Watchdog on Wall Street: Podcast for Weekend of April 12 - April 13 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 Wall Street. Do you want
answer exposing the lies and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.

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

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

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

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

Speaker 4 (00:41):
Streets as full disclosure here just let you know, let
you know, lot of jagged little pills to quote milanismore
set that everyone's going to have to swallow today. Again,
we don't pull punches here at the Watchdog on Wall Street.
Sho' never have, never will. I'm not aligned with any

(01:04):
political party. I'm aligned with the truth and the never
ending search and quest for the truth. I don't align
with any political party. And you know that I'm a
I'm a libertarian conservative fellow with any doubt. I carry
around my Constitution all the time.

Speaker 5 (01:24):
And many of.

Speaker 4 (01:25):
The things that you're going to hear today, you listen
throughout the entire program might make many of you feel uncomfortable,
but you need to hear you need to hear them.

Speaker 5 (01:33):
Anyway, What a week?

Speaker 4 (01:36):
What a week. I'm gonna first, we're gonna start off today.
We're going to talk a little bit about see your money,
your portfolio, what you need to do. I was thinking
about it this past week. I was preparing for my podcast,
and I was reminded when I was a kid, it's

(01:57):
a kid. We used to go in the family vacations
just to all pile into the van, you know, the
six of us in our family, sometimes the eight, because
I had my house and then my grandmother and my
aunt lived right next door. We had very much a
old school Italian upbringing, and we'd load up the van
upstate New York. My dad actually built this platform for

(02:21):
the back of the man so we could put luggage underneath,
and we put sleeping bags on top. These back in
the days where they weren't psychotic about wearing seatbelts every
two seconds. But anyway, neither here nor there. We drive
from Albany, New York, all the way down to Newport Richie, Florida,
where my grandparents would live, and we'd stop along the
way and my brothers and I. We loved when we

(02:44):
stopped off in places like Myrtle Beach, the Atlantic Ocean.

Speaker 5 (02:49):
Why we love waves, Love the waves.

Speaker 4 (02:52):
Say you come down to Grandma and Grandpa's house, you know,
Gulf of Mexico, it's kind of like a lake unless
there's a hurricane out there, which is fine. It's fine
with the kids. You want to go ride in the waves.
And I remember when I was young, the getting the
sensation something's wrong here, and I'm getting pulled out to
see riptide riptide and you know, thank god, thank god,

(03:17):
it wasn't a real strong riptide, and I figured it out.
But every year, every year you hear stories and they
put warnings, they post warnings, you know, beware riptide. And
the reason why people drown is they try to fight it.
They try to swim against it, which is a complete
exercise and futility. You're going to drown. The only thing

(03:40):
that you can do is get out of the way.
So rather than try to swim against it, you swim
across it. You swim across it until you can get
out of it. And in essence, that's that's my description
of what people need to be doing right now at

(04:02):
this point in time, not trying to guess what's going
to happen next, the next announcement, not time trying to
trade this market. You get out of it, and you
keep doing what you have been doing, and hopefully what
you've been doing is what we've been telling you to do,
dollar cost averaging, owning high quality companies, not paying attention

(04:27):
to all of the static, all of the noise, buying
into the next so called pseudo expert on TV that's
telling you what to do because they've got some sort
of magical crystal ball or some sort of trading formula
that is going to save the day.

Speaker 5 (04:43):
Because they don't. They don't.

Speaker 4 (04:48):
And you know, quite frankly, we've been telling you this
now for twenty five years on air, over thirty years
at Markowski Investments, and we've been right every damn time.
Why don't we even get through this? How are we
going to get through this? I can't tell you. I
really don't know. I was thinking about this as well, again,

(05:12):
how my mind works. I went back to ninth grade,
I think it was ninth grade English class. Missus Vale
was my teacher, and we were doing we were doing poetry,
doing poets. I had a big fan of poetry. But
there was something that I did like. I like some
of that Robert Frost stuff from back in the day.

(05:33):
And there was a poem that we had to read
or some servants. I can't remember exactly the name of it,
but this line from that poem, the best way out
is through. I mean, when you're stuck, when we're stuck
in a mire, in any type of a situation, any

(05:58):
type of situation, the best way out is through. We
could sit, we can complain, we can commiserate with others
about what is going on. You just have to fight
your way through Throughout the program today, we're gonna get

(06:20):
into you know, the damage, the damage that was done,
because there's a lot of damage that was done, a
lot of damage that was done. But I'm also again,
you know, we're gonna get through this. We're going to
get through this. It's not a matter of if. It's
a matter of when you have to decide exactly how

(06:43):
you're going to go about handling it.

Speaker 5 (06:45):
You know.

Speaker 4 (06:45):
The frustrating thing for guys like myself and again again
this is you know, we live in reality here. Uh
we believe that there are distinct differences between men and women.
Now men, this is just our nature, you know, the
whole Men are from Mars. Women are for venus thing.
We like to solve problems. That's our nature. I can't

(07:12):
we don't like being able, not to be able to
fix something.

Speaker 5 (07:17):
You know. Sometimes you gotta understand this. You're married.

Speaker 4 (07:20):
You know, my wife is upset about something, whatever it
may be, and I'm anxious to come and solve the day.
I ought to be mighty mouse here we come to
save the day. And sometimes your wife just wants you
to kind of, you know, commiserate with her, feel her pain.
You know, that's you know, it's you know how women
are at their long text change and all that stuff.
It is what it is.

Speaker 5 (07:40):
We're different.

Speaker 4 (07:42):
This was again, this was difficult because we felt powerless.
We felt powerless to what was taking place in the
markets and what was going on in the sense that again,
this was one person's decision, one person's decision that you know,

(08:05):
completely recavoc all over the globe. The reality of what's
going on. Okay, one of the things that we've talked
about here on the program, because there's a lot of
investors that are listening to this program that might need
to access their portfolios in the near term. There's something

(08:31):
that we've discussed here on the program, and we go
over with our clients the need to conduct what we
like to call a portfolio fire drill. And I don't
care how happy, happy, joy joy. If things are going
swimmingly in the markets, if you need to have access
to funds within a year, year and a half two

(08:51):
year period of time, you know you're gonna need that money.
That money better be in cash and cash equivalents. I
described this before in the past of people on there,
when I put money away from my kids' college education
when they were born and continued to do so once
it came time to when you know it was going

(09:13):
to be a year, year and a half, year, year
and a half, do I start to start paying tuition bills? Well,
you know what, that money was no longer in stocks.
It was in cash and cash equivalents. Because crazy things
can happen. I want to let everybody know we are,

(09:33):
by no means whatsoever, out of the woods. Yet no
means what so ever. At the beginning of this year,
we told you, we told you to expect volatility in
twenty twenty five.

Speaker 5 (09:52):
Did I expect this Nope.

Speaker 4 (09:55):
This craziness most certainly wasn't on my bingo. But were
we prepared, Yes, we were, and you need to be
as well. For again, people with their retirement accounts, for
one case, any money that they're saving that have a
long term outlook. Again, this is a tremendous, tremendous opportunity

(10:23):
to take advantage. And again, people are, people are, but
there's again that's gonna be a bit of an effect
when it comes to the overall economy as well. You
know how many people contacted us this past week and

(10:44):
we're thinking about you know, I was thinking about getting
a new car, but you know what, I'm gonna take money.
I'm gonna I'm gonna buy some more stocks when they're down.
I was thinking about, you know, remodeling my kitchen, but
you know what, things are down right now, and I'm
gonna do this instead. I'm gonna put more money into
the market, which is smart, smart move. But let me

(11:06):
ask you a question, what is that going to do
for the economy. It's gonna slow it. It's gonna slow it.
There's without a doubt there. We have definitely up the
ante and increased our chances for a recession, and again
we're going to discuss this a little bit later on

(11:29):
in the program. And again some of the things that
again unfortunately the cable news networks have not a clue about,
and I'm going to be going off on them as well,
because again the coverage this past week was was awful,
was absolutely awful. A bunch of know nothings reading off
teleprompters on various different networks with no knowledge about how

(11:51):
the world works, using various different buzz phrases. Main Street
versus Wall Street? Are you out of your mind? There's
no such thing. Main Street is Wall Street. Wall Street
is main Street for crying out loud. But anyway, but
we'll get into that a little bit later. The best

(12:12):
way out is through. That's what we do here at
Markowski Investments. Again, a lot of reality.

Speaker 5 (12:19):
Listen.

Speaker 4 (12:21):
What we've been providing people again from all walks of
life for twenty five years plus here on this program
is access to us. Okay, you want the best market
crash helmet. Okay, get to our website and sign up
for our personal c FO program. This is again you're

(12:44):
going to learn to be able to navigate the financial storms, corrections, volatility,
no matter where they come from, how to avoid serious risk,
including those like this past week, stuff.

Speaker 5 (12:56):
That's never been countered before. That's what we're here for.

Speaker 4 (13:00):
Get to our website, Watchdog on Wallstreet dot com. It's
Watchdog on Wallstreet dot com. We have a twenty four
hour day help hotline eight hundred four seven one fifty
nine eighty four.

Speaker 5 (13:12):
We'll be back.

Speaker 4 (13:14):
I'm here, but I'm ready.

Speaker 1 (13:16):
God bringing America financial freedom one listener at a time.
You're listening to The Watchdog on Wall Street with Chris Borkowski.

Speaker 4 (13:39):
Little George Michael always been a big fan. Anyway, Welcome back, everybody.
It is the Watchdog on Wall Street Show.

Speaker 5 (13:49):
Again.

Speaker 4 (13:49):
I I definitely have brought this up at some point
in time. One of the thousands of thousands of shows
that we've done. This is this is put together by
the Visual Capitalist and it's ten year period January two
thousand and three to December of twenty twenty two. Now again,
you take a look at all of the events that

(14:09):
transpired over that period of time. You know, you got
the Great Recession, you got the European financial crisis, a
myriad of different blowups in the market. If you put
ten thousand dollars into the S and P five hundred
back in January two thousand and three. And you waited
that ten year period of time and did nothing, did nothing.

(14:31):
It would have been worth sixty five thousand dollars if
you tried to outsmart the market. I am smart. It's
kind of like saying I am a great swimmer. I
can swim against the riptide. You missed the best ten days.
By doing that, you ended up with twenty nine thousand dollars.

(14:52):
You missed the best twenty days, you ended up with seventeen.
You missed the best thirty, you ended up with eleven,
and go right on down the list. And unfortunately, that's
what most investors do.

Speaker 5 (15:06):
They make that mistake.

Speaker 4 (15:09):
The column that I wrote back in nineteen ninety nine
entitled My Crystal Ball and My Crystal Ball, I basically
describe all of the events, all of the events that
transpired throughout the nineteen eighties. I think about all of
the things that happened during the nineteen.

