December 13, 2025 • 39 mins
Chris Markowski, the Watchdog on Wall Street, delves into the financial truths that are often obscured by mainstream narratives. He discusses the ethical implications of capitalism, the pitfalls of trading platforms like Robinhood, and the consequences of political decisions on financial justice. Markowski emphasizes the need for accountability in both the financial sector and government, while also critiquing the media's role in shaping public perception. The conversation touches on various topics, including Ponzi schemes, government spending, healthcare fraud, and the current state of the entertainment industry, culminating in a discussion about the implications of technology and regulation in the modern economy.
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Transcript
Episode Transcript
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Speaker 1 (00:09):
Well, no one altered investment banker, consumer advocate, handalyst, trader.
Speaker 2 (00:15):
Chris Markowski is the watchdog.
Speaker 3 (00:17):
The Wall Street Do you want to answer exposing the
lines and myths that the big brokerage firms, the mainstream press,
and the government are pushing to keep Americans away from
financial freedom.
Speaker 2 (00:30):
You can't handle the true proof bringing America the truth
about what really happens in the financial world.
Speaker 4 (00:37):
Ladies and gentlemen.
Speaker 1 (00:38):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 2 (00:42):
This is the Watchdog on Wall Streets.
Speaker 5 (00:47):
All right, Welcome back everybody to the Watchdog on Wall
Street Show, the place where we do take the linars,
the crooks, the chiefs out behind the woodshed, give him.
Speaker 4 (00:56):
Been a bit of a beatdown. We've been doing that
for twenty five years.
Speaker 5 (01:00):
Is now on air even longer with our newsletter and
at Markowski Investments. And again I was I jaw dropped
when I saw this story, Robin Hood.
Speaker 4 (01:13):
They are coming clean as well in regards.
Speaker 5 (01:15):
To hey, this is who we are, this is who
we are, and you know, we're just we're embracing that.
Speaker 4 (01:21):
Now.
Speaker 5 (01:22):
There's a bit of a rewind here. Prior to Robin Hood.
We were asked, we were asked to start our own
online advisory slash trading firm way back, this is well
over ten years ago. And we said no. He said no,
And why this could be hugely profitable. You got your
(01:45):
radio show. You can get the word out all these
people that want to trade on a regular basis. I
mean you could even service them piece of cake, go
out there and market it. No, no, yes, yes, without
a doubt. We could have legally made a hell of
a lot of money doing that. We could have legally
made a hell of a lot of money doing that.
(02:08):
But there's such thing as good money versus bad money.
And in my opinion, it matters how you go about
making a living. It does is where hey, I different
a lot with it. It's that line in Godfather Ion
where Don Corleoni is telling Salatso the third is, I
(02:32):
don't care how any man makes a living as long
as his interest, don't you know, differ with mine?
Speaker 4 (02:36):
Now, No, no, it matters to me. It matters to
me what you do for a living.
Speaker 5 (02:41):
That's that's part of the problem that we have with
society is the fact that you know, we get this idea.
It's capitalism, it's anything goes no no, no no. Capitalism
must have a moral grounding. Now people say, well, you
know you're just providing a service, letting people do stuff
on their own. I know what's gonna happen. I know
(03:02):
that people are going to lose. We've studied this, We've
gone over the way whatever they an initial discount houses
started up during the nineteen nineties. We went over the
books here we saw how poorly everyone did, individual investors did,
and how human beings, quite frankly, are not hardwired to
(03:24):
be good investors gamblers. And that's what I knew it
would turn into. And that's basically what Robinhood has turned into.
And this story was it was unbelievable. They had like
some summit, Robin Robinhood had a summit in Las Vegas
and people coming out there and they were cheering what
(03:45):
was going on, And you know they're building a cultier
and you know all these things that you know, people
are buying with these various different meme stocks and get
all these ultra risky things, these these options, these zero
day options.
Speaker 4 (04:02):
That expire.
Speaker 5 (04:04):
Very very quickly, and any futures contracts which are tied
to various different events.
Speaker 4 (04:11):
I mean, there's just so much crap out there.
Speaker 5 (04:14):
It's not investing, it's gambling. And that's what I always
knew it was going to turn into. Oh, sure, I'm Robinhood.
I'm sure has some clients there that actually are not,
you know, listening to the constant little messages that they're
sending ooh, trading volumes.
Speaker 4 (04:30):
Up, oh, stocks up quarter.
Speaker 5 (04:34):
And I always ask people, I said, you know, trades
are free, Well how did they make money?
Speaker 4 (04:40):
Do you ever ask yourself that question?
Speaker 5 (04:42):
How do these they're not charging you anything for the transaction?
Speaker 4 (04:46):
How are they making money?
Speaker 5 (04:47):
They're making money off of you and the spreads and
what we talked about last hour with the high frequency
traders and selling your trades the various different firms so
they can front run them people.
Speaker 4 (05:02):
And as to say it from blue in the.
Speaker 5 (05:04):
Face, and I've been saying it for for decades now,
there's a right way of doing things in a wrong
way of doing things. And if you want to look
for short cuts in life, you know, have at it.
Speaker 4 (05:16):
Have that.
Speaker 5 (05:16):
I've never discovered any Everything in life that has meaning,
value and worth involves work, time and effort. And that's
how We've always how we built our business. That's so
put us where we're at. Anyway, I've got to follow
up on this story as well, and I know I'm
guaranteed I'm going to talk about this.
Speaker 4 (05:36):
Here and you lose your always passion Trump.
Speaker 5 (05:38):
I'm gonna get all the magas lose their mind. Okay,
First and foremost, I'm an equal opportunity basher here on
the program, I go after both sides. Would you would
you like me to be a really? Would you? Would
you want you? Would you like your person that's managing
(05:59):
your money, someone supposed to be looking out for you
and your family's best interests. Would you like them to
be a partisan hack? Really, someone that's gonna just say
things because they're you know, I'm on this team, I'm
we're on this team's jersey.
Speaker 4 (06:17):
Yeah, I don't participate in that.
Speaker 5 (06:19):
And you want to truly be pro American, you know,
follow what the founders said because they didn't like political parties.
But anyway, not neither here nor there. This bothers me
a great deal, A great deal. We've been going after again, liars, crooks, cheats.
(06:39):
We went after the bell forts, we went after the boilrooms.
We go after the big firms, and we oftentimes here
on the program discover scams while they're still operating and
warn you about them, not to mention the people that
call and inquire and ask us is this.
Speaker 4 (06:56):
On the up and up? Is this okay?
Speaker 5 (06:58):
Because again we welcome the those phone calls. We're here
to help you. Okay, You're not gonna speak to some
robo assistant. Doesn't work that way, Okay. Yeah, we might
have to take our message, but we will personally get
back to you.
Speaker 4 (07:12):
Okay.
Speaker 5 (07:14):
This guy on Long Island has bothered me too, because
I used to live on Long Island, not far from here.
This David Genteel one point, don't put this one point
six billion dollar ponzi scheme. One point six billion dollar
(07:34):
ponzi scheme. Found guilty, sent to jail, Trump freedom to
four days. Trump pardoned him after four days. And it
gets worse, It gets worse, And I'm sorry me, do
(07:55):
me a favor, okay, Okay, all the super Trumpsters out there,
try defending Try, I dare you.
Speaker 4 (08:03):
Okay.
