Watchdog on Wall Street: Podcast for Weekend of March 29 - March 30 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, trainer.
Chris Morkowski is the watchdog the Wall Street. Do you
want to answer exposing the lines and myths that the
big brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom.

Speaker 2 (00:28):
You can't handle the true proof.

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

Speaker 3 (00:35):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.

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

Speaker 4 (00:45):
Theahcuseus we do live in interesting times, keeping keeping me
buddy busy for crying out loud. Can't trust uh, can't
trust the stories in the media. You gotta watch the spin.
Ah ends never ends, the show prep never ends. Here
at the lunch doog on Wall Street Show, Welcome everybody.

(01:07):
We got a lot we gotta go over on the program.
Yes we're gonna get to tariffs. Yes we're gonna break
down Signal Gate. Yeah we're gonna rip into Uh, We're
gonna rip into the Republicans today. Don't doubt me. I
told you, I told you they were gonna start balking
on spending cuts. We'll get into that and much much

(01:29):
more on the program today, but I want to start
off today like we always do well. This past week, again,
I do spend some time obviously, have no choice. Got
to follow the business press. I've got to be aware
of what they're trying to dupe you into at some
point in time, or what narrative they're trying to shove
down your throat. And watching this past week sing several

(01:50):
columns this past week, I was reminded of there's a
something again. I try to get it across when we
talk about financial prep issues here on the programs. You know,
I want to talk about boundaries basically guidelines. This is
kind of an interesting thing, especially you know, at this

(02:11):
point in time, I'm you know, practicing Catholic lent has
taken place right now, and you're supposed to many people
give things up for lent, denying yourself certain things. And
I've been asked this before when it comes to you know,
following rules and delay again, following rules, delayed gratification, denying

(02:37):
yourself certain things in life, and people saying, well, if
you do that, you're truly not free. And I would
thoroughly disagree with that. I would wholeheartedly disagree with that. Unfortunately,
we live in a world where we walk around, we
walk around. Everybody's got the power of an es gods

(03:00):
in their pocket, with phones, access to all sorts of information,
NonStop information get from any source out there. You can
have alerts pop up on your phone telling you what's
happening here there, social media.

Speaker 5 (03:17):
You can be an online trader.

Speaker 4 (03:18):
They can tell you, oh my god, volume in your
stock is up, and oh my god, it's up a
quarter point, maybe you should do something. And all of
this noise, all of this noise, all of this information
being thrown at people. But the issue is we many
of us don't have wisdom, don't not handle all of

(03:43):
this information. And this is something that again my belief system,
we have to constantly look look for wisdom when you're
making choices. This is a special is throughout everything in life.
The things that we teach you about financial preparation here

(04:05):
on the program, quite frankly, are it's it's applicable to
everything in life. A lot of things happen when you start,
you know, start looking to build wealth and money. And
they say, again, this is human nature, this is the
little devil on the shoulder, impure motives, the inability.

Speaker 5 (04:30):
You think you know more than you do, think.

Speaker 4 (04:32):
You know more than you do.

Speaker 5 (04:33):
Oh, you've done some homework, you've read some books.

Speaker 4 (04:36):
You're listening to some people on TV and they said, oh, yeah,
well this happened at this point in time. That means
going to happen again. No, you have limited vision. And
you also, you're a human being. You're not wired properly.
Quite frankly, you're not wired properly to be a good investor.
You have fight or flight response. Emotion gets in the
way and various different problems like this, they pull you

(05:02):
in self destructive directions. And this is why, this is
why in life we need boundaries. We need boundaries. Boundaries
help us, rules help us define our priorities, and it
helps you to develop a strategy. Now, right now is

(05:25):
gonna be a life strategy. But worth right now, we're
gonna talk about money. We're gonna talk about your finance.
You need to One of the boundaries that you need
to put up it is you must be mechanical in nature.
You have to be mechanical in what you're doing and

(05:45):
saying okay, I'm going into this position. However, I am
not gonna lose any more than this in the same sense. Okay,
I'm going into this position as it becomes over size,
I'm doing well in in video or whatever it may be.
At that point in time, you take a profit, you

(06:09):
rotate assets. I don't care all of a sudden, Oh
my god, you're intuition. I think it's gonna go higher.
I think it's gonna do this. No, don't use your
own intuition. Set boundaries, be mechanical. These help that help

(06:31):
you choose the right things, help us choose the right
things to put into people's portfolios. But it's also it
helps you control risk and your portfolio. And how often
do we talk about not letting risk lead to ruin Diversification? Again,
this word is unfortunately, fortunately it's been used, in my opinion,

(06:56):
for the wrong things in this country. Diversity is our
all that woke nonsense they've been shoving down our throats.
But as far as diversification in one's portfolio, okay, that
means okay, and we all know, oh, can't put all
of our eggs in one basket. This is these things
are in the Bible for crying out loud Ecclesiastics, divide

(07:20):
your portion to seven or even to eight, for you
do not know what misfortune may occur on Earth. Cannes
is I didn't invent these things. I've talked about this
for twenty five years here on the program. I'm not
an investment guru. I'm not. We do well because we
follow the rules of the universe. It's that simple. I

(07:42):
don't look for shortcuts that are out there. And being
diversified also means again, you got your boundaries there that
you set. Like I just said, things are going well
in certain areas, well, you know what, That's all well
and good, but you know what, let's take some proper
fits off the table and let's diversify or rotate assets

(08:04):
to other areas. These are some of the things that
you have to follow, you have to do if you
want to be successful.

Speaker 5 (08:16):
You also have to understand it.

Speaker 4 (08:18):
You see these people that are on TV that claim
to know this is what I think, and again they're
very emphatic and what they have to say. No one knows,
there's no heart, and no one knows what the future,

(08:40):
what's gonna be down the road. We talk about that
all the time. And having an anti fragile portfolio, being able,
being able to get stronger when things don't go your way.
This is something again that Wall Street and the media
likes to throw at you all the time, and how
they try to sell you stuff, guarantee stuff, and how

(09:03):
they're sure this is gonna happen, and they're very confident
in what they have to say. You can take their
forecasts and you can flush them down the toilet. Saw
many of these, the big Wall Street prognosticators out there
this past week. Mike Wilson, Oh you got this one,
that one. This is what they're predicting. Do you understand
how wrong they have been over the past sever years

(09:25):
and these are supposedly the best in the business. Ignore,
you know, a bit of advice. Okay again this again.
I mentioned this over the past couple of weeks. Ignore
the explanations of what they're giving you, why the markets
are doing this, that or the next thing. It doesn't matter.

(09:47):
It doesn't matter. Another boundary, boundary that you have to
set up for yourself. Rules you have to set up
for yourself. I've mentioned this before. I said, get quick.
Con Artists the world's second oldest profession and it's true.
Stop looking for short cuts. If I came on this program,

(10:13):
if I came on this program one day and all
of a sudden, I started promising the sun, the moon
and the stars in a short period of time, and
we can show you doubles and triples on your money.
I'm telling you right now, my website would blow up,
blow up. People would, but they want to believe these things. Oy.

(10:35):
You get many radio fools out there, shlockbrokers on programs
all over the country doing this very same thing. They're
full of it. Man. You know how we make money slowly?
We get rich slow. I quite frankly, I don't know
any other way. I don't know anyway. Dishonest money, quick money.

(11:03):
You know what it does. It goes away more losses,
more losses occur from people.

Speaker 5 (11:12):
And every single year they were setting records.

Speaker 4 (11:15):
They're out of scams, people getting ripped off, whatever it
may be. You know, more often than not it's short term,
get rich quick garbage. You need to avoid all of that. People.
I got any people. They always talk about Warren Buffett
and Charlie Munger and Berkshire halfaway. I do you think

(11:38):
they built what they built overnight? Charlie just died for
crying arms one hundred years old. Decade after decade after
decade of doing the right thing. You take a look
at great investment professionals, great investment professionals from all over

(12:06):
all over the world throughout history. Is the Stanley Drunken
Millers of the world, the the Warren Buffetts of the world.
What do you think that they do it overnight? No,
that's a red flag man. Another thing and the last boundary. Okay,
then I'm gonna I'm gonna give you today. I'm gonna

(12:26):
give you boundary for today on the program. And again
this is something that I've I've talked about in the past.
You need to own everything in life, the decisions that
you make. You need to accept responsibility for your decisions.
You need to you need to be involved, You need

(12:48):
to acquire knowledge of the basics. But again, when you
don't know, you have to go out there and you
have to seek counsel. Just one of the things I
oftentimes get questions I can't answer.

Speaker 5 (13:01):
I don't make it up. I say I don't know.

Speaker 4 (13:04):
I like to think that I surround myself with people
at Markowski Investments that are brighter than me, especially when
it comes to accounting and legal and a myriad of
different things. With that being said, another good way to
look at what you're building, the wealth that you're building.

(13:25):
Don't look at it as it's yours. Don't think of it.
Think of it as as you are. You're you're growing something,
you're building wealth. But you need to be a steward
over what you're doing. There was a great song, just
thought about it off the top of my hand. It's
Elton John song and it was it was actually it

(13:48):
was a tribute to Elton John.

Speaker 5 (13:50):
It's called empty Garden.

Speaker 4 (13:53):
And you know space the story about a gardener, you know,
and seeing that he was, you know, tending his garden
and taking care of everything. That's what you need to
think about with what you're doing. When you're building wealth,
what you're doing, you're being a steward of these assets.
You can do enormous good for the entire world. Man,

(14:16):
no shortcuts, no get rich quick. Here at the Watchdog
on Wall Street Show in Markowski Investments, this is just
simple wisdom that has been around forever. Got to take
a break. You're listening to the Watchdog on Wall Street Show.
Watchdog on Wallstreet dot com, Get it's our site. To
become a part of our family, the Watchdog on Wall

(14:39):
Street family, the Markowski Investments family.

Speaker 5 (14:41):
Sign up for our personal.

Speaker 4 (14:44):
CFO program right there at our website. Everything at our
website's absolutely free personal CFO program. Our podcast, sign up
for that there as well. Newsletter you name it Watchdog
on Wallstreet dot com, or give us a call at
eight hundredth four, seven to one fifty.

Speaker 1 (15:00):
Four, taking Wall Streets Liars, crooks and cheeks out behind
the woodshed. You're listening to the watch Dog on Wall Streets.

Speaker 4 (15:30):
Oh right, Welcome back everybody.

Speaker 5 (15:32):
It is the one of the only watch Dog on
Wall Street show.

Speaker 4 (15:35):
Always honored to have you tuned in to the program again.
You know, for many people out there, I'm not I
don't want to intimidate anyone. I sometimes I hear that
from people from time to time when I say, you know,
I was gonna call, I was gonna go to your website,

(15:56):
But I don't know. I you know, I'm not that far.
I'm not that a student of an investor. You know,
I've only got this amount.

Speaker 5 (16:06):
There's no and I've explained this before.

