Watchdog on Wall Street: Podcast for Weekend of March 15 - March 16 2025 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
Well, no one altered investment banker, consumer advocate, analyst, trader,
Chris Markowski. He is the watchdog Wall Street. Do you
want to answer exposing the lies and myths that the
big brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom.

Speaker 2 (00:27):
You can't handle the true proof.

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

Speaker 3 (00:34):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.

Speaker 1 (00:39):
This is the watchdog Wall Streets.

Speaker 4 (00:44):
I can't get that bit from trading places out of
my head there. So Mortimer Fan, Oh yeah, yeah, it's
a media media frenzy out there when it comes to
the stock market at this point in time.

Speaker 5 (01:02):
Trump the stock market, Oh my god, so much better
under Joe Biden.

Speaker 6 (01:08):
Look what's going on?

Speaker 4 (01:09):
Tariff's lions and tigers and tariffs am I and uh
one one bit of nonsense after another. But that's that's
why you're here. We're gonna dispel the narratives and break
everything down like we always do. Now, you know, first
and foremost, I want to let everybody know out there,

(01:29):
if you're confused and bewildered in regards to what's going on,
if you're bent out of shape, if you're worried about
your portfolio, my I suggest just throwing it out there,
spending a little time at our website at Watchdog on
Wall Street dot com. Sign up for our personal CFO program.

Speaker 6 (01:48):
It's free. Kind of understand and get your.

Speaker 4 (01:53):
Arms around long term investing, portfolio management, building up wealth
brick by brick. But we'll get into that in a
little bit. Okay, I want to we look at it
this way. Okay, we're gonna play the game of time.
We've done this before here on the program. Pay close attention.

(02:15):
This is especially directed to all of you, all of
you day traders out there that have all of a
sudden become brokebusted, and disgusted. Short term trading is not investing.
It's gambling again. You watch the news right now, all
over the news. Oh my god, look at the market

(02:36):
over the past month. And you know what for we'll
use the S and P, shall we?

Speaker 6 (02:42):
Yes? Have you invested in the S and P five
hundred a month ago?

Speaker 4 (02:46):
You're losing money, as a matter of fact, As a
matter of fact, you want to use history as your guide.
If you invest for a one month period of time,
one month period of time in the S and P
five hundred, thirty eight percent chance of losing money. Obviously,
you know, flip side, sixty two percent chance of making money.

(03:08):
Let's let's use time as an asset again. Let's extend
it out to a year. You decide, you know what,
I am gonna put money away. I'm gonna invest in
the S and P five hundred for just one year.

Speaker 6 (03:19):
That's it.

Speaker 4 (03:20):
You got a twenty five percent chance of losing money,
seventy five percent chance of making money.

Speaker 6 (03:26):
Let's again, let's pull this out to five years.

Speaker 4 (03:29):
Eleven percent chance of losing money, eighty nine percent chance
of making money, ten years, five percent chance of losing
ninety five percent chance of making money. You want to
do fifteen less than one percent point two percent of
losing money, ninety nine point eight percent making money.

Speaker 6 (03:52):
What does this mean?

Speaker 4 (03:55):
Investing is not It's not gambling unless you choose, unless
you decide that you want to make it gambling.

Speaker 6 (04:05):
This is a blip, kiddos.

Speaker 4 (04:08):
This is a blip just as much, just as much
as the Great Recession was the blip. Just as much
as long term capital management was a blip, just as
much as COVID was a blip.

Speaker 6 (04:24):
It's a blip. That's it. You're gonna look back at
this period of time five six years, you're not gonna
even remember it. For crying out loud, I will the
S and P five hundred, what is it down? I
don't even know.

Speaker 4 (04:38):
Eight percent from the February closing high. Eight percent. Over
the past seventy five years, the average okay, the average
intra year market drop has been close to fourteen percent.

Speaker 6 (05:02):
I'm gonna say that again.

Speaker 4 (05:03):
Past seventy five years, the average drop in the S
and P five hundred over the course of a year
has been fourteen percent intra a year drop. So if
you're stressed out, if you're pulling your hair out, you're
freaking out over the market reaction just over the past

(05:24):
couple of weeks. You know, I'm just here to tell
you you're not going to be a very good investor.
Go by, go buy CDs, which is fine, okay, if
that's what you want to do. You are not going
to be a good investor. I wrote a column several
years ago was entitled Embrace, Embrace the Suck, and basically

(05:50):
I went back to when I was in high school
and a football camp and it's you know, ninety five
degrees out in August, and you know, we're practicing in
the heat, full pads, and you know, the coach basically
telling us, you.

Speaker 6 (06:05):
Gotta embrace the suck you got.

Speaker 5 (06:08):
You gotta embrace that. You gotta embrace this. It's gonna
all be worth it. Friday night lights, Planet Lights, and
he was.

Speaker 4 (06:15):
Right, Yeah, I'll at that pain that we were going
through ninety five degree weather outside, hitting run and doing
all that good stuff.

Speaker 6 (06:24):
Man, it was worth it. It was worth it.

Speaker 4 (06:28):
And again, if you want to be a successful investor,
you gotta embrace the sucky times too, because the reality
is that's that's where the wealth is really made. We
are we're not very good. What would say we're not
very good? I just don't do it. I choose not to.

(06:53):
Many people point that out. They said, Chris, you call
a lot of stuff ahead of time. Can trade this stuff.
I don't trade this stuff because it brings too much
risk into our portfolios. And I'll get that into that
a little bit. You don't want risk to lead to ruin.
We've discussed that here endlessly here on the program. I
got a better way of doing things. We dollar cost average.

(07:18):
I don't care what the market is doing.

Speaker 6 (07:21):
I don't pay.

Speaker 4 (07:22):
Attention to the market, nor should you. It's an exercise
in futility. I pay attention to the companies that we own. Yeah,
I always go sometimes go back here on the program

(07:43):
to the Doctor Seuss story. They're the all the places
you go, and I kind of use it here on
the program. And I try to teach younger people as
well about not being in the waiting place, not just
sitting around waiting for something to happen. You have to
go out and make your way in life. But part
of that before you get to the waiting place. They
talk about how, oh my god, you won't bag behind.

(08:05):
You'll have all the speed, you'll pass the whole.

Speaker 6 (08:07):
Gang, and you'll take the lead. Whenever you fly, you'll
be the best of the best.

Speaker 4 (08:10):
Wherever you go, you will top all the rest, except
when you don't, because sometimes you won't. And again this
is I was thinking about it this past week because
that's what's happening with a lot of these Robinhood traders
and other ones out there.

Speaker 6 (08:23):
They're getting crushed.

Speaker 4 (08:25):
They're getting crushed because they don't know how to deal
when you're caught in a lurch. And again this is
quite frankly, this is nothing new for me. I can
harken back. I go back to the nineteen nineties, and
you know, downtown New York Wall Street, they had trading
floor after trading floor after trading for where people would

(08:47):
come in. These were not employees of Goldman Sachs or
Morgan Stanley. These are people going into trading rooms. They
would bring their ten thousand dollars I kid you not,
and the trading floors would give you. On March they
give you five thousand, so you'd have fifteen thousand dollars
to be playing with. And people would sit at the

(09:07):
computers and trade all day. There was a famous cover
I think it was Forbes or Fortune, I can't remember.
Some kid, some kid has still had pimples all over
his face, big smile on his face. Story about him
and how he made all this money trading. And again
they gave anecdotal stories about all these winners trading and

(09:29):
doing all this and where are they now?

Speaker 6 (09:33):
Did do you think it turned out well for them?

Speaker 4 (09:36):
I always point out the ridiculous e Trade center that
was in Midtown.

Speaker 6 (09:40):
That happened was a kin to a casino.

Speaker 4 (09:43):
People going in there on their launch hour to trade,
not to trade, to gamble, and again that e Trade
center is no longer and people lost their shirts, rinse
and repeat, were back here again.

Speaker 6 (10:04):
On again.

Speaker 4 (10:04):
This is why I try to you know, a weekend
week out here on the program, we try to point
people in the right direction.

Speaker 6 (10:13):
We try to get it through.

Speaker 4 (10:14):
To people's heads that there are no shortcuts and life.

Speaker 6 (10:19):
Stop looking for shortcuts.

Speaker 4 (10:22):
One of the all time greats, the late great Charlie
Munger Love that guy talked about how they built Berkshire Hathaway.
Was it through shortcuts? No, it was brick by brick,

(10:42):
step by step. That is how wealth is built. You
need to understand. Again, this is why I try to
get people to go and sign up get our personal
CFO programs so you can learn how to navigate these
financial storms, the corrections, the volatility that's out there. It's

(11:07):
it will always be there.

Speaker 6 (11:10):
Mama said, There'll be.

Speaker 4 (11:11):
Days like this, weeks like this, months like this, markets
like this.

Speaker 3 (11:15):
So what.

Speaker 4 (11:18):
You need to be prepared for, you need to expect it,
deal with it in the same way, the same way
you have a pilot flying a plane, it's got to
be able to deal with.

Speaker 6 (11:31):
Sometimes harsh conditions and turbulence.

Speaker 4 (11:35):
Or the captain of a ship needs how to be
needs how to understand, how to deal with storms when
he's out there, recognize them for what they are.

Speaker 6 (11:51):
I can't control, nor can anybody.

Speaker 4 (11:54):
Else control or predict what the markets are gonna do
and how they're gonna handle certain situations. And let me
tell tell you something. It's it's gotten somewhat more difficult
today than the way it used to be. We don't
have human beings out there running trading floors anymore. It's computers.

(12:15):
It's computers. They are fed information. They are fed information, headlines,
whatever it may be. They translate that information and they
make moves based upon that.

Speaker 6 (12:28):
That's it.

Speaker 4 (12:31):
That's how it works. And then they have certain algorithms. Well,
if they hit a certain point, then they're supposed to
turn around and do the opposite. You think you can,
You think you can decipher that?

Speaker 6 (12:45):
No way, No, how so, why bother? Why bother?

Speaker 4 (12:56):
Yeah, I've dealt with a lot of a lot of
people at lately that have been engaging Again.

Speaker 6 (13:02):
Market's going up thinking that it can happen forever.

Speaker 4 (13:05):
They're all of a sudden, the guru out there and
they've been whacked around again. You have to understand and
you have to be able to go out there and
discern the difference between the conventional wisdom of the day
and the reality.

Speaker 6 (13:24):
Of the terrain.

Speaker 4 (13:28):
And you are a mark out there, all all of
you people are that You've got your Robinhood accounts, all
this stuff, unless if you're handling them the right way,
you're not engaging in rapid fire trading and all this
other nonsense.

Speaker 6 (13:39):
We'll get into that a bit. You're a mark. They're
there to take you.

Speaker 4 (13:45):
Just as much as I pointed this very thing out
in the nineteen nineties when questioned I'm being interviewed on
a program, I'm talking well, and all is going to
be tough on a lot of financial advisors stockbrokers out
there with all of.

Speaker 6 (13:59):
These discount on houses. I'd laughed.

Speaker 4 (14:02):
I said, really, why in the world, Why in the
world then, would all of these big banks finance these
outfits if it was going to lead to their own demise. No,
all it did was bring a bunch of marks, a
bunch of dupes into the market that the major trading.

Speaker 6 (14:19):
Houses could pick their pockets a hell of a lot easier.
That's all it did.

Speaker 4 (14:26):
There's a right way of doing things and a wrong
way of doing things.

