Watchdog on Wall Street: Podcast for Weekend of February 22 - February 23 2025

Stock Market Cappuccino Holding and Folding. OUCH!! Record Credit Card Debt! How We Built Markowski Investments. FAFO Markowski Style. Another Victim of the Watchdog Deadpool. The World is a Vampire! Trump Needs To Wary of Republicans. Nobody Should have Job Security! Mainstream Media Hits New Low. Boeing Is a Lost Cause! Vance Takes Europe to The Woodshed! Germany Brings Back the Stasi!

Episode Transcript

Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, analyst, trader
Chris Markowski is the watch Dog Wall Street? Do you
want to answer 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 (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 (00:35):
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 (00:45):
All right, let's rock this thing. We're talking holding and
folding and market froth and the markets hate uncertainty and
everything that's being thrown at you at this point in time. Anyway,
welcome everybody, as always honored to be in front of
the microphone. Here twenty five years running, the Watchdog on

(01:07):
Wall Street Show got made a proud probably the longest
running financial program in the country, and quite frankly, we've
had the staying power simply because we don't We don't
be as anybody. We're not here to sell you anything,
We're not here to pitch you on anything. We're here
to dispel conventional wisdom, which is poison. And the narratives

(01:32):
of the day. Well, I want to start off today
because you're starting to see many stories talking about and
I love how they make the comparisons. Is the market
getting frothy? I always a cappuccino market, A lot of
froth on top, long bill market, A lot of froth

(01:53):
out there. And then you start hearing the others out
there talking about, well, you know Trump's woman. Very quickly,
we got these tariffs, and tariffs gonna be inflationary, which
is not true. Okay, Inflation is a monetary issue. It's
not a terriff issue. We'll talk about that a little
bit later. And you get this bit you heard this before.

(02:16):
The markets stock markets hate uncertainty. Yeah, that's the biggest
load of bunk going. Uncertainty is actually what makes a market.
So a lot of what's being thrown at you at
this point in time is absolutely ridiculous froth. Let me

(02:36):
tell you something. There is always there's always froth in
the market. There was froth and various markets during the
Great Recession when things were overpriced and overvalued. How do
you go about dealing with market froth? And this is
something we've tried very very hard over the years to

(02:57):
get across to people there is nothing wrong with taking
a profit. We have for the past during bull markets.
You know how much if you understand how much selling
we're doing at Markowski Investments during bull markets, during run

(03:20):
ups in certain areas, whether it be the tech sector,
magnificent set, whatever it may be, companies that have done
very very well by us, we're selling not the entire position,
but a little bit here and there, trimming it down
to size. This is what you need to do to

(03:45):
be successful. You need to be able to say, hey,
we've done well in this. This position has become outsized
in our overall portfolio. So we're going to rotate some
assets out of this and move it into areas solid
companies that aren't as quote end quote frothy. It really

(04:09):
is that simple, but it's something quite frankly that people
just can't get their arms around. One of the things
that we send my Markowski Investments Financial Independence Top twenty.
When stock markets, when positions go through the roof, you
get nervous. That's so much nervous. I mean, it's a

(04:32):
wrong word. It's what I used at the time, but
you become more cautious and understanding that, hey, you know what,
things could go in the opposite direction. You see one
of the things, one of the things that I think
people when you asked this, you know, how come you guys,
you know, have been so successful in managing money do

(04:53):
what you do. It's because I understand and I comprehend
that I don't know what I don't know. Well, something
can happen somewhere, and all bets are off can go
in the opposite direction. Written columns about this, even blue
chips die. We're gonna talk a little bit about the
technology that Microsoft announced this past week, which is quite

(05:16):
frankly extraordinary. I may be absolutely in love with a company.
I think the fundamentals is sound, everything is great, and
it's been doing well. But as that position becomes oversized,
we will trim it. We're not gonna sell the entire thing,
but we are going to rotate assets. Why because it's

(05:39):
the smart thing to do. As these things get higher
and higher and higher and the valuations become a little
bit more I would say obscure or ob seeing, whatever
you want to call it. I don't care how much
you love that company. You need to rotate assets. Things

(06:01):
can go in the opposite direction. Again, we love to
discuss risk. It's so important. Again, people don't understand this.
You cannot You must not let risk lead to ruin.
And I don't care what they're cheerleading and what the
you know, the seals or they're all clapping on CNBC

(06:22):
or these other things. What they're cheering things up. That's
all well and good. But if you want to survive
long term, you want to build wealth over time, you
need to be prudent. You need to be able to
trim positions. And I want to talk a little bit

(06:43):
about this uncertainty bit out there. Markets hate uncertainty. Don't
know what direction of markets are gonna go. Okay, first
and foremost, what do you think makes up a market?
Uncertainty makes up a market? And guess what, Okay, I

(07:03):
am not certain about anything. They say there're two things
in life, you're death and taxes. Okay, they're gonna be
certain about. That's what makes us really good at what
we do is we're not arrogant enough to say, hey,
I know everything. I am one hundred percent sure. I
am one hundred percent that this stock is to the mood.

(07:25):
Alice is just gonna keep going. No, being able to
tread cautiously based upon that is what makes one successful,
not just with your portfolio, but when you're running a
business as well, and we'll talk about that a little
bit later on in the program. Also, markets hate uncertainty. Now, okay,

(07:49):
for every everyone out there, everyone out there, for every sport,
for every position that you own, you want to sell it.
You are not going to a casino window. Again, it's
amazing to people. This is how sometimes people think you're
not trading in. It's not a chip. It's not a
casino chip that you're trading in and getting your money.

(08:11):
If you are selling a position or part of a position,
guess who's on the other side of that a buyer.
So where you are taking a profity you are selling,
there's a buyer. So there's uncertainty always present in markets.
So when you see these people on TV, these know

(08:33):
it alls, I give you a stute statement. I'm a
real smart Wall Street guy. Yeah, you know, there's a
lot of uncertainty out there, and the markets hate uncertainty. Markets. Wow,
markets don't. A market is what it is, Okay, It's
not a matter of liking or disliking Okay, it's inocu.

(08:55):
It doesn't have an opinion. Okay, markets don't have an opinion.
They are what they are. And as they throw this
stuff out there and again it's it's all, you know,
part of the conspiracy, quite frankly, to keep people poor
and stupid. Yeah, that's not my line. That's Donald Luskin's line,

(09:17):
going all the way back to the nineteen nineties, and
I've choosed it before. It's a genius. I want to
talk a little bit about something else. I want to
talk again about speculation, holding and folding. I want to
be very very clear here. Okay, there's nothing wrong. There's

(09:38):
nothing wrong in speculating on an idea. I do it. Okay,
certain clients of ours do it. But I want to
be very very clear. I want to be very very
clear when we are. When I speculate on something, I'm
going into that idea, what it may be with the

(10:03):
I'm automatically assuming that I've lost my money on that.
Why would you do it then? Again, because then by
automatically assuming that I am going to lose money on
that investment, obviously I'm gonna limit how much I'm taking
a flyer on it. This is what people. Again, my aunt.

(10:25):
I always use my aunt as my late aunt. I
loved her my godmother. It's great. It was like a
second mom to me. And I used to tease her
all the time. She used to like to go to
a casino from time to time, and I never understood that.
But again, she's very, very prudent. That was her entertainment money.
She'd go to a casino and she'd say, hey, you

(10:45):
know what, I'm not gonna you know, I'm gonna spend
two hundred dollars. Okay, either I'm gonna win or I'm
gonna lose, but I'm not going above that two hundred dollars.
So if I'm gonna speculate on something, I say, you
know what, this is what I'm willing to lose on this,
and it's not gonna bother me. And if it works out, fantastic, great.

(11:08):
But I'm watching all of these people out there that
are speculating on these one day options and cryptocurrencies that
are made up out of thin air because someone online
talked about it touted it. Listen. Okay, if David Portnoy

(11:33):
wants to get behind a certain cryptocurrency, first and foremost
before you have heard about it. He's already in it,
and more than likely by the time you're getting in it,
he's selling it. On top of the fact that he's
only putting money in there that he can afford to lose.

(11:54):
Everyone is in a different situation. He's a guy who
gambles on sporting events one hundreds of thous thousands of dollars.
If he loses, yeah, he makes a video on it.
But again he doesn't care. He can afford to lose that.
It's not going to change anything. It's his play money.
That's what speculative money is. And most people, quite frankly,

(12:18):
they can't get their arms around that. You can't get
tied up. You may think that this is the greatest idea,
and this is one of the things people do too.
They do their homework on something, they do their homework
on and they think they found something, and they get
emotionally attached to certain companies and certain investments. They almost

(12:41):
become like children to them. For crying out loud. And again,
we have this happen all the time, people transferring their
accounts in from all of these firms, and you know,
I'm trying to explain to them, all right, this is
what you got a grid of. But but, but, and
they start giving us the various different butt monkeys. I'm like, no,
now that this doesn't work. Okay, you hold on the

(13:06):
positions into portfolios that are losers, and you think that
there's gonna be some false hope that they're gonna come back.
For crying out, Loue, you have this rooting for the
underdog mentality. That's nonsensical. It really is. Again, the funny
thing is nothing changes. I wrote a piece about this
back in two thousand and one entitled Holding and Folding,

(13:31):
and again at the time, I'm trying to clean up
portfolios leftover from the dot com collapse and trying to
get people to do the right thing. And the reality
is every metric out there, every study out there, shows
that investors, just on thee they do really dumb things
with their portfolio. A guy that I talked about, Terrence Odine,

(13:54):
years and years and years ago, conductive research listen right
around this time two thousand and one, talking about he
examined ten thousand portfolios. These are at the time we're
at discount houses. Obviously, before all the apps, investors were
one and a half times more likely to sell winners
than losers, and the stocks that they sold before better

(14:20):
than the ones that they held. This happens all the time.
I go back and I take a look at accounts
that are coming in, and people sometimes on margin brow buying,
borrowing money to buy into companies getting margin calls. Then
they're selling their high quality stuff to buy more of
the junk. People. There's a right way of doing things

(14:41):
and a wrong way of doing things. Okay, that's two ways,
two ways. You think that there's a million different ways. No, no, no, no,
do it the right way build wealth over time, work
within certain rules and para rules of the road that

(15:01):
we've gone over here on the program again and again
and again. Listen, people, I invite you, okay, and every
single week I do this, and it doesn't matter where
you are. That separates us from everybody else. Get the
help you need. Sign up for our personal CFO program,
sign up for our podcast, our newsletter, all sorts of

(15:24):
great stuff. Get to our website Watchdog on Wallstreet dot com.
That's Watchdog on Wallstreet dot com. Or give us a
call eight hundred four seven to one fifty nine eighty four.

