Watchdog on Wall Street: Podcast for Weekend of April 5 - April 6 2025 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
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Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, analyst, trader.
Chris Markowski 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.

Speaker 1 (00:29):
Truth bringing America the truth about what really happens in
the financial world.

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

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

Speaker 4 (00:44):
Well, you've come to the right place. You you're at
the right place.

Speaker 5 (00:49):
If you're running around like your hair's on fire having
a collective freak out over the Trump tariffs, and uh,
it's the of the world as.

Speaker 4 (01:01):
We know it. You you're at the right place. You're
at the right place.

Speaker 5 (01:06):
We've been doing this for quite a long time here
at the Watchdog on Wall Street show in Markowski Investments.
And yeah, every calamity out there, every end of the
world moment, we've been able to guide you through. That's
what we're about here anyway. So so here here's out

(01:28):
here's went down for me. I'd go to my daughter's
lacrosse game on Wednesday afternoon's University.

Speaker 4 (01:36):
Of Tampa versus Rollin.

Speaker 5 (01:37):
So I go to my daughter's game and start at
four o'clock and I have my little air pods in
my ear listening to what's transpiring here.

Speaker 4 (01:47):
And it was funny.

Speaker 5 (01:49):
It's like, you know, it's Trump loves his long winded speeches.
I say, you know, he and probably Fidel Castro.

Speaker 4 (01:55):
Go head to head. You see how long they can talk.

Speaker 5 (01:58):
And you know, I'm not gonna reach the Corey Booker levels,
but we'll get to that a little bit later on.
But anyway, so he's given his speech and all of
a sudden, you see that ten percent tariffs across the board,
and who market takes off? Market takes off. But then
we get down to Nita Gritty and he starts talking

(02:18):
about reciprocal tariffs and he brings out these charts and jeez,
I don't think i've seen and I challenge of it
that you see what almost two trillion dollars in market
capitalization wiped away in a matter of minutes. It was extraordinary.

(02:40):
It really was just to witness and see what happened.
Everybody had a collective freak out various different panelists out there.
We weren't expecting this. This wasn't on our bingo card.
This is much bigger than everyone anticipated.

Speaker 4 (02:56):
What does this mean?

Speaker 5 (02:57):
And again, the media loves this. This is great for
britt business, This is great for conversations.

Speaker 4 (03:05):
Let's again, their job is.

Speaker 5 (03:07):
To get the people going. Gotta get the people going,
and that's that's what they're doing. We're gonna break it
down for you as best we possibly can. Now again,
as longtime listeners know, I am an equal opportunity basher
here on the program. We're honest with you. We're not

(03:29):
paid off. Okay, I'm not Sean Hannity. I don't wear
Donald Trump's skirt and carry pom poms for the president.

Speaker 4 (03:37):
Okay, I'm not.

Speaker 5 (03:38):
Jesse Waters, I'm not Laura Ingram, I'm not a part
of that crowd.

Speaker 4 (03:43):
That's nonsense to me.

Speaker 5 (03:45):
I actually actual I've watched their shows and sometimes, in
my opinion, they're insufferable, okay, because it's so blatantly bad
as far as they're pitching for an administration that's not news,
that's not journalism, and quite frankly, that's where we've gotten
to at this point in time. It's awful, and I
get it, you get the flip side, you get the

(04:06):
counterbalance over there on MSNBC.

Speaker 4 (04:09):
But you know, how about call it like it is?

Speaker 5 (04:11):
How about bringing different opinions on and discussing what's transpiring here.

Speaker 4 (04:16):
So, so the tariffs.

Speaker 5 (04:20):
Crushing the markets, and we've seen markets get crushed before,
and again we'll get into a little bit.

Speaker 4 (04:27):
Okay, it's not the end of the world.

Speaker 5 (04:30):
This is I'm gonna give you various different scenarios of
what could happen and how to go about playing this
and understanding this. Okay, So Trump drops this hammer reciprocal tariffs.
He put a floor in at ten percent tariffs, and

(04:51):
I don't even know if that's gonna remain in place.
So he shot very very high with these tariffs. And
if you take a look at some of these countries
of what they're going to pay essentially, essentially, I don't
even see them doing business with us anymore.

Speaker 4 (05:06):
I don't see how they can.

Speaker 5 (05:08):
You take a look at the tariffs that were put
on China, take a look at the tariffs put on
many of these Asian countries got absolutely smacked upside the head.

Speaker 4 (05:19):
With these things. And again the other people saying out there, well,
they even sticking the most wrongst time, and we got
to do this. Okay, Okay, I'll listen to you at
this point.

Speaker 5 (05:30):
However, okay, you got to put yourself into the position
of many companies technology companies over the past several years
that being encouraged being encouraged by Washington DC, diversified their
supply chains and moved them to places like Vietnam, Malaysia, Cambodia.

(05:52):
All Right, all right, what when I think was done here?
What I perceee happening? Donald Trump, He's not stupid. Okay,
he's not stupid. He knows, he is well aware that
unless these things are dealt with, unless there's some sort

(06:12):
of sort of negotiation, unless these tariffs are brought down
on both.

Speaker 4 (06:17):
Sides, he's done. He's done.

Speaker 5 (06:22):
He's not going to be able to move his agenda forward.
It will stop right here.

Speaker 4 (06:29):
Sorry.

Speaker 5 (06:30):
So, and I know I get the usual, you know,
the magatypes out there. I' nothing wrong with being a
MAGA type make America great again. All I ask you
to do is to have an open mind and understand that,
believe it or not, your fearless leader could be wrong,
could be wrong. And I tell people, your sign of
intelligence is once you understand that you don't know what

(06:52):
you don't know. Okay, So, so that the President of
the United States puts all of these tariffs on all
of these countries, I do think and I know for
a fact that negotiations have been taking place behind the scenes.

Speaker 4 (07:07):
For some time.

Speaker 5 (07:09):
I know it's most certainly the case with Europe and
certain countries in Asia. I don't know where it's going
to be and where it's what's gonna happen with China.
I like to remind everybody that these reciprocal tariffs are
going to take place April ninth, April ninth. I I
would expect announcement after announcement after announcement. Again, you got

(07:34):
to understand how Donald Trump works, Okay, uh not is
he You know, He's got his real estate empire and
his you know, Donald Trump this, and he had Trump water,
and he had Trump vodka, and he sold Trump fernac
us to put. He'll put his name on anything. He's
a salesman for crime. He had a reality television show
for years. Okay, He's going to try to basically make

(07:58):
announcement after announce after announcement with certain countries moving forward,
and he's gonna call them wins, and he'll be able
to go out to the press and he'll be able
to needle Democrats when it comes to this is what I
predict is going to happen. Okay, but once again, it's
a prediction. It's a prediction. Something entirely different could.

Speaker 4 (08:24):
Happen, and we'll get into that a bit. Do I do.

Speaker 5 (08:30):
I think that Europe will probably come in and probably
ease off a little bit. You gotta remember remember at
the inauguration. Remember all of the tech companies that were
there at the inauguration. The tech companies have been getting
smacked around by European regulators for a long time, and
it's hurt them.

Speaker 4 (08:52):
It's already. Mark Zuckerberg is none too happy.

Speaker 5 (08:55):
What what Facebook Facebook was just that they're facing finds
in Europe. What Facebook wants to do is it wants
to offer two tiers over there regards to Instagram and Facebook.
Whereas okay, you don't want to have ads, European Union
says you can't. You know, people want to opt out
and they want to be having targeted ads at them.
They have the right to do that. And Facebook's like, okay, okay,

(09:18):
that's fine. If they want that, well, then they're going
to have to pay a fee every single month to
use our service, much.

Speaker 4 (09:26):
Like we have to.

Speaker 5 (09:27):
If you want to pay extra for Netflix and not
have to watch commercials, you can do that. Okay, what
I do? I don't watch commercials. But the European Union
say no, you can't do that. And they're like, well,
how in the world are we supposed to make money then?
And Facebook has a point, the other tech companies have
a point, and this is where this is where part

(09:49):
of the negotiation is going to take place when it
comes to Europe. The stuff that Lutnik is throwing out there.
When it comes to food again, I get it with
certain countries. I understand. You go to Australia, for example,
I don't take any of our beef. That goes all
the way back to the mad Cow nonsense. He did

(10:12):
bring up how South Korea wouldn't take McDonald's potatoes for
the French fries because they couldn't source exactly where they come.
There's a lot of nonsensical rules that could be done
away with. But if you think all of a sudden, okay, listen,
I understand. I go there often, Italy and Greece. If
you think all of a sudden they're gonna start importing

(10:32):
our beef and our food, Hey, gonna happen. Okay, that's
gonna happen, because I'm gonna be honest with you. There's
stuff's better. There, stuff's better, and there's stuff's cheaper. So
why in the world would they import that? Again, A
lot of bluster, a lot of nonsense, a lot of
everybody puffing out their chests.

Speaker 4 (10:51):
So I gotta stick up for this. I gotta do
that raw ra Merca.

Speaker 5 (10:55):
Okay, hold on, okay, everybody again, everybody' still got their
hair on fire. And Besset came out and he said this, listen, okay,
everybody's good to come. No no retaliatory. Don't go going
coming back in us on this.

Speaker 4 (11:09):
Okay.

Speaker 5 (11:10):
Phone lines are open all right now, I say that
on you know FM radio stations.

Speaker 4 (11:16):
Phone lines are open. Yeah.

Speaker 5 (11:17):
Phone lines are open at the White House, and they're
taking phone calls. They're taking phone calls, and they're going
to listen and they're going to look to bring these
tariffs down. This this is what I see happening moving forward.

(11:39):
Trump I know is out there and he's talking about
bringing all sorts of manufacturing back here to the United States.
That's all well and good, okay, but I'm here to
tell you tariffs are not going to do that. Tariffs
are not going to do It's just not going to happen.

(12:00):
I'm gonna give you a quick example, and then we're
gonna go to a break because we're gonna do a
lot more on this.

Speaker 4 (12:04):
This is a great economic lesson.

Speaker 5 (12:07):
It costs per hour in Mexico auto workers are less
than ten dollars an hour. In the United States, it's
over seventy dollars an hour. What type of cars are
made in Mexico, Well, they would be inexpensive cars, right,

(12:28):
inexpensive cars because the labor is cheap there.

Speaker 4 (12:33):
All that's gonna do.

Speaker 5 (12:34):
And again, if these things go into full effect, all
this is going to do is going to raise the
prices of inexpensive cars because those tariffs are not even
high enough to bring manufacturing back to the United States.

Speaker 4 (12:48):
It's just not going to happen.

Speaker 5 (12:50):
Let me give you another example as well, Mercedes, Mercedes
BET BMW as well. They have an entire line of cars.
Again to young people out there, there was no BMW
one series.

Speaker 4 (13:05):
There was no C.

Speaker 5 (13:06):
Class Mercedes back in the nineteen eighties and even into
the early nineteen nineties. Okay, there was no entry level Mercedes.
They were all expensive. Okay, those cars are gonna go
at those If this remains in place, those cars are
going to go away because they're not going to be

(13:27):
able to afford to sell them here in the United States. Now,
some people think, oh, that's great, buy American What.

Speaker 4 (13:35):
Like, what?

Speaker 5 (13:37):
How many do we make American cars anymore? We gonna
buy the Ford Tours they still making it. That maybe Teslas.
That's about it for crying out loud. Outside of pickup
trucks and SUVs. You can go down the list the
top cars made most you know, whether it be motor trend,
whether it be.

Speaker 4 (13:56):
USA today, the lists.

