Watchdog on Wall Street: Podcast for Weekend of July 26 - July 27 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
to answer exposing the lines and myths that the big
brokerage firms, the mainstream press, and the government are pushing
to keep Americans away from financial freedom.

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

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

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

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

Speaker 4 (00:44):
Holy snipe, We've got another crisis on our hands. Here,
another one.

Speaker 5 (00:51):
It's just the same crisis that we get five times
a year, maybe more, every year for the past thirty
years since I've been doing this program, since I've been
in the business.

Speaker 4 (01:01):
It's another retirement crisis.

Speaker 5 (01:04):
Yep, with uh without vail light, clockwork, media newspapers, constant stories.

Speaker 4 (01:11):
Here's another one.

Speaker 5 (01:12):
Nearly one in four Americans over fifty our delaying retirement
due to economic concerns. Wow, Where have I heard that before?
Where have we talked about that before? What have I
written about this before?

Speaker 4 (01:27):
Here?

Speaker 5 (01:27):
Here goes Older Americans are kicking a can down the
road on retirement or concerns about the economy and their
own financial readiness to step back from work.

Speaker 4 (01:38):
New survey that's out, Yes, yeah.

Speaker 5 (01:41):
Twenty three percent of those polls have already decided to
delay their retirement as they grapple with questions about their
financial readiness, up from fourteen percent and twenty twenty four.
And I can go on and on and on, YadA, YadA, YadA.
Another survey.

Speaker 6 (01:56):
What have we told you here on the program when
it comes to retirement in the entire construct in of itself,
it's pretty much ridiculous as far as I'm concerned.

Speaker 5 (02:09):
Again, I know it's conventional wisdom. And what do we
tell you about conventional wisdom here on the program. Conventional
wisdom is poison. Actually, looked it up. I said, we've
talked about retirement here in the program in the modern sense,
the modern sense. It was actually started in Germany. She

(02:31):
started in Germany eighteen eighty nine, Otto von Bismarck. He
started the world first social security program. And you know
the funny thing is, this is eighteen eighty nine. This
guy was a genius. He's like, I'm gonna give away
free stuff if you're seventy and older. You know what
the mortality was back in eighteen eighty nine Germany the
retirement age was seventy, then seventy then, so how many

(02:55):
people do you think actually got it? And then you know,
moved on to the UK they started THEIRS in nineteen
oh eight, and then of course we started ours in
nineteen thirty five. Guess what, kids, you're living longer and
you're living healthier lives. There's somebody alive today that's gonna

(03:16):
live to one hundred and twenty. That's just the reality
of the situation. So you think you're gonna be able
to enjoy three four decades of retirement.

Speaker 4 (03:28):
What exactly are you going to do over that period
of time?

Speaker 5 (03:33):
I mean, I like the fish too, but you gotta
go fishing every day.

Speaker 4 (03:37):
You're gonna go.

Speaker 5 (03:38):
Golfing every day. Do you think it's healthy? I'm here
to give everybody a bit of a wake up call. Okay,
the entire business, the entire industry in of itself, the
whole retirement industry, the Wall Street constructs, all of these
things that they put up. Do you think it's good
for you?

Speaker 4 (03:55):
I'm just I'm being honest again.

Speaker 5 (03:59):
I've been doing this for very long period of time.
And we were the ones. We were the ones that
we were kind of ridiculed. You know when we put
this out years ago, when I talked about, Okay, listen,
I get it, I get it. You get tired of
a certain career. You've been doing it for twenty years,
thirty years, whatever it may be. You want to step back.
You want to step back, do a little sabbatical, take

(04:19):
a year off, but then go back and participate in society.

Speaker 4 (04:24):
That is a major problem that we have with this country.

Speaker 5 (04:27):
We say, oh, oh, jay ways, you know you have
sixty two, you have sixty five.

Speaker 4 (04:31):
That's it.

Speaker 5 (04:31):
We're putting you out the pasture. Go live in the villages.
Go live in the villages, free base, viagra, go around
and you know, drive your golf cart around.

Speaker 4 (04:41):
You think that's good, You think that's healthy. No, it's not.

Speaker 5 (04:47):
You know that the healthiest clients that we have are
the ones that stay engaged.

Speaker 4 (04:52):
And we talked about this.

Speaker 5 (04:53):
We talked about living your life like every week is
Thanksgiving week, right, Beth, Thanksgiving week is awesome. Three days,
three days of work. Yeah, you chow down on Thanksgiving.
But ever know what he does anything on Friday, and
think about how much more you're going to be able
to do. Think about what we could do as a society.
I've talked about this in terms of education. Okay, you

(05:17):
got a job, you're working at Pfeiser, and you're a
chemist at Pfiser, and you know you put in your
twenty five thirty years and that's it.

Speaker 4 (05:25):
You've had enough, take a year off. Why not?

Speaker 5 (05:29):
Why not as a society we say to ourself, well,
this guy's a chemist, he worked at Pfiser for thirty years.
Why don't we put him in a high school classroom
and have him teach chemistry.

Speaker 4 (05:38):
He just wants to do one class a week.

Speaker 5 (05:41):
How maw many people took chemistry class back in high
school and had some twenty year old that basically had
no idea what in God's creation they were doing. They
weren't a chemist in the first place. They got an
education degree. What would you rather have your kid learning
chemistry from an actual chemist that's actually been there, done that,
or somebody with an education degree that's being told that
they got to teach chemistry. You don't put people out

(06:07):
to pasture. They have to take a look. I mean,
take a couple of steps back.

Speaker 4 (06:14):
This question. Does Mick A. Jagger need any more money?
I don't think so. Man.

Speaker 5 (06:20):
Was he seventy years old and he's on tour. Warren Buffett,
Warren Buffett stepped back from his CEO duties for crying
out low, but he's still working there. Charlie Munger worked
till he was one hundred at that company. There's no
need for this. And I see it more and more
and more because again that the article's not wrong. Okay,

(06:44):
the article's not wrong. People haven't been preparing properly. Their
portfolios have been an absolute disaster because financial advisors all
around the country. So we gotta do a sixty to
forty portfolio and this is the way it's supposed to be,
and we got to put it into our algorithm. Really, really,
how's that worked out? Do you really really want to

(07:08):
retire and then say, you know, I gotta get the
blue light special, I gotta start going out to dinner
at four o'clock because I gotta save money.

Speaker 4 (07:14):
Do you really want to deal with money concerns? Why
would you do that? And I know I know people
out there, what.

Speaker 5 (07:21):
You always are roofers and people have to do these
labor intensive works.

Speaker 4 (07:25):
I get that too. I get you can't do that forever.

Speaker 5 (07:29):
I understand the physical limitations of the human body, especially
in certain fields. But don't tell me you don't have
anything to contribute. We shouldn't, We shouldn't have people like
that working in trade schools teaching kids how to do
these these various different fields. No, no, I would say

(07:49):
the entire retirement experiment here in this country has been
an absolute disaster, an absolute disaster. I don't think it's
been healthy for societ at all. I think it's a
bit of a death sentence for crying out loud. I
get it that there's the exception out there, and trust me, Okay, okay,
if you don't want to work anymore, make sure at

(08:10):
least you're donating your time, you're volunteering at your church,
You're keeping your mind active, you're keeping your body healthy, because,
like everything else, it is just gonna actually, your mind
is going to is going to go in the opposite
direction unless you are using it. The same thing, same

(08:31):
thing with your body, The same exact thing is going
to happen. Story after story, year after year after year.
We see these things and we talk about them here
on the program. What do we tell you? That's basically
our philosophy at Markowski Investments. I don't even like the
phrase all new listeners out there, Okay, I don't like

(08:54):
the phrase financial planning.

Speaker 4 (08:56):
I really don't.

Speaker 5 (08:57):
I really know it's not it's not about planning. Okay,
I'll say this again. You've heard this before. You want
to make God laugh, Tell them your plans. You want
to make God laugh, Tell them your plans. What we
do here is we build wealth. Why do we build wealth? Well,
we understand. We understand. Time is your most important asset

(09:22):
that you have. And I'm a big believer in that.
I'm not a big Believer's just me. Everybody's different. I'm
not a believer in stuff. Okay, I'm a big believer
in experiences, doing things with my family, doing things with
my friends, being able to get away, and that that's important,
that's important, That that's what you want to gear yourself towards.
Not to mention the fact you also want to be

(09:42):
able to take advantage of what life throws at you.
That's what financial preparation is all about, being able to
take advantage. This is why we focus so much on
the fundamentals and building wealth. So you can take advantage

(10:03):
of all these things. And you know what the funny
thing is is it's applicable to every bloody thing in life,
everything in life. I've discussed this here on the program.
You want to look at the greats in anything, go
back and watch, you know, videos of Larry Bird working
on layups and free throws. The same philosophy that I

(10:24):
have when I coach kids in sports. Fundamentals, fundamentals, fundamentals,
why okay, so you can take advantage when you're on
the field of play, whether it be in business, whether
it be in sports, or anything else in life, and
you are going to be able to succeed.

Speaker 4 (10:41):
Setting up your life. Yeah. I laugh at this all
the time. Yeah.

Speaker 5 (10:45):
Kids, kids sit down at their their first job on
I recent college grads out there, and you know, they
get some job and then the well the yocal local
broker from Merrill Lynch with the four or one K
plan comes in there and he's got those little questionnaire. Okay, well,
when do you plan on retiring here? You're gonna put
some sort of date down. What you're asking a twenty

(11:06):
two year old when they're gonna check out, why would
you do that, And why would you ever want to
set your life up in such a way where you're
saying to yourself, Hey, you know what, at this date,
this date, I'm gonna retire what. No, No, you live
every day to the fullest, and you take advantage of

(11:26):
every single opportunity that is presented to you. You do that,
you know what, You're gonna live a very very full life.
This whole idea, and it's a great business model. I
mean you think about you, all the big firms out there,
all the mutual fun companies over the years, all the

(11:46):
accounts that they that they put out there, and hey.

Speaker 4 (11:49):
Listen, I do it too. I max out all my
qualified plans. Why not? Why not? You know what's gonna
happen with those qualified plans. I'm gonna give you my kids.

Speaker 5 (11:58):
Someday I'm not gonna need them, tell them I gonna
need them four take advantage of for tax purposes. I
enjoy what I do, and I agree, I get it.
Not everybody's gonna absolutely love what they do and love
their job. And this is why, you know what, You
get to that point when I'm tired of fine, then
go find something else that you want to do. But
the idea that you have to check out at some

(12:19):
point in time, why it makes no sense, never has
to me. Again, everybody's different, everyone's unique. But man, oh man, Okay,
if you're planning on it. If you're planning on it, man,
you better have saved a ton of money. You better

(12:41):
save a ton of money, because we all see how
expensive everything is.

Speaker 4 (12:46):
Prices aren't coming down.

Speaker 5 (12:49):
There's one of the biggest waves of accounts that we
get in here, people who are retired that are flipping
out because they don't have enough. And to younger people
out there, I think again, I'm giving you my opinion.
You could tell me to take a long walk off
a short pier, aren't it. I'm retiring, I'm fine, okay,

(13:11):
but make sure you're ready.

Speaker 4 (13:14):
That's what we're here for. I'm gonna take quick break
right here. Again.

Speaker 5 (13:19):
Remind everybody, okay, we're here to help everyone out. I
make this perfectly clear every single week no velvet Rope
at Markowski Investments. I don't have as some obnoxious bouncer
at the front door asking if you have ten million
dollars to work with us. We help everyone get to
our website, Watchdog on Wallstreet dot com. That's Watchdog on
Wallstreet dot com. Sign up for our personal c f

(13:43):
all program. That's what we're here for. We're here to
help you. Also sign up for our podcast newsletter All
sorts of great Stuff Watchdog on Wallstreet dot com. We
also have a twenty four hour day help hotline eight
hundred four seven one fifty nine eighty four watch Dog
on Wallstreet dot com.

Speaker 4 (14:00):
We'll be back.

Speaker 1 (14:18):
You should believe in math not magic. You're listening to
The Watchdog on Wall Street with Chris Markowski.