Speaker 6 (14:32):
It is what it is. And again, I didn't invent this. People.
You're listening to this.

Speaker 4 (14:36):
If you listen to this program thinking I'm going to
give you some surefireway to trade your way to success
short term, No, man, okay, it's not how it is here.
There's no shortcuts. There's no six minute abs. Okay, there's
no take a pill and you're gonna be jacked. No.

Speaker 6 (14:57):
We build wealth over time. It's a process. It's the same.

Speaker 4 (15:04):
Process that the drunken millers of the world have used
that the Warren Buffets of the world have used it.

Speaker 6 (15:11):
There's there's no other way around it.

Speaker 4 (15:14):
As much as you may try, as much as Wall
Street will try to sell you on some sort of
quick way to get rich, it doesn't work. We gotta
take quick break. Watchdog on Wallstreet dot com. Watchdog on
Wallstreet dot Com is our site again. We invite you all,
each and everybody to become a part of our family,

(15:35):
the Markowski Investments Family, Watchdog on Wall Street Family.

Speaker 6 (15:39):
Get to our.

Speaker 4 (15:40):
Website Watchdog on Wallstreet dot com. That's Watchdog on Wall
Street dot com. Or give us a call eight hundreds
for seven to one fifty nine eighty four. That number again,
eight hundreds for seven to one fifty nine eighty four.

Speaker 6 (15:54):
We'll be back.

Speaker 1 (16:11):
This is the Watchdog on Wall Street.

Speaker 6 (16:16):
What about everybody?

Speaker 5 (16:17):
It is the one, the only, the Watchdog on Wall
Street Show, the longest running financial program in the country,
twenty five years on air terrestrial.

Speaker 4 (16:26):
But now you know we're hip, We're cool duck. Yeah,
that's the old Doctor Evil reference right there.

Speaker 6 (16:33):
Yeah, we've logged. We've logged the Watchdog on Wall Street Show.

Speaker 4 (16:38):
I do daily podcasts, and again I highly recommend you
can subscribe to them favorite podcast arena wherever you get
your podcasts, you can go to our website at Watchdog
on Wallstreet dot.

Speaker 6 (16:50):
Com as well.

Speaker 4 (16:51):
This past week, one of our podcasts, I brought up
a column that I did twenty years ago, twenty years
ago talking about the realities of financial planning. And again
I want to remind everybody here, I don't like that phrase.
I don't we try not to use financial planning. I

(17:15):
like financial preparation simply because that's what we do. Is
we are prepping you, we're training. Financial training is more
like it. If anybody who's played a sport understands this,
and again, you can work out, work out every day,

(17:35):
it's important it's to do that, but to train you
have a you know, you have a specific method to
your madness in mind when you're doing it, whatever it
may be. We call it financial training simply because guess
what planning difficult to plan?

Speaker 6 (17:51):
Difficult to plan life? Is it?

Speaker 4 (17:52):
Not the old saying you want to make God laugh?
Tell them your plans. What we want for our families,
our clients are people as we want them to have
the ability to take advantage of all of the doors,
all of the opportunities that God is going to present
to them over the course of their lives, whether it

(18:18):
be oh my god, I can get involved in this
startup or this small business, or I want to pay
for whenning kids call, whatever it may be. That's what
it's all about. We're not one of those ones.

Speaker 6 (18:29):
Okay. If you want to retire it what age? Okay,
and now I know that's stupid. Don't don't live life
like that.

Speaker 4 (18:40):
Okay, you don't want to live life like you know
the Griswolds and vacation one where you're down to this very, very.

Speaker 5 (18:46):
Exact schedule and you got to gotta make sure you
see the largest ball of twine.

Speaker 6 (18:50):
No no, no, no, no, no no no.

Speaker 4 (18:53):
That's that's not fun. Life's awesome. Life is awesome. And
you're gonna be presented with so many opportunities. And this
is why, you know, we like to call it financial training,
financial preparation. You're gonna be putting away asked that, you're

(19:13):
gonna be building wealth so you can take advantage of
all of that. Now, the powers that be, But the
powers that be, I'm talking with people to work them
against you. Yeah, I'm telling you right now, the you know,
the business stations out there, and again much of Wall

(19:33):
Street in of itself, they're not really working in your
best interest.

Speaker 6 (19:38):
Okay.

Speaker 4 (19:39):
The things that we talk about here on the program,
quite frankly, are not news.

Speaker 6 (19:44):
I know this.

Speaker 4 (19:47):
Yes, do we do some news, Yes, we do a
lot of newsworthy stuff. But when it comes to money,
when it comes to finances, the things that we talk
about here on this program are timeless.

Speaker 6 (20:00):
It's truth. It's not news.

Speaker 4 (20:04):
Again, get the help you need. Sign up, have access
to us. Our accountants are lawyers, a family office for everyone.
Watchdog on Wallstreet dot com. That's Watchdog on Wallstreet dot com.
Or give us a call eight hundreds four seven one
fifty nine eighty four.

Speaker 1 (20:25):
Chris Markowski is the watchdog on Wall Street, the only

(20:45):
man who is taking on the Wall Street establishment. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 6 (20:54):
It's this personal CFO thing all about well again.

Speaker 4 (21:00):
We started Markowski Investments some thirty plus years ago, and
we were coming from Wall Street and that culture, and
we wanted to do something completely different because I hated it.

Speaker 6 (21:16):
Hated it. One of the first things I couldn't stand
was the fact.

Speaker 5 (21:18):
That Bob knop Knop, you don't have five million dollars,
there's the door.

Speaker 6 (21:24):
Sorry.

Speaker 4 (21:24):
No. We we help everyone out and we also, you know,
over time, we've developed a family office atmosphere where we
can provide the services of a family office, accounting, legal
to all of our clients if they need it. But
originally it's going way back when we started building Markowski

(21:47):
Investments with something called an account repair program, and what
we did was we were basically going out of our
way to help victims of the Jordan of the world. Yeah,
this is again I'm dating myself because it's three decades ago.

Speaker 6 (22:04):
There was a lot of boiler room operators out there. Again.

Speaker 4 (22:08):
They've made play movies about them, Martin Scorsese, movies about them.
We were picking up the pieces of those people that
were ripped off by those guys and teaching them and
showing them how they were going to go about rebuilding,
rebuilding their finances and rebuilding their wealth. And what was
interesting was is that many people didn't want to listen.

(22:32):
Many people didn't want to listen. They just they wanted
their money back right away. They were down. They were
about fifty seventy five percent in their portfolios. And we
presented a strategy of plan for them for building it back,
and many of them said no, no.

Speaker 6 (22:46):
No, no, no, no, no no no. We had a trader away
out of this.

Speaker 4 (22:49):
I'm like, okay again, sounding just like a degenerate gambler,
I said, you put yourself in this position by making
these silly choices. You think these silly choices are going
to get you out of the position that you're in.
You do recognize that you have to see one hundred
percent on your investments to get back to where you
were if you're down fifty percent. But many did listen

(23:12):
and that helped build up our business. What we do,
what we do quite frankly, when people come in, is
we get them a complete review, a second opinion in
regards to what they're doing and what they have. And
plenty of occasions out there we'll take a look and say, hey,

(23:33):
you've got yourself a great you got yourself some great advisor,
You've got great people working for you and your family.

Speaker 6 (23:39):
You don't have to do a darn thing. That's great.
And then what I what I try.

Speaker 4 (23:43):
To do is I say, you know, can I can
you introduce me to the people you're working with, because
we'd love to have them come join our firm.

Speaker 6 (23:49):
We love having quality people.

Speaker 4 (23:52):
But again, right now, okay, you have to take a
look at what's in your portfolio. How is your portfolio
levered up?

Speaker 6 (24:05):
Do you have zombies in your portfolio? I have you
misallocated capital in your portfolio? Listen? What we do?

Speaker 4 (24:14):
What we do and I've explained this before, we're we're
not stock buyers. We're great company buyers, real simple. We
look to build ownership in great businesses with great ideas,
businesses that have certain economic and niche advantages.

Speaker 6 (24:38):
Firms that have fantastic.

Speaker 4 (24:40):
Management, and we own these companies based upon our expectations
of performance over time.

Speaker 6 (24:49):
We do not try to time the market. We don't.
We don't try to time the market.

Speaker 4 (24:58):
Our companies that we bought for some of our newer
clients onboarded clients a month ago, are they down now
from where we bought them?

Speaker 6 (25:08):
Yep, yep they are. Don't care. Don't care. If it's
solid business that.

Speaker 4 (25:18):
We feel is valued properly, I'm gonna buy no matter
what the market is doing.

Speaker 6 (25:25):
We are great business owners and buyers.

Speaker 4 (25:29):
I'm gonna be concerned where that company is going to
be five years, ten years, fifteen years down the road.
We like to you know what we like that you
know the problems that we like to have at Markowski Investments.
We like to have the problem where we have to
start selling, selling off part of positions in great companies

(25:52):
to reallocate assets.

Speaker 6 (25:54):
That's a great problem to have.

Speaker 4 (25:56):
But we have positions in our portfolio that become oversized
where we have to trim them down and reallocate to
other areas the porfolio haven't done so well that those
are the problems we like to deal with. If you're
holding on right now, you're holding on to good companies,
great companies.

Speaker 6 (26:16):
You don't have anything to.

Speaker 4 (26:17):
Worry about when markets inevitably reverse over periods at the time.
I mean, people, have you seen where the markets have
come from? For crying out loud, Well, you don't think
corrections happen. You think everything goes up in a straight line. Sure,
your porfolios, they're going to decline in value during these periods.

(26:40):
But guess what you knows the world doesn't end. Got
to take a quick break. Watchdog on Wallstreet dot com,
Watchdog on Wall Street dot com.

Speaker 6 (26:52):
Don't go anywhere, but if you do.

Speaker 4 (26:55):
Sign up personal CFO program, our podcast, our newsletter. Yeah,
we still have our old school account repair kid up
there in the website watch Dog on Wallstreet dot com.
Or give us a call at eight hundred four seven
to one fifty nine eighty four. That's eight hundred four
to seven one fifty nine eighty four.

Speaker 6 (27:11):
We'll be back.

Speaker 7 (27:12):
Don't let me here.

Speaker 2 (27:18):
You say that.

Speaker 1 (27:31):
You should believe in math not magic. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 6 (27:42):
Countless times here on the program.

Speaker 4 (27:44):
I've never been on the end of the world. It's
going to only happen one time. One time. Great companies
will bounce back. They'll bounce back.

Speaker 6 (28:00):
Again. Take my word for it. Okay, don't take my
word for it.

Speaker 4 (28:05):
Well, I've already had the longest running radio program finance,
a radio program in a country thirty years at Marc
ask you don't want take Warren Buffett's word for it.
Something he said back in two thousand and sixteen, when
asked about what investors should do during times of tumuli,
I would tell investors don't watch the market closely. Investors

(28:26):
that buy good companies over time will see results five, ten, twenty,
thirty years down the road. If they're trying to buy
and sell stocks, they're not going to have very good results.
The money is made by investing, by owning good companies
over long periods of time.

Speaker 6 (28:45):
That's what people should do with stocks.

Speaker 4 (28:49):
In May of twenty twenty two, May two and remember
twenty twenty two, Mark was down eighteen percent. Buffett gave
this perspective, don't sess over finding a perfect time to
buy a stock. Go ahead, go ahead and invest, and
then observe over time to see if you should buy
more or sell. The strategy leads to a higher chance

(29:12):
of return. It alleviates some of the pressures of tried
to predict the stock market. Stock dips, it shares to
become less expensive, so buy more of them. We having
the faintest idea what the stock market is going to
do when it opens on Monday.