Speaker 5 (13:57):
Try to find me an American car in that list
that's in the top twenty.

Speaker 4 (14:01):
You can't. You can't.

Speaker 5 (14:03):
And that's lack of choice. And I'm telling you right now,
Americans like choice. It's not gonna fly with Americans.

Speaker 4 (14:11):
It's not.

Speaker 5 (14:12):
And I think Trump knows that as well. We have
a lot more on this now. Listen, everybody pay close attention. Okay,
you're concerned about your portfolio. What's happening right now, That's
what we're here for. I encourage all of you to
get to our website at Watchdog Onwallstreet dot com Watchdog

(14:35):
on Wallstreet dot COMF you sign up for our personal
CFO program, most certainly subscribe to our podcast because I'm
covering this every single day, everything up to date, without
all the bull excerment that the mainstream.

Speaker 4 (14:48):
Media is throwing at you. We dissect, we get through all.

Speaker 5 (14:51):
That gobblygookmuck Watchdog on Wallstreet dot com or you give
us a call eight hundred four seven eighty four, we'll
be back with the your.

Speaker 1 (15:15):
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 (15:28):
Oh, we'regan.

Speaker 5 (15:34):
At the Watchdog on Wall Street show covering uh.

Speaker 4 (15:38):
Tariffs and listen, yeah, I get it. I get it.

Speaker 5 (15:45):
Many of you out there like we get ripped off
all this time. All right, you're not wrong, You're not wrong. Okay,
And do I think that again? This is where I
think cooler heads are going to prevail. Cooler heads are
going to prevail. Yes, yes, we have the largest market

(16:08):
in the world. We are the greatest consumer nation in
the world.

Speaker 4 (16:15):
I get all of that.

Speaker 5 (16:18):
However, we're also a nation that is accustomed to certain
prices for things. Now, Donald Trump was elected was elected.
It wasn't just about the border. Okay, they've been doing
a great job on the border. Wasn't just because of
the border. It was also due to inflation and high prices. Now,

(16:43):
even at his Rose Garden ceremony, was given credit to
the Agricultural Secretary talking about AIG prices going down because
it wasn't that long ago. Democrats were hitting him on that.
If all of a sudden, when somebody needs to upgrade
their iPhone and the prices are three four hundred, five

(17:04):
hundred dollars more than they were, people are gonna be upset.
People are gonna be upset about that. You've gotten people
accustomed to paying certain prices for certain items. It's tough
to get away from that. And I get you know, again,

(17:26):
this is politics as well.

Speaker 4 (17:28):
They can to bring it bringing manufacturing back to the
United States.

Speaker 5 (17:31):
Again, I want to bring certain manufacturing back to the
United States as well. But for crying out, a lot
of people, we've got We've got an unemployment rate that's
sitting at around four percent. Sitting at around four percent.
Where are we going to get the workers? Do you

(17:52):
think that all of these factories, okay, are going to
just up and move back to the United States just
like that, certain ones, Yes, But I don't think it
has anything to do with tariffs. To be quite honest
with you, foreign companies have been moving back to the

(18:13):
United States for some time. Let me give you an example,
the Hundaied plant outside of Atlanta. Do you know how
difficult of a time they're having right now finding workers.
They're having a difficult time finding workers. BMW makes their
SUVs here in the United States. Mercedes makes a bunch

(18:34):
of their SUVs here in the United States. Volkswagen has
got a plant here in the United States.

Speaker 4 (18:41):
I can go on and on and on.

Speaker 5 (18:43):
And one of the reasons for those German automakers to
manufacture here in the United States is, guess what, our
energy prices were much much better than it was in Germany.
I want, I want, want manufacturing to move back to
the United States because it's conducive to do so, because

(19:07):
we are the most attractive place to do business in
the world.

Speaker 4 (19:12):
There was a whey Dowa, I have it here somewhere.

Speaker 5 (19:15):
It was actually from micro Micro from from dirty Jobs.

Speaker 4 (19:21):
He put out this put out this bit was. It
was fascinating to me.

Speaker 5 (19:25):
He's he's actually trying to find he's actually with tasks.
Were trying to find workers to work on submarines. They
need workers for submarines.

Speaker 4 (19:36):
He can't find them.

Speaker 5 (19:40):
This is this is the call micro for every five
tradespeople that retire this year to replace them. This has
been going on for twelve years. This math doesn't work.
It doesn't work the maritime industry, Okay, right now, try

(20:01):
to get him. They need workers. Okay, they need one
hundred thousand workers. They can't get them.

Speaker 4 (20:08):
So we have to Again.

Speaker 5 (20:09):
I don't want to put the cart before the horse,
but we have to change the way we're educating our
kids in schools and explaining to them that the only
way you know to succeed in this country is not
just to go to college, but it's also to work
in these other industries. That's going to take time. Watchdog
on Wallstreet dot com, Watchdog on Wallstreet dot Com a

(20:30):
lot more on this.

Speaker 4 (20:31):
Don't go anywhere, We'll be back.

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

(20:59):
believe in me, not magic. You're listening to the watchdog
in Wall Street with Chris Markowski.

Speaker 4 (21:07):
Walking back everybody, it is the watchdog on Wall Street.
Shoe again. People. We are here to help. We're here
to help, just like we guided everybody through.

Speaker 5 (21:17):
The whole Dot Com fiasco and ron financial crisis, great recession, COVID,
Been there, done that, and we'll get into embracing the
suck that is these difficult markets. And again I warned you, okay,

(21:37):
we talked about it here on this very program that
twenty twenty five was going to be a very volatile year,
very volatile year. And again I have to remind everybody
as well. When Trump put tariffs on, I was back
twenty eighteen, you saw a major market correction.

Speaker 4 (21:58):
It's nothing like this. Though, it's nothing like this.

Speaker 5 (22:02):
But again I'm gonna remind everybody, gonna remind everybody. He's
not stupid, He's not he knows, he knows his It's over. Okay,
it's game over unless you start getting some things done
and getting some deals cut with these various different countries.

(22:27):
Everything from his tax cut addition, he keeps talking about
this big beautiful bill that he wants to put through.
That's not going to happen. Let's talk a little bit
about some of the things that the critics are saying
about these teriffs. First and foremost, Okay, economic risks and uncertainty. Yeah,

(22:48):
we've been dealing with that and that's why the markets
are in disarray right now. Nobody knows what's up. Nobody
knows what's up. Nobody knows how certain country are going
to react. Again, if there is widespread retaliation, I'm here
to tell you right now, it's gonna get harrier.

Speaker 4 (23:12):
It is what it is.

Speaker 5 (23:14):
Again, I'm telling you what is going to transpire. I'm
giving you the reality of the terrain. On other criticism,
this is going to harm American exports again.

Speaker 4 (23:28):
We want to sell.

Speaker 5 (23:29):
More, right, we want to expand markets again. That was
one of the reasons why we bent over backwards for
China back in the day World Trade Organization and all
of this stuff. And it didn't work out the way
we wanted to. Okay, we had American companies bending over backwards.
They were licking their chops. I saw, wow, this country's

(23:51):
growing people are getting wealthier.

Speaker 4 (23:52):
And again they did. But again a.

Speaker 5 (23:55):
Lot of intellectual property, theft, all sorts of things happen.
They put protectionist measures on our stuff, made it more
difficult to sell our stuff over there.

Speaker 4 (24:07):
American companies cutting deals.

Speaker 5 (24:09):
Okay, you want to sell here, but guess what you
got to manufacture it here. Well, we're giving them of
that a little bit back. But the reality is, okay,
forty percent forty one percent of the S and P
five hundreds revenues come from overseas. We do not want
those arrangements blown up United States. Our companies are going

(24:34):
to get hit hard if there's retaliatory terrorists.

Speaker 4 (24:39):
That's the reality.

Speaker 5 (24:41):
Another thing that that concerns people, concerns me as well
is special carve outs and handouts and giveaways. Again, this
is a swamp type maneuver where you know, this company
X y Z gets a special deal that's you know,
with this country, and thus other company doesn't get it.

Speaker 4 (25:00):
That has to end. That has to.

Speaker 5 (25:04):
People are also concerned saying this could be the end
of the United States' economic leadership. I'm not so sure
about that. I'm not, like I said, I think deals
are going to be made moving forward. Some people are
concerned that because of that, China is going to step

(25:27):
into the void and they're going to be calling up
Europe and saying, well, listen, the United States stuck it
to you do business with us again. Not a very
reliable partner doing business with China again. The type of
things that they've done through their Beltian Road initiative, lading
countries with ridiculous amounts of depth. Countries are pushing back

(25:49):
on that. So I don't know if that's necessarily going
to happen. The worst case scenario I want to go
to worst case scenario. Worst case scenario is you get
all sorts of retaliatory terrafts, all sorts of retaliatory tariffs
come in, and there is a global trade war. Very bad,

(26:14):
very bad for our economy. Most certainly would see a recession.
Most certainly would see a recession, probably a deep one.
Markets would be facing a very very difficult, difficult time period.
What then, Well, again, this was an executive order, Okay,

(26:39):
Donald Trump, he came out, he had the flags behind him,
he had the chairs set up, he had the band playing. Okay,
this is an executive order. This was not done through Congress,
so this could be done away with lickety split. And
again this is why I this is my belief system

(27:01):
is that there's already been deals made, there's stuff in
the works because again Republicans, Republicans, they see this not
working out and they start looking at the poll numbers.
They can do away with this but quick. So that
is the worst case scenario type of a situation. But hey, people, Okay,

(27:25):
we're gonna get and we get it back from the break.
We're gonna get into embracing the suck. This is part
of being an investor. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com is our site. Become a part
of the Watchdog on Wall Street family, our personal cf
all program, our podcast, all sorts of great things there.
Take advantage Watchdog on Wallstreet dot com or give us

(27:46):
a call eight hundred and four to seven.

Speaker 1 (27:49):
Eighty four, bringing America financial freedom, one listener at a time.

(28:10):
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 5 (28:18):
All right, all right, we got a lot you know again,
major market movements, Uh, lots of lots of short term
And that's why when I say short term, okay, I'm
not talking short term like the folks on CNBC are
talking story. I mean they're trading days, month, quarter, weeks,

(28:43):
all sorts of stuff. I would I would expect. I
would expect a very volatile year. Like I said, at
the beginning of the year, everybody again, everybody was cheering
up and down talking about Okay, Trump's president now and
again there was some good things to getting rid of regulations,

(29:03):
getting rid of regulations, lowering taxes. You know, some of
these things I hold on. You got that that tariff
thing that's that's looming out there, and that can cause
a major disconnect.

Speaker 4 (29:18):
Now, you know, not to mention the fact.

Speaker 5 (29:20):
Okay, what Elon Musk is doing, which is fantastic, fantastic. Again,
I'm not so sure that the things that he is
doing are going to stick because I don't trust the uniparty.
I don't trust Republicans, I don't trust Democrats. But getting
rid of government waste again, where we are a nation

(29:41):
that's addicted to government spending. So there's a lot of stuff,
a lot of stuff that we've had to deal with.

Speaker 1 (29:50):
I have.

Speaker 4 (29:52):
I've worked.

Speaker 5 (29:54):
I've worked through so many market selloffs, so many market panics, crashes.
I I can't even remember them all.

Speaker 4 (30:09):
I can't.

Speaker 5 (30:12):
From time to time i'd be like, oh yeah.

Speaker 4 (30:14):
Remember that time.

