March 26, 2025 • 5 mins
Chris gloats as the New York Times echoes his take: Europe’s military spending unity is crumbling. From von der Leyen’s ‘ReArm Europe’ rebrand to ‘Readiness 2030’ to Kaja Kallas’ stalled Ukraine aid, he says it’s all talk—no action. www.watchdogonwallstreet.com
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Holy Schnikey's you know it's a cold day in hell
when the New York Times is echoing my sentiments. Yeah, yeah,
here's another c I told you so a moment. It
wasn't even that long ago. Yeah, New York Times headline
today Europe talks tough on military spending, but unity is fracturing.
(00:40):
It didn't take long. What was it, two or three
weeks ago? I get a podcast on this. I'm laughing
at this, all these European car fucking puffin' We're gonna
spend and we're gonna be a powerful European military. Nah,
not not gonna happen. Even the New York Times again,
(01:04):
they were probably crying when they saw this and actually
seeing the reality of what we were telling you. The
inevitable gap between talk and action and unity is facturing already,
especially when it comes to spending and borrowing money in
a period of low growth and high debt. The Dutch
(01:24):
and others are not fans of raising collective debt for defense.
Keeping Hungary on board is ever more difficult. And when
the President of the European Commission Ursula Vonderland announced a
plan for billions more for the military called rearm Europe,
two of the block's largest countries, Italy and Spain. And
(01:46):
that's a bit aggressive. So now the plan has been
rebranded as Readiness twenty thirty. Why twenty thirty by twenty thirty,
well Trump will be gone by then, Trump will be going. Actually,
you know, probably a better spend, a better spend for
(02:09):
the Europeans is theates are probably you know, like like
they did, you know, spent money and the UK tried
to get Biden re elected. And you know what I'm
actively working against Donald Trump is you know, push push candidates,
push neo con candidates here in the United States. Where
(02:30):
can they can get back to, you know, basically doing
nothing and we continue to flop the bill. Why do
you think that they're gonna wait this out? I said,
what you know, jeez, We're gonna We're gonna rebuild our military.
You know, Trump could be out, Trump's gonna be out
in for years. You know who knows what's gonna happen.
(02:52):
We can wait this out over that period time. That's
what they're doing.
Speaker 1 (02:59):
Again.
Speaker 2 (03:00):
It's funny here. Kajak Kallis, the former Prime Minister of Estonia,
is now the chief Foreign and security official for the
European Union, has been a forceful advocate for supporting Ukraine
as a first line of European defense against aggressive militarized Russia. Again,
I want to remind everybody that the European Union sent
(03:22):
more money to Russia last year for energy than they
did sending money to Ukraine for weapons. Fact. Anyway, it's
been a rocky start for miss Callous. Her effort to
get the EU to provide up to forty billion euros
more than forty three billion to Ukraine through a small
(03:42):
fixed percentage levy on each country's national income has gone nowhere.
That's right, that's right. Her backup proposal for an added
five billion as a first step toward providing Ukraine two
million artillery shells this year was also rejected by Italy,
Slovakia and even France. The countries insisted that contributions to
(04:06):
Ukraine remained voluntary, bilateral and not required by Brussels.
Speaker 1 (04:14):
Again.
Speaker 2 (04:14):
Uh, you know, she's she's not happy about the effort
that Trump has to push a cease fire. She said,
the free world needs a new leader. It's up to
us Europeans to take this challenge. Not going to happen.
(04:40):
It's just just not going to happen. Talk talk, talk
to I guess you know we we've said that this
was the case. The New York Times has obviously come
over to Wow, amazing, come over to Markowski side extraordinary,
you know again. Filing under Don't doubt Me. Watch Start
(05:01):
on Wall Street dot Com.
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Holy Schnikey's you know it's a cold day in hell
when the New York Times is echoing my sentiments. Yeah, yeah,
here's another c I told you so a moment. It
wasn't even that long ago. Yeah, New York Times headline
today Europe talks tough on military spending, but unity is fracturing.
(00:40):
It didn't take long. What was it, two or three
weeks ago? I get a podcast on this. I'm laughing
at this, all these European car fucking puffin' We're gonna
spend and we're gonna be a powerful European military. Nah,
not not gonna happen. Even the New York Times again,
(01:04):
they were probably crying when they saw this and actually
seeing the reality of what we were telling you. The
inevitable gap between talk and action and unity is facturing already,
especially when it comes to spending and borrowing money in
a period of low growth and high debt. The Dutch
(01:24):
and others are not fans of raising collective debt for defense.
Keeping Hungary on board is ever more difficult. And when
the President of the European Commission Ursula Vonderland announced a
plan for billions more for the military called rearm Europe,
two of the block's largest countries, Italy and Spain. And
(01:46):
that's a bit aggressive. So now the plan has been
rebranded as Readiness twenty thirty. Why twenty thirty by twenty thirty,
well Trump will be gone by then, Trump will be going. Actually,
you know, probably a better spend, a better spend for
(02:09):
the Europeans is theates are probably you know, like like
they did, you know, spent money and the UK tried
to get Biden re elected. And you know what I'm
actively working against Donald Trump is you know, push push candidates,
push neo con candidates here in the United States. Where
(02:30):
can they can get back to, you know, basically doing
nothing and we continue to flop the bill. Why do
you think that they're gonna wait this out? I said,
what you know, jeez, We're gonna We're gonna rebuild our military.
You know, Trump could be out, Trump's gonna be out
in for years. You know who knows what's gonna happen.
(02:52):
We can wait this out over that period time. That's
what they're doing.
Speaker 1 (02:59):
Again.
Speaker 2 (03:00):
It's funny here. Kajak Kallis, the former Prime Minister of Estonia,
is now the chief Foreign and security official for the
European Union, has been a forceful advocate for supporting Ukraine
as a first line of European defense against aggressive militarized Russia. Again,
I want to remind everybody that the European Union sent
(03:22):
more money to Russia last year for energy than they
did sending money to Ukraine for weapons. Fact. Anyway, it's
been a rocky start for miss Callous. Her effort to
get the EU to provide up to forty billion euros
more than forty three billion to Ukraine through a small
(03:42):
fixed percentage levy on each country's national income has gone nowhere.
That's right, that's right. Her backup proposal for an added
five billion as a first step toward providing Ukraine two
million artillery shells this year was also rejected by Italy,
Slovakia and even France. The countries insisted that contributions to
(04:06):
Ukraine remained voluntary, bilateral and not required by Brussels.
Speaker 1 (04:14):
Again.
Speaker 2 (04:14):
Uh, you know, she's she's not happy about the effort
that Trump has to push a cease fire. She said,
the free world needs a new leader. It's up to
us Europeans to take this challenge. Not going to happen.
(04:40):
It's just just not going to happen. Talk talk, talk
to I guess you know we we've said that this
was the case. The New York Times has obviously come
over to Wow, amazing, come over to Markowski side extraordinary,
you know again. Filing under Don't doubt Me. Watch Start
(05:01):
on Wall Street dot Com.
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