Speaker 6 (29:29):
We've not been good at timing.

Speaker 4 (29:31):
We've been reasonably good at figuring out when we're getting
enough for our money. I remember there's another line that
Buffett gave run that nice earlier point in time. He said,
I'd pay a great deal of money for all the
companies in my portfolio to drop by fifty percent. Yeah,
because then he can go out and put more money

(29:51):
to work and buy them on sale. Another great one,
Jack Bogel, buying stocks and holding them was the best
way to invest, because your emotions will defeat you totally
if you try to sell your holdings to avoid losses
and get back in afterwards.

Speaker 6 (30:08):
You have to be right twice people. You understand that
I'm gonna getut, I'm gonna get beg in. No, stay
the course.

Speaker 4 (30:15):
Don't let changes in the market, even supposedly big ones,
change your mind, and never never, never be in or
out of the market, always in at a certain level.
I want to talk a little bit about another concept here.
If you're new to the program, it's gonna be new

(30:37):
to you.

Speaker 6 (30:38):
Uh. Longtime listeners are familiar with our concept of the.

Speaker 4 (30:41):
Greater fool, the greater fool, who is going to be
the sucker?

Speaker 6 (30:48):
Okay?

Speaker 4 (30:48):
In many ways, that's how Wall Street operates. Who's gonna
be left holding the bag? Get another way you can
call you go, who's gonna who's gonna be the loser
in the demonic game of music chairs. We're going to
talk about that when we get back. Watchdog on Wallstreet
dot com. Watchdog on Wallstreet dot Com again, become a
part of our family at Markowski Investments, Watchdog on Wallstreet

(31:12):
dot com, or give us a call.

Speaker 6 (31:14):
Eight hundred four seven one fifty four.

Speaker 1 (31:19):
You're listening to the Watchdog on Wall Street bringing America

(31:39):
financial freedom, one listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 6 (31:47):
All right, don't be a greater fool? BA.

Speaker 4 (31:54):
Actually I heard this several times this past week on CNBC. Again,
I don't know I Honestly, I don't know where they
get some of these defices.

Speaker 6 (32:05):
I really don't. I had some young.

Speaker 4 (32:08):
People up there, I suppose of experts there, nice shirts
and nice ties on, nice looking people.

Speaker 6 (32:15):
Again, they've gone back to the old. Well, you know,
market's noting. Market's not gonna turn around.

Speaker 4 (32:22):
A tumult sell off not gonna end and till the
average average retail investor throws in a towel and sells.
Come on, man first and foremost. Okay, stocks, they are
not casino chips. When you sell from your portfolio, you

(32:43):
are not cashing in your stock at a casino window.
You are selling your shares to somebody else. For every seller,
there's a buyer. Every seller there is a buyer. And
again it's it's funny but true. Think about it. Sock

(33:06):
market is the only market out there that when there's
a massive sale, everyone leaves the store, waiting to come
back and pay higher prices later on.

Speaker 6 (33:17):
Name for me another market where that's the case. You can't.
So what does this mean about greater fools?

Speaker 4 (33:25):
Who is buying? Who's buying all these quality companies? When
market sells, all markets sell often the value is created
out there. Who do you think is buying smart money.
Smart money is buying. And I've used this line again
and again and again, and it absolutely encapsulates how the

(33:53):
system works. JP Morgan himself said this, and bear markets
stocks return to their rightful owners again, and bear markets
markets selloffs, corrections, whatever it may be, stocks return to

(34:14):
their rightful owners. What did he mean by that? He
meant that again, smart money is going to step in
and take advantage when things go on sale. That's what
they do the general public, more often than not, the

(34:34):
greater fools. They're the ones that are going to lose.
And I have given you countless examples over the years,
countless examples, studies done. I mean stuff goes back to
the nineteen nineties where they were studying all of the
discount houses back then.

Speaker 6 (34:53):
And just how poorly everyone did.

Speaker 4 (34:58):
Do you, honestly, do you think that if Robin Hood's
active traders were doing really, really well, you don't think
that they would let let onto that they would show
you those statistics.

Speaker 6 (35:09):
Of course they would, but they can't. They can't because
they're not. They're not.

Speaker 4 (35:18):
It's set up by design to get you to do
dumb things with your money. We've talked about a concept
here on the program again and again and again. The
anti fragile portfolio concept that I've studied, I've written about

(35:39):
I discussed extensively here on the podcast over the years.
Favorite author philosopher Nassam Nicholas Talib basically he'd start off
with his fooled by randomness and we'll get into that
a little bit later on today in his concept of
black Swan's you know stuff that happens they don't see
coming when preparing for one's future. Okay, these concepts need

(36:07):
to be taken into account rather than again, rather than
plan for retirement, prepare I've talked about this the same
way I would be coaching kids. Navy seals describe it
basically facing and dealing with the terrain. You can go
into battle with a map and a plan. When you
get on the battlefield and the terrain and conditions are

(36:28):
different than what you expected.

Speaker 6 (36:29):
What do you do? Then? You go with the terrain?

Speaker 4 (36:34):
Warren Buffett two thousand and seven Annual Report and his
Annual is Any Report. He basically wrote it as a
help wanted. Wanted a young man or woman with the
potential to manage a very large portfolio, ideal candidate must
be someone genetically programmed to recognize and avoid serious risks,
including those never before encountered, independent thinking, emotional stability, and

(36:58):
a key understanding abothqu an institutional behavior. What we're trying
to get across, whether it be Buffet talib the Navy Seal, myself,
expect the unexpected, markets sell off for no reason or
maybe they have a reason. Don't be perplexed. Stuff happens.

(37:19):
Stuff happens. The idea out there is that they don't
know what they don't know. All of these wizards are
smart out there. It's called the Dunning Krueger effect. It's
a cognitive bias when people of low ability have this
illusion of superiority. Talked about this for years. What you

(37:44):
want to do is you want to build up a poorfold.
You want to build up a life. For that matter,
This is applicable everything. The concepts that we talk about
here on the program are applicable.

Speaker 6 (37:58):
To everything that you do. Oh, it's not a matter
of being.

Speaker 4 (38:03):
Resilient and being able to withstand a shock.

Speaker 6 (38:08):
That's all well and good. You want to come out better.

Speaker 4 (38:14):
Think about it in the same terms of weightlifting, when
you go to the gym and you're weightlifting, and you're lifting,
you're lifting your heavy weights. You're moving that weight around. Okay,
you're breaking down the muscles. You're tearing muscles. Your muscles
repair and they come back stronger. Some things benefit from shocks.

(38:37):
They thrive and grow when exposed to volatility, randomness, disorder, stressors,
you name it.

Speaker 6 (38:43):
That's what you want. You don't want to be resilient.

Speaker 4 (38:47):
You want to be beyond.

Speaker 6 (38:48):
Resilient, beyond robust.

Speaker 4 (38:50):
You want to take the shocks and come out stronger.

Speaker 6 (38:54):
That's what we do.

Speaker 4 (38:55):
Watchdoganwallstreet dot com watchdoginwallstreet dot com.

Speaker 6 (38:59):
We'll be back.

Speaker 1 (39:03):
Chris Markowski is the watchdog of Wall Streets. Well no
one authored investment banker, consumer advocate, handalyst, trader. Chris Markowski

(39:25):
is the watchdog on Wall Street. You want to answer
exposing the lies and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.

Speaker 2 (39:39):
You can't handle the true.

Speaker 1 (39:41):
Truth bringing America the truth about what really happens in
the financial world.

Speaker 3 (39:46):
Ladies and gentlemen, We're not here to indulge in fantasy,

Speaker 1 (39:51):
This is the watchdog in Wall Streets, all right.

Speaker 6 (39:57):
Waited a lot on first hour on the program.

Speaker 4 (40:00):
It comes to financial preparation, financial training, which we'd like
to talk about. We have to now we have to
get in some of the news to talk about what's
actually going on here in the country. And again I
have spent a lot of time on the podcast going
over this, but again it's important. I had a covered

(40:20):
terrestrial covert podcast. We're covering here, there and everywhere. I
can't tell you I'm gonna guest appearance as I did
this past week. But anyway, calculus or chaos, That's the
question I asked this past week. Pose this past week
is what Donald Trump is, what he's doing right now.
Is it calculated or is it just chaos? Well, I

(40:49):
don't know yet. I don't know. Again, I'm hoping, I'm
hoping everything is calculated. But the way Wall Street works nowadays,
I explain this with algorithmic trading and on headlines. When

(41:10):
Donald Trump fires off something on truth social or puts
out some release, it's going to generate an immediate market reaction.
That's how these programs are designed. And again this past week,
you know, we all of US fifty marked on Canada

(41:33):
and Mexico, and then another you know, well, we're gonna
do four hundred percent tariffs on French wine.

Speaker 6 (41:40):
Of all these things happening all at the same time.

Speaker 4 (41:43):
It it is disruptive for the markets over the short term,
but again, I don't trade the markets over the short term.
Now when it comes to tariffs, comes to tariffs. I've
discuss this here on the program.

Speaker 6 (42:01):
I am I'm not a fan.

Speaker 4 (42:04):
I am not a fan of tariffs at all. And
I'm gonna be quite honest with you. I don't think.
I'm not a big believer that Donald Trump is a
big fan of tariffs.

Speaker 6 (42:14):
I don't believe it.

Speaker 4 (42:16):
However, I do believe that when you're playing a ballgame, Okay,
when you're playing a ballgame, you want the rules to
be the same for both sides. You want the rules
to be the same for the both Yankees playing a
Red Sox. You know there's three strikes, the same for
both teams.

Speaker 6 (42:36):
Well, when you look at the way.

Speaker 4 (42:38):
Tariffs are handled, it's again, it's a way for the elites,
the people in power in many respects, to not only
enrich themselves, but to have they're you know, protect their
little constituencies, their interests, what makes them wealthy. I for me,
a trade deal should be on one page, one page.

(43:01):
I'm not going to put tariffs on your stuff. You're
not going to put tariffs on my stuff. And away
we go. Now that there's other things that play a
part in this whole tariff story, the government getting involved
in subsidizing certain industries. We jump up and down and
we complain about the money that China puts in and

(43:21):
supports certain industries. Or for example, when they they produce
so much steel and they produce it at a loss,
and those businesses can run at a loss because the
government is keeping them afloat hard to compete against something
like that, And we highlight that here in the news,

(43:42):
and rightfully so. But don't we do the same thing.
What do you think the Chips Act was? The Chips
Act was what our government subsidizing billion dollar corporations, helping them,
helping them build their businesses with.

Speaker 6 (43:59):
Tax payer dollars.

Speaker 4 (44:01):
Not right, not fair, and there has to be, you know,
something done about that. You know, in a perfect world,
I was asked about this, and in my opinion, a
perfect world, you're dealing with a situation where there's no
tariffs on anybody, and governments don't get involved in the
private sector, and you let businesses compete against one another

(44:26):
on a level playing field. Is the playing field level
right now?

Speaker 6 (44:32):
No, it's not. Now.