Speaker 5 (30:16):
Oh you remember the Asian financial crisis. Oh yeah, remember
the European debt crist Remember the flash crash, remember COVID,
Every single one, every single market crash, sell off, economic panic,

(30:38):
market panic.

Speaker 4 (30:41):
They're all different. They're all different.

Speaker 5 (30:45):
Again, you get the pundits on TV. They try to
compare one with the other one and the similarities between that.
Let me, let me try to, let me try to
explain to you. Okay, how how they're there. They're actually alike.
Every single event, every single event is presented as a

(31:07):
near death, cataclysmic event, unprecedented in every way, and it's
gonna take the world down. And now the thing is
painful as hell, painful as hell, especially especially if you
have a crappy portfolio or you have little faith and
your process. I'm gonna take a quick break right here.

(31:31):
You're listening to the Watchdog on Wall Street. To you,
Watchdog on Wallstreet dot com is our site again, personal
CFO program podcast. Take advantage of all the great stuff
we have Watchdog on Wallstreet dot Com.

Speaker 4 (31:44):
We'll be back.

Speaker 1 (31:59):
Wall Street Liars, crooks and cheets out behind the woodshed.
You're listening to the watch dog on Wall Streets.

Speaker 4 (32:11):
Welcome back everybody. Yeah, a little Eddie Grant show my age.

Speaker 5 (32:18):
I still have this on vinyl for crying out loud.
Welcome back everybody. It is the one the only watch
dog on Wall Street. Your watchdog on Wallstreet dot Com
is our site embracing the suck. Markets do not go
up in a street line. Doesn't happen, does not happen.

(32:45):
What you're gonna do right now. If you are not smart, okay,
if you're not listening to us here is you're gonna
take a look. You're gonna take a look at your statement.
You can take a look at your statement and you say, why, Man,
I should have done this?

Speaker 4 (33:02):
Man, I mean I imagine if I had done that.

Speaker 5 (33:05):
Imagine if I had taken that out, maybe if I
sold here, maybe if I went to cash up this
point and time, natural, natural people do that. And this
is why, again, this is why investors lose. This is
why individual investors lose all the time. I gave you

(33:27):
that money quote from JP Morgan a week or two
ago here on the program, market selloffs, economic calamities occur,
stocks return to their rightful owners.

Speaker 4 (33:39):
From JP Morgan.

Speaker 5 (33:42):
The thought process of playing Monday morning quarterback is a
complete and utter exercise and futility and what it leads to.
What it leads to is short term bad decisions that
counter long term plans and goals. I've been doing this

(34:06):
a long time. I've been doing this a long time.
We have We've built our business up, our client retention
rate best in the business, clients all over the world,
and more often that we can because we have all
the time new business, new clients coming, and little by little,

(34:32):
in my opinion, stupid stupid.

Speaker 4 (34:37):
I'm gonna call what is stupid.

Speaker 5 (34:39):
Emotionally driven decisions have blown up more portfolios than those
boiler room operators like the Jordan Belfort's, the Wolf on
Wall Street types. All right, again, I've shared this story
before because I always talk about embracing the suck back when,

(35:02):
back when I was in high school and playing football
in the fall. I'm sure many of you have done
the same thing. Okay, back then, Back then, we had
double session practices three weeks before school started in August,
five days a week, with an extra single session on Saturday.

(35:24):
Practices two and a half hours in the morning, two
and a half hours in the afternoon.

Speaker 4 (35:30):
Yeah, I'm from upstate New York.

Speaker 5 (35:32):
But it's pretty hot up there in August and humid
eighties nineties, sweating.

Speaker 4 (35:40):
Many of us. Again, this is you know, children of
a different area. Many of us.

Speaker 5 (35:44):
Had jobs in the evening as well, and we be
sitting there at our lunch break, you know, commiserating with
each other.

Speaker 4 (35:53):
Man. This sucks.

Speaker 5 (35:56):
Yeah, and every year, every year, dozens of kids they
would quit. They couldn't hack it, and they would quit. Yeah,
maybe maybe football practice would start. We'd have fifty sixty
kids out there. When all was said and done, through attrition,
we'd end up with a team of about thirty. Had

(36:20):
this linebacker coach that I liked a lot, and they
said this. He says, you guys are gonna have to
embrace the suck. You get through the suck and get
through to the other side, and everything is going to
be great. Guess what, we got football games coming up

(36:41):
Friday night, and it's gonna be packed under the lights,
and it's gonna all be worth it.

Speaker 4 (36:45):
And he was right.

Speaker 5 (36:47):
This is the thing that you need to understand as
an investor. In what successful investors do you have to
learn to embrace the suck and reap the long term
awards that are well worth it. Yeah, you got you
got all these these pundits out there, Get all these
pundits out there. And I'm gonna pick on, pick on

(37:10):
Jim Kramer a little bit because it's it's funny. It's
like an ongoing joke because he posts things up on
X and whenever he does, it's almost it almost seems
like the exact opposite happens.

Speaker 4 (37:23):
Now.

Speaker 5 (37:24):
I've met Jim a few times. His his actually his
hedge fun was in my building where I lived. It
was above the Delmonico building in downtown New York on
Beaver Street decades ago, and it was a different cat
at that point in time.

Speaker 4 (37:40):
He's this job right now is to entertain. That's what
he is.

Speaker 5 (37:45):
Okay, Remember remember Dion Warwick and the Psychic Friends Network.
These people that are that are coming on, These people
that are coming on and telling you that they know
what to do and how you should play this and
what to do next and all of this stuff. Again,
they've got some sort of special insight into how the

(38:06):
market is going to move or react.

Speaker 4 (38:07):
They don't know anything.

Speaker 5 (38:12):
We've discussed here on the programs are process, are rules
of the road, and it works we've talked about here,
the importance about last week, we talked about boundaries here
on the program setting yourself rules. Many people are like, well,

(38:33):
you know, I don't think I'm gonna put money away
this month. What are you nuts? Of course, you do
your dollar cost averaging. You don't care what the markets
are doing. That's on autopilot. Man, Remember Crash Davis, Remember
Crash Davis and Bull Durham goes out to the picture.
Don't think it only hurts the ball club. You set

(38:56):
your boundaries and you set your rules, You set your parameters.

Speaker 4 (39:00):
You have a process and you follow it. You follow it.
I don't care how foul.

Speaker 5 (39:10):
The market seems at this point in time. It's not
gonna end up that way. Embrace the suck, follow your process,
and you will be just fine. Watch Dog on Wallstreet
dot com, watchdog on Wall street dot com, don't go anywhere.

Speaker 4 (39:31):
We'll be back, well.

Speaker 1 (39:46):
Know and altered investment banking consumer advocate handalyst trader Chris Markowski,
he's the watch dog on Wall Street. Do you want
to answer exposing the lines and myths that them being
brokerage for the mainstream press and the government are pushing
to keep Americans away from financial freedom.

Speaker 2 (40:06):
You can't handle the truth.

Speaker 1 (40:08):
Bringing America the truth about what really happens in the financial.

Speaker 3 (40:12):
World, Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 1 (40:18):
This is the watchdog on wall streams.

Speaker 4 (40:23):
All right, what the fack?

Speaker 5 (40:24):
What one thing I failed to address?

Speaker 4 (40:28):
I probably failed to address some things as well.

Speaker 5 (40:33):
Is that again the economic impact based on this, many
people are asking, we made Oh, it's gonna be a recession. Well,
it's going to slow the economy. Dog, if you be bringing
business back?

Speaker 4 (40:43):
WHOA. Okay, there's there's a reality when it comes to
the markets. There is.

Speaker 5 (40:52):
And when I see these ignoramuses on Fox News and
other networks.

Speaker 4 (40:58):
As well, Okay, not just it's it's all over the place. Say, ah,
wall Street been doing great for a long time. What
does that mean?

Speaker 5 (41:05):
Wall Street has been doing great for a long time.
That was a Jesse Waterson at this past week. I
want to smack him upside his head. Okay, you've got
people that are investors in four oh one ks and
iras and pension funds and all of these things that
have benefited from American companies and investing here in the

(41:31):
United States.

Speaker 4 (41:34):
Wall Street.

Speaker 5 (41:34):
No, this is the majority of the country for crying
out loud. Now when when people and this is a reality, Okay,
you might not like it. Again, I always get to
blow back from the super trumpers out there. They're like
butt monkeys, but but but but but but but you
don't have an argument. What I'm saying is true. People

(41:55):
will look and it's natural it's gonna happen. People are
gonna look at their portfolios, They're gonna look at the uncertainty.
They're gonna look at the news and oh, you know,
I was thinking I was thinking about buying that. I
was thinking about going on that vacation. I was maybe
gonna buy a boat. Maybe I was gonna invest in this,

(42:17):
whatever it may be.

Speaker 4 (42:20):
And they don't.

Speaker 5 (42:23):
They freeze when people say and again I rip this
here on the program, like markets hate uncertainty. Markets, markets
don't hate anything. Okay, markets are what markets are. There's
a buyer and a seller. Okay, you get it. That's
what a market is. There's a buyer and there's a seller.

(42:43):
Markets don't like uncertainty. Okay, what really doesn't like uncertainty?
What they should really say Okay, is investment purchasing animal
animal sirs, animal spirits don't like uncertainty. It's the reality

(43:07):
for most people. Now, I I for one, and I
try to explain this here on the program.

Speaker 4 (43:14):
Again, and this is a John F.

Speaker 5 (43:16):
Kennedy quote. He talked about, uh, what was it? That
was the word?

Speaker 4 (43:23):
It was a crisis. I forget it.

Speaker 5 (43:25):
Talked about it being Chinese symbols, one meaning opportunity, the
other one being danger. And I try to take a
look at and I always that we talk about it
here on the program, market selloffs, disconnects, whatever they may be,
to try to take a look at them as an opportunity.

Speaker 4 (43:41):
How can I take advantage of this situation?

Speaker 5 (43:44):
But many people don't, and that will translate and that
will work its way down to the overall economy.

Speaker 4 (43:52):
Okay, this is the reality of the terrain. Now.

Speaker 5 (43:56):
I did a I did a piece this past week,
did a PCE this past week on my podcast was
called Requiem, Requiem for Trump, Requiem for Trump. And again
this again, this is real. I mentioned last hour h
last hour on the program. I talked about the fact

(44:17):
that again Republicans are with him right now, right now,
but they might not be a.

Speaker 4 (44:27):
Few months from now.

Speaker 5 (44:31):
And again he promised certain things, promise certain things, and
I've said given him credit for the what he's done
when it comes to the border. I think it's absolutely fantastic.
And how quickly those things have been done, getting the
price is down of gasoline, eggs. But again I'm being

(44:52):
honest here, people, Okay, you can't deny this. Okay, prices
start going up, prices start going up on items.

Speaker 4 (45:03):
I'm sorry.

Speaker 5 (45:04):
He can send he can send Lutnik out, he can
send Vance out, he can go out to a podium
and tell you that he's transforming his country and magically
it's gonna be better. A year from now. Two years
from now ain't gonna fly. You know it, and I
know it. It's not going to fly, and it will

(45:30):
be a disaster in the midterms. It will also be
a disaster for his agenda.

Speaker 4 (45:39):
Right now it is.

Speaker 5 (45:41):
He has made it that much more difficult. And it's
just again, it's a reality.

Speaker 4 (45:45):
Things could change quickly.

Speaker 5 (45:47):
I get I mentioned this first hour of the program.
My belief again, I believe that deals are in the works. Okay,
things have already been to discussed and we're going to
start seeing announcements moving forward, God willing, so we can

(46:07):
get tax cuts, we can cut.