Speaker 1 (15:51):
The only man who is taking on the Wall Street establishment.
You're listening to The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (16:02):
All right, welcome back. I gotta again, I gotta go
off on a bit of a rant here, and I'm
gonna be a bit of a nag and I'm gonna lecture,
so just be prepared. Okay, this is again, this is
not for everybody. This is not applicable to everyone out there,
but again I try my best here on the program

(16:22):
program is all about is building wealth for everyone. And
it's sad. It's sad, but quite frankly, there's many people
that call us sign up for a personal CFO program,
want to start putting money away and doing the right thing.

(16:43):
But I can't help them. I can't help them, at
least not in the way i'd like to help them.
We have found over the years that again we not
just managing people's money. Taxes is a state work, all
the family office type stuff. We actually, in essence, counsel

(17:07):
people on getting themselves out of debt because I can't
do anything for you, really anything for you, unless you
take the first steps, which is getting yourself out of debt.
I got listen, I'm not talking about you know, your
your car loans and your your mortgage on your house.

(17:28):
I'm talking about people that are coming in with tens
of thousands of dollars contacting us with in credit card
debt twenty twenty percent more in interest rates. It's insane,
the number and the reason why I bring this up again. Okay,
this past week credit card debt record one point one
seven trillion dollars nationally, one point one seven trillion dollars.

(17:52):
It's funny you read this column, you go, oh, the
Federal the Federal Reserve says that the consumer balance sheet
is in good shape. Are you on drugs? Are you
kidding me? Listen? Okay, I'm not a trust fund kid. Okay.
I've busted my butt my entire life, and for a

(18:15):
portion of my life, I was living paycheck to paycheck
like many Americans are living paycheck to paycheck. You can't
live paycheck to paycheck and have credit card debt. I've
equated this before to swimming. Okay. If you're treading water, okay,

(18:35):
which is paycheck to paycheck, you're treading every day, you're
busting your butt keeping your head above water, but you're
swimming towards something. You're trying to build, you're gaining skills,
you're putting money away, so eventually you're not gonna be
treading water anymore. Well, if you're treading water and you're
carrying a brick, you're not gonna get very far. Try

(18:57):
it sometime, okay, physically, try it sometime, because it's the
same darn thing.

Speaker 1 (19:06):
Uh.

Speaker 4 (19:07):
I'm sorry people. Okay, enough's enough. Okay, I'm not Mary
Poppins again. No spoonful of sugar to make the medicine
go down here on this program, you have to do
everything in your power to get out from underneath credit
card debt. Everything, Okay, cancel the streaming services, you have
to save every time, you have to work extra hours,

(19:27):
you have to work weekends. You are in a dire situation.
You do understand what that type of interest is compounded
over time. It's no good. And the funny thing is,
I've seen it all the people coming into my office
with the fancy cars and the watches, members of the club,

(19:49):
and the boat, but also sixty seventy eighty thousand dollars
in credit card debt. I know it's gonna happen unless
they change their ways and do the right thing. Sell
a boat, no no member to call. Pay this down.
You're gonna wreck your family, Okay, is what it's gonna do.
You have to get yourself out from underneath this. Okay,

(20:10):
everything and anything for crying out loud people, it's you
have to take these steps. If you do, it's liberating.
You're gonna be free. Don't let your stuff own you.
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot com again,
our personal CFO program, our podcast, our newsletter, Watchdog on

(20:32):
Wallstreet dot com, or give us a call eight hundred
four seven one fifty nine eighty four.

Speaker 1 (20:38):
You're listening to the watch Dog on Wall Street. You

(21:00):
should believe in math, not magic. You're listening to the
Watchdog in Wall Street with Chris Markowski.

Speaker 4 (21:07):
Every every single time I've brought this topic up over
the years, because again I again, I will counsel people.
I will tell them what they need to do if
they're in this situation. The unfortunate thing is is that
more often than not, people don't want to listen. They

(21:29):
don't want to listen. There's this thing that's it's pride ego. Well,
what if my neighbors see that we're not a member
of the club, or we had to sell our boat
or whatever it may be. What are they going to think?

Speaker 2 (21:42):
Oh no?

Speaker 4 (21:43):
And then you got social media. I got to keep
up with the Joneses on social media. Make sure that
we're up and up with everybody else. What rule number
nine on Markowski investments financial independence. You have more money
than your neighbors and they don't have a clue. People

(22:03):
listen and again, I get it. Okay, a credit card
sometimes an emergency. Okay, you have to use a credit card.
And I've used this example. Let's say you're a carpenter
and somebody steals your tools and you need to go
out and buy new tools, and you don't have the
money because can you work in paycheck to paycheck? Yeah,
you've got to go ahead and do that. But you
know what you got to do is you got to
pay that down as quickly as possible. We happen to

(22:28):
be pretty damn good at what we do. Well, let
me tell you something that I'm not capable of doing. Okay,
you're paying an average of twenty five percent on your
credit cards. You think that I'm going to show a
higher rate of return than twenty five percent year in,
year out? Anybody who tells you they're going to do
that is a liar, meaning you are now you're not

(22:50):
taking you're taking one step forward trying to save, and
taking five steps backwards. You can't do things this way.
And again I say, I don't mean to be harsh. Yeah,
I kind of do. I kind of do, because again,
at some point in time, you have to take ownership

(23:11):
of your life. You have to take ownership of your situation.
You can't look to blame others. You want to become
an adult personal responsibility. You got yourself tens of thousands
of dollars in credit card debt, you know, and for
whatever reason it may be, you can blame this one.
You can blame that one. How about doing this, taking

(23:33):
the finger and pointing it at yourself and getting yourself
out of the damn situation you put yourself in and
start building wealth for your family, build generational wealth because
you can. You can as long as you put pride away.
I have to have this, I have to wear this,
I have to look like this. You know, that's all

(23:55):
well and good when you can afford it, when you
get to that point time and you can actually pay
for it. I was gonna play and I played it
before on the program We just don't have time. Got
too many things over to Steve Martin skin google it
for Crying out Loud Saturnight Live about saving money, not

(24:16):
buying things that you can't afford. The whole joke was
is that they were advertising a book that was three
pages long, because it's that simple. For crying out Loud.
Dave Ramsey has made a career on radio doing the
same show every day. It's not that difficult. Again, people,

(24:39):
I take a look at these numbers and again it yeah,
it makes me distraught. It does because again, you're wasting
your god given talent, You're wasting your abilities, chasing your tail.
Stop chasing your tail, make the sacrifices that you need
to do and get it under control. I gotta move

(25:01):
on here. I got to talk a little bit about this.
I have to do a podcast on it this past week.
A lot of interesting conversations I have because again it's
great and actually my my son helped me put this together.
We've got our vlog, I video all of our podcasts
and they go up on YouTube and various different social

(25:21):
media spots, and more and more younger people are listening
to this show, and I get a lot of great,
great questions from kids in college about my industry, my business,
how I built my business, how we got started, how
we got to this point. Again, it's it's interesting, this

(25:46):
is what I do in the financial service into what
we are here at Markowski Investments. It is unique. We
are very much different than everybody else that's out there.
First and foremost. There are other great investment advisory firms
around the country, but I don't know of any that

(26:10):
do what we do in essence helping everybody out. The
ones that are at the highest level, like ourselves, they
have velvet ropes out front. You gotta have five million,
you've got to have ten million. You've got to have
a certain amount of money or they're not going to
let you in the front door. And that idea, in

(26:31):
of itself, that niche that we looked to serve, has
differentiated us and helped us to build what we have
built today. It's allowed us to have this radio show
for twenty five years and all the things that we've done.
You know, I'm gonna take a I'm gonna get into
this a little bit more. We're gonna take quick break
right here. Watchdog on wallstreet dot com again is our site,

(26:53):
Watchdog on wallstreet dot com. Get there, take advantage of
all the great stuff that we have. Okay, whether it
be what again, our personal c FO program, working with us,
our accountants, our lawyers, everything is available to you Watchdog
on wallstreet dot com or give us a call eight
hundred four seven one.

Speaker 1 (27:14):
Eighty four, bringing America financial freedom, one listener at a time.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (27:38):
I need a little opportunity, we said every week here
on the program. Every everything in life that has meaning,
value and worth involves work, time and effort. How How
did we build Markowski Investments? How did my brothers and
I build this firm? Brick by brick, brick by brick,

(28:02):
little by little, not looking, not looking for any sort
of shortcuts. And again it's some advice. Okay. People are
going to offer you, they're going to present to you shortcuts.
Avoid them. Avoid the shortcuts. People might you might have
a great idea of great business, whatever it may be,

(28:24):
and someone will say, ah, yeah, look we're gonna be
an investor. We got a venture capital money. No no no, no,
no no no no no no no, avoid all of that. Again,
be careful, be prudent with your dollars. Okay, don't go
hiring people too early. Oh, the consultants will tell you this,

(28:46):
and this one says that no, no, no, no, no, no,
no no no, bust your button seven days a week. Okay,
Because again I'm just telling people what it takes, what
it takes. Again, Oftentimes people look at successful business owners
and they don't They have no comprehension of the backstory.