Speaker 5 (08:04):
Not only that, his commutation wipes away all further fines
and restitution. Yeah, yeah, he was saying he had to
pay money back to people that he stole, but no
that this commutation is going to do away with that.
I'm going to read to you some of the things,
(08:25):
some of these statements from some of the victims. Okay,
and again I'm waiting for somebody tell me that this
is okay. Okay. I lost my whole life savings. It
was my intention to take the money out, which I
was not allowed to. In the end, this money was
to pay for necessary repairs at my home and other bills,
including medical bills. I was forced to take out a
(08:46):
home equity loan on my home at ten percent. Any
help that can be given, both in monetary measures and
also through expediting the payout would be appreciated.
Speaker 4 (08:55):
I am living from check to check another one. The
loss of.
Speaker 5 (08:59):
Retirement income has made a significant impact on our daily lives.
Our inability to meet our housing expenses necessitated us taking
on credit card debt to maintain our home, in which
we provide housing for our handicapped son. You can imagine
the anxiety this has caused us in providing for his
and our needs. We now have over one hundred thousand
dollars in credit card debt. Addition to the interest we
(09:21):
have incrued to allow us to maintain our mortgage and
remain in our home.
Speaker 4 (09:26):
At the time of this investment, we had no credit
card debt.
Speaker 5 (09:30):
As elderly senior citizens at the age of eighty two
and seventy six, our ability to find additional income is
extremely limited. We are now a point of looking at
our belongings to sell just to allow us to stay
in our home. Does sound like somebody should be pardoned.
They're ripping off people that again, this is all they had.
(09:52):
It's all they had. Two years ago, I was a
diagnosed with a cute my Lloyd leukemia. The funds were
intended to help cover my treatment costs. Without those funds,
we are struggling to manage the financial burden of my illness.
This crime is on and causes immense financial loss, but
mostly deeply affected our emotional and physical well being.
Speaker 4 (10:10):
I can go on and on and on.
Speaker 5 (10:15):
This is a a fundamental problem.
Speaker 4 (10:21):
With our country.
Speaker 5 (10:23):
Is the fact that, and we talked about in terms
of or well an animal farm, some animals are more
equal than others. A man who does this to countless
people one point was one point six billion dollars Ponzi scheme,
(10:44):
gets to walk out of jail after a few days.
Not make good on all of the theft, all the
things that he and his partners did. What because he
donated to the president. I don't care who you voted for.
That's not okay, that's not okay, And I all due respect, Okay,
(11:06):
I am gonna call it out. We called out the
financials crap and the stuff that Biden was involved with
Obama Bush. We're gonna call it out because that's what
needs to be done. That's what we all have to do.
Do you understand, Okay, you're not on the president's team.
You're not on the donkeys, you're not on the elephants.
(11:26):
We should be on the same team. We should be
looking out for each other. This is the problem, okay,
we have in this country is the people in power.
They laugh at us because they pit us against one another,
get us fighting and arguing and making us angry with
(11:47):
each other.
Speaker 4 (11:48):
When they're the ones that rip us off.
Speaker 5 (11:53):
I talked about my watchdog on Wall Street acts as
Viva I started in two thousand and five. Politicians, big business,
and the media working hand in hand to serve their needs,
not ours theirs, keeping us distracted and at each other's throats.
Speaker 4 (12:17):
This is a big story. Have you heard about It
hasn't been talked about much. It should be.
Speaker 5 (12:24):
Good, hard working, honest Americans had their life saving stolen
and a guy gets to walk from prison because he
donated money to a politician. Makes me sick to my stomach.
Get us the stuff I've been fighting against now again.
My entire career have to take a break. Watchdog on
(12:49):
Wallstreet dot com. Watchdog on Wall Street dot com is
our site. Become a part of the Watchdog on Wall
Street family. Take advantage our personal CFO program, our podcast,
our newsletter, all sorts of great stuff Watchdog on Wallstreet
dot com or give us a call eight hundred four
seven one fifty.
Speaker 4 (13:09):
Nine eight four.
Speaker 1 (13:25):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 4 (13:35):
All right, welcome back, everybody.
Speaker 5 (13:39):
One of my favorite movies popped across the screen this
past week, and I actually came to the realization that
almost famous. I do love that film, Cameron Crows, my
favorite Cameron Crow film. It's twenty five. It's twenty five
years old, as year as old as this show. And
there's a there's a scene in that I was thinking
(14:01):
about it as it went by today was with you know,
Philip Seymour Hoffman, who plays this rock journalist for Cream
magazine was nathing.
Speaker 4 (14:09):
His name was Wester Bangs and he is kind.
Speaker 5 (14:13):
Of a mentor to the the the lead character in
the film, a young boy out there who tricked Rolling
Stone and essence again, I'm following this band still Water
around and he explains to the kid, he said, listen,
he said, you know, these guys, they're gonna they're gonna
apply you with uh, with alcohol and women and drugs
(14:35):
because they're cool. But you've got to recognize you gotta
do your job because you gotta understand they're the enemy.
Speaker 4 (14:42):
They're the enemy and and not a band enemy.
Speaker 5 (14:45):
And he also explained it was a great scene where
he's like, listen, the best thing you can do for
them is to be honest, is to be truthful with them,
be merciless this when when you're going after them the
because it's gonna make them better. And quite frankly, that's
(15:06):
what we have to do as a country. We have
to do better. We have to hold these people accountable.
We have to stop going into the voting booth and up,
but donkey, I'm voting donkey.
Speaker 4 (15:19):
An elephants, I'm voting this way. It's not working.
Speaker 5 (15:23):
I I was so frustrated this past week, and I'm
gonna get into why here. I'm watching what's taking place again,
and I guess I'm frustrated because I've talked about it
this year.
Speaker 4 (15:36):
I said, this is what's going to happen. This is
what's gonna happen.
Speaker 5 (15:39):
We're gonna get close to Christmas and they're gonna shove
the spending bill down our throats.
Speaker 4 (15:44):
We're gonna they're gonna stuff it with.
Speaker 5 (15:46):
All sorts of pork and earmarks that are not supposed
to be in there. They're gonna shove some sort of
you know, quick health care legislation down our throats because
nobody's paying attention. Everyone is Christmas, and we're gonna go
further into debt and they're gonna they're gonna go on TV.
Speaker 4 (16:06):
And we're working hard for the American people. We're working this,
we're working that, we're working.
Speaker 5 (16:11):
I basically came to this decision this past week. I listen,
I am never ever ever going to vote for less
bad again.
Speaker 4 (16:23):
I'm not I'm not gonna do it. I'm not gonna
I'm not gonna.
Speaker 5 (16:28):
Drag myself to the voting booth. I'm not gonna drag
myself there and say, well, you know what, well, I
gotta vote this way because it's gonna be worse if
this one wins.
Speaker 4 (16:41):
I think this.
Speaker 5 (16:41):
I believe now that that reasoning is flawed, because I've
been doing it my whole life.
Speaker 4 (16:48):
I think it's flawed.
Speaker 5 (16:50):
Sometimes I think things might maybe need to get worse
before they get better.
Speaker 4 (16:55):
I mean, it happens all the time in the Bible.
Speaker 5 (16:59):
Sometimes you have to take maybe two to three steps
backwards to maybe take seven to eight steps forward.
Speaker 4 (17:07):
I know, well, where's communists are gonna take over?