Speaker 4 (46:11):
Government spending and some of the things I.

Speaker 5 (46:16):
Don't like hearing coming out of Republicans right now in
Congress as they're actually discussing raising taxes.

Speaker 4 (46:26):
Certain Republicans that's.

Speaker 5 (46:28):
Right, keeping the tax rates higher for some of the
top earners, are saying, well, let's find the table. We
might have to do this for the no taxes on tips.
Then I'm telling you right now it's going to be
arm again in the midterms anyway. Anyway, Again, I doing

(46:51):
stuff on this all the time, and I want to
remind everybody every day every day I'm up, bright and early.

Speaker 4 (46:58):
I'm going through everything.

Speaker 5 (47:00):
We dissect everything for you on our podcast every single day.
It's not one long podcast. We do topic topic top
various different topics. Five minutes, ten minutes, fifteen minutes. Get go,
Go to our website, Watchdog on wallstreet dot com.

Speaker 4 (47:17):
Sign up for it. There Again, I'm.

Speaker 5 (47:20):
Gonna be basically holding your hand every single day through
everything that.

Speaker 4 (47:27):
Is going on.

Speaker 5 (47:28):
It's honestly, it's a kind of a great medium. Quite frankly,
it's been great for us at Markowski Investments in being
able to teach people and help people out. I love
your questions. I incorporate them into our podcasts. I love
your comments. That's what we're here for. Let's move on.
Let's move on. Okay. Oh boy, yep, the maga types

(47:51):
are gonna get upset with me again. I was really
ticked off.

Speaker 4 (47:56):
I was. Yeah. I was pretty much shoven, you know.

Speaker 5 (48:00):
I I'd smoke coming out my ears with Trump this
past week and nothing to do with tariffs. Two different stories.
Now again, I got a for some of our listeners
that are new here to this program. We started out
the Watchdog on Wall Street show. Okay, I started this
program and basically what I was doing, Okay, I started

(48:23):
in twenty twenty five years ago. Prior to having this show,
I was a guest. I was a guest on programs, TV, radio,
and be honest with you, I was pretty much kind
of the whipping boy at that point in time, because
I was out there saying, you know, hold on, folks, Okay,

(48:45):
these dot com valuations are a bit nutty at this
point in time. Many of these companies quite frankly, I
don't see them working out. But again, the euphouri at
that point, oh my God, it's the new economy, and
they had all sorts of funky new words.

Speaker 4 (49:03):
It's the new paradigm.

Speaker 5 (49:05):
And I remember this line at that point, I'm one
of the dumbest things I've ever heard. You don't understand Markowski,
earnings don't matter anymore, Right.

Speaker 4 (49:16):
Sure they don't. Sure.

Speaker 5 (49:18):
Let's like saying gravity doesn't matter. It matters, it matters.
And we were right. And then eventually started the show,
and what we did was we went after financial fraud scams.
Show is only an hour back at that point in time,
and that's something that we have done.

Speaker 4 (49:39):
I kind of be honest with you.

Speaker 5 (49:42):
I've changed to some degree where I was a real
hell and brimstone, yellow and screamer back at the time,
going nutside again. I've changed over the years to say,
you know what, people, I'm gonna try to educate you
about the right things to do with your money, and
I'm gonna explain to you what to avoid. Okay, but
at some point in time you have to take responsibility.

(50:06):
You have to take responsibility. And again, you can't get
duped in to get rich quick schemes. You can't get
scared into other nonsense or anything like that. My goal
was basically changed this show to be more about educating
people about how to become wealthy. But anyway, anyway, this
past week I get word, it was actually late last week,

(50:29):
I get word that Donald Trump pardoned pardoned the founder
of Nicola, Trevor Milton. This was a fraud that I
exposed here on this show.

Speaker 4 (50:47):
I warned people about this.

Speaker 5 (50:52):
I've spoken to people that were duped into his scam,
and Trump pardoned him and this sob.

Speaker 4 (51:06):
Okay, it's lent. I'm not supposed to be doing that. Anyway,
comes out, he says.

Speaker 5 (51:10):
The greatest comeback story in America is about to happen.
This guy, this guy was convicted of securities fraud, wire fraud.

Speaker 4 (51:22):
He is a con man. He duped investors.

Speaker 5 (51:28):
He did he had a podcast where he lied to
people social media. He ran a commercial for his truck.
If you're not familiar with this, he had an ev company,
except it was for a semi that I get you ran.

Speaker 4 (51:41):
On hydrogen and oh wow, look at this fancy.

Speaker 5 (51:45):
Truck and it shows it rolling and moving, it was
going down a hill. He actually he actually duped General Motors.
General Motors was a major investor in this company. He
was sentenced to four years in prison. He was out
on bond Trump parded him. But let me tell you

(52:07):
how crooked this is. You want to know his lawyer,
Brad Bondy. Sound familiar. Yeah, it's Pam Bondi's brother. You
want to see how more crooked this is.

Speaker 4 (52:20):
Okay? And again you're super Trumpsters out there.

Speaker 5 (52:22):
You're not gonna like this, okay, but you need.

Speaker 4 (52:25):
To hear it.

Speaker 5 (52:27):
Milton and his wife donated more than one point eight
million dollars to Trump's fundraising committee back in October. He's
never made a donation ever in his entire life. He
was supposed to pay back. He was supposed to pay
back millions and millions of dollars to the people that
he duped that got thrown out based upon this. This

(52:52):
makes me sick to my stomach because it didn't. After that, Okay,
it gets worse, folks. Trump came out and he commuted
the sentence of Carlos Watson from Ozzie Media. Another scam,
another ripoff that we covered here on this program. This

(53:14):
guy was due he was supposed to start serving one
hundred and sixteen month prison term. Multi million dollar scheme lying.

Speaker 4 (53:22):
To investors and he got off. He got off. And
you know what people are.

Speaker 5 (53:31):
Like, whyed the well of Why aren't the Democrats making
hey over?

Speaker 4 (53:34):
This is the big deal. I'll tell you why, because
they do it too.

Speaker 5 (53:41):
They do it too. Oh yeah, you remember remember Mark Rich? Yeah,
Denise Rich's husband who was He was in Switzerland again.
He couldn't go back into the country. He was trading
oil with the Iranians. We can go on on on
down list. This is like going back to the medieval

(54:02):
practice of selling indulgences by the Catholic Church.

Speaker 4 (54:06):
You see, they're not making hay.

Speaker 5 (54:07):
Over this Democrats Republicans because hey, they see it as
a fundraising opportunity in the future too. And yes, should
it should You be sick to your stomach over this?
Absolutely absolutely, It's gross. Goes against everything that I believe in.
We believe in at the Watchdog on Wall Street show

(54:30):
and Markowski Investments.

Speaker 4 (54:34):
Got to take a break. Watchdog on Wallstreet dot Com.

Speaker 5 (54:37):
Watchdog on Wallstreet dot Com is our site.

Speaker 4 (54:40):
Come a part of our family.

Speaker 5 (54:43):
Simple get there, sign up for our personal CFO program,
our podcast, all sorts of great great stuff Watchdog on
Wallstreet dot com, or give us a call eight hundred
four seven one fifty nine eighty.

Speaker 4 (54:55):
Four time believe, I'll tell you about the magic. It's
like a ton of talents danger.

Speaker 1 (55:14):
This is the watchdog on Wall Street.

Speaker 5 (55:23):
Everybody, it is the watchdog on Wall Street show. You
can always honor to have tuned into the program I mentioned.
I mentioned indulgences, and I thought about it this past week.
Two thousand and two, two thousand and two, is now
nothing changes. Two thousand and two, I wrote a column

(55:43):
entitled Return of the Indulgence, and I got into the
you know, the reasoning behind it, and you know the
Catholic Church during that point in time, basically again they
were like the government and the ways of raising money
for the church. And uh again it's kind of like

(56:05):
a hidden tax. I guess in some way you pay,
you pay your way out of purgatory, buy and today
it's buy your way out of jail. And I wrote
that back in two thousand and two because I was irate.
I was irate because that I don't if you remember
Elliott Spitzer who was the he was the Attorney general
state of New York, and he talked about this this ah,

(56:27):
I got this global settlement with all the big firms
out there right again to pay a billion dollar fine. Nobody,
nobody went to jail. It was a joke, and I
know everything that took place. There's an Italian restaurant on
it's Sullivan Street in downtown York, if I remember correctly,

(56:49):
It's Minetta's Tavern. It's a Taian restaurant. And he had
a meeting there. It was like almost thin I'm mafia meeting.
He had all, you know, the heads of the various
different big firms, and they came well, they came to
an agreement on this global settlement that they were going
to pay and you know what they were also going
to do too. They also funded his campaign to be
governor of the state of New York.

Speaker 4 (57:09):
You remember he turned into client number nine, remember that. Yeah.

Speaker 5 (57:15):
Yeah, all of these big firms, they all paid their
way out. And again this is some of the things
that you have to look out for, and you have
to understand who you're doing business with. The banks are
doing business with, who they are and what they are
all about. White collar crime And I've stated this many

(57:35):
occasions here on the program, had written about this white
collar crime pays in this country. Yeah, I am not
a fan at all of our justice system here talk
about justice here in the justice here in the United States.

Speaker 4 (57:52):
It's nonsensical.

Speaker 1 (57:53):
You know.

Speaker 5 (57:54):
The funny thing is I wrote about this years ago.
I said, you know, if you if you had an
ethical buy pass at birth, you're some sort of socio path.
Go to Wall Street, man, study hard school, go to
an Ivy League school, get a job on Wall Street,
because guess what, you work at one of those big firm.

Speaker 4 (58:15):
And do whatever you want.

Speaker 5 (58:17):
Ah, sure you get caught. Ain't gonna happen to you.
Hell no, No, the firm is gonna pay. And they
chalk this up in the news. They chalk this up
as some sort of win. Oh, JP Morgan has to
pay a fine. This one's gotta pay a fine. That
one's gotta pay a fine. Corporations are tax id numbers

(58:40):
and logos. The reality is who pays the fine the
shareholders of the company. Companies don't steal money. Companies don't
steal money. Companies don't rip people off. People rip people off,
and they need to be held responsible. I had one
caveata back in the day when I called this, I said,

(59:02):
the only type of white collar crime where you're gonna
get Really, you're gonna get punished. They're gonna throw the
book at you. Is if you rip off one of
the big banks, if you rip off one of the
big firms, you go after some of the people in
the big club, the powers that be. Oh, they're gonna
throw the book at you. And boy was I proven

(59:25):
right again this week. Charlie Javis again, we talked about
this on the show too a few years ago. Charlie
Javis is the founder of a startup company that JP
Morgan bought in twenty twenty one. Well, she kind of
lied to JP Morgan about the customers that they had

(59:48):
and the money that they were making. Guess what, They
threw the book at her.

Speaker 4 (59:54):
Again. It's something that these big firms do all the time.

Speaker 5 (59:57):
They sell crack to the general public out of regular.

Speaker 4 (01:00:00):
Basis and nothing happens.

Speaker 5 (01:00:02):
You sell it to them, You're going to jail. Watchdog
on Wallstreet dot com. Watchdog on Wallstreet dot com.

Speaker 4 (01:00:10):
You see reality.

Speaker 5 (01:00:11):
Lives here on the Watchdog on Wall Street Show.

Speaker 4 (01:00:14):
Become a part of our family.

Speaker 5 (01:00:16):
Get to our website Watchdog on Wallstreet dot com, or
give us a call eight hundred four seven one fifty nine.