(29:10):
They don't because the reality is, most most entrepreneurs out there,
they didn't inherit. Their business just didn't work that way.
They built it and you have no idea what it's
like unless you've done it before. You want to be
an entrepreneur, well, guess what you're you and you're never
truly on vacation. Never, It's with you all the time. Again.

(29:37):
But that's choice. That's a choice that you need to make.
You got to you gotta know, you know the old Socrates.
You've gotta know thyself and what you really want out
of life. Again, I'm talking about this with my children now.
It's like I talk about it with you. What do
you really want in life? Prior to Markowski, investments, I'm

(30:02):
working on Wall Street, and I learned quickly what I
didn't want to do. I didn't want to be and
I didn't even have a family at the time, but
I knew I wanted a family. I knew I wanted children.
I didn't want to be out late at night entertaining
people doing that, and now I didn't want any part
of that. Not to mention the fact I didn't like

(30:23):
the culture, I wasn't me at all. I didn't let you go. No, No,
this guy's a piker, he's too small. We're not dealing
with them. I saw. I learned quickly. Okay, was I
shocked by everything? Absolutely? Was I extraordinarily naive? Got birth
by for absolutely? But I understood. I said, you know,

(30:45):
I want to be able to structure my life and
my firm based upon my value set, and I'm not
going to compromise that. And again, I'm lucky enough that,
you know, wouldn't have been able to pull this off
with out my brothers, people who are like minded. Even
though we're all Mike and Matt and I are both,

(31:05):
we're all completely different in regards to our talents and
abilities and what we bring to the table. But that's
that's a strength too. Again, I'm not even done with
this show. I got so much we've gotta go over
on the program today. Watchdog on Wallstreet dot Com. Watchdog
on wallstreet dot com is our site again, personal CFO program, podcast, newsletter,

(31:28):
all sorts of great stuff. Watchdog on wallstreet dot Com.
We'll be back.

Speaker 1 (31:39):
Chris Markowski is the watchdog of Wall storms, Wall Streets, liars,

(32:01):
crooks and cheets out behind the woodshed. You're listening to
the Watchdog on Wall Streets.

Speaker 4 (32:12):
Welcome back of it. My uh, my industry, well, what
I do managing individuals money, it's it's it's shrinking rapidly.
A lot of people, a lot of the older advisors
are retiring. Unfortunately, I'm disappointed in many offices and firms

(32:35):
that I had great deal of respect of because they're
just selling out right now to the the highest bidder.
Oftentimes it's private equity companies, venture capital companies out there
that that quite fully frankly, they don't care. They're going
to end up churning and burning these offices. It's going
to turn into an absolute disaster. And I know this
based upon the multiples uh that are being paid for

(32:58):
these that they're they're obscene at this point in time,
we through this show, through this show, what we've done
over there is the appearances that I make, the newsletter,
the columns, that's how we's how we built, how we
built our firm again, brick by brick by brick, client

(33:20):
by client, and you get the feel you listen to
this show, you're going to understand who we are, what
we're all about, and what what's been great because of
this is the type of people that we have as clients,
people who think the same way. These are family first people,

(33:42):
These are you know, business owners, people that have their
priorities straight. That that niche has been fantastic and again
it makes it makes our lives much much easier at
Markowski Investments when you have these types of people as clientlience,
and it's great the interactions that we have, what we

(34:05):
can learn from our clients and obviously what we're providing
and bringing to the table for them. But again, if
this is something that you want to do, and again
it's not just in our industry but in any business,
understand the sacrifices that you're going to have to make

(34:25):
and be willing to make them. Again, it's some things
that I've learned over the years, because again we've made
a ton of mistakes, a ton of mistakes. You're gonna
make mistakes. That's just part of owning a business. I've again,
over the years, I've learned that I work too damn much.

(34:47):
My wife beats me over the head with this. I
do need to take more time off. Eight is important.
It's important that you refresh your brain from time to time.
And again, you're never fully on vacation. You've got to
bring some stuff with you, but you need to do that.
Things that I've learned as well, don't waste time at

(35:08):
nonsensical conferences and whatnot. But at least when I went
to those conferences, I bring the wife and the kids,
and my parents and sometimes my in law, all sorts
of stuff. We turn into a family vacation. You know,
another thing kind of like holding and folding, understanding that, hey,
you may try something, may try a marketing endeavor, whatever

(35:31):
it may be, but you know what you have to
know when to cut bait, so to speak, and get
out of a situation. You also have to understand that
you know what fire. Firing lazy people is not a
bad thing. It's something you're it's the best thing you're
doing not only for your company, but you're doing for
them and saying, hey, listen, uh, this is a lesson
to you. Okay. I only want people working for our

(35:54):
firm that are going to treat our firm like it's
their firm. Let's explain this again and again again. Any
job that you take in life, any job, I don't
care what it. Maybe you're flipping burgers, you're making coffee,
you're cleaning toil. Does it make any difference? You know
what I've done all of those things. I'm gonna do
those jobs. I'm gonna take on those endeavors and treat

(36:15):
them the same way it was if it was my business.
Another thing, another thing. I did a podcast on it
this past week. It's a it's a new acronym that's
being used. I think Trump started it. Fa fo. Yeah.
I obviously can't say what the acronym means here on air.

(36:38):
Look it up if you don't know what it is. Yeah,
fa fo. Markowski Investments style. We don't tolerate nonsense here
from people. We just don't. I tell you a quick story.
This is probably about seven years ago, maybe in and

(37:01):
around there. Contacted this guy wanted to retire, wanted us
to take over. His firm was on Long Islands and
Garden City, Long Island, and nice enough guy, but he's
telling me, telling me, listen, Okay, you need to be
in the office here. You need to be physically in
the office at least a few days a week because
you know, clients like to come in and they like

(37:23):
to yell and scream and complain about various different things,
and you kind of have to have to be there
and take that. And I said, what, well, I'm going
to be some sort of punching bank for people that
don't understand what the markets are and how they go
about working. Are you out of your mind?

Speaker 1 (37:42):
Now?

Speaker 4 (37:42):
We don't tolerate any of that nonsense, because you know,
you know, you can see the door right there. Okay,
get out. I don't tolerate. We don't, we don't have clients,
we don't. For what I'm able to, We're able to
weed that out out right away. Okay again, I'm not

(38:03):
out at golf clubs. I don't even know how to
play golf. I'm not I'm not cruising country clubs and
kissing buttocks to gain business. You're working with us, You're
lucky enough that that's how we do it. We are
going to do the best possible job by you. I'm
not here to entertain you. I'm not here to kiss

(38:24):
people's but I don't have the time. I've got children,
I've got a family. This is not an entertainment business.
Sure time to go out to dinner at some point
in time. Show me don't need any of that. I
don't need a fancy office with artwork there to impress people.
That's not who we are. And if you need that,

(38:47):
go find that. You're not gonna find it here at
Markowski Investments. It's not how we operate. All that other stuff.
Other stuff is noise. And again, this is how I say,
how we built Markowski Investments. This is how we built it.

(39:09):
Not gonna change a darn thing for anyone anyway. Watchdog
on Wallstreet dot Com. Watchdog on Wallstreet dot Com again,
become a part of our family at Markowski Investments. Get
their personal CFO program. Sign up for that podcast kids
Busting My Tail on that and it's growing like gangbusters.

(39:29):
Subscribe to it helps me with the algorithms, you say,
Watchdog on Wallstreet dot com We'll be back well.

Speaker 1 (39:48):
No One author, investment banker, consumer advocates, analyst, trainer, Chris Markowski.
He's the watchdog on Wall streets. Expose 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 (40:09):
You can't handle the truth.

Speaker 1 (40:10):
Truth bringing America the truth about what really happens in
the financial world.

Speaker 3 (40:16):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.

Speaker 1 (40:21):
This is the watchdog on Wall Streets.

Speaker 4 (40:26):
Yeah. I know I've talked about this, and I'm gonna
have to keep talking about this. What what what am
I supposed to do? Honestly? But I know I know
that something wicked this way comes. I know how this
is going to turn out Again. I can use that
line from Jurassic Park. Uh, sure, what is it?

Speaker 2 (40:49):
Sure? Is?

Speaker 4 (40:49):
Sure? Is? I hate being right all the darn time,
because again, we're right on all of these things, and
when we're right, people get hurt. We've had quite the
record in calling calamities over the past few decades. Longtime listeners,
is program know this, whether it be en ron Okay,

(41:13):
I think we were one of two or three people
that called that out, one or two three people that
saw that it was absolute BS told everybody what was
going to happen with the dot COM's, what inevitably was
going to be happened again against against the conventional wisdom
of the day. We're jumping up and down two thousand
and five, two thousand and six, two thousand and seven,

(41:35):
warning people about what's going to happen with real estate
here in this country. And listen, I'm not doing this
again to make myself feel good and say, oh, look
at me, I'm not spiking the football. Okay. The reason
why I feel the need to relay this to you
is I see another major problem on the horizon, and

(42:02):
it's getting ugly. Every pop up on the Wall Street
journal and financial sites out there is now alternative investments
and private equity and venture capital and finding ways to
get the general public involved in these wonderful opportunities. We

(42:24):
called this here on the program. It's called demonic musical chairs. Okay,
they've basically laddered their investments up to a level that
is patently absurd. Okay, ninety nine percent of them, Okay,
that that's basically it. Yeah, you can, I can. I'm searching,
and we're looking right now for some good opportunities there.

