February 18, 2025 • 19 mins
Chris dives into the evolving geopolitical landscape as Europe faces an internal crisis. He examines how European leaders, caught between U.S. pressure and their own soft defense postures, are struggling to balance fiscal priorities with national security. Markowski critiques the EU’s leadership—from elite figures in Brussels to superficial photo ops—and warns that without tougher reforms, existential threats like Russian aggression could destabilize the region. www.watchdogonwallstreet.com
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
We get major things happening around the globe, as we
all know. Obviously, you have what's taking place in Riad,
Saudi Arabia, the American delegation meeting with the Russian delegation
over there, and we're getting drips and drabs of what
came out of that meeting. And I would caution everyone
(00:37):
out there to be very very patient when it comes
to what's coming out, because the media is already set up.
They can't have they don't want a Trump win in
this situation, this war God willing that they're going to
(01:02):
have to spin it as Donald Trump capitulating to Vladimir Putin.
That is, that is a narrative that has already been written.
They've already got stories in the can ready to go.
They're already starting to put them out in various different
publications around the golob I mean, this is a big
business that Donald Trump is attacking right now, Military industrial complex,
(01:28):
billions and billions of dollars being shoved over there. People waiting,
waiting right now to see where the chips may fall.
Want to get their hands on the various different natural
resources that are there in the Ukraine. This is one
of the things that they're spinning as well. They're spinning
(01:52):
the fact that Donald Trump wants to seize wants to
seize many of the natural resources in the Ukraine. Smart. Oh, no,
the story's out there. Oh, this is greater, this is
bigger reparations in Germany had to pay at the Versailles
(02:12):
Treaty after World War One. You think we're stupid here,
you're talking, you're talking the you're talking Eastern Europe. Here,
this is the land of oligarchs. If we don't take it,
(02:37):
if we don't take it, some oligarch, some connected groups
like a Barisma, somebody tied to the Biden family, and
these people will get rich off this forever in ten days.
This is what happened after Russia fell apart.
Speaker 3 (02:55):
You know, certain people tied into the right people within
the commune, this party, even though the Communists were thrown out,
all of a sudden, all of a sudden, became filthy, rich,
wealthy that, you know, wealth that we don't really quite
comprehend here in this country, because again, it's like a
commodity money, it's like money coming.
Speaker 2 (03:16):
Out of a flawcet every single day. That would protect
the people of the Ukraine, and that we are going
to develop this and we are going to employ people,
You're going to allow it was one of the most
corrupt countries in the world. And I know, I know,
(03:40):
see the Ukrainian flags out there on your social media
post all this good stuff. Please, okay, please, let's say
let's just say, for shits and giggles, let's just say
some deal is struck and Russia just keeps crimea which
they've had for a very long period of time. Let's
(04:01):
just just say that. And then the Ukrainians are, you know,
in rebuild mode. You know as well as I know
that all of the natural resources there are going to
get picked over by certain elites. It's going to be
as corrupt as corrupt as hell, and it's not going
to benefit the people of that country. We would handle
(04:24):
that a hell of a lot, hell of a lot
differently otherwise, So again you can put that aside. But
again I would caution everybody, once again, be real careful
with what is being put out. By the way, these
are stories that have already been written. Okay, yeah, they'll
fill in and they'll make some and it's based upon
(04:45):
what they're hearing, but their narrative has been set with this,
and again we'll continue to cover it and fight it
here on the program. Trying to end a war versus
a photo op. I don't know if you had the opportunity.
Yesterday Macron McCrone decides to hold this uh you know,
this meeting, hey, European leaders coming over to Paris and
(05:10):
oh yeah, oh yeah, you had the soldiers out there
wearing all their fancy pants uniforms and holding their swords
and their funky cool French hats there and yep, a
lot of pictures being taken. Yeah, Macron comes out and
shakes hands with this one. They got to do another
picture arm around this one shaking hands, and then they
(05:31):
gave the uh, they gave the They showed the meeting
and they're all sitting at a circular table there. Had
to get a picture of that and put that out
as well. It's a photo op, man, it it it
really is. I know, we've covered this for the past
couple of days. You want, I would encourage people to do.
