Why Does Britain Want Access to Your iPhone Data?

Chris takes aim at the UK's controversial snooper charter, which orders Apple to build a backdoor into its encrypted devices. He argues that such a move would shatter the very trust that has made Apple a global leader, and he mocks the British government's overreach in surveillance and censorship. Markowski also highlights the ripple effects—tech investors pulling out and political hypocrisy rampant in the UK—underscoring a clash between American innovation and outdated British control. www.watchdogonwallstreet.com

Episode Transcript

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

Speaker 2 (00:16):
The British, you're coming to British, you're coming. Yeah, they're
coming for US tech companies. Now they're coming for Apple. Yeah.
The UK's are calling it what I call it, the
Snooper Charter. Basically it well, it wants Apple ordered Apple

(00:37):
to build a backdoor, to build a backdoor that would
allow the British government to download and read the private,
encrypted data of any iPhone user anywhere in the world. Now, again,
that would most certainly wreck a major selling point for

(01:02):
Apple devices. Billions of people have chosen Apple devices. It's
one of the world's most valuable companies because it doesn't
have a bactor. I want to remind everybody what was
it in It was Bakersfield? Was that the terrorist attack
in California that took place, And actually there were some

(01:24):
people arguing here they wanted Apple to unlock, jail break
the terrorist's phone, and they refused, No, no, we're not
letting that out. And I wouldn't give that to the
US government, kid me. Oh and they were, they were
throwing a hissy fit about it, and actually it people mean, well,

(01:48):
they should let them do it. Are you kidding? You
want to give the United No? Absolutely not the same
government that we've already caught them spying on us and
everyone else and reading our emails and looking at our
search history and all that other crap. No, I don't
trust anybody in Washington, DC, and I most certainly don't
trust any people in the UK. Damn redcoats. Screw them anyway. Again,

(02:14):
Thank god, thank god Donald Trump is in office, because
I'm sure Kamala Harris would be like, you better comply. Again,
Apple could choose not to, and we're already we're already
seeing right now Apple is likely to withdraw its services
from the UK rather than comply. Great, fantastic. You know

(02:39):
what I'm thinking of. I'm thinking of that scene in
the Breakfast Club where Bender gives the upside down middle figures.
Do you hear this? Shall I turn it up? Yeah? Okay,
screw them, shut it down, shut it off, you know,

(02:59):
as a man matter effect. Okay, again, this is not
this is not the first the UK with their their
security services over there again, they must have gotten rid
of all the double o's and they're going to choose
to spy on everyone electronically. No more James Bonds anymore.

(03:20):
It's again, it's right out of the damn thing there.
We're specters trying to control all of the everybody's phone.
I know what's going on, but anyway, Yeah, the Investigory
Powers Act, You've already had global companies saying, hey, we're
going to do this. US encryption company Signal said that

(03:42):
if the content moderation requirements of the Online Safety Act,
with which Signal necessarily cannot comply because it's end to
end encrypted, they're going to absolutely walk away. Because again
you know, the UK going after people on social media
because they don't like what they say. It's an absolute joke.
I wouldn't step foot. I've said that before. Okay, I

(04:04):
won't step foot in that country. I won't go and
I would try. I would. I'm not going over there.
Kere Steimer, you see that fool on TV yesterday bragging
that he just got himself an AIDS test. Where are
you hanging out? Man? Are you using intravenous drugs? Are

(04:27):
you getting a little freaky out of black bath house? Buddy?
Okay again, mind blowing stuff. Mark Andresen one of the
foremost venture capitalists here in the United States and a
very vocal opponent of online censorship. Uh yeah, they closed

(04:49):
their their VC office in London. This is one of
the and Andresen and Horwitz's massive They shut down their
UK offices two weeks ago, saying this country is uninvestible. Hey,

(05:10):
to all you Brits out there, how does it feel
to have an uninvestible country? What do you got now? Oh,
I'm making fun your crappy cuisine. Watchdog on Wall Street
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