Speaker 4 (16:08):
We don't put up any barriers at Markowski Investments. We
don't put up any barriers at Markowski Investments, which is
not something we do. We help everyone out. It was
one of the things that quite frankly, it's like you
know a certain you remember certain things that happened to
you in life that kind of like you kind of
think about after the fact, that kind of put you

(16:29):
where you are. I remember when I first again this
is decades ago with an s, when I first got started,
when I first got started on Wall Street. And again,
I come from a you know, a middle class family
upstate New York. My dad's a school teacher and a
janitor own a janitorial business. I've told this story before.

(16:50):
And you know, I'm working on Wall Street and you know,
they're they're making fun of people, aw this piker, this
one this way. They didn't want a deal, didn't want
to help anyone out unless they had a lot of money.
And I you know, I'm like there, I'm raising my
hand like basking like Tom Hanks's character there, and big,
why why wouldn't you want to help these people out?

(17:12):
Isn't that our job? Isn't that our job to make
people wealthy? And I've said this before, that is the
most rewarding thing about what we do at Markowski Investments.
It's great, Fie, it's fine. You know, listen, Okay, the
clients that we have that are you know, millionaires many

(17:32):
times over. You know, that's that's one thing. And maintaining
their assets and growing their assets and helping them do
what they want to do, that type of generational wealth.
That's all wonderful. That's great. You know, what's really great
is getting people to that point in time, and that's
that's pretty rewarding as far as my career choice is concerned.

Speaker 5 (17:55):
I'm being honest with you here.

Speaker 4 (17:59):
Saying people that you know, we've been helping out for
for three decades and where they're at today where they
came from awesome. So again I want to remind everybody
out there, oh I only go to one hundred thousand,
two hundred thousand, I don't have five million. Listen, we
help everyone out. I know we're a family office operation.

(18:20):
I get that, but we're different, different from everybody else,
and quite frankly, this, you know, God willing it continues.
We're growing like gangbusters, growing like gangbusters. More and more
advisors are reaching out to us from all over the country.

(18:41):
Wanting to join, wanting to become a part of what
we do. Our family here. It's it's it's an endeavor,
it's a challenge, but it's good as we're going to
continue to build. We've always been about the individual investor.

(19:03):
The individuals are small business owners Wall Street, Wall Street.
They think of you, and I've explained in this before,
they think of you as a greater fool, a dupe,
somebody to sell their garbage too. We've told the story
about Morgan Stanley when they took over Dean Winter. I

(19:25):
can give a myriad of them in my career that
that's not who we are. We take our fiduciary responsibility.
That seriously. Anyway, quickly on this next story. I got
to point this out. This is an example of them
trying to get you to do stupid things. This was

(19:46):
CNBC headline this past week. Investors would have been better
off buying Brookshire Hathway shares than mag seven to start
twenty twenty four. Now that's nice, but what do you
try trying to do? What are you trying to do?
You're trying to trying to get people to second guess themselves,
trying to get them to trade willy nilly and do

(20:08):
things that are not going to be prudent. How about this,
how about owning some Burke Sirawa Hathaway and also owning
some tech stocks as well, dollar cost averaging and owning
them when they come back down. Now, you see what
I'm telling you is not news, so they won't print that.
They rally it rather rile you up and get you

(20:28):
to do something stupid.

Speaker 5 (20:30):
Gotta take a break.

Speaker 4 (20:31):
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot com.
We'll be back.

Speaker 1 (20:37):
You're listening to the Watchdog on Wall Street. This is

(20:59):
the Watchdog on Wall Street.

Speaker 4 (21:06):
All right, welcome back. And I've got to cover the
bull excrement that's being thrown all over the place case
in point here. Yeah, my job. I should put that
up on my LinkedIn profile. Shovels bull excrement all day.

(21:27):
Basically one of the things that I do because I'm
constantly facing it all the time. And I'm again I'm
doing that for you guys. All right, So story comes
out this past week, consumer confidence, Consumer confidence, it's head
for a twelve year low. Weirer everywhere. Oh yeah, and

(21:49):
make make no bones about it, Make no bones about it.
The knives are out for Donald Trump, especially at the
Wall Street Journal. They're going after him hard. Anyway. Consumer confidence.
You know what consumer confidence? That survey is. You know
how ridiculous that survey is. It's basically like a poll
you would take in middle school, like you know, it's

(22:14):
it's like you would take what like you know, young girls.
I'm sorry, in middle school. I don't know who's who's
cool now with music? Why I'm back in the day.
Is it justin Bieber or is that the Jonas brothers
who's more popular? That's this point in time now again,
it's a survey for crying out loud. Now what has

(22:35):
been in the news over the past month, month and
a half. Oh no, we got the recession monster back.
Ah yes, the cold we be recession, recession monster coming back.
Oh my god, these tariffs, Ah my god.

Speaker 5 (22:51):
Donald Trump's says, what are they gonna do?

Speaker 4 (22:54):
What are they gonna do?

Speaker 5 (22:55):
Oh my god?

Speaker 4 (22:56):
Markets sold off a little bit. We were told that
that was the end of the world as we know.
Oh my god, I see what's happened with the markets.
Let's get everybody frozen. Meanwhile, meanwhile, and again, I'm giving
you my experience I'm also giving you the experiences. Again,
I've got offices all over the country, clients all over
the country.

Speaker 5 (23:16):
You don't think that we ask it's a question.

Speaker 4 (23:20):
Can you get a reserve? How difficult is they get
a reservation on a Friday or Saturday night in your
town at a restaurant everywhere, it's hard. You can't get in.
I mean, it's crazy here trying just to get in it.
So stop. What people say and what they do are

(23:43):
two completely different things.

Speaker 5 (23:48):
And again you see story.

Speaker 4 (23:50):
After story it Wall Street Journals got I said they
got the long knives out for Donald Trump.

Speaker 5 (23:55):
At this point in time.

Speaker 4 (23:57):
CEOs that investors are fretting over what they see as
wisaw policy changes and complacency about the risks.

Speaker 5 (24:05):
Of a recession.

Speaker 4 (24:06):
Risks of a recession stop. Okay, first and foremost, this
is a lengthy article Nick timros sees their big Federal
Reserve writer. They've been working on this for some time.
It's many pages long. They're pulling in myriads of points
of information, and you know that they had to go
back and change it because they're like, wow, you know,
the markets did come back up a couple of days.
It's not a single CEO goes on record they they

(24:32):
cite all of these things. Not a single one goes
on record that say that this, you know, the sky
is falling, the world is going to end, and this
this golden age, this euphoria that was supposed to go,
it's all gone. Now they're all they're all upset. Now
it's all different. Now, come on, man, stop.

Speaker 5 (24:53):
Stop.

Speaker 4 (24:55):
This is all about getting the people going. He took
a look this past week. He saw the durable goods
orders which were back near record highs.

Speaker 5 (25:08):
People.

Speaker 4 (25:08):
I'm sorry, Okay, the economy is not going to hell
in a handbasket. There's going to be some disconnects and
some issues moving forward when you eliminate when you eliminate
government spending like what they're trying to do. I hope
that they're going to do. And I'll be honest, we'll

(25:30):
talk about this a little bit later. I've got my reservations.
I don't trust Republicans. Yeah, there can be a disconnect.
There were some some group of economists out in California
and they were cited I forget the name of the group,
whatever it may be. Well, because because of all of
these these cutbacks and government spending on all this stuff.

Speaker 5 (25:50):
This could be a recessionary.

Speaker 2 (25:52):
So what.

Speaker 4 (25:55):
It needs to happen. Let me ask you a question.
If a family, if a fan living off of credit
cards and credit card debt, all of a sudden, all
of a sudden, listens to what we have to say
here on the Watchdog on Wall Street Show, decides to
listen to Markowski and decides to change their ways, get

(26:15):
their fiscal house in order, stop spending money on nonsensical things.
Attack all of the waste, attack all of the debt. Yes,
will there be a decrease in quote end quote economic
activity within that household? Damn Street. You take a couple

(26:36):
steps backwards to take many steps forward. It's what you're
able to do down the road that is most important.
We cannot continue to have our economy juice stop all right,
I'm talking steroid era Balco, Barry Bonds, Mark McGuire, Jose
Canseco juice. Stop economy with government spending which is borrowed

(27:03):
because we pay for this people, we pay for it.
You see. That was one of the great ruses when
it came to COVID and all the stupid stimulus checks
that were handed out by Trump and Biden. Could I
gots no fastibulous check and they just dump.

Speaker 5 (27:22):
Money all over the country.

Speaker 4 (27:24):
Ooh, here you got my twelve hundred books.

Speaker 5 (27:26):
Here, you got your twel hundred books.

Speaker 4 (27:27):
There. You know who got the most of that money.
Corporate America got most of that money. You got, Diddley,
you know what you got. You got higher bills, my friend,
higher bills because it was inflationary. Inflation is a monetary issue,
and we have to continue to print and borrow more
money to continue to fund deficit spending, which is over

(27:48):
two trillion dollars. Insanity. There is going to be a disconnect.
There's gonna be some bumps. That's okay, Edapp Watchdog on
Wallstreet dot com, Watchdog on Wallstreet dot Com, don't go anywhere.
We'll be back.

Speaker 1 (28:24):
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 (28:36):
Holy snikees Morris Day in the time. Somebody get me
a meal. Ah, this old school, Uh Prince was it
was he was Prince's competitor in Purple Rain. If I'm
not mistake anyway, welcome back to the Watchdog on Wall
Street show. Okay, listen, I'm gonna probably offend some people here,

(28:59):
but I I do that on a regular basis here
on the show. Like I said, Okay, not Mary Poppin's
snow spoonful of sugar to make the medicine go down.

Speaker 5 (29:11):
Uh, Klarna, Klarna is for stupid people. Yeah, I said it. Yep, yep, yep,
I said it.

Speaker 4 (29:22):
Klarna Klarna, Yes, your little installment plan purchase company. It
is for stupid people. Oh my god, I saw this,
and I'm like, can we can we be any more
ridiculous at this point in time? So basically, Klarna is
gonna start getting involved with door dash and the food

(29:46):
delivery companies so you can pay for your burrito or
your takeout sushi an installment plan purchases. Let me tell
you how much this sucks. Okay, in more ways than one.
First and foremost, you use a merchant that uses Karna.

(30:07):
I mean they charge three point five percent to the merchant.
They also they're counting on people to forget to pay
their bill. They make an enormous amount of money because
they oh it's interest league. Those are the free They're
counting on you to screw up and guess what it's
a good business model because people are really dumb with

(30:30):
their bills and money. Why what would you go out
in finance your takeout Friday night sushi dinner with your girlfriend.
I mean, I keep thinking of the various different scenes
in the movie The Big Short. Are they gonna create

(30:52):
like collateralized debt obligations based upon Chipolte burritos and aren't
trading those things? Because again, if you don't think, if
you don't think those criminals on Wall Street are thinking
of a way to do this, they are. They are,

(31:12):
and uh again, they'll be betting on it, they'll be
traying it. Come on, people, Okay, don't be a greater fool.
Watch Dog on Wall Street dot com. Watch Dog on
Wallstreet dot com is our site. Become a part of
our family or personal CFO program, podcast, newsletter, you name it.