(05:56):
Take a look. Do I do this all the time?
Look at the reds of me of these various different
European leaders, whether it be Ursula in charge of the
European Commission, Ursula is basically royalty, royalty she you know,
you take a look at her background. Her family was
(06:18):
super dupe for wealthy husband super do again, it's basically
royalty over in Europe. Basically spent most of her life
just going to school, had kids. And then again she
basically royalty. Finds her way of being in charge of
the European Commission. How that happened? Look at mccrone's background,
(06:43):
and he's socialist social get go all off Germany, big
time social I mean, here's a guy that went over
to East Germany to appease the East during the Cold War.
I mean he is a died whole socialists. You know,
they're all people who have you know, rejected religion. I
(07:06):
have no faith Ursula. I will still think she calls
herself a Lutheran, you know, outside of Teworgian maloney Italy.
She again, I cracked. I made fun of you know,
Europeans and not working your way up from the bottom.
Maloney did, Yeah, she's very much. Uh, she's got an
(07:28):
American streak in her. You know, wait at tables, bar
tended had rough up me, poor upbringing for a period
of time, I mean again, built herself up again. You know,
conservative and church going Catholic. You're going to see the
divide here. They're going to sit around that table and
(07:53):
they're gonna say, we have to do this, and we
have to start spending more, and we have to do
more this, and they're all gonna say, look at each
other like this, and they're gonna say, you first, go ahead,
I tell you what, We'll do it once you start
doing it. They got nothing out of that meeting. Yes, zip, zero, zilch,
(08:20):
not a Do you think they're gonna go back to
their countries and say, we're gonna we're gonna spend We're
gonna spend five percent or more on defense. Now we've
got to again. They're they're jumping up and down saying
Russia is gonna invade again. Existential threat. So it's a
(08:41):
climate change, it's an existential threat. Russia is gonna be
able to invade Europe by twenty thirty. Well, okay, that
gives you five years. Gives you five years to get
your asking here. And first of your economy is much
(09:02):
bigger as a whole than Russia's. You have more people,
You've got a direct line to all the defense contractors
here in the United States. Jay, five years, I have
plenty of time that point. Do you understand that post
(09:23):
BEF right before World War Two? You understand how small
our military was here in the United States minuscule. Romania's
military was larger than ours prior to World War Two? Uh? Yeah,
we get hit Pearl Harbor. We flipped the switch and
(09:43):
that changed. But quick five years, might I suggest you stop,
you know, investing in solar panels and windmills. But again
they say things, and I don't if they necessarily believe that,
they're not willing to act on it. I get you.
(10:06):
You've got many of these countries' populations that are used
to they're soft, they're not used to working very hard.
I was saying in Germany, now, average factory worker works
thirty six hours a week. Thirty six hours a week,
(10:33):
and you know that includes lunch and breaks, not to
mention the fact they get over a month, a vacation
a year. You guys aren't competitive, man, You're just not competitive.
It was great this morning. The CEO of Pallenteer Alex Karp,
(10:59):
was on c NBC. Has got a book, a book
that just came out, and he torched Europe, torched them
in regards to what's going on over there. And yeah,
they Andrew Rosser try to back him into the corner
(11:21):
because of AfD and Germany and some of their history
with Nazi propat and he's just like, listen, you know,
I'm Jewish, I hate anti Semitism, I hate all of
this stuff. And I'm paraphrasing, but you know, they've they've
got a point on many things. And he's talking about
(11:41):
all of the terror attacks that are taking place in Germany.
You understand what's good. You don't even put it out
in the news. Here. What's going on in Sweden. Sweden's
basically a Nogo zone. Bomb after bomb after bomb. They
found another bomb today in a supermarket. It hasn't worked.