Speaker 5 (14:29):
Ye, back everybody it is that wasn't the only the
Watchdog on Wall Street. Yes, I am Chris Markowski. We
have the longest running financial program in the country. Twenty
five year's big anniversary year for us here on the program.
They gave us a participation trophy. No, they didn't do that,

(14:50):
but anyway, anyway, I actually did a deep dive. I
did did a deep dive and looked throughout history in
regards to retirement plans in history, and the closest thing
we could come to a retirement plan is actually the
Roman legions. And it wasn't even it wasn't even a
retirement plan. They get they would get a land grant.

(15:13):
They would get a land after twenty years of military serve.
I think it's a great idea. We should do that
here in this country. Twenty years in the military. You know,
they should get, you know, a piece of land. It's fantastic.
It's a Roman Empire used to do. And actually medieval Europe,
Medieval Europe. And again you got to think about the
hard labor that they had to do back at that

(15:36):
point in time when they couldn't do anymore.

Speaker 4 (15:37):
You know what they did. They went and they worked
for the church.

Speaker 5 (15:40):
They weren't work at monasteries and things like that, but
remained active.

Speaker 4 (15:46):
It's important. Anyway, I got a kick out of this
again newer listeners.

Speaker 5 (15:55):
I explained my longtime listeners and people that have been
following Markowski investments prior to this radio show for over
thirty years. They understand that we lead, everybody else follows.
Everybody else follows. And again, you know what philosophy, same
thing folks over Berkshire, Hathaway, Druggon, Miller's in the world.
You know, we don't have any magic algorithm or anything

(16:18):
like that. We don't go into any fads, but the
same thing we've been teaching everybody. Now all of a sudden,
is in vogue, in vogue. You've got ah, you got
you know, the Rick Edelman's of the world, and now
you know some of the some of the McDonald's brokerage
firms out there, the you know, the Fishers, the Amor Prizes,

(16:41):
the Raymond James Edward Jones.

Speaker 4 (16:44):
Is out there.

Speaker 5 (16:45):
They're starting to get on board what we've been telling
people to do for decades, which is, uh, you can't
have a sixty forty portfolio. It makes no sense. You
want to and this is if you want to retire.
This is you want to retire, you you know you
want to check out at sixty two or sixty five.
If you've done that. If you've done that, then you

(17:07):
know what you're in trouble. You just don't have enough saved.
And the past several weeks we've talked about this a lot.
We talked about stagflation, and again we predicted all of
this years ago, seeing the type of money that the
government spends, seeing people's buying power, spending power, basically going

(17:31):
to toilet.

Speaker 4 (17:32):
I mean, it's really gotten bad over the past five years.

Speaker 5 (17:35):
But if you really want to go back back to
when you know, the last time, you know, the government
kind of ran a ser plus to go back to
two thousand, you know, and we've lost what since that
point in time, almost almost fifty percent of our buying power.
I mean, get your arms around that person. He lost
almost fifty percent of your buying power over the past

(17:56):
twenty five years. Yet these same investment firms out there,
are you gonna do it this way and this is
what the computer model tells us to do.

Speaker 4 (18:07):
And how's that worked out for you? How's it worked
out for you?

Speaker 5 (18:13):
One after another after another, person after person individually behind
the eight ball. And you know what happens when when
people get behind the eight ball and they realize, well,
then they get.

Speaker 4 (18:24):
Desperate, they make poor choices.

Speaker 5 (18:28):
Rather than say to themselves, you know, you know, maybe
I'm going to retire, but maybe I'm gonna have to
work a little bit, what they do is is they
take on ridiculous risks in their portfolio. This is and
again the con artists are well aware of this. Yeah,
you see all these retirement crisis stories out there. Do

(18:49):
you understand all of the liars, crooks and sheets out
there are licking their chops saying oh boy, yeah, yeah,
these people are gonna be de print and we can
offer them something we can. We can say, oh, look
at this annuity, and look at this bonus we're gonna
give you in this annuity, and look it's gonna be guaranteed.

(19:10):
And and people don't read the fine print and their
funds are locked up. I get a kick out of
that commercial the other day somebody, oh, he's got a
seventy five percent bump as soon as you sign.

Speaker 4 (19:24):
On, right, sure you are, sure you are?

Speaker 5 (19:29):
Because they know you can't take that money out, can't
take that money? Why not make it a why why
not make it a two hundred two hundred percent bump?
For crying out loud, you're only letting them take out
X amount of dollars and you know at a certain
point in time they're not going to be here. Listen
to people that there's the right way of doing things

(19:49):
and a wrong way of doing things. There's no short
cuts in life. But what is our motto here? What
have we been saying for twenty five years on air?
Everything in life that has meaning, value and worth involves work,
time and effort. Become a part of our family at

(20:12):
Markowski investments. Let us take a look at your portfolio,
make sure.

Speaker 4 (20:17):
You're doing the right things. Get there.

Speaker 5 (20:19):
Sign up for our personal CFO program. Watchdog on Wallstreet
dot Com is our site.

Speaker 4 (20:25):
Watchdog on Wallstreet dot.

Speaker 5 (20:26):
Com or give us a call eight hundred four seven
one fifty nine eighty four.

Speaker 1 (20:37):
This Markowski is the Watchdog of Wall Street, bringing America

(21:01):
financial freedom one listener at a time. Your list into
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (21:10):
Little old school def Leppard high School party.

Speaker 5 (21:14):
Tune for me as I date myself. Welcome backy budd,
It is the Watchdog on Wall Street show.

Speaker 4 (21:22):
You know I again.

Speaker 5 (21:24):
This is a story we talked about all the retirement
crisis stories. I've done this countless times here on the
program as well. This is what you need to know
about the current state of the investment world, the big banks,
the big brokerage firms, and the relationship with you.

Speaker 4 (21:46):
And again, this has been going on for decades.

Speaker 5 (21:50):
Too big to Fail equals get out of jail free.
Every year every year Finra a regular They make us
take continuing education classes. Now I wouldn't mind doing it
if I was actually learning something every single year, but
every single year it's pretty much the same crap, which

(22:13):
is anti money laundering provisions what to look for, Like
we hear at Markowski Investments, don't know ohg you know
the Pablo Escobar types want to open up an account,
like I'm not gonna know where they're getting their money from.
For crying out loud, it's not that difficult, it really isn't.
But year after year, Wow, for some reason, these big

(22:36):
brokerage firms out there, especially with all the resources that
they have and compliance officers, they can't figure it out.
They can't figure out who the bad guys are.

Speaker 4 (22:48):
Here.

Speaker 5 (22:48):
Again, Morgan Stanley's screening of wealth management clients draws more scrutiny. Yes,
they're being probed by FINRA over whether the Wall Street
giant properly vets its clients for money laundering risks. The
probe by Wall Street self regulator focuses on the firm's clients,

(23:09):
risk ranking, and other practices from October twenty one through
September twenty four. Listen, okay, let me explain to you something.
They will do business with anyone because they can there's
no repercussions for their actions. Do you understand that all

(23:30):
of these big brokerage firms out there. They are omnipotent.
You know what that means. You can't kill them. They
can do whatever they want. I want to go back
in time, go back in time. This was under the
Obama administration. Do you remember his Attorney General, Eric Holder.

Speaker 4 (23:53):
Eric Holder was.

Speaker 5 (23:54):
Actually asked was actually asked about why why come you're
not going after these big and all this criminalities? Like
sub basically paraphrasing here, excuse me. He basically said, how
can I do that? The the I can't go after
these big firms. It's economic calamity.

Speaker 4 (24:14):
Can't do it. And you don't think that these big
firms know that.

Speaker 5 (24:20):
So what's going to happen in this case with Morgan
Stanley is the same thing that happens in every single
case with every big brokerage firm with every single time
they do something wrong, every single time they break the law,
every single time they screw over another American, another institution,
whatever it may be, they.

Speaker 4 (24:38):
Pay a fine and they walk away. That's it.

Speaker 5 (24:44):
They pay a fine and they walk away. They have
unlimited get out of jail free cards. Now listen, why,
I'm just out of curiosity. Why would you why would
you work Why would you work with the firm? Why

(25:05):
would you do business? Why would you let a firm
one of all these these these firms like that? Why
was it to manage your money knowing this, knowing that
they could stick it to you at any point in time,
and no big deal?

Speaker 4 (25:18):
What do we care? What do we care? No big
what do you do to us? What was that? That
was this? That Denzel Washington? There was it the movie
Training Day.

Speaker 5 (25:30):
King Gong Ain't got nothing on me that you can't
do anything to him.

Speaker 4 (25:36):
They'll pay the fine and they'll walk away.

Speaker 5 (25:38):
Listen, Okay, if you're one of the guys, you're one
of the their top clients there, you know you you
got a fifty one hundred million dollar plus account that
you're not They're not going to screw you over. They're
going to take care of you. They're the clientele that
you want. But if you're not there, you're a number.
You're a number.

Speaker 4 (25:58):
You don't matter.

Speaker 5 (26:01):
These firms will do business with drug dealers, still do
business with terror.

Speaker 4 (26:05):
They don't care.

Speaker 5 (26:07):
I remember talking about this when isis isis was all
the rage. Remember back when Obama was calling them the
JV team, and we talked about this here on the
show We actually Got a hold Isis actually put out
an annual report showing all of the businesses that they
were involved with, from antiquities, dealing.

Speaker 4 (26:29):
All sorts of stuff. And I said, how can you
not catch these guys?

Speaker 5 (26:34):
They have bankers, they have bankers, they're putting money.

Speaker 4 (26:38):
Into the system. How can you not catch them?

Speaker 5 (26:43):
Maybe maybe don't want to. Maybe don't want to. Maybe
that that was the answer. May maybe I didn't really
want to know the answer. But what else could you
come up with? We covered HSBC several years ago they
were open expanding their teller windows in Mexico so the
drug dealers could bring in duffel bags full of money.

Speaker 4 (27:06):
Really, you didn't know where that came from.

Speaker 5 (27:10):
Oh yeah, that came from the taco truck there in Tijuana. Right,
come on, man, it's right there, it's in plain sight.
And again, you know, it's part of the nice cozy
relationship between Washington, DC and the big banks. Oh yeah,
every now and then you'll catch us on something, we'll

(27:31):
pay a fine. You know, it won't get reported in
any of the mainstream press. Yea, it'll make it to
the Wall Street Journal. But how many people actually read
that we move on. We run commercials on TV showing
everybody how soft and cuddly and awesome we are.

Speaker 4 (27:44):
What a load of bunk.

Speaker 5 (27:49):
Gotta take a break? Watchdog on Wallstreet dot Com. Watchdog
on Wallstreet dot Com.

Speaker 4 (27:53):
Tired of working with the crooks, Well that's you know.

Speaker 5 (27:55):
You can get to our website Watchdog on Wallstreet dot com,
sign up for our arsenal CFO program all sorts of
great stuff Watchdog on Wallstreet dot Com, or give us
a call eight hundred four seven one fifty nine eighty.

Speaker 1 (28:08):
Four Tiki Wall Streets Liars, crooks and cheets out behind
the woodshed. You're listening to the Watchdog on Wall Street.

Speaker 5 (28:39):
Welcome back, ohld Genesis, Welcome back. It is the Watchdog
on Wall Street Show.

Speaker 4 (28:44):
Yeah.

Speaker 5 (28:44):
I was asked this question. I've been asked a question
a lot like aren't you afraid of being food? You're
going after all these big firms. I've never said anything
here on this program that was not true. What are
they going to assume me for reporting facts? I suppose

(29:08):
they could. I suppose they could, but reality is that
would just draw more attention to the story. And I've
explained this before. How how the system works. Yeah, you can.

Speaker 4 (29:22):
I do.

Speaker 5 (29:22):
I get the press releases from FINRA, from the SEC.
You know, the story in regards to Morgan Stanley and
money laundering and the things they're doing. It's not on
the front page of the Wall Street Journal. They report it,
But how many people actually read the Wall Street Journal.
I mean, everybody knows what it is. Not many people
read it. Not like you're going to see this story
on CNBC or Fox Business or any network out there.