Speaker 5 (17:11):
I don't know about that. I don't know about that.
I think that things quite frankly need to get where.
I mean, I can't stand to watch this anymore.
Speaker 4 (17:19):
I can't. I don't know if you're paying attention, I am, okay.
Speaker 5 (17:24):
This the spending bills that they're putting through, these appropriations bills.
Speaker 4 (17:30):
Oh yeah, two thousand, eight hundred and eighty ear.
Speaker 6 (17:34):
Marks totaling five and a quarter billion dollars ear marks
Republicans are allowing this.
Speaker 4 (17:47):
They are allowing this.
Speaker 5 (17:49):
Back in twenty ten, they signed an agreement saying, oh,
we're not gonna do ear marks anymore.
Speaker 4 (17:55):
No, no, nope, We're not gonna do it. Not gonna happen.
Speaker 5 (17:58):
Okay, they just change the name of them, they don't
call them earmarks anymore. And they're allowing it. And you
watch the horse trading that is taking place. Chuck Schumer
is getting earmarks, Kirsten Gillibrand is getting earmarks.
Speaker 4 (18:14):
Because oh jeez, Republicans are getting earmarks.
Speaker 5 (18:19):
Seven hundred and thirty thousand on Green New Deal renewable
energy job training in Alaska, seven million dollars sports Arena
West Virginia, forty two million on a single school district
in South Dakota. Three hundred and fifty thousand dollars to
refurbish an elephant shape building in New Jersey. Two million
(18:39):
dollars to a union the AFLCIO, one million dollars to
the Atlanta Braves, seven hundred and fifty thousand dollars to
the Lincoln Center in Manhattan. Two million dollars for a
fish passageway in Rhode Island. And I can go on,
and I can go on, so again, correct me if
(19:03):
I'm wrong, just throwing this out there. The Republican Party
does have the presidency, the House, and the Senate, right,
oh yeah, yeah, they do, and they're still allowing this.
Oh oh, the Defense got everything that they wanted, right, Defense,
(19:24):
the Defense Appropriation Bill.
Speaker 4 (19:25):
Oh listen, look at where your tax dollars are going, folks.
Oh yeah, oh yeah, oh wow. Look at this.
Speaker 5 (19:32):
Syria okay, gets money, Ukraine gets what eight hundred million
dollars over the next couple of years, Taiwan gets a
billion up, We're keeping twenty eight five hundred troops stationed.
Speaker 4 (19:45):
In South Korea.
Speaker 5 (19:46):
We're keeping seventy six thousand troops in Europe. Guess what
actually in this bill again, Republicans are running it at
the military academies. It's bill to allow for men to
compete in women's sports. Again, I'm not making this up.
(20:07):
I'm not making this up. Meanwhile, you know guys like
Tim Burchett. Tim Burchett have had a bill. I've had
a bill sitting there looking to defund the Taliban, where
we send forty million dollars a week, and now it
can't make it through committee. We send the Taliban forty
million dollars a week. Now, I want you to think
about that. All the magas of Republican whos are vote for,
(20:29):
they won't push this through. This is where your tax
dollars are going. Watchdogs on Wallstreet dot com. Watchdog on
wallstreet dot com.
Speaker 1 (20:43):
You're listening to the watchdog on Wall Street taking Wall
Streets liars, crooks, and chets out behind the woodshed. You're
(21:08):
listening to the watchdog on Wall Streets.
Speaker 4 (21:13):
Oh yeah.
Speaker 5 (21:13):
By the way, Tim Burchett, he's trying to get rid
of this this money, forty million dollars a week that
we're sending to the Taliban. It's being blocked in the
Senate by Republicans to protect a staffer, Oh yeah, yeah,
to protect a staffer by the name of Tom West,
whose security clearance was denied by Tulci Gabbard over his
(21:35):
ties to the Taliban.
Speaker 4 (21:38):
Again, we're over thirty eight trillion.
Speaker 5 (21:40):
Dollars in debt, over thirty eight trillion dollars in debt.
We've gone two trillion dollars further into debt this year.
But we still can't afford to send the Taliban forty
million dollars a week.
Speaker 4 (21:56):
Anyway.
Speaker 5 (21:57):
Healthcare I h I'm watching again. You're watching many Republicans,
so called Republicans cave cave. You've got some Republicans asking
for a two year extension, some a three year extension.
Speaker 4 (22:19):
Of COVID era Biden subsidies. But there's own no work.
Speaker 5 (22:26):
We're gonna get rid of We're gonna have means testing,
and we're gonna we're gonna make sure that it's all.
Speaker 4 (22:29):
Cleaned up, and we're gonna get rid of fraud. All
this stuff. What a bunch of bs.
Speaker 5 (22:36):
Let's put this in a perspective for all of us
that pay for our health insurance. Obamacare subsidies have been granted,
have been granted without the required documentation ninety percent of
fictitious applicants over the past two years.
Speaker 4 (23:00):
Ninety percent. This is insane. They don't even check.
Speaker 5 (23:07):
To make sure the Social Security number is accurate, they
don't check the names.
Speaker 4 (23:12):
They don't check a darn thing. They just hand it out.
How is this okay? How is this okay?
Speaker 5 (23:23):
I get so upset over this, because, you know what,
there are people that actually do need help, and these
government workers that are in these positions that just let
this stuff slide, that just let it go it's not
my money. Why do I care? Why am I gonna
lift the finger? What is wrong with you?
Speaker 3 (23:45):
Well?
Speaker 4 (23:46):
I mean honestly, and I guess what do you think
that these people will ever.
Speaker 5 (23:49):
Lose their job? No, no, they're gonna lose their job.
They're a government worker. For crying out loud, the amount
of so fake social Security numbers linked people who were
dead all collecting this. Oh, and you think that they're
gonna all of a sudden clean this up. Give me
a break, give me a break. But again again, you
(24:14):
got plenty of Republicans. Oh, no, you know, we gotta,
we gotta. We're working hard on this year. Every interview
out there, Oh, hard work and work, it's hard work
to be done, working, hard, working, hard working hard. You
guys are so pathetic and sad. Republican Party is so
pathetic and sad. I mean again, they go up there.
(24:36):
I mean, aren't you embarrassed like a Sebastian Manuscalco stand
up routine, that whole thing he did, the aren't you embarrassed?
Speaker 4 (24:42):
One?
Speaker 5 (24:42):
Aren't you embarrassed that you've had fifteen years to come
up with something to replace this albatross with and you've
got nothing outside of Rand Paul, You've got nothing Again.
I want to go back in time. Okay, I told
(25:03):
people want to blame John McCain. Okay, here is a
bit of a newsflash for you. Okay, John McCain gave
the thumbs down on repealing Obamacare. Why was it John McCain, Well,
I'm here to tell you Republicans asked him to do
it because they already knew. Everybody the world knew how
(25:24):
much he and Trump they couldn't stand one another because again,
Trump said some pretty horrible things about him. Anyway, neither
here nor there. If it wasn't John McCain, it would
have been someone else. Why repeal and replace? They didn't
have anything to replace it with. They couldn't even agree
(25:45):
to go back to the way things were.
Speaker 4 (25:47):
But with the Rick sand.
Speaker 5 (25:48):
Torum Hi deductive health insurance coupled with health savings accounts?
