Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Okay, the New York Times editorial board came out.
Speaker 3 (00:22):
And said, prepare for war with China.
Speaker 4 (00:27):
I wonder, I wonder if Boeing and you know, Locky
Mind would they advertising in the New York Times.
Speaker 3 (00:34):
Now they cut them a nice check. Anyway.
Speaker 4 (00:38):
Yeah, they released a video this week calling for the
US to prepare for the future of war and urge
the Pentagon to take drastic steps to be better prepared
for a potential fight with China, a.
Speaker 3 (00:56):
Conflict that could quickly turn new more news than eleven
US politicians.
Speaker 4 (01:07):
I'm going to go through this, Okay, where geez, I
think I've seen this movie before.
Speaker 3 (01:13):
How do I just sound familiar to you? Huh? I
think I've seen this anyway.
Speaker 4 (01:18):
US politicians often boast that America has the strongest and
most powerful military in the history of the world, but
behind closed doors are being told a different story. The
New York Times Opinion has learned that the Pentagon has
been delivering a classified, comprehensive overview of US military power
called the Overmatch Brief, all sponsored by your favorite military
(01:45):
contractor anyway. The report shows what could happen if a
war were to break out between China and the United States.
The results are alarming. Results this war results would be
alarming if war breaks out with any country first and foremost.
(02:06):
But let's let's hold on here. The video said that
a war with China might seem purely hypothetical, but claim
that Chinese President Xi Jinping ordered the Chinese military to
be ready to seize the island of Taiwan by twenty
twenty seven. However, that timeline is based on claims from
(02:26):
the CIA and has never been confirmed by Chinese officials.
All it came from the because they're really a reliable source. Yeah,
they've they've been they've been on point. See I've been
on point for a very long time. No, No, they
haven't been wrong about anything. Ze reportedly told President Bien
(02:49):
last year that there were no such plans to be
ready to invade Taiwan by twenty twenty seven. The Times
editorial board said that defending Taiwan won't be easy. What
would make you think it would be easy. It's an
(03:11):
island off the shore of China. Okay, if if China
decided to take the Florida.
Speaker 3 (03:24):
Keys, it wouldn't be easy. Okay, are you kidding me?
Of course, it's difficult. Are you out of your mind?
No kidding? I mean this is the insight that you're
giving us.
Speaker 4 (03:39):
Called on the US to invest more in new technologies
such as drones rather than symbols of might, referring to
large aircraft and warships. Again, no kidding, But we should
have been doing this for a very long period of time.
Now they're saying America must be for the future of war.
(04:02):
And this is the opinion of the New York Times
Editorial Board. You might be thinking America to focus on peace,
not war. But one of the most effective ways to
prevent a war is to be strong enough to win it.
That is why it's an imperative that we change, the
board said. The board suggested several steps for the US
to take to prepare for war with China, including building
new autonomous weapons and leading the world in controlling them,
(04:26):
and relaxing rules on purchasing weapons to make bets on
young companies. I look at this, and I want everybody
to take a good hard look at the type of
money that we have spent on our military, not just
just how much we have spent on our military, but
(04:47):
how much more that we have spent than China any
of our adversaries over the years. And you would think
that that money spent would be in a way that
makes sense and would compounded over time that no one
should be you would even want to look at us
cross eyed. But no, no, what do we do? What
(05:13):
do we Oh, we got we got contractors, we got
politicians who want to keep up weapons systems that we
don't need anymore. This is all accurate, but this is
not going to change. I'm talking about this here on
the podcast. All these uh, these ancient airplanes that we're
still paying for and keeping them operational that we would
(05:33):
never use. Why well, because you know what it's going
to some some politicians district that's uh, you know, he's
been in he's been in Washington for a period of time.
I can't remember exactly who it was, anyway, neither here
nor there. This video comes after Congress unveiled a nine
hundred and one billion dollar National Defense Authorization Act, when
added to a supplemental spending bill. Okay, this will bring
(05:56):
the official US military budget to one trillion dollars. It's
been ten years since the Overmatch brief was first delivered.
Its warnings have been updated and delivered again to the
new Trump administration.
Speaker 3 (06:11):
Mm hmmm.
Speaker 4 (06:15):
Again, apparently this is al said. When a senior US
official read the brief, he turned pale.
Speaker 3 (06:23):
Uh huh.
Speaker 4 (06:25):
The Pentagon is named China as the top pacing threat
facing the US and has been openly preparing for war
with China.
Speaker 3 (06:32):
Mm hm again.
Speaker 4 (06:35):
Maybe they put this out because of you know, Trump's
latest brief and talking about worrying about our neck of
the woods in our hemisphere. I'm throwing this out to everybody. Taiwan,
Taiwan used to be a part of China. We do
not even officially recognize Taiwan as a country. Taiwan has
(06:58):
been very successful, Taiwan Semiconductor. We know what they're building
over there. I've talked about Taiwan in the past. Do
you think that the people in Taiwan are rushing out,
They're all joining the military, wanting to go to war
with China if China invades. No, No, here, here's another
(07:20):
question if China says, hey, you know what, we are
going to invade Taiwan. Are you do you want to
send your kids or your grandkids over there to fight
for an island off the coast of China which used
to be a part of China not that long ago.
(07:43):
This is the same China that's been around for thouds
of years.
Speaker 3 (07:50):
Are you willing to do that?
Speaker 4 (07:54):
No way, no how, and let's call it what it is.
Speaker 3 (08:01):
Okay.
Speaker 4 (08:02):
If China wanted to take time one, they're going to
take frickin' Taiwan period period, we'd be wasting our time.
If they want to take Taiwan, they're going to take
Taiwan again. I don't think they're that interested. I think
(08:24):
they're more interested in being the Borg.
Speaker 3 (08:26):
Okay.
Speaker 4 (08:27):
If you study the history of China, maybe pick up
a book or two in regards to their history and
how they operate. That's kind of how they operate.
Speaker 3 (08:37):
They're like the borg. They've always been that way.
Speaker 2 (08:41):
They didn't go ahead, they're not invading others have never
done that throughout their history. They kind of like assimilate,
pay tribute to the emperor, that type of thing throughout
their history. And I think that they're holding out that
Taiwan will eventually say, yeah, we want to become a
part of China.
Speaker 4 (08:57):
It's a lot cheaper. Quite frankly, I don't think that
they want to get all of the bad will that
Russia has gotten by their incursion to the Ukraine. You
don't think that they're watching this and saying, hey, you know,
this might not be a good idea. There might be
a better way of handling this. You want, you want
(09:17):
to send your kids to go fight for Taiwan, Get
the hell out of here, watch Dog on Wall Street
dot Com.