Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Oh yeah, time to put an end to Team America
World Police. Yeah.
Speaker 1 (00:20):
Oh.
Speaker 2 (00:21):
If you're a youngster, you might not remember was a
film by the South Park guys. They did a great
job with the Team America World Police. Not for the kiddies,
but anyway, I found it hilarious. Okay, here is an
article today in the Wall Street Journal by.
Speaker 3 (00:37):
The former Secretary General of NATO and Prime Minister of Denmark,
unders Foul Grasmussen.
Speaker 2 (00:49):
You're going to get a kick out of this, so,
he writes in the Wall Street Journal. The first weeks
of the Trump administration, they've been difficult, even painful. I
have Detica hated much of my life to a rules
base international order led by the United States, and I
worry that it's ending. We Oh, here we go. The
(01:12):
world needs a policeman, and since World War Two, the
USS filled that role. But what if the policeman no
longer exercises his authority over geopolitical gangsters, or becomes abusive
toward the world's steadfast rule followers. Okay, let's break this
(01:32):
down there. Yeah, yeah, it's gonna be painful. It's gonna
be painful for all of you countries that have been
freaking free riding for decades, generations now living off our dollars. Oh,
all of a sudden, you love America. Yeah, oh yeah, no, no, no, no,
(01:54):
don't pull back. You keep spending the money America, and
we're gonna we're gonna contain you not to spend the
money and give all sorts of handouts to our citizens.
Abusive toward the world's most steadfast rule followers. Well, let
me ask you a question. Is it or is I'm
throwing us out here, mister ras musen. Is it or
(02:16):
is it not a rule that every member of NATO
is supposed to at least spend two percent of their
GDP on defense? Yes or no? Oh yeah, yeah, yeah
you are. There's just a not even a handful of countries,
not even a handful of countries that do that. Anyway,
(02:39):
he goes on, I never imagined I would hear a
US president Declara's intentions to expand our territory. What do
you care? Okay, Hey, Donald Trump continues suggests that Canada
should become a fifty first state and throwing it out there.
(02:59):
We didn't invent aid Canada, throwing it out there, and
would they be better off if they were? Yeah, there's
no doubt about it. And he has refused to rule
out military force to secure America's control of the Panama
Canal and autonomous Danish territory of Greenland. Yeah. The Panama
(03:23):
Canal is a strategic point, and yeah, yeah, if we
need to use military force to control that, we're going
to do so. But guess what there, mister Raspuson, we
seemed to have handled it without firing a shot, but
we sent Marco Rubio down there. Everything seems to be okay.
(03:46):
They're they're seeing things our way. We built the fricking
thing anyway. Greenland. Yeah, Well, if we feel uh that
China and Russia are pushing into the Arctic and we
need to utilize and contain and maintain these sea lanes there,
(04:09):
and it's for everyone's best interest in national security, yeah, yeah,
we're gonna We're gonna deal with that. What are you
gonna do about it? Nothing? Nothing, and quite frankly, you
should be like, hey, what about fifty thousand people live
(04:30):
in Greenland? About fifty thousand people anyway, Vladimir Putin and
Xijien Ping are watching. If the US can take Greenland
for America's security, mister z will claim that he can
invade Taiwan for Chinese security. Mister Putin's absurd arguments about
(04:51):
conquering Ukraine for Russia's security would be validated by mister Trump. Honestly,
is this the this is the the jew Nile argument
that you were the head of NATO. China doesn't want
Taiwan because of security. They're not concerned that Taiwan is
(05:16):
going to turn around and invade it used to be
a part of China. Are you counting on the how
naive people are about Chinese history to actually put something
out like that? Here we go. As a child, I
admire John F. Kennedy, who said that America would pay
(05:38):
any price, bear any burden to assure the survival and
the success of liberty. As a young politician, I cheered
Ronald Reagan's nineteen eighty five State of the Union arrests,
in which he said America's mission to nourish and defend
freedom and democracy. As Danish Prime Minister, I worked with
President George W. Bush because I believe denmark security was
best guaranteed by a close alliance with the US. Oh.
(06:02):
I know, you guys sent like you know, tons and
tons of troops to Afghanistan and Iraq to fight. But
what will you do in there? I mean, honestly, did
they did? You? Guys? Really? I mean, go out? Come
on now, just think, come on, there's just quiet already.
After Trump's threats against some of America's cool, closest allies,
(06:25):
including Denmark, I have to revise my views today. We
Europeans must be got love. This must be prepared to
protect ourselves from those who lie in wait just outside
our borders. Europe must develop a stronger and more effective
defense than to Russia and any other nation. NATO is
(06:45):
still the cornerstone of European defense. But given that Trump
has raised doubts about America's willingness to fulfill its NATO
obligations and has spreadned two allies, Canada and Denmark, I
see no option then to ensure we can stand on
our own in any situation. Good fan freakingtastic, Yes, we
(07:12):
want the rest of NATO. We want the rest of
NATO to move out from our basement. Again, you're like
some twenty eight year old deadbeat kid playing video games
in the basement, living off mom and dad.