(42:48):
But I'm telling you right now, the things that we're seeing,
it's about one percent out of everything that's out there.
One percent out of all these venture capital funds, all
these alternative things is worthwhile. That's how much crap is
out there. And I'm watching what they're doing. Okay. What's
interesting is they're now they they're they're changing the word. Okay,

(43:10):
they used to call it the debt markets. Okay, when
when when a company borrowed money? Okay, it used to
be called debt. You know what they're calling it now?
Credit sounds better, Oh, to the asset, we're gonna call
it credit. Let's not call it debt because we're able
to sell it to people. And you know what, the

(43:33):
word credit, I've talked about this before. Credit comes from
the Latin word Credira means to what believe. I don't
believe in any of this stuff that's going on right now.
It's black box. And I'm gonna give you an example.
Something that happened to us this week, and it's again

(43:55):
happens all the time. So I get this fancy pan
letter from an ivy leaguer and another professor from MIT
telling me that they've put together this group. This is
we put together this group and we want to buy you.
We want to talk to you about you know, your
succession planning when we like to purchase you. And these

(44:19):
are the These are various different venture capital companies that
have backed us. And again I I buy it to
bite my inner, you know, cheek there or my lip,
because I get really kind of ticked off. I'm like,
who the hell do these people think that they are

(44:41):
That they're just get the it's going to buy my
firm and my clients, and they think that they're going
to be able to run it or manage it. And
I'm like, oh, yes, we've got this experience. What experience? What?
Because you taught in college? Hey, I want to mind everybody.
Another big scam, remember long term capital management? Oh yes, ah,

(45:06):
we're gonna put together all of these Nobel Prize winners
and PhDs and economics there. Then they're gonna create this
wonderful hedge fund because they're so smart. For crying out loud,
that was the major baillout that had to be taken
because of that, the problems that they caused, what they
almost took down the world's financial system, but to a

(45:28):
Nobel Prize winning PhDs. And I'm like, these sobs think
that they're gonna they can, We're gonna purchase Markowskiv be
able to run it. No, that's not what they're there
to do. They don't give it. Damn. Okay, it's Churnam
and Burnham baby that line from movie Wall Street. Turn
them and Burnham baby. We're not fund managers here. All

(45:52):
they're looking to do. Okay. All they're looking to do
is to drive up the value of companies. And again,
what they want to pay us for this firm s obscene.
It's obscene. Okay, now listen. Okay, if I was running,
if it was a pizza parlor, Okay, if it was

(46:14):
a pizza parlor and somebody wanted to pay me an
obscene amount of money for a pizza parlor, okay, hot
about it. Okay, no big deal, it goes out of business, acts,
it's just a pizza parlor. This is a damn profession.
For crying out loud. I am responsible. I am responsible
for people's lives, Okay, their finances, their money, This is

(46:40):
a it is a sacred okay to us here in
this industry. Doctor, lawyer, money man, accountant, all of these things. Lawyer,
this is a certain level, be above and beyond. And
they don't care. They just don't care. And again, shame

(47:07):
shame on all of you advisors out there that are
you know, gonna Steve Miller this thing and take the
money and run. Shame on you, because I'm sorry, you
can convince yourself, Okay, I get it. Champagne wishes and
caviar dreams. You never thought you'd see a ten, twelve,

(47:29):
thirteen times multiple okay, obscene numbers. Never thought you'd see that.
And you're looking at the dollar signs. How about taking
how about taking a look at your clients. You want
to you want to convince yourself. You're gonna lie to
yourself and tell you that these private equity companies, these
companies are gonna do the right thing by your people
that put their trust in you. You're gonna you're gonna

(47:51):
go to your clients and tell them that you're gonna
tell them that everything is gonna be okay. Shame on you, man,
shame again. That's where we're at right now. And then
the multiples are ridiculous. You know what, why why do
you think? Why do you why do you think private
equity is looking to get involved in sports franchises? I
saw right now the New York Giants, my my team. Okay, uh,

(48:16):
they're looking to sell private equity. Why it's all black
box stuff. They put whatever valuation on things that they choose.
It's gross anyway, you know what, We're gonna talk a
little bit about being right, Markowski Investments Deadpool. Uh yeah

(48:41):
again the well Deadpool that there's been three of those
movies and originally I think he got the name Deadpool
because at a bar that he hung out at they
actually had a Deadpool. It's kind of this morbid thing.
Howard Stern used to do it on his program back
in the day, where you're picking people that you think
are going to die. Well, we have a bit of

(49:02):
a Markowski Investments Deadpool, Watchdog on Wall Street Deadpool. We
tell you companies that are going to die. And I
get flack from this, believe it or not, I do
when companies go under. And this is going this is
going back to my infancy stages. I are people yelling

(49:24):
at me saying because of me, and Ron went under.
Oh like yeah, yeah, I have that type of power.

Speaker 2 (49:32):
Sure.

Speaker 4 (49:33):
Oh how many things that we've called the collapses and
people getting mad at me about the real estate collapse?
Are you egged on? Markowski? You were talking about that
on your show. You didn't help matters. I didn't help matters. Okay.
It's like me saying, oh gee whiz, I'm predicting rain
for crying out loud, and it rains and it's my fault. Listen,

(49:57):
we see things again because we look at things from
a reality base, not from a sales point based, not
from trying to get some sort of advertisers like they
do on Business TV CNBC. And like another company, I
laughed this past week that we warned everybody about and
again I caught hell on this one too. This was

(50:19):
part of the Disruptor companies. Yay disruptors. This was during COVID,
during COVID, and for whatever reason it may be, I
remember this vividly, remember this vividly. I thank god. Okay,
so I was living on Long Island. Thank god I
put a gym in prior to COVID in our house

(50:40):
because everything was shut down, so you know, I'd be
working out in our home gym. And you know, I
have CNBC on and they're touting this company, touting this company,
having all these analysts on Nicola. Oh wow, look at this.
It had a valuation. Okay, Nicole of this this again,

(51:01):
it was another electric car company, said they had some
hydrogen based thing going as well. They had a higher
multiple than Ford than Ford, and it hadn't sold one car,
didn't sell one car. General Motors, Oh yes, Mary bearra oh,

(51:24):
she touted the technology General Motors invested in this piece
of junk. The guy ended a first CEO. The company
ended up getting caught. They ran a promo video that
showed the car moving. It actually was gravity moving the car.
They had the thing rolling down a hill. I'm not
making this up. How in the world does General Motors

(51:44):
get fooled on something like this? Now, well, Mary Bear
is not a very good CEO. Quite frankly, you know,
her consultants said, well, you gotta get involved in this.
This is what's going right now. Hype pipe pipe. Again,
she listened to her McKinsey advisors or Wall Street advisors,
And again that's her fault. She didn't have to take
their advice. We called this declared bankruptcy. Again, we knew

(52:10):
it was going to declare bankruptcy. It wasn't a matter
of if, it was a matter of when. This is
the same type of stuff we've been calling for years.
So go back to the nineteen nineties. I could take
a look at a prospectus back then at that point
in time and say, hey, this company is going to
be out of business at this point in time, it's
going to run out of cash. This people again, you

(52:34):
have to be very careful of what's being hyped up,
what's being hyped up. I actually had one of one
of our listeners alert me to this one. I forgot
about this one. Bumble bumble.

Speaker 2 (52:46):
Yeah.

Speaker 4 (52:47):
It was the new hookup app that was put together
by one of the ladies that came from Tinder. And
the entire idea was is that I guess the women
had to initiate contact first. And oh my god, this
was being touted. It was laddered up, Oh, this is

(53:08):
going to be the first female CEO, well billionaire CEO,
youngest CEO ever. Girl Power stocks down ninety five percent.
It was a joke then and it was a joke now.
But you know what, the joke was on The joke
was on you, the people that bought in to the

(53:32):
bs that Wall Street keeps selling you. Okay, do you
understand again, I've been there, Do you understand Behind the scenes,
they're laughing at you. They're high fiving one another, saying,
look at what we just did. These people, these big firms,

(53:55):
they could care less about you. I just remember the scene.
It was just it was in the big short when uh,
the guy the Goldman sacks people thought they had they
really had sold Christian Bales character, uh, you know, a
whole whole lot of dunk. And they were like saw

(54:16):
him leave the room, and they're all high five in
one another, jumping up and down, and he was right,
he was right. And then for the longest period of
time they marked those assets not what they were actually worth,
but what they wanted him to be worth because their liars,
crooks in cheets. But you didn't think You didn't think

(54:37):
that these people knew that this valuation was absolutely ridiculous.
Of course they did, of course they did. But it
didn't matter. It didn't matter. It was cool at the time,
it was hip at the time, it was being talked
about at the time. It was a disruptor company. It
was gonna be on CNBC at the time. Let's let's

(54:58):
let's blow this bad boy up and let's sell this
stock to the investing public because they're stupid. You're a muppet,
You're a piker. I can give you all the names
that they call you. Why do you have accounts at
these firms? Do you like having your intelligence insulted? Do

(55:18):
you like being treated like dog crap? At what point
in time are you gonna wake the hell up America
and understand who you're doing business with? This is not acceptable. Okay?
All this bumble was was a sexy story and they

(55:41):
knew it, and they also knew that you would be
dumb enough to buy it. Nicola, how you to live?
List hundreds of these, thousands of these things that I've seen,
and anybody would half a bring. You don't even need
to go get a finance degree business school. You could
have owned the lemonade stand as a child and taken

(56:03):
a look at this business model and know it was garbage.
But that doesn't matter. Again, did they do anything illegal? No?

Speaker 1 (56:15):
No?

Speaker 4 (56:15):
Does it make does it make it right? No?

Speaker 1 (56:19):
No.

Speaker 4 (56:20):
It strongly suggests you work with people that didn't have
that ethical bypass at birth. Watchdog on Wallstreet dot Com.
Watchdog on Wall Street dot com is our site personal
CFO program, podcast, newsletter, all sorts of great stuff. Watchdog
on Wallstreet dot Com. We'll be back.

Speaker 1 (56:55):
This is the Watchdog on Wall Street club.