(31:32):
Watchdog on Wallstreet dot com. We'll be back.

Speaker 1 (31:39):
Chris Markowski is the Watchdog on Wall Street. You should

(31:59):
believe in math not magic. You're listening to the Watchdog
on Wall Street with Chris Markowski.

Speaker 5 (32:08):
Payple, you know, listen, I get it.

Speaker 4 (32:11):
You know, in today's day and age, I know it's
a little it's a little bit different than I was younger,
But I mean, when I was younger, there's this show
there Robin Leach programs, Lifestyles of the Rich and Famous
was a show out there and how all these rich
people lived and whatnot. And you know when I was young,

(32:31):
and you know, you're like, wow, look at that. But
you know, you gotta you gotta deny yourself things until
you can actually afford those things. Listen, listen. Two thirds
of people have access to two thousand dollars.

Speaker 5 (32:51):
That that's including credit. Okay, the chance.

Speaker 4 (32:57):
Your your credit application rejection right now has hit a
record high. Now that also might have something to do
with the fact that you know you've got AOC and
what's your name there, Pauline there in the state of
Florida looking to limit credit card interest rates to ten percent,
But also the average rejection rate for refies on mortgages

(33:20):
has exploded to nearly forty two percent. Now, again, if
I was some of those banks and mortgage servicers, you know,
people looking to refin, I would do it if it's
the same bank, because guess what if they're getting rejected
on a refine from somebody else, that means they may
stop paying their mortgage and you're going to own in

(33:41):
the house sooner rather than later. That's the situation we're
in right now. Why because everyone thinks they're entitled to everything.
They go on social media. Oh my god, look where
they at. I got to spend money here, I got
to spend money. There no delayed gratification. Go out there
and earn it before you go out and spend money

(34:03):
on it. Anyway, Anyway, I got to talk about this.
This is a great this is a There should be
a should be a class on this in business school. Again.
Back in my youth, I was involved in investment banking,
and I pretty good knack, pretty good knack for seeing
companies that were bs and companies that were real. It's

(34:26):
been one of our talents here at Markowski Investments. Perspectives
after prospectives would come across my desk. Dog dog garbage, garbage, garbage.
But it didn't matter, didn't matter. Wall Street will sell
anything if people are willing to buy. And at that
point in time, it was the whole dot com media.
Anything with a dot com attached to it, they were

(34:46):
selling it. They didn't care because who the greater fools
all across the country were going to buy it. Same
thing held true during the whole COVID run up, and
we had all of a sudden we got oh, these
disrupt their companies. Hi, it's a disrupt their company out there.
And we warned you. We warned you about Beyond Me,

(35:07):
we warned you about Peloton, We were we warned you
about oatly countless companies. Have you taken a look at
where their stock prices are? Yeah, here's another one, another
one that just declared bankruptcy. And people were starting to
freak out over this. Twenty three in me. Twenty three
and Me filed for bankruptcy this past week. Now, the
problem with twenty three in me was, again, as a

(35:31):
business good idea nifty Okay, I'm not gonna do it.
I'm not sending my I'm not sending my DNA to
some company somewhere. No way.

Speaker 5 (35:41):
I saw that last James Bond movie.

Speaker 4 (35:43):
I'm gonna create some sort of bioweapon to white people
out based upon their DNA. No thanks, But anyway, many
people did, many people did. I know people that found
family members and whatnot. But anyway, the problem with twenty
three and me is is that you only had to
do it once. Now imagine imagine if people only went

(36:08):
to McDonald's once. Yeah, yeah, they would make they'd make
a lot of money, and then it would just stop.
And that's exactly what happened with twenty three and me.
They lost their way. They were supposed to do things
in regards to basically, you know, putting together various different

(36:30):
vitamin and packages for wellness or people. They didn't do that,
and they fell apart. We told you this was going
to happen. Another lesson about this too is again wall
Street knew this, but you you don't think that the bankers.
You don't think the bankers were well aware of what
they were doing. You don't think the people, the private

(36:52):
equity people that financed these things in the early rounds,
you don't think that they knew.

Speaker 5 (36:57):
Again, if you're.

Speaker 4 (36:59):
New to this program, I'm going to explain you we
gotta come up with some sort of like scary Halloween
music or something like that.

Speaker 5 (37:06):
When we start talking about.

Speaker 4 (37:08):
Demonic musical chairs rule, Well, what is demonic musical chairs? Okay, Well,
you're familiar with musical chairs, right, figure that when you're
a kid, you know you're walking around the chairs. Uh
once you five kids, four chairs? Uh, guess what music stops.

(37:33):
You gotta find a chair person standing, you're out. Okay. Basically,
Demonic Musical Chairs is the Wall Street version. It's where
they take a company and they present it to the
entire world as Wow, is this awesome beyond me? Wow?
Look at that, oh peloton. Yeah, we're gonna, we're gon

(37:53):
exercise bike. We're gonna we're gonna attach an iPad to it.
We're gonna give it to a multi billion dollar valuation.
Woo or twenty three and me try three. Great concept
should have been a private company for a period of time.
But again, they can't help themselves. They are quick buck artists.

(38:19):
But you know what's interesting about Wall Street's business model
and Demonic Musical Chairs. People get addicted to it. I
don't know for whatever reason. I mean, God's blessed me
with with you know that. I never never wanted to gamble,
never understood the concept. To me, I'm like, well, you know,

(38:42):
there's a reason why casinos stay in business. They can't
lose because if they lost, they'd be out of business.
Why am I going to go just hand over my mind?
I never understood it, never, I never got it. Okay,
that's the same model in many respects that you know
Wall Street knows this. They had this next idea out there, well,

(39:02):
you know the allow Our last fifty have worked out
all well, but wow, this one, this one's awesome. We're
gonna collect people's DNA once and then what I don't know.
I don't buy our stock though, until it collapses, and
then you lose all your money. We told you, we
told you. Anyway, gotta take a break. Watchdog on Wall

(39:24):
Street dot com. Watchdog on Wall Street dot Com is
our site personal cf all program. Don't go anywhere, We'll
be back.

Speaker 1 (39:32):
You're listening to the Watchdog on Wall Street. Well, no
one altered. Investment banker, consumer advocates, handalyst, trainer, Chris Morkowski.

(39:54):
He's the watch dog Wall Street. You want to answer
exposing the line and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.

Speaker 2 (40:08):
You can't handle the truth.

Speaker 1 (40:11):
financial world.

Speaker 3 (40:15):
Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 1 (40:20):
This is the Watchdog on Wall Streets.

Speaker 4 (40:24):
Already welcome, welcome, and welcome everybody. Welcome back, and a
bit of a bit of a warning to some of
our newer listeners here to the program again. We uh,
we are equal opportunity bachelor's here at the Watchdog and
Wall Street Show. We go after both sides, We go

(40:48):
after both sides. There there is again I I the
only the only side I do not question is God.
That's it. Politicians, tribes, maga, donkeys, elephants, you know. Quite frankly,
it just it gets nonsensical after a while. And how

(41:09):
people put their faith into these these various different sides
and they're unwilling to think clearly, and it's unfortunate. Again,
I want to talk. We're gonna have to talk about
this whole signal chat scandal from this past week. Do
I think that this was a setup, a deep state

(41:35):
set up? And I'm not a conspiracy theorist, but I'm
not stupid.

Speaker 5 (41:38):
We're not stupid.

Speaker 4 (41:39):
We know that the people that are hangers on, the
people that have been government forever, the people that love
big government, that love their positions, that live and breathe Washington,
d C.

Speaker 5 (41:52):
Yeah, do I think it was set up?

Speaker 4 (41:54):
And actually I gotta give kudos to Laura Loomer has
been doing a pretty good job on covering some of
these people that could have allowed this to happen.

Speaker 5 (42:04):
Does that excuse it?

Speaker 4 (42:06):
No? No, I did a podcast this past week and
quite frankly, Mike Wall should have been fired. My opinion
should have been fired. Unacceptable, completely un acceptable. How many
of you out there have you know? You have like
little text groups you put on your phone. We've got one.

(42:30):
I'm not a big text guy. I annoy my wife.
You didn't respond to my text.

Speaker 5 (42:36):
I read it.

Speaker 4 (42:37):
I didn't realize it needed response. I ever win it.
It's different if you don't respond or put a little
like heart or a little thumbs. I don't know they
get upset about that. I mean I read it. I sometimes,
you know, did you ask me a question? I don't know.
It's just me.

Speaker 5 (42:53):
But anyway, neither here nor there?

Speaker 4 (42:55):
Okay, Yeah, we've got our family group chat Famgang Markowski
Family group Chat. Well on Famgang. Uh, you know we
put that together. I'm not making sure. I'm you know,
putting out the eye on there that shouldn't be there.
I mean you you're putting together a group chat to

(43:18):
discuss a military incursion and attack on a foreign country.
And I don't know, you know, Santa Claus checks lists,
He checks it twice there, just saying maybe, maybe, just
maybe you might have wanted to to check and make
sure that everybody that was on that chin is supposed

(43:40):
to be there. You don't take that damn long. Quite frankly,
these people in these positions, Mike Walls should know better.
You should expect that's you know, they're gonna try to
do something again. Something just doesn't smell right when it

(44:02):
comes to this entire thing. Annama bothers me as well.
As you've got Republicans bending over backwards, bending over backwards
to defend incompetence. They bend as it happens all the
Time's Republicans drive me nuts. Okay, they will bend over

(44:26):
backwards to back up incompetent behavior because this is what
it is, completely incompont no excuses for this. Zero. But
then when you get competent people like you know, Thomas
Massey or Ran Paul that make complete sense, they'll go
out of their way to attack them. Hit a couple

(44:48):
posts I want to talk about here. Here's White House
PREXS Secretary Carolyn Levett. He's talking about Jeffrey Goldberg, the
The Atlantic journalist. This these guys about as far left inside.

Speaker 5 (45:04):
The belt Way as you could come.

Speaker 4 (45:09):
How in the world would his name get involved anyway? Anyway,
she said, no war plans were discussed, no classified material
was sent into the thread. The White House's Council Office
provided guidance on a number of different platforms for President
Trump's top officials to communicate as safely and effectively as possible.
And she goes on and how this is not a

(45:29):
big deal and thanks to the President's strong, decisive leadership
everyone in this group, the hoothy strikes were successful and effective.
Terrorists were killed, and that's what matters most to President Trump. Yeah,
that's all well and good Caroline. But I'm sorry, I'm sorry,
Correct me if I'm wrong. Donald Trump did run on

(45:51):
the fact that one of the things he said was
that Joe Biden didn't fire anybody, no matter how big
the screw up, He didn't fire anybody screw up. This
is a big screw up. And I'm a big believer
you either get it right or you get elimited. Let
me put this into perspective. Okay, every single bit of communication.