Speaker 1 (01:00:22):
Eighty four, 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 (01:00:45):
Something that people ask me from time to time. You know, Chris,
aren't you aren't you worried? Aren't you worried? And what
you talked about, what you ranted about on the podcast
is going to get you in trouble? And aren't you
know the people you you went after Fox, aren't they
going to be upset with you? You went after this one?

(01:01:07):
Aren't they going to be upset with you? Won't that
undermine your ability to go on their TV shows? No,
I'm not worried, and yeah it might undermind it has
I don't care.

Speaker 4 (01:01:24):
I don't. I don't.

Speaker 5 (01:01:27):
I can understand how we think at Markowski Investments, how
I think on this show. I set certain I talked
about boundaries first hour of the program. When it comes
to principles and how you're setting up a portfolio, how
you go about doing things. I set certain rules and

(01:01:51):
principles on how to go about living my life. And
that's again, that's through experience, it's through it's just being grounded,
grounded in certain morals, certain principles that I will not undermine.

Speaker 4 (01:02:13):
I will not undermine. You are like Tommy Lee Jones.

Speaker 5 (01:02:18):
Remember his character in The Fugitive And after he shot
he shot some you know, bad guy that got away,
and you know guy's ear was hurting, and he's like,
you know, you could have you could have negotiated. It's like,
I don't negotiate. I don't negotiate with principles.

Speaker 4 (01:02:41):
It's don't it's not going to happen. I don't care
if it's gonna hit me in my pocket. I don't care.

Speaker 5 (01:02:51):
I don't care if I'm not gonna appear on Sean
Hannity's program anymore because I was critical of him.

Speaker 4 (01:03:00):
Won't do it.

Speaker 5 (01:03:02):
There's certain Again, I don't go on a lot of
the business programs anymore.

Speaker 4 (01:03:06):
You want to know why?

Speaker 1 (01:03:08):
Why?

Speaker 5 (01:03:09):
Because they're like Chris, you're gonna come on. We love
your input all of this stuff, but we really need
to talk about individual stocks and we want your opinion
on this company.

Speaker 4 (01:03:17):
We want your opinion on that company. I know I
don't do that. I don't do that.

Speaker 5 (01:03:23):
I've made an honest living in this business for decades
and I'm not gonna change now. I've never done it,
never done it. Not going to do it, not gonna happen.
You want to have me on, I don't give it.
Damn doesn't matter to me. I'm not going to undermine
my principles. This is what happens.

Speaker 4 (01:03:48):
This is people. This is applicable to everything in life.

Speaker 5 (01:03:53):
And at some point in time in something we've probably
gotten caught up. Probably to me, might have been back
when you were in college, in high school. You might
have you did something wrong, you made an exception.

Speaker 4 (01:04:06):
You know what. We'll go around this way.

Speaker 5 (01:04:08):
That's a slippery slope, slippery salt. People try to find
ways to justify certain behavior, looking for shortcuts, and you
can't do that.

Speaker 4 (01:04:26):
You can't do that.

Speaker 5 (01:04:26):
I've talked about this, when I even talk about this
with kids, talking about it with my kids, about having
grounded principles and you do not deviate. I don't care
how attract the way or whatever opportunity. Ah, it's gonna
let it pass by. But I'm gonna have to, you know.

Speaker 4 (01:04:41):
Get away from what my belief system is. No, you
don't do that.

Speaker 5 (01:04:46):
I'm always reminded it's this great scene and the uh
the baseball movie, The Natural Robert Redford and he's sitting
in a sitting in a hospital bed, sit in a
hospital bed, and you know, Glenn Clo comes in, which
was his girlfriend that he screwed up, you know, made
made poor decisions, undermined his principles when he was young,

(01:05:11):
through his basically career in the toilet, his relationship in
the toilet based upon a really poor decision. And she
asked him about that, and he said, you know, some
some mistakes you never stop paying for. And that's what
happens when you undermine your principles. But there wasn't saving

(01:05:33):
grace when he talked about that as well, if I
remember correctly, you know, he talked about, you know, people
having two different lives. Klieve, this was popping into my
head at this point in time. It's holy sub reference.
Two different lives, the one that we live and that
we learn from, okay, and the one that we have

(01:05:54):
to live with after that.

Speaker 4 (01:05:58):
Anyway, don't undermine your principles.

Speaker 5 (01:06:03):
That's why I can never run for office, could never
ever ever be a politician anyway. Anyway, let's take a
quick break. Watchdog on Wall Street dot com. Watchdog on
Wall Street dot com will get back. I gotta talk
about the UH Yeah, I gotta talk about Newsmax stockhol
Ish Nikes. Did you see that this past week? Watch
Dog on Wall Street dot com. Don't go anywhere.

Speaker 4 (01:06:25):
We'll be back from mountain o Naptus.

Speaker 1 (01:06:41):
You should believe in math, not magic. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:06:51):
Way back.

Speaker 5 (01:06:52):
It is the Watchdog on Wall Street show. Okay, I
gotta talk about this.

Speaker 2 (01:06:59):
Uh.

Speaker 5 (01:07:00):
I mean, I don't even know what it closed at
on Friday, but I don't know if you saw, how
could you miss it?

Speaker 4 (01:07:08):
It was a lot going on this week. Maybe it
did Newsmax.

Speaker 5 (01:07:12):
Newsmax Stock went public at ten dollars a share. I
think by Wednesday it was at two hundred and sixty five. Yeah,
two hundred and sixty five.

Speaker 4 (01:07:24):
Again that closed. I don't know.

Speaker 5 (01:07:26):
I don't even know where it does, but you know
my Thursday it was down in the forties.

Speaker 4 (01:07:30):
Uh somewhere Listen.

Speaker 5 (01:07:33):
I've appeared on numerous occasions on Newsmax's program programming.

Speaker 4 (01:07:39):
They've been around for a period of time.

Speaker 5 (01:07:40):
They started out as just a magazine and they've grown
the company.

Speaker 4 (01:07:47):
But something's something's not right here.

Speaker 5 (01:07:51):
This company has never made any money and you had
people going gonzo and going nuts over this past week. Again,
I watched it and I saw what was happening on
day one, and I said, people are gonna lose a
lot of money. Here was another game of greater fools.

(01:08:13):
And if you're new to the program, I've talked about
this much too often here on the program. I don't
like having to talk about this. But people keep doing
dumb things with their money. There's a game. It's I
call it demonic musical chairs. I am an Adam Smith capitalist.

(01:08:36):
I'm an Adam Smith capitalist. I believe that two parties
can do business with one another and both can be happy.

Speaker 4 (01:08:43):
That's the goal.

Speaker 5 (01:08:45):
And I'm hoping, you know, when it comes to tariffs,
I'm hoping that's what the people that are answering the
phone calls that the White House are doing right now,
looking to cut deals where both parties can be happy.
That's a good thing. Wall Street operates on. Well, people
are willing to buy it. We could care less. We're
just gonna sell it. And they price companies at ridiculous multiples.

Speaker 4 (01:09:12):
Why because they can. Hey, if I could sell it, there,
what difference does it make?

Speaker 5 (01:09:16):
Who cares? And again, they hight things up to a
ridiculous degree. This was insane. Again, you take a look
at the stock chart for the week. It looks like
the steepest mountain in the entire world. I don't think
I've ever seen anything like it in such a short
period of time. And here's another example. I talked about

(01:09:37):
it on the podcast this past weekend. It's sure enough
people find out you're gonna be.

Speaker 4 (01:09:42):
Able to come on their programs anymore. I could care less.
What do you want me might lie? You have to lie?

Speaker 5 (01:09:49):
You want to be disingenuous? No, you probably just shouldn't
say anything. That's my job. Okay, this is why, slowly
but surely we're winning. Slowly but surely, the mainstream media
is losing. I for the life of me, just I

(01:10:10):
don't understand. I don't understand why you just can't be honest.
Why do you have to push a narrative? Why do
you have to serve an agenda? I again, we've divided
ourselves in this country into tribes. It's not You're not

(01:10:30):
supposed to be this way. I voted for Donald Trump.
I have every right in the world. I voted for him.
To criticize him. Here on this program. If you're gonna
violate my principle, I am gonna do that. That's what
we're supposed to do. Anyway, gotta take another quick break again.

(01:10:56):
I want to remind everybody again take advantage of everything
that we have at our site, Watchdog on Wallstreet dot com.
Our personal CFO program can become a part of our
family Watchdog on Wallstreet dot Com or podcast as well.

Speaker 4 (01:11:11):
We'll be back.

Speaker 1 (01:11:16):
Chris Markowski is the Watchdog on Wall Street bringing America
financial freedom one listener at a time. You're listening to

(01:11:39):
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:11:46):
All right, So.

Speaker 5 (01:11:51):
Corey Booker, Corey Booker decided to dig a hole to
China this week. What do I mean by that? I
watched his stunt, but I didn't watch it. Okay, I
saw what he did. Yeah, I saw it there and
I watched Corey Booker for twenty five hours.

Speaker 4 (01:12:12):
Oh my god.

Speaker 5 (01:12:12):
Could you imagine they got to be a special place
in hell for that? But anyway, what did I talking about?
He's digging a whole China. When I was a kid,
you know, me had those memories when you were a child,
Certain vacations, things take placelf and this one I got
a pretty good memory, but this one's kind of you know,
in and out. We were I think in Wildwood, New Jersey.

(01:12:34):
My brother Matt was was really really young, and I
was my brother Mike and I were on the beach
and my brother Mike got the idea that he was
going to dig a hole to China. It's gonna dig
a hole. And I think my dad it was a
bit of a trickster there. He uh, I think he
encouraged him to do that. And I know I tried

(01:12:56):
to you know, I can't evenmber trying to tell him
like that it's not gonna work out, not going to happen.
But he, you know, he kept at it for a
period of time. He did, and eventually grew bored. He
grew obviously grew bored faster than Corey Booker did. But again,
that was Corey Booker digging a hole to time. Does
that mean he accomplished nothing?

Speaker 4 (01:13:16):
Is it? Well?

Speaker 5 (01:13:17):
The funny thing about what Corey Booker did, quite honestly,
is it kind of epitomizes government work, spending time, wasting money,
accomplishing nothing. He accomplished absolutely nothing. He wasn't trying to
stop a piece of legislation anything like that.

Speaker 4 (01:13:41):
I remember Ted Cruz did it.

Speaker 5 (01:13:43):
I mean years ago, I think was trying to stop
Obamacare something like that.

Speaker 4 (01:13:48):
Nothing.

Speaker 5 (01:13:50):
Corey Booker has decided that, hey, you know what, I
have to make a name for myself. I have to
make a name for myself. So I'm gonna waste waste
people's time. I'm gonna waste people's time. I'm gonna go
up there and I'm gonna pull off this stunt and
They'll talk about me on the View and on MSNBC

(01:14:12):
and they'll built again.

Speaker 4 (01:14:14):
And they did.

Speaker 5 (01:14:15):
They treated him for crying out loud like he was
a conquering hero. I mean, he came on and remember Gladiator,
the first Gladiator when they come back from their campaign
up in Germania and they're taking the chariot.

Speaker 4 (01:14:33):
Into the room and for it he comes out.

Speaker 5 (01:14:35):
That was like Corey Booker this past week, like he
actually did something.

Speaker 4 (01:14:39):
Didn't do anything.

Speaker 5 (01:14:42):
Man, This is his this is his first steps trying
to run for the presidency and make a name for themselves.
These people are such phonies. If you can't see through
just how phony they are, you know it's true, it's
actually you know.