(12:02):
He had a great line. He said, the the West
is obviously superior. We had a pagan religion infiltrate our
universities and our society, and that religion. Basically said that
everything good about America and everything that has actually worked
is bad. I mean, he was, he was in rare form.
(12:22):
He went off on the program today and he also
made another point as well. It's something that I talk
about all the time. We're perpetually told that, well, this
is the way things are, and this is the only
solution we can have, so we have to do things
this way. And he basically points us that's what Trump
(12:43):
was saying. No, now this is stupid. Well why am I?
Why am I going to get behind something that's gonna
have a stupid result. Change the paradigm, change it, and
if you don't like our suggestion, come up with something better.
(13:04):
That was exactly what was behind the whole Gaza thing.
This gig go on. We're doing the same thing over
and over and over again for a hundred years. There.
You want to go back to that. Nah, Nah, I'll
tell you what. We'll take the thing over. We'll take
the thing over. I can't do that. Everybody's get in
(13:28):
the vapor exactly. They can't be done. This is gonna
be terrible. Okay, you got a better idea, but we're
not gonna do what hasn't worked anymore. That's just stupid.
Ukraine Russia war three years, three years and who knows,
(13:49):
who knows how many people have been killed? And won't
do it. I don't know. You're gonna you gotta keep
up with this trench warfare. Yea, a work worked real
well in World War One too, Right, It's just stupidity
of human beings. I mean, it's just amazing to me.
(14:09):
Let's just keep doing the same thing. No, no change,
the paradigm, got a better idea, because again this is nonsensical.
It really is. Again, you're you're gonna they're gonna see
a lot of criticism out there. Oh no, you're going
(14:30):
after Europe and going after Listen, okay, and this is
this is this is true. And again all the people
hanging on to their NATO NATO dreams, we uh as
a nation, and it's not something that we should you know,
(14:53):
you do the right thing. World War one, World War two,
Cold War, we we have. We sacrificed a lot for Europe.
We have and again maybe many of the things that
(15:18):
we allowed to have happened have made matters worse there
by coddling them and spoiling them and not you know,
forcing them to provide properly for their own defense. You
know that that's that's our fault. We've let this go
on for way, way, way too long, that they're in
(15:41):
this this point right now where they cannot get out
of their own way. It seems to me that the
pendulum is starting to swing and they're starting to wake
up over there, and God willing, I hope they do.
I do, I hope they do. You know, any of us,
that's where our roots, that's where our families have come from.
(16:06):
But you have actually thought about it if you wanted
to be a real politic, even machiavellian. Look what if
we what if we started focusing our attention more on
(16:28):
South America, Central America, the Far East, partnering with China.
Correct me if I'm wrong? Do they or do they
not have a lot more going on than Europe? Does
they do? You know a great way of kind of
(16:50):
equating this to some degree, it's almost like when sports franchises,
sports franchise, sports teams hang on to aging veterans too
long for nostalgic reasons. Guys, am I wrong here again?
You know this is just you know what I'm saying
(17:11):
it may affect people's sensibilities. I get that. That's exactly
what jad Vance did when he was over there. It
was like cold water in their faces. And again prior
to what he said Munich, he was there at the
AI conference in Paris and saying, you guys gotta stop
with all your stupid regulations and whatnot. You're uncompetitive. And
(17:32):
he's not wrong. And again the arrogance, and you take again,
take a look at all of these people that are
sitting at the table at the photo ops almost all
nine plus neither built anything nor created anything, Socialists from
(17:53):
the get go, still all this this crap. Okay, again
encouraging Europe to change away. I don't know if they will,
but at some point in time, I mean, I am
(18:15):
going after our allies and our are they are they
really are allies and friends. They don't listen. They laugh,
Donald Trump, what are you doing? Why why are you
buying all this? Uh uh? Now? Why are you buying
all this gas and oil from Russia? And then we
got to defend you, and the Germans laughing at him
(18:35):
when he was giving that speech. Yeah, how do you
like me? Now? How do you like me? Now? We're
faltering economy, okay, disaster taking place over there. You're wrong
on everything, and we were right on everything. Again. We'll see,
(18:57):
we'll see what happens. But I quite frankly, I had
much in this whole transom. I had much rather end
of war than stage a photo op Watchdog on Wall
Street dot Com mhm
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):
We get major things happening around the globe, as we
all know. Obviously, you have what's taking place in Riad,
Saudi Arabia, the American delegation meeting with the Russian delegation
over there, and we're getting drips and drabs of what
came out of that meeting. And I would caution everyone
(00:37):
out there to be very very patient when it comes
to what's coming out, because the media is already set up.