Speaker 4 (25:53):
Why because they're all bought? Do you understand? Go check yourself.
You can take my word for Why don't you go
take a.
Speaker 5 (26:02):
Look at the type of money that insurance companies pay
out to both donkeys and elephants.
Speaker 4 (26:11):
Oh, oh, you want another want some more numbers for you?
How about this one?
Speaker 5 (26:14):
Okay, Obamacare basically kicked into full gear twenty fourteen. Right
right around that point in time off and running basically
all out Obamacare twenty fourteen, put that date on it.
Speaker 4 (26:28):
Health insurance companies.
Speaker 5 (26:29):
The revenues were about four one hundred billion dollars back
in twenty fourteen. You know what, the revenue is now
over one and a half trillion, over one and a
half trillion dollars.
Speaker 4 (26:43):
Where do most of those revenues come from? Tax dollars? Yeah,
it's just just transfer, just transfer.
Speaker 5 (26:51):
It's just you know, the government sending insurance companies our
tax dollars, and they're gonna keep taking it as long
as you keep giving it to them, gonna keep taking it.
You know what, Well, our costs are going up. You're
gonna have to pay us more. But they're the government's
gonna say no, obviously not obviously. Not that they're falling
all over one another to come up with an excuse
to extend these COVID era subsidies.
Speaker 4 (27:19):
You should be sick to your stomach over this. And again,
Oh I'm on this team. I'm on that team.
Speaker 5 (27:27):
No, no, no, no, no, people, we've got to get together and
we've got to be on the same team.
Speaker 4 (27:32):
We have to be on the same team because the
people there, they're not They're not on our team.
Speaker 5 (27:39):
They're putting our kids and our grandkids further into debt
and not doing anything. Oh Republican, Oh, we gotta where
where We're gonna a journ on Monday. You know, twenty
second we gotta leave. You're gonna leave. No, no, no, you
guys shouldn't go anywhere for crying out loud. Government was
shut down. You should get work done. Actually, get a
(28:01):
reform bill done before you go home, do your job.
Speaker 4 (28:06):
Watchdog on Wallstreet dot com.
Speaker 5 (28:08):
Watchdog on Wallstreet dot com.
Speaker 4 (28:11):
Don't go anywhere. We'll be back.
Speaker 2 (28:27):
This is the Watchdog on Wall Street.
Speaker 5 (28:42):
Yeah, I'm going back at the end of the year here,
but people have been listening to this program. No how
excited I was with Donald Trump, what I thought he
had in store for us beginning part of his presidency,
(29:02):
leading up to unfortunately Liberation Day and the tariffs. He
was on the right path. He was on the right path.
This is this is some pretty amazing information right here.
You take a look at when Donald Trump's approval peaked.
He had approval ratings sixty plus know when that peaked
(29:28):
when they kicked off Doze.
Speaker 4 (29:31):
I'm not kidding.
Speaker 5 (29:33):
When Elon Musk and Doze started up, you had Elon
Musk out there talking about government waste and fraud and
all of these things. Donald Trump's approval ratings were above
sixty percent. They kicked them out of town. They kicked him.
(29:55):
Both Democrats and Republicans wanted no part of Elon Musk
as they want to continue to get fat, happy and wealthy.
Not just them, all of their buddies, all of their friends.
Highest per capita, highest per capita salaries in the entire
country is Washington, DC where they build.
Speaker 4 (30:17):
They neither build nor create anything anything, They just steal. Washington,
d C. Is the capital of theft.
Speaker 5 (30:32):
NGOs, various different multi tech government organizations with their little grift,
everyone wedding their beak Like Don Ferucci. Elon Musk wanted
to cut that thing down to size, and the country
was thrilled, and they threw them out.
Speaker 4 (30:54):
Anyway, got to talk a little bit about this this
one again. I can't get my arms around this.
Speaker 5 (31:02):
I can't The story this past week about in Video
and the Invidio chips going to China and how the
Trump talked Masesian Ping, and We're going to be sending
Invidio chips to China, these eight two hundred chips.
Speaker 4 (31:20):
But then China comes back and says, we.
Speaker 5 (31:22):
Don't want your chips, and then we find out that
they've been stealing these chips. Anyway, I'm gonna try to
make heads or tails out of this because it's crazy.
Speaker 4 (31:32):
When we get back, don't go anywhere.
Speaker 5 (31:34):
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot Com.
Speaker 1 (31:43):
Chris Markowski is the Watchdog on Wall Street, the only
(32:04):
man who is taking on the Wall Street establishments. You're
listening to the Watchdog and Wall Street with Chris Markowski.
Speaker 5 (32:12):
Yeah, I'm starting to believe that some stories are just
they're so confusing that I think that the media just
walks away from them.
Speaker 4 (32:21):
I do again.
Speaker 5 (32:23):
They are basically marketing to fifth and sixth grade intelligence level.
Speaker 4 (32:27):
They are. They are I kid you not.
Speaker 5 (32:30):
You want to know the top story Thursday morning, I'm
doing my prep work, okay, going through my various different sites.
I go onto Fox Business's website. You want to know
what their top story was for the day was how
much the power ball pot was at that point in time.
This is a bloody business station. What do we in idiocracy?
(32:53):
Their top story was how big the Powerball winnings pot
was going to be?
Speaker 4 (33:00):
To pull my hair out for crime out loud.
Speaker 5 (33:04):
Anyway, Yes, some of these stories I think that the
meat is, Oh, you know, we're not going to be
able to We're not going to be able to put
this together in a TikTok.
Speaker 4 (33:13):
So you know we can't explain it in a TikTok.
We're not going to cover that story.
Speaker 5 (33:17):
This whole chips thing with Nvidia is insane. The very
day that Trump approves the sale of these h two
hundred chips to China and said that he and Zijinping
had this very good talk, then that very same day,
the Department of Justice arrests these smugglers, Chinese smugglers for
(33:43):
these eighth two hundred chips in Secaucus, New Jersey. They
have no idea how many have been already shipped to China.
The Department of Justice also puts out this statement, these
chips are the building blocks of AI superiority and our
integral to modern military applications. The country that controls these
chips will control AI technology. The country that controls AI
(34:05):
technology will control the future. Okay, hold on, I'm sorry,
I'm sorry, I'm confused and bewildered here. Okay, I thought
that China is our big adversary and we've got to
increase defense spending because we've got to deal with China.
But we're gonna be sending them these chips that are
(34:28):
gonna be make them AI superior.
Speaker 4 (34:31):
I don't get it.
Speaker 5 (34:32):
And then the very next day, Disision Pink came out
and said, ah, you're too late. We don't really want
your chips anyway. Again, it might involve a few reporters
and actually cover this entire story and dig into it.
Might not make it onto a TikTok or an Instagram,
but it might be something you might want to look
(34:54):
into because it makes no sense whatsoever. You have a
big business story this past week, Netflix to buy Warner
Brothers after split for seventy two billion dollars, and then
you've got Paramount sky Dance coming and say, wait, wait, wait,
wait wait.
Speaker 4 (35:12):
No, we're going to offer an all.
Speaker 5 (35:14):
Cash deal of thirty dollars a year and maybe even
higher than that. Listen, Netflix is again kind of an
amazing story and how that that company is built However,
what argue most of their their content that they come
up with. I mean, my opinion, outside of you know,
(35:35):
the old the first couple of seasons of House of Cards,
and I like Stranger Things as well, most of it's
just horrible.