Speaker 5 (15:31):
Eighties, bad things, not good things.

Speaker 4 (15:33):
I mean, we harken back to the nineteen eighties, taking
top gun back to the future, all sorts of good stuff.
But there was a lot of calamities that took place,
and you take a look at the market performance at
almost eighteen.

Speaker 5 (15:47):
Percent a year.

Speaker 4 (15:50):
We have a process, a process, and one of the
things about our process is we don't deviate. We don't
change simple rules of the road that work. Number One, compounding.

(16:12):
Compounding is the royal road to riches. To this day,
most people fail to understand that the bulk of stock
market returns throughout history not due to capital gains. But
if you took dividends and reinvested them, it works for you.
It can work for you. It can also work against
you with high credit card debt. Number two, don't lose money.

(16:40):
If you had a collective freak out. If you freaked
out and like, trust me, people, I'm not stupid. Okay,
it was pretty scary what was taking place. I'm going
to get into actually how scary it was, and you
act in an emotional in an emotional way, you.

Speaker 5 (17:00):
Sell, you lost, you lost.

Speaker 4 (17:05):
If you dollar cost averaged, understanding that, you know what,
one of the things that you always need to do
is not bet against America. You did fine, which means
what which is our rule? Number Three, You are investing
like you are already wealthy, act like it. Act as

(17:31):
if you are already wealthy and you will become wealthy,
which means, don't do foolish things, don't take shortcuts in life.
Do you understand that the bulk, the bulk of Warren
Buffett's wealth he acquired after the age of sixty five. Hey,

(17:58):
that's the magic of compounding. But it's also the understanding
that you need to be patient. We'll get into that
in a bit. And of course you want to look
to buy things that are on sale. I'm a big
fan of simplicity. Laws, rules, regulations need to be straightforward,

(18:23):
black and white. And there's four simple rules, but two
other ones that I added because I originally wrote our
Rules of the Road. It was like back in what
something like two thousand and four and a column that
I put out, it's not important people to be right
in the here and now, but right eventually. In other words,

(18:50):
what conventional wisdom says is the greatest idea of the
greatest investment, what you need to be doing today is
more often than not, probably not such a great idea.
The stock market is not efficient over the short term.

(19:10):
Many of the calls that we have made, many of
the calls and people say, I can't believe how did
you know this? How did you know that? How did
you write about this? You called this on your program? Yeah,
people forget I was right. I was right. But you
know what, some of these things actually took time, and

(19:32):
the ideas that I was putting forward were quite contrarian
at the time, but they were proven right. Meaning what
Meaning that One of the most important attributes one needs
to have to be successful is patience. You need to
be patient. And another trait again is courage. Courage because

(19:56):
guess what, things are not going to always go your way.

Speaker 5 (20:02):
They're not.

Speaker 4 (20:04):
You have to stand in the face of the chattering classes, depundits.
It doesn't make it out of a financial crisis two
thousand and eight, two thousand and nine, market goes off
the rails.

Speaker 5 (20:15):
What did you do?

Speaker 4 (20:16):
Did you act out of fear or did you make
wise choices? Courage involves thorough consideration of facts, not lies.
Keep emotion out of the decision making process. Watchdog on
Wallstreet dot com. Watchdog on wallstreet dot com, We'll.

Speaker 1 (20:36):
Be back taking Wall streets liars, crooks and cheets out
behind the woodshed. You're listening to the Watchdog on Wall
Streets this is the Watchdog on Wall Street.

Speaker 5 (21:05):
It's this, Yeah, guys, that's right.

Speaker 4 (21:11):
Standing in the face of the chattering classes. Something we're
familiar with here on the program, going back to pre
Watchdog on Wall Street Show nineteen nineties, when everybody was
calling me an idiot for calling out Enron and the
dot coms and Dynagy and Tycho and all the other
crap and messages that were taking place at that point

(21:33):
in time. I get it because I'm well aware, Okay,
I'm well aware that human beings are not hardwired to
be good investors. People by high, they sell low because
emotion takes over your portfolio, your portfolio, and again, I

(21:57):
know much of the market today. You take a look
at the type of volatility that has taken place. These
are computers. It's computerized trading. It's levered up to them.
To them, it's a video game. They're not investing. Okay,
they're not investing. And if you actually think, if you

(22:19):
actually think you can play in their world, you're sorely mistaken.
You're sorely mistaken. I was thinking about it this past week.
Mentioned the nineteen eighties before there was a great movie
from the nineteen eighties you youngsters out there, you haven't
seen it. I recommend it. Matthew Broderick. It was war

(22:42):
games and basically it was, you know, kind of almost
ahead of its time. It was almost kind of like
AI AI. Some AI computer called the Whopper gets turned
on and starts playing a game called Global Thermonuclear War,
and it's this AI computer is a part of the

(23:04):
Defense Department and actually thinks that you know what it's
going to. It's gonna game and it's gonna launch nuclear
weapons against the Soviet Union once again.

Speaker 5 (23:13):
It's the nineteen eighties.

Speaker 4 (23:16):
And it starts playing all of these games over and
over and over at rapid speed, all again and again
and again and again again. It's kind of like the
highlight of the movie, you know again unfortunate and giving
it away here at this point in time. But the end,
the computer recognizes that the only way to win is
not to play. You are not gonna win the training game,

(23:41):
my friends. You're not investing is different. Investing is different.
You no longer have it's no longer a video game.
It's no longer electronic blips on a screen. It's not
the way to go. Understand that you are investing in
a company who have under are lying ownership in a business,

(24:04):
and you need to evaluate that business based upon the
money that it makes, what industry, what the expectations are
for the future. And yes, yes, you have to manage risk.
We always talk about the fact that you cannot let
risk lead to ruin. Listen, people, Okay, we're here to help.

(24:33):
We're here to help. There's a right way and a
wrong way of doing things. And our again, our phone,
Lind's been blowing up, website blowing up, and I want
to remind you we're here to help everyone, here to
help everyone. And again this is kind of what separates

(24:54):
us from everybody else. You know, my clients and our
perspective comes from small business owners, startup companies to people.

Speaker 5 (25:05):
That are well on their way.

Speaker 4 (25:10):
And one of the beautiful things about this is our
ability to see the terrain, the forest for the trees,
and how interconnected everyone actually is. And again everyone making
you know, worried and making well not everyone, but a
lot of people making that you know, concerned about what's
going on, and rightfully so. But when you have no

(25:34):
control over the situation, again, this is where you have
to step aside and stick to what has always worked,
again and again and again. I pull this up. This
is This was a newspaper op ed that Warren Buffett
wrote back in October sixteenth of two thousand and eight.

(25:55):
And he's talking about the financial world being a mess
United States and abroad. Its problems have been leaking into
the general economy, and now the leaks are turning into
a gusher and the near term unemployment will rise, business
activity will falter, and the headlines will continue to be scary.
So I'm buying. That's basically what he said. Simple rule

(26:20):
dictates buying. Be fearful when others are greedy, be greedy
when others are fearful, and fear right now still wide spread,
and it's gripping even seasoned investors. But again, you must
make the right decisions. We're here to help you. Get

(26:46):
to our website. Sign up for our personal CFO program.
Real simple, Okay, Watchdog on Wall Street dot com.

Speaker 5 (26:54):
Our podcast is there.

Speaker 4 (26:56):
And guess what.

Speaker 5 (26:58):
Guess what? You know what my phone number is there?
My phone number is that yet?

Speaker 4 (27:03):
Look for it? Look for it there on the website. Yeah,
my personal number. And guess what the phone is gonna
be on? Yes, I've got I'm gonna I gotta be
with my son this weekend. It's a senior day up
at college. But that's okay, okay. If I don't pick
up the phone, leave a message, I will get back
to you. Watchdog on Wall Street dot Com. That's Watchdog

(27:24):
on Wallstreet dot Com.

Speaker 5 (27:25):
We'll be back.

Speaker 4 (27:27):
She just keeps it.

Speaker 1 (27:40):
The only man who is taking on the Walls Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (27:49):
Look back, everybody great too?

Speaker 5 (27:52):
And see today on the program? Well, what else is new?
Greatest bumper music ever? Anyway?

Speaker 4 (27:59):
Clear Eye Full Hearts can't lose anybody a fan of
television show Friday Night Lights. I love that show. I
did again I get. One of my favorite things that
I've done in my life is coaching kids and building
up athletic programs. As many of my longtime listeners would know.

(28:21):
But the television show Friday Night Lights. If you're not
familiar with a program about a high school football team
in a small town in Texas. Head coach the team,
Eric Taylor, he said this to players.

Speaker 5 (28:36):
It stuck with me.

Speaker 4 (28:38):
Stuck with me obviously, because it's truth. It's simplicity, clear
eyes full hearts. Can't lose. See the world, see the world,
the terrain, what we're facing right now, the obstacles that
we're facing right now, for what they are, For what

(29:01):
they are, you don't sugarcoat it.

Speaker 5 (29:03):
You don't sugarcoat it.

Speaker 4 (29:05):
You don't hype them up more than they are, not
what you wish, they are, what someone else is.

Speaker 5 (29:09):
Telling you that they are. Except the challenge.

Speaker 4 (29:14):
Remember, like we said, the only way out is through
embrace the challenge wholeheartedly. And you can't lose. And this,
my friends, is applicable to everything in life. Everything in
life you can apply to that. Again, I mentioned something

(29:37):
from more and Buffett. I grabbed this as well. This
is from two thousand Jeff Bezos. Jeff Bezos in two thousand,
in a letter to his shareholders, OUCH, it's been a
brutal year for many in the capital markets, and certainly
for Amazon's shareholders. As of this writing, are are down

(30:00):
more than eighty percent from wherein I wrote you last year. Nevertheless,
by almost any measure, Amazon the company is in a
stronger position now than at any time in its past.
And he went through a litany of things. We served
twenty million customers in two thousand, up from fourteen million

(30:21):
in nineteen ninety nine. Sales grew to two point seven
to six billion in two thousand from one point sixty
four billion in nineteen ninety nine. A and you take
a look at these numbers and how tiny they are,
how tiny they are compared to where they're at today.
He goes to a whole list of things, and he said, so,
if the company is better positioned today than it was

(30:44):
a year ago, why is the stock price so much
lower than it was a year ago. As the end,
he quoted again one of my faves, one of my faves.
That's what my daughter says, that's their word. Fave, one
of my faves out there, Benjamin Graham. In a short term,
the stock market is a voting machine. In the long term,

(31:06):
it's a weighing machine. Clearly, there's been a lot of
voting going on in the boom year of nineteen ninety
nine and much less weighing. We're a company that wants
to be weighed, and over time we will be over
the long term, all companies are. In the meantime, we
have our heads down working to build a heavier and

(31:29):
heavier company. Got to take a break again, we welcome you.
We invite you become a part of our family, Watchdog
on Wall Street dot com, our personal CFO program.