They can't have they don't want a Trump win in
this situation, this war God willing that they're going to
(01:02):
have to spin it as Donald Trump capitulating to Vladimir Putin.
That is, that is a narrative that has already been written.
They've already got stories in the can ready to go.
They're already starting to put them out in various different
publications around the golob I mean, this is a big
business that Donald Trump is attacking right now, Military industrial complex,
(01:28):
billions and billions of dollars being shoved over there. People waiting,
waiting right now to see where the chips may fall.
Want to get their hands on the various different natural
resources that are there in the Ukraine. This is one
of the things that they're spinning as well. They're spinning
(01:52):
the fact that Donald Trump wants to seize wants to
seize many of the natural resources in the Ukraine. Smart. Oh, no,
the story's out there. Oh, this is greater, this is
bigger reparations in Germany had to pay at the Versailles
(02:12):
Treaty after World War One. You think we're stupid here,
you're talking, you're talking the you're talking Eastern Europe. Here,
this is the land of oligarchs. If we don't take it,
(02:37):
if we don't take it, some oligarch, some connected groups
like a Barisma, somebody tied to the Biden family, and
these people will get rich off this forever in ten days.
This is what happened after Russia fell apart.
Speaker 3 (02:55):
You know, certain people tied into the right people within
the commune, this party, even though the Communists were thrown out,
all of a sudden, all of a sudden, became filthy, rich,
wealthy that, you know, wealth that we don't really quite
comprehend here in this country, because again, it's like a
commodity money, it's like money coming.
Speaker 2 (03:16):
Out of a flawcet every single day. That would protect
the people of the Ukraine, and that we are going
to develop this and we are going to employ people,
You're going to allow it was one of the most
corrupt countries in the world. And I know, I know,
(03:40):
see the Ukrainian flags out there on your social media
post all this good stuff. Please, okay, please, let's say
let's just say, for shits and giggles, let's just say
some deal is struck and Russia just keeps crimea which
they've had for a very long period of time. Let's
(04:01):
just just say that. And then the Ukrainians are, you know,
in rebuild mode. You know as well as I know
that all of the natural resources there are going to
get picked over by certain elites. It's going to be
as corrupt as corrupt as hell, and it's not going
to benefit the people of that country. We would handle
(04:24):
that a hell of a lot, hell of a lot
differently otherwise, So again you can put that aside. But
again I would caution everybody, once again, be real careful
with what is being put out. By the way, these
are stories that have already been written. Okay, yeah, they'll
fill in and they'll make some and it's based upon
(04:45):
what they're hearing, but their narrative has been set with this,
and again we'll continue to cover it and fight it
here on the program. Trying to end a war versus
a photo op. I don't know if you had the opportunity.
Yesterday Macron McCrone decides to hold this uh you know,
this meeting, hey, European leaders coming over to Paris and
(05:10):
oh yeah, oh yeah, you had the soldiers out there
wearing all their fancy pants uniforms and holding their swords
and their funky cool French hats there and yep, a
lot of pictures being taken. Yeah, Macron comes out and
shakes hands with this one. They got to do another
picture arm around this one shaking hands, and then they
(05:31):
gave the uh, they gave the They showed the meeting
and they're all sitting at a circular table there. Had
to get a picture of that and put that out
as well. It's a photo op, man, it it it
really is. I know, we've covered this for the past
couple of days. You want, I would encourage people to do.
(05:56):
Take a look. Do I do this all the time?