Speaker 4 (35:42):
It's horrible. And they're going to be.
Speaker 5 (35:43):
Buying into obviously a large library of films. And they said, well,
we're still going to allow other people to use them.
I don't know why they would do that. You have
ownership of those things, you're going to make people want
to go through you. I don't know about you people.
I feel this way. I almost want to go back
to the old cable box I do. I have no
idea what I even spend money on. It's almost impossible
(36:06):
to find anything you want to watch. Forget about sports.
Who knows what?
Speaker 4 (36:09):
You know?
Speaker 5 (36:10):
What station you gotta watch something on. I'm kind of
tired of it. Iveryon want to watch much TV anymore.
Nor do I go to the movies anymore, because your
stuff's terrible. Your stuff is terrible. It was actually a
story about that as well as past week, talking about
you know how movie theaters are, you know, on their
last legs they are. It's a bit unfortunate if you
(36:32):
ask me, because you know, it's kind of a cultural
thing back in the day. But hey, when you put
out crappy product, what do you think is gonna happen again?
I swore after I went to go see Again, I
was all excited to see Gladiator too. That was the
last time I went to the movie theater. Last time
I went to the movie theater. I was so upset
and how bad that movie was. I may go next
year to see The Odyssey. Okay, but any of that,
(36:55):
it's it's garbage. I think that bothers me when it
comes to this though. Again, I wish the President wouldn't
get himself involved. When he comes out and starts saying, well,
you know, I got to be involved with this, and
I you know, I think that they should take CNN
with it and all these things. I was like, you're
the president of the United States, Okay, you're supposed to
(37:16):
stay out of it. Okay, it's not we're looking for
as much as we don't want the umpire to get
involved in a baseball game like Enrico Palazzo and Naked Gun. Okay,
remember that the Empire Leslie needs Tom anyway, Neither here
nor there.
Speaker 4 (37:31):
That's not your job. Let the market decide again.
Speaker 5 (37:38):
Yeah, what is it gonna do? Okay, they're gonna own
some of the movies. I don't know what to tell you. Okay,
it's not like they're making anything, you know, halfway decent?
Now anyway, all right, this as well, this is something
that needs to happen. And Elon muskets spot on with this.
The European Commission really needs to go away. My jaw dropped.
(37:59):
I cannot believe that they had the actual goal to
go after X one hundred and forty million dollars fine
for X because of something with their blue check marks.
Speaker 4 (38:12):
I got one of those blue check marks on X.
Speaker 5 (38:14):
And the funny thing is they went after Elon Musk,
but they didn't go after Beta, who has the same
exact program. Actually, and the funny thing is this European
Commission again, I well versed in the EU. They're they're
it's not undemocratic, Okay, they're appointed and they act like
(38:35):
little dictators.
Speaker 4 (38:36):
But Elon Musk ends up getting the last laugh on
this one.
Speaker 5 (38:38):
You don't know why X is the number one app
and like every country, almost every country in Europe right now,
I mean, it was the tops for.
Speaker 4 (38:49):
Many of them.
Speaker 5 (38:49):
Never blows everybody away, you know, maybe again it's the
same thing. It's when you get people that do not
build anything or create anything, much like a you know
less shrugged iron Ran getting involved in the process. What
do you actually build or create in Europe anymore? Do
you have any tech companies at all? And the reason
(39:11):
why you don't is because of you. Let the free
market rain my friends, watchdog on Wall street dot com,
watchdog on Wall street dot com, don't go anywhere, We'll
be back.
Speaker 1 (39:30):
You're listening to the watchdog on Wall Street
Well, no one altered investment banker, consumer advocate, handalyst, trader.
Speaker 2 (00:15):
Chris Markowski is the watchdog.
Speaker 3 (00:17):
The Wall Street Do you want to answer exposing the
lines and myths that the big brokerage firms, the mainstream press,
and the government are pushing to keep Americans away from
financial freedom.
Speaker 2 (00:30):
You can't handle the true proof bringing America the truth
about what really happens in the financial world.
Speaker 4 (00:37):
Ladies and gentlemen.
Speaker 1 (00:38):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 2 (00:42):
This is the Watchdog on Wall Streets.
Speaker 5 (00:47):
All right, Welcome back everybody to the Watchdog on Wall
Street Show, the place where we do take the linars,
the crooks, the chiefs out behind the woodshed, give him.
Speaker 4 (00:56):
Been a bit of a beatdown. We've been doing that
for twenty five years.
Speaker 5 (01:00):
Is now on air even longer with our newsletter and
at Markowski Investments. And again I was I jaw dropped
when I saw this story, Robin Hood.
Speaker 4 (01:13):
They are coming clean as well in regards.
Speaker 5 (01:15):
To hey, this is who we are, this is who
we are, and you know, we're just we're embracing that.
Speaker 4 (01:21):
Now.
Speaker 5 (01:22):
There's a bit of a rewind here. Prior to Robin Hood.
We were asked, we were asked to start our own
online advisory slash trading firm way back, this is well
over ten years ago. And we said no. He said no,
And why this could be hugely profitable. You got your
(01:45):
radio show. You can get the word out all these
people that want to trade on a regular basis. I
mean you could even service them piece of cake, go
out there and market it. No, no, yes, yes, without
a doubt. We could have legally made a hell of
a lot of money doing that. We could have legally
made a hell of a lot of money doing that.
(02:08):
But there's such thing as good money versus bad money.
And in my opinion, it matters how you go about
making a living. It does is where hey, I different
a lot with it. It's that line in Godfather Ion
where Don Corleoni is telling Salatso the third is, I
(02:32):
don't care how any man makes a living as long
as his interest, don't you know, differ with mine?
Speaker 4 (02:36):
Now, No, no, it matters to me. It matters to
me what you do for a living.
Speaker 5 (02:41):
That's that's part of the problem that we have with
society is the fact that you know, we get this idea.
It's capitalism, it's anything goes no no, no no. Capitalism
must have a moral grounding. Now people say, well, you
know you're just providing a service, letting people do stuff
on their own. I know what's gonna happen. I know
(03:02):
that people are going to lose. We've studied this, We've
gone over the way whatever they an initial discount houses
started up during the nineteen nineties. We went over the
books here we saw how poorly everyone did, individual investors did,
and how human beings, quite frankly, are not hardwired to
(03:24):
be good investors gamblers. And that's what I knew it
would turn into. And that's basically what Robinhood has turned into.
And this story was it was unbelievable. They had like
some summit, Robin Robinhood had a summit in Las Vegas
and people coming out there and they were cheering what
(03:45):
was going on, And you know they're building a cultier
and you know all these things that you know, people
are buying with these various different meme stocks and get
all these ultra risky things, these these options, these zero
day options.
Speaker 4 (04:02):
That expire.
Speaker 5 (04:04):
Very very quickly, and any futures contracts which are tied
to various different events.
Speaker 4 (04:11):
I mean, there's just so much crap out there.
Speaker 5 (04:14):
It's not investing, it's gambling. And that's what I always
knew it was going to turn into. Oh, sure, I'm Robinhood.
I'm sure has some clients there that actually are not,
you know, listening to the constant little messages that they're
sending ooh, trading volumes.
Speaker 4 (04:30):
Up, oh, stocks up quarter.