(46:12):
I'm an SEC registered investment advisor. I have to follow
the rules, and there's a lot of them. I spend
a great deal of money making sure that every bit
of communication that goes in and out of our offices
is documented and recorded every podcast. I do everything every communication.

(46:34):
You imagine if I sent out a text with client
financial information to the wrong person, do you know what
would happen? You're the fines that I would have to pay.
Charlie Kirk and I got a great deal of respect
for Charlie Kirk. He asked the question. He goes, what's worse?

(46:55):
What's worse accidentally adding a journalist to your hoothy strike
chat or pushing fake intelligence to justify invading Iraq and
getting five thousand American troops killed for nothing. Good question, Charlie. Okay,
you're right, You're right. Uh, invading Iraq? Lying pushing fake
intelligence is worse? He writes, again, what's worse this signal

(47:19):
group chat? Or lying about making progress in Afghanistan while
we spent a trillion dollars to achieve absolutely nothing, then
batching the evacuation so that we lost billions in equipment
and thirteen American soldiers' lives. Charlie, you're right, yeah, yeah, yeah, yeah,
that's worse than the signal chat. But Charlie, it doesn't

(47:40):
excuse it, It doesn't make it. Okay, man, you guys
are bending over backwards with this. It is a massive
screw up of monumental proportions. I'm sorry to keep. Oh
it's not nothing, Burger, nothing is it is? Now?

Speaker 5 (47:59):
Granted? Okay, granted.

Speaker 4 (48:01):
The you know, the funny thing is is that the
Democrats would have made much bigger hay out of this.
They would have would have done much better if they
didn't act like complete jerks. But they can't help themselves either,
that's who they are. Oh yeah, why did you know
if Pete Hank Saith was uh you was doubting shots

(48:22):
of tequila before that? Come on, man, dude, did you
understand that you are a member of Congress. We'll we'll
talk about these Uh they're not even I don't even
call them. I think they're influencers for crying out loud.
But anyway, what I I did find really interesting inside

(48:46):
that chat was what was said. What was said in
that chat, and you know, I I know, I know
everybody's high five and one another right now, that was
a very successful mission, and this one was killed, and
that was killed, and yeah there was a lot of
innocent civilians that were killed too. Forgetting that now, I'm

(49:08):
just throwing this out there. Okay, come back at me
if you want. I don't care. At the time of
this attack, the Hoho thies were mouthing off and they
were threatening to start attacking ships. They didn't. Now they are.
Now they are the person that I happen to agree

(49:29):
with most on the chat JD Vans because jd Vance
pushed back, he didn't understand why we're doing this. He
didn't understand why we were doing this. And he made
the point three percent of American goods passed through that
straight the Red Sea. Three percent. We are spending hundreds

(49:53):
of millions of dollars to benefit who benefit? China? Benefit
the European Union. Are they gonna pick up the bill
for this? They're gonna send us a check for playing
Team America World Police. And that's what JD Vance had
to say. He's wait a second here, you know, why

(50:15):
are we doing this paraphrasing, why why do we have
to go and handle this? Why can't somebody else do
it for once. Yeah, he's not wrong. Everyone freeloads on
us and at some point in time, I mean, Trump

(50:37):
keeps talking about this in terms of tariffs are getting taken,
We're getting taken advantage out of here, get taken advantage
of here. Well, could be me, call me crazy. These
European nations they have navies too. I mean, you think
about the amount of money that we're spending right now.
Who these they've got these uh, prehistoric drones that are

(51:00):
put together by an I want to call them prehistoric
that they don't cost much to make. They just constantly
send them after our ships, causing us to do what,
to send multi million dollar missiles to shut you basically
shoot them out of the sky. So we're spending millions
of dollars to shoot drones that cost a couple thousand
dollars out of the sky for what?

Speaker 1 (51:26):
For?

Speaker 5 (51:26):
What for Europe, for China? Saudi Arabia?

Speaker 4 (51:30):
But Saudi Arabia do it for crime? Do they have
an Abia? They have an air force. Why can't they
handle it? They're the ones that are at war with
the hootis for crying out loud. You guys want to
be big players in the world. Well, you know what,
why don't you take care of this. It's time for
the United States to start, you know, outsourcing some of

(51:51):
this stuff, delegating responsibility. That's not our region. Okay, we
sell you our weapons, we say, tell you our gear. Okay,
handle it. We give billions and billions of dollars to
Israel every single year. Rank handle it. We gotta go

(52:12):
over there and do this. That was, quite frankly, was
most telling to me. I happen to agree with jd Vance,
But again, okay, I'm a big believer in personal responsibility.
Buck stops. Buck stops from me in my company and

(52:32):
what I do in this program and the podcast and
everything that goes along with Markowski investments. Again, in my opinion,
I'm president of the United States. This is completely unacceptable.
It's not going to happen again. The people responsible will
be fired. Thank you, good night. That's how it should

(52:57):
have been handled. Got to take a break. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com. Oh more,
more domestic policy stuff. Yeah, we gotta talk a big
economic question when we get back. We're talking tariffs. We're
gonna talk about the auto tariffs when we get back,

(53:17):
tariff man strikes. Watchdog on Wallstreet dot com our site again.
Become a part of our family, the Markowski Investments Family.
Sign up for our personal CFO program, our podcast, newsletter,
all sorts of great stuff Watchdog on Wallstreet dot com,
or give us a call eight hundred four seven one
fifty nine eighty four.

Speaker 1 (53:52):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (54:03):
Anybody uh showing out there? Anybody out there that is
telling you that they know how this whole auto tariff
thing is going to turn out, and what it's going
to mean, and what the endgame is going to be.
They don't know. Okay, Uh, everybody is just speculating at

(54:24):
this point in time. I can tell you where I
like to see things go. I'd I'd like to see
tariffs come down. I'd like to see barriers to trade
drop all over the globe. President of the United States
is not wrong in that certain countries have treated us

(54:47):
unfairly in some respects. We've we've done the same thing.
We've done the same thing. We still have.

Speaker 5 (54:56):
We still have a ridiculous they call it the Chicken tacks.

Speaker 4 (55:00):
The reason why you don't get light trucks from Europe
over here in the United States is because there's a
twenty five percent tariff that was put on those light
trucks going back to the nineteen sixties in response to
a tariff that the Europeans put on chicken.

Speaker 5 (55:17):
I'm not making it up.

Speaker 4 (55:18):
I think the chicken thing went away, but the tariff's running.
So we got auto tariffs. Now what is this gonna mean?
Holy Nikes, you got car must be made here, finished
product here in the United States or what what an
additional twenty five percent tariff? Now I'm again getting a

(55:43):
lot of questions from people out there, Well, what does
that mean the BMUA. Let's say the bmwsuvs are made
here in the United States. They are, They're made here
in the United States, they're sold here in the United States.

Speaker 5 (55:55):
Does that mean that they're not going to go up
in price?

Speaker 4 (55:58):
Wrong?

Speaker 5 (56:00):
Wrong, They're gonna go up in price.

Speaker 4 (56:04):
What BMW is going to do is they are going
to spread the tariff costs to all of their vehicles.
I'm not sure exactly how Europe and other areas of
the world are going to react, but I can tell
you this much. Okay, how often? How often do you see.

Speaker 5 (56:22):
A Ford car driving around?

Speaker 4 (56:27):
A car? I'm not talking an F one fifty, I'm
not talking any sort of suv.

Speaker 5 (56:33):
I'm talking a Ford car. I don't even what.

Speaker 4 (56:36):
What do they make? Oh?

Speaker 5 (56:37):
Mustang? Right, you might see a Mustang from time to time.

Speaker 4 (56:39):
Yeah, right, the new electric muscle put But anyway, not
many in Europe. Lots of them, lots of them. They're
a little, small little cars made by Ford over there
in Europe for consumption over there in Europe. They're being
bought over there. Now again, Europe might react and put

(57:00):
tariffs on that, so reciprocal here, bounce here, bounce there. Anyway,
I've always believed that the more business, honest business that
can be conducted between people, the better off things are
going to be.

Speaker 5 (57:16):
I really do believe that.

Speaker 4 (57:20):
Trade and prosperity are a good thing. I'm an old
school I've talked about this for I'm an old school
Adam Smith capitalist, where I do believe that two sides
can sit down and they can both walk away happy.

Speaker 5 (57:32):
That's the goal, the goal. If you are you're.

Speaker 4 (57:38):
A smart if you want to be in business for
a long time, you want to be a great entrepreneur.
Don't care what business you're in. Your business better not
be getting over on someone. Okay, the only industry that's
been capable, quite frankly I can think off the top
of my husband capable of doing that is Wall Street,
the big firms. And that's just because you know, again

(57:58):
the nature of human beings. People want to be able,
want to believe that they can get rich quick. They
believe the stories, they get sold a bill of goods.
Again again, that's why it works for Wall Street, But
anything else it doesn't. You want fair and honest trade
agreements with countries all over the globe and be able
to exchange goods, ideas services, whatever they may be. Have

(58:22):
we been taken advantage of when it comes to tech
companies and the lawsuits filed in Europe, damn straight. And
if you don't think that that's a part of this,
it is. It's a major part of it. As a
matter of fact, Europe just announced, Hey, we might be
going after Meta for our billion dollars.

Speaker 5 (58:37):
Some fine here find there they know what they're doing.

Speaker 4 (58:42):
This doesn't make any sense by any stretch of the imagination,
Nor do I believe, nor do I believe that. I
think we're going to be on shoring all sorts of
auto production facilities here in the United States.

Speaker 5 (58:56):
We've already done that.

Speaker 4 (58:58):
The best way, the best way to bring manufacturing over
to the United States, pure and simple, as have a
better environment for manufacturing. We have that with lower energy costs.
A better way of even doing it is lowering taxes
here in the United States. Getting rid of the corporate tax.

(59:19):
Get the corporate tax down to fifteen percent. Better yet,
get the corporate tax down to zero, you will watch
businesses flood into this country. You know what's funny I
was talking about the other day. I didn't really know this.
Rob Low kind of off the beaten track, but it
makes sense. Rob Low hosts a game show. The guy's

(59:39):
constantly doing stuff all the time, some game show called
the Floor. Do you know where they're filming this game show? Ireland? Ireland?
It is so expensive to film shows here in the
United States. It's cheaper for the network to fly everybody
for a game show over time Ireland to do it.

Speaker 5 (01:00:03):
That doesn't make any sense.

Speaker 4 (01:00:05):
You want to on shore manufacturing, want to on short business,
Make America affordable, make America business friendly. It'll happen automatically.
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com.
We'll be back.

Speaker 1 (01:00:39):
Ticking Wall streets, liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.