(29:48):
The same thing helps you all the financial shenanigans and
scams from the dot com eric more recently, more recently
with the all the all the disruptor companies back there
during COVID and all the the SPACs and all the nonsense,
and the American people getting ripped off, insurance companies with annuities,

(30:12):
all of the things that we have reported on.

Speaker 4 (30:16):
We're the only one were it nobody else. Why do
you think that is? Why? Why do you think that is?

Speaker 5 (30:28):
Well, you see all of these companies, all of these
companies spend decent amount of money advertising. Do you ever
notice you never notice advertisements for the big firms out there,
insurance companies, big banks. Everyone realized there's no real call
to action there. It's just some fluffy commercial that they

(30:50):
put out. And I made fun of these over the years,
some of these commercials, Oh my god, oh, the the
uh the stockbroker at the wedding.

Speaker 4 (30:59):
Oh, why don't you talk to Danda?

Speaker 5 (31:02):
I mean the bs that they put out. You do
understand that by spending that money, they're just buying themselves,
you know, good good editorial content, guaranteeing, guaranteeing that there's
not going to be any bad stories being run on them.

Speaker 4 (31:20):
And if you don't believe me, why.

Speaker 5 (31:23):
Don't you take a look because we have at their
contracts for their advertising. If you're planning any negative coverage
of said firm, pull all of our ads.

Speaker 4 (31:33):
Yeah, all the news that's fit to be bought. Kids.

Speaker 5 (31:38):
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com.

Speaker 1 (31:42):
Back, you're listening to the Watchdog on Wall Street. This

(32:03):
is the Watchdog on Wall Street.

Speaker 5 (32:11):
Welcome back, everybody.

Speaker 4 (32:14):
All right. You know funny thing about this show.

Speaker 5 (32:19):
My my interns came into the the radio station today
to watch me do the show and ask questions and
they see, you know, they're helping me out right now.
They're helping me out with my social media presence.

Speaker 4 (32:31):
Yeah, I'm going on.

Speaker 5 (32:32):
I'm going on to the TikTok and onto Instagram, and
they're you know, no, I'm not taking pictures of myself
at the gym or anything nonsensical like that. Post a
little videos here and there. You gotta you gotta do,
we gotta. I guess roll with the times, uh to
some degree. But I explained to them, you know, I
do a ton of homework every single week. Obviously, we

(32:53):
we do our podcast every day covering the stories.

Speaker 4 (32:56):
Uh.

Speaker 5 (32:56):
I come into the studio and I really don't know
what direction I'm gonna end up in. I really don't.
I I you know what, how whatever the mood takes
me at that point in time. I mean, yeah, I
want to hit on certain things. But then, you know,
today we're talking, I know a little bit about financial

(33:17):
scams and ripoffs, and.

Speaker 4 (33:18):
It used to be something we do all the time
here on the program.

Speaker 5 (33:21):
I haven't really done it that much because I get
I got admit, I get frustrated. Get frustrated because you know,
we warn people about things. And I've mentioned before it's
my little Sissaphian battle that I have where I'm pushing
a rock to the top of the hill and it
keeps rolling back down on top of me.

Speaker 4 (33:38):
People choosing not to listen.

Speaker 5 (33:41):
We warn people about the dot com scam, told them
what was going to happen during the financial christ, warn
people about made Off, but it's it not even that.
It's small advisors and insurance companies. People will call me
up and I want them to or they'll they'll reach
out to us, sign up for a personal CFO program,
and it's almost that they want us to valid the
decisions that they're making. And when we tell them that

(34:03):
they're going to lose and they're going to get hurt,
they argue with us. And you know, I have to
you know you have to. I have to bite my
lips sometimes and I don't yell, I don't get in.
I said, you do realize that we're the foremost in
this industry. Okay, we knew about made Off before the

(34:23):
SEC did we knew about all these things? We've called
it all over the years. You call me up, you
want me to research something for you. We tell you
you're gonna get you're gonna get ripped off. You get
telling you're gonna get scammed, and then you don't listen.
Yeah again, we're all you know people parents out there.
You know that with your kids, you know, you try
to explain to them that you have a you know,

(34:44):
basically an instruction manual about life, and you get frustrated
when your kids don't listen to you and they make
silly mistakes when they don't have to. But in my case,
I know, I know, so I gotta leave a conversation.
But your stuff in my shoes. I gotta leave conversations
with people, and and my brothers knowing that someone is

(35:06):
going to get wiped out because they've chosen not to listen. Anyway,
here's the story. Sorry, I wanted to share with you.
This is it's problems in getting our show out. You know,
when people will calls one, I appreciate that going. You know,
your show's not on that station anymore.

Speaker 4 (35:25):
You want to know why?

Speaker 5 (35:27):
Comes some local YOKL broker or stock scammer wants to
buy wants to buy a time on that program, and
they tell the station we're syndicated program. They tell the
station you got to take Markowski off the air and
then we'll give you money and then you can put
our show on. And of course the little program directors
are greedy at these radio stations and they say sure,

(35:51):
And I call up and I say, you do know?
You do know that the people that are listening to
the show are going to lose money, right and they
they could care less, you know, ethical bypasses at birth.
They don't just exist on Wall Street, Okay, they don't.
They're everywhere everywhere.

Speaker 4 (36:09):
Here.

Speaker 5 (36:09):
Here's a radio show in Texas, Texas that we warned
people about. I was on KTSA and San Antonio. Yep.

Speaker 4 (36:19):
Now I can't play to Watchdog on Wall.

Speaker 5 (36:21):
Street show because we got to let the Texas Financial
Advisory radio show on the air. Yeah, how'd that work out?
How'd that work out for your listeners? Those guys ran
a Ponzi scheme and lost millions upon millions of dollars
for the clients, Millions upon millions of dollars for their

(36:44):
clients in this case, the radio station.

Speaker 4 (36:48):
They allowed this show on the air. Again.

Speaker 5 (36:50):
How many times in twenty five years have I done
the same exact story?

Speaker 4 (36:59):
Listen again, I gotta give you a bit of advice.

Speaker 5 (37:03):
Bit of advice out there and how to protect yourself
from ripoffs and scams. Okay, they use two different different
ways of baiting you. Okay, greed and fear. Greed and
fear set the trap every single time. Okay, how do

(37:25):
I know this? Hey again, I've been in the business
for a long time. When I first started on Wall Street,
what was the training geared towards proper asset allocation and
financial management? No, no, no, no, no no no. It's
about sales, how to sell people. And again, you can
sell people the right way, but again they want to

(37:49):
teach you how to push someone's greed buttons. And the
funny thing is people say, greed, all right, greedy, you know,
I want to help my church. I want to do this,
I want to do that. I get that. That's something
that you want. That's something that you want. And once
once the investment con artist knows what you want and
they'll probe you, they'll ask questions, they will paint a

(38:12):
picture for your mind. They will paint a picture in
your mind, and you'll start using your imagination all the
things that you're gonna.

Speaker 4 (38:19):
Do with your new found investment riches.

Speaker 5 (38:24):
And the inverse is also curious to said fear, fear,
scare people.

Speaker 4 (38:31):
Sky's gonna fall, world's gonna end.

Speaker 5 (38:34):
How many people during the Great Recession financial crisis sold
out of everything, put all their money into high commission
insurance products and coins and all this other stuff because someone,
some investment connors, scared them into doing that.

Speaker 4 (39:00):
White people in a wrong way. People. It's just that simple.

Speaker 5 (39:03):
And again always remember, like I said earlier, everything in
life that has meaning, value and worth involves work, time
and effort. Have take a break our website of course,
Watchdog on Wallstreet dot com.

Speaker 4 (39:17):
Become a part of our family. Sign up for our personal.

Speaker 5 (39:20):
CFO program, podcast newsletter Watchdog on Wallstreet dot Com.

Speaker 4 (39:25):
We'll be back.

Speaker 1 (39:29):
Chris Markowski is the watchdog on Wall Street. Well No
One Alth, investment banking, comsumer advocate, analyst, trainer, Chris Markowski.

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

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

Speaker 1 (40:11):
Bringing America the truth about what really happens in the
financial world.

Speaker 2 (40:15):
Ladies and gentlemen.

Speaker 3 (40:16):
We're not here to indulge in fantasy, but in political
and economic reality.

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

Speaker 2 (40:25):
I have.

Speaker 5 (40:27):
Okay, I have these uh books, stacks stacks of these
CD books at my house.

Speaker 4 (40:36):
And again this is going back, you know, the early
years of this program.

Speaker 5 (40:43):
And I used to record all of the shows that
we would do on CD, so obviously before digital MP
three's and all that, and I've got countless, countless CDs,
and I was thinking, I said, you know, I'm maybe
there'd be some way or some company I give these
two and digitize them all and then put them all

(41:07):
up on the web and the podcasts and find some
way to make them searchable.

Speaker 4 (41:13):
It's a massive, massive undertaking. You know, you're taking.

Speaker 5 (41:17):
Thousands and thousands of hours of this program, going back
to my early years, and.

Speaker 4 (41:24):
Said, well, why would you even bother doing that. I'll
tell you why.

Speaker 5 (41:30):
We We try really really hard here on this program.
I take great, great pride. It's the case with our firm,
it's a case with the show, everything we do. When
it comes to Markowski Investments, we want facts, we want honesty, integrity,

(41:51):
and I just want proof spen today's day and age.
We live in a world and it's gotten worse quite frankly,
instead of better.

Speaker 4 (42:00):
It really has. I mean back in the day.

Speaker 5 (42:02):
There wasn't as many platforms, and you know now because
of you know, social media. And I don't mind, I'm
a big advocate of free speech. But everyone out there
has an opinion. And the funny thing is is that
if you've got enough bucks, you've got a few dollars,

(42:24):
you can put together, you get backing, you can be
an absolute idiot, and you can get your opinion out
to everyone. And again, you know, you can get multiple
people to go out and say the same thing. I
I came up with this this week because you see

(42:44):
it on on you know, X and other social media platforms.
I call them anonymous economic ignoramis influencer grifters.

Speaker 4 (42:54):
Yep, A E, I, I G.

Speaker 5 (42:57):
Anonymous economic ignoramis influencer grifters. And they're paid. They're paid
by various different political parties, groups, whatever it may be,
on both sides, looking to push whatever agenda it may be.
And the nonsense that they put out there, it drives

(43:20):
me nuts, it really really does. Let me give you
an example of this this past week, and we'll talk
a little bit more about the Federal Reserve and interest
rates and Trump and.

Speaker 4 (43:32):
Powell and sent and all that good stuff.

Speaker 5 (43:33):
A little bit later on in the program, but massive
wave out there, and again not just on social media,
well on television as well, television as well. Yeah, I
have Pulting crying a lot of he owns a home
building company. Of course he wants interest rates to come down.

Speaker 4 (43:51):
Anyway.

Speaker 5 (43:52):
Neither here nor there conventional wisdom. And what we tell
you about conventional wisdom, conventional wisdom is poison.

Speaker 4 (43:59):
Is that J. Powell J.

Speaker 5 (44:02):
Powell lowers interest rates, then mortgage rates are gonna come
down and the housing market is gonna boom.

Speaker 4 (44:13):
Really, Okay, let me ask you a question.

Speaker 5 (44:17):
Okay, to all you anonymous economic ignoramus influenzer grifters. The
FED lowered rates in the fall, did they not? It
was around September eighteenth, nineteenth, this past year.

Speaker 4 (44:30):
And I know, rah, yeah, I did it. It was political.
It's because of Biden. Maybe I don't know. I don't know.

Speaker 5 (44:38):
You're speculating. Your speculation might be right there. I don't know.
Maybe that's why they did lower rates. But let me
ask you this question, because it's not speculation, it's fact.
After the Fed lowered interest rates in the fall, did
mortgage rates go up or down?

Speaker 4 (45:00):
They went up mortgage rates went up even though the
FED lowered interest rates.