Speaker 5 (04:34):
And I always ask people, I said, you know, trades
are free, Well how did they make money?
Speaker 4 (04:40):
Do you ever ask yourself that question?
Speaker 5 (04:42):
How do these they're not charging you anything for the transaction?
Speaker 4 (04:46):
How are they making money?
Speaker 5 (04:47):
They're making money off of you and the spreads and
what we talked about last hour with the high frequency
traders and selling your trades the various different firms so
they can front run them people.
Speaker 4 (05:02):
And as to say it from blue in the.
Speaker 5 (05:04):
Face, and I've been saying it for for decades now,
there's a right way of doing things in a wrong
way of doing things. And if you want to look
for short cuts in life, you know, have at it.
Speaker 4 (05:16):
Have that.
Speaker 5 (05:16):
I've never discovered any Everything in life that has meaning,
value and worth involves work, time and effort. And that's
how We've always how we built our business. That's so
put us where we're at. Anyway, I've got to follow
up on this story as well, and I know I'm
guaranteed I'm going to talk about this.
Speaker 4 (05:36):
Here and you lose your always passion Trump.
Speaker 5 (05:38):
I'm gonna get all the magas lose their mind. Okay,
First and foremost, I'm an equal opportunity basher here on
the program, I go after both sides. Would you would
you like me to be a really? Would you? Would
you want you? Would you like your person that's managing
(05:59):
your money, someone supposed to be looking out for you
and your family's best interests. Would you like them to
be a partisan hack? Really, someone that's gonna just say
things because they're you know, I'm on this team, I'm
we're on this team's jersey.
Speaker 4 (06:17):
Yeah, I don't participate in that.
Speaker 5 (06:19):
And you want to truly be pro American, you know,
follow what the founders said because they didn't like political parties.
But anyway, not neither here nor there. This bothers me
a great deal, A great deal. We've been going after again, liars, crooks, cheats.
(06:39):
We went after the bell forts, we went after the boilrooms.
We go after the big firms, and we oftentimes here
on the program discover scams while they're still operating and
warn you about them, not to mention the people that
call and inquire and ask us is this.
Speaker 4 (06:56):
On the up and up? Is this okay?
Speaker 5 (06:58):
Because again we welcome the those phone calls. We're here
to help you. Okay, You're not gonna speak to some
robo assistant. Doesn't work that way, Okay. Yeah, we might
have to take our message, but we will personally get
back to you.
Speaker 4 (07:12):
Okay.
Speaker 5 (07:14):
This guy on Long Island has bothered me too, because
I used to live on Long Island, not far from here.
This David Genteel one point, don't put this one point
six billion dollar ponzi scheme. One point six billion dollar
(07:34):
ponzi scheme. Found guilty, sent to jail, Trump freedom to
four days. Trump pardoned him after four days. And it
gets worse, It gets worse, And I'm sorry me, do
(07:55):
me a favor, okay, Okay, all the super Trumpsters out there,
try defending Try, I dare you.
Speaker 4 (08:03):
Okay.
Speaker 5 (08:04):
Not only that, his commutation wipes away all further fines
and restitution. Yeah, yeah, he was saying he had to
pay money back to people that he stole, but no
that this commutation is going to do away with that.
I'm going to read to you some of the things,
(08:25):
some of these statements from some of the victims. Okay,
and again I'm waiting for somebody tell me that this
is okay. Okay. I lost my whole life savings. It
was my intention to take the money out, which I
was not allowed to. In the end, this money was
to pay for necessary repairs at my home and other bills,
including medical bills. I was forced to take out a
(08:46):
home equity loan on my home at ten percent. Any
help that can be given, both in monetary measures and
also through expediting the payout would be appreciated.
Speaker 4 (08:55):
I am living from check to check another one. The
loss of.
Speaker 5 (08:59):
Retirement income has made a significant impact on our daily lives.
Our inability to meet our housing expenses necessitated us taking
on credit card debt to maintain our home, in which
we provide housing for our handicapped son. You can imagine
the anxiety this has caused us in providing for his
and our needs. We now have over one hundred thousand
dollars in credit card debt. Addition to the interest we
(09:21):
have incrued to allow us to maintain our mortgage and
remain in our home.
Speaker 4 (09:26):
At the time of this investment, we had no credit
card debt.
Speaker 5 (09:30):
As elderly senior citizens at the age of eighty two
and seventy six, our ability to find additional income is
extremely limited. We are now a point of looking at
our belongings to sell just to allow us to stay
in our home. Does sound like somebody should be pardoned.
They're ripping off people that again, this is all they had.
(09:52):
It's all they had. Two years ago, I was a
diagnosed with a cute my Lloyd leukemia. The funds were
intended to help cover my treatment costs. Without those funds,
we are struggling to manage the financial burden of my illness.
This crime is on and causes immense financial loss, but
mostly deeply affected our emotional and physical well being.
Speaker 4 (10:10):
I can go on and on and on.
Speaker 5 (10:15):
This is a a fundamental problem.
Speaker 4 (10:21):
With our country.
Speaker 5 (10:23):
Is the fact that, and we talked about in terms
of or well an animal farm, some animals are more
equal than others. A man who does this to countless
people one point was one point six billion dollars Ponzi scheme,
(10:44):
gets to walk out of jail after a few days.
Not make good on all of the theft, all the
things that he and his partners did. What because he
donated to the president. I don't care who you voted for.
That's not okay, that's not okay, And I all due respect, Okay,
(11:06):
I am gonna call it out. We called out the
financials crap and the stuff that Biden was involved with
Obama Bush. We're gonna call it out because that's what
needs to be done. That's what we all have to do.
Do you understand, Okay, you're not on the president's team.
You're not on the donkeys, you're not on the elephants.
(11:26):
We should be on the same team. We should be
looking out for each other. This is the problem, okay,
we have in this country is the people in power.
They laugh at us because they pit us against one another,
get us fighting and arguing and making us angry with
(11:47):
each other.
Speaker 4 (11:48):
When they're the ones that rip us off.
Speaker 5 (11:53):
I talked about my watchdog on Wall Street acts as
Viva I started in two thousand and five. Politicians, big business,
and the media working hand in hand to serve their needs,
not ours theirs, keeping us distracted and at each other's throats.
Speaker 4 (12:17):
This is a big story. Have you heard about It
hasn't been talked about much. It should be.
Speaker 5 (12:24):
Good, hard working, honest Americans had their life saving stolen
and a guy gets to walk from prison because he
donated money to a politician. Makes me sick to my stomach.
Get us the stuff I've been fighting against now again.
My entire career have to take a break. Watchdog on
(12:49):
Wallstreet dot com. Watchdog on Wall Street dot com is
our site. Become a part of the Watchdog on Wall
Street family. Take advantage our personal CFO program, our podcast,
our newsletter, all sorts of great stuff Watchdog on Wallstreet
dot com or give us a call eight hundred four
seven one fifty.
Speaker 4 (13:09):
Nine eight four.
Speaker 1 (13:25):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 4 (13:35):
All right, welcome back, everybody.
Speaker 5 (13:39):
One of my favorite movies popped across the screen this
past week, and I actually came to the realization that
almost famous. I do love that film, Cameron Crows, my
favorite Cameron Crow film. It's twenty five. It's twenty five
years old, as year as old as this show. And
there's a there's a scene in that I was thinking
(14:01):
about it as it went by today was with you know,
Philip Seymour Hoffman, who plays this rock journalist for Cream
magazine was nathing.