Speaker 4 (01:15:02):
We mentioned this to me this past week.

Speaker 5 (01:15:05):
Now, when you want to tell somebody to shut the
blank up, you just call him a Corey Booker.

Speaker 4 (01:15:10):
There you go.

Speaker 5 (01:15:11):
You got that taken care Elon Musk. I I feel
bad for the guy, I really really do. I again,
I I haven't read the Isaacson Walter Isaacson bio on him,

(01:15:31):
the book on him, and I'm going to have to
do that. But what he's doing is, again you want
to talk about somebody's actually doing something, doing something that
that Again, it's not the slightest bit self serving. He's
actually trying to make this country better. And what's happening
to him? Elon Musk this past week, he came out

(01:15:55):
and he called for the arrest of fake NGO leaders,
claiming they're part of the uniparty engaged in a giant
money laundering scheme. After he said that, and he was right,
all of a sudden, all of a sudden, you start

(01:16:15):
seeing news stories out there. Ah, you know, Muscus, You know, Muscus,
he's on the way out. People within a Trump administration
are not happy with them. He started seeing all of
these stories out there. I saw this and I watched
this transplant and I knew this was going to happen.
I knew this was gonna happen. Listen again, it's a
big club, and you and I ain't it. And quite frankly,

(01:16:36):
Elon's on it. He doesn't want to be in it.
There's again, it's an entire culture and ecosystem that lives
within the Beltway. They got their fancy private schools for
their kids. They don't build anything, they don't create anything,
they don't design anything.

Speaker 4 (01:16:53):
They just live off of our money.

Speaker 5 (01:16:55):
They wet their beak a la down Finucci and there's
a ton of crooked crap and a ton of crime.
I thought about it this past week, you know, it
popped into my head. Forget it, Elon, It's Chinatown. Hey,
I remember Jack Nicholson Chinatown.

Speaker 4 (01:17:15):
It's just all the fraud out.

Speaker 5 (01:17:18):
That scams and the underhanded crowd. I don't forget it, Jake,
it's Chinatown. It's and again I do.

Speaker 4 (01:17:25):
I think.

Speaker 5 (01:17:25):
I don't think Elon's gonna last. I mean, I don't
think he's gonna last much longer. I do think that
he'll probably leave. I think he'll just grow frustrated. I mean,
he's exposing all every single day every single day. Stuff
stuff that would I mean, crooked crap that would get

(01:17:47):
people thrown in chail for crying out loud. You see
the thing about the Institute for Peace. The Institute for Peace,
their accountant, which got paid two point two million a year,
erased over a terabyte of data, basically burning files on

(01:18:08):
the way out the Those folks uncovered it, and guess what.
I found out that we were sending a lot of
money to the Taliban. The Institute of Peace, by the way,
had a position paper out there that it was a
good thing for the Taliban to continue to cultivate heroin.

Speaker 4 (01:18:27):
That's right, to continue to cultivate heroin.

Speaker 5 (01:18:32):
So you know, I got a I wrote my quarterly
tax check this past week, wrote my quarterly tax checked
this past week, and now I know that not only
my tax dollars go to help fund COVID, which killed
my father, my tax dollars were also being used to
help cultivate heroin. Watchdog on Wallstreet dot Com. Watchdog on

(01:18:56):
Wallstreet dot Com again become a part of the Watchdog
on Wall Street family, our personal CFO program podcast, all
sorts of great stuff, watch.

Speaker 4 (01:19:04):
Talk at Wallstreet dot com. We'll be back.

Speaker 1 (01:19:09):
You're listening to the watchdoff on Wall Street. Well, no
one altered investment banker, consumer advocate, analyst, trader Chris Markowski

(01:19:31):
is the watchdog Wall Street? Do you want to answer
exposing the lines and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.

Speaker 2 (01:19:44):
You can't handle the true.

Speaker 1 (01:19:46):
Truth bringing America the truth about what really happens in
the financial world.

Speaker 3 (01:19:51):
Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 1 (01:19:56):
This is the watchdog Wall Streets.

Speaker 2 (01:20:01):
I was.

Speaker 4 (01:20:04):
Embarrassed this past week. I was. I was.

Speaker 5 (01:20:08):
I was embarrassed because of where I came from, my hometown, Gilderlin,
New York, out outside of Albony, New York. I was
absolutely disgusted. I saw this story and I didn't know
who this person was. That's when I looked it up.
This is out of the state of New York. And again,
this is again, this is what Elon Musk has to
deal with. You have a Democratic senator. Democrat state senator

(01:20:34):
introduced legislation that would ban Tesla dealerships in the state
pulling the permits for the five in person sales locations.
Patricia Fahey and I quote, no matter what we do,

(01:20:56):
we've got to take this from Elon Musk. He's part
of an effort to go backwards. Elon Musk is dragging
humanity backwards. Can anything be more ridiculous? He's dragging humanity backwards?

(01:21:17):
You wanna you wanna, you wanna get rid of an
innovative business and there you want to stop them and
their ability to compete in a free market. To all
of you, you blue haired, pink haired wacka do's out there,

(01:21:38):
That's fascism.

Speaker 4 (01:21:41):
That, my friends, is fascism.

Speaker 5 (01:21:47):
It is one of the most Unamerican things I've ever seen.
Not not only that, not only that, her bill goes
after Tesla's direct sales model by restricting registration certificates for
zero emission manufacturers that skip dealerships.

Speaker 4 (01:22:09):
This is evil, do you understand? And I'm like, who
is this Patricia Fahe and I look it up.

Speaker 5 (01:22:17):
Sure enough, she is the state senator for my town
growing up, and also Albany, New York.

Speaker 4 (01:22:24):
So I guess what I won't be going. I'm not
I won't refuse.

Speaker 5 (01:22:31):
I've done this now, I said, you know, I watched
the idiots.

Speaker 4 (01:22:36):
I watched the idiots.

Speaker 5 (01:22:37):
I refuse to go to areas of the country when
you have leadership that is just this moronic, this evil.

Speaker 4 (01:22:44):
I won't go there. No, no, I'm not not not going.

Speaker 5 (01:22:48):
Not going to Saratoga this summer to see the horse races.

Speaker 4 (01:22:51):
Not going to happen anyway.

Speaker 5 (01:22:56):
But again, he also had the Wall Street Journal Wall
Street Journal figuring out twenty four organizations that are funding
all of these Tesla protests and takedowns. And you know
who was involved with this as well. You remember Nina Jenkowitz.
Remember Nina Jenkowin. She was that she reminded me of

(01:23:17):
that remember that late I don't remember the name exactly,
but if you watch the Harry Potter movies, remember she
was like the bad overseer the Ministry of Magic, and
she took over the she took over Hogwarts there. That
was basically she is scary for crying out. I remember
she did that super fragilistic song and everybody's like, what
is she doing? Yeah, she's over in London now organizing

(01:23:42):
protests against Elon Musk and Tesla dealerships using your tax dollars,
my tax dollars to do so.

Speaker 4 (01:23:54):
Anyway. Anyway, Again, like I said, I go after.

Speaker 5 (01:23:58):
Them all here on the program, and yeah, yeah, I'm
going after Trump a lot today. And guess what, I'm
going after him to an even greater degree right now.

Speaker 4 (01:24:07):
Suck it up, Suck it up, buttercup. Two things, two things.

Speaker 5 (01:24:13):
Trump mentioned this well, he announced it and then he
also mentioned it during his speech that he gave announcing
Liberation Day.

Speaker 4 (01:24:23):
He talked about how if.

Speaker 5 (01:24:24):
You buy a car, he's gonna put this in. He say,
you buy a car here in the United States, you
buy an American car, your interest your interest on that,
you know, the loan, the car loan is going to
be a deduction.

Speaker 4 (01:24:39):
And certain people think, oh, that's great. Wow, why didn't
I think of that.

Speaker 5 (01:24:46):
No, it's not, no bueno, it's not good. And again
here's an econ lesson. It might sound good, it might
sound tasty, but yo, it sounds good too. You know,
ice cream for breakfast, lunch, and dinner. Probably not a
good idea, though. It's not a good idea whenever the

(01:25:08):
government gets involved and subsidizes anything. And that's what a tax,
that's a tax deal is. People like, what do you
mean we are right off the interest on our mortgage.
You're right, you can. But you know what that also
did too, that raised the price your house.

Speaker 4 (01:25:28):
What do you mean how'd that happen?

Speaker 5 (01:25:29):
It's simple, people, Okay, the realities most homes, most homes
that financed, there's a function of what people can afford
to pay. And again, this allows people to have well,
ge whiz, I gotta get the mortgage deduction. I gonna
have more money in my pocket. And what does the
home seller do? What does the home builder do? Okay,

(01:25:50):
we're gonna just charge more for that product. Same thing
when they subsidize college education, whatever it may be, it's
a gimmick. It's just gonna raise the price of cars.
It doesn't make any sense. And also he said this

(01:26:12):
as well. He said this as well. And again, this
is like something that Maxine Waters would say. Honestly, this
is like something you know what this reminded me of.
This is when this reminded me of. I'm going back.
I'm going back to Bush Bush's first term when gasoline
prices for the first time out they went over three
dollars a gallon, and they started they paraded all of

(01:26:34):
the oil executives in front of Congress, and oh my god,
they were ticked off. And I remember Maxine Waters had
a Freudian slip talking about socializing the oil companies.

Speaker 4 (01:26:46):
How I remember these things, I don't know. I just do. Well.
Donald Trump said, We're gonna not gonna be happy any.

Speaker 5 (01:26:54):
Of you American automakers who raised the prices on cars
because of these tariffs.

Speaker 4 (01:26:58):
We're not gonna be happy about. Not gonna. White House
is not gonna look look fondly on that again. Did did? Did?
Kamala Harris Win? Who do you think you are?

Speaker 2 (01:27:13):
Uh?

Speaker 5 (01:27:14):
I'm sorry, people, Okay, I don't want the president of
the United States. I don't want my representative, I don't
want my senator. I don't want my town counselmen. I
don't want the dog catcher to tell any business what

(01:27:34):
they what they should charge for their product. This, this is,
this is screwed up people. Well, what you don't think
You don't think that the costs? Okay, because all right Trump,
Trump puts tariffs. Oh, He's gonna benefit American automakers.

Speaker 4 (01:27:54):
Are you sure about that? Are you so sure.

Speaker 5 (01:28:00):
You don't think that American automakers have plants over in
Europe as well and sell over there. You know, things
that come back around to smack them upside the head.
You don't think that their costs are up. Actually, had
somebody you know bring this out there, well, you know
you lead the BMW SUVs because they're made here in

(01:28:24):
the United States. Oh, they're not going to have a
tariff put on them, so their prices won't go up. Really,
you see these companies, they make stuff elsewhere, and what
they're gonna do is they're gonna spread those those tariffs,
which is taxes. They're gonna spread them around across all
of their products. They're not gonna just whack automobiles that

(01:28:47):
BMW makes that they imput that they import into the
United States. They're gonna hit everything. So, yeah, everything is
going to go up. That's what these things do. Anyway,
I told you this was gonna happen. Don't doubt me.
Don't doubt me again. Republicans. Republicans all of a sudden

(01:29:14):
have a fondness for the Green New Deal. How about
that another see I told you so a moment here
for the Watchdog on Wall Street Show. Yeah, yeah, the
Inflation Reduction Act, which is again has nothing to do
with inflation, has to do with the Green New Deal.

(01:29:35):
Yeah yeah, the same Inflation Reduction Act that was supposed
to build all the charging stations and couldn't do that,
and the broadband and I can go on and on
and on all the nonsense that they didn't do.