Speaker 5 (31:41):
We'll be back.

Speaker 4 (31:44):
An quick and nimble.

Speaker 1 (31:53):
Lives like this, you should believe even math not magic.
You're listening to the Watchdog in Wall Street with Chris Markowski.

Speaker 5 (32:09):
Yeah, I'm gonna get in.

Speaker 4 (32:10):
I'm going to get into the economics, the nitty gritty
of everything that has transpired over the course of this
past week. And again I'm loaded for bear here. Again,
I'm gonna be honestly, it was. I'm really angry, really
angry over everything that's taken place. I am very, very

(32:32):
disappointed in many people in the media, the mainstream press,
the lies that they're they're pushing on you. We're going
to get into all of that with the program today.
And again again I'm well aware. I'm well aware certain
affiliate stations out there. They only take an hour, some
take two, some take the full three hours of the program.

Speaker 5 (32:53):
This is why I stress, well, I recommend it's up
to you.

Speaker 4 (32:57):
It's up to you, you know, to subscript, vibe, get
to a website, Watchdog on Wallstreet dot com, our podcast.
We've been basically doing the play by play on everything
that's been taken place with this entire thing, like we
always do every single day on the program. So again,
get to our website, Watchdog on Wallstreet dot com.

Speaker 5 (33:17):
Besides our personal CFO program.

Speaker 4 (33:20):
Most certainly I invite you to sign up and listen
to our podcast every day.

Speaker 5 (33:25):
Great companies, Great companies.

Speaker 4 (33:28):
That's what we're good at is finding and looking and
evaluating companies.

Speaker 5 (33:38):
And again I.

Speaker 4 (33:38):
I advise people not just you know, stocks, but I
advise people on small businesses that they might want to
purchase and various.

Speaker 5 (33:50):
Different other things.

Speaker 4 (33:51):
I can take a look at a business plan, I
can take a look at the numbers and I can
break it down. It doesn't even take that long. I
don't need an algorithm. I don't need a million different models. Okay,
I can take a look at what's going on. I
can ask a series of questions and I can figure
it out. I used to be able to plow through
when I back in the nineteen nineties, I stack full

(34:12):
of prospectus on my desk, garbage, garbage.

Speaker 5 (34:16):
I didn't take long, didn't take long, And.

Speaker 4 (34:18):
People are like, oh, you're wrong about that one. That
company went public and it went up, But I said, yeah,
for now, but it's gonna run out of money in six, eight,
ten months and it's gonna be done.

Speaker 5 (34:29):
And we called it again and again and again.

Speaker 4 (34:34):
You want to own businesses, great businesses with great ideas,
certain advantages, certain niche advantages.

Speaker 5 (34:44):
You take a look at the management that's involved.

Speaker 4 (34:48):
Where do you where do you think the business is
gonna be five, ten, fifteen, twenty years down the road?

Speaker 5 (34:57):
Do I know what the the bottom it is? The
best price? No?

Speaker 4 (35:03):
No, I'm not good at that, and I would you know? Basically,
you know, ask anybody that do you know anybody that
that is it's a solid business. If we think it's
valued properly, we're going to buy into that business no
matter what the bloody market is doing. That's what's worked,

(35:26):
that's what will always work. We're not stock pickers, we're
not market timers. We are great business owners and buyers.
That's it.

Speaker 5 (35:41):
That's it.

Speaker 4 (35:42):
So when when somebody decides to you know what, we're
gonna just decide to blow up the plant with crazy tariffs,
guess what you know that you know when the dust settles,
when push comes to shove, when push comes to shove,
and eventually those tariffs are taken away, which we told

(36:04):
you was gonna happen if you listened to the podcast. Yeah,
people are familiar to everything that happened this week. We
called exactly what's gonna happen. Okay, your portfolio is gonna
be down. Everyone's portfolio, everyone's portfolio, the whole world. Did
you Every asset class around the globe went down for

(36:27):
crying out loud. But but ultimately, the world doesn't end,
world doesn't end. That's gonna only happen one time. Good companies,
great companies are going to bounce back again when when
you're facing times a tumult, don't watch the market that

(36:49):
closely you can, you're gonna drive yourself crazy. Don't obsess
over trying to find the perfect time to buy a doc.

Speaker 5 (37:02):
Again. Conventional wisdom.

Speaker 4 (37:04):
I always talking about conventional wisdom being one of the
most poisonous, one of the poisonous things out there. Grand
Echo chamber, Okay, Grand Echo chamber. Business news when it
comes to market, whether it be markets, sell offs, bear markets,
or run up, doesn't make any difference. Doesn't make any difference. Again,

(37:25):
you are not trade You're not trading in a casino chip.
When you sell a company from your portfolio, you're selling
to somebody else.

Speaker 5 (37:34):
For every seller, there is a buyer. That's the reality.

Speaker 4 (37:41):
Let me ask you, okay, who's buying quality companies? When markets,
sell offs and value are created. We are our clients
are smart money is do you ought to be smart money?
Or do you want to be dumb money? And I

(38:01):
know I've often used this line from JP Morgan here
on the program in bear Markets, JP Morgan said it
in bear markets, stocks return to their rightful owners. Stop
being a greater fool. Don't play their game Again from wargames,

(38:24):
the only way to win is not to play. Don't
play their game. Understand that everything in life that has meaning,
value and worth takes work, time, and effort in is
not going to be easy. It's not. This past week

(38:46):
was not easy by any stretch of the imagination. It
was absolute anarchy. But if you're smart and you follow
our rules, our rules of the code, you're gonna make
your way through it. The only way out is through

(39:08):
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com.
We invite you to become a part of our family
at Markowski Investments, our personal CFO program, all sorts of
great stuff, our podcasts, watchdog on Wallstreet dot Com.

Speaker 5 (39:23):
We'll be back.

Speaker 1 (39:29):
Chris Markowski is the watchdog on Wall Street. Well, no
one altered, investment banker, consumer advocate, analyst, trainer. Chris Markowski

(39:52):
is the watchdog on Wall Street. You want to answer
exposing the lines and myths that the big 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):
financial world.

Speaker 3 (40:13):
but in political and economic reality.

Speaker 1 (40:18):
This is the watchdog on Wall Streets.

Speaker 4 (40:22):
All right, welcome back. I mentioned at the start of
the program, it's going to be some jagged little pills
for many of our listeners to swallow here and again
it's it's unfortunate, it really is. You know, many many

(40:43):
people look at the people that they voted for or
someone that they're supporting in some sort of position, and
for whatever reason it may be, they take on some
sort of messianic character to them and they can do
no wrong. Each and every one of us is a

(41:07):
first and each and every one of us is flawed, broken,
we're all sinners, we all make mistakes. And I think
it's important in one's development as a human being when
you're able to actually admit when you make a mistake,
or you say something wrong, if you noticed here on
the program, if I get something wrong, I correct it

(41:31):
loud and clear, next program, on the podcast, whatever it
may be, That to me is what's important here. We're
not bought, we're not owned by anyone. I am so
thoroughly disgusted, disgusted by many of the pundits on TV again.

(41:57):
I want to They make me want to throw up
in my mouth that I hear their voice, okay, and
it's like it's like nails on a chalkboard. I gotta
hear Jesse Waters and someone who does knows nothing, okay,
knows nothing about what transpired, what took place, reading off

(42:19):
his bloody teleprompter, you know, Yeah, Italian's got a phrase
for these people, bana okay, because that's what they are,
that's what they are. They're sold. They don't know what
they're talking. It's so irresponsible. You have a platform for

(42:40):
crying out loud, you have a plot, you're on television.
I know you get paid a whole ton of money,
but I'm sorry, I correct me if I'm wrong. Isn't
being truthful and being honest better than your your bag
of money? As go to that that scene the movie

(43:02):
Wall Street where Martin Sheen's character it's addressing his son
and Bud Fox. This is you know, I don't I
don't know, you know. I don't wait, he says, I
don't wake up with no horror. I don't go to
bed with no horror. I'll wake up with no horror.
I don't know how you do it. I don't know
how you live with yourself. I don't know how these
people live with themselves. I'm sure that the money makes

(43:24):
a big part of it. And let me be upfront
and clear here, people, Okay, if you haven't figured out
that Fox News and MSNBC are basically the exact same
business model, exact same channel with different points of view,
That's that's what they They do, the exact same thing.

Speaker 5 (43:44):
You get it.

Speaker 4 (43:46):
I got I gotta spend my time every day on
the podcast basically correcting all of the garbage of misinformation
that they spew out on a regular basis. Liberation day,
which will go down in history as one of, without
a doubt, one of the dumbest, dumbest policy decisions of

(44:12):
all time, of all time. All games are jagged little
pills for all of you super trumpsters out there. Okay,
all of your super trumpsters out there that think that
that he can do. Ah, You're gonna be mad. I know,
I'm gonna get a nasty emails now you last year
program again.

Speaker 5 (44:28):
Don't.

Speaker 4 (44:31):
Don't you want to remain you know, ignorant? Go ahead?
You know Dean Wormer said it an animal animal far
animal far animal house.

Speaker 5 (44:40):
Excuse me? Was it fat?

Speaker 4 (44:41):
Drunk?

Speaker 5 (44:42):
It's stupid?

Speaker 4 (44:42):
Is no way to go through life. It was one
of the dumbest things I've ever seen. I'm at my
my daughter's game, not my daughter's lacrosse game. It's, you know,
waiting your games starting at four clock, and I got
my AirPods on and I'm listening to this announcement and

(45:09):
I'm listening and I hear ten percent. I was ten
percent there. Who wasn't a fan of that? But the
markets are like whoof Okay, okay, not gonna be not
gonna be as bad. And then they bring out these
stupid charts, and you know the word stupid doesn't go
far enough. All of these reciprocal tariffs. And again they

(45:37):
obviously don't know what the word reciprocal means. Again, like
a Nigo Montoya from Princess Bride, you keep using that word.
I don't think it means what you think it means.
These weren't reciprocal tariffs. They were insane. The market futures
tank tank and away we go. So I get a copy,

(46:03):
I get a copy of the math, the genius mathematical
formula that they put together to calculate these tariffs.

Speaker 5 (46:12):
And that's what it was.

Speaker 4 (46:13):
It was a joke. It wasn't serious. It wasn't serious. Listen,
I have counter parties. I have clients all over the globe, okay,
and they're not all again us. Well major, I'll get
into that in a little bit. No, these these are

(46:34):
these are business owners. These are business in other parts
of the world that like Trump, supported him. So like,
what is this, Chris, what is this doesn't make any sense?
It didn't, it didn't. It's almost like they they went
to the member goodwill hunting. Remember the the the the

(46:55):
contest that the professor put on the chalkboard there that
you know, ninety nine point nine percent of us we
can't understand, we can't read. It's got a lot of
Greek letters in it. They put out this formula that
made absolutely no sense. It was not it was athletes,
there was it was nonsense. And then they spent the

(47:15):
entire last weekend. Last weekend, I spent my day. I
had I recorded every talk program out there, Meet the Press,
Face the Nation, every program.