Speaker 4 (57:05):
Again. It's just going back. This is going back to
the beginning of the program. We talked about speculation. Okay, bumble,
you may have thought, okay, let's let' see if he
did this thing the right way. You may have thought that, Hey,
you know what, I think that this is a great idea.
I think that this is cool. I'm going to take

(57:26):
a flyer on this. Fine, Okay, you put money into
it that if you again, you're down ninety five percent
now on it. They're like, ah, okay, I took a
flyer on. It didn't work. It doesn't bother you. How Unfortunately,
Wall Street doesn't sell these things this way. They don't
sell them properly. Okay, understand that something is speculative. It

(57:51):
needs to be presented as such. And if it was
presented as such, it wouldn't have had the ridiculous valuation
people loaded up on this thing. You know that the
pension funds that this are in. And again I go
back to the all these electric car companies. You're on
a list of the ones that we told you you

(58:11):
got No. I just mentioned Nicola just uh declaring bankruptcy,
Lordstown Motors, Fisker, which we talked about, the Canadian bus
company that just went under Canoe. When I go one
after another after another, and again you want to know
another reason why that this was super speculative was also

(58:34):
based upon government handouts and dictats saying hey, we're going
to force people to buy these types of cars. There
is a we have here in Tampa, a big Rivian dealership,
and I do see the Rivians, you know, in and
around town. I do, but I drive by the dealership

(58:56):
and filled with these uh Rivian trucks they've got there.
The company's losing one hundred and seven thousand dollars for
each vehicle that it's sold. How do you get past that?
As say, as a how do you how are you
going to get how many do you have to sell?

(59:21):
Think about that, how many cars do you have? Super
expensive trucks do you have to sell before you get
in the block. But it's never ever really about that.
People and That's one of the things that you need
to understand. It's all about hype, it's all about story.

(59:43):
It's just about promoting a stock to get greater fools
to buy. Stop being a greater fool again, people, but
we are here to help again. Get to our website
Watchdog on wall dot com. Sign up all sorts of
great stuff, personal CFO program, podcast, newsletter, you name it

(01:00:07):
Watchdog on Wallstreet dot com, or give us a call
eight hundred four seven one fifty nine eighty four.

Speaker 1 (01:00:17):
You're listening to The watch Dog.

Speaker 4 (01:00:21):
On Wall Street news. The world is a vami.

Speaker 1 (01:00:34):
See the only man who is taking on the Wall
Street establishment. You're listening to The Watchdog and Wall Street
with Chris Markowski.

Speaker 4 (01:00:54):
Buck Back, welcome back. It is the Watchdog on Wall
Street show. Great song by Smashing Pumpkins and the you
know the course the song Despite all my rage, I
Am still just a rat in a cage. Great intro.

(01:01:16):
The world is a vampire. People listening to our podcast
and again we do several over the course of the day.
If you're not familiar, it's not a long form Joe
Rogan style podcast. I don't do interviews on the podcast.
I may eventually get into doing that at some point

(01:01:37):
in time, but I do usually one topic, one topic podcast,
Summer three minutes, Summer five minutes, Summer fifteen, Summer twenty
depens on various different things, and following what's going on,
what's happening right now the mainstream media, what's happening now Washington, DC,

(01:02:00):
with those everything, everything that we have ranted and raved
about here on the program going back decades, it finally
coming to the forefront. I yell and I scream here
on the program and scale and screaming about these government
expenditures waste over the years. Warned people here on the

(01:02:24):
program what it was going to do, what it was
doing to social security, what it was going to do
to our fiscal situation. Talked at great length here on
the show about the true national security concern of the
United States. We're told it's China and Russia, Iran and

(01:02:44):
Isis al Qaeda, whatever bs they're throwing at us. At
some point in time, our real concern is the fact
that we're fiscally a disaster, thirty six trillion dollars in debt. Finally,
for whatever reason it may be, something's being done about it.

(01:03:07):
Something's being done about it, and it's again trying to
get your arms around the reaction of certain people out there.
How how in the world, how could anybody be in
the right mind be against eliminating waste, fraud and abuse.

(01:03:28):
Ask yourself that question. You're watching, You're watching these silly
little marches and protests various different capitals, Washington, d C.
In front of the Kennedy Center. And again, like I said,
you know, like I said, I'm I'm angry. I'm angry

(01:03:54):
that that these parasites because I don't know what else
you would call them, you want to. I wish I
had a nicer term, because this is what these are.
These are parasites. These are these are not people that
build and create anything. His government workers that are complaining
and you're watching their little social media videos all upset

(01:04:18):
that they lost their no show job for crying out loud.
It's sexually. Somebody brought this up, you know, in the
parallels between Bernie made Off and his scandal and what's
taking place right now, what's being uncovered, and the fact
that Bernie made Off got away with his scam because

(01:04:43):
he anybody, look, yeah, he kept the securities in exchange
commission at arms length. No one ever saw his books.
We did, We didn't see his books, but I saw
his account statement, which was printed out on a matrix printer,
and automatically, my bull excrement meters started going haywire, and

(01:05:06):
I said, something's not right here. This doesn't make any sense.
But no one had access, No one was allowed to look.
His own family wasn't allowed to look. He had a
trading floor. We're not even a trading floor, a scam
floor at his office that his own family wasn't allowed
to go on. No one was allowed to see the data.
And what do you think these criminals are doing now

(01:05:26):
in Washington, DC? They're up in arms because they don't
want anybody to see the data. The bloody US Treasury
can't track four point seven trillion dollars in payments. I
could spend hours here on the program today going after

(01:05:48):
the scams and the scandals that are taking place and
where this money is being spent. Fauci signed off on
two hundred and fifty million dollars in making animals transgender?
You spent money on that? How many people listening to
this right now? Again? Like I said, despite all my rage,

(01:06:12):
still just a ratneck age. Are enraged that you pay
taxes for this, that you bust your butt morning, noon
and night. You donate to your your church, your favorite charities,
and you say to something, what I could do with
this money rather than sending it to Washington, DC to

(01:06:33):
have them just waste it? Because in and people all
this is it's one it's organized crime. It's an organized crime. Okay.
The mafia are a bunch of small time, petty crooks

(01:06:54):
compared to these people in Washington, DC, there's small time.
All of this money being funneled through Washington, d C.
Five out of the seven wealthiest zip codes in the
country are in and around Washington, d C. Take you

(01:07:16):
tell me what industries, what businesses exist in that area?
What do they build and create? There? Nothing? Their wealth.
Their wealth is built on us, on our hard earned work.
Our hard earned dollars are our toil. They're stealing from us.

(01:07:40):
Got to take a break. Watchdog on Wallstreet dot com.
Watchdog Wallstreet dot com is our site. You know, I
did my best, not dyel. I'm trying to keep my cool.
But like I said, they get me going with this
stuff will be that.

Speaker 1 (01:08:12):
You should believe in math, not magic. You're listening to
The Watchdog in Wall Street with Chris Markowski.

Speaker 4 (01:08:20):
Welcome back. Yeah, I just see that ridiculous protest they're
holding out Kennedy Center in Washington, d C. The Kennedy
Center is out of money. The Kennedy Center is out
of money. In fact, they're in debt. They're in debt
and major repairs need to be made to the building.
And do you have these liberals these mentally I get

(01:08:44):
mental disorder. Sorry, sorry again, I'm sorry that there's no excuse,
there's I'm sorry you your your ignorance is not an
excuse anymore. You know, do a little bit of homework. Okay,
you're walking around with a smartphone in your pocket and
you can do your homework. I'm going to go through you.
These are the salaries being paid the top people, some

(01:09:07):
of the top people at the Kennedy Center. The president
one point five million dollars, the c AO Chief Administrative
Officer half a million dollars, CFO four hundred and thirty
thousand dollars, the concert master four hundred and twenty two
thousand dollars, Senior vice president Development four hundred and nineteen
thousand dollars, I can go on. There's another fifty names

(01:09:28):
of people making hundreds of thousands of dollars at the
Kennedy Center. This this liberal lifestyle, this DC liberal lifestyle
is paid for by you, the taxpayer. That's how they live.
All of these USA, all of them, Anya, Okay, these

(01:09:48):
are billions and billions of dollars in grants. All of
these grants nonprofit pays them hundreds of three hund let's say,
three hundred thousand dollars or more, and they get a
married couple taking in seven hundred and fifty thousand dollars together. Oh,
free vacations. You want a free vacation in Switzerland and

(01:10:09):
Aspen the Caribbean, that's okay, go to a conference there.
Not to mention the fact you have your buddies startup
businesses where they hold conferences and then you get sent there.
Oh and then you get your speaker fees too, where
you're getting paid all sorts of money to give speeches.
This is how these people live, stealing from you. This

(01:10:35):
is one of the greatest rackets and scams ever. I've
talked about this forever. Ran Paul, Tom Coleburn, Tom Massey,
several others that have been hitting on this as well.
I just gonna make everybody aware. I'm gonna make the
President of the United States aware. This is not this
is not just a Democrat thing. This is a Republican thing.

(01:10:56):
And I'm telling you right now. Okay, the democ Rats
are flailing around. Okay, the Republicans are going to try
to shut this down because they've got their hands in
the cookie jar too. Mark my words. Watchdog on Wallstreet
dot com, Watchdog on Wallstreet dot Com. We'll be back.

Speaker 1 (01:11:21):
Chris Markowski is the Watchdog on Wall Street bringing America

(01:11:42):
financial freedom. One listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:11:51):
Now the times you here, you'll see uh yeah, people
here making fun of h yeah, I can. It's like
you can make fun of I gues asked crack jokes
about you know, the Kardashians and where they came from originally,
and people trying to figure out, you know, how how
how they get so wealthy, how they make so much money,

(01:12:13):
and people say that, hey, you know, they don't really
do anything, and I'm gonna say, no, that's not true. Okay,
that's not true. You know, they they made themselves famous
for being famous, but rather than just being famous by
being famous, they started selling stuff. They started selling stuff.