Speaker 4 (44:35):
Again, this doesn't apply. This doesn't apply to regulations or taxation,
whatever it may be. I think it's important that nations
compete against one another in regards to providing an environment
where businesses want to set up shop, where they want
to do business. You can take a look at Germany

(44:58):
and what they've done. You've got a major manufact cturing
country that shot itself in the foot because it decided
to go all nonsensical green crap, shut down its nuclear
power plants, has energy costs that have gone through the roof,
relied upon Russia for crying out loud, making no sense whatsoever,
and they've seen their manufacturing base fall apart, companies picking

(45:21):
up shot moving elsewhere. I mean, we have that transpire
here in the United States with competition between states or
certain states. It's much easier to do business here than
it is over there where our.

Speaker 6 (45:35):
Business is going to go.

Speaker 4 (45:36):
That's good, healthy competition, lower taxes, and funny, there is
a Biden and yelling in the European Union. Remember they
talked about that race to the bottom when it came
to taxes. Ah, it's a big race to the bottom here.
We gotta have a we gotta have a minimum tax rate.
Why why why if a country can run its you know,

(46:00):
do handle its business and not have to tax it's
citizens and businesses at a ridiculous level, Well, good for them, they're.

Speaker 6 (46:08):
Doing something right.

Speaker 4 (46:11):
Like I got to kick out of this past week,
the state of Florida not only got ranked one for
its economy, they got ranked No. One for education too. Again,
why do you think people are moving there? It's an
attractive place to do business. Now again, let me give

(46:32):
you an example how this works. You know, it's worked
against us. And go back to the Obama years. There
was something that happened often during the Obama years. It
was called a tax inversion. It was funny this past
week they had the Prime Minister of Ireland was that
the White House name Donald Trump pointed out on how hey,

(46:52):
you guys were smart. Y're smart. You took advantage, you
took advantage of the United States. You were smart, and
they were This was during the Obama years. Company after
company after company here in the United States said, you know,
we got the highest corporate tax rates in the world
here in the United States. Why don't we why don't

(47:14):
we get acquired by a smaller entity. It's called a
tax inversion in Ireland, and we have to pay less
than taxes. And that's what was happening again and again again,
we're biding. At the time, was all upset and these
are not patriotic companies and they're doing the wrong thing.

Speaker 6 (47:30):
No, no, they're doing the right thing. The CEOs of
those companies were doing the right thing by the shareholders
of that company. You want to smack them up side
the head. With the highest corporate tax rates in the world,
why wouldn't they leave.

Speaker 4 (47:43):
You're not treating them properly.

Speaker 6 (47:46):
You got to treat human beings.

Speaker 4 (47:47):
Governments have to treat human beings in businesses as customers.
Let the chips fall where they may, let them go
where it is the best place to do business. That's
where capital go automatic EBB and flow. And that's how
these areas have to compete against one another. Tariffs, it's

(48:09):
a disconnect. It causes a dick disconnect. It puts up barriers,
but I get it. I get it when certain countries
are saying, hey, listen, now you know what, We're just
going to make it impossible for you to sell these
items here, and they have their reasons for doing that.

Speaker 6 (48:33):
Again, it needs.

Speaker 4 (48:36):
To be dealt with, and we're still coming to grips
with all of this. Am I a fan in how
all of this is being handled right now? Now I'm
being honest people, I'm not a fan and how this
is being handled to me Again, as I said, I'm

(48:58):
talking about calculus or chaotic, I understand, I understand. You
know what CEOs and many people are going through right now.
When they don't know what is going to happen, it's confusing.
Businesses need to make investments. They need to put capital

(49:20):
to work. They want to put capital to work. That's
what a business. They want to take money, they want
to invest it, they want to develop products, they want
to do all of these things.

Speaker 6 (49:29):
But they have to know what the rules are going
to be.

Speaker 4 (49:35):
If they don't know what the rules are going to be,
if they don't know where the tariffs are going to be, if.

Speaker 6 (49:39):
They don't know where the proverbial land.

Speaker 4 (49:41):
Mines are, they are not going to put money to work.

Speaker 6 (49:48):
Who would do that? And right now, you know, every
day it's something new, it's something different.

Speaker 4 (49:56):
Again, we're being told Trump's got his various different peace
people out there basically telling everybody to be patient.

Speaker 6 (50:03):
This is all gonna work out.

Speaker 4 (50:06):
I hope, so because you are going to have, without
a doubt, growth will be muted. Companies will not put
capital to work if they again, if they can't see.
It's like driving it, you know, at night and a
massive snowstorm out there, and you've got the lights on

(50:28):
your car and you know, you can't even put the
high beams on. It's the worst thing to do because
it's bouncing off the snowflakes and you can see only
a few freet in the front of the car. And
again from upstate New York. So again it's something that
I understand. That's what it's like right now. This is
not good for businesses.

Speaker 6 (50:46):
It's not now.

Speaker 4 (50:47):
The hope is that this is all going to change shortly,
and we're gonna get some semblance of what the rules
are gonna be, and we're gonna see the government cut
back on regular elimiting ten regulations for every new regulation.

Speaker 6 (51:04):
We've seen some of it already seeing some really interesting
things come out of the EPA.

Speaker 4 (51:10):
This past week, we've seen energy prices come down, a
lot of things that will lower costs. Inflation has come
way down. But again the all clear has not sounded yet.
And in my opinion, that's why you're seeing all of
the volatility. And we predicted all of this quite frankly,

(51:34):
we predicted everything that's going.

Speaker 6 (51:36):
We told you this year twenty twenty five was.

Speaker 4 (51:39):
Going to be a very very volatile year, just based
upon Trump's personality, how trading works, and again, changes changes
in paradigm. Things are being done differently and it's going
to cause some upheaval. And again I'm gonna I'm gonna
ask the question, does it matter? Does it matter right

(52:01):
now if we're making the country stronger, making the country stronger,
putting it on more solid footing, so we can get
back to that really great dynamic growth that we have
not seen. Okay, we haven't seen gangbuster economic growth since
the Reagan Clinton years.

Speaker 6 (52:24):
We got Bush in between it.

Speaker 4 (52:25):
We haven't seen it. We haven't seen it. Everything has
been you know, due to you know, government spending all
goosed up.

Speaker 6 (52:33):
Nonsense.

Speaker 4 (52:35):
You want to get back to that climate, and I
certainly do there's going to be some volatility moving forward.
Got to take a break. Watchdog on Wallstreet dot com.
Watchdog on Wallstreet dot Com again, become part of our family,
The Watchdog on Wall Street family, Markowski Investments family.

Speaker 6 (52:55):
Our personal c if all program, and.

Speaker 4 (52:58):
Our podcast, our newsletter are all sorts of great stuff
there at our site, Watchdog on Wall street dot com.
Or give us a call eight hundred four seven one
fifteen ninety four. That number again, eight hundred four seven
to one fifty nine eighty four.

Speaker 7 (53:16):
Let me tell you I got for you.

Speaker 1 (53:29):
Teaking Wall streets, liars, crooks and cheeks out behind the woodshed.
You're listening to the Watchdog on Wall Streets.

Speaker 6 (53:38):
Ah yeah, A late great Jim Croche.

Speaker 4 (53:41):
This was a regular on the Markowski Family road trips
as a kid, the eight track back in the nineteen seventies.

Speaker 6 (53:48):
If you know, you know, welcome back. Ah yeah.

Speaker 4 (53:54):
The the media, and again we've talked about several weeks
ago in the program, we talked about how the media
works with political parties and crafting narratives and how they
go about selling things. And I'm seeing this across various
different news sites you're seeing headlines Trump's economic messaging is

(54:16):
spooking some of his own advisors. And again you've got
random sources within the Trump administration saying that they're scared,
and you know, people are jittery in regards to what
is going on.

Speaker 6 (54:30):
Then you get stories.

Speaker 4 (54:31):
Small business people were jubilant over Trump's victory in November,
they've since grown very uncertain about the US economy. Come on, people,
you don't own a business, You're always going to play
the game where you're uncertain what's going to happen next.
And that's the right way to do things. But again
that there is some truth to some of these things.

(54:54):
Like we just said, wanting to know, wanting to know
what the rules are, what the rules are, and right
now nobody really knows. Nobody really knows.

Speaker 6 (55:07):
I am.

Speaker 4 (55:07):
My prediction, I'm pretty confident in this is that much
of this is going to get settled sooner rather than later,
and we're going to have something set up and again
we'll be able to move based upon that.

Speaker 6 (55:25):
And you remind people, you know.

Speaker 4 (55:28):
EU tariffs were a bit of a joke, quite frankly,
the tariffs that they put on us. And again I
quite understand Donald Trump's you know, knee jerk viscual reaction
to the fifty percent tariff on American whiskey over in Europe.
But the things that Europe we're putting tariffs on, it's
small potatoes. Quite frankly, There's there's not much these these

(55:56):
countries can really do that. We're the biggest market in
the high world. They need to be selling into our
country and they know that. You know, some of the
problems in particular with Europe, and we've discussed this, it's
not so much the tariffs, it's their damn regulations when
they come after our tech companies because they don't build

(56:17):
anything or create anything over there. Then they start coming
after our companies with all this other nonsense that that's
worse than the tariffs. And hopefully that's falling in line
with some of these discussions as well. Anyway, I have
to talk as well about government spending. Okay, because this
is a part of it.

Speaker 6 (56:37):
Can you get the.

Speaker 4 (56:37):
Media out there, well, you know, there might be a recession,
there might be a recession. All these cuts. You know,
Muscat's going in there with a chainsaw and not a
scalpel of who the hell cares first? And foremost. Okay,
and again I'm gonna reiterate this much of our GDP,

(56:58):
much of our GDP, and.

Speaker 6 (56:59):
I'm gonna go all the way back to Clinton.

Speaker 4 (57:03):
Okay, and I'm sorry all of you crazy Republicans out there.
Clinton was far superior a president to George W. Bush
as far as the economy was concerned, far superior. We
were on much much more stable ground as a nation
when Clinton was president than after George W. Bush took

(57:26):
over and decided to spend babyspend and that's what he did.

Speaker 6 (57:32):
For crying out loud.

Speaker 4 (57:33):
We ran budget surpluses at the end of the Clinton administration. Yeah, yeah,
to all you young people out there, that wasn't that
long ago. Okay again when I was engaged to be married. Okay, again,
I know I'm getting kind of old. We ran budget surpluses.
We're now thirty six trillion dollars in debt. Anyway, we

(58:01):
have to have a detox. Economic detox is what we
need to go through.

Speaker 6 (58:10):
And it's there's gonna gain.

Speaker 4 (58:12):
It's gonna involve some hits government getting cut when we
have you know, twenty five percent of our do you
know the twenty five percent of our GDP flows through
the two two zero zip area code Washington, DC. They
don't build anything, they don't create anything. You're cutting all
of that out. That is fantastic. It is a wonderful,

(58:36):
wonderful thing. We get rid of all of that waste.
It will put this country on much more stable footing.

Speaker 6 (58:43):
So we can get.

Speaker 4 (58:44):
Back to those days, the Reagan and Clinton years where
we had that that amazing a growth that would take place.

Speaker 6 (58:53):
We haven't seen that. Young people. You don't have any idea.

Speaker 4 (58:59):
Yea, yeah, you're watching stranger things than you think you No, no, no, no,
no no no no no no.

Speaker 6 (59:03):
He was booming.

Speaker 4 (59:04):
Okay, And we're not gonna We're not gonna grow like
that if we continue to have so much of what
we do run through Washington DC. More on this we
get back Watchdog on Wallstreet dot com. Watchdog on wallstreet
dot com again, take advantage all the great stuff we
have our website, Watchdog on wallstreet dot com, or give

(59:24):
us a call eight hundred four seven one fifty nine
eighty four.