Speaker 5 (47:29):
Out there, listening to these interviews.

Speaker 4 (47:32):
Watching Howard Lunatic, I mean Lutnik go on and say things,
watching Navarro go out and say things that made no sense,
getting certain members, Yeah, Hassett, here's another one, kind of
contradicting what.

Speaker 5 (47:51):
They had to say.

Speaker 4 (47:52):
And then other peoplevesn't coming out and kind of contradicting
the messaging all over the place, all over the place.
And again everyone's like, what is going on? This makes
no sense. And again I have my connections, and you know,

(48:14):
I'm getting word that. Again there's people like the sent
that were, you know, kind of beside themselves. This is
not something that they wanted, not something that they wanted.
And some of the statements, some of the absolutely moronic
statements that again, these are representatives of this administration. This

(48:35):
is a guy I voted for, Okay, a guy voted for.
You got Navarro going out there talking about the BMW
fac said, talking about the BMW factory in South Carolina,
I just assemble BMW. That doesn't work for America. It's
bad for economics, it's bad for our national security. Do

(48:55):
you have any idea, any idea the amount of people
that work at that BMW factory. Do you understand the
type of wealth that it brought to South Carolina.

Speaker 5 (49:10):
It was a turning point for that state.

Speaker 4 (49:15):
It's BMW's largest facility in the world. For crying out loud,
then he goes after Musque. Okay, this Navarro has never
built a business. He's never signed the front of a check.
He's not He never had a design, a product, he
never had a market a damn thing. No do you
want Musk? Yeah, he just uh you know, he's the

(49:37):
car guy. He's just assembling cars here in the United States.
The Tesla is the most American made car on the planet. Okay,
so the most American made car on the planet. And
that's when Musk had enough and he ripped Navarro. Moron

(50:00):
than a sack of bricks. That's my line. I always say,
dumber than a box of rocks. All of this was nonsense,
absolute nonsense, completely unnecessary.

Speaker 5 (50:15):
And do me a favor.

Speaker 4 (50:16):
Okay, if you think that this is some sort of
grand plan that this played out exactly the way they
wanted it to, please for crying out loud, stop drinking
the kool aid, because it didn't play out the way
they wanted to, nothing like the way they wanted to,

(50:38):
because again, it didn't work this way. And then the
people that actually out there saying, wow, you know he's
been talking about tariffs for thirty plus years. Right now listen, Okay,
I don't have any problem with reciprocal tariffs. These were
not reciprocal tariffs. And the dumb things that you're saying,

(51:04):
Oh yeah, we're gonna I'm gonna we're gonna be able
to start making iPhones here in the United States, lickety split?
Are you out of your mind? Are you kidding me?
We're gonna start making iPhones here in the nice We're
gonna start having sneaker factories here in the United States.

Speaker 5 (51:24):
Let me explain this to you.

Speaker 4 (51:25):
Okay, there are seven million men, seven million men that
are not in the workforce. These are prime age You're
talking twenty four to fifty five, twenty four to fifty five,
and they're not even looking for work. They're not even less.

(51:45):
They call them nrps or something like that. Wait, wait,
you think that these factories that they're gonna you're gonna
drag them in there with all the government handouts and
giveaways that they're able to get, because they're not gonna
take that away, none of the handouts. Once you start
giving people money and they're all on disability for something,
you think they're gonna drain and you think you're gonna

(52:05):
put them to work in a factory. That the concept
of trade deficits, for crying out loud, is again, it's
one of the dumbest things I've ever heard. How you
have you yourself have trade deficits in your life. I've got
lots of them. I got lots of trade deficits. I

(52:27):
have a trade deficit with my dry cleaner. I have
a trade deficit with the landscapers that take care of
my yard, cut my lawn. I have a trade deficit
with the guy that you know works on my pool.
You've got a trade deficit with your plumber. You got

(52:48):
a trade deficit with a myriad of different things. The
grocery store. What do they buy from you? What does
the grocery store buy from you? What you do is
you are conducting a transaction. Okay, this is what Adam Smith.
Capitalism is all about. Two people sitting down at a table,

(53:10):
both walking away happy. Yeah yeah, yeah, uh. You know,
twenty five years ago, I used to cut my own lawn.
Right now, it doesn't make any sense for me to
cut my own lawn because my time is better off
doing something else. So I am more than happy to

(53:32):
hand the money over to the guy that cuts my
lawn because it frees up time for me to work
at my business and spend time with my family and kids.
There's nothing wrong with that. This is what happened. Wealthy nations,
truly wealthy nations, have deficits, trade deficits, not to mention

(53:57):
the fact, to make in fact, it doesn't account for
all of the services that we provide and the service
industry here in the United States that we sell around
the globe. When I provide consulting and investment advice and
I am paid for it for clients in Europe, that's

(54:21):
not calculated in any of this, but I got paid
for that. This is nuts.

Speaker 5 (54:31):
And again people not like that.

Speaker 4 (54:33):
I'm well aware that we are getting screwed over on
certain deals and we have certain problems. Yeah, we rail
about them here on the program all the time. But
but this is the way, this is the way you're
gonna this is this is not gonna solve the problem. People.

Speaker 5 (54:57):
Again, most of the media is.

Speaker 4 (55:02):
Downplaying how scary it got Tuesday evening, and we're going
to get into that on the program.

Speaker 5 (55:08):
We're gonna take a break right here.

Speaker 4 (55:10):
Again, I invite you to become a part of the
Watchdog on Wall Street family, Watchdog on Wallstreet dot com,
personal cf O program, our podcast, our newsletter, all sorts
of great stuff, Watchdog on Wallstreet dot Com. We'll be back.

Speaker 1 (55:43):
Bringing America financial freedom, one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (55:55):
Welcome back, Welcome back. They got an email. I got
an email from somebody because I have to talk about
here on the program. Chris, don't worry about it, man,
You know you remember you gotta you gotta embrace the
suck man. You gotta embrace the suck. You know it's
gonna be okay. I know everything eventually is going to

(56:19):
be okay. Okay, I'm aware that everything is going to
be okay. They think of that that scene in the
movie Jurassic Park when they're in the jungle and again
great character, uh doctor Ian Malcolm there, Jeff Goldbloom, and
they're like, well, how they're baby dinosaurs. I thought they
only bred females here, And he says nature will find

(56:42):
a way.

Speaker 5 (56:44):
Business will find a way.

Speaker 4 (56:48):
However, when people opine and send comments like this, obviously
they're not in the same position that I am in
when my phone is ringing off the hook and people
are calling in and these are not even not even
just clients my listeners of this program who own small businesses.

(57:13):
Do you understand, okay, you understand that is the bulk
of our business.

Speaker 5 (57:20):
We help everyone.

Speaker 4 (57:22):
But for whatever reason it may be, we attract a
lot of small business owners.

Speaker 5 (57:27):
I'm talking, I'm.

Speaker 4 (57:28):
Talking carpenters, I'm call talking HVAC, business owners, a myriad
of different things. And they're like, I don't know what's
going on. My costs are going to go through the roof.

Speaker 5 (57:40):
I don't know. I'm gonna have to stop jobs.

Speaker 4 (57:43):
Do you understand what you did to them? And you
get these fools on TV? This is great. We gotta
shake things up. We're sticking at the Wall Street. You're
not sticking at to Wall Street. You're sticking it to
Main Street. You moron. Embrace the suck. I can embrace
the suck. I can take a lot. Okay, I'm able

(58:04):
to do it. I just can't embrace stupid. I can't
embrace stupid. And that's exactly what this is, what this was,
what it's still going on because it's not over.

Speaker 5 (58:17):
Over. Let me tell you, okay, let me tell you
what would have happened.

Speaker 4 (58:23):
Okay, if these things went through, these things went through,
we would have been in a not just a recession,
it could have been a depression.

Speaker 5 (58:36):
People are gonna lose their jobs. Oh yeah, Oh no,
that's not gonna happen. Yeah it is. Okay.

Speaker 4 (58:43):
Well, when I get a carpet and flooring installer that
have all these jobs lined up, all of a sudden,
his costs are going through the roof, and all of
a sudden people are saying, well, you know what, we're
gonna put that off right now. We're not gonna pay that.
Guess what they have to do. They have to start
laying workers off. Do you think that's gonna help the
working class? You think that's gonna help the poor? Who

(59:06):
gets shafted? Who gets shafted the worst in any downturn,
it's the working class. It's the poor. What they did
was basically decide, Hey, you know what, we're gonna start
juggling night drow glistening for crying out loud. And you

(59:28):
think that this was some sort of planned off ramp here. Ah, people, Okay,
Tuesday night, Tuesday night, I'm again, I'm watching I'm watching
this having some Republican dinner, and I'm watching the president
speak very forcefully about what he was doing. And then

(59:52):
that night you watched the bond market implode. We're gonna
talk a little bit about this and what could have transpired.
Watchdog on Wall Street dot com. Watchdog on wallstreet dot
com again is our site. The truth lives here, our
personal c FO program right there, Watchdog on Wallstreet dot com.

Speaker 5 (01:00:13):
Or give us a call.

Speaker 4 (01:00:14):
Hey hundred four seven one four.

Speaker 1 (01:00:18):
You're listening to the Watchdog on Wall Street ticking Wall
streets liars, crooks and sheets out behind the woodshed. You're

(01:00:42):
listening to the watchdog on Wall Street.

Speaker 4 (01:00:48):
So let's play pretend. Okay, you're you're a you're a
business owner. Let me tell you something about small business owners.
They love their workers, they don't want to lay people off.
They become like family over time. I host another radio
show entitled work Time and Effort where I interview small

(01:01:12):
business owners and they tell their story, their success story
and how they built their business, trials and tribulations, and
they always talk about the relationship they have with their
people and certain businesses that business is different. Every business
works on different margins. And all of a sudden, let's

(01:01:33):
say you're running a you know, I said, you're you
run a carpet company. You run a carpet company, and
you've got jobs lined up. You've got jobs lined up.
You're supposed to be installing carpet at this place or
this hospital, whatever it may be, and.

Speaker 5 (01:01:48):
You get an email because this was the email.

Speaker 4 (01:01:51):
US Customs and Border Protection has provided an updated reciprocal
tariff rate of duty for goods of China of one
hundred and thirteen point two percent, replacing the previous rate
of thirty four Imported goods entered for consumption or withdrawn
from warehouse or consumption on or after twelve one am
on April ninth are subject to additional advil.