Speaker 4 (14:09):
His name was Wester Bangs and he is kind.
Speaker 5 (14:13):
Of a mentor to the the the lead character in
the film, a young boy out there who tricked Rolling
Stone and essence again, I'm following this band still Water
around and he explains to the kid, he said, listen,
he said, you know, these guys, they're gonna they're gonna
apply you with uh, with alcohol and women and drugs
(14:35):
because they're cool. But you've got to recognize you gotta
do your job because you gotta understand they're the enemy.
Speaker 4 (14:42):
They're the enemy and and not a band enemy.
Speaker 5 (14:45):
And he also explained it was a great scene where
he's like, listen, the best thing you can do for
them is to be honest, is to be truthful with them,
be merciless this when when you're going after them the
because it's gonna make them better. And quite frankly, that's
(15:06):
what we have to do as a country. We have
to do better. We have to hold these people accountable.
We have to stop going into the voting booth and up,
but donkey, I'm voting donkey.
Speaker 4 (15:19):
An elephants, I'm voting this way. It's not working.
Speaker 5 (15:23):
I I was so frustrated this past week, and I'm
gonna get into why here. I'm watching what's taking place again,
and I guess I'm frustrated because I've talked about it
this year.
Speaker 4 (15:36):
I said, this is what's going to happen. This is
what's gonna happen.
Speaker 5 (15:39):
We're gonna get close to Christmas and they're gonna shove
the spending bill down our throats.
Speaker 4 (15:44):
We're gonna they're gonna stuff it with.
Speaker 5 (15:46):
All sorts of pork and earmarks that are not supposed
to be in there. They're gonna shove some sort of
you know, quick health care legislation down our throats because
nobody's paying attention. Everyone is Christmas, and we're gonna go
further into debt and they're gonna they're gonna go on TV.
Speaker 4 (16:06):
And we're working hard for the American people. We're working this,
we're working that, we're working.
Speaker 5 (16:11):
I basically came to this decision this past week. I listen,
I am never ever ever going to vote for less
bad again.
Speaker 4 (16:23):
I'm not I'm not gonna do it. I'm not gonna
I'm not gonna.
Speaker 5 (16:28):
Drag myself to the voting booth. I'm not gonna drag
myself there and say, well, you know what, well, I
gotta vote this way because it's gonna be worse if
this one wins.
Speaker 4 (16:41):
I think this.
Speaker 5 (16:41):
I believe now that that reasoning is flawed, because I've
been doing it my whole life.
Speaker 4 (16:48):
I think it's flawed.
Speaker 5 (16:50):
Sometimes I think things might maybe need to get worse
before they get better.
Speaker 4 (16:55):
I mean, it happens all the time in the Bible.
Speaker 5 (16:59):
Sometimes you have to take maybe two to three steps
backwards to maybe take seven to eight steps forward.
Speaker 4 (17:07):
I know, well, where's communists are gonna take over?
Speaker 5 (17:11):
I don't know about that. I don't know about that.
I think that things quite frankly need to get where.
I mean, I can't stand to watch this anymore.
Speaker 4 (17:19):
I can't. I don't know if you're paying attention, I am, okay.
Speaker 5 (17:24):
This the spending bills that they're putting through, these appropriations bills.
Speaker 4 (17:30):
Oh yeah, two thousand, eight hundred and eighty ear.
Speaker 6 (17:34):
Marks totaling five and a quarter billion dollars ear marks
Republicans are allowing this.
Speaker 4 (17:47):
They are allowing this.
Speaker 5 (17:49):
Back in twenty ten, they signed an agreement saying, oh,
we're not gonna do ear marks anymore.
Speaker 4 (17:55):
No, no, nope, We're not gonna do it. Not gonna happen.
Speaker 5 (17:58):
Okay, they just change the name of them, they don't
call them earmarks anymore. And they're allowing it. And you
watch the horse trading that is taking place. Chuck Schumer
is getting earmarks, Kirsten Gillibrand is getting earmarks.
Speaker 4 (18:14):
Because oh jeez, Republicans are getting earmarks.
Speaker 5 (18:19):
Seven hundred and thirty thousand on Green New Deal renewable
energy job training in Alaska, seven million dollars sports Arena
West Virginia, forty two million on a single school district
in South Dakota. Three hundred and fifty thousand dollars to
refurbish an elephant shape building in New Jersey. Two million
(18:39):
dollars to a union the AFLCIO, one million dollars to
the Atlanta Braves, seven hundred and fifty thousand dollars to
the Lincoln Center in Manhattan. Two million dollars for a
fish passageway in Rhode Island. And I can go on,
and I can go on, so again, correct me if
(19:03):
I'm wrong, just throwing this out there. The Republican Party
does have the presidency, the House, and the Senate, right,
oh yeah, yeah, they do, and they're still allowing this.
Oh oh, the Defense got everything that they wanted, right, Defense,
(19:24):
the Defense Appropriation Bill.
Speaker 4 (19:25):
Oh listen, look at where your tax dollars are going, folks.
Oh yeah, oh yeah, oh wow. Look at this.
Speaker 5 (19:32):
Syria okay, gets money, Ukraine gets what eight hundred million
dollars over the next couple of years, Taiwan gets a
billion up, We're keeping twenty eight five hundred troops stationed.
Speaker 4 (19:45):
In South Korea.
Speaker 5 (19:46):
We're keeping seventy six thousand troops in Europe. Guess what
actually in this bill again, Republicans are running it at
the military academies. It's bill to allow for men to
compete in women's sports. Again, I'm not making this up.
(20:07):
I'm not making this up. Meanwhile, you know guys like
Tim Burchett. Tim Burchett have had a bill. I've had
a bill sitting there looking to defund the Taliban, where
we send forty million dollars a week, and now it
can't make it through committee. We send the Taliban forty
million dollars a week. Now, I want you to think
about that. All the magas of Republican whos are vote for,
(20:29):
they won't push this through. This is where your tax
dollars are going. Watchdogs on Wallstreet dot com. Watchdog on
wallstreet dot com.
Speaker 1 (20:43):
You're listening to the watchdog on Wall Street taking Wall
Streets liars, crooks, and chets out behind the woodshed. You're
(21:08):
listening to the watchdog on Wall Streets.
Speaker 4 (21:13):
Oh yeah.
Speaker 5 (21:13):
By the way, Tim Burchett, he's trying to get rid
of this this money, forty million dollars a week that
we're sending to the Taliban. It's being blocked in the
Senate by Republicans to protect a staffer, Oh yeah, yeah,
to protect a staffer by the name of Tom West,
whose security clearance was denied by Tulci Gabbard over his
(21:35):
ties to the Taliban.
Speaker 4 (21:38):
Again, we're over thirty eight trillion.
Speaker 5 (21:40):
Dollars in debt, over thirty eight trillion dollars in debt.
We've gone two trillion dollars further into debt this year.
But we still can't afford to send the Taliban forty
million dollars a week.
Speaker 4 (21:56):
Anyway.
Speaker 5 (21:57):
Healthcare I h I'm watching again. You're watching many Republicans,
so called Republicans cave cave. You've got some Republicans asking
for a two year extension, some a three year extension.