Speaker 4 (01:00:48):
I got it. Some guys, remember back when you're back.
I think I learned about osmosis and all that stuff.
I think it was like sixth grade science. If I'm
not mistaken. And there's the same rules apply to money,
the same rules applied to money. Money will go and

(01:01:09):
find a home where it is most welcome. Watch this
happen here in the United States. You watch all of
the businesses that are moving to Texas, to Florida, to
low tax states without cumbersome, burdensome regulation to hold them down.
Think think about the Obama years. We had the highest

(01:01:32):
corporate tax rate in the world, highest corporate tax rate
in the world. We basically we made Ireland great again. Okay,
if Obama, they should have statues all over Ireland to Obama.
Why because of his high corporate taxes allowed for all

(01:01:55):
of these tax inversions to take place, where American companies said,
we're out of the United States, We're going to set
up shop in Dublin, Island.

Speaker 5 (01:02:04):
I'm not wrong, all right.

Speaker 4 (01:02:06):
I mentioned that, you know Rob Low, you know, talking
about his game show being filmed in Ireland. He was
having a conversation with the actor I forget his name,
from Severance popular show. They were both worked together on
that show Parks and Recreation, and they were reminiscing, Yeah,
we used to film at this soundstage in California. And

(01:02:27):
they said, right now, they don't do anything in California.
If they said they were to do parks in recreation today,
they'd be doing it in Budapest. What does that say
about California? What does that say about doing business here
in the United States? Not friendly enough? We live in
in age, in a world that is competitive. Okay, you

(01:02:50):
can try to put up walls, you can try to
put up barriers. I remember Elizabeth Warren wanted to go
after these companies that decided to do tax version. Certain
states are threatening, threatening various different taxes.

Speaker 5 (01:03:04):
If you decide to leave the.

Speaker 4 (01:03:05):
State putting basically walls up, you can't leave. Yeah, that's
what That's what Nazis and fascists and communists do. But anyway,
moving on, all right, I gotta again. People are gonna
get upset. The super trumpsters out there are gonna get
upset with me. I'm sick and tired of seeing Sean Hannity,

(01:03:26):
Laura Ingram, the folks on Fox, all the other pomp
pom holders for Donald Trump. Oh my god, just see
all these investment pledges. Oh my god. The UAE pledge
one point four trillion investments. Saudi Arabia pledged six hundred billion,

(01:03:46):
Hyundai pledged twenty billion, Apple pledge five hundred billion, in
Vidia over one hundred billion.

Speaker 5 (01:03:53):
YadA, YadA, YadA.

Speaker 4 (01:03:54):
Oh my god. You know, you get to you get
the little cry on it about Trump secures new investments
in the United States. Stop it, okay, stop, okay. He
didn't secure anything. Okay, he put out a press release
or held a press conference. What what UAE is? What

(01:04:20):
happens if the UAE decides not they're not going to
invest one point four trillion in the United States, What's
going to happen to him? Nothing? Nothing?

Speaker 5 (01:04:30):
For years and years.

Speaker 4 (01:04:31):
I told you, one of the things I can't stand,
one of the most annoying things in the world to me,
is when I see some politician at some site somewhere
with a golden shovel, because I know, I know, I
see a politician with a golden shovel. I see my
tax dollars being flushed down the toilet in some way, shape,

(01:04:53):
matter or form. Let me give you an example. Let
me give you an example. And we called it out
when this was being done back in twenty seventeen. I
made fun of it here on this show and again,
same thing, all the super Trumpsters out there, and then
you even listen to you tell again there you criticized

(01:05:13):
and got.

Speaker 5 (01:05:13):
A Trump break.

Speaker 4 (01:05:14):
Okay, stop, I criticized everyone. We would do lie And
I was right. Donald Trump goes to Wisconsin with Scott Walker.

Speaker 5 (01:05:23):
That OUN's big investment from fox Conn.

Speaker 4 (01:05:26):
They're gonna spend all this money in Wisconsin, Wisconsin building
a plant. I'm like what And it did nothing and
nothing made any sense. Fox CON's gonna be building flat
screen flat screen TVs in Wisconsin. Flat screens cost one
hundred and fifty two hundred bucks at Costco and Walmart
for crying out lone, How is that gonna fly? Now?

Speaker 5 (01:05:49):
There's no way.

Speaker 4 (01:05:51):
And I was right. I was right. They got all
fox Conn got all sorts of tax breaks, all sorts
of this that, and they didn't do a damn thing.
Almost right away they said no, no, we're gonna start
turning it into some sort of uh, you know, we're
gonna put computers together there. Eventually it turned into the

(01:06:11):
building turned into a wedding hall. Okay, So stop with
this investment pledge touting this nonsense. Businesses are going to
do what they are going to do, and they can
change their mind on a dime. On a dime, I
quite frankly, I don't know any of the ins and

(01:06:31):
outs in any of these deals and these promised investments,
but more often than not, okay, it's just nonsense, just
hot air. Okay, it's just hot air, like it was
it Jerry Maguire, Show me the money is, show me
the money. I don't believe anything these companies are saying.

(01:06:54):
Gotta take a break. Watch Dog on Wall Street dot com.
Watchdog on Wallstreet dot com again, our site hall come
apart of the Watchdog on Wall Street, family, our personal
CFO program, podcast, newsletter, you name it, Watchdog on Wallstreet
dot Com. We'll be back.

Speaker 1 (01:07:13):
Wait, this is the Watchdog on Wall Street.

Speaker 4 (01:07:39):
All right? Yeah, I teased this earlier and I have
to talk about this, and I'm not too happy about it.
This is again, this is very very upsetting to me.
And again we predicted this. We talked about this here
on the show. I am again, like I mentioned, the

(01:08:02):
first several weeks of the Trump presidency and the things
that Elon Musk and and Doge have been uncovering in
what they doing, are I fantastic? Like I said, I
was like every day I'm waking up and it felt
like Christmas. It felt like Christmas. But I also, if
you remember I offered, we're caution here, there's only so much.

(01:08:30):
There's only so much the president can do. We're seeing
that happen. And we warned you that the left was
going to file lawsuits and they're going to try to
stop executive orders. And I'm gonna be quite honest with you,
I don't like executive orders. I don't I don't like them.

(01:08:52):
Congress needs to step up and do their job now,
for whatever reason it may be. And I disagreed with
the president on this. He pushed for this ridiculous continuing resolution.
Mike Johnson pushed for this continued resolution where we're gonna
I keep government spending essentially for all intensive purposes, essentially

(01:09:14):
the same up until September. And I'm scratching my head
and Paul Thomas Massey and we're saying to ourselves.

Speaker 5 (01:09:24):
Why why, well, why why? What?

Speaker 4 (01:09:26):
What? Elon Musk is finding all of this waste and
fraud and again he's they put the stops on this
money going out, but the money is still there. Did
you do understand the money? The money didn't go back
and pay down debt or anything like that. It's sitting there.

(01:09:49):
And you want you want to let a bunch of
crooks in Washington, DC sit around with all this money
lying around there, because that's what it's doing. The money
is there, it's just not being spent. You got judges
right now trying to force Trump to spend money, and
he's pushing back on that. And I said, why in

(01:10:11):
the world you're identifying all of this waste, all of
these scams, all of this nonsense.

Speaker 5 (01:10:17):
Everything says, why aren't you cutting it now?

Speaker 4 (01:10:21):
And sure enough, sure enough, I see a column this
week GOP senators warned Trump agenda will be slowed by
internal divisions.

Speaker 5 (01:10:32):
Yeah, John Thune.

Speaker 4 (01:10:33):
John Thune has come out and he says isn't likely
to pass President Trump's border security, energy and tax agenda
until July at the earliest, and some Republican senators are
warning the bill could drag well into the fall.

Speaker 5 (01:10:50):
Again.

Speaker 4 (01:10:51):
We're gonna talk more about this when we get back.
But this shouldn't surprise you. While well, you think think
Republicans are fiscally conservative, you think Republicans in Congress are
behind the musk cuts and wasteful spending. No, no, now,

(01:11:13):
most of them love it.

Speaker 5 (01:11:15):
Most of them.

Speaker 4 (01:11:16):
See wow, look at all this money lying around that
I could take advantage of. Gotta take a break. Watchdog
on Wallstreet dot com. Watchdog on Wallstreet dot Com. We'll
be back.

Speaker 1 (01:11:41):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 5 (01:11:51):
Don't say it and warn you. I warned you, I
warned you.

Speaker 4 (01:11:55):
Yeah. Republican senators are warning that getting a major package
through the Senate will take months longer than has been
publicly discussed due to the sheer size of Trump's ambitious
agenda and internal Republican divisions over an array of policy decisions.

(01:12:16):
Thune and others have said they don't think it's realistic.
We'll move the finished product until the end of July.
Thought the House's timeline on this was totally realistic. Oh yeah,
we're Republican senators. Yes, we are the saucer above the
teacup that cools the drink. No, no, they're most of

(01:12:39):
our criminals. Again, I I one of the things that
I've tried to get across to people here on the program. Yeah,
am I a conservative guy. I'm a libertarian met to
me with without a doubt. But member of the Republican Party.
No way. Why in the world would I be a

(01:12:59):
member of a party that lies all the time to
its own people, lies all the time, says that, oh yeah,
we're fiscally responsible, we're gonna try to make cuts. We're
gonna do this. You're not gonna do a damn thing.

(01:13:22):
It is so many the money for these guys. It's
pretty simple. You've got Elon Musk and God, I feel
horrible for this man.

Speaker 5 (01:13:32):
I really do. I really do. Again.

Speaker 4 (01:13:36):
I here's a guy that, again, first and foremost, doesn't
have to do another thing, doesn't have to work another
day in his entire life. You take a look at
what he has accomplished, in his career say hey, you
know what I am gonna I'm gonna take it on
the chin because business is taking it on the chin.

Speaker 5 (01:13:56):
Cars are getting.

Speaker 4 (01:13:57):
Scratched, attacking his showrooms because he trying to save the
taxpayer's money. I mean, it's nonsensical. He's doing all this work,
he's finding all this government waste. He puts it out online,
finding all of these things. I'm scared for the guy
because I'm worried that nothing is going to be done.
He's gonna identify all of this and maybe maybe five

(01:14:22):
percent of it will be cut. They'll throw them a
bone here or there. This is one of the things
that you know, many of you Republicans don't seem to understand.
Oh that nice man at the Republican rally with his
little elephant pen and all that stuff, he's full of it.
More often than not, every single year, this happens every

(01:14:45):
single year. Oh yeah, continuing resolution. Oh we're gonna push
an omnibus spending package. And again they send money back
to their districts so they can pay off their buddies
in their district, give them various different construction contracts, whatever
it may be, and they get their kickbacks. It's criminal.

(01:15:07):
The way our government is run is criminal. As soon
as you identify wasteful government spending, some program that is
screwed up, illegal, it should be done away with, but
they're not. They're just not funding it right now. But

(01:15:29):
the money's there, the mice been reallocated. You tell me,
you try to try to justify me the type of
deficit spending this country is participating in right now, You
justify it for me. Two trillion dollars. That's insane. But

(01:15:52):
oh no, no, no, it's a Republican urst. They're busy.
They're busy this weekend. Gotta gotta sip scotch and play
golf at the at the club. Yeah, we gotta go
to Bushwood this weekend and gotta be playing golf with
Doctor Beeper and Judge Smells.