Speaker 5 (01:02:09):
Raum duty rates. Now, what do you do? What do
you do?

Speaker 4 (01:02:17):
You already gave a quote to the person to install
the carpet, You've hired the work, You've got your staff
that are there to do it, and now you're gonna
have to take a.

Speaker 5 (01:02:30):
Loss on the job.

Speaker 4 (01:02:33):
What if you don't What if you don't have the
working capital on hand to pay that tariff? Carpet's going
to stay there at the port from the get go.
I've talked about forget go. I've been talking about this
for years here on the program. Do I have problems
with various different trade barriers that are put into place

(01:02:56):
by countries I rip into the European Union all the time,
and how they sue our technology companies because they don't
build or create anything there, And that's that's.

Speaker 5 (01:03:06):
A bone we need to pick with them.

Speaker 4 (01:03:10):
Absolutely. Do we have all sorts of trade problems with China? Absolutely?
Do they need to be dealt with? Sure, But you know,
whether you like tariffs or not, like it doesn't matter, Okay,
when you have a global economy that as is interconnected

(01:03:35):
as ours is. Everything that you need to do, it
needs to be. It needs to be measured, It needs
it needs to be measured, It needs to be you know,
little by little you need to be prudent for crying
out loud. You don't have to rush into everything. Talum

(01:04:01):
talked about this this past week. And you know, and
again big fan of h NASA, Nicholas Talb. You know,
if you you got to get to the bottom floor
of a building and your ten floors up and you're
in a hurry, do you rush it by jumping out
the window? No, that's insane. Another way you might want

(01:04:21):
to look at is this. I said, you know, you're
sick or whatever, you're hurt, and they tell you here,
here's your steroid pack, and I like, oh, I want
to get better quickly. You take every pill in the
pack right away. Is that going to help or is
it going to make matters worse? And on top of that,
on top of that, the the garbage that we were

(01:04:44):
being told, the President of the United States coming out
coming out and say, oh, we're collecting two billion dollars
a day. You do understand people that we have to
refinance close to nine trillion dollars in debt over the

(01:05:05):
next eighteen months. For every point one percent this number
goes up, we have to pay an additional thirty six
billion dollars more in interest.

Speaker 5 (01:05:18):
How does this make any sense?

Speaker 4 (01:05:23):
Tuesday night, Tuesday night, you know, Donald Trump is in
his tuxedo and he was given one of his you know,
one of his rants that he does. He is the
stand up routine that he likes to do, and he's
talking about countries coming and begging him and bending a
knee and coming and we're gonna do this and we're
not gonna wave, and we're not gonna bend. Yeah, yeah,

(01:05:45):
event all right, vent, all right. The bond market went in,
so it was went parabolic. The tenuear went through the roof. Now,
normally people when the stock market sells off, there is
a flight to what is known as uh you know,

(01:06:07):
risk free assets, which are traditionally what US bonds. That
didn't happen. People were selling the United States, selling the USA,
the greatest brand in the history of the planet, they

(01:06:27):
were selling it. Do you understand what that could have
meant if it continued to spiral out of control? Do
you understand where interest rates could have gone? Do you
understand where mortgage rates could have gone? Do you understand
that we might have lost our reserve currency status? Well,
you think thirty six trillion dollars a debt is manageable without.

Speaker 5 (01:06:50):
The reserve currency status?

Speaker 1 (01:06:51):
That we have.

Speaker 5 (01:06:55):
Got to take a break.

Speaker 4 (01:06:56):
Watchdog on Wallstreet dot com, watch Dog on Wall Street
dot com a lot more. We gotta go over on
the program today. But again, okay, we're here to help
everyone out. Get to our website, Watchdog on Wall Street
dot com, our personal CFO program, our podcast, our newsletter,

(01:07:17):
all sorts of great stuff. Watchdog on Wall Street dot Com.
We'll be back, but you I'm on the key.

Speaker 1 (01:07:25):
You tell me this is the Watchdog on Wall Street.

Speaker 5 (01:07:49):
So let's go back a little bit.

Speaker 4 (01:07:53):
Let's go back we were we were on Tuesday, and
let's go back to the weekend with all of the
all sorts of conflicting comments being made on a myriad
of different programs. These tariffs are here to raise revenues. Really, okay,
you're gonna again terriff ast tax, terriff is tax. Yeah,

(01:08:18):
Andrew Jesse from from Amazon, Okay, gety came out this
past week, he said, you know, the people that sell
on their site, they're gonna raise their prices.

Speaker 5 (01:08:27):
They're gonna pass the cost on to everybody else.

Speaker 4 (01:08:30):
That's what tariffs are. It's a tax.

Speaker 5 (01:08:35):
It's a tax, and.

Speaker 4 (01:08:36):
It's going to hurt people here. But again, we'll get
into that a little bit. So you're getting all these
conflicting messages there, and then you get the people out
there that start saying, I sticking up for the main
street and the working class here in America.

Speaker 5 (01:08:52):
I keep throwing out numbers.

Speaker 4 (01:08:54):
Oh, we lost these factories and we lost these jobs.

Speaker 5 (01:08:58):
People.

Speaker 4 (01:08:58):
We are at four percent unemployment here in the United States.
Four percent employment here in the United States. I've talked
about this before. Okay, do you think do you think
that they're going to all of a sudden going to
start building appliances here in the United States. You think

(01:09:20):
those factories are going to come back here?

Speaker 5 (01:09:24):
No, they're not.

Speaker 4 (01:09:26):
They could they could, you know, we could have niche products.
I've talked about this all along. This is a business idea.
I wish somebody, I wish somebody, and again it just
be great. Trump gets rid. He just got rid of
some of the waterflow regulations if somebody could go back
and use to make the old appliances that we used
to have in the nineteen sixties and nineteen seventies and

(01:09:49):
even into early nineteen eighties. Those things were indestructible. Remember though,
the washers and dryers and back then. Ah My mom
would throw everything into those things. They would never break,
they would never die. Refrigerators over the last decades, high
quality stuff. Eh, we built those. Yeah, you make a
premium product. Okay, you see, you can go you can

(01:10:11):
go to uh, you know, home Depot, or you can
go to any store appliing st best Buy, and you
know what you can do. You can pick yourself up
a thirty dollars toaster. A thirty dollars toaster. Why that's
that toaster's made?

Speaker 5 (01:10:26):
I don't know. It's made in China. It's made somewhere
in the Far East.

Speaker 4 (01:10:28):
Okay, Now again, you make that toaster here in the
United States, it's no longer a thirty dollars toaster. But listen,
if you want to buy a toaster, a fancy toaster
from a western nation, you can buy an Italian toaster
that cost you three hundred dollars. Again, it's your choice.
It's up to the consumer. Got to take another break.

(01:10:53):
Watchdog on Wallstreet dot Com. Watchdog on Wall Street dot Com.
I'm just getting warm people. We got a lot god more.

Speaker 5 (01:11:00):
We gotta go over.

Speaker 4 (01:11:01):
Watchdog on Wallstreet dot Com.

Speaker 5 (01:11:03):
We'll be back.

Speaker 4 (01:11:06):
Soon. Let set you free.

Speaker 1 (01:11:12):
See what you need to see when you Chris Markowski
is the Watchdog on Wall Street, the only man who

(01:11:39):
is taking on the Wall Street establishment. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:11:46):
My guess there's a good call to uh give up
alcohol for lent. That what I would have gone through
a few bottles of wine this past week without a doubt.
Welcome back, everybody. It is the Watchdog on Wall Street show.
So okay, we'll go back Tuesday night. Tuesday night, Trump

(01:12:09):
gives this pretty much, in my opinion, and again I
voted for him. A bit of an unhinged speech, and
we watched the the bond market and various different spreads
go off the rails. Now I already know for a fact,
all righty, No, for the fact, we already knew that

(01:12:29):
Musk not happy, not happy at all about what Trump
was doing. We know for a fact. And again one
of them. You want to see one of the worst
poker players I've ever seen. Watch Scott Beissent. Wat Scott
Besent towing the company line. Okay, prior prior to Tuesday afternoon, Okay, he.

Speaker 5 (01:12:51):
Is one of the worst poker players.

Speaker 4 (01:12:53):
You knew that he hated what was being implemented at
that time. We all know that he was begging Trump.
He was down there, don't do this. Gotta change course.
This is not good. This is bad.

Speaker 5 (01:13:09):
All of a sudden fast forward, we gonna wake up
Wednesday morning.

Speaker 4 (01:13:12):
Again, nose dive again, markets, bond spreads, people are free.

Speaker 5 (01:13:17):
Don't know what's going to happen next with everything.

Speaker 4 (01:13:20):
Bascent is being interviewed on TV, and honestly, it looked
after the night that he went through Tuesday night again,
it looked like he dirtied his shorts.

Speaker 5 (01:13:31):
He looked frightened.

Speaker 4 (01:13:34):
Then we get a couple tweets from Trump afternoon, all
of a sudden ninety day.

Speaker 5 (01:13:40):
Pause, markets go through the roof.

Speaker 4 (01:13:46):
Now, if you think, by any stretched imagination, this was
by design, you're crazy not to mention the fact. If
you think that we're even close to being out of
the woods with all of this.

Speaker 5 (01:13:58):
Stuff, crazy. We're not. You don't do this. Okay.

Speaker 4 (01:14:08):
Now, we talk about risk, right, you never ever ever
let risk lead to ruin. It's one of our rules
here at Markowski Investments. And you you did a lot
of damage and people you think the damage was undone.
The damage was undone on Wednesday afternoon. You know, ask

(01:14:34):
a question when you're asked. People are asked about great brands, right,
great global brands. You know, great names out there, Coca Cola, No,
we discussed here on the program. Look at the Remember
the damage that bud Light did to its brand by
putting the trans person or whatever on the can. Or
we made fun of Jaguar when they completely re brand

(01:14:57):
and I did some nonsensical advertisement. You can do image
to your brand. We did damage to our brand. The
United States of America, which is known as the place,
safest place for assets, tried and true global reserve currency.

(01:15:21):
We did damage to that and we're going to have
to earn that back. You don't want to do damn.
You do not want to do damage to that brand. Man.
We're thirty six trillion dollars in debt and here's a
little perspective for you. Okay, massive bond selling came. People

(01:15:41):
didn't know what was coming from at first. Now we're
hearing it was out of Japan, which owns a ton
of our debt. I don't know at this point in
time whether it's a government or it was some hedge
fund that was over levered that blew out.

Speaker 5 (01:15:53):
But let me tell you who else owns a lot
of our debt. China.