Speaker 4 (01:29:45):
But all of a sudden, all of a sudden, you.

Speaker 5 (01:29:48):
Know, they're looking to cut the Green New Deal, and
all these Republicans are saying, no, no, those subsidies are
coming to my district, They're coming to my state. We
don't want you to cut that. That money is going
to people. Now I'm not they didn't say this, but

(01:30:08):
they're thinking this. That money is going to people that
we know that are giving us campaign contributions. Again, no morals,
no principles of any sort. And this is why spending,
bad spending, never goes away, because somebody somewhere is always

(01:30:30):
wetting their beak Don Finucci style off of these spending projects.
Why in the world, I mean, we talked about ethanol
before here on the program. There is there is no
logic or reason behind ethanol, none, none.

Speaker 4 (01:30:50):
We shouldn't have it. There's no reason. Feedel Castro wasn't right.

Speaker 5 (01:30:56):
Often but he was right on this one dumbest thing
in the world, putting food into cars, not to mention
the environmental disaster that ethanol is. You know, you know
how much the phosphates that are involved with growing corn
and what that has done to the Mississippi River, and
that goes from the Mississippi River into the Gulf of Mexico,

(01:31:18):
causing all sorts of algae blooms. And we're told that
it's environmentally friendly because it's corn. It's nothing of the sort. Hey,
but a lot of farmers get a lot of subsidies
off this, and.

Speaker 4 (01:31:28):
We got the Hawker Hawker, it's a joke.

Speaker 5 (01:31:35):
And again we get these programs put into place and
they don't go away, another one, another one. I almost
threw up in my mouth when I saw this. We
we've gone after Boeing quite a bit, not here on

(01:31:55):
the radio show, but the podcasts as well. So so
Trump announces he's gonna they're gonna be doing a new
fighter jet. They're calling it the F the.

Speaker 4 (01:32:07):
F forty seven. Boeing gets the contract. What Boeing? Yeah,
this is the same Boeing. This is the same.

Speaker 5 (01:32:24):
Boeing that again we gave them what six billion dollars
right to work with NASA to get the astronauts out
of the space station.

Speaker 4 (01:32:36):
Screw that up. Screw that up.

Speaker 5 (01:32:40):
The first that thrust or malfunction in its first flight.
That'll work again. They were stuck up there in space
until Elon Musk went up and saved them.

Speaker 4 (01:32:52):
Are you taking a look at the.

Speaker 5 (01:32:55):
Failures from Boeing was tasked with building new Air Force ones.
This was done under the first Trump administration. They should
have been delivered already. You know that They're not gonna
be ready until Trump is actually out of office.

Speaker 4 (01:33:14):
It's one failure after another.

Speaker 5 (01:33:16):
They're major wide body delayed, one failure after another.

Speaker 4 (01:33:21):
How in the.

Speaker 5 (01:33:21):
World did they get this contract. They haven't built a
fighter jet in decades. It's a swamp man, It's a
swamp and I've described Boeing is a swamp creatures.

Speaker 4 (01:33:35):
Boeing is too big to fail.

Speaker 5 (01:33:37):
Boeing is a place where politicians and well connected people
within the big club, within the military, within the Pentagon,
where they can go and get no show jobs. Boeing
used to be a great company, used to be an
engineering company. It's become a financial company, is what it's become.

(01:33:58):
One failure after another failure, after another failure, and you
award them with what another fifty sixty billion dollar contract?
And if you actually take a look at this contract,
they they can't take any losses in the development stage.

Speaker 4 (01:34:17):
Can we meet?

Speaker 5 (01:34:17):
Call me crazy? Not not a very good use of
our tax dollars. Gotta take a break. Watch Dog on
Wallstreet dot com. Watchdog on Wallstreet dot com again. Become
a part of our family, the Watchdog on Wallstreet fam, the.

Speaker 4 (01:34:30):
Markowski Investments family.

Speaker 5 (01:34:33):
Get to our website, sign up our personal c FO program,
get it our podcast, all sorts of great great stuff
there at our site watch Dog on Wall Street dot com.
Or give us a call eight hundred for seven to
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Speaker 4 (01:34:52):
That's eight hundred four seven one.

Speaker 1 (01:34:53):
Fifty nine eighty four, taking Wall Streets liars, crooks and
cheets out behind the woodshed. You're listening to the Watchdog

(01:35:17):
on Wall Street.

Speaker 4 (01:35:20):
Welcome back.

Speaker 5 (01:35:20):
About it is the Watchdog on Wall Street Show. I
was presented with the interesting question this past week, you know, why,
why do you think it is? I think it is
that all of these left wingers out there, why is
it that they always have to resort to violence and

(01:35:42):
destruction and vandalism. Why how why is that? Why do
they always Why does it always have to happen? Why
does left wingers always involved in this? And I thought
about it, and it's kind of reminds me back in,
you know, back years ago, years ago, I used to

(01:36:02):
do daily I used to do drive time radio outside
of Watchdog on Wall Street Hose obviously before podcasts and
all that stuff. I was a drive time host as well,
did a morning program, did an afternoon program and call
in show, and people would call in, and you know,

(01:36:22):
I have no problem with people disagreeing with me or
my points. I actually I love to debate. I loved
quite frankly, if I am proven wrong on something, I
take that as a win, because the the the ultimate
goal is to you know, to acquire more knowledge, correct,

(01:36:44):
to learn something. But you know, I oftentimes you get
these people calling in and they would disagree and they
would just resort to name calling. They they didn't have
any any real eye ideas or anything like that. And
I learned, I learned that again, you cannot argue, I

(01:37:08):
call me, do not argue with idiots.

Speaker 4 (01:37:10):
They've got way.

Speaker 5 (01:37:12):
Too much experience at being an idiot, and the conversation
will never rise above idiocy.

Speaker 4 (01:37:19):
So you don't do it. You just walk away.

Speaker 5 (01:37:23):
And there's various different signs when a conversation is headed
in that direction.

Speaker 4 (01:37:27):
As far as violence is, it's a similar type of thing.

Speaker 5 (01:37:31):
Socialists, communists, you understand why all of their revolutions are
violent in nature, the way they act, the destructive behavior.
You're watching people see how unhinged people are going up
and destroying someone.

Speaker 4 (01:37:45):
Else's car, keying cars.

Speaker 5 (01:37:49):
These are people that have real issues, mental problems, destroying
other people's automobiles because you don't like the founder of
the company that they bought the car from. The reason
why they do this is because they've got nothing. Okay,

(01:38:10):
what do I mean that they have got nothing? They
don't have any argument. They're weak. Their arguments are weak,
and therefore everything that they do and the results are
weak are poor. And this is why they act out
in a violent manner. Anyway, this again, this is frightening.

(01:38:36):
It really is what's taking place in Europe, it really is.
And again I got to give a shout out to JD.
Vance and I agree with at the time many people.
Again they got the vapors all upset people clutching their pearls.
I can't believe what jd Vance said to the Europeans
when he was there and talked to them about freedom

(01:38:57):
of speech.

Speaker 4 (01:38:58):
That's terrible. It's our allies. How could you do? That's
a thing? He was right, he was right.

Speaker 5 (01:39:06):
But what's going on in certain European countries right now?
No winno, no winno. You you put you put marine
mcpenn You gotta you know, you can put her in jail,
dode you understand. You take a look at what they
went after her for. This is lawfair, kids, Okay, this

(01:39:27):
is lawfair, and it's no good and it's happening all
over the continent. Now again, Okay, if you've been listening
to this program for some time, lawfair didn't work out
too well for the Democrats here in this country, but
right now in Europe it's working out pretty well.

Speaker 4 (01:39:45):
We're gonna talk a little bit more about this. This
is important.

Speaker 5 (01:39:48):
When we get back. Watchdog on Wallstreet dot com. Watchdog
on Wall Street dot com, give us call eight hundred
four to seven to one fifty nine eighty four.

Speaker 4 (01:39:55):
We'll be back.

Speaker 1 (01:39:57):
Chris Markowski is the Watchdog almost streets. This is the

(01:40:17):
watchdog on Wall Street.

Speaker 4 (01:40:30):
Back everybody. Yeah, we're talking law fair.

Speaker 5 (01:40:34):
So again, this is made some news here in the
United States. But that's the problem with mainstream media here
in this country. There's important things that happen all over
the globe that they just ignore, they choose not to cover.

Speaker 4 (01:40:51):
And this is important. Okay.

Speaker 5 (01:40:54):
The Paris court past Monday, sentenced miss Lapenn, who is
the leader of the National Riley Is, to a four
year prison sentence, two years suspended and the recipes served
under house arrest with electronic monitoring also blocked.

Speaker 4 (01:41:11):
This is key blocked.

Speaker 5 (01:41:12):
Her from running for the presidency in twenty twenty seven,
and again she was leading in the polls. They said
that she allegedly diverted the money for party purposes, which
is money from the European Parliament that they gave her
to higher assistance, said she diverted money for that rather

(01:41:35):
than parliamentary uses, even though there's often an overlap between
the two things. She's denied wrongdoing, and this this is again,
this is a nothing burger. This is modern political law fare.
Many other members of the European Parliament have basically got

(01:41:57):
all again at Europe got lots of rules, regulations, very
and gotten themselves in trouble with this and upped up.

Speaker 4 (01:42:03):
Whoops, we screwed up. There, pay a fine, walk away. No,
they're banning her from running and she's winning. She's winning,
So let's go here. Okay.

Speaker 5 (01:42:15):
I actually asked this question this past week because we,
you know, going after Russia. Okay, who's worse the European
Union or Russia?

Speaker 4 (01:42:24):
How could you say that Russias?

Speaker 5 (01:42:26):
Yeah, well listen, okay, yeah, do I think Russia's worst.
But let's let's just look at what's happened here. You
got Marien Lepenn lawfair sentence, barred from running in the election.

Speaker 4 (01:42:37):
Romania.

Speaker 5 (01:42:38):
Oh, they just canceled the election. The winning candidate was
arrested and imprisoned. They're doing the same thing in Germany
against the AfD party. In Slovakia, they're anti war Prime
Minister Robert Fico, assassination attempt on him.

Speaker 4 (01:42:58):
You got continued attack. I'm victor orbon.

Speaker 5 (01:43:02):
In Hungary, you got Germany right now saying no, we
don't want hung we don't like Hungry. We're not gonna
let them vote in European We're not gonna let them
block what we want to do. And then in Estonia
where if you are from Russian descent, they don't want
you to vote in the next election. That seems right.
A warfair can work, and it might not work. Again,

(01:43:29):
what happened, and this is an honest covering it again,
we called it. We called it here on the program.
And again it's one of those things we can go
to videotape.

Speaker 4 (01:43:37):
I was.

Speaker 5 (01:43:39):
I was a guest on Fox Business. There was on
Maria Bartiromo's show when the Alvin Bragg stuff started coming down.
Now take you back to that snapshot in time. Trump
was a bit of an afterthought in running in twenty
twenty four.

Speaker 4 (01:43:55):
He was.

Speaker 5 (01:43:56):
Nobody was really talking about him at that point in time.

Speaker 4 (01:44:00):
It was more, you know.

Speaker 5 (01:44:01):
DeSantis and Pence and others. And I'm watching these various
different things and how they started going after Tramorrow, Lago Raid,
all of these things are going after him, and all
of a sudden it got the people going. And I
called it out on that program and I said, this

(01:44:22):
is by design.

Speaker 4 (01:44:25):
This is by design.