Speaker 1 (59:35):
You're listening to the Watchdog on Wall Street. This is

(59:58):
the Watchdog on w Street.

Speaker 6 (01:00:05):
I found it funny. I found it funny.

Speaker 1 (01:00:08):
I was.

Speaker 4 (01:00:10):
I was away last week. I was away last week
and I came back, was out of the country. It
came back, and I actually flew into to Boston and
went to see my son and he had a lacrosse
game at college, and I forgot. I forgot that it
was spring Ahead, and I recognize it because then all

(01:00:33):
of a sudden it became news and various different people, Ah,
we need to.

Speaker 6 (01:00:36):
Get rid of it. No, we got to keep it.

Speaker 4 (01:00:38):
Oh my god, spring ahead, spring you know, fall back,
spring ahead, all this other nonsense talking about clocks, clocks,
and I'm thinking of that cold place on clocks.

Speaker 6 (01:00:47):
What a great tune.

Speaker 4 (01:00:47):
But anyway, the only clock, the only clock that they
should be talking about in Washington, d C.

Speaker 6 (01:00:55):
Is the debt clock. Period. That's it, the debt clock.

Speaker 4 (01:01:03):
Because every hour, every damn hour, our debt clock adds
two hundred million dollars, every hour, six hundred million dollars
further in debt. Over the length of this radio show,

(01:01:29):
get your arms around that now.

Speaker 6 (01:01:32):
I want I want to talk a.

Speaker 4 (01:01:33):
Little bit about the continuing Resolution and shut the government
down and the battle between Donald Trump and Thomas Massey.

Speaker 6 (01:01:42):
I don't know.

Speaker 4 (01:01:43):
Trump didn't come that hard down on Ran Paul for
some reason. But anyway, the House Freedom Caucus came out
and supported this continuing resolution and they're calling it a
paradigm shift. It's going to reduce freeze ending for the
next six months to allow President Trump and the administration

(01:02:04):
to continue their critical work within the executive branch to
find and eliminate waste, fraud and abuse.

Speaker 6 (01:02:08):
We'll wait a second.

Speaker 4 (01:02:10):
Isn't that what Elon Musk has been doing? Has he
not been finding waste fraud and abuse? He has has
what we every day every day we see these stories.
I got a question here. I'm raising my hand. Okay,

(01:02:31):
all right, picture of the watch. I'm sitting the back class,
and excuse me, I'll do like welcome back on missed
the Kada, missed the Kada. Listen, if you found all
of these things already, why not eliminate them now?

Speaker 5 (01:02:46):
Just just just asking, if you have found all of
these damned things already, why don't you eliminate them now?

Speaker 4 (01:02:57):
Just saying you found them? No, no, no, no. What you
what you rather have happen is you'd rather have more
court cases. Here's quite frankly, the reality the things that
dose just finding the things that they're doing. This is great,
but the best way to deal with wasteful spending, quite frankly,

(01:03:20):
is through Congress. That's their job. That's their job. You
want to take all of these judges out of the equation.
Why all of these things that those found, why couldn't
you write them?

Speaker 6 (01:03:35):
How difficult is?

Speaker 4 (01:03:36):
Oh? You guys don't want to spend time working late.
You want to burn the midnight oil. Right them out
now again. The House Freedom Caucus goes on here saying
and oh, this kills the prospect of a budget busting,
pork filled omnibus. This fiscal year breaks the long standing
practice of the swamp of handcuffing, increases and defense funding

(01:03:58):
and increases in non defense bureaucracy, contains zero earmarks, makes
major decisions the IRS, and the so called Commerce slush
fund includes additional funding for immigration enforcement and deportation operations
with prevent Democrats from derailing the agenda with go nowhere
governments shut down? Well no, well, making so the government.
But anyway, my question is, okay, I don't trust any

(01:04:26):
of you. Okay, And with all due respect to you, people,
listening to the program is a bit of a wake
up call. Why do you trust? Why do you trust?
Why do you trust? Republicans? When they come out and
they say things. The few and far between out there
that are actually honest about what's going on, and I

(01:04:47):
can count them on maybe one, if not two hands,
maybe two hands. You know, the the argument for the
continuing resolution back in September of twenty twenty four. Hey, yeah,
we're gonna we're gonna do this continuing resolution.

Speaker 6 (01:05:05):
Remember there's the whole thing. We're gonna shut the government down.
I'm gonna shut the government down. Republicans want to shut
the government down. No, we'll do continuing resolution. We're gonna
get this.

Speaker 5 (01:05:12):
We're gonna win the election, and then we're gonna come
back and fight fight fight, fight fight.

Speaker 4 (01:05:16):
In December, yep, December of twenty twenty four, Trump one,
Trump one.

Speaker 6 (01:05:23):
What was the argument then, Well, no, no, no, no, no, no,
we're gonna do now. We're gonna do now. We're gonna wait,
We're gonna wait.

Speaker 5 (01:05:29):
Until after the inauguration. We're gonna get this done in
March of twenty twenty five.

Speaker 4 (01:05:34):
Well, guess where we are. We're in March of twenty
twenty five. What did they do again?

Speaker 5 (01:05:41):
Hey, another continued resolution, We're gonna come back.

Speaker 4 (01:05:44):
And fight, fight, fight, fight fight in September of twenty
twenty five. I don't believe you. I don't believe you.
Most of Congress is off for.

Speaker 6 (01:05:59):
The entire month of August for crying online. What are
they going to actually get done? Nothing? Nothing.

Speaker 4 (01:06:08):
I don't trust him. More on this we get back
Watchdog on Wallstreet dot Com. Watchdog on Wall Street dot
Com again, become a part of our family, the Watchdog
on Wall Street family of Markowski Investments family, Watchdog on
Wall Street dot Com or give us a call eight
hundred four to seven four.

Speaker 1 (01:06:42):
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 (01:06:53):
How do you will witness it? This past week? But
Trump Trump went after after Representative Massey and again he
is uh. I mean, all, do you know super Trumpsters
out there? I'm not a super Trumpster. Okay, just say
you now you listen to this program. I'm an equal
opportunity basher. I will give credit where credit is due,

(01:07:16):
and I'm gonna come after you because that's what we
all should do. These people work for us. Donald Trump
works for US. And if you're going after a guy
like Thomas Massey who is MAGA.

Speaker 6 (01:07:31):
Well before Donald Trump was MAGA.

Speaker 4 (01:07:34):
Who has been consistent in his beliefs and going after
cutting and wasteful spending. Trump went after him after he
was against the Cares Act, that COVID monstrosity that Trump passed.
That was an absolute disaster. Okay, let's not forget people.

(01:07:55):
His COVID response was a disaster, just as much.

Speaker 6 (01:07:58):
As Biden's response was a what he just asked for?
Two again. Maybe we'll get into COVID a little bit
later on the program.

Speaker 4 (01:08:04):
We're talking about five year anniversary here, But anyway, I'm
just throwing this out there. Okay, why in God's beautiful,
wonderful creation are we reallocating money to the same programs
that Elon Musk and Doze just highlighted for cuts. Think

(01:08:26):
about that for a second.

Speaker 5 (01:08:29):
We're cutting this, we're cutting that, we're getting rid of this,
we're getting good, good.

Speaker 4 (01:08:34):
But did they really sure Marco Rubio slashes eighty three
percent of US AID programs. Hal's Doze for supporting historic reform. Okay,
then what do you need the money for? You're cutting
all these programs what do you need the money for.

Speaker 6 (01:08:52):
Oh, they still want their money.

Speaker 4 (01:08:54):
They still want their money, because I'm telling you right now,
for the most part, most Republicans are no different and Democrats.

Speaker 6 (01:09:02):
They again, they have.

Speaker 4 (01:09:03):
Preferences on where they want to spend money, but they
want to continue to spend it. I'm not making this
up again. This made me throw up in my mouth.
This past week, you had twenty one twenty one House Republicans,
led by New York Republican Andrew Garbarino, writing a joint

(01:09:27):
letter to the Houseways and Means Committee Chairman, urging Congress's
chief tax writer to preserve hundreds of billions of dollars
in green energy tax credits.

Speaker 6 (01:09:41):
That's right, these are Republicans.

Speaker 4 (01:09:44):
Yeah, three hundred and fifty billion dollars. These Republicans want
to go to their own little green boondoggles within their states.

Speaker 6 (01:09:58):
It's the Unit Party, kids. What why do you think
they don't want to make these cuts. They still want
their cash.

Speaker 4 (01:10:08):
They just want to spend it the way they want
to spend it.

Speaker 6 (01:10:13):
It's gross and you should be upset.

Speaker 4 (01:10:17):
Watchdog on Wall Street dot Com Watchdog on Wall Street
dot Com come a part of the Watchdog on Wall
Street Family, We'll be.

Speaker 7 (01:10:25):
Back, sat up seed to history.

Speaker 1 (01:10:33):
Chris Markowski is the watch dog on Wall Stone. You

(01:10:54):
should believe in math, not of magic. You're listening to
the Watchdog on Wall Street with Chrisski.

Speaker 4 (01:11:04):
Look back, everybody, It is the watchdog on Wall Street show. Okay,
Trump calls for the repeal of the Chips Act. Watch
watch all of you people that got upset because I
just went after Trump. I'm going to give him kudos here.
This is like a Christmas present. This is fantastic. I

(01:11:29):
couldn't agree more. We have to get back to a
point in time here in this country where the government
does not get involved in the private sector at all.

Speaker 6 (01:11:44):
And I'm I'm happy.

Speaker 4 (01:11:46):
I'm hoping that Trump is starting to get this and
understand that this is a step in the right direction.

Speaker 6 (01:11:52):
I went off on this and again this was bipartisan.
Who is bipartisan?

Speaker 4 (01:11:57):
You had lots of Republicans side off on his buying boondoggle.
And again, get your arms around this. This is the
United States government. United States government thirty plus trillion dollars
in debt, taking tax dollars and handing it over to
billion dollar corporations, one of which Taiwan's Semiconductor they gave

(01:12:22):
money to after Taiwan Semikin.

Speaker 6 (01:12:26):
Was already planning on building a plant.

Speaker 4 (01:12:28):
We already started a plant in Arizona, and they still gave.

Speaker 6 (01:12:32):
Them the money.

Speaker 4 (01:12:32):
Why would you do that. We're in the United States Constitution.
Does it provide for them general welfare clause? Oh God,
I love James Madison, but boy he wrote that one wrong.

Speaker 6 (01:12:47):
Again. Yeah, I gotta get a hell.

Speaker 4 (01:12:49):
You hand it to the brilliance of the founding fathers
and what they did and what they put together.

Speaker 6 (01:12:53):
But man, I wish they were a little bit.

Speaker 4 (01:12:55):
More specific when it came to that general welfare clause
because that's used for everything, every boondoggle out there.

Speaker 6 (01:13:01):
For the wolf.

Speaker 4 (01:13:03):
So you're taking my money, you're taking my fellow citizens
tax dollars, and you're handing it over to a company.
We don't get shares in the company. We're not getting
dividends from that company. It's nonsense. Industrial planning doesn't work.

Speaker 6 (01:13:20):
The Left loves.

Speaker 4 (01:13:21):
It again because they think they're so smart. They think
that they can run a little utopia.

Speaker 6 (01:13:26):
What was that video.