Look at the reds of me of these various different
European leaders, whether it be Ursula in charge of the
European Commission, Ursula is basically royalty, royalty she you know,
you take a look at her background. Her family was
(06:18):
super dupe for wealthy husband super do again, it's basically
royalty over in Europe. Basically spent most of her life
just going to school, had kids. And then again she
basically royalty. Finds her way of being in charge of
the European Commission. How that happened? Look at mccrone's background,
(06:43):
and he's socialist social get go all off Germany, big
time social I mean, here's a guy that went over
to East Germany to appease the East during the Cold War.
I mean he is a died whole socialists. You know,
they're all people who have you know, rejected religion. I
(07:06):
have no faith Ursula. I will still think she calls
herself a Lutheran, you know, outside of Teworgian maloney Italy.
She again, I cracked. I made fun of you know,
Europeans and not working your way up from the bottom.
Maloney did, Yeah, she's very much. Uh, she's got an
(07:28):
American streak in her. You know, wait at tables, bar
tended had rough up me, poor upbringing for a period
of time, I mean again, built herself up again. You know,
conservative and church going Catholic. You're going to see the
divide here. They're going to sit around that table and
(07:53):
they're gonna say, we have to do this, and we
have to start spending more, and we have to do
more this, and they're all gonna say, look at each
other like this, and they're gonna say, you first, go ahead,
I tell you what, We'll do it once you start
doing it. They got nothing out of that meeting. Yes, zip, zero, zilch,
(08:20):
not a Do you think they're gonna go back to
their countries and say, we're gonna we're gonna spend We're
gonna spend five percent or more on defense. Now we've
got to again. They're they're jumping up and down saying
Russia is gonna invade again. Existential threat. So it's a
(08:41):
climate change, it's an existential threat. Russia is gonna be
able to invade Europe by twenty thirty. Well, okay, that
gives you five years. Gives you five years to get
your asking here. And first of your economy is much
(09:02):
bigger as a whole than Russia's. You have more people,
You've got a direct line to all the defense contractors
here in the United States. Jay, five years, I have
plenty of time that point. Do you understand that post
(09:23):
BEF right before World War Two? You understand how small
our military was here in the United States minuscule. Romania's
military was larger than ours prior to World War Two? Uh? Yeah,
we get hit Pearl Harbor. We flipped the switch and
(09:43):
that changed. But quick five years, might I suggest you stop,
you know, investing in solar panels and windmills. But again
they say things, and I don't if they necessarily believe that,
they're not willing to act on it. I get you.
(10:06):
You've got many of these countries' populations that are used
to they're soft, they're not used to working very hard.
I was saying in Germany, now, average factory worker works
thirty six hours a week. Thirty six hours a week,
(10:33):
and you know that includes lunch and breaks, not to
mention the fact they get over a month, a vacation
a year. You guys aren't competitive, man, You're just not competitive.
It was great this morning. The CEO of Pallenteer Alex Karp,
(10:59):
was on c NBC. Has got a book, a book
that just came out, and he torched Europe, torched them
in regards to what's going on over there. And yeah,
they Andrew Rosser try to back him into the corner
(11:21):
because of AfD and Germany and some of their history
with Nazi propat and he's just like, listen, you know,
I'm Jewish, I hate anti Semitism, I hate all of
this stuff. And I'm paraphrasing, but you know, they've they've
got a point on many things. And he's talking about
(11:41):
all of the terror attacks that are taking place in Germany.
You understand what's good. You don't even put it out
in the news. Here. What's going on in Sweden. Sweden's
basically a Nogo zone. Bomb after bomb after bomb. They
found another bomb today in a supermarket. It hasn't worked.
(12:02):
He had a great line. He said, the the West
is obviously superior. We had a pagan religion infiltrate our
universities and our society, and that religion. Basically said that
everything good about America and everything that has actually worked
is bad. I mean, he was, he was in rare form.