(01:12:35):
Like them, hate them whatever it may be. I'm not
a fan of the Kardashians, and you know what they
put out and what they represent in many respects, but
what you know, some of the part that they represent
and being business owners, I do have a great deal
of respect for how many people do they employ. They
had clothing lines, they got makeup lines, they got this,
they got that, They've they've built something, They've created something

(01:12:59):
out of whatever you know, was presented in the fame
that they achieved, even though that might have been through
nefarious means. Who whatever. Okay, I'm not gonna judge there.
I'm not gonna talk about that there. Compare that to Washington,
DC and the deep state people that do not build
or create anything. And again I'm gonna I know, I'm

(01:13:21):
gonna get some hate messages due to this. Nobody I'm
telling you right now, okay, because you're seeing all these
these government workers crying my dream job working for child
services and work from home, and no I don't have
any more to know what to do, and well blah blah,
shut up. Working from home. Give me a break. Okay, stop, okay,

(01:13:46):
if you were really good at what you did, guess
what really really good at what you did, they're gonna
hire you back there. There was some noise about that
I dropped file fire those people's new clear watchdogs. You
remember the nuclear watchdog that was fired under Obama. Remember

(01:14:07):
it was the guy that pretended he was a girl,
and he dressed like a girl and he has still
had a mustache and was bald and then eventually got
caught stealing luggage at the airport. Do you remember that. Well,
as it turned out, they re hired those nuclear watchdogs
that were fired. Which is fine, it's gonna happen. It's

(01:14:30):
gonna happen when you're having a deal and unravel all
of this crap that's going on. But I'm gonna say
something that it's gonna be a little bit controversial here. Okay, nobody,
nobody should have job security. I'm saying it right here,
Nobody this idea. I had a job, A govern of
course have job security. What no? No job security is

(01:14:57):
that's that's no good. And again at all levels. Hey,
I don't think there should be guaranteed contracts in Major
League Baseball. I don't think. I don't think coaches of
college football teams are basketball teams. If they do a
lousy job, they get fired, they continue to collect on
their contract. I'm a big believer that, hey, I'll Gordon

(01:15:19):
geto that you either do it right or you get
eliminated in all aspects of life. Tenure for teachers one
of the most ridiculous things I ever heard in my entire life.
Oh look at now, I got tenure. I can't be fired.
So guess what I can just I can just you know,
go half speed from now on. I don't have job security.

(01:15:42):
I own my own business for thirty plus years. If
I don't get it right, if I don't bust my ass,
if we at Markowski Investments don't do a good job,
guess what, we're going to be eliminated. That's just how
the market works. Job security government workers can be my
dream job. Now, now, okay, we're not stupid. We're not stupid.

(01:16:09):
Did you see that story about Stacy Abrams Biden. Biden
gives her two billion dollars for some startup green thing
that had one hundred dollars in revenues. Gave her two
billion dollars that these were like plot lines and the

(01:16:33):
Sopranos with Tony. I remember Tony Soprano figuring out that
he can take over UH certain housing projects and Jersey
and can get housing and urban development money to redevelop
these properties. And obviously he was going to take his
cut or the museum for UH for construction and trucking

(01:16:53):
that they were building there in Newark. That was small
potatoes compared to what these people are taking in Washington,
d C. You're giving Stacy Abrams two billion dollars. Do
you understand how much money that is?

Speaker 3 (01:17:08):
Oh?

Speaker 4 (01:17:09):
Yeah, the whole thing. Oh we're gonna We're gonna decarbonize
homes in the inner city in Atlanta. Shut up. They
actually say that stuff with a straight face. Shut up.
You know as well as I do. You're pocketing that money,
and your friends are gonna pocket that money, and they

(01:17:29):
ain't gonna do a darn thing again. You know, world
is a vampire and you're hearing me ranting and raven
about all of these things. But you should be should
be angry, should be angry, and and quite frankly, this
is rico type stuff. This is racketeering type things that

(01:17:53):
have been taking place. Yeah, Tim Burchett, guy, another kymisman,
I've got a great to respect for. He's saying right
now that he thinks he's gonna they're gonna see You're
gonna see resignations from Congress because the receipts are coming
in and they know where the money's going. This is

(01:18:14):
the concern, people, is that, you know, both both the
donkeys and elephants are gonna have a little sit down
and say, hey, listen, you know a lot of us
are going to go to jail here. Okay, let's let's
cut a deal. Let's cut a deal. Let's shut this down. Okay,
You're you're gonna I'm telling you right now, you're gonna
start seeing Republicans start to question Doge and whether or

(01:18:38):
not it's constitutional. And you're gonna see a push to
go against Trump to shut this down so they can
save their asses. Watchdog on Wallstreet dot com. Watchdog on
Wallstreet dot com Again, we're here for you. Personal CFO program, podcast, newsletter,

(01:18:58):
all sorts of great stuff. Watch Dog on Wallstreet dot
com or give us a call eight hundred four seven
one fifty nine eighty four.

Speaker 1 (01:19:10):
You're listening to the watchdog on Wall Street. Well known author,
investment banker, consumer advocate, handalyst, trainer Chris Markowski is the

(01:19:35):
watchdog on Wall Street. You want to answer 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 (01:19:48):
You can't handle the true.

Speaker 1 (01:19:50):
Truth bringing America the truth about what really happens in
the financial world.

Speaker 3 (01:19:55):
Ladies and gentlemen. We're out here to indulge in fantasy,
but in political and economic reality.

Speaker 1 (01:20:00):
This is the watchdog on Wall Stats.

Speaker 4 (01:20:06):
For about for about what now twenty I'm gonna say
a babe, about twenty two, twenty three years. That very
intro that you just heard, I've I've played and starts
off every hour the Watchdog on Wall Street show, the
countless shows that I've run over that period of time. Uh,

(01:20:29):
first first year or two. Our intro is actually the
the James Bond theme coming in with me talking over it.
But I just you know, I'm used to hearing it
for twenty some odd years. Listen to it, Listen to it.
Everything that we we put in that intro, it's almost again.

(01:20:51):
It couldn't be a more perfect intro for this program.
And you wonder why I yell and scream here, and
you can under stand a bit of my sissaphy and
battle and my frustration, everything that we've been talking about
right in front of your face, right here and now,
and you can understand that you can maybe hear it

(01:21:12):
in my voice, the urgency that I'm speaking with when
it comes to all of these things that are taking place,
and the need for each and every one of us
step up, to step up. We always talk about everyone's
got a God given ability and talent, but everybody needs

(01:21:32):
to go out there to build, create, protect, and teach.
You can't keep your mouth shut anymore when it comes
to this. I mean, if you love your family, your
kids and your grandkids, and you want to do something
about you know, allowing them to live in a world

(01:21:54):
where they can succeed beyond their wildest dreams and fail
as well, and have the type of freedom that God
has bestowed upon us. The founders of this country built
a framework with our constitution that allowed for us to
go out there and live our best lives as we

(01:22:14):
see fit again pursuit of happiness. You can't remain silent.
You can't. I had to talk a little bit before
we get into some of the foreign policy stuff that
we really need to address mainstream media. And I listened

(01:22:35):
to my intro you mainstream press. I say in the
intro there what they're trying to push on people. Just
when you think that they've hit a new low, you
can't lower the bar any further. They lower the bar.
There was a fun there was a South Park episode

(01:22:56):
about that about lowering the bar, and they were actually
making fun of Jay Aames. Cameron was going down in
one of his submarines the deepest parts of the ocean
to try to find where the bar was because we've
lowered it to such a degree. But you're taking a
look at what the media has put out this. I mean,

(01:23:17):
just this past week, Margaret running this She's a flipping acre,
said that free speech caused the Holocaust. I'm gonna say
it again, okay. An anchor, one of America's leading purveyors

(01:23:41):
of left wing Democrat propaganda, just said that free speech
caused the Holocaust, saying that actually it was. Jade Vance
was in Germany saying you're standing in a country where
free speech was weaponar to commit a genocide. And she's

(01:24:03):
allowed on air. She's allowed on air again. These people,
they make my skin crawl. Then you get Caitlyn Collins.
Caitlyn Collins actually put out a post of Luigi Mangioni's

(01:24:24):
defense fund, the website where you could donate to the
kid who killed some assassinated someone on the streets of
New York see all of an insurance company. She tweeted
out a place that you could donate to his defense fund.
This is the wallt with wall Street correspondent for CNN.

(01:24:49):
And then you get sixty minutes. Sixty minutes last week,
what a joke again and again. I used to again.
I was a bit of a I guess, maybe a
dork growing up as a kid. I liked sixty minutes.

(01:25:09):
I remember, you know, I used to wait. I used
to bartend at a really great a time restaurant in
Manhattan when I first moved to New York City after college,
and uh, once a week, once a week, Mike Wallace,
Mike Wallace would be in there, and you know he
would I talked to him at the bar Rooney. It

(01:25:34):
was it was great talking with these and you're watching
the crap that's sixty minutes is in Germany for crying
out loud. They're in Germany and they're given credence to
the Stassi, which is basically the way the German police
force works right now, thought police then running a fake

(01:25:57):
piece and government workers there losing their jobs and the
message going on it turns out to be Samantha Power
speech writer. This is the media people and you can't
trust them. But I've got to talk a little bit
about that. We've got to talk about foreign policy because
it's been something that I've railed against for years here

(01:26:18):
on the program. And without a doubt, again, you can
have disagreements here and that's okay. I have my libertarian
bent to me when it comes to our involvement in
the world. And again, I think there's a lot of
wisdom going back and taking a look at what the
founders wanted for this country, and you take a look

(01:26:40):
at how we have run the United States for most
of our history and how we completely went off the
rails after World War Two and Eisenhower. Eisenhower warned, warned
about the military industrial complex, warned about the United States

(01:27:04):
being the world policeman, warned about NATO and how we
were going to end up having to foot the entire
bill for this thing. So here you have jd Vance. Okay.
He gives his first speech in Paris talking about technology
and how Europe is screwing it up and they're making

(01:27:25):
it very, very difficult to build and create. There he
was spot on. It was right on everything he said.
Then he goes to this Munich security conference and he
tells them the truth. And just like I play in
my intro with Jessup, you can't handle the truth. They
couldn't handle it. They couldn't handle the truth. I want

(01:27:48):
to take everybody back. I want to take everybody back
to the Obama administrationbregates the Defense secretary at that point
in time under Obama. Under Obama, he also worked under
Republicans as well. In two thousand and eleven, he told

(01:28:09):
Europe he said, listen, he said, Americans are getting sick
and tired of having to pay for everything. You guys
have got to get your act together. You're going to
have to start contributing here. You're going to have to
start upping your military. And they didn't listen, didn't listen.