Speaker 5 (45:10):
This garbage that they put out there that if the
Fed lowers rates, oh my god, ah, you know, mortgage
rates are gonna come down. Let me be honest with you.
Everyone expects the Fed to lower rates, maybe once or
twice this year, maybe a couple times next year. And
because the reality is the economy is weakening, that's why

(45:33):
they're going to lower rates. That's already priced in. However, However,
if we can't sell our debt.

Speaker 4 (45:45):
To the demand that.

Speaker 5 (45:46):
We'd like to, what do you think is gonna happen
with rates? They're gonna go up anyway. You get people
out there, and again, the inflation, it cracks me up.

Speaker 4 (45:58):
There's no inflation to speak of.

Speaker 5 (46:00):
Really, every single time somebody tells me that there's no
inflation out there, you know, I say, I said, show
me your bills.

Speaker 4 (46:08):
Okay, you show me your bills.

Speaker 5 (46:11):
You show me that your bills aren't going up on
a regular basis.

Speaker 4 (46:16):
Show me you can't. You can't.

Speaker 5 (46:21):
Oh but the government says, and this number says in
the CPI, CPI was up. CPI was up, and it
even showing up company after company, everybody Percy the other day. Yeah,
we're raising our prices by twenty percent. Amazon. Yeah, you
take a look. You see you check what the prices

(46:43):
were a month or two ago. They're going up. Did
you paying less at your grocery store, my friend, No,
you're not at those prices. More than likely, more than
likely have something to do with tariffs, But all so
has something to do with the fact that, gee.

Speaker 4 (47:01):
Whiz, look at the money supply.

Speaker 5 (47:07):
Another record high for the money supply now over twenty
two trillion dollars. Our money supply is growing faster than
the pre pandemic average. What does that mean, printing more money?

(47:28):
Printing more money? Let me ask you a question, is
that or is that not inflationary?

Speaker 4 (47:36):
Of course it is.

Speaker 5 (47:38):
Then you get the again the anonymous economic ignoratius influencer
grifters out there. Yeah, Trump said, told j Powell to
lower interest rates to one percent? What the lower in
the Fed lower's interest rates to one percent? Do you
think the globe is going to buy that? Do you

(48:01):
think they're gonna they're gonna lend us They're gonna lend
us money?

Speaker 4 (48:05):
At one person?

Speaker 5 (48:06):
Would you hey again to all again all of you
anonymous economic ignoramous influencer grifters out there.

Speaker 4 (48:14):
Would you take your.

Speaker 5 (48:16):
Hard earned dollars and lend it to the US government
lock it up for ten years to get paid one percent?

Speaker 4 (48:26):
Would you?

Speaker 5 (48:27):
Well, if you would, then you are an idiot. You
truly are an idiot. Can't help you there. Tariffs, so who.

Speaker 4 (48:37):
Ters and not? In no way, terras and not. Prices
aren't going up because of Listen people, foreign governments are
paying the tariffs. No they're not.

Speaker 5 (48:48):
Okay, you got one hundred billion dollars in tariff revenue
this year, and again everybody's jumping up and down.

Speaker 4 (48:57):
This is awesome.

Speaker 5 (48:57):
And look at all the money that we're gonna raise. Okay,
I'll get into that and we'll talk about taxes in
a little bit. The reality, the reality is right now,
right now, US companies are eating the costs. The importers

(49:18):
are eating the cost. China's not eating the cost, Europe's
not eating the cost. As it stands right now, you
take a look at the numbers, US importers are eating
the cost.

Speaker 4 (49:32):
Now, how long do you think that's going to last?

Speaker 3 (49:34):
For?

Speaker 5 (49:36):
Oh, you'll see increases. Like I said, I talk about it.
It's like I said, you're putting a frog in pot
of water on a stove and you slowly but surely
turn the heat up little by little by little. Now, Yeah,
keep tiff rates at around ten percent a little bit,
and they can handle that to some degree. You're getting

(49:59):
up twenty twenty five thirty percent, You're going to see
quite a big increase. Okay, and again it's gonna be
quite frank, it's gonna be much worse when it comes
to input costs.

Speaker 4 (50:12):
What am I talking about? Well, let's let's talk about steel,
shall we.

Speaker 5 (50:16):
We said, ah, yeah, man, was it twenty five don't know,
twenty five fifty tariff on steel?

Speaker 4 (50:22):
What did we tell you was going to happen?

Speaker 5 (50:25):
Well, so foreign steel manufacturers they have tariffs if they
want to import steel into the country. And everyone, ah,
it's gonna be great for domestic steel manufacturers.

Speaker 4 (50:34):
Really it is.

Speaker 5 (50:36):
Huh, how do you figure? What did the domestic steel
manufacturers do? They raise their prices. They raised their prices
to match the input prices import prices they're from other nations.

Speaker 4 (50:49):
Did you see GM's earnings?

Speaker 5 (50:53):
GM paid well over a billion dollars in tariffs, not
from importing cars, but just on the the stuff that
goes in cars. Twenty nine percent of what could have
been their profit went to tariffs.

Speaker 4 (51:14):
Was tax that this people. Again, these are realities, and
you know one of the reasons I mentioned.

Speaker 5 (51:22):
You know, we're putting all of my stuff out there,
all the shows that we've done, the thousands and thousands
and thousands of hours. I challenge anybody, challenge anybody to
question what we've covered here on the program, the facts
that we've brought to the table, and to be honest
with you. Okay, if we get something wrong, because it

(51:47):
happens from time to time, I let you know immediately.
If I get a number wrong, I cite something incorrectly,
we let you know immediately. Because guess what integrity is
above reputation.

Speaker 4 (52:04):
I don't know what what you know? Why these media
outlets don't do that.

Speaker 5 (52:08):
I'd have a great deal of more respect for them
if they actually when they were wrong, they would admit it.
They don't newspapers, television, and doesn't make any difference. Corrections
they're in fine print in the back of the newspaper.
They should be in the front. This is where we
made a mistake. Sorry about that. We'll try to do better.

Speaker 4 (52:30):
Again. I'm not.

Speaker 5 (52:32):
I'm not a member of any political party. I fight
for you, I fight for my clients, I fight for
my listeners. And you know, you listen to the intro
here of our program, you know you can't handle it
to a lot of people can't. What is my motivation

(52:52):
here on the show rather than just just to be
honest with you week in week out, same thing. People
get angry with me because I'm telling the truth, because
it defies their guy or their gal or whatever it
may be. I'm sorry, people, Okay, you're gonna define yourself

(53:15):
and align yourself with the uh whoever you want to
believe in. As far as a politician, something's the matter
with you?

Speaker 4 (53:22):
Okay.

Speaker 5 (53:23):
We have a responsibility as Americans to hold the people
that represent us, to hold their feet to the fire,
not to be their cheerleader. They work for us, and
if I see something that that's wrong, I said, it's
an acre. I'm gonna tell you about it. I've gotten Well,

(53:44):
you know, you're gonna hurt You're gonna hurt this one's agenda.
You're gonna hurt that one's agenda by criticizing it. You
know the other things that they're doing are good. So
you can't do that, I said, you have your mind?

Speaker 4 (53:56):
Are you nuts? I've got three kids.

Speaker 5 (53:59):
I got three kids, and I could say if ninety
percent of what they do is great and fantastic, I'm
not gonna call them out if I think that they're
gonna do something offul they're doing something bad, even if
it's ten percent.

Speaker 4 (54:10):
Of course I am. That's my job.

Speaker 5 (54:14):
That's your job. People, open your eyes. Okay, I talk
about this all the time. See see the terrain for
what it is, not what you want it to be.
That just goes back to Plato. For crying out loud.
People sitting in a cave looking at a wall with

(54:37):
shadows on a wall with the light behind them, turn around,
look into the light. For crying out loud. Got to
take a break. Watchdog on Wall Street dot com. Watchdog
on Wall Street dot com. We invite each and everyone
to become part of our family at Markowski Investments in
the Watchdog.

Speaker 4 (54:57):
On Wall Street Radio show.

Speaker 5 (54:58):
Get to our site, sign up for our personal c
FO program, our podcast, our newsletter, all sorts of great
great stuff there Watchdog on Wallstreet dot com, or give
us a call eight four seven eighty four.

Speaker 1 (55:14):
Get it anywhere, the only man who is taking on
the Wall Street establishment. You're listening to The Watchdog on
Wall Street with Chris Markowski. Well, I read this.

Speaker 4 (55:41):
Song, Oh my god, that's a good album.

Speaker 5 (55:44):
No Jacket required, Phil Collins, and it on for youngsters
out there.

Speaker 4 (55:48):
We had this thing called MTV back in the day,
and some of these videos were kind of cool.

Speaker 5 (55:53):
I remember kind of fantasized it to some degree as
a kid from upstate New York and see some of
these videos, and I remember in this one, Phil Collins
is all these exotic places on vacation, and you had
that also in the Duran Durand videos and saying to myself,
someday I want to go to those places too. Again,
work time and effort, ah taxes, I mentionious last segment again,

(56:19):
everybody follow along very quickly, and this is kind of
one of the funniest dynamics that we're seeing right now.
The funniest dynamics you see right now is the left
and the right going after each other. And again you
watch the donkeys and the elephants and watching Washington, DC,
and the rules is on you people, Okay, It's on you,

(56:45):
both the Democrats and the Republicans want to raise taxes,
it's just how they go about doing it, or how
they go about framing it, or how they go about
selling it. Now, terriffs, tariffs are a tax. Okay, they're

(57:05):
a tax, period the end. Now we've been okay, touting
Republicans right now, many of them, not all, but many
of them. All.

Speaker 4 (57:16):
Look at all this teriff revenue. It's pulling it.

Speaker 5 (57:18):
It's tax revenue. Okay, it's tax revenue. We are getting
taxed in the same way. Follow along the same way
that Democrats will go out there and say, you know,
you gotta raise taxes on those corporations. Those terrible corporations
are not paying enough in taxes. Corporate tax is a

(57:43):
tax on you, just like a tariff is a tax
on you. Corporations are nothing more than a tax id
number and a logo. They derive all of their income
from the people that buy stuff or use their services.
Everybody to get your arms around the fact that you
are in a perpetual state of paying taxes.

Speaker 4 (58:03):
I know, I talked about this last week. Perpetual state.

Speaker 5 (58:11):
Payroll taxes, income taxes, state taxes, property taxes, corporate taxes,
tariff taxes always I had a couple of these things
sent to me this past week from listeners.

Speaker 4 (58:26):
The biggest scam in life.

Speaker 5 (58:30):
Paying taxes on the money you make, paying taxes on
the money you spend, and paying taxes on things you
own that you already paid taxes on with already tax money.

Speaker 4 (58:48):
Think about that for a second. Think about that.

Speaker 5 (58:53):
Here's one okay again, I got a kicks driving me nuts.
That's how many tires that I popped in on New
York and Long Island because of potholes. Would you kindly
fix the road I was already taxed to fix, so
I'm not causing damage to the car. I am taxed
annually to drive, which I purchased with the income you

(59:13):
already taxed, which sits in the driveway of my home
that is highly taxed.

Speaker 4 (59:21):
I actually had this sent to me. I didn't realize this,
and again I looked it up and it wasn't wrong.

Speaker 5 (59:27):
The slaves, the slaves and ancient Egypt with the pharaohs,
you know what their tax was when they worked their land.

Speaker 4 (59:37):
The slaves work their land twenty percent. I'm like, blow
your mind.

Speaker 5 (59:47):
Well, we're effectively taxed at a higher rate than the
slaves were an ancient Egypt by Pharaoh again people, and
it's not enough. It's not enough for them. And you
couple that with the fact we're thirty seven trillion dollars
in debt. How'd that work out for everybody? Watchdogin Wallstreet

(01:00:08):
dot com, Watchdog on Wallstreet dot com again as our site,
come part of our family, our personal CFO program, podcast, newsletter,
Watchdog on Wallstreet dot Com.

Speaker 4 (01:00:17):
We'll be back.

Speaker 1 (01:00:20):
You're listening to the Watchdog on Wall Street. You should

(01:00:40):
believe in math, not magic. You're listening to The Watchdog
on Wall Street with Chris Markowski.