Speaker 5 (01:16:09):
That's who they are.

Speaker 4 (01:16:11):
That's all right.

Speaker 1 (01:16:12):
You know.

Speaker 4 (01:16:12):
The funny thing is any new listeners out there. I've
been consistent. I've been calling him out for years. I'm
an og tea party guy. How about that? Yeah, yeah,
back back, I remember that tea I was. That was
an exciting time too. Tea party was was was very exciting.
No politicians, I remember Michael Steele was begging. Yeah, Michael Steele,

(01:16:37):
that MSNBC guy. Yeah, yeah, you know he was. He
was in charge of the Republican Party. He was chairman
of the Republican Party. One one of the guys on
MSNBC that shows you who they are. He was chairman
of the Republican Party. They're begging the show at up
at the rallies, and I'm like no. And I gave
a speech thousands and thousands of people in Sarasota, Florida,

(01:17:00):
and I told everybody there. So I'm gonna criticize Democrats, okay,
as misguided and as ridiculous and as unworkable as their
ideas are nonsensical, they are at least they they say,

(01:17:20):
you know, at least they do what they say they're
gonna do. Am I wrong here? At least they do
what they say they are going to do. Didn't Biden
get a lot of his stuff passed with the help
with the help of Republicans? Yeah, yeah, he did. Ships Act?

(01:17:45):
Obama Jason Obama got Obamacare. He got American Recovery and
Reinvestment Act done, he got the Making Homes affordable, he
got Cash for Clunkers done. They God Frank through. Oh again,
all these things not good, not good. But hey, hey,

(01:18:07):
they said that they were gonna do them. They ran
on those things and they got them done. What are
the Republicans going to do? What we're gonna do. They're
gonna just you know, they're gonna hang their hat on
getting the twenty seventeen tax cuts pushed through again?

Speaker 5 (01:18:28):
Is that they're there to hang their hats on. They're
not gonna do.

Speaker 4 (01:18:30):
They're not gonna do the work that's necessary. You mean
to tell you it's gonna take that long? Oh no, no,
we can't get this done by July. No, no, no,
maybe maybe not the fall. What exactly do you people
do all day long? Don't tell me it's that difficult.
It really isn't that difficult. If you wanted to get
it done, you would get it done. They're pushing it

(01:18:52):
down the road. I'm telling you, I'm morning right now.
The Republicans are not interested in cutting anything. Watchdog on
Wallstreet dot com. Watchdog on wallstreet dot com. We'll be back,
Ergil quick come.

Speaker 1 (01:19:09):
Chris Markowski is the watchdog on Wall Street.

Speaker 4 (01:19:17):
And I don't.

Speaker 1 (01:19:26):
Well known authored investment banker, consumer advocate, analyst, trader Chris
Markowski is the watchdog.

Speaker 4 (01:19:34):
On Wall Street.

Speaker 1 (01:19:35):
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 (01:19:47):
You can't handle the true.

Speaker 1 (01:19:49):
financial world.

Speaker 3 (01:19:54):
Ladies and gentlemen, We're not here to indulge in fantasy,

Speaker 1 (01:19:59):
This is the watched or must.

Speaker 4 (01:20:05):
Hi right, I'm back, Welcome back, everybody. I'm going to
point something out. If I was the president of the
United States, I'd be all over this at this point
in time.

Speaker 5 (01:20:20):
You know, it took a little over.

Speaker 4 (01:20:22):
Four hundred days to build the Empire State Building in
nineteen thirty, almost one hundred years ago.

Speaker 5 (01:20:30):
It took a little over a year.

Speaker 4 (01:20:34):
Think about that, Think about the technology, Think about just
the advances that we've had since nineteen thirty until today.

Speaker 5 (01:20:43):
It's been a year.

Speaker 4 (01:20:44):
It's been one year since the barge hit the Francis
Francis Scott Key Bridge in Baltimore. Nothing's been done. Hell,
we haven't even we haven't even dismantled the crap that's there.
Nothing has been done in a year. Why, Hey, we

(01:21:05):
get a mix there. We got enough diverse people working
on the bridge, and we gotta get the rate contracts
in the rape bids from this group and that group.
And this is why we don't get things done in
this country anymore. Let me ask you a question.

Speaker 5 (01:21:20):
Do you think it would have been built in China
by now? Probably?

Speaker 4 (01:21:24):
Well, listen, I can be critical of China, but hey, hey,
when they want to get things done, they're gonna get
things done. They're gonna get things done. This is you know,
this is an absolute embarrassment. Anyway, I want to congratulate
Doze on the continued the great work that they're doing,

(01:21:44):
continuing to find waste and fraud case in point I.

Speaker 5 (01:21:48):
Long time listeners. Now, I am very very critical.

Speaker 4 (01:21:51):
I make fun of the various different business consulting companies.
They're jokes.

Speaker 5 (01:21:56):
Quite frankly, there really are. They're jokes.

Speaker 4 (01:22:01):
You know, whether it be Accenture, whether it be McKinsey,
I really don't know what well, I know what they do.
They're there to enrich themselves. Okay, again, I don't get this.
You're the CEO of a company, the CEO and you've
got to go outside the company and spend ungodly sums
of money on consultants to tell you what to do. Well,

(01:22:28):
what exactly do you do? Then it is quick correct
me if I'm wrong. Isn't that your job as the
CEO now? But again, this is how these well, these
really weak leaders week CEOs. It's also a way of
passing the buck. Oh, if the idea doesn't work out, well,

(01:22:48):
McKinsey or Excenture told me to do it again. What
mckensey and Accenture do is they go to managers. They
don't go to entrepreneurs. They don't go to visionaries, visionaries
and entrepreneurs. They don't hire mckensey, they don't hire Accenture.
All right, there's a big difference between Steve Jobs and
Tim Cook. Steve Job's not gonna go hire Accenture or

(01:23:09):
McKinsey to tell him what to do.

Speaker 5 (01:23:11):
Okay, he was a visionary. The big difference.

Speaker 4 (01:23:15):
And again, these various different management companies they know well
and good, much like Wall Street does that. These CEOs,
these executives and people in government, they have Napoleon complexes.
They feel small, they feel small, and they can go
in and they can tell the people in government. They

(01:23:36):
can tell the people these companies. Oh we're gonna we're
gonna make you huge. Oh my god, you're gonna do this.
You're gonna do that, and you're gonna take the company
to the next level, and you're gonna spend this type
of money. And I got my buddies here on Wall Street.
They're gonna raise it for you, all this stuff until
it all blows up. Okay, you see the people that
work at McKenzie, at McKenzie or Centure, are they visionaries?

Speaker 5 (01:24:02):
No?

Speaker 4 (01:24:03):
No, no, they probably went to an Ivy League school though,
oh yes, probably coming from very refined families. Probably went
to an Ivy League school, but never built anything, never
created anything in their entire lives. So now, no, you
how many times I've had this conversation. I go to well,

(01:24:25):
I used to don't go any longer, just to go
to all of these industry conferences, right, Anderson Gott said,
they asked me to speak at these things. And you'd
go there and you have various different advisory groups there,
and they would have consultants, yes, practice consultants there telling

(01:24:46):
you what to do, how to manage your practice properly,
and I remember them always they you know what you
gotta do. You gotta go, and you gotta fire, you
gotta you gotta go through your your business, and you
gotta fire all of your smaller clients and just focus
focused on the larger ones. And I'm like, what a
bunch of shirks, What a bunch of And again, did

(01:25:07):
any of these practice consultants ever run a practice? No?

Speaker 5 (01:25:13):
Now, It's truly amazing.

Speaker 4 (01:25:16):
It's truly amazing the amount of people that have jobs
in today's day and age claiming they know how to
do something or do something or are advising how to
do something, yet they've never done it in their entire lives.
It truly is the case. And that's what you get
often on Wall Street, you get with these big business
consulting firms down the road. But anyway, I digress. Good

(01:25:38):
for Elon Musk eliminating the contracts for these various different
consulting firms within government. But wait again, the money's still there.
Like I said last hour, the money is still there. See.
One of the great things about these consulting firms Wall
Street and other places is that they offer they offer

(01:26:01):
a lot of no show jobs for politicians that's right again.
It's how the world works. It's how the big club works.
We've described this before here on the program. You know,
you you work in Washington, d C. And you know,
all of a sudden, you know, Morgan Stanley Knox on
the go, Hey, why are you do this? We got
this thing, you know, take a look at this piece

(01:26:23):
of legislation that will help us, and all sorts of things.

Speaker 5 (01:26:27):
You know what you know, you know.

Speaker 4 (01:26:29):
I don't know how long you're planning on being in Washington,
d C. I tell you what, when you when you
get out off, you give us a call. We've got
a spot for you. And they do, think must they
give me no show job. They give you a no
show job. Hey, you get a business card, Maybe you
get in office here and there, you show up at
a conference here and there, shake some hands, and you

(01:26:50):
get paid. Okay, you haven't been doing anything in Washington,
DC anyway, so you're not used to doing any real work.
So that's what they go and they do, and that's
how the system works. Anyway. Another another great thing that
I'm seeing happening right now, and again I'm gonna actually
ask a favor of everyone, if anybody anybody out there

(01:27:14):
can send me a cosient argument, a cosion argument for
why we should keep the Department of Education. I'd love
to see it. Okay, I'd love to see it because
I'm trying to find I'm trying to get where the argument.

Speaker 5 (01:27:34):
Is and why we need the Department of Education.

Speaker 4 (01:27:37):
The best thing I've heard right now is they need
the Department of Education so it can equitably distribute money. Really,
you need all of those people to equitally distribute money. Anyway,
Let's go back to the Department of Education, which was
founded by Jimmy Carter in nineteen seventy nine. That's right,

(01:28:03):
nineteen seventy nine. You want to take a look at
test results, test results for students since nineteen seventy nine. Uh, no, bueno, no, no, bhena,
we are going in the wrong direction. Last week, last

(01:28:26):
week here on the show, we were cracking jokes about
the fact that one of our nation's most esteemed, one
of the world's most esteem university, one of the hardest
schools to get into in the entire country, for the
first time in its illustrious history.

Speaker 5 (01:28:44):
Is offering remedial algebra. And I saw that.

Speaker 4 (01:28:51):
I saw that. I said in my waist.

Speaker 5 (01:28:52):
Wait wit whoa whoa woa whoa whoa whoa whoa whoa whoa?
Correct me, Correct me if I'm wrong.

Speaker 4 (01:29:00):
I thought you had to get a certain score on
your essay ts. I mean, one would assume you'd have
to take some math classes in high school and probably
do pretty well on them to get into Harvard. I
was I want a math genius like Banny Stretch. My
brother Matt is that's what he majored in in college.