(01:28:31):
Obama mentioned it as well. Donald Trump Donald Trump again
first became president and said the same thing, ridiculed lies
going after our allies. They laughed at him when he
told Germany. He says, you've got the way you're handling
your energy and buying all of your energy from Russia

(01:28:51):
and shutting down your nuclear power plants. You know this
doesn't make any sense. This is a disaster. Why are
we going to defend you guys against Russia You're buying
all your energy from them. It doesn't make sense. And
they laughed at him. They had these smirks on their
faces for crying out loud. They've been wrong on everything

(01:29:14):
and they're angry. Now, Oh, do you listen to some
of the German politicians. It's just unacceptable. One of them
started to cry. The guy in charge of the Munic
conference actually cried, and a woman had to come up
and give him a hug. I'm going to quote John
Bender from The Breakfast Club in describing Europe. You're pathetic

(01:29:37):
and sad. You are pathetic and sad, and no, we
don't want to pay for your defense anymore. We don't
want to pay for it. We're sick and tired of
footing the bill. This is been multi generational theft that's

(01:30:04):
been taking place. Europe has a greater population than the
United States. The economy is not as big as the
United States, but it's certainly a hell of a lot
bigger than Russia's. Has a much greater population than Russia.
Why can't you handle this yourself? Why why are you

(01:30:25):
unable after we told you time and time again to
pay your share? Yeah, I'm I'm a side note here.
When I go out to dinner, Okay, you know the
people that I go out to dinner with, we don't
split checks. Okay, it's it's I got at this thought,
this one's got it, this time, this one's got it,

(01:30:47):
and it just it all comes out. We don't even
try to remember because we all know how we all
we're all going to treat each other fairly. To my friends, now,
we're told that use Europeans are our friends and our allies.
But their underwear is in an absolute bunch right now
because we gave them a talking to. Let me tell

(01:31:09):
you something, Okay, true friends are gonna be honest. They're
gonna be honest. They're gonna tell you the truth. And
this is not right. You see how much Canada pays.
They'll pay him close to two percent of GDP, and
for cryin out, they're the ones that are at risk

(01:31:31):
if they're big fear because they keep saying this, Well,
you know, Russia could rearm and by twenty thirty they
can invade Europe. Well, then I suggest you get to
stepping up and I suggest you start rearming because guess what,
Russia ain't gonna invade the United States. Oh yeah, I know,
I know. Oh yeah, Russia. What is about fifty sixty

(01:31:52):
miles off the coast of Alaska. Well, you think they're
gonna invade Alaska? Huh? Did? Do you think that's it?
We're not threatened. We're here to help and we want
to be willing to help. But you know what, at
some point in time, you got to help yourself. You
have to help yourself. Oh no, we want to only

(01:32:15):
work thirty hours a week and we want to have,
you know, forty days of vacation a year. That's the
European way, that's the lifestyle. Well, you know we've allowed that.
That's our fault. That's our fault because we've allowed this
to happen. They should wake up every day thank in
the United States of America for what we have provided.

(01:32:38):
Look at that continent. Look, ok, the twentieth century, World
War One, World War two, Cold War, we win, we win,
We win every single time. Post World War Two, we're
Team America, World Police. It's been a disaster. Yeah. The
funny thing is most people didn't realize this. We had
a smaller military than Romania day prior to World War Two. Smaller.

(01:33:03):
That's how quickly we kicked ourselves in the ass and
got ourselves in gear to bail them out after Pearl Harbor.
Don't we to tell me they can't do it. Oh,
Russell's gonna do it by twenty thirty. Well, guess what
if that's what you actually think. You got five years
to prepare yourself. You've got five years to prepare yourself.
Guess what you might want to cut your vacations a

(01:33:25):
little bit short? Now? I am sorry. Okay, I'm family
in Europe and they feel the same exact way. Okay,
anybody's got half a brain can see this for exactly
what it is. They've got the deep state problem there too.

(01:33:45):
They've got these unelected bureaucrats, unelected bureaucrats and Brussels running
the show. You see that ridiculous photo op that McCrone
held in Paris and it ended in an unmitigated disaster.
Why because he's not willing to step up. Mare gonna
do this? Uh uh you think they're gonna put their

(01:34:06):
people at risk? No? Oh no, why we do that.
We'll just have the United States do it. Enough's enough,
enough enough that this is nonsensical. Again, this is not
our problem. It's their problem and they need to handle it.
And again you're gonna see the pushback. Oh, you're seeing it.

(01:34:29):
All the military industrial complex people, all the neo con
people out there, people making a living off of this,
a living off this. The United States needs to be
an example to the rest of the world. How do
we be an example? We clean up our act here,
We make ourselves as fiscally strong as possible, energy independent,
We do business with the rest of the world. Yes,

(01:34:54):
we want to have friends, but it has to be equal.
For crying out loud, you don't buy friends, and that's
what we've been doing. Dude, gotta make sure we're sending
aid all over the globe. If we're not, China's gonna
step in. What you honestly think, you honestly think by
us just sending cash all over the globe where most

(01:35:15):
of this money is getting stolen by some dictator somewhere,
siphoned off to some sort of Swiss bank account that's
winning the hearts and minds of people. Are you out
of your mind? It's graft at the highest levels, and
God willing, God willing will put a stop to it.

(01:35:36):
Watchdog on Wallstreet dot Com. Watchdog on Wallstreet dot Com again.
Become part of the Watchdog on Wall Street family, our
personal CFO program, our podcast, our newsletter, all sorts of
great stuff. Watchdog on Wallstreet dot Com. We'll be back.

Speaker 1 (01:36:09):
Taking Wall Streets liarsdrooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.

Speaker 4 (01:36:22):
Say a little bit of Nietzschee for you. That kind
of it's applicable to this. There's a point in the
history of society when it becomes so pathologically soft and
tender that, among other things, it sides even with those
who harm it, criminals, and does this quite seriously and honestly.

(01:36:46):
Punishing somehow seems unfair to it. And it is certain
that imagining punishment and being supposed to punish hurts it,
arouses fear in it. Is it not enough to render
him on dangerous? Why still punish? Punishing its was terrible?
What this question heard? Morality? The morality of timidity draws
its ultimate consequence. And that's your not sure And again,

(01:37:10):
I'm gonna I'm gonna get the people. Oh my god,
Trump called Zelenski a dictator. Well, I'm gonna flip this
on you. Okay, What if Trump? What if Trump? What
about the end of this term? What if this term
he doesn't leave office, and let's say he's uh decides

(01:37:33):
to stay on the presidency for you know, six years
out of four. What if what if Trump decides to
declare martial law, declare martial law and ban elections. What
if Trump came out and said, you know what, we're
gonna ban uh ban a Democratic party. What if Donald

(01:37:57):
Trump came out and nswered journalists and combined all of
the media outlets into in the country into one one station.
What if you know, journalists that he doesn't agree with
get automatically conscripted into the armed forces and get sent

(01:38:17):
to the front lines. Now, if Trump did all those things,
they'd call him most certainly a dictator and they wouldn't
be wrong. That's what Zelensky's done. Zelensky has done all
of those things. Ken to debate over whether or not
he's a dictator. I'm just telling you the facts. Okay,

(01:38:40):
it's a reality. Now. I got to talk a little
bit about this as well. And again I'm gonna recommend
I got a film recommendation for everyone here. It's a
it's a German film. It's called The Lives of Others
and I think came out two thousand and four to five,

(01:39:00):
and it takes place in East Germany, and it's about
the Stazi, the East German secret police, and how they
they followed people around and track people. And to watch
that sixty minutes piece this past week and what they
are doing in Germany and just how bad it is.

(01:39:20):
I won't step foot in that country. Other I refuse.
I won't. I won't go to the UK. I'm not
going to Germany. Germany just find one of their citizens
six hundred dollars for using a poop emoji against a
leader of the Green Party. No, I'm not making this up.

(01:39:41):
This is this is part of the course. They scour
the internet looking for comments they don't like and going
after people. It's crazy. Watchdog on Wall street dot Com.
We'll be back.

Speaker 1 (01:40:00):
Chris Markowski is the watchdog on Wall Street. This is

(01:40:21):
the watch dog on Wall Street.

Speaker 4 (01:40:31):
All right, talk briefly about illegal immigration. We've covered this
here on the program. I was very, very happy to
see that Trump signed an executive order cutting all taxpayer
funded benefits for illegal immigrants. Oh that's cold hearted.

Speaker 2 (01:40:58):
That's terrible.

Speaker 4 (01:40:58):
That's me. No, it's not, it's not. I'm sorry, and listen.
I will hear what people have to say about the
plight of immigration. It's obviously an internal debate in my church,
the Catholic Church, at this point in time. I love

(01:41:22):
I think immigration is great. I think legal immigration is
a wonderful thing. I think the way that we as
a country handle immigration right now is deplorable. It really is.
It's deplorable. It was a week or two ago here
on the program, we did a story I see. I
was CBS interviewing a farmer. Oh, I am losing all

(01:41:46):
my workers. Now, I'm gonna lose money because you're not
gonna be able to pick my sweet potatoes. And then
you find out how much he's paying those workers. Bloody
slave labor, man labor. The state of Florida has come
down with some very tough immigration rules and like clockwork

(01:42:08):
and some of the papers down here, Ah, they're interviewing
business owners and oh my god, I mean, people are
not going to be showing up at work. It was funny.
They were interviewing one business owner here and he's talking
about I warned my workers. I warned my workers, you know,
come to work, go home, be careful, don't speed, you know,
all this stuff, how to avoid ice. But then he

(01:42:28):
comes down and says they're all legal. Though I'm like,
shut up, man, you're a liar. And the newspaper doesn't
even follow up. I said, if everybody was legal that
you had working for them, they've got nothing to worry about.
You've got nothing to worry about. Again, this has been
taken advantage of US. Chamber of Commerce has pursus but

(01:42:51):
pushed this. Both parties have pushed this. They want cheap
labor and it's wrong by shutting down, shutting down all
taxpayer funded benefits. That's one thing needs to be done.
The other thing that needs to be done is everify nationally.
And don't don't tell me, don't tell me it's not possible.