Speaker 5 (01:00:49):
Ah, yet a little bit of the romantics here on
the Watchdog on Wall Street.

Speaker 4 (01:00:53):
Shop all right, Trump's.

Speaker 5 (01:00:58):
Commerce secretary, Howard He's always out there talking about tariffs.
I saw the story this past week and my jaw dropped.
I couldn't believe it again. You gotta hand it to
Trump and his crowd. They don't care. They are going

(01:01:19):
to do what they are going to do, and they
don't care how bad it looks. A subsidiary of Lutnick's firm,
Cantor Fitzgerald, which is run by his kids, Howard Lutnik
handed over the reins of cantor Fitzgerald to his kids

(01:01:40):
who are in their twenties.

Speaker 4 (01:01:43):
Now follow along here.

Speaker 5 (01:01:45):
They are now letting clients essentially bet that Trump's tariffs
will be struck down in court.

Speaker 4 (01:01:55):
I kid you not.

Speaker 5 (01:01:59):
They have created a way for investors to bet that
the tariffs will be struck down in court.

Speaker 4 (01:02:07):
Yeah, they have.

Speaker 5 (01:02:09):
They basically they said that they have the right in
the capacity to buy the rights to hundreds of millions
of dollars in potential refunds from companies who have paid
Trump's tariffs. So what essentially they're doing is they're calling

(01:02:30):
up company X, company X, and they're saying, okay, listen, okay,
you had to pay you had to pay ten million
dollars in tariffs, and we think that these tariffs, we
think that these tariffs are going to get struck down
in court, meaning that the government is going to have
to give you a refund on those tariffs. We will buy,

(01:02:50):
we want to buy the rights to that refund for
three million dollars. So they give the company three million
dollars and if and when and gee, I don't know,
do you have any sort of inside information. Your father
happens to work directly for the President of the United States.

(01:03:11):
Do you understand how messed up this looks? You hit
your arms around, how screwed up this is?

Speaker 4 (01:03:21):
Anyway?

Speaker 5 (01:03:22):
Anyway moving you know what, we'll talk about the Japan
trade deal. I did a podcast on this as well.
Some good in this, some bad on this, and some
stuff I really don't understand. First and foremost, from the
looks of this deal, this is great for Japanese automakers.
Fantastic for Japanese automakers, and as we said, not good,

(01:03:46):
not good for American automakers. Again, one of the reasons why,
one of the reasons why smart move wasn't a bad move.
Nipon Steel wanted to buy US steels Ken you know,
any of the Japanese cars that are here in the
United States that wanted to have access to that. What
was funny about this is all of a sudden Cleveland Cliffs,
remember the one that was jumping up and down saying

(01:04:08):
was a national security concern if Nippon bought US deal.

Speaker 4 (01:04:12):
Guess what they're doing.

Speaker 5 (01:04:13):
They're selling off their subsidiaries to foreign companies making money.
The only thing I quite frankly, I just don't get
they put this out there. They're saying, you know, well,
Japan is going to give the United States five five
hundred and fifty billion dollars and we are going to
invest that money at our own discretion, and we get

(01:04:37):
to keep ninety percent of all the profits in anything
that we invest in.

Speaker 4 (01:04:44):
Now, if you look at the deal, look for specifics,
there isn't any. There isn't any. And I'm, you know, scratching.

Speaker 5 (01:04:54):
I ended up saying to myself, this is almost kind
of like the player to be named later in like
a baseball deal.

Speaker 4 (01:05:00):
Okay, So Japan just going to.

Speaker 5 (01:05:02):
Just hand over five hundred and fifty billion dollars to
the United States and say, hey, have fun, guys. You
invest that however you want, wherever you want to do it.
You know what, you guys keep ninety percent of the profits.
We'll keep ten percent. I'm sorry, guys, Sorry, guys.

Speaker 4 (01:05:22):
I don't believe that. I don't believe that at all.
I don't know this. There's something else.

Speaker 5 (01:05:28):
Going on here. I sorry, you know, I find that
very hard to believe. Not to mention the fact, when's
that five hundred that is it? Checking the meal on
that one?

Speaker 4 (01:05:36):
What is that five hundred and fifty billion dollars getting
here again.

Speaker 5 (01:05:42):
I told you, I don't know if you saw the
story this past week again another see I told you
so a moment. I think it was the second or
third day after Trump was inaugurated. He had a big
meeting at the White House. Big meeting at the White
House where was what's her name there from the guy
from SoftBank, Son and Autman, and they were talking about

(01:06:05):
the was a billions of what was a billions upon
billions upon billions of dollars that they were gonna spend.
Was it five hundred bill that was more in AI
data centers?

Speaker 4 (01:06:15):
Right away? One hundred billion dollars was gonna be spent.
I don't know if you saw the story this past week.
That's not happening.

Speaker 5 (01:06:22):
And we told you always beware politicians with golden shovels
or major announcements about investments being made, or this country
is saying they're gonna invest this much. Here, this country
is saying they're gonna get invest that much. I tell
you what, Okay, you come and you can hold your
press conference when they start spending the money, because ninety

(01:06:47):
five more ninety five ninety eight percent of the time,
the money is never spent. It's all a big fat,
huge dog and pony show. Watchdog on Wall Street dot com.
Why Dog on Wallstreet dot Com? Ah, we get back guys. Uh,
we're gonna talk a little bit about social Security.

Speaker 4 (01:07:07):
How much? How much more are we gonna have to
pay to?

Speaker 5 (01:07:12):
Uh solidify? Put social security on solid ground. It's not
a pretty picture. Watchdog at wallstreet dot Com will be back.

Speaker 1 (01:07:23):
Bringing America financial freedom, one listener at a time. You're

(01:07:45):
listening to the Watchdog on Wall Street with Chris Morkowski.

Speaker 5 (01:07:52):
We're back a little rocky free actiont survivor. Ah, it
is the Watchdog on Walls free show here and yeah
we have well we called it. We called it.

Speaker 4 (01:08:06):
I called it mid nineteen nineties, mid nineteen nineties.

Speaker 5 (01:08:11):
In my youth on Wall Street, I'm telling my generation
Generation X saying, listen, Generation X, listen up, listen up.

Speaker 4 (01:08:23):
Do not plan on getting social Security. I said.

Speaker 5 (01:08:27):
What you need to do is if you get it,
you get it, be happy, think of it as a bonus. Okay,
but do not do not let it factor into your plans.
What you need to do, and you take a look
at that payroll tax that you're paying, you just say Hey,
this is just a tax.

Speaker 4 (01:08:47):
It is what it was. Actually funny you had.

Speaker 5 (01:08:49):
Ken Langan was onew interviewed on CNBC and he basically
said the same thing.

Speaker 4 (01:08:53):
He's like, just yeah, it's a tax. It's a tax.
So again, you you know, look at it that way.

Speaker 5 (01:08:59):
I mean, if you're in a tax bracket out they
just add that that, you know, twelve just add that
that twelve percent, twelve point four percent on to what
you're you're making and just to call it a day,
because that's what it is. Because the money is not there.
It's gonna go bankrupt in twenty thirty three, gonna go

(01:09:21):
bankrupt in twenty thirty three. You can go online, you
can look at your social Security statement. I love how
they call it a statement. It's not a statement.

Speaker 1 (01:09:29):
Okay.

Speaker 5 (01:09:30):
They love using words and changing their meeting. Okay, you
don't have a Social Security account.

Speaker 4 (01:09:37):
You don't.

Speaker 5 (01:09:38):
There's no account anywhere compared it to Gringott's Bank from
Harry Potter. So there's no the you know, the the
little hobgoblins there are not guarding it with the dragons
down there in the basement.

Speaker 4 (01:09:49):
Sorry.

Speaker 5 (01:09:51):
The money goes into the same place the payroll taxes
go in the same place that the well has. The
payroll tax, your income taxes, your tariff tax, it all
goes to the same place and it goes out the
damn door. You want to want to solidify Social Security,
this is what has to happen as of right now.

(01:10:12):
This Tato Institute did the numbers, great study. You want
to you want to make it work. Okay, you got
a twenty five trillion dollar deficit over the next seventy
five years, and you want to keep paying out the
same thing. You're gonna have to raise the payroll tax
immediately by three point sixty five percentage points.

Speaker 4 (01:10:34):
Three point sixty five percentage points.

Speaker 5 (01:10:36):
That means rather than twelve point four percent, it's going
to go to sixteen point oh five percent. Again, median
income twenty two year old sixty six thousand dollars a year.
That equates to an additional twenty four hundred dollars a year,
roughly two weeks of pay You want to solidify it
for good, guess what it's got to go up by

(01:10:58):
five point two.

Speaker 4 (01:11:00):
Percent to seventeen point six or again.

Speaker 5 (01:11:05):
You can raise the cat which they talk about. But
the funny thing is that doesn't even work that already
covers half. Don't say we didn't warn you, don't plan.

Speaker 4 (01:11:15):
On getting it.

Speaker 5 (01:11:16):
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot Com.

Speaker 4 (01:11:20):
We'll be back.

Speaker 1 (01:11:22):
Chris Markowski is the Watchdog on Wall Street, taking Wall Streets, liars, crooks,

(01:11:44):
and sheets out behind the woodshed. You're listening to The
Watchdog on Wall Street.

Speaker 4 (01:11:54):
Axelfoley's theme Beverly Hills Cop. What a great movie.

Speaker 5 (01:12:00):
Welcome back. It is the Watchdog on Wall Street. You
I always honored to have you tuned into the program.

Speaker 4 (01:12:05):
Yeah. Again, that's the thing that the left is saying.

Speaker 5 (01:12:08):
He's got to raise the cap, raise the cap, and
people got to pay in more. Okay, well, then if
you do that, then you have to pay out more
because people are paying in more.

Speaker 4 (01:12:20):
You do understand that, right, you can raise the age.
Oh no, can't do that.

Speaker 5 (01:12:28):
The last time, the last time there was any semblance
of thought when it came to reforming Social Security. You
got to go all the way back to the beginning
of George W. Bush's second term in two thousand and four.
But the Republicans decided that it was too difficult, it
was too steep of a hill to climb because they

(01:12:50):
were spending too much political capital blowing things up in
Iraq for no reason whatsoever.

Speaker 4 (01:12:57):
Imagine that George W.

Speaker 5 (01:12:58):
Bush could get people got actually look back at his
presidency is actually accomplishing something, if he actually had gotten
that done. But no, no, no, no no, let's you know,
he and Dick Cheney in the gang we got we
gotta blow up more stuff in Iraq.

Speaker 4 (01:13:14):
People.

Speaker 5 (01:13:14):
It's it's a ticking time bomb that's sitting in a
room here in this country, and the entire country is like, nah,
we're not gonna deal with that. We're not gonna maguy
for that ticking time bomb. We're just gonna pretend it
doesn't exist. Hands off, round to charity, Okay, hands off, Hey, listen,
Like I said, I never planned on it. I never

(01:13:36):
planned on it. Canceled social Security, marrow, I give it him.
Not gonna affect me. Now, that gonna affect me. Yeah, oh,
my mother in law. I'll take care of them, because
that's what family does. But we told you this was
gonna happen, and again you get the useful idiots that
we vote for in Washington, d C. Neither party, neither

(01:13:58):
party wants to deal with same thing holds through for healthcare.

Speaker 4 (01:14:03):
Again.

Speaker 5 (01:14:03):
Republicans Trump's last term repeal and replace Obamacare.

Speaker 4 (01:14:11):
Republicans had nothing.

Speaker 5 (01:14:12):
They're nothing. They had nothing, They had nothing to replace
it with. It was it was basically a gobbledygook of nonsense.
Oh yeah, I don't know if you saw this. Insurance
companies right now are requesting Obamacare rate hikes of upwards
of twenty percent.

Speaker 4 (01:14:34):
Twenty How how many of you? I mean out there.