(01:29:22):
But I didn't have to take medial math in college.
Think about that for a second. Get your arms around that.
Also want you to get your arms around this too, because
the other argument that I'm hearing is, oh my god,
this is gonna do you get rid of the permit
of education, the cost of colleges. It's gonna go through

(01:29:42):
the roof. Yeah, we pulled out a which I love
to do. And when I make comparisons here on the program,
unlike others, I like to adjust for the cost of money.
I just for inflation. So average average cost of tuition

(01:30:03):
including fees, room and board, and again adjusted for inflation,
you go back to nineteen seventy nine nine grand, nine
grand all in all, in nine grand. That's average. Okay,

(01:30:25):
now it's twenty six grand, nine grand, twenty six grand,
and artist calls is going to become more expensive. It's
gone through the roof. Another thing I wanted to address.
I warned I saw this coming, and I'm like, this

(01:30:47):
is not going to be good. This is not going
to be good. This whole online trend, and it's it's
most certainly taken off. I'm an influencer, I'm an info
and this is people dedicating their lives to getting attention
on social media. That's what it is. How many followers

(01:31:10):
just one half? Again, it annoys the hell out of me,
I admit it. Okay, I am the senior citizen to
some degree at the gym that I work out here
in Tampa. What is it with the cameras and the
tripods at the gym? Really?

Speaker 5 (01:31:29):
Really, really, you're creating all of this world class exercise.

Speaker 4 (01:31:34):
I mean it's amazing to me. Everybody, everybody must be
a trainer online for crying out loud, I collect followers
and they put these things up and they get in
a way. I quite frankly, I could give a damn
your film. I'm walking right in front off I need to.
I don't even pay a damn attention. Okay, you want
to make your own workout videos, make your own gym

(01:31:54):
in your house and do it there. For crying out loud,
the whole concept should be illegal. Yeah, camera's going into gym.
But anyway, neither neither here nor there. Influencers, Okay, you
get a lot of followers, you can get paid now again. Unfortunately,
fortunately you know, they don't care. Okay, I talk about

(01:32:18):
it all the time here. What is the world's not
why I say, what is the world's second oldest profession?
We talk about get rich quick connors? Right, world's second
oldest profession? What's the oldest profession?

Speaker 5 (01:32:30):
Hookers?

Speaker 4 (01:32:32):
Hookers? Hookers? We're old oldest profession. Yes, yes, ladies of
the evening whores, whatever you want to call it. I
don't care. But doesn't make any difference. Okay, well you
tell me what the difference is between, you know, these
media influencer hookers and the real ones.

Speaker 5 (01:32:52):
I mean, same thing. They're doing bad things for money.
Oh yeah, yeah.

Speaker 4 (01:32:59):
All of a sudden, all of these these top all
of these top conservative influencers on social media interesting, all
of a sudden, they're starting to put out all sorts
of anti make America healthy again. Points. Oh no, this
is not a good idea, Robert F.

Speaker 5 (01:33:20):
Kennedy Junior. Shouldn't be shouldn't be limiting the Snap program.

Speaker 4 (01:33:24):
Shouldn't be getting rid of soda and sweets and cookies
and all that stuffy That's something that they shouldn't be doing. Yeah,
you know what, they got paid. They got paid again.
They got they got their followers, They got their followers
being maga and drawing attention to themselves. Now they want
to cash in. Corporate America says he you're a conservative.

(01:33:46):
We need you. We'll pay you all sorts of money
if you put all this anti make America healthy against
stuff out there so we can continue to sell soda
on the Snap program. Oh and it's happening. It's happening, okay,
something something we would never ever do. It's wrong. I

(01:34:12):
don't again, I don't know how people do it. I
understand nobody's got to make a living, but why don't
you go out and make an honest living? And you
know what, I'm gonna be straight up honest. Okay, the
real hooker lives a more honest living than the influencer does.
Who puts out stuff because he's paid to he or

(01:34:35):
she is paid to do it. Shame on you. Yeah, yeah,
I said it. Okay, what the hooker is doing is illegal.
What you're doing isn't. But what you're doing is far
more morally reprehensible in my humble opinion, than what the
street walker is doing. Change my mind. Gotta take a break.

(01:35:03):
Watchdog on Wallstreet dot com. Watchdog on Wall Street dot
com is our site. Take advantage of all the great
stuff we have at our site, our personal CFO program,
our podcast Watchdog on Wall Street dot com.

Speaker 5 (01:35:19):
Don't go anywhere, We'll be back.

Speaker 1 (01:35:42):
You should believe in math, not magic. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 2 (01:35:51):
Yeah.

Speaker 4 (01:35:52):
So, another thing that we warned everybody about, and again
this is whether you want to believe it or not,
this is a financial preparation issue. Your your health care.
Your healthcare is a financial preparation issue. And I warned
everybody fifteen years ago, a long than many others, that

(01:36:17):
Obamacare was going to be an absolute disaster. And it
has been. It has been. It has done everything that
we told you it was going to do. When it
came to the medical profession. It's it's screwed it up.
You've stripped physicians of their autonomy. You made a lot

(01:36:41):
of money for insurance companies, insurance profits. Woof man, oh man, okay,
oh yeah, yeah, you've driven serious healthcare consolidation. And what
do we have today? What do we have today? We
have fifteen years after Obamacare. Obama took to social media
this past week, Patentam's helf on the back. We're very

(01:37:01):
billion people, fifty million more people on healthcare here in
the United States. Yeah, it's more expensive, less competition, lower quality,
less efficient. That's the system that we have today. But
again it was by design. It was by design, and

(01:37:22):
we've gotten to a point in time. And again this
is what happens with free stuff or subsidized stuff. We've
got enough, We get enough people in this country that
vote that get free stuff or subsidized stuff. You can't
take it away from them. You cannot take it away

(01:37:44):
from them. They become addicted, they become dependent upon it,
and politically, forget it. Nobody wants to bother get way.
It came pretty close during Trump's first term. Pretty close.

Speaker 5 (01:38:00):
Well, yeah, it's because I McCain.

Speaker 4 (01:38:02):
McCain gave the thumbs down, and he and Trump didn't
like one other. Yeah, he and Trump didn't like one another.
But about I I told you right here, Okay, if
McCain didn't do it, somebody else would have. Okay, if
McCain didn't do it, somebody else would have done it.

Speaker 5 (01:38:23):
His money is made.

Speaker 4 (01:38:24):
You know, he's Republicans that are tied in with the insurance.
And so you remember, do you remember Bill Frist? Bill
Frist was Senate Majority Leader for crying out loud. He
was they see over ran a healthcare insurance company. Come on,
and again, this is well before Obamacare by design. I

(01:38:48):
think that we are eventually. I'm just telling you what
the direction we're gonna head. I think that we're gonna
end up with a single payer system at some point.
And I'm at the point right now where I wish
I'm being honest. I think they should just do it.
I think they should just get it done and over
it as long. One caveat. One caveat is I want

(01:39:11):
to be allowed to have private insurance. I want to
be allowed. I want people to be able to if
you don't want to get on government healthcare and you
want to get your own insurance. I want that still
to be legal in many cases, you know, in places
they don't allow that. But that's that's where we've got
to go with this thing. It's been an absolute disaster.

(01:39:31):
You want to take a look at the average annual
expenditures for health insurance per household. It's it's out of control.
I mean you go from you go from around what
eighteen hundred dollars when Obamacare was signed to well over

(01:39:52):
four thousand dollars per family. Didn't creat me, I'm wrong.
Didn't Obama promise that health insurance cost We're gonna drive
by twenty five hundred dollars? Ah? He did. Now that
has signific case. Anyway, gotta take a break. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com is our
site again, our personal CFO program, all sorts of great stuff.

(01:40:14):
Watchdog on Wallstreet dot Com. We'll be back.

Speaker 1 (01:40:34):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:40:44):
Yeah, I'm gonna report on something that never happens.

Speaker 5 (01:40:49):
Never, never happens.

Speaker 4 (01:40:53):
Kudos to Ron DeSantis, the governor of the state of Florida.
Ron DeSantis return earned to we the people, the taxpayer. Well, again,
it's not like we're going to be getting a check.
He sent the money back to Washington, d C. I'm
sure those criminals will find a way to blow it
some way, some way, somehow, sent back eight hundred and

(01:41:15):
seventy eight million dollars to the federal government that he
has been trying to give back over the past few years.

Speaker 5 (01:41:25):
Now, how had did you hear that?

Speaker 4 (01:41:26):
Oh you hear a politician, a state politician that got
money from the federal government saying no, no, no, no, no, no, no, no, no, no.

Speaker 5 (01:41:32):
No, we don't need this money.

Speaker 4 (01:41:33):
It's too much, nor do we like the strings that
are attached to this money.

Speaker 5 (01:41:37):
We're sending it.

Speaker 4 (01:41:38):
Back, Alex I'll take things that never happened for five
hundred please. That's what the sanists just did. Good for him,
Good for him. That's the type of leadership we need
on the local level. I want to talk about this
as well. Everybody was getting all excited. Oh you Trump

(01:42:00):
was all excited as well. They're announced that ounce the
new next generation jet fighter, the F forty seven, in
honor of Donald Trump.

Speaker 5 (01:42:13):
Oh, another multi billion dollar deal.

Speaker 4 (01:42:16):
And I saw this, And I said, what, huh we're
doing what now? Uh?

Speaker 5 (01:42:21):
Correct me if I'm wrong.

Speaker 4 (01:42:23):
Didn't we just spend a god forsaken amount of money
on the F thirty five that still barely works? And
wait what w wh whoa whoa whoa whoa whoa Boeing.
Boeing got the contract for this new jet. Boeing hasn't
built a fighter jet since the nineteen eights. Now again,

(01:42:49):
that's all. This is going to be the greatest, this
is going to be the next great thing out there.

Speaker 5 (01:42:52):
Wait wait what what?

Speaker 4 (01:42:53):
What? Wa? Woa whoa? Boeing hasn't even delivered the Air
Force one jets that were ordered in Trump's first term
that should have been here by now, that are not
gonna even be delivered until after Trump is out of office.

(01:43:13):
This is the same Boeing that has had six straight
annual losses. I'm sorry, folks, I've explained to you Boeing before.

Speaker 5 (01:43:27):
Boeing is too big to fail. That's right, Boeing is
too big to fail. Boeing is coming.

Speaker 4 (01:43:34):
We're making fun of McKinsey and accenture. Boeing is another
of one of those companies where politicians can go and
work for after they serve or people within the Pentagon.
It used to be a great company, used to be
a great company that was run by engineers, not financial engineers,
not accountants, but real engineers. That went away, that went away.

(01:43:59):
I can't, for the life of me, I can't for
the life they can't. They can't even get their commercial
aircraft out. Everything is delayed. They got their seven seven
seven explane, which is everyone has on order. Can't get

(01:44:19):
that out, the seven thirty seven Max, that one. I mean,
it's just one era after another. So we the taxpayers
and get wait with these gonna wait here, hear this contract?

Speaker 5 (01:44:29):
Okay, they can't lose.