Speaker 4 (01:15:58):
They own over a trillion dollars of our debt our bonds. Now,
obviously it would hurt them, It would hurt them, It
would hurt their position if they all of a sudden
they start doing a massive unload of our debt. Do
you understand where interest rates would spike? Do you understand
that we have to borrow again? We're not a fiscally

(01:16:21):
sound nation. We have to consistently the bloody Republican, Oh
I raised debt ceiling another another, you know, five trillion dollars. Yeah, yeah,
we got the presidency, we got the White House. We
got to send it. No, no, no, no balance the budget,
no cut spending, no, no, no, we can't do that.
We have to continue to borrow money to keep this

(01:16:42):
country going.

Speaker 5 (01:16:43):
And guess who's borrowing it our Guess who's lending it.

Speaker 4 (01:16:47):
Excuse me, China, Japan, these other nations are doing that.
I told this story before here on the program. This
actually happened. This was during the Bush administration. This is
during the final Ansel crisis. Bush was there at the
opening of the Beijing Olympics, remember that creepy opening that
they had with all the drums.

Speaker 5 (01:17:08):
But anyway, it was in charge, there was it.

Speaker 4 (01:17:13):
Who's in Tao hu Jintao is the premier country?

Speaker 5 (01:17:16):
He told Bush.

Speaker 4 (01:17:17):
He said, you know, the Russians wanted us to start
dumping dumping bonds, kind of rattle your cage.

Speaker 5 (01:17:25):
And they didn't do it. They didn't do it. People.

Speaker 4 (01:17:32):
I'm not stupid, Okay, I know at China cheets. I
understand about stealing intellectual property. But again, a lot of
corporate America, many companies decided to sell their soul and
give up, give up their intellectual property in order to
get into that market. That's their fault. I understand the

(01:17:54):
mistake with the World trade organizations, the mistakes that were made. Okay,
you cannot but rectify decades, decades of screw ups and
the staff of a finger. These things need to be unwound,
and I want them to be unwound too. But do

(01:18:17):
you honestly think we have the workers here. We're gonna
start bringing back all of these factories here to the
United States. No way, we don't. We're at four percent
unemployment here in the United States.

Speaker 5 (01:18:33):
The best way, the best way.

Speaker 4 (01:18:36):
To bring business here to the United States is by
making America the most attractive place.

Speaker 5 (01:18:41):
To do business.

Speaker 4 (01:18:43):
Lower our tax rates, lower regulations, keep the cost of
energy down. Do what we do best, and businesses will
come here. I know it's cliche. If you build it,
they will come. You build the right environment, these businesses
will come. Watchdog on Wallstreet dot com. Watchdog on Wallstreet

(01:19:05):
dot com, we'll be.

Speaker 1 (01:19:07):
Back, well know and altered. Investment banker, consumer advocate, analyst

(01:19:28):
trader Chris Markowski is the watchdog Wall Street you want
to answer, exposing the lines and myths that the big
brokerage firms, the mainstream press, and the government are pushing
to keep Americans away from financial freedom.

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

Speaker 1 (01:19:47):
financial world.

Speaker 3 (01:19:51):
but in plitical and economic reality.

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

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

Speaker 5 (01:20:03):
Right, I do appreciate the the kudos.

Speaker 4 (01:20:06):
We're keeping our pretty good record here at the Watchdog
and walshover Markowski Investments. People who listen to our podcast
are aware that we discussed this.

Speaker 5 (01:20:19):
It was on Friday, last Friday.

Speaker 4 (01:20:22):
It was Friday, about a week a week or so
ago talked about what I thought was going to happen.
And even after that podcast, you know that the super
Trumpsters out there, no way, He's not gonna bend. There's
no way. I'm like, he ain't gonna have a choice.
I don't know when it was gonna happen, but I said,

(01:20:44):
either he's gonna take these tariffs off. He's going to
be forced to because the markets are going to go
into absolute disarray, or Republicans are going to wisen up,
wising up in Congress and take away the power for
him to tariff.

Speaker 5 (01:21:00):
Because again, it was.

Speaker 4 (01:21:01):
Just an executive order, I said on the when I
said in the podcast, I said, you know, at least
this is just an executive order. And I made the
point too, if this was such a great idea, such
a great idea, why don't you make it law? Why
don't you go to Congress and make it law rather
than executive order that can be taken away. There's so

(01:21:23):
many things that in regards is that I was again
pulling my hair out.

Speaker 5 (01:21:28):
Pulling my hair out.

Speaker 4 (01:21:29):
The fact that the tariffs that you were gonna collect
you were all you were gonna have to do. Is
you're gonna have to collect that money, and then you're
gonna have to turn around pay more money and interest,
and also have to start subsidizing farmers because that was
gonna be a part of it too, because there was
gonna be reciprocal on us, on our farmers, and then
all of a sudden, we're gonna have to start cutting
them checks. I want to again, I want to play

(01:21:54):
a little game of tariff math with everyone. Right now.
Let's play a game. Let's say it costs Let's say
it costs five bucks five bucks to make a T
shirt in Vietnam, and let's say it costs cost twenty

(01:22:14):
dollars twenty dollars to make that shirt in West Virginia. Now,
if you put a tariff on Vietnam, Vietnam, and then
you know Walmart is importing that T shirt from Vietnam,
and they got to pay that fifty percent tariff. How
much does the shirt cost now? What's Walmart's cost?

Speaker 5 (01:22:36):
Now?

Speaker 4 (01:22:37):
It was five bucks? Oh yeah, okay, it's now seven
dollars and fifty cents. It's still cheaper. It's still not
gonna make any sense to make that same shirt in
West Virginia. It's non sensical. For crying out loud.

Speaker 5 (01:22:58):
Another thing that really.

Speaker 4 (01:23:00):
Really really upset me, really really upset me, and I again,
I want to throw things at the television whenever Fox
News would pop up, or you listen to these pundits
out there.

Speaker 5 (01:23:12):
Basically he's saying, ah, now.

Speaker 4 (01:23:14):
Trump's stacking up for American worker. He's a new value.
He's not me, not for Wall Street? What is Wall Street?

Speaker 5 (01:23:20):
Another? Okay, another one? Okay? That honestly, how do you.

Speaker 4 (01:23:25):
Get to television show?

Speaker 5 (01:23:26):
I don't know.

Speaker 4 (01:23:27):
He got thrown out of the investment business. Charles Payne,
There is great. It's Trump doing it right there. I'm
like a sticking up to Wall Street. I'm like, you
know better than this, Okay, you know better than this.
These people again, these people that appear on these programs,
they have either their liars or they are just paid
to say certain things like actors and actresses are told

(01:23:48):
to do. You can't actually believe this, And then you
also used to see it, you know, on social media.

Speaker 5 (01:23:57):
Social media, people like.

Speaker 4 (01:24:00):
Like, I don't care about this. I don't own any stocks. Again, fat,
drunk and stupid is no way to go through life.
My parents, my grandparent, they never owned any stocks. Okay,
that's their fault. So it began because what do they do.
They put their money in a can in the backyard. Oh,

(01:24:24):
that's that's being a real good steward. Let's being a
great steward of your money. More than fifty percent of
the country is invested in some way, shape matter form
for one k's iras. That don't even include pensions in
that too. But you don't think that this hit pension
plans also, And you're causing some sort of divide here.

(01:24:52):
Wall Street you mean me. You're told nobody goes after
Wall Street harder than I do. Okay, what does that
mean when you say Wall Street? Does that you you
mean anybody who actually is prudent with their money and
invests and puts money away.

Speaker 5 (01:25:09):
What about if somebody owns a CD for crying out loud?

Speaker 4 (01:25:14):
Oh, you think it's gonna be great if someone wants
to buy a home and all of a sudden, mortgage
rates are up at nine ten and it would have
been higher at the rate we were going on Tuesday night,
sticking at the Wall Street. You're not sticking it to anybody.
You're sticking to anybody. I'm gonna give you two people here,

(01:25:36):
one guy.

Speaker 5 (01:25:36):
Here, I was, I was a hero of mine. Here
I again.

Speaker 4 (01:25:42):
Hey, not ivy leaguer didn't grow up with a silver
spoon in his mouth, working class family, grew up on
Long Island. Gee, I don't know what he did. He
helped to build home depot for crying out loud. Ken
Langone ripped Trump. He's a Trump supporter, dotor. He called
it bull excremate Trump Tariff's I don't understand.

Speaker 5 (01:26:03):
The ged formula. Nobody did, nobody did. It was dumb.

Speaker 4 (01:26:11):
You want to talk about Wall Street? Oh, billionaire Ken Griffin? Ah,
he said Donald Trump's latest tariffs amount to a hefty
tax on middle class families and are a huge policy
mistake by the administration. Wow, Ah, it's just the Wall
Street guy. You understand how much money he made because
of all of this panic hens, He's a trading outfit

(01:26:33):
for crime out loud. He made an absolute fortune fortune
on this, but he understands he doesn't want to see
the country go down on bad ideas. I remember Gary Cohen,
who was Trump's economic advisor in his first term. This

(01:26:53):
is a conversation between Gary Cohen and Donald Trump. This
is turn his first presidency. He said, mister President, can
I show.

Speaker 5 (01:27:02):
This to you?

Speaker 4 (01:27:03):
And he showed a whole bunch of data to the President.
He said, see the biggest levers of jobs, people who
don't want they're leaving their job, people leaving voluntarily, was
from manufacturing. Trump said, I don't get it, and then
Cohen tried to explain it. He said, I can sit

(01:27:23):
in a nice office with air conditioning at a desk,
or stand on my feet eight hours a day for
the same pay. Which would you do for the same pay?
Cohen added, people don't want to stand in front of
a two thousand degree blast furnace. People don't want to
go into coal mines and get black lung for the

(01:27:44):
same dollars or equal dollars. They're going to choose something else.
Trump wasn't buying it. Several times Cohen asked Donald Trump
why do you have these views?

Speaker 5 (01:27:55):
Said I just do.

Speaker 4 (01:27:57):
I've had these views for thirty years, and said, that
doesn't mean they're right. I've had the view for fifteen years.
I could play professional football. It doesn't mean I was right.
And these arguments people that are made, they're thrown around
out there. Oh they talking about you remember when this

(01:28:17):
country we paid on we didn't have income taxes and
we only had tariffs. Are you actually comparing the United
States from the post Civil War up to let's say,
I don't know, nineteen ten, nineteen fifty. Do do you
think you're going to compare the United States then to now?