(01:43:15):
This is a joke. Our tech folks could do this
in an afternoon. Either you're legal or you're not legal.
And if you hire somebody illegally and you're caught, you're
paying a fine. You are paying a fine. I want
to have legal immigration. I want people to come here

(01:43:40):
and actually get a prevailing wage, people that aren't treated horribly.
We should be ashamed of ourselves and how we handle this.
I know ours are jobs Americans won't do well, then fine, fine.
If Americans aren't going to do these jobs, and we're
going to continue to let Americans sit on their fat butts, okay,

(01:44:00):
and not work and hand out whatever it may be,
then allow people to come into the country legally via visa,
have a path to citizenship, and let them do those
jobs and let them build their families up. I don't
have any problem with that at all. But the current
system is a disaster. It's wrong. It's wrong. And again,

(01:44:25):
story after story, ice raids send a chill through migrant workforces.
I'm sorry, Okay, don't tell me. Because we have we
have the systems in place where you can apply to
get the workers if you need them. These business owners
would rather pay illegals less money that's the reason why

(01:44:50):
they would rather pay an illegal cash and pay them
less than have to do what is right anyway. Anyway,
you know, talking about you know, it's just a technology. Oh,
we can't do this, that's not possible, can't be able
to pull. Did you see the announcement that Microsoft made

(01:45:11):
this past week. I want to quickly go over this, Okay,
just to get your arms around this quantum computing. And
I again I know a little a little bit about it.
I'm very very little. And again I can't get my
arms around this stuff. See, the CEO of Microsoft is

(01:45:31):
tie In. The Della came out and he said, many
of us grew up learning that there are three main
types of matter that matter, solid, liquid and gas. He said,
well that's now changed. Said, after a nearly twenty year pursuit,
we have created an entirely new state of matter, unlocked

(01:45:55):
by a new class of materials topic conductors that enable
a fundamental leap in computing. Microsoft has come out with
this new chip. It's called Major on A one. It
is the first quantum processing unit built on topological on
a topological core. Now again, I'm not going to get

(01:46:17):
into cubits and all of these things here. Quite frankly,
I don't know enough about them to do it and
to explain it. And actually, what this I will explain
to you what this processor is capable of doing. This chip,
which you can hold in the palm of your hand,
is capable of solving problems that if you were to

(01:46:38):
combine all the computers on planet Earth together combined, they
can't do what this one chip is doing. Again, get
your arms around that, and get your arms around that capacity.
And I got I started thinking, I don't forget about

(01:46:59):
and and I mean it's it's opens up an entirely,
entirely new world of computing power that, quite frank we
can't even get our arms round. Watchdog on Wallstreet dot com,
Watchdog on Wall Street dot Com, don't go anywhere. We'll
be back.

Speaker 1 (01:47:22):
M the only man who is taking on the Wall
Street establishment. You're listening to the Watchdog in Wall Street
with Chris Markowski.

Speaker 4 (01:47:44):
One of the one of the funniest lines I heard
uh this past week from Donald Trump, and again I've
said the same thing here on the program. I got
a kick out of it. Is he called uh, he
called Boeing a lost cause, came out called Boeing a
lost cause again. I've been ripping into Europe a lot

(01:48:08):
lately on the program, and one of the reasons is
I want Europe to do well. I do. I want
I want Europe to be competitive again. I'm a big
mega mega mega mega make Europe great again. And the
one thing that they're really and it's it's kind of
pathetic and sad on our part here. Europe is absolutely
kicking our buttocks. When it comes to airplanes, air Bus

(01:48:34):
is killing it. They've got a new plane coming out,
the A three twenty one XLR. It is a narrow
bodied plane that can go eleven hours. Can I have
about two hundred and twenty passengers? Meaning what means that
they're going to be able to open up more routes
from the United States to various different cities in Europe
because it's able to hold enough fuel to fly and

(01:48:58):
only carry two hundred and twenty passenger. Okay, this is
gonna be huge and they can't. They're selling these things
like hotcakes. Boeing can't get out of its own way.
Boeing was given the contract for two new Air Force
one jets. They were supposed to be ready to be ready.
They were supposed to have been ready by last year.

(01:49:20):
Now they're saying they're not going to be until twenty
twenty nine or later. Trump's now actually looking around for
other jets. He's actually going to some of the royal
families in the Middle East. The current air Force one
is over thirty years old, and he's ticked off by it.

(01:49:41):
But again, this is Boeing is ben infected with the
virus called the deep State. Boeing because they are a
defense contractor, because they are a major defense contractor. That's
why they're too big to fail. And they should have failed.

(01:50:01):
Boeing should have failed, and it would have been much
better if Boeing did fail. What do you mean that's
terrible to bring American champion company. Know, somebody would have
come along and replaced it. And that's a problem with.

Speaker 1 (01:50:15):
Watching companies.

Speaker 4 (01:50:18):
Boeing is a zombie. It's a zombie. It's been infected
with the deep State virus. It's got all sorts of
personnel that all the board of directors, they sit on
other people's board. It's a director. It's run by a
bunch of types by the engineers. Hero you do realize

(01:50:42):
that familiar basically about a yes at this point in time.
Finally is a lost adult and to be broken superhero
suit watching dot com, Watch Street dot com how the
suit actually worked anyway, It's an interesting concept.

Speaker 1 (01:51:03):
Watch on wor studies.

Speaker 4 (01:51:06):
I'm going to tell you what you're paying for. Your
taxiles are paying for Jan Schakowski. She has been I
don't know, she's been in government for I don't know
how long. I mean for forever, in ten days. So
she's giving a little talk now she's speaking. She's going
off on uh, manufacturing in the United States, and she

(01:51:29):
claims that there's not enough women in manufacturing because the
word manufacturing has the word man in it. She says
that it's the sexist term because it has the word
man in it and it turns off women and that's

(01:51:50):
why women don't go into manufacturing. This is a member
of Congress. Yeah, let let's let's go and take a look.
Because man use in Latin means hand and fasari in
Latin means to make. So basically, manufacture is Latin for

(01:52:15):
made by hand, And obviously it's come to encompass the
production of goods by machine or other means. But it's
not sexist and these these are people, and who votes
for these people? How do you vote for somebody that
is that dumb? I know I shouldn't say that about people,

(01:52:39):
But what am I supposed to say? That they're smart,
that they're intelligent? You know, you just might if you
don't know what the hell you're talking about. Don't make
stuff up. Just keep your mouth shut, do your homework. Anyway.

(01:52:59):
This is from the New York Times magazine. Here's one.
I'm not making this up. This was an actual story.
As a white man, can I date women of color
to advance my anti racism? Yes? They actually have an

(01:53:20):
ethicist columnists, uh taking up inter racial dating as a
socio political strategy. Are what? So you're gonna, as a
white man, you're gonna date someone simply because it's going
to give you better socio political street cred? What again?

(01:53:47):
And that's that's the problem that the true racists in society,
the ones that actually see color, that actually look for color,
that and look to actually divide people into various different
groups and look for victims. I hate that. I despise that.

(01:54:08):
I despise quotas, I despise all the DEI crap that's
been put forward either you can get the job done
or you can't get the job done. It's it's just
that simple advance your anti racism. What does that even mean?

(01:54:28):
What explain that to me? Anti racism? Does that does
that mean that you can if you're anti or does
that mean you can suck up other people's racism and
make it go away? Do you understand how stupid this
stuff is? Oh? Oh, this was funny. This is funny.

(01:54:54):
I saw this and I had a laugh. It reminded me,
reminded me of Raiders of the Law Stark. Remember that
scene where Indiana Jones he's fighting in the streets of Cairo,
fighting off all these people and Marion gets taken hostage.
There she's in the uh the basket and you know
the monkey is a monkey's you know, helping out the

(01:55:16):
bad guys there. And then there's this uh, this guy
that comes out. He goes a he pulls out the
sword and he starts, you know, spitting around, and Indiana
Jones is just looking at him and just pulls out
a gun and shoots him. I thought about that because
in Germany, you're you're not really allowed to defend yourself.
You can't, I can't have a weapon. Of course, they're

(01:55:39):
actually actually having self defense classes where they're teaching people
to repel bad guys with knives and guns using a towel. Yes,
trying to show people how to swing a towel around
to defend themselves against people with weapons. No, no, no,

(01:56:02):
no no no no no no no, put the towel
down and run, okay, as fast as you possibly can.
Run again. It's it's Germany, and you can these places,
you know, it's extraordinary. You can. You know you're going
to spend more time in jail for ridiculing someone for uh,

(01:56:24):
you know, a certain racial group for their proclivity to
rape or harming others, rather than the people that actually
rape and harm others. Even in London as well, I
get some people, and I don't agree what they were doing.
Some people were protesting the the the influx of people

(01:56:44):
from certain areas of the world. They were burning kora.
Somebody burned Korans outside I think it was a Turkish
embassy and the guy got attacked by someone stabbed, someone died,
someone died. Uh. The person who was actually burning the
Iran got more jail time than the person that killed
somebody with a Knight. No, no, you can't make this

(01:57:08):
stuff up if you really wanted to anyway, Thanks for
tuning in once again the watch Dog on Wall Street Show.
We always welcome everyone to become a part of our family.
Get to our website Watchdog on Wallstreet dot com, our
personal CFO program, our podcast, our newsletter, all sorts of
great stuff. God bless everybody. We'll see you next week.

Speaker 1 (01:57:31):
Chris Markowski is the Watchdog of Wall Street.