Speaker 5 (01:14:37):
You scratch your head sometimes and say to yourself, say, hey, yeah,
why bother? Why am I even paying for this health insurance?
Why this happens to me all all the time? You know,
having three kids playing athletics and college athletics, and sometimes
you know, something don't get hurt, and you know they
need to need to get an MRI, and they go

(01:14:59):
to the or coopedic surgeon, and the orthopedic surgeon orders
the MRI, and then you gotta wait, You gotta wait
for some moron in the middle of nowhere to approve
the damn thing.

Speaker 1 (01:15:13):
Like this.

Speaker 5 (01:15:14):
This fool working for the insurance company has any idea,
any idea what the fool from the insurance company knows
more than the doctor does. The orthopedic surgeon does and
whether or not, like kid needs an MRI, I.

Speaker 4 (01:15:28):
Give it up.

Speaker 5 (01:15:30):
They they've worn me out. Oh you gotta wait a
few days. I'm like, no, no, 'll just pay cash.
Let'll pay cash for it. You know, I'm not going
to deal with this nonsense. And that's that's pretty much
the experience for everybody at this point in time. And
it was by design. The entire thing was designed to

(01:15:53):
fail from the beginning. And the people within the Republican
Party are so cowardly, are so cowardly that they don't
they didn't want to tackle it the right way.

Speaker 4 (01:16:06):
Now it's out of the question. They support it. And
again I want to repeat this.

Speaker 5 (01:16:11):
I know I've said this before here on the program,
because I know I'll get some emails from some new listeners,
and people were.

Speaker 4 (01:16:16):
Like, it was John McCain's fault here. He gave the
thumbs down.

Speaker 5 (01:16:19):
Okay, here's some inside baseball for you. Okay, John McCain.
John McCain gave the thumbs down because they asked him to.
They asked him to because you know, he had a
beef with Trump. Trump said some nasty things about John
McCain and his service in Vietnam. So the Republicans went

(01:16:40):
to John McCain and said, John, you know, save us
on this. Okay, vote this thing down. We'll keep it
a really close vote. You can vote it down and
it'll be okay. People say, well, you know what, you
didn't like Trump. If it wasn't John McCain, If John
McCain wasn't there, somebody else would have voted it down
and come up with the reason. Because the Republicans really
didn't want to exit. They didn't want to deal with

(01:17:02):
the political blowback. They didn't want to deal.

Speaker 4 (01:17:04):
Ah taking healthcare away from people.

Speaker 5 (01:17:06):
Now you know what, people, I'm sorry, Okay, I want
you to kind of we'll play a little game of
imagine right now, shall we imagine this? How much better
would healthcare be in the country today if tomorrow we
woke up and there were no insurance companies?

Speaker 4 (01:17:25):
What do you mean, how will we pay? How I
pay for my healthcare? If there was no insurance companies, Well,
there was no insurance companies.

Speaker 5 (01:17:34):
The actual hospitals and doctors would have to put out
their prices, and we'd get price discovery and they would
have to compete against one another based upon price.

Speaker 4 (01:17:47):
And guess what would happen. Prices would come down.

Speaker 5 (01:17:51):
All you're buying when it comes to health insurance pretty
much is one of those little entertainment books that we
used to sell back when I was in high school
to fund our trip to New York City or something
like that, where you'd have little coupons.

Speaker 4 (01:18:05):
It's a joke.

Speaker 5 (01:18:08):
If there were no insurance companies tomorrow, healthcare would improve
vastly here in.

Speaker 4 (01:18:14):
The United States because we would have price discovery.

Speaker 5 (01:18:20):
They would have to price products based upon what people
could afford to pay.

Speaker 4 (01:18:24):
Oh yeah, a lot of useless people. It's sad in
this country.

Speaker 5 (01:18:28):
Think about It's the same thing that holds true with
any big, bloated, over expensive mess, whether it be higher
education with college or whether it be healthcare. Here in
this country, we've got more administrators than you do doctors
then you do health care providers.

Speaker 4 (01:18:44):
Think about that. For what, how was it fixed healthcare?
You know what? Yeah, yeah, it's it.

Speaker 5 (01:18:51):
No more insurance companies. I want to fix the higher
cost of college education here in this country.

Speaker 4 (01:18:56):
Yeah, no more.

Speaker 5 (01:18:57):
No more student loans, product based upon what people can
afford to pay. Watchdog on Wallstreet dot Com, Watchdog on
Wallstreet dot Com.

Speaker 4 (01:19:08):
You see, people, that's capitalism. We'll be back.

Speaker 1 (01:19:26):
Well, know one authored investment banker, consumer advocate, analyst trader
Chris Markowski is the watchdog on Wall Street, 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 (01:19:47):
You can't handle the true truth.

Speaker 1 (01:19:49):
Bringing America the truth about what really happens in the
financial world. Ladies and gentlemen.

Speaker 3 (01:19:54):
We're not here to indulge in fantasy, but in political
and economic reality.

Speaker 1 (01:19:58):
This is the watch stuff.

Speaker 5 (01:20:03):
All right, Well, I'm back everybody. Yeah, we gotta talk
about the FED. We have to talk about that. I
know I touched a little bit on it earlier. I
I have been highly highly critical of j Powell over
his term.

Speaker 4 (01:20:24):
I have been.

Speaker 5 (01:20:25):
I was highly critical of Janet Yellen. I was highly
critical of Ben Bernanke. I was highly critical of Alan Greenspan.
Love Paul Volker. Love Paul Volker. He did a great job,

(01:20:47):
he did the right thing. Let's let's talk a little
bit about Jay Powell in the FED, shall we? And
again some of the things that are being said out there.
It's embarrassing. It really is that these people that are
in positions of power, and you give an example of

(01:21:09):
this this past week, and Mike Johnson is the bloody
Speaker of the House. It's the bloody Speaker of the House.
And he's on CNBC and he's being asked about interest rates.
And here's something that I tell everybody that works for me,
everybody works for me at Markowski Investments. Something that I

(01:21:31):
tell myself. If I don't know the answer to something,
I let the person know that I don't know the
answer to something.

Speaker 4 (01:21:41):
I just don't wing it and make it up. Never ever,
ever do that I don't know. I will look into it.
I will find out it's reality.

Speaker 5 (01:21:53):
I had questions all the time, people asking me about
certain tax rules. Okay, you know, a little bit of
knowledge is a dangerous thing. I would rather go And
I said, I will find out. I will go to
our accountants, I will go to our lawyers. I will
get the answer for you. I'll put you in contact
with them, but I'm not going to wing it. Here's

(01:22:15):
Mike Johnson. He's on CNBC this past week and he's
asked a question, do you think j Powell should stick
around Mike Johnson. My opinion is that we should reduce
interest rates. The American economy is hot.

Speaker 4 (01:22:38):
Mike, Mike.

Speaker 5 (01:22:40):
If the American economy is hot, why would the Fed
be lowering interest rates? That would make it inflationary. And again,
it's the funny thing because again the administration keeps saying
this too.

Speaker 4 (01:22:59):
They keep talking about you're on fire, the economy's on fire, the.

Speaker 5 (01:23:02):
Economy's on fire. Well, that shouldn't be lowering rates, no way,
no how, anyway, And you get these other people out there.
Here's the Federal Housing Director Pulti, he's being interviewed. President
Trump just won a landslide victory. And we got one

(01:23:23):
guy in the former Jerome Powell, who's sitting there like
an obnoxious, arrogant Pampas person.

Speaker 4 (01:23:29):
Then he's saying, I'm not gonna quit. I want to
keep these rates high and it's hurting people.

Speaker 5 (01:23:34):
Charles again, he's on Fox Business Charles Pain Show, which
is basically a Trump advertisement. You can't do any homework
on Charles Pain. It's a mental midget for crying out loud.
Take a look at his history for in the investment business. Anyway,
it's time for Jerome Powell to resign. For Jerome Powell

(01:23:54):
to resign. Okay, he's obnoxious, he's arrogant, he's.

Speaker 4 (01:23:59):
Is that helpful?

Speaker 5 (01:24:00):
Why why don't you Why don't you're the Federal Housing Director?
Why don't you bring facts to the table and lay
out why the Fed should lower rates? In your opinion,
that would be an intelligent way of actually having discourse
rather than calling people names.

Speaker 4 (01:24:17):
See, I don't play that.

Speaker 5 (01:24:20):
Soon as someone starts calling names and brings the conversation
down to the kindergarten level, I'm just going to walk
the hell away. A bit of advice everybody out there,
I recommend doing it. Never argue with idiots. Never argue
with idiots. They have way too much experience at being
an idiot. The conversation is never going to rise above idiocy,

(01:24:45):
and they're just gonna drag you down to their level.

Speaker 4 (01:24:46):
So what what's what's the point not to mention the fact.

Speaker 5 (01:24:49):
That hey, uh yeah, you're you're you're operating income was
down twenty five percent last quarter for your company, and
you're having trouble selling houses right now, and he needs
every he needs, he needs interest rates to come down,
because you know, that's just you know, trying to help
him make a little bit of money because he can't
sell houses at this point in time. Well, maybe if

(01:25:10):
you didn't overcharge for these houses, you know, maybe it
wouldn't be such a problem.

Speaker 4 (01:25:16):
Anyway. Now, again I'm an equal opportunity here on the
program the Federal Reserve.

Speaker 5 (01:25:25):
And again they haven't gotten to the bottom of this.
But this is this is pretty much Washington, d C.
Two point five billion dollars. Two point five billion dollars
to renovate an office building in Washington, d C. Now

(01:25:46):
this is Washington for you, of course, whether it be
the Pentagon, whether it be the Federal Reserve. Oh yeah,
they love paying premium prices, paying premium prices to the
people that they do business with. Why do you think
there's so much wealth in and around Washington, DC? You

(01:26:09):
could build the bloody fed out of solid gold for
crying out loud and not spend that type of money. Actually,
I had a listener send me this. The cathedral Notre
Dame Paris burned down. The destruction. It costs less than

(01:26:31):
a billion dollars to renovate that church. It costs less
than a billion dollars to renovate the cathedral Notre and
an office building in Washington, D C. Two point five
billion dollars. How how who's getting paid off? What are
these contractors making? Who are they connected to in Washington,

(01:26:54):
D C? And again, this is how it's played people,
This is how it's played in your local communities with
government contracts. How things are done. Oh yeah, it's these guys.
My buddy, hey donates to my campaign. I listen, we'll
give you, we'll give you. We'll give you the bathroom
tile job at the FED. You know you charge this,
you know you charge what you charge. Just just make

(01:27:14):
sure you kick back to me, You kick back to
me and my campaign, whatever it may be.

Speaker 4 (01:27:20):
Well, you don't think that's how it works.

Speaker 5 (01:27:24):
These these people again, they have no morals, They have
no again, no no north Star, they have no fear
of God.

Speaker 4 (01:27:34):
These are the people you vote for. These people you
vote for.

Speaker 5 (01:27:39):
It's not the fact members of the Federal Reserve boar,
how they get they you know that would be tracked politicians.

Speaker 4 (01:27:45):
They've got ways of doing that. You don't think that
they're involved in this. Keep your mouth shut, don't say
anything now.

Speaker 5 (01:27:54):
Treasury Secretary Scott Bessant is one hundred and ten percent
right for he calls for a full review of the
entire FED.

Speaker 4 (01:28:03):
No, no, we need a full audit of the entire FED.

Speaker 5 (01:28:07):
And let me ask you a question. Who's been calling
for that forever? None other than the great Ron Paul.
I think Ron Paul's birthdays coming of his ninetieth birthday
is coming up.

Speaker 4 (01:28:18):
God bless him.

Speaker 5 (01:28:21):
Voted for him for president, wanted him, wanted his son,
Rand Paul. You know, true guys that were actually, you know,
on the up and up straight arrows doing the right thing,
following the Constitution, along with the Thomas Masseys of the world,
true heroes as far as I'm concerned, highest liberty score going.
He know, it's funny all these idiotic maga people out

(01:28:44):
there failed to realize that Ran Paul, Ron Paul, Thomas
Massey are more maga than anything else.

Speaker 4 (01:28:53):
Anyway.