Speaker 1 (07:28):
Good.
Speaker 2 (07:29):
We encourage it, we encour you know, I have at it.
You know you think that we want You think we
as taxpayers want to be sending hundreds of billions of
dollars to Europe on a regular basis because you guys
can't defend yourself, because you want to take your long
vacations and have your social safety nets. Is this guy?
(07:54):
I mean, this reads almost like a parody. This is
how pathetic this individual is. This guy was in charge
of NATO, he was in charge of Denmark. What a loser. Anyway,
we must build a coalition of willing European countries that
are prepared to provide a robust European defense. We should
strengthen European Union's security dimension, move to majority voting to
(08:17):
prevent pro Russia members from voting important security measures, and
sign a security agreement between the EU and the UK
as soon as possible to protect ourselves and our shared
critical infrastructure. You guys can't even handle what's going on
with the Ukraine right now? German troops trained, they don't
(08:39):
even train with real weapons. They train with wooden guns
because you don't have them. Who are you? Who are
you trying to kid? You want to go ahead, go ahead,
come up your own little organization. And then the United
States like, hey, anybody want to you know, side with us?
(09:01):
You know, the ones that are actually paying their bills.
Who do you think they're going to side with you?
Speaker 1 (09:09):
Yeah? Uh?
Speaker 2 (09:14):
Anyway, uh you know, getta go ends up here said,
you know, I hope they knew us and administration doesn't
end in international order that has created more security and
more prosperity for more people than any other in history.
But hope there's no strategy. Europe must be prepared to
suffer the consequences. Go ahead, okay, and hey listen, you
(09:35):
know may maybe we wouldn't be so aggravated over here
again if you guys actually paid your bills, if you
actually did contribute. Oh, I remember George W. Bush and
his coalition of the willing. Oh spare me, come on now, oh,
go go ahead and take a look at all the
(09:55):
countries that were involved, and take a look what they
actually did who who was doing all the lifting. Give
me a break. Anyway, an interesting piece talking about where
we came from with all of this. When it comes
to foreign policy. Woodrow Wilson. Woodrow Wilson again, he was
(10:23):
another president that was incapacitated, like Joe Biden for a
large part of his presidency, and supposedly his wife was
running the show. He was the Yeah, he was a
lit He was a big time progressive. I remember even
even there was that movie, Aaron Sorkin movie of course,
(10:45):
far left wing and the American President with Michael Douglas
and Anette Benning. I remember one of the scenes in
that movie, Michael Douglas, he was praising Woodrow Wilson. He
also found time took create the League of Nations, which
was a joke. It was pathetic. Anyway. Trump's foreign policy
(11:10):
rejects Wilsonian principles, prioritizing security over self determination. Trump argues
twentieth century borders have failed to prevent conflict and that
authoritarian regimes pose a greater threat than sovereignty infringements. Trump
(11:31):
advocates for a new approach, emphasizing Western defense against terrorist
organizations and asserting US interest in strategic locations like the
Panama Canal and Greenland. The general understanding after World War
One was that violations of national sovereignty and borders constituted
the key threat to global peace, and January nineteen eighteen,
(11:56):
Wilson called for a general Association nations that would afford
mutual guarantees of political independence and territorial integrity to great
and small states alike. Again, this is the rules based
international order. This was the League of Nations. It was
aimed to forestall conflict by making states sacred and their
(12:21):
borders in viable. How did that work out? Again? How
did that work out for the world? Yeah? At that time,
what was Europe doing. I'll take this, you'll have that,
we'll carve up this. In the Middle East at that
(12:42):
point in time, Jordan was established, Lebanon, Iraq, Syria, Europe.
They spoke about self determination in Africa, but decolonization actually
didn't occur until after World War two. Again, europe borders
were all carved up, all carved up, carving up the
(13:07):
empires into nation states. Yeah, Trump is dumb. The primary
danger to global peace isn't the infringement of state sovereignty,
but the actions of authoritarian terrorist regimes. Borders drawn in
the twentieth century haven't provided security or self determination. They've
(13:31):
actually led to armed conflict. Syria, Siria, you got a
multi ethnic dictatorship there, you know, that's what that led to.
Brutal Jordan. Jordan is well, they've got a majority Palestinian population,
(13:55):
but it's ruled by a monarchy, monarchy with Bedouin roots.
Gaza started out as a territory under Egyptian control and
that didn't turn out too well. And it was interesting
(14:16):
in regards to Gaz as well with Trump's suggestion of
turning it around. This Riviera plan, do you know that
was first proposed in nineteen fifty three by the United
States and the UK. It was actually supported by the UN.