(01:28:39):
Do you understand we weren't in the driver's seat at
that point in time. That was the UK prior, you know,
prior to World War Two. Our military was smaller than Romanias,
We didn't have social security, we didn't have all these
social safety net programs. We were very different looking country

(01:29:02):
at that point and time. And we want to go
back to those days. They keep talking about those days.
As you know, it was some wonderful period of time.
Do you understand that our GDP per capital is over
seven hundred se hundred percent more today than it was then,

(01:29:23):
Let mean, come on, people, we all you went to
high school. You read The Jungle by Upton Sinclair, did
you not? You? You do realize, you do understand. You
know even that television show, it's a great show, the
Gilded Age. You're seeing the wealth and how concentrated it
was then and people living in hovels. This country could

(01:29:48):
have been socialists and became communists based upon the way
that businesses treated their workers back then. We actually had
the National Guard shoot at workers who were striking, and
the workers were right, they're sending the sending the Pinkerton
guys after striking workers because of the way that they

(01:30:08):
were mistreated. You want to know how, why, how and
why unions first got involved with the mafia. They needed
muscle to fight back. You want to go back to that.
I don't want to go back to that. I don't
know anybody that wants to go back to that. And
that's that's what we're being pitched. That's the way you

(01:30:30):
think is going to be wonderful, It's going to be great. No, no, uh,
you know, things change, people, the world changes. I made
fun of this with Democrats, remember Barack Obama. Barack Obama
told you, oh, you know, you know, you lost all
sorts of jobs once the ATM machine was invented to

(01:30:54):
have tellers anymore. You didn't lose jobs, you lost telling
our jobs. Other jobs were created based upon that. This
is just what happens. This is creative destruction for crying
out loud the idea that we're gonna we're gonna get

(01:31:14):
We're pitting people against one another, and you got again.
Oh I don't know any stocks. This is great fantom
I've given damn. Well, fine, don't don't don't build wealth
then don no, that's okay, you don't build any wealth.
That's fine, be happy.

Speaker 5 (01:31:34):
But you know how many how many senior citizens do?

Speaker 4 (01:31:38):
How many? How many people? How many people that were
you know again looking forward to retirement, All of a sudden,
I have you know, nine trillion plus wiped out in
a week for nothing.

Speaker 5 (01:31:53):
Nothing.

Speaker 4 (01:31:54):
Don't tell me anything was gained. Don't tell me everything
is awesome. Okay, I know they're pitching that idea. Oh yeah,
everybody's comming. We're gonna seventy five countries cutting all these deals.
We'll see, we'll see, and I hope we do. I
hope we do. But I quite Frankly, I don't think
the best way of doing deals is by uh hurting

(01:32:16):
your own people, hurting your own country, hurting small businesses.

Speaker 5 (01:32:23):
And you hurt small business.

Speaker 4 (01:32:27):
You hurt small you hit small businesses, you hurt you
hit everybody across the board again again, businesses again. They'll
find a way. They'll find a way. It's one of
the things that makes America great. That's one of the
things that makes America great. Our resilience, our acceptance of
failure in being able to get back up again. Just

(01:32:51):
stop lying at people, Stop gaslight people, Stop sending people
out there to bs us some more.

Speaker 1 (01:33:02):
Again.

Speaker 4 (01:33:03):
I don't like the old Michael corleone godfather one. Don't
insult my intelligence. It makes me very angry. Gotta take
a break. Watchdog on Wall Street dot com. Watchdog on
Wall Street dot com is our site, personal c f
O program, podcast, newsletter, Watchdog on Wall Street dot Com.

Speaker 5 (01:33:27):
We'll be back.

Speaker 1 (01:33:42):
You should believe in math, not magic. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 5 (01:33:53):
Talk about everybody. It is the Watchdog on Wall Street
through again. You get statements like this again, this is
Stephen Miller.

Speaker 4 (01:34:04):
Okay, these wire, American streets filled with cars from Europe
and Japan, but their streets are empty of American cars,
even as we provide defense and security for both first
and foremost. Okay, Steven, I travel a lot. I've got
a global business, and I actually see more American cars

(01:34:29):
on the road in Europe than I do here. I
see more Ford cars in Europe.

Speaker 5 (01:34:37):
They make that. We have.

Speaker 4 (01:34:38):
Ford has factories in Europe that make cars for the
European market. I've talked about this here on the program. Hey,
they're paying close to equivalent six seven dollars a gallon
for gasoline over there. They ask for more fuel efficient cars,
that cars that they sell that we don't sell here

(01:34:58):
in the American market. But let's let's be honest here. Okay,
let's be honest. Okay, look at every every rating agency
out there. It doesn't matter he is not European or
Japanese rating agencies. Okay, whether it be car and driver,
auto trap, whatever makes any difference. Okay, for whatever reason

(01:35:19):
it may be, their cars are better, they're more fuel efficient,
they last longer, they cost less, and they have a
better resale value period the end. Okay, build a better
car and people will buy it, ask elon. He seems
to be doing pretty well. Seems to be doing pretty well. Again,

(01:35:41):
I'm not an electric car guy, but he's sold a
decent amount of those things.

Speaker 5 (01:35:44):
Correct me if I'm wrong.

Speaker 4 (01:35:47):
I have talked about this before here on the program.
There is a story story and to parents out there,
it's kind of it's kind of fun.

Speaker 5 (01:35:59):
You can download it.

Speaker 4 (01:36:01):
I can get it at the Freedom of Economic Education
and buy it.

Speaker 5 (01:36:05):
It's from the nineteen fifties.

Speaker 4 (01:36:06):
It was written by a guy by name of Leonard Reid,
and the story is called I Pencil, And basically it's
what the story is. It's a pencil talking talking about
his descendants, where he came from. I'm gonna lead pencil,

(01:36:28):
the ordinary wooden pencil, familiar to all boys and girls
and adults who can read and write. Writing is both
my vocation and my advocation. That's all I do. You
may wonder why I should write a genealogy. Well, to
begin with, my story is interesting, and next I am
a mystery, more so than a tree or a sunset

(01:36:50):
or even a flash of lightning. But sadly I'm taking
for granted, take it for granted by those who use me.
As if I were a mere incident and without back crowned.
This attitude relegates me to the level of commonplace. This
is a species of the grievous error in which mankind
can not too longer persist without peril. For the wise. GK.

(01:37:14):
Chesterson observed, we are perishing for want of wonder, not
for want of wonders. I pencil simple, though I appear
to be merit your wonder and awe a claim I
shall attempt to prove in fact, if you can understand me. No,
that's too much to ask of anyone. If you can
become aware of the miraculousness which I symbolize, you can

(01:37:39):
help save the freedom mankind is so unhappily losing.

Speaker 5 (01:37:45):
I have a.

Speaker 4 (01:37:45):
Profound lesson to teach, and I can teach this lesson
better than can an automobile, or an airplane or a
mechanical dishwasher, because well, because I am seemingly so simple.
Again it's written in the nineteen fifties. Simple, yet not
a single person on the face of the earth knows

(01:38:06):
how to make me. Sounds fantastic, doesn't it, especially when
it is realized that there are about one and one
half billion of my kind produced in the United States
every year again nineteen fifties numbers. Pick me up, walk
me over. What do you see that much meets the eye?

(01:38:27):
Some wood, laquer, the printed labeling, graphite, lead bit of metal,
and a racer. Just as you cannot trace your family
tree back very far, it's so it's impossible for me
to name and explain all of my descendants. But I
would like to suggest enough of them to impress upon

(01:38:48):
you the richness and complexity of my background. My family
tree begins. What, in fact is a tree cedar of
straight grain that grows in northern California and Oregon. Now
contemplate all the saws and trucks and rope, and the

(01:39:09):
countless other gear used in harvesting and carting the cedar
logs to the railroad side. Think of all the persons
and the numberless skills that went into their fabrication. The
mining of ore, the making of steel, it's refinement into saws, axes, motors,
the growing of hemp and bringing it through all the
stages to heavy and strong rope, The logging camps with

(01:39:31):
their beds, the mess halls, the cookery, the raising of
the foods. Why uncold thousands of persons had a hand
and every cup of coffee the loggers drink little break
from our friend, mister pencil. We'll be back. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot Com. We'll be back.

Speaker 1 (01:39:57):
You're listening to the Watchdog Horrible Street bringing America financial freedom,

(01:40:19):
one listener at a time. You're listening to the Watchdog
on Wall Street with Chris Markowski.

Speaker 5 (01:40:27):
Listen, listen. I get it.

Speaker 4 (01:40:30):
For many of people's a lot of bitter medicine I'm
serving up today on the program, a lot. And again
I told you on the program. Okay, I voted for
Trump both times. Was he my first choice? No, No,
he wasn't what obviously he was To me, he was

(01:40:52):
the better choice. But one of the things that we
all need to learn to do is that we again,
we need to understand that these people we vote for
are not omnipotent.

Speaker 5 (01:41:06):
They're not all knowing.

Speaker 4 (01:41:07):
They're flawed, broken human beings just like we are, and
very capable of making mistakes. And if you're you're unable,
you're unable to check power question.

Speaker 5 (01:41:26):
I don't know.

Speaker 4 (01:41:26):
I never really seem to get my arms around that. Again,
people have been listening to this program. They know equal opportunity. Basher,
I will go off on both sides. We're back to
I pencil here, and I'm gonna make a long story short.
I'm not going to go through the entire short story
in essence, it goes through, goes through, in essence the

(01:41:52):
hundreds of thousand millions of people that were somehow involved
with the making of the pencil. Some of the materials
come from Sri Lanka, and some of the materials actually
come from Italy, and some of the wood comes from here.
And what about all the tools that were used and
how they were built, and the energy and how it.

Speaker 5 (01:42:12):
Was moved, all of these things.

Speaker 4 (01:42:16):
The CEO of the pencil company has no idea how
the pencil is made. And again this is a nineteen
fifties story. Think about the world today and all of
the things that are available to us here that you know,

(01:42:38):
pushing a button at Amazon dot Com or going to
your grocery store or going to the mall or going
to Costco or whatever it may be, all of these
things are connected. Not to mention the fact, not to
mention the fact, I am I am a piece loving guy.

(01:43:02):
I am a peace loving guy. One of the reasons
why I was happy with Donald Trump is again, no wars,
keeping us out of wars, looking to get us out
of conflicts. We're constantly being told all the time again
the conventional wisdom. Over at Fox News, they got Gordon
Chang on. You know how long that guy has been wrong.

(01:43:23):
He's been wrong on China for decades, Yet they parade
him on because they continue to have to have a
boogeyman continue China's taking time on China doing this, China
do that? Okay, Okay, well I've done my You know,
I understand the history of China. Okay, to some degree.
They've never been an imperialistic power. Never never, never. When

(01:43:44):
was the last time they bombed anybody? Neither here nor there.
I understand trust but verify, But could be me calling
me crazy. Okay, if you don't think Xijianping understands that
he has a even though he's a powerful fee you're there,
he knows that he could lose power if he loses

(01:44:05):
the people. Why would you try to galvanize their people
against the United States.

Speaker 5 (01:44:11):
It would seem to me, Yeah, you want to work.

Speaker 4 (01:44:13):
Out bad trade deals, and you've got to be a
tough negotiator. I get that, But don't you think it's
much better to be doing business with other countries, to
be trading with other countries than.