Speaker 5 (01:28:54):
Anyway, Bessett actually echoing what we said about the FAI
here on this very program. What do all those PhDs
do calling for a complete reset of the federal Reserve.
I couldn't agree more. I couldn't agree more. You need

(01:29:16):
a complete change. This dual mandate nonsense has got to go.
It really does, this dual mandate nonsense. Oh you got
to pay attention to unemployment. What now you don't? This
is this is the problem. Why, it's a big problem
we have I have with America nowadays. Nobody can suck

(01:29:38):
it up. Nobody can suck it up.

Speaker 4 (01:29:45):
Ken.

Speaker 5 (01:29:46):
It is one of the things you know coaching, You know,
suck it up. I got a big can of suck
it up for you over here, Rub some dirt on it.

Speaker 4 (01:29:52):
No pain, no gain.

Speaker 5 (01:29:54):
That used to be this country no more. Oh no,
we can't that company go out of business. We gotta
bail it out. Oh no, Unemployment is going up. We're
gonna have to We're gonna have to inject money into
the economy. We can't let the economy feel any pain.
What are you talking about. This is a free market.

(01:30:18):
Companies are gonna go by the wayside. We need to
have creative destruction. Jobs are going to be lost from
time to time. The problem is is that when you
try to tinker with everything and you try to micro
manage everything, you fail. And that's what Greenspan did, That's
what Bernanke did, That's what Yelling did.

Speaker 4 (01:30:40):
That's what they all do it. They all do it.
Get out of the way. Why do we even need
a federal reserve? Why tell me why? Why can't the
market determine interest rates? Huh? Why you have?

Speaker 5 (01:31:03):
Well? I made this perfectly clear Earli around in the program.
You've lost fifty percent plus of your buying power over
the past twenty five years now, and that's using government numbers.

Speaker 4 (01:31:14):
I think it's worse use my numbers. It's much worse
than that.

Speaker 5 (01:31:17):
You take a look at the things that we've got
to spend money on, whether it be health insurance, car insurance,
the cost of cars, the cost of homes, the cost
of food. You mean to tell me it's only fifty percent. No,
it's much higher than that.

Speaker 4 (01:31:27):
And we all know it. That's a federal reserve at
work for you, right, But it's our fault, right, fix it,
make it go away.

Speaker 5 (01:31:43):
It's the same mentality that got this country quite frankly
and addicted to OxyContin. I you know, oh no, no,
you know, you don't need to That was the whole
premise behind that. It's like, people don't need to ever
deal with pain. We're gonna make it go away, so
we're gonna give you a nark.

Speaker 4 (01:32:03):
What, no, no good? You know.

Speaker 5 (01:32:09):
That's that's one of the things. And this is why,
this is why it's tough on younger people today. This
is why we haven't had and I've explained this before,
it's why we haven't had dynamic growth here in this
country since the nineteen nineties. We don't allow companies to fail.
We've got a nation full of zombie companies walking around,

(01:32:31):
Companies that wouldn't be here if it wasn't for their
cozy relationship with somebody in Washington, DC or some bank
that's not foreclosing.

Speaker 4 (01:32:40):
You know, if we actually had a clean flush of
all the garbage.

Speaker 5 (01:32:44):
Paper that is sitting on banks right now, if they
actually had a they marked it to market and allowed
this stuff to come out, you understand how far prices
would come down.

Speaker 4 (01:32:56):
Oh you're your housing market values would come down. That
wouldn't be good. Why why it be bad?

Speaker 5 (01:33:02):
I'm telling you right now, I could care less this
question as Yo, what what if you're devalue your house
drops by thirty percent. I get up the next morning,
I get out of bed, I brush my teeth in
the same bathroom I did before I go downstairs, make
myself a cup of coffee.

Speaker 4 (01:33:20):
My day begins. Nothing changes. It's home it's home.

Speaker 5 (01:33:26):
You go out, you buy a car, and it depreciates
by what ten, fifteen, twenty percent?

Speaker 4 (01:33:32):
As soon as you're driving off the lot. You don't care.

Speaker 2 (01:33:33):
There.

Speaker 4 (01:33:33):
It's a house.

Speaker 5 (01:33:34):
You need to live somewhere. Stop looking at it as
a bloody investment vehicle. Then maybe you'll get.

Speaker 4 (01:33:39):
Your mind right. You get sold all of this nonsense.
And the banks love this too. Oh yeah, and guess
what then?

Speaker 5 (01:33:47):
We we lend people money on our houses, and then
we get them to take out home equity loans and
they can. We'll lend them more money at higher interest
rates and lend and lending, lend, and they can buy.

Speaker 4 (01:33:56):
Stuff that they can't afford. Don't play their game, people,
open your eyes.

Speaker 5 (01:34:07):
Understand what the motivation is behind these counterparties for crying
out loud. They're not looking out for you. It's not
in your best interest. You're being sold a bill of goods.
Snake oil being sold here, there, and everywhere. And that's
what we're here for. That's what we've been telling you
about for twenty five years on air. This is why

(01:34:28):
our clients do so well. We get their mind right.
People have been following this show for decades, reading our
stuff for decades. Why do you think that's the case.
Why do you think we have the client retention rate
that we have.

Speaker 4 (01:34:43):
We don't bs.

Speaker 5 (01:34:45):
We don't tell people what they want to hear. We
tell you what you need to hear. That's why we're successful.
Got to take a break. Watch Dog on Wallstreet dot Com,
watch the on Wallstreet dot Com. Wow, Saint elmos fire theme.

(01:35:05):
How about that Watchdog on Wallstreet dot Com? Our personal
CFO program, our podcast newsletter, all sorts of great stuff
for twenty four hour day, hell popline eight hundred four
seven one fifty nine eighty four.

Speaker 1 (01:35:34):
This is the Watchdog on Wall Street.

Speaker 4 (01:35:46):
Society look back. You know, I gotta do that again.
We I used to gree I just used to post
it up on Facebook. I gotta have to do.

Speaker 5 (01:35:58):
We're gonna have to do the Bumper the watch Dog
on Wall Street Bumper music list again. I gotta put
up on a site. I gotta put up on social media.

Speaker 4 (01:36:05):
I gotta have to do it. John, you know, John,
you know mine right, You're gonna have to just give
me the list. I gotta have to start doing a
skin since now.

Speaker 5 (01:36:12):
You know, I gotta do all. You gotta be I
gotta be hip. I gotta be cool. I sound like
doctor Evil. Yeah yeah, I gotta gotta start doing some
of this stuff. Great tunes. John doing a great job
as always on the Bumper Music.

Speaker 4 (01:36:24):
Welcome Back. It's a watchdog on Wall Street.

Speaker 5 (01:36:26):
I canna talk a little bit about jobs, jobs, jobs, jobs, jobs.
Okay again, you know the the you're being pitched. You're
being told at how hot the economy is. Oh maybe
hot hot hot? Oh yeah, economies roaring out there? Really
really if it's roaring, how come college grads the unemployment

(01:36:51):
rate for college grads is yeah, uh, we got the
highest level of unemployment for college grads that we've seen
since how about it COVID, Yeah, COVID, especially for males.
Women are doing better. Women are doing better. And one

(01:37:14):
of the reasons why women are doing better is because
of the healthcare industry.

Speaker 4 (01:37:21):
Again, nursing.

Speaker 5 (01:37:23):
Right now in New York City, you work for Langoing Medical,
get a nursing degree, become a nurse. You're starting at
one hundred and thirty five thousand dollars a year. Again,
it has the unemployment rate for college brads hasn't been
this bad since COVID. And then you can go back,
actually thirteen years outside the pandemic. This is the highest

(01:37:45):
level we've seen in thirteen years. Male college grads are
now jobless at the same rate as non grads.

Speaker 4 (01:37:57):
Listen, this is the problem. This is the price. This
is part of the business right college. This is a college,
big business bigness.

Speaker 5 (01:38:10):
And I've told this before to people here on the program,
and I said, you have to rethink this again. We've
been way ahead of the game on everything.

Speaker 4 (01:38:21):
I went to.

Speaker 5 (01:38:22):
I went to Syracuse University for undergrad and back when
I went to school it's close to what ninety thousand
a year right now. Now again they give a lot
of aid and get the price down. You don't send
your kid to college unless you can afford it. Unless

(01:38:42):
you can afford it and you can pay the whole
thing to go find themselves. You don't send your kid
to college unless they give you a reason. Why are
you going to college? You got to look for what
is what is my return going to be on this investment.
That's important you understand the frustration and the youth of today.

(01:39:03):
I did everything I was supposed to do, and I
am having a very difficult time. Mike Rowe great Another
great interview by him Love mic Row Deadliest Catch, Dirty Jobs,
and he made it perfect clear. We've been telling kids
for the past fifteen years to learn to code.

Speaker 4 (01:39:24):
Guess what AI AI has come for the coders?

Speaker 5 (01:39:31):
Know what hasn't come for the welders, the plumbers, the
steam fitters, the pipe fitters, the hvac, the electricians, the carpenters,
the contractors. We need to change the way we're educating kids, folks.
It's the reality of the terrain. Got to take it
on the break. You're listening to on the Only He.

Speaker 4 (01:39:52):
Watchdog on Wall Street Show, Don't go.

Speaker 5 (01:39:55):
Anywhere, our website, Watchdog on Wallstreet dot com, Personal CFO program, podcast,
you name it.

Speaker 4 (01:40:01):
We'll be back where the ones left on the flow.

Speaker 1 (01:40:20):
The only Man who is taking on the Wall Street establishment.
You're listening to The Watchdog and Wall Street with Chris Markowskati.

Speaker 4 (01:40:30):
Way aback, everybody? All right? Wow again.

Speaker 5 (01:40:37):
If I'm a big fan of the television show South
Park made us return this past week. If you haven't
seen it, it's jaw dropping.

Speaker 2 (01:40:46):
Uh.

Speaker 4 (01:40:47):
I just gotta leave it at that. I gotta hand
it to those guys.

Speaker 5 (01:40:50):
Are they're the true equal opportunity bashers as far as
programming is concerned on television. They've been doing it since
the nineteen nineties and I hope it continues. And I
know it's gonna make a lot people angry because it's
going after the president of the United States, but again,
you know that's what they're there to do.

Speaker 4 (01:41:07):
They go after everybody Washington, d C.

Speaker 5 (01:41:11):
Right now, I'm not gonna get real deep into it
here today on the radio show I'm Not I have
covered everything quite extensively on the podcast, and this is
why I highly recommend I love you to subscribe to
our podcast, available on all of the platforms out there. YouTube,

(01:41:33):
I actually video them as well. Go to our website
at Watchdog on Wall Street dot com. Can get get
it there also stuff that's happening in Washington, d C.
It's just it's it. Not only does it make me sad,
makes it makes me sad, It kind of breaks your heart,

(01:41:54):
it really does. It's also disgusting, it makes angry, it
makes you really angry.

Speaker 4 (01:42:04):
Again.

Speaker 5 (01:42:04):
I I don't know why it came into my mind
past week. I remember remember when I was in elementary school,
you know, going to school, and it was it was
you know, cub Scout day, we'd have our uniform on
and you know the flag and the patriotism that we
were taught. But what a wonderful country that we live in.

(01:42:25):
How you know, great it was and just and you
see it everything that's that's coming out now that Tulsa
Gabbard is bringing out and you know, I I gotta,
I gotta hand it to her. She's doing an absolutely
unbelievable job. And again I was always been a big
fan of hers. Isn't it amazing though? Isn't it amazing?

Speaker 4 (01:42:49):
Again?

Speaker 5 (01:42:50):
Just shows you just the uniparty and this is just
the funny thing. He You know, people out there in
the real world that the politicians want us fighting against
one another because they pretend to fight each other in Washington, DC.
Been amazing that both Republicans and Democrats both wanted to
get rid of Tulsi.

Speaker 4 (01:43:10):
They didn't want her.