Speaker 4 (01:13:27):
Game from back in the day. Was it SimCity or
something like that? You design your own little city. They
think that they can. They think that they can engineer
an economy, run it, pick and choose winners and losers.

Speaker 6 (01:13:39):
You can't. It doesn't work that way. If a company
needs to fail, a company needs to fail.

Speaker 4 (01:13:48):
What you need to do is you need to make
this country as competitive as possible. We have everything in
the world going for us far as our our legal system,
constitution are the energy that we have here. You provide
an environment for businesses to set up shop. Guess what

(01:14:09):
they'll come, and they'll come from all over the globe.
You do not need to take taxpayer money and hand
it over. Politicians love doing this stuff. They love giving
tax breaks, tax credits. Ah, you come here, We'll give
you a break. That should be illegal, should be legal.

Speaker 6 (01:14:31):
Again.

Speaker 4 (01:14:32):
The Declaration of Independence, Jefferson talks about all men being
created equal. No, we're not all equal. We're all different.
We're all different. But he met was we were all
supposed to be equal under the law. And the way
our economy is run today by the big club, the

(01:14:55):
watchdog on Wall Street, access of evil big business politicians
in the media. They give carveouts and handouts and giveaways,
whether it be through the tax code, whether it be
through the federal registry, whether it be through tariffs, whatever
it may be. And it doesn't make everyone equal. So

(01:15:18):
you know, let's go to upstate New York where I
said Micron, Micron's putting a plant in outside of Syracuse,
New York. Now, there's no way, shape, matter of form
would Micron ever put a plant in upstate New York
outside of Syracuse, unless, of course, Chuck Schumer wasn't the
Senator of the state of New York. He was the
one that got them to put that plant there. Now

(01:15:40):
they're paying any taxes?

Speaker 6 (01:15:41):
No, no, But does the little mom and pop diner
in that area have to pay taxes? Absolutely? How's that fair?
How's that right?

Speaker 4 (01:15:55):
No one should be allowed any of these carveouts and giveaways.
It's just wrong anyway. Anyway, Crypto reserve, ah boy, trump
Pad is little crypto meeting and the actually the crypto
markets were not happy about. Well, you know what came

(01:16:18):
out of that. They they basically said, Okay, we're going
to start having some sort of crypto reserve, but it's
going to be based upon assets that they seized. They
make no bones about it. But he all knows this.
You can't argue this. It is a currency for bad
guys to get that. So when they said they're going
to seize currency from bad guys, they're going to stick

(01:16:39):
it into this crypto reserve. The government is not going
to go out at least that's what they're saying. They're
not going to go out in the open market and
start buying crypto currencies. My issue with this, okay, is
you've created a slush fund.

Speaker 6 (01:16:57):
You've created another slush.

Speaker 4 (01:16:59):
Fund, and all you need is another politician to come
in and I do declare, I do decree executive order.

Speaker 6 (01:17:08):
It's an emergency.

Speaker 4 (01:17:09):
I need to go into this crypto fund because I
need to spend money on this boon doggle or that
boon doggle or whatever.

Speaker 6 (01:17:18):
It may be.

Speaker 4 (01:17:21):
Anytime any of these things are set up. We talked
about this with the Sovereign Wealth Fund stuff.

Speaker 6 (01:17:26):
You must have specific, iron clad, unbreakable.

Speaker 4 (01:17:31):
Rules and how the funds are to be dispersed or used,
because you know it.

Speaker 5 (01:17:36):
As well as I know it, they're gonna take that money.

Speaker 4 (01:17:41):
How you think about all the billions and billions and
billions and billions of dollars, the COVID dollars that was
sent out that wasn't spent on anything that had to
do with COVID for crying out loud. It's still out
there and they're still spending it because they don't care. Okay,
I don't like it. I don't trust these people and
Watson DC. Okay, we don't need a bloody crypto reserve.

Speaker 6 (01:18:05):
Anyway.

Speaker 4 (01:18:05):
I gotta think a break. Watchdog on Wallstreet dot com.
Watchdog on wallstreet dot com.

Speaker 6 (01:18:10):
Is our site.

Speaker 4 (01:18:11):
Become a part of the Watchdog on Wall Street family,
personal CFO program, podcast, newsletter, Watchdog on Wallstreet dot com,
or give us a call a hundred four to seven
eighty four.

Speaker 1 (01:18:25):
Rainbow Wall You're listening to the Watchdog on Wall Street,
well known alternate investment banker, consumer advocate, analyst, trader Chris Markowski.

(01:18:49):
He's the Watchdog on 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 (01:19:02):
You can't handle the truth.

Speaker 1 (01:19:05):
Bringing America the truth about what really happens in the
financial world.

Speaker 3 (01:19:09):
Ladies and gentlemen, We're out here to indulge in fantasy,

Speaker 1 (01:19:14):
This is the watchdog well spreads.

Speaker 4 (01:19:20):
You know, you know, I'm gonna I'm gonna go here.
I'm gonna change directions a little bit. It's a something
we really need to talk about again. I we spoke
a lot obviously during the time during COVID. We covered
extensively the nonsense that was taking place here in this

(01:19:42):
country on our podcast that was deplatformed.

Speaker 6 (01:19:48):
Really really hurt.

Speaker 4 (01:19:50):
Us by just being honest, but being honest and having
discussions on our podcast. It it it wrecked it, I
mean completely, and it got put in all sorts of
uh digital jail. And we were we were accurate. We
we talked about the Barrington Deck very We covered everything

(01:20:14):
we here in the program, and we went into understanding
respiratory disease and how it works.

Speaker 6 (01:20:21):
And again it didn't. He didn't.

Speaker 4 (01:20:25):
You could have done it on your own. I mean,
we did it here. And for what where are we
at now? I don't know if we've actually even learned anything.
It's it's lent right now. And again it's it's time

(01:20:45):
you're supposed to be re orienting yourself, repenting, giving things up,
trying to make yourself a better person. So I was
sitting in church. I was sitting in church I was
in It was in Italy, that's where I was. And
there's this beautiful church in Florence. It'sically one of the

(01:21:06):
oldest churches in Florence, and it's actually you know, a
thousand years old, bigger than you know, older than the Duomo.
And it's actually this little courtyard in the courtyards, there's
like limbo courtyard. It was a place where they actually
buried children who weren't baptized, that died before they were born.

(01:21:27):
And discussion had to do also with forgiveness and the
importance of forgiving others. And the priests asked the question
at Master's Institute, you know, making sure, they said, you
know you think about it. I want you to sit
down and pray about, you know, anything that you harbor

(01:21:48):
against anyone, ill will, things that people have done wrong
to you. And you know, people who know our story
at Markowski Investment State, aware of the things that happened
in my career and and whatnot. I forgiven everyone I

(01:22:09):
have forgiven, and I searching my brain trying to think,
I'm you know, I'm like, you know, who do I
need to forgive. Am I harboring any ill will towards anyone?
And I couldn't think of anything at the time, So
I guess my man, I'm feeling pretty good about myself

(01:22:30):
leaving mass until I was, you know, again, reminded this
week five year, five year anniversary of the COVID lockdowns
and everything that took place, And when I think about
that period of time, I get enraged. I I have

(01:22:53):
a I I'm having a difficult time trying to forgive
all of the people that were involved with this and
what they did to this country. What they did to
this country was terrible. I even think about points of time.

Speaker 6 (01:23:16):
Where during COVID.

Speaker 4 (01:23:20):
I would act completely I did things I'm I'm upset
about I completely acting out of character, where I lashed
out at people.

Speaker 6 (01:23:32):
I remember, I'm at a restaurant.

Speaker 4 (01:23:34):
I'm at a restaurant, and again it was during stupid
COVID rules in New York where you could sit down
at the table and you could take your mask off
and you can eat and you can drink, but then
if you get up and you had to walk across
and go to the bathroom, you had to put.

Speaker 6 (01:23:53):
A mask on. Again.

Speaker 4 (01:23:56):
I plain as day, I got up and I went
to them, and I didn't have my mask on, and
the the maj Or d, the host of the restaurant,
you know, you gotta need to put your mask out
all stuff, and.

Speaker 6 (01:24:07):
I just I lashed out. I lashed out.

Speaker 4 (01:24:12):
I remember being at a coffee shop in New York.
He has stupid rules. Okay, super rules. You could sit
down and drink your coffee, but you couldn't stand up
and drink your coffee. And I guess my mask was
below my nose and some somebody in line started lecturing
me on it, and I lashed out. And you're not

(01:24:33):
supposed I'm not supposed to do that.

Speaker 6 (01:24:39):
Day by day. I don't even let you.

Speaker 4 (01:24:41):
Gotta go back and think about the event by event,
the things that transpired over that that period of time.
I actually I started getting I got so frustrated.

Speaker 6 (01:24:53):
It was come like May and June. Kids not in school.

Speaker 4 (01:24:57):
My my son, he was a junior, my oldest one
was a junior in high school at that point in time,
and they legitimately would have won the state CHAMPI had
a really good shot to win the state championship and lacrosse,
that's how good their team was going to be had
that completely canceled all of their sports canceled. I'm watching

(01:25:20):
these kids with with absolute nothing to do. So I
decided to start up illegal practices. Yeah, and again it
wasn't just I was just multi sport things I would do,
you know, sending out emails to kids from all ages,
and I said, okay, meet at this ball field here
and we're gonna, you know, do this or do that,
and then having you know, busy bodies come and shut

(01:25:43):
us down, call the police on me. I try to
find another place. I'm at a church in our neighborhood
playing now.

Speaker 6 (01:25:51):
Oh no, you can't do that. I'm like it again,
tried my patience. Any I was a big rule A
you can't stay at home, stay safe. Yeah, you're having parties,
parties all the time to give damn.

Speaker 4 (01:26:08):
Togive, damn yeah, trank way too much alcohol over that
period of time, without a doubt. Hey, my wine consumption
definitely went way up over that period of time. But
rage and I still have it. God forgive me, I
still have it. I'm still enraged by this in many ways.

(01:26:30):
I'm I'm a set and my fellow citizens for falling
for this. It again, we failed. We failed an intelligence
test as a nation. Quite frankly, when it came to this,
nobody nobody questioned a darn well. Some people did, but

(01:26:55):
most people did not at all. They didn't even want to.
They just again, you can kind of see what watching
the whole COVID thing transpire, you could kind of people like, well,
how in all the world that that happened in Nazi Germany?
What people just like to follow? They're not critical thinkers

(01:27:20):
who are crying out loud? All those are the people
in charge. You are telling us just gonna follow along.
We're not gonna question your authority. Nope, nope, gonna follow
on with that. Stay home, stay safe, put it up
on your put it up on your social media. For
crying out loud.

Speaker 6 (01:27:34):
And you know a few of us out there reasoning. Wait,
wait a second here, you shut down all of the
small stores, all of the small stores in our community,
but you left open Target and Walmart.

Speaker 4 (01:27:51):
So you mean to tell me you got this respiratory virus.
Rather than spread everyone out, you're sending everyone to the stores.

Speaker 6 (01:28:02):
Could could you explain the logic and reason?

Speaker 4 (01:28:05):
No?

Speaker 6 (01:28:05):
Shut up? No, no, no, no, no question. Oh no, Watch Andrew Clomo.

Speaker 4 (01:28:10):
And again I I I It's it's like it is in.

Speaker 6 (01:28:14):
The worst nightmare.

Speaker 4 (01:28:15):
I'm the four o'clock press conferences with Trump, Fauci and Berks,
and nobody is held accountable. Nobody has been held accountable.