Speaker 5 (01:44:28):
It is to be fighting them.

Speaker 4 (01:44:32):
I do you think you're doing business and being somewhat
reliant on other countries. Don't you think that that's somehow
beneficial might keep us out of armed conflict and having
to send young men and women off to die again.
I do, And you don't think. I also understand the argument.

(01:44:55):
You can throw any argument at me. Okay, I'm good, up,
I'm gonna be able to put Yeah, I understand. And
people say, well, you know, oh, this is a national
security concern. We need to be built. We need to
be building more ships, we need to Okay. COVID taught
us we have to have more pharmaceuticals here in the
United States. Fine, fine, you go to those companies that
do those things, whether they be shipbuilders, might be a

(01:45:17):
pharmaceutic company, say listen, we need you to be building
more plants here in the United States.

Speaker 5 (01:45:22):
If you've got to give.

Speaker 4 (01:45:23):
Them some sort of deal or tax break or whatever
it may be, you do that. We have a strategic
petroleum reserve here in the United States. If you feel
it certain amount of things to be it, well, you
know what, this is what you do. You cut deals
with those companies and you make it happen to me.
That's a hell of a lot easier to hell of

(01:45:43):
a lot better then you know again, juggling with nitro glycerin.
Gotta take a break. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com again a personal CFO program, podcast, newsletter,
all sorts of great stuff. Watchdog on Wall Street dot
com or give us a call eight hundred four to

(01:46:05):
seven to one fifty nine eighty four.

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(01:46:53):
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Here you go.

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(01:47:31):
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(01:47:51):
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Speaker 1 (01:48:11):
You're listening to the watch dog on wall streams.

Speaker 8 (01:48:22):
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(01:48:48):
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(01:49:12):
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Speaker 1 (01:49:31):
Taking wall streets, liars, crooks, and sheets out behind the woodshed,
and you're listening to the watchdog on Wall Street.

Speaker 5 (01:49:43):
Another thing, another thing. You're hearing this all over social media.

Speaker 4 (01:49:48):
We voted the diald trumps agenda. Congresses they should just
pass whatever he wants to do and they should just
get out of the way.

Speaker 5 (01:49:58):
So you really don't like the United States, then, right?

Speaker 1 (01:50:04):
No?

Speaker 4 (01:50:04):
Mirco love the USA.

Speaker 5 (01:50:06):
No, you don't.

Speaker 4 (01:50:09):
You obviously don't like what this country is all about.
You obviously have no understanding of what the Constitution.

Speaker 5 (01:50:20):
Is there to do.

Speaker 4 (01:50:23):
You talk about a brilliant document. Talk about a brilliant document.
The founders of this country, founders of this country understood
the need to check power, and that's what the Constitution does.

(01:50:46):
We're supposed to have three equal branches of government. I
quite frankly, I don't care. I don't care if it's
a Democrat. I don't care if it's a Republican. I
don't like executive orders.

Speaker 5 (01:51:04):
I don't.

Speaker 4 (01:51:06):
There's a reason why we have Congress. Congress, and it's
their fault. They've decided that, Hey, you know what, we're
going to be influencers. We're just gonna hold hearings that
go nowhere and nothing is done, and we'll create videos
and we'll post them on YouTube, and then we'll try
to raise money.

Speaker 5 (01:51:25):
Not all of them, but most of them.

Speaker 4 (01:51:29):
How often did I go off on the program about
the executive branch of government and all of the acronym
agencies out there that do the legislating here in this country,
acting as judge, jury, and executioner. That's the executive branch
of government. That's what we have to cut down. And
Trump was looking to do that. But Congress has the

(01:51:52):
power to tax, and a tariff is a damn tax.
And when you go send a Navara out there telling
us there's some sort of economic emergency, economic emergency, the
economic emergency that we have has nothing to do with tariffs,
has to do with the fact that.

Speaker 5 (01:52:09):
We can't rain in spending.

Speaker 4 (01:52:14):
And this is one my excitement in the early parts
of this Trump administration with Doge and going in and
finding all of the waste and the fraud and all
the crooked crap that has been taking place for years
and years and years that we've highlighted. Rand Paul Is highlighted,
Tom Kober and used to highlight. Others like Steven Moore

(01:52:35):
used to do it as well. This was awesome, this
was great, and these are things that quite frankly, Congress
should be writing into the budget and cutting all of
the spending which they're not doing. But when Congress doesn't
do their job and check the president and his power,

(01:52:59):
that's a proper people that you basically want a dictator.
You don't want you don't want the constitution. You want
to completely different America. You're no different. You're no different
than Thomas Friedman, the left wing guy, you know him,
Thomas Freeman from the New York Times.

Speaker 5 (01:53:17):
I brought this up before, never forget it, doing.

Speaker 4 (01:53:20):
An interview on uh, Meet the Press or something like
that and talking about the wonders of Obama and man
oh Man, wouldn't it be great if Obama had the
power that the like China had the Communist Party had
to do whatever he wanted. No, that's a problem, people.
This is why we have a constitution, This is why

(01:53:43):
we have rules and laws.

Speaker 5 (01:53:46):
We used to have a Congress.

Speaker 4 (01:53:48):
We need one that actually will stand up for themselves
and what's right for the country. Watchdog on Wallstreet dot com,
watchdog on wallstreek dot com.

Speaker 5 (01:53:58):
We'll be back.

Speaker 4 (01:54:00):
Introduced myself said, you're a Liah said, I got it going.

Speaker 1 (01:54:05):
Chris Markowski is the watch dog of Wall.

Speaker 4 (01:54:07):
Street, my queen, if you know what I mean.

Speaker 1 (01:54:25):
This is the watch dog on Wall Street.

Speaker 4 (01:54:31):
Hey, I tell you what I really think. Yeah, people,
if you honestly think that I take any sort of
great happiness in going off on the president of the
United States who I voted for, you're crazy, I don't,

(01:54:53):
but I'm going to do it.

Speaker 5 (01:54:56):
And I again, I challenge have you out there.

Speaker 4 (01:55:00):
You're angry, angry with me, angry with Okay, what did
I say that wasn't true? What did I say that
wasn't accurate?

Speaker 5 (01:55:17):
Again?

Speaker 4 (01:55:17):
I do this program. It is a labor of love
for me. I love my listeners, I love my clients.
I'm always acting. That's my job as a fiduciary. I
put your interests above my own. But quite frankly, when
it comes to the country, all of our ships should
be sailing in the same direction. And you have to

(01:55:43):
get off of this idea that whoever you voted for
is the greatest of all time and there's some sort
of they're infallible. No, I say this all the time.
I re mind my kids. I say, you know, a
true intelligence comes when you don't know, you understanding, you

(01:56:05):
don't know what you don't know. I tell my kids,
I said, you know, I was man, oh man, was
I an idiot at forty five, and I was even
dumber thirty five, and even dumber at twenty five. You know,
learn more and more and more, and this sum again,
I do understand the politics of the entire thing, and

(01:56:27):
I understand the Trump and the Trump machine there. They're
going to try to spin this as some sort of
big win, and that's what they've been doing with all
of their sickophants on other networks. But again, this is
you know, it's why you have to put yourself in
the know. You have to do homework in life. You
have to stop relying upon the mainstream media. You are

(01:56:49):
gonna be fed garbage information from Fox News, You're gonna
be fed garbage information from MSNBC. They're the same channel.

Speaker 5 (01:56:59):
For Crying out Loud.

Speaker 4 (01:57:01):
In essence, they're the same, They did the same business model.
You need to question everything for crying out loud. It's
a great line. This past week, Ray Dalyo said it,
and he was spot on. He was spot on it.

(01:57:24):
It's true, it's unfortunate. And again I talk about social
media and the hordes on social media, and he sent
you the amount of people out there that again that
they sign up, they signed Oh, I'm going to be
a conservative influencer, and they get followers and they go
out there and they push this agenda. It's funny. It's

(01:57:45):
a controversy here in the state of Florida. Somebody's conservative
influencers are now getting paid by tort attorneys to push
some bill that the Democrats want. Because again, like I
said earlier, that's their job. That's their job, and it's awful.

(01:58:07):
I don't know how you live with yourself. I don't
know how you look yourself. And people do it and
they're capable of doing it.

Speaker 5 (01:58:13):
Again.

Speaker 4 (01:58:13):
Ray Dalio nailed this problem when it comes to social media.
Fifty four percent of American adults read below a sixth
grade reading level.

Speaker 5 (01:58:28):
Get again.

Speaker 4 (01:58:29):
With social media, they can analyze and they can opine
on everything. And I called that social media back and
when first started up with MySpace and all that garbage
back in what two thousand and four or five six
somewhere around there, I equated it to the pink slime
from Ghostbusters, to the negative energy that was going under

(01:58:51):
the streets of New York that got everybody arguing and
fighting with one another. And it turned out that way,
and I do I wish I wish the president again.
He's got his own style. And I've known this, known this,
and I still voted for him. But don't don't say
things that are just patently not true. Don't don't don't

(01:59:17):
come out and say that the European Union was formed
to stick it to the United States. It was it.
It wasn't formed to stick it to the United States.
It was put together after World War Two in order
to foster economic cooperation on Europe, in order to try

(01:59:40):
to prevent future conflicts. They went through two World wars
for crying out loud. Started with the European Coal and
Steel Community. Then it involved to the European Economic Community.
I went to a myriad of different things. He ended
up with the Master Treaty back in nineteen ninety two,

(02:00:01):
and that's when the EU was created, and eventually you
had the currency and a myriad of other things. That
wasn't designed to stick it to the United States. It
has gotten itself out of control where the regulations have
become so ridiculous and the people there in Europe are
pushing back against the control from Brussels that all their

(02:00:23):
nonsensical regulations. But no, it wasn't designed to do that
anyway quickly, quickly going to change tact on this again.
I'm critical of all sides here. It's amazing right now,
and again it just just shows you just again have
to talk about ethical bypass at birth. Are you seeing

(02:00:46):
all of these books that are coming out now about
the end of Biden and the Biden cover up and
all of these stories and how all everybody knew, I
mean you knew. We talked about it here on the
program if you were paying attention, it was plain as
day amazing to me. These people that they call themselves

(02:01:07):
journalists are supposed to be honest. All these people that
covered this up are now going that didn't do their
job covered it up, are now gonna make money selling
books about the cover up that they helped engineer. Again,

(02:01:30):
God bless everyone. God bless have a wonderful Palm Sunday,
Holy Week, Start and up, get prayed up. Watchdog on
Wallstreet dot com, Watchdog on wallstreet dot com.

Speaker 5 (02:01:42):
We'll see it.

Speaker 1 (02:01:45):
You're the sting to the Watchdog on Wall Street

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Watchdog on Wall Street: Podcast for Weekend of April 12 - April 13 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 12 - April 13 2025