Speaker 5 (01:43:11):
Been amazing right now that Republicans on the Intelligence Committee
are trying to keep her away from all this information.
Tom Cotton doesn't want her to get the goods on
what's going on. Barack Obama comes out. I didn't do
an it puts out a statement Tulsi comes out the
next day, brings receipts, lays it out. Then he watched

(01:43:34):
the mainstream media cut from covering it because they didn't
want all of their lives to be exposed. And then
you got Epstein, Epstein, you have Donald Trump and Nancy
Pelosi on the same side. And amazing, well you got

(01:44:02):
you got bipartisan, you got Republicans and the leadership positions
Republicans and Democrats.

Speaker 4 (01:44:08):
No, no, nothing to see here.

Speaker 5 (01:44:12):
Mike Johnson, Speaker of the House, shut down the House
for over? Was it forty one days? And you mean
to tell me that your BS meter isn't at an eleven,
it's at a higher level than than than Nigel's amp.

Speaker 4 (01:44:33):
And uh, this is spinal tap.

Speaker 5 (01:44:35):
For crying out loud, thousands of kids being trafficked. Oh,
it's just just Epstein, Just Epstein, right right, sure, sure
you're gonna And they keep going with it, and they
keep running with this. Then I again, I mentioned it

(01:44:57):
on the podcast. I mentioned I think last week here
on the show as well. You do a deep dive
into this. Actually do your homework, not with the main
not the mainstream media garbage. Actually do your homework. Okay,
it's gonna ta it's gonna take hours. You're gonna feel

(01:45:17):
like you're gonna you're gonna you know, as a guy,
you're gonna want your wife to take a power washer
to you and make sure she gets behind the ears
with it. That's how dirty this thing is, how disgusting
this is. You're gonna again, it's it's like a movie, Okay, power.

Speaker 4 (01:45:33):
Players in DC. People you see on TV. The types
of things that they go on, the events that they
go to disgusting.

Speaker 5 (01:45:44):
If it was in a movie, you wouldn't believe it.
For crying out loud, that's how vile. That's how evilis is.
Why why do you think? Why do you think they
want to put the lid on this?

Speaker 4 (01:45:54):
Relax? Flats, guys laugh, I never see here, racks, racks.

Speaker 5 (01:45:57):
Racks, I'm doing, uh, Donald Trump's voice in South Park
and how they're covering him at this point in time. No,
we shouldn't relax. This is vile, vile, and quite frankly,
I'm sorry, you know. We we can't protect children. We

(01:46:20):
can't protect children. Do we really deserve to even be
a country? Just throwing them out there after that question,
do we even deserve to be around? Watchdog in Wallstreet
dot com. Watchdog on Wallstreet dot Com is our website.
Come a part of our family, our twenty four hour day.
Helpopline eight hundred and four seven one eighty four.

Speaker 1 (01:47:00):
You should believe in math not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.

Speaker 5 (01:47:09):
Oh wow, little uh George Michael whamb huge, huge fan. Yep,
I always have that. Jordan Michael one of the greats. Sorry, guys,
it's it's off the charts talent anyway, missed, that's for sure.
Any welcome back to the Watchdog on Wall Street show.

(01:47:30):
This is it's just strected to everybody out there, but
in particularly some of the younger people that are listening
to this program.

Speaker 4 (01:47:40):
By now pay later. Don't do that, Please, please don't
do that. I know what is it?

Speaker 5 (01:47:52):
Affirm Karna after pay all of these companies that are
out there. If you aren't you're going out your your
takeout dinner and you're paying it in installments, You're doing
something wrong. It's honestly, I'm seeing I'm seeing high end

(01:48:13):
companies like Gucci doing the same damn thing.

Speaker 4 (01:48:16):
We used to have something.

Speaker 5 (01:48:18):
Back when I was kidding in the seventies it was
called Layoway. It's called Layoway. You wanted something, you wanted
something that was expensive. I mean they had a kmart,
then lay away a kmart. You wanted to get like
a bicycle or something like that. You would pay. You
put money down for the bicycle. They'd put it in

(01:48:40):
the back there and once you were done paying for it,
then you took it home.

Speaker 4 (01:48:47):
This is a disaster people.

Speaker 5 (01:48:50):
You have to.

Speaker 4 (01:48:53):
Credit card debt.

Speaker 5 (01:48:54):
This is on top of the buy now, pay later
is nearing one point one trillion dollars.

Speaker 4 (01:49:02):
One point one trillion dollars.

Speaker 5 (01:49:04):
And I see these numbers and again I see youth unemployment,
but then again, then again and again it there's certain
things that I have a very difficult time with, and
I'm very observant when I'm out and about. I mentioned
I hate casinos. I hate casinos. I'm not a casino guy.

(01:49:24):
And ibodys like, oh, you gotta go to Vegas. You
gotta well, at least the restaurants are good. I said, yeah,
I don't, man, I want to go see a show
at the Sphere. Yeah I do, okay, but I don't
like going into casinos. And I spot it right away.
You know, people that are gambling that shouldn't be gambling,
you know, lining up, and I'm like, come on, people,

(01:49:44):
don't do this, don't do this. And again, I've never
made a bet in my life. I see the same
thing when I go to the mall and I'm you know,
I'm in a store somewhere, and then I'm all of
a sudden watching somebody purchase something by now, pay later,
a handbag, address, a pair of clothes, and it's an

(01:50:05):
expensive I'm like, no, you're not at that level yet.
You don't dessert, you can't afford to buy the Gucci bag.
You don't buy the Gucci bag. You start out at
Michael Kor's. You start out me just something else. When
you get there, you get there, people, you are enslaving yourselves.

Speaker 4 (01:50:24):
Do you understand? We live in a wonderful, wonderful country.

Speaker 5 (01:50:27):
It's amazing, but people willingly turn themselves into debt slaves
for their stuff.

Speaker 4 (01:50:34):
Come on, people, you have to be smarter than that.
We are, I saying Rule number nine.

Speaker 5 (01:50:41):
Watch Dog on Wall Street, Markowski Investments Financial independence. You
have more money than your neighbors and they don't have
a clue. Watchdog on wallstreet dot Com.

Speaker 4 (01:50:51):
We'll be back.

Speaker 2 (01:50:55):
Last here.

Speaker 1 (01:50:59):
She pretend you're listening to The Watchdog on Wall Street

(01:51:20):
bringing America financial freedom one listener at a time. You're
listening to The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:51:33):
Steevie Stevie. Yeah.

Speaker 5 (01:51:38):
Yeah, it's it's funny, it's it's kind of you kind
of sad. You know, there's a music it's today. So
that's a young lady on X. It's just got a
feed there and I forget, you know, I forget what
it is exactly. She just talks about the loss of
beauty in the world today and you know all those things.

Speaker 4 (01:51:58):
Is music again. I have been that excited.

Speaker 5 (01:52:02):
I just thought this past week there's an album that's
coming out that being re released.

Speaker 4 (01:52:07):
It was before Fleetwood Mac.

Speaker 5 (01:52:09):
It's a Buckingham Knicks like you can get a copy
of it on vinyl, but it's like eight nine dollars
to get. It's rare that they're actually finally they got
back there. They're going to re release it this month.
And I'm like thrilled, true talents out there. No auto
tune how about that? Anyway, I digress. This really ticked

(01:52:32):
me off and again this should be making national news
and it isn't. All celebrities and the artists out there
rock stars. Remember fire aid, they were fire aids not
too long ago. Yeah, they're going to hold a big
benefit concert to help out all of the people. Twelve

(01:52:54):
thousand people lost their homes in California due to the
wild fire. They raised one hundred million dollars from you
and I. American people ponied up, sent their checks in.

(01:53:15):
Anybody who lost their home received dime. No, not kidding,
not kidding.

Speaker 4 (01:53:24):
I listen.

Speaker 5 (01:53:25):
If you were to just divvy it up evenly, it's
what about eight thousand bucks a person?

Speaker 4 (01:53:33):
Nothing? Oh you know where the money went to? Non profits?

Speaker 5 (01:53:39):
One hundred million dollars doled out to non profits in
the Los Angeles area, basically funneled through various different bs,
nonprofits paying people to basically do nothing. Money getting out
to people that need it. No, and I'm gonna be honest.

(01:54:02):
You're celebrity again. Yeah, Hey, it was that song. It
was called Nickelback. I want to be a rock star.
You have you have talent. God gives you talent and
you're able to go out there and perform, and you
go out and you raise money. You tell the American
people to send their hard earned dollars because you're up
there and you're playing for them, and you're gonna give

(01:54:23):
this money to these people. You better make damn well
sure that the money gets there. Okay, I'm sorry. You
can't wash your hands of this.

Speaker 4 (01:54:34):
That's wrong. That's wrong.

Speaker 5 (01:54:36):
You see, I have this name, okay, call Markowski. I
don't attach my name to anything unless I know that
it's completely on the up and up. You don't get
to plead ignorance with this. This is a shame, this

(01:54:57):
is awful. One hundred million dollars you hold this massive concert,
not a single homeowner in Los Angeles has received a dime.

Speaker 4 (01:55:09):
And these are people, quite frankly, that are still homeless.

Speaker 5 (01:55:13):
You know that even if you divvd it out, even
the eight thousand dollars, you don't think that would help
out pay for some of the hotel bills. They're in
their home. Now, we're building anything there. You actually see
they haven't. They haven't even brought the equiment in.

Speaker 4 (01:55:26):
To do a damn thing. Yeah, they're waiting.

Speaker 5 (01:55:31):
They're gonna wait people out because again, this is what
these awful human beings do. They'll wait them out and
see how long they're going to test them, and let
the permitting go out for as long as possible, and
then they'll step in and they'll take their land. That's
what these politicians do. They know the rules, they know
the laws. They don't know how to go out there

(01:55:52):
and make a real claim in the world and go
out and build or create anything. So they're gonna take
what's yours.

Speaker 4 (01:55:59):
The same thing, same thing. Oh the Maui fires out there,
same thing, do the same thing there. Tulci Gabbard was
out in front on that one as well. Yeah, yeah,
you'll you'll go to the voting booth like a fool.

Speaker 5 (01:56:16):
And vote for these same people again, people that haven't
built anything, haven't created anything in their entire life. Everybody's
falling over zohe Madami in New York City. He's thirty
three years old. He's done crap with his life. Nothing,

(01:56:38):
You're honestly nothing. He hasn't done a damn thing, never
had a real job in his entire life. And you're
gonna vote for this guy again at some point in time, people,
you know, you gotta come to the realization again. I
guess you know, we get we get what we deserve
as a society. Anyway, this this really bothers me as well,

(01:57:01):
and it's just kind of shows you just how screwed
up your news and commentary is here in this country.
Remember former US Education Secretary Bill Bennett. Yeah, he just
registered this month as a foreign agent for Qatar. Now
why is that a big deal. Well, you know he's

(01:57:23):
gonna start writing columns, that's right, op eds. He's gonna
start doing interviews. It's gonna start having meetings with elected
officials about Qatar. So you'll see, you'll see in the
op ed in the Wall Street Journal by Oh my god,
it's Bill Bennett. He's he's the former Education secretor, he's
a true conservative, and he's talking about the wonders of Qatar.

(01:57:45):
He was paid, was paid to write that. He's getting
paid thirty thousand dollars a month. Now it could be me,
call me crazy. Isn't that a paid advertisement? Shouldn't shouldn't
I mean again, we have rules here in this country
of rules against payola. Supposedly, I don't even buy that.
You know, most of anything pop culture is all payold

(01:58:05):
at this point in time. But shouldn't we know that
he is being paid to write these columns, so should
we know? And both sides of the aisle of course. Anyway,
Rant and Raven, as I always do here on the program. Again,
thank you so much everybody for tuning into Watchdog on
Wall Street Show, Give me a solid, Do me a solid,

(01:58:26):
Subscribe to that podcast of ours, and again, where do
you a solid? Become a part of our family, the
Markowski Investments family. Get to our website, Watchdog on Wallstreet
dot com. Sign up for our personal CFO program. God
bless everyone, will see you next week.

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Watchdog on Wall Street: Podcast for Weekend of July 26 - July 27 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 July 26 - July 27 2025