(01:28:36):
People got filthy rich, people became billionaires off of this,
millionaires of how many times over aren't you get in
the contract for stupid plexiglass. I was a refuge, came

(01:28:59):
to UH, came to Florida, got away and was amazed
and how much free it was. But even here the
radio station that I'm broadcasting from now, when I was
broadcasting back then, plexiglass up and this is here in
the state of Florida.

Speaker 6 (01:29:11):
And I said, what why are you guys doing this?

Speaker 4 (01:29:13):
Oh, it came from corporate. Corporate's in California. You know,
we gotta follow all these rules. How many people out
there gonna get a you know, get COVID PTSD.

Speaker 6 (01:29:24):
With Still stores still have stickers in certain places on
the floor.

Speaker 4 (01:29:30):
Do you remember when they had social distancing at the
airports in lines, But then you got an airplane, he
sat right next to somebody.

Speaker 6 (01:29:40):
And then it would serve food and drinks.

Speaker 4 (01:29:42):
But you were you were allowed to take your mask
down when you were having your food and drink. It
was anybody who had a few brain cells. It's torture,
absolute torture, the entire episode. And I I'm not not
fully confident. I'm not fully confident that much of the

(01:30:07):
country really learned a darn thing. Like I said, I
get enraged when I talk about this or I think
back and I don't. It's like I want to block
it out completely, want to block it out.

Speaker 6 (01:30:21):
It was awful, awful. I keep thinking about things.

Speaker 4 (01:30:25):
A National Guard at the airport's in New York coming
off the plane. They wanted to interrogate you and take
all this information from Andrew Cuomo. I kid you not
you remember the remember O. J. Simpson through the commercials
in the airport for Hurts where he's running through the
airport trying to get.

Speaker 6 (01:30:41):
That Remember that that was me. I'm like, come get me,
and I brought. I don't care. They're just doing their job.
I don't give it.

Speaker 4 (01:30:49):
Damn interrogating me, taking my information and gotta get phone
calls from Andrew Cuomo. Police in the state of New York.
No way have we learned anything. I don't know, No no,
you see what's happening in the country right now.

Speaker 6 (01:31:09):
We're going after Elon Musk is a fascist? Okay, fascist?

Speaker 4 (01:31:14):
Really again, I'm gonna go to Anigo Montoya from a
princess bride.

Speaker 6 (01:31:19):
You keep using that word. I don't think it means
what you think it means.

Speaker 4 (01:31:26):
Again, people calling him a fascist, attacking him, going after his.

Speaker 6 (01:31:32):
Car dealerships, his cars.

Speaker 4 (01:31:35):
For cutting waste, trying to save the taxpayer.

Speaker 6 (01:31:39):
Money, because that's what they were told to do. That.

Speaker 4 (01:31:44):
That's because they're they're they're cult members. They're cult members.
That's what they were that they got their marching orders. Sometimes,
you know, think about, oh, yeah, human beings are so smart.

Speaker 6 (01:32:01):
Yeah, yeah, certain ones, many or not many or not? Again,
have you get yet to get a single you know, single?

Speaker 4 (01:32:13):
Uh? You know type of a coherent response to what
Musk is doing is saying how it's bad him going
through and cutting government waste and for and looking for
efficiencies in government which will be which will be great for.

Speaker 6 (01:32:28):
Everyone outside the parasite class.

Speaker 4 (01:32:33):
No, it's the same thing, given their marching orders. Anyway, Again,
I guess I had it. I'm still thinking maybe if
I talk about it more, maybe it'll be cathartic.

Speaker 6 (01:32:46):
You know, God forgive me. I can't.

Speaker 4 (01:32:52):
I'm having a very difficult time trying to forgive all
of these people that were involved. I know that's what
I'm supposed to do as a Catholic, but I very
difficult time. Watchdog on Wallstreet dot Com. Watchdog on Wallstreet
dot Com.

Speaker 1 (01:33:09):
We'll be back, wow, bringing America financial freedom one listener

(01:33:34):
at a time. You're listening to the Watchdog on Wall
Street with Chris Markowski.

Speaker 4 (01:33:41):
All Right, I gotta change directions here. I got I
gotta move on to the positive there. But again, you
know five here and I had to address it. I
wouldn't forgive myself if I didn't address it. But anyway,
we gotta talk a lot about wealth, wealth, how to
build wealth without luck, how to.

Speaker 6 (01:34:02):
Build wealth without luck.

Speaker 4 (01:34:03):
Again, part of the problem is many many people out
there feeling they look at someone and they'll say.

Speaker 6 (01:34:10):
Well, you know.

Speaker 4 (01:34:12):
They're wealthy because they have this or that or this
happened to them or whatever it may be. Now, I'm
a big fan of newer star du A Lippa. Okay,
I love her music. I think she's phenomenal. Now, without
a doubt, God has blessed her with singing ability, looks,
all of these various different things talent, So she's had

(01:34:34):
various different things given to her.

Speaker 6 (01:34:35):
They could say that that's lucky.

Speaker 4 (01:34:38):
Okay, but again, she also took those talents and abilities
and she worked at them and she did something with it.
Do people sometimes in life get Lucky's stories of you
know how people are discovered? You think it was a
Chevy Chase was discovered. He was standing in line, standing

(01:35:01):
in line for a movie, and Lauren Michaels was actually
behind him, heard him, found him funny, and that's how
he was discovered. You know, you hear these stories like
why can't that happen to me? Listen, Okay, don't go
through life like that. We talk about this here on
the program all the time. You want to make the

(01:35:21):
country a better place, you need to build, create, protect,
and teach. Yeah, yeah, you know listen. Oh jeez, you
know what I You know, I wish.

Speaker 6 (01:35:32):
I wish I was six foot three, six for four,
two thirty and I could play middle linebacker for an NFLT.
It didn't work out that way. And I don't even like wish.
I don't know.

Speaker 4 (01:35:40):
I used to wish about these things. It didn't work
out the way. I don't even think about it anymore.
Stop looking at others and look to one's self.

Speaker 6 (01:35:49):
How do you build wealth?

Speaker 4 (01:35:52):
It's not about money, okay, Stop thinking about money, Stop
thinking about status. Building wealth is about having assets, acquiring assets,
growing your own assets, building your own assets that make
you money while you are asleep.

Speaker 6 (01:36:12):
Money money is just.

Speaker 4 (01:36:14):
A means of conducting transactions, that's all. I don't like
having money. I like my money working for me. I
want my money invested. That's what you need to understand. Now,

(01:36:36):
you're not going to get You're not gonna get wealthy,
not gonna get wealthy by at This is what it is,
just having a job working for other people, even though
you have to do that. This is why we always
talk about side hustles. You must own stuff, own a
piece of a business, start a business so you can

(01:36:59):
gain findancial freedom again. You can do little things on
the side. You'd be surprised. I don't know about you.

Speaker 6 (01:37:09):
This is kind of why I look at life. There's
not a day that doesn't go by. There's not a
day that doesn't go.

Speaker 4 (01:37:14):
By where I don't see an opportunity to start a business. Yeah,
I'm like, wow, there's something that could be done there. Oh,
there's an opportunity to make money there. I can't clone
myself and do a million different things. I'm already up
thirty every day, work until late in the day.

Speaker 6 (01:37:33):
There's only so many hours a day. I love what
I do. But you'd be amazed if you could actually
see if you start actually.

Speaker 4 (01:37:42):
Thinking about, well, you know what, there is a product
that someone needs. There is a service that people would need,
and I could provide that. And what you do as
well as you arm yourself with specific knowledge in these

(01:38:02):
various different areas, specific knowledge that separates you from everybody
else and allows you to build this up. I hope
this is not sound and comp I am trying to
get sorted. This is not a complicated thing.

Speaker 6 (01:38:20):
This is how.

Speaker 4 (01:38:21):
This is how it's done people, And it doesn't happen overnight.
Everything in life, everything in life that has meaning, value.

Speaker 6 (01:38:31):
And worth involves work, time and effort.

Speaker 4 (01:38:35):
But another thing as well, One of the things you
need to do is you have to you must embrace accountability.

Speaker 6 (01:38:42):
Okay, we'll talk you know what. We're gonna talk.

Speaker 4 (01:38:44):
About accountability when we get back Watchdog on Wallstreet dot Com.

Speaker 6 (01:38:48):
Watchdog on Wall Street dot Com is our site. Don't
go anywhere, We'll be.

Speaker 4 (01:38:52):
Back creature with you.

Speaker 7 (01:39:00):
Come on, job, come on.

Speaker 1 (01:39:12):
Chris Markowski is the watch dog on Wall Street taking

(01:39:34):
Wall streets, liars, crooks, and sheets out behind the woodshed.
You're listening to the watch dog on Wall Street.

Speaker 6 (01:39:48):
Owning it.

Speaker 1 (01:39:50):
Now.

Speaker 6 (01:39:50):
What we're talking about.

Speaker 4 (01:39:53):
How to build wealth, how to build wealth and building
up equity and owning business and again not looking at
other people's pockets and the time that's involved in and
stop looking. Yeah, being that way I talked about you
mentioned it earlier on in the program. All the places

(01:40:13):
you go in a different way, but the waiting place,
waiting for your.

Speaker 6 (01:40:16):
Next big break, make it, make your own breaks.

Speaker 4 (01:40:22):
But but some of the some of the things that
you must have traits you must have, one of which
is accountability. Accountability and also accountability also goes along with humility.

(01:40:43):
You you need to own everything. Okay, I say this
skin again. When you want to know when someone's a
true adult in life is they don't place blame. They
don't place blame. I am President Markowski Investments.

Speaker 6 (01:41:04):
I work with my brothers called president. We're equal.

Speaker 4 (01:41:08):
Okay, work that way, we take ownership in everything that happens.

Speaker 6 (01:41:13):
Everything.

Speaker 4 (01:41:15):
If if there is a screw up at Markowski Investments, okay,
I own it.

Speaker 6 (01:41:22):
It's my fault. Everything falls on it's my name.

Speaker 4 (01:41:30):
Once once people understand, okay, society as a whole, your
community understands that you're that type of person. You're not
going to be looking for scapegoats. You're not going to
look to point fingers. You're gonna be one that's going
to be trusted. You're going to own it. On the

(01:41:52):
other side of this, the flip side of this, Okay,
you're gonna have success. Let's say have success. You build
your business up, you have success. You need to do
not take credit, No, no humility.

Speaker 6 (01:42:13):
You need to do. You need to be humble.

Speaker 4 (01:42:15):
You need to thank all of the people that helped
you build up to this success, that helped you all
along the way. You might get credit, you might get
no you, No, it's not me, it's them. I wouldn't
have done it without them.

Speaker 6 (01:42:37):
Very important.

Speaker 4 (01:42:40):
Another thing as well, Okay, all you young aspiring business
owners out there, you've got to do.

Speaker 6 (01:42:47):
Okay, you've got to do I'm telling you right now.

Speaker 4 (01:42:51):
Uh you know, stop with buying one hundred different business books,
listening to all these how they listened to this business
podcast and how to start up a business? Oh, come on,
come on. For the most part, you're wasting your time.
You're wasting your time. Okay, there are better things that

(01:43:13):
you need to be doing, and that's just that doing.
Let's let's take a look at a different moment. You
want to be a great golfer or a great basketball
player or anything, You've got to go out and you
have to do it.