Speaker 5 (01:44:27):
The people handling Joe Biden, the people handling Joe Biden.

Speaker 4 (01:44:33):
Wanted to run. They figured their calculation was and I'm
not kidding.

Speaker 5 (01:44:37):
Their calculation was is that the only way Biden was
going to win is if he ran against Trump. So
again they started going after Trump, brought him in the news. God,
people all riled up and this is not fair and
this is not right. And they brought him back to life.

(01:44:59):
They he did, They the Democrats and law fair brought
Trump back, brought him back, and uh didn't work out
for them because he ended up winning. It's a reality, kiddos,
it's a reality. This other story as well, And again
you had a lot of the pearl cut clutchers out

(01:45:20):
there freaking out over this. Trump says he's not joking
about running for a third presidential term. Come on, people,
come on, at some point in time, you got again
even following this guy for how long? Again, he's just
needling people on the left. Okay, the best, uh, the

(01:45:43):
best thing I heard in response to this, and actually
it was right they everybody, you know, it was I
forget who said it, but it was. It was brilliant.
Quite frankly, they said, we should hope Trump wants to
run for a third term. Well what do you mean, Well,
he said, if you want to run for this on
constitutional well, if Trump Trump is able to run for

(01:46:04):
a third term, you're gonna have to overturn the constitution.

Speaker 4 (01:46:08):
Do you know understand how difficult that is?

Speaker 5 (01:46:12):
Do you understand how difficult that is to change the constitution?

Speaker 1 (01:46:18):
What?

Speaker 4 (01:46:18):
What?

Speaker 5 (01:46:18):
How the involvement is he would have The country would
have to be doing so well. I mean, Trump would
need to have almost a seventy five percent approval rating
for that to happen, for that to actually happen, And again,
that's that's something we should all want. Right he's got
a seventy five percent approval rating, then, man, things are
going swimmingly here in this country.

Speaker 4 (01:46:41):
Anyway.

Speaker 5 (01:46:41):
Gotta take a quick break. Don't go anywhere. You're listening
to the Watchdog on Wall Street show again.

Speaker 4 (01:46:47):
Become a part of our family.

Speaker 5 (01:46:48):
Get to our site, Watchdog on Wallstreet dot com, Personal
cf OH program, all sorts of great stuff, Watchdog on
Wallstreet dot Com.

Speaker 4 (01:46:56):
We'll be back.

Speaker 1 (01:47:00):
Yeah, the only man who is taking on the Walls
Street establishment. You're listening to the Watchdog and Wall Street

(01:47:20):
with Chris Markowski.

Speaker 5 (01:47:23):
All right, we're gonna we're gonna change direction here a
little bit. I have to talk about this March sadness. No,
I'm not talking about the weather. I'm stating here. I'm
talking about you. March madness has turned into March sadness
for me. I don't know what the ratings are. Again,

(01:47:45):
there's there's really not much else on TV. But I
watched a single game. I watched single game, and I
know I'm not the only one. I have no interest.
Quite frankly anymore, I really don't. It's a far when
I'm watching a lie. When I'm watching I have no

(01:48:06):
interest in watching a lie. I have no interest in
watching a farce. I have no interest of watching. And
you know, the the announcers for these games, they know
it too. They know it too. Again, it's their job.
They're doing their job. Their job is to talk about
how wonderful this great event does, great sporting event.

Speaker 4 (01:48:28):
It used to be used to be. It's not anymore.

Speaker 5 (01:48:34):
What they've done to college sports, and just do me
a favor. Stop lying. Stop calling it college sports. It's professional, Okay.
Stop calling them student athletes. That is the biggest croc going.

Speaker 4 (01:48:50):
Okay.

Speaker 5 (01:48:51):
I have I have three kids that are student athletes. Yeah,
they're playing in a non revenue sport. Okay, but they
have to go to class. They have to go to class,
and they're not getting paid.

Speaker 4 (01:49:10):
I had this sent to me. The starting lineup for Auburn.

Speaker 5 (01:49:15):
Twenty four years old, twenty two years old, twenty five
years old, twenty two years old, and twenty three years old.
Could be me, Call me crazy, but are you supposed
to graduate from Collins when you're twenty one twenty five
years old? This is a farce and we all know

(01:49:38):
it's a far again. It's it's unfortunate. I don't know
if it was gambling that made this happen. And listen,
I don't have any problem. I don't have any problem.
You want to compensate kids for the money to there.

Speaker 4 (01:49:52):
I get that. I understand the revenue that's there.

Speaker 5 (01:49:55):
But these are these are pros that are not going
to class. Don't that their college athlete? Give me a break? Okay,
that can leave at any point in time.

Speaker 4 (01:50:08):
I mean they have more power.

Speaker 5 (01:50:10):
You've got more power as a college athlete than you
do if you were in the NBA. These guys have
the type of power that like Lebron has on the Lakers. Coach,
I'm not gonna play for you anymore unless you bring
my buddy over here and give him a scholarship and
pay him to It's nonsense quite frankly, people, it really

(01:50:31):
is again again I have to go off on a
rant about it. Have to makes me sick to my
stomach because I used.

Speaker 4 (01:50:38):
To love the tournament. I really did. Anyway, gotta take
it on the break. Watch Dog on Wallstreet dot com.

Speaker 5 (01:50:44):
Watch Dog on Wallstreet dot Com.

Speaker 4 (01:50:47):
We'll be back.

Speaker 1 (01:50:53):
Reason you're listening to the Watchdog on Wall Street you

(01:51:16):
should believe in math, not magic. You're listening to the
Watchdog on Wall Street with Chris Markowski.

Speaker 5 (01:51:32):
Has been But it's kindly at that time of year,
isn't it. Yeah again, it's it's again. I've all, it's
already been here for a while. Here in the state
of Florida. You know, it's yacht rock season here you
get yacht rocked back ace. How was a great tune? Anyway,
Welcome back, everybody. It's the watch Dog on Wall Street again.
We here at the show Markowski Investments. I don't remind

(01:51:55):
everybody again it's it's gotta be sucky.

Speaker 4 (01:52:01):
For a period of time.

Speaker 5 (01:52:03):
Okay, But again, we've talked about having a process. We
talked about having it what we call an anti fragile portfolio,
where you come out of every calamity and panic better
stronger than you were before. We're here to help you.

(01:52:24):
We're here to help you in any way we can.
And again I try to make this perfectly clear every
single week, but again sometimes it goes one year and
out the other.

Speaker 4 (01:52:35):
There's no there's no velvet rope.

Speaker 5 (01:52:38):
There's no velvet rope at Markowski Investment, no bouncer at
Markowski Investments. Sir, you don't have five million dollars, you
can't talk to the Markowski's. No, we help everyone out. Okay, now,
there's no bad questions here. I I know, I you know,
yell and scream sometimes here on the program. You know,

(01:53:00):
we we tender, loving care Jesi with Keig gloves. That's
what we do at Markowski Investments. We're here to answer
your questions. Sign up for our personal CFO program as well.
Be doing a lot, gonna be doing a lot on
tariffs and what's taking place right now on the podcast.
Uh so make sure you subscribe to that as well.

(01:53:23):
And you know, do me a solid when you after
you subscribe, you know, give a little review there. It's
good for the algorithms helps us to get the word
out anyway. Again watchdog on Wallstreet dot com or give
us a call eight hundred and four to seven eighty four.
This was again, this was sad. But again this was

(01:53:44):
not just Biden. This was Trump too. The Small Business
SBA SBN. I may let me try, ever, try to
get a loan through the SBA back in the day.
It was pretty difficult. I mean, had a lot of
paperwork that was in and then COVID hit and then
it's like again, it became an FM station three o'clock

(01:54:05):
aftern give us call. We're giving away cash, give it
away cast, give way cast for everybody. They did not
implement any fraud detection measures until after it had already
distributed billions in what they said.

Speaker 4 (01:54:25):
COVID relief. After that, oh then they started looking in
to fraud.

Speaker 5 (01:54:31):
So again to you know, everybody out there, this past week,
many of you out there paid your quarterly taxes this
past week. You can say again you know you work
hard every single day and you pay your taxes, You
do the right thing, only to see them squandered. There's
no excuse for this. Did you know of anybody that

(01:54:54):
lost their job at the SBA. This for the life
of me, I don't understand. You're in a position there
and it's not your money, it's a taxpayer money. Shouldn't
you look to be a good steward of that money?
You see again, I'm a fiduciary. I have to always

(01:55:16):
everything I do, my client's interests always come before mine.

Speaker 4 (01:55:22):
But last week we talked about that on the program.

Speaker 5 (01:55:25):
Even with your own wealth, what you build in yourself,
you're there to be a good steward. You're in a
position where you're controlling billions and billions of dollars that
are not yours, and you mail it in, you don't
give a damn and you allow this to go out
the door. I quite think I can't get my arms
around that. This was pretty interesting. John Stewart got red

(01:55:48):
pilled this past week. Rapidly he's interviewing for from The
New York Times Ezra Kline, and Ezra Kline is breaking
down for him the billion, the forty two billion dollars
that was used to expand broadband here in the United States.

(01:56:08):
Didn't look up a single person and went through all
of the hoops and all of the regulations and all
of the bureaucratic red tape that one would have to
go through.

Speaker 4 (01:56:19):
To do this.

Speaker 5 (01:56:21):
And you watch Stuart, He's like he couldn't believe what
he was listening to. And yeah, yeah, you think about that.
You want to think about forty two billion dollars. You
do how many people they could provide starlink with with
forty two billion dollars?

Speaker 4 (01:56:39):
But it worked that way.

Speaker 5 (01:56:41):
Again, you need to have all of these government people,
these people that do anything, all these people that because
they're wedding their beak and they they're making a money
doing nothing, doing nothing, accomplishing nothing. Kind of like Corey
Booker this past week with your tax dollars. Again, it
makes me sick to my stomach. This was a bit

(01:57:04):
of a Freudian slip this past week.

Speaker 4 (01:57:07):
Robert F. Kennedy. Robert F.

Speaker 5 (01:57:09):
Kennedy basically wants to remove all the artificial dyes from
the food supply, and the various different food companies out there,
they're saying, it's not it's okay, it's not going to
hurt us, not going to hurt us, because we already
make products without the artificial dyes that we sell in Europe.

Speaker 4 (01:57:32):
And I'm saying to myself.

Speaker 5 (01:57:34):
Do you want to poison people here in the United States?
But anyway, anyway, they They go on to say that
the real threat to their business is that Americans will
start eating healthier, and that's Americans overall perceptions of food.
I got an idea, kids, why don't you make healthier food?

(01:57:57):
I was throwing it out there. Stop making processed god
awful chunk.

Speaker 4 (01:58:05):
Here's one for you.

Speaker 5 (01:58:07):
And again, you know, I can you know, you know
the old Polish joke. And I can say this because
I'm Polish. And how many how many Polish or polars
to take to you know, screw in a light bulb?
But I got one for you. How many IRS agents
does it take to hand out computers and cell phones?

Speaker 4 (01:58:23):
Fourteen hundred.

Speaker 5 (01:58:25):
The IRS employs fourteen hundred people to hand out laptops.

Speaker 4 (01:58:28):
And cell phones. Anyway, God bless God, bless God, bless everyone.
Watchdog on Wall Street dot com. Watchdog on Wall Street
dot com. We'll see you next week.

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Watchdog on Wall Street: Podcast for Weekend of April 5 - April 6 2025

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Watchdog on Wall Street: Podcast for Weekend of April 5 - April 6 2025