Speaker 4 (01:44:32):
Well, we're covering all of the developmental costs for this
new fighter jet that's gonna be the greatest fighter jet
we've ever seen. I'm sorry, people, okay, I'm sorry. This
is the deep state stepping in again. Deep state stepping
in again to say boeing anyway, Uh, how about this

(01:44:55):
one again? You try to make you make heads or
tails out of this one. For me, this is uh,
this is out of Australia. Kangaroo you here, Trump cuts
off kangaroo you the prime minister, the Prime Minister of
Australia actually had to call I'm not making this up

(01:45:18):
an emergency meeting, an emergency meeting after Trump cut funding
to seven Australian universities. Why are we? Why are we
paying to keep Australian universities afloat? Did did you know that?

(01:45:40):
Did you? I didn't know. I didn't know. I had
no idea. Who knows what we're paying for? You and
I we send money to Washington, DC that they're sending
it to Kangaroo You why can't the bloody Australians pay
for their own college and you? I gotta pay for
THEIRS too, Brian Watson. Eliminate all the the debt on

(01:46:01):
student loans here. I gotta pay for that now. I
gotta pay for college over in Australia. You know it's
gonna happen people, You know what's it gonna be. I'm
telling you, this is gonna happen. People just gonna stop
paying their taxes. The IRS is actually warning about that already.
They're afraid that tax receipts are gonna fall off a
cliff because people are so ticked off at seeing how

(01:46:23):
their money is spent. It's being right in front their
like I'm not paying this. Mark my words, that's gonna happen.
People are just gonna stop paying. I gotta pay for Kangaroo.
You get out of here. Deep breath, Markowski. Watchdog on
Wall Street dot Com. Watchdog on Wall Street dot Com

(01:46:44):
is our site again. Become a part of our family,
the Watchdog on Wall Street family, personal CFO program, our podcast,
all sorts of great stuff Watchdog on Wallstreet dot com.

Speaker 5 (01:46:55):
Or give us a call eight hundred four to seven
eighty four. We'll be back.

Speaker 1 (01:47:14):
Teaking Wall streets, liars, crooks, and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.

Speaker 4 (01:47:30):
Hi, Welcome back, everybody. It is you watch Dog on
Wall Street Show. Don't don't doubt me. Don't doubt me.
It wasn't a few weeks ago. A few weeks ago,
Europe starts talking tough, the Arab starts talking tough, and
they start talking about how yeah, okay, this is after

(01:47:53):
the whole jd Vance was in Munich conference and he
upset them over there, and we're gonna build our own military. Ah, jerreman,
We're gonna spend We're gonna we're gonna spend all sorts
of money. We're gonna build up our military over there.
We can't rely on the United States. We can't do
all this stuff. And oh yeah, all the all the

(01:48:13):
left wing papers here in the United States. Just see
what you did. You upset our allies there, our friends,
you upset down. That's terrible. Right again, The New York
Times has again they've come over to my side. I
saw this story this past week. I started laughing again.

Speaker 5 (01:48:37):
This again.

Speaker 4 (01:48:38):
For the New York Times to print this, it's gotta
be worse than they're actually saying. Here's the story. Europe
talks tough on military spending, but unity is fracturing. Oh yeah, yeah,
there's a shocker here. And in the column they talk

(01:49:01):
about the inevitable gap between talk and action, and unity
is fracturing already, especially when it comes to spending and
borrowing money in a period of low growth and high
death debt. We asked, when has Europe ever had high growth? Huh?
When if they had high growth? I watched Germany blow

(01:49:25):
up this past week a coal fired electric plant that
they built six years ago for almost four billion dollars
because Greta Thunberg told them too, They're gonna build their
own military. How do you have any idea how much

(01:49:47):
it's going to cost their energy costs it, what it's
gonna cost the manufacture. It's it's insane, and countries are
starting to break away. The Dutch and others are not
fans of raising collective debt for defense. Keeping Hungary on
board is even more difficult. And when the President of
the European Commission Ursula Vonderline announced the plan for billions

(01:50:11):
more for the military called rearm Europe, two of the
blocks biggest countries, Italy and Spain, it's a.

Speaker 5 (01:50:19):
Little too aggressive.

Speaker 4 (01:50:21):
So guess what. They already rebranded their plan to readiness
twenty thirty. Why do you think twenty thirty? Well, Donald
Trump's not going to be around. This is the plan.
I'm telling you what Europe's plan is. Right now. They

(01:50:41):
are hoping, they are hoping that, you know, somebody different
than Trump is going to come in after the fact.
And again, the United States is going to continue to
pick up the bill. Told you, don't doubt me, They're
not going to do it.

Speaker 5 (01:51:02):
Gotta take a break.

Speaker 4 (01:51:03):
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot com.
Don't go anywhere, We'll be back in minutes.

Speaker 1 (01:51:14):
You're listening to the watch Dog on Wall Street. This

(01:51:35):
is the Watchdog on Wall Street.

Speaker 4 (01:51:43):
Welcome back, welcome back, it is the Watchdog on Wall Street.
So again, it's always an honor to be in front
of this this microphone. Again, I want to reiterate the
fact that we want everybody on board, on every board.
You're all welcome to become a part of the Watchdog
on Wall Street family, the Markowski Investments family. Get to
our website, sign up, got a lot of great stuff there.

(01:52:06):
Might I suggest the personal c FO program. People Again,
we are going to go through nuts the bolts, everything
that you are doing, point you in the right direction.
You need help with accounts, we got them. You need
help with lawyers, We've got them. And consultation is absolutely free,
so take advantage of it at Watchdog on Wall Street

(01:52:27):
dot com. Give us a call eight hundred and four
seven eighty four. Of course, as well our podcast. Like
I said, I started out doing guest appearances on TV
and radio. Then they gave me my own radio show
back in two thousand and then eventually started you know technology, chackin,

(01:52:47):
started doing podcasts, started doing shorts, vlogs, all sorts of
other things. Sign up for that as well. A podcast
continues to grow like Gangbusters subscribe comment. It all great
for us to continue to get the word out. You
gotta I'm always playing a game record beat the algorithms.

Speaker 5 (01:53:07):
Beat the algorithms.

Speaker 4 (01:53:08):
Uh. You know, my wife gets upset with me. She
gets upset with me when we're away on vacation. She
I gotta put it down. Why I do it to
the podcast? I got to it's not any because people
want to hear from me. But again, it's how the
algorithms go. You got to constantly put out content. And
one of the things that's been great is they talk about,
you know, the one the reasons they're pushing our podcast

(01:53:29):
out to such a degree is the fact that people
stay and listen.

Speaker 5 (01:53:33):
They stay and they listen.

Speaker 4 (01:53:34):
They don't just you know, a lot of times they're
judged based upon how long people will. You know, again,
the people's attention spans are very short, and you know,
how long people listen, how long they cut it off
for the younger people, believe it or not, I put
out these shorts because again, their attention spans not very long.
They do a couple of those a day, every day
as well. But anyway, yeah, I can sign up for

(01:53:54):
all the great stuff at our website at Watchdog on
Wall Street dot com. Real, he commented a couple of
things here, have you watched at all?

Speaker 5 (01:54:06):
I mean, you know, we're.

Speaker 4 (01:54:07):
Seeing these fools, these unhinged fools, basically vandalizing people's automobiles,
vantize people with autobiles, trying to vandalize dealerships. But you
ever watch these these town hall meetings and you watch
all of these people that was actually was at the
AOK Bernie Sanders rally. I'm watching these older women, these

(01:54:33):
miserable looking, sad sack women, these aging hippies, that's what
they are.

Speaker 5 (01:54:42):
It's it's like these these.

Speaker 4 (01:54:44):
Sad old hippies, angry old women, hippies that have taken
over the Democratic Party. You watch them, and they got
their husbands there that don't say a darn word. It's
like they got their testicles in a lock box or
something like that, And I'm like, what happened to you people? Yeah,

(01:55:10):
that's what reason I like being. You know, I go
away for the summer or part of the summer vacation.
My wife's family, you know, lives in Greece. We go
there often. You know, the little old ladies in Italy
and Greece are warm and cute and company. I have
my mother in law all this stuff, but you get

(01:55:30):
these angry oh women, hippie What I mean for crime kids?
You just you know, bake some bread and cookies. There's
something like that, and be nice to your grand chudren.
What is wrong with you people?

Speaker 5 (01:55:43):
Anyway?

Speaker 4 (01:55:45):
I'm just saying saying, it's kind of screwed up. Anyway,
this I have to address. This bothered me a great deal.
And I saw this this past week. I was learned
this earlier on Paula White. Paula White is President Trump's
House Faith Office leader. I had no idea. I guess

(01:56:09):
she's a member of a church riolet in Tampa, Florida,
some without Walls church or something like that. She puts
out a video asking people to give her one thousand
dollars before Easter. If you give her one thousand dollars
before Easter, you're going to receive seven supernatural blessings.

Speaker 5 (01:56:33):
What yeah, yeah, yeah, yeah, yeah yeah.

Speaker 4 (01:56:36):
This. You put this out in a video, You send
her a thousand dollars. God is going to assign an
angel to you that angel is going to be an
enemy to your enemies. You send her a thousand dollars.
God is going to give you prosperity. He's going to
take sickness away. He's going to give you long life.
He's going to cause an increase for you, and it's

(01:56:58):
going to be a special year of blessing. This is bad.
I'm sorry. I mean, this is like something It was
like that that television show that's pretty funny, The Righteous Gemstones.
It's like some sort of televangelist crap going on. Send
her a thousand dollars in all of these things. I'm sorry. Okay, uh, Donald,

(01:57:23):
you gotta take a look at some of the people
that you hired here. This to me, is is totally unacceptable.
I'm more on the topic of totally unacceptable. What is
with this? This Jasmine Crocket.

Speaker 5 (01:57:41):
Again. I'm embarrassed.

Speaker 4 (01:57:46):
I am utterly embarrassed and quite frankly okay, plenty of
plenty of my nephews black Okay, I mean black lives
that are black kind of friends black. They're embarrassed.

Speaker 5 (01:58:01):
You throw up the worst part of your culture.

Speaker 4 (01:58:06):
In Congress, swearing calling the making fun of the governor
of Texas because he's in a wheelchair. And that's okay. Listen, okay,
I'm half a town. Let me throw it out there.
Would I be proud to see some sort of polly
walnuts from the Sopranos in Congress? How do you vote

(01:58:29):
for people like this? I've just thrown it out there.
How does someone like this get elected? What common denominor
of low IQ do you have.

Speaker 5 (01:58:39):
To be to vote for somebody like this?

Speaker 4 (01:58:44):
Just saying.

Speaker 5 (01:58:46):
God bless everybody. Have a wonderful, wonderful week.

Speaker 4 (01:58:49):
Watchdog on Wallstreet dot com, We'll see it.

Speaker 1 (01:58:55):
Chris Markowski is the watchdog on Wall Street

All Episodes

Watchdog on Wall Street: Podcast for Weekend of March 29 - March 30 2025

Episode Transcript

Popular Podcasts

Stuff You Should Know

Dateline NBC

The Breakfast Club

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.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 29 - March 30 2025