Speaker 6 (01:43:32):
Yeah. Sometimes I get this from from people.

Speaker 4 (01:43:36):
Uh, and these are successful people and they they're looking
to switch careers, maybe stop the business that they're in,
and they always say, I always wanted to own a restaurant.
Like really, that's nice, that's nice. You know what what
should I do? Because we help people out with these things.
But I'm like, well, first thing you should do okay

(01:43:57):
before I ask if you ever worked in a restaurant, No, okay,
well you want to own a restaurant. The first thing
you should do if you've never worked in a restaurant
is you should go down to your local restaurant and
apply for a dishwasher job. What yeah, yeah, yeah, you
need to go and you need to apply for a
dishwasher job. And then you start out as dishwasher, and

(01:44:22):
then you know what, you look to get some extra
extra shifts as a bar back, and you're gonna learn
how to be a bartender. You also might want to
work in the kitchen a little bit, work the line,
understand how that works. Then you got to also work
in the front of the house and understand how that works.

Speaker 6 (01:44:38):
Okay. That's what it's.

Speaker 4 (01:44:39):
Gonna take for you to own a restaurant. Okay, that's
it is what is Okay, you want to be an
investor in someone.

Speaker 6 (01:44:49):
Else's restaurant, Okay, that's.

Speaker 4 (01:44:51):
A different story. You're gonna be a passive investor. But
you want to own a place.

Speaker 6 (01:44:54):
You want to run the place.

Speaker 4 (01:44:56):
You got to equip yourself with the knowledge to actually
go out and do that.

Speaker 6 (01:45:00):
That's a skill. Okay.

Speaker 4 (01:45:04):
You can read books on some of this stuff, but
you have to go out and do Okay, read a book,
Ah yeah, how to play basketball like Mike Michael Jordan.
You canna read that book. You're gonna read that book.

Speaker 6 (01:45:18):
And is that you're gonna be any closer to being
a great basketball player? No?

Speaker 4 (01:45:22):
No, sure, Okay, may set you up and some drills
and some things that you need to do to acquire
the skills, but you have to go out and do
them and to go along with this as well. Okay,
your time, your time, you're gonna be busy. Okay, you're

(01:45:42):
not taking meetings. Okay, meetings are a waste of time.

Speaker 6 (01:45:45):
They are.

Speaker 4 (01:45:46):
I'm just telling you right now. Meetings are a waste
of time. I can't tell you how many how many dinner,
coffee lunch invites I get over the course of the
week from various different fund managers and the people that
we do clearing stuff.

Speaker 6 (01:45:59):
They're to take out the lunch. That's nice.

Speaker 4 (01:46:02):
I appreciate that. I appreciate the invite, but I don't
have the time. You can't waste time. What was that
line by Gordon Gecko. There was a couple of them
in the movie. He's like lunch, lunch is for whimps.
And what was the other one there? They said, you
know rich enough not to waste time. And it's not
even about the money, it's just about the nonsense. There's

(01:46:28):
no such thing as getting rich quick.

Speaker 6 (01:46:31):
People.

Speaker 4 (01:46:32):
Okay, you know, so again, certain people are gonna try
to get rich off you. You want to go build
your own wealth, make it happen. We've talked about this, build, create, protect,
and teach.

Speaker 6 (01:46:48):
Well we went long. Gotta take a break. Watch Dog
on wallstreet dot com. Watchdog on Wall street dot com
our site again. Become a part of our family.

Speaker 4 (01:46:55):
Watchdog on Wall street dot Com.

Speaker 6 (01:46:58):
Give us a call. Eight hundred four seven one fifty
nine eighty four.

Speaker 1 (01:47:15):
This is the Watchdog on Wall Street.

Speaker 6 (01:47:27):
Are already.

Speaker 4 (01:47:33):
Oh man, I know I can't help myself again. You
talk about you see all these people protesting the government
jobs cuts and things that are taking place, and it's terrible.

Speaker 6 (01:47:45):
This is awful.

Speaker 4 (01:47:49):
Come on, come on, okay, listen, Okay, And again these
are people I know, I've spoken people work in the government.
They know how many people that are working had to
do absolutely nothing. You want to give I'm gonna give
you an example of just how ridiculous government is.

Speaker 6 (01:48:08):
Okay, Over the past ten years, past.

Speaker 4 (01:48:16):
Ten years, okay, let's go two thousand, twenty fifteen, two
thy twenty five, the number of US postal workers increased
by thirty percent, by thirty percent.

Speaker 6 (01:48:35):
And I'm still trying to figure this out. Okay.

Speaker 4 (01:48:38):
I remember back in the day growing up in upstate
New York.

Speaker 6 (01:48:43):
I have the postal workers would walk. They would walk.

Speaker 4 (01:48:49):
From you know, house to house, walk up, put the mail.
Our mailbox was at our front door. Yeah, I live
in you know, Tampa, Florida.

Speaker 6 (01:48:58):
Now they don't.

Speaker 4 (01:49:00):
Mailboxes have to be on the street and they drive
up to the mailbox they put it in there. Thirty
percent more postal workers over the past ten years. This
is why at the same time the total the total
deliveries fell by twenty five percent. What only the government

(01:49:21):
needs more workers to do less work. But how how
much your stamp prices up up over fifty percent over
that period of time, and yet the US Postal Service
still lost about sixty five billion dollars. Okay, you think

(01:49:45):
you think Amazon was built that way? No, no, no,
Privatize the damn thing, sell it off.

Speaker 6 (01:49:52):
I don't care.

Speaker 4 (01:49:53):
What all the government loving cry babies want. Okay, this
is a joke. Watchdog on Wall Street dot com. Watchdog
on Wall Street dot com.

Speaker 6 (01:50:04):
We'll be back.

Speaker 1 (01:50:13):
You're listening to the watch Dog on Wall Street, the

(01:50:36):
only man who is taking on the Wall Street establishments.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 6 (01:50:47):
Spok aback.

Speaker 4 (01:50:50):
I often take uh little red poke fun here on
the program. It's all in good fun. We make fun
of we used to make fun of the millennials, that
we make fun of the gen Zers, Well I have.
I've got to give a quite the shout out to
the gen Zers. And again it's not just the gen Zers.

(01:51:14):
I'm hearing some great things from all over the country
as far as this is concerned, all over the world
for that matter.

Speaker 6 (01:51:22):
So I was.

Speaker 4 (01:51:24):
I was in Italy and went to church. Again I
mentioned earlier on in the show. There's this Utu, the
oldest church in Florence, and they have masses in English.
And I went the Sunday before ash Wednesday and.

Speaker 6 (01:51:42):
It was packed. This again is Schirch thousand years old,
wonderful priests. It was packed with American kids.

Speaker 4 (01:51:54):
Florence is a big spot for studying abroad.

Speaker 6 (01:52:00):
Quick I did it.

Speaker 4 (01:52:01):
I did it, you know, a million years ago when
I was in college, and I was blown away, blown
away the amount of Americans going to kids going to
church on Sunday.

Speaker 6 (01:52:18):
Fast forward a few days later, Ash Wednesday.

Speaker 4 (01:52:21):
Packed and I again, I I it made me so
happy to see this because that wasn't the I be honest, wasn't.

Speaker 6 (01:52:34):
The case when I was in school. It was not
the case.

Speaker 4 (01:52:39):
And we're hearing this all over the country, the same things.
People coming back to men all what was happening all
over Europe as well in France and other places that
were like, I can't believe all these young people are
coming back.

Speaker 6 (01:52:54):
I don't sign of good. I mean again, you look at.

Speaker 4 (01:52:56):
A lot of negative things, and it's easy to focus
on negat of things because we're constantly bombarded by them
all the time. But this again, it again, I was
ear to ear smiles. It was just it was wonderful.
It really was wonderful to see anyway. Anyway, we got

(01:53:17):
to get back to having a little bit of fun
here with the nonsense in government.

Speaker 6 (01:53:23):
How many people everybody raises their hand to this one.

Speaker 4 (01:53:26):
How many people get aggravated when they go to the
airport and you've got lines as far as.

Speaker 6 (01:53:33):
The eye could see. Well, doesn't have to be that way.

Speaker 4 (01:53:40):
Well, the Department of Homeland Security is ending collective bargaining
for TSA officers. Why, well, I'm not making this up.
The TSA. The TSA has more people doing.

Speaker 6 (01:53:58):
Full time union work.

Speaker 5 (01:54:03):
Versus performing actual screening functions at eighty six percent of
US airports.

Speaker 4 (01:54:12):
Put another way, three hundred and seventy four at A
four hundred and thirty two federalized airports have fewer than
two hundred TSA officers to perform screening functions, while the
rest are paid by the government but work full time
on union matters and do not retain certification to perform screening.

Speaker 6 (01:54:34):
What exactly do they do all day? I'm just asking
your full time union functions.

Speaker 4 (01:54:45):
And again, right out of the Sopranos, right out of
Paul Walnuts sitting outside sunning himself outside a government product,
what possibly could you do all day.

Speaker 6 (01:55:00):
That office office space? It was spot on you.

Speaker 4 (01:55:07):
You do get bored at work just going in and
not doing anything union function for TSA workers. What's more,
the Department of Homeland Security cited recent TSA employee survey
which found that over sixty percent of poor performers are

(01:55:30):
allowed to stay employed and not surprisingly, continue to not perform. Yeah,
and again we we like saying mercover number one. I'm sorry, okay,
I said, you know, travel through some airports from around
the globe and watch how it's done the right way.

(01:55:52):
And compare it to the nonsense that we have to
go through here.

Speaker 6 (01:55:55):
I mean, you know, you get.

Speaker 4 (01:55:57):
Your your you know your TSA thing, you know your
TSA pre preyed pre what is it TSA pre five?
What are they call I don't know, the global entry
TSA approval, whatever it may be.

Speaker 6 (01:56:07):
And you got a special line.

Speaker 4 (01:56:09):
How are you noticing that the lines that you have
to go through, you pay the government, you get your
pre approval, all this stuff, these lines are now becoming longer.

Speaker 1 (01:56:17):
Than it's just.

Speaker 6 (01:56:20):
Backwards backwards.

Speaker 4 (01:56:24):
This again, Tulsi Gabbard during her confirmation hearings, they called
her a Russian agent. Remember this one too long ago,
called her a Russian agent because she was warning about
Syria and what would happen after a sad fell.

Speaker 6 (01:56:48):
Oh no, you're Russian agent.

Speaker 4 (01:56:50):
I got this this guy here, and she's like, wait
a second, this guy is al Qaeda and you're going
to have a power vacuum here and you're going to
have problems.

Speaker 6 (01:56:59):
Well here's something that's not being covered on our news.

Speaker 4 (01:57:06):
People are now being crucified. Christians are now being crucified
in Syria. I get the videos for these things and
I can't even tell you. I can't even tell you.
This is what happens. This is what happens. Okay, some
areas of the world, quite frankly, need somebody to get
them under control. We've got a power vacuum there and

(01:57:28):
people are being killed. God help them, God bless all
of us. I gotta take gotta take a seven day break, kids,
we gotta go. I can't believe we're out of time.
Watchdog on Maallstreet dot com. Watchdog on Maallstreet dot com.
God bless you all will see it.

Speaker 1 (01:57:52):
Chris Markowski is the watchdog. Umball Stores six six

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Watchdog on Wall Street: Podcast for Weekend of March 15 - March 16 2025

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Watchdog on Wall Street: Podcast for Weekend of March 15 - March 16 2025