(12:22):
He went off on the program today and he also
made another point as well. It's something that I talk
about all the time. We're perpetually told that, well, this
is the way things are, and this is the only
solution we can have, so we have to do things
this way. And he basically points us that's what Trump
(12:43):
was saying. No, now this is stupid. Well why am I?
Why am I going to get behind something that's gonna
have a stupid result. Change the paradigm, change it, and
if you don't like our suggestion, come up with something better.
(13:04):
That was exactly what was behind the whole Gaza thing.
This gig go on. We're doing the same thing over
and over and over again for a hundred years. There.
You want to go back to that. Nah, Nah, I'll
tell you what. We'll take the thing over. We'll take
the thing over. I can't do that. Everybody's get in
(13:28):
the vapor exactly. They can't be done. This is gonna
be terrible. Okay, you got a better idea, but we're
not gonna do what hasn't worked anymore. That's just stupid.
Ukraine Russia war three years, three years and who knows,
(13:49):
who knows how many people have been killed? And won't
do it. I don't know. You're gonna you gotta keep
up with this trench warfare. Yea, a work worked real
well in World War One too, Right, It's just stupidity
of human beings. I mean, it's just amazing to me.
(14:09):
Let's just keep doing the same thing. No, no change,
the paradigm, got a better idea, because again this is nonsensical.
It really is. Again, you're you're gonna they're gonna see
a lot of criticism out there. Oh no, you're going
(14:30):
after Europe and going after Listen, okay, and this is
this is this is true. And again all the people
hanging on to their NATO NATO dreams, we uh as
a nation, and it's not something that we should you know,
(14:53):
you do the right thing. World War one, World War two,
Cold War, we we have. We sacrificed a lot for Europe.
We have and again maybe many of the things that
(15:18):
we allowed to have happened have made matters worse there
by coddling them and spoiling them and not you know,
forcing them to provide properly for their own defense. You
know that that's that's our fault. We've let this go
on for way, way, way too long, that they're in
(15:41):
this this point right now where they cannot get out
of their own way. It seems to me that the
pendulum is starting to swing and they're starting to wake
up over there, and God willing, I hope they do.
I do, I hope they do. You know, any of us,
that's where our roots, that's where our families have come from.
(16:06):
But you have actually thought about it if you wanted
to be a real politic, even machiavellian. Look what if
we what if we started focusing our attention more on
(16:28):
South America, Central America, the Far East, partnering with China.
Correct me if I'm wrong? Do they or do they
not have a lot more going on than Europe? Does
they do? You know a great way of kind of
(16:50):
equating this to some degree, it's almost like when sports franchises,
sports franchise, sports teams hang on to aging veterans too
long for nostalgic reasons. Guys, am I wrong here again?
You know this is just you know what I'm saying
(17:11):
it may affect people's sensibilities. I get that. That's exactly
what jad Vance did when he was over there. It
was like cold water in their faces. And again prior
to what he said Munich, he was there at the
AI conference in Paris and saying, you guys gotta stop
with all your stupid regulations and whatnot. You're uncompetitive. And
(17:32):
he's not wrong. And again the arrogance, and you take again,
take a look at all of these people that are
sitting at the table at the photo ops almost all
nine plus neither built anything nor created anything, Socialists from
(17:53):
the get go, still all this this crap. Okay, again
encouraging Europe to change away. I don't know if they will,
but at some point in time, I mean, I am
(18:15):
going after our allies and our are they are they
really are allies and friends. They don't listen. They laugh,
Donald Trump, what are you doing? Why why are you
buying all this? Uh uh? Now? Why are you buying
all this gas and oil from Russia? And then we
got to defend you, and the Germans laughing at him
(18:35):
when he was giving that speech. Yeah, how do you
like me? Now? How do you like me? Now? We're
faltering economy, okay, disaster taking place over there. You're wrong
on everything, and we were right on everything. Again. We'll see,
(18:57):
we'll see what happens. But I quite frankly, I had
much in this whole transom. I had much rather end
of war than stage a photo op Watchdog on Wall
Street dot Com mhm
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I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.