They planned to build a new city in Egypt, Sinai,
(14:36):
to relocate Gaza's residence. Water for the new city would
have been diverted from the Nile. The US and the
World Bank would have spent thirty million to fund water diversion,
also fund building the Oswan Dam for Egypt. Again. At
the time, the leader of Egypt was Abdul Naser Gamal
Abdul Nasser, and he was on board with this plan too.
(14:59):
But you had the Muslim Brotherhood and the Communists at
the U N R, r w A schools in Gaza,
and they organized a mini in a fada against Naser
and the Egyptian rule of the Strip. Naser responded with
live ammunition, killed a protester. Again, it was basically about
(15:21):
who was going to govern over Cairo, and Nasar fearing
that he had his Glamis to the left of him
and Communists to the right of him, or what you
want or vice versa, at you know, whatever it may be,
he threw the leaders of both into prison, stopped the
whole plan, and uh, then again that went away. People
(15:41):
shocked by they call me, you know, imperialistic threats to
take over Greenland. We've already intervened in Panama, Gulf of
America again, Gaza, Riviera. They are, they're looking at the
world like mister Asmussen is through a twentieth century lens.
(16:07):
It's the twenty first century Trump's foreign policy and it's
a great, great peace on this again is Sigel From
actually the author of this story of Israeli politics. It's
kind of fascinating if you actually think about it, that
(16:28):
the old rules don't apply. They don't apply. Woodrow Wilson
believed that when authoritarian countries are given self determination, democracy
can emerge. Who else believed that? George W. Bush? George W. Bush,
(16:50):
Barack Obama. Oh yeah, yeah, we're gonna go in Iraq,
and Nigga love us. We're gonna go into Afghanistan. Nigga
love us? Why would they love us? We help them
defeat the Soviets. We're gonna get rid of the town.
Oh that We're gonna We're gonna flip the Taliban out
of there. How the hell did that work out? It
(17:11):
doesn't work that way. You know. We we push for
for democratic elections again, word all the time. I stay, hey, democracy,
the democracy, democracy here, democracy there. People don't even understand
how dangerous democracy can be unless you have individual rights
(17:34):
and the rule of law. Democracy is very, very dangerous.
Imagine having a pure democracy and somebody's backwards. Ask countries
what they would vote for, what they would do to
their fellow citizens. Do you think you're going to have
this in the Palestinian territories? Iraq can what happened? You
(18:01):
had fundamentalist Islam? What happened was it Egypt right away?
With after the Arab spring, Obama's cheering on who's who
did they vote for? First? The Muslim brotherhood, they're the
ones that won. And again he makes a great question here, okay, Gaza,
(18:25):
Palestinian authority, democratic state? Right, they voted from us? Where
would you rather live? Would you rather live? And I
don't know, authoritarian Dubai or democratic Gaza? Which is it?
(18:47):
Where would you rather live? Brilliant question and Woodrow Wilson's world,
a preservation of state sovereignty was essential for free trade. Trump,
it's unreasonable to let major ports on both sides of
the Panama Canal, which was built by the US, to
be controlled by Chinese companies. Again, our intervention might compromise
(19:12):
Panama sovereignty, might impede trade, but the greater risk is
Chinese influence over the area. Wilson saw self rule as
a way to uplift nations and humanity as a whole.
But again, are we going to give up Greenland's shipping routes,
(19:36):
mineral resources, and strategic benefits because the territory has been
self governing for four decades? Again, you know Russian China
they want in over there too. They want in over
there too. And again you got to think about the
(20:00):
he actually writes in this column. He says, as a child,
I vacationed at a hotel on one of Gaz's breathtaking beaches,
which are unmatched in beauty throughout the Middle East. There's
no reason why, in the name of wilsony and idealism,
those beaches should host Iranian funded terrorist squads rather than
cocktails at sunset. And it's a new world, and we've
(20:25):
been doing the same thing over and over again. A
lot of people make money off this. They have entire
again NGOs, the Atlantic Council, all of these groups, all
of these people funded, all of these eggheads out there
that are wrong all of the time, that are wrong
on everything. It benefits them, benefits their way of life.
(20:49):
And if it's their lifestyle and their travel and everything
that goes no now and again, I've been banging up
and down about this for a long time. Comes to
foreign policis. That's it. I said, We've done our but
we've done more than enough, quite frankly, and again, your
(21:12):
nations we would love. It's like he comes into this
guy is rasmusen Fella comes in a Wall Street Journal today. Now,
don't do it work. We may have to do this
on our own. Good go do it on your own.
Leave us alone. We'll be fine. I don't know about
(21:34):
you guys, but they're not going to do that. There's
no way they're going to do that again. This is
it's almost like somebody's written for the Babylon b Europe
decides is going to start actually taking responsibility for its
own defense. What a joke, Watchdog on Wall Street dot
(21:54):
Com