Speaker 4 (22:19):
Of COVID era Biden subsidies. But there's own no work.
Speaker 5 (22:26):
We're gonna get rid of We're gonna have means testing,
and we're gonna we're gonna make sure that it's all.
Speaker 4 (22:29):
Cleaned up, and we're gonna get rid of fraud. All
this stuff. What a bunch of bs.
Speaker 5 (22:36):
Let's put this in a perspective for all of us
that pay for our health insurance. Obamacare subsidies have been granted,
have been granted without the required documentation ninety percent of
fictitious applicants over the past two years.
Speaker 4 (23:00):
Ninety percent. This is insane. They don't even check.
Speaker 5 (23:07):
To make sure the Social Security number is accurate, they
don't check the names.
Speaker 4 (23:12):
They don't check a darn thing. They just hand it out.
How is this okay? How is this okay?
Speaker 5 (23:23):
I get so upset over this, because, you know what,
there are people that actually do need help, and these
government workers that are in these positions that just let
this stuff slide, that just let it go it's not
my money. Why do I care? Why am I gonna
lift the finger? What is wrong with you?
Speaker 3 (23:45):
Well?
Speaker 4 (23:46):
I mean honestly, and I guess what do you think
that these people will ever.
Speaker 5 (23:49):
Lose their job? No, no, they're gonna lose their job.
They're a government worker. For crying out loud, the amount
of so fake social Security numbers linked people who were
dead all collecting this. Oh, and you think that they're
gonna all of a sudden clean this up. Give me
a break, give me a break. But again again, you
(24:14):
got plenty of Republicans. Oh, no, you know, we gotta,
we gotta. We're working hard on this year. Every interview
out there, Oh, hard work and work, it's hard work
to be done, working, hard, working, hard working hard. You
guys are so pathetic and sad. Republican Party is so
pathetic and sad. I mean again, they go up there.
(24:36):
I mean, aren't you embarrassed like a Sebastian Manuscalco stand
up routine, that whole thing he did, the aren't you embarrassed?
Speaker 4 (24:42):
One?
Speaker 5 (24:42):
Aren't you embarrassed that you've had fifteen years to come
up with something to replace this albatross with and you've
got nothing outside of Rand Paul, You've got nothing Again.
I want to go back in time. Okay, I told
(25:03):
people want to blame John McCain. Okay, here is a
bit of a newsflash for you. Okay, John McCain gave
the thumbs down on repealing Obamacare. Why was it John McCain, Well,
I'm here to tell you Republicans asked him to do
it because they already knew. Everybody the world knew how
(25:24):
much he and Trump they couldn't stand one another because again,
Trump said some pretty horrible things about him. Anyway, neither
here nor there. If it wasn't John McCain, it would
have been someone else. Why repeal and replace? They didn't
have anything to replace it with. They couldn't even agree
(25:45):
to go back to the way things were.
Speaker 4 (25:47):
But with the Rick sand.
Speaker 5 (25:48):
Torum Hi deductive health insurance coupled with health savings accounts?
Speaker 4 (25:53):
Why because they're all bought? Do you understand? Go check yourself.
You can take my word for Why don't you go
take a.
Speaker 5 (26:02):
Look at the type of money that insurance companies pay
out to both donkeys and elephants.
Speaker 4 (26:11):
Oh, oh, you want another want some more numbers for you?
How about this one?
Speaker 5 (26:14):
Okay, Obamacare basically kicked into full gear twenty fourteen. Right
right around that point in time off and running basically
all out Obamacare twenty fourteen, put that date on it.
Speaker 4 (26:28):
Health insurance companies.
Speaker 5 (26:29):
The revenues were about four one hundred billion dollars back
in twenty fourteen. You know what, the revenue is now
over one and a half trillion, over one and a
half trillion dollars.
Speaker 4 (26:43):
Where do most of those revenues come from? Tax dollars? Yeah,
it's just just transfer, just transfer.
Speaker 5 (26:51):
It's just you know, the government sending insurance companies our
tax dollars, and they're gonna keep taking it as long
as you keep giving it to them, gonna keep taking it.
You know what, Well, our costs are going up. You're
gonna have to pay us more. But they're the government's
gonna say no, obviously not obviously. Not that they're falling
all over one another to come up with an excuse
to extend these COVID era subsidies.
Speaker 4 (27:19):
You should be sick to your stomach over this. And again,
Oh I'm on this team. I'm on that team.
Speaker 5 (27:27):
No, no, no, no, no, people, we've got to get together and
we've got to be on the same team.
Speaker 4 (27:32):
We have to be on the same team because the
people there, they're not They're not on our team.
Speaker 5 (27:39):
They're putting our kids and our grandkids further into debt
and not doing anything. Oh Republican, Oh, we gotta where
where We're gonna a journ on Monday. You know, twenty
second we gotta leave. You're gonna leave. No, no, no, you
guys shouldn't go anywhere for crying out loud. Government was
shut down. You should get work done. Actually, get a
(28:01):
reform bill done before you go home, do your job.
Speaker 4 (28:06):
Watchdog on Wallstreet dot com.
Speaker 5 (28:08):
Watchdog on Wallstreet dot com.
Speaker 4 (28:11):
Don't go anywhere. We'll be back.
Speaker 2 (28:27):
This is the Watchdog on Wall Street.
Speaker 5 (28:42):
Yeah, I'm going back at the end of the year here,
but people have been listening to this program. No how
excited I was with Donald Trump, what I thought he
had in store for us beginning part of his presidency,
(29:02):
leading up to unfortunately Liberation Day and the tariffs. He
was on the right path. He was on the right path.
This is this is some pretty amazing information right here.
You take a look at when Donald Trump's approval peaked.
He had approval ratings sixty plus know when that peaked
(29:28):
when they kicked off Doze.
Speaker 4 (29:31):
I'm not kidding.
Speaker 5 (29:33):
When Elon Musk and Doze started up, you had Elon
Musk out there talking about government waste and fraud and
all of these things. Donald Trump's approval ratings were above
sixty percent. They kicked them out of town. They kicked him.
(29:55):
Both Democrats and Republicans wanted no part of Elon Musk
as they want to continue to get fat, happy and wealthy.
Not just them, all of their buddies, all of their friends.
Highest per capita, highest per capita salaries in the entire
country is Washington, DC where they build.
Speaker 4 (30:17):
They neither build nor create anything anything, They just steal. Washington,
d C. Is the capital of theft.
Speaker 5 (30:32):
NGOs, various different multi tech government organizations with their little grift,
everyone wedding their beak Like Don Ferucci. Elon Musk wanted
to cut that thing down to size, and the country
was thrilled, and they threw them out.
Speaker 4 (30:54):
Anyway, got to talk a little bit about this this
one again. I can't get my arms around this.
Speaker 5 (31:02):
I can't The story this past week about in Video
and the Invidio chips going to China and how the
Trump talked Masesian Ping, and We're going to be sending
Invidio chips to China, these eight two hundred chips.
Speaker 4 (31:20):
But then China comes back and says, we.
Speaker 5 (31:22):
Don't want your chips, and then we find out that
they've been stealing these chips. Anyway, I'm gonna try to
make heads or tails out of this because it's crazy.
Speaker 4 (31:32):
When we get back, don't go anywhere.
Speaker 5 (31:34):
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot Com.
Speaker 1 (31:43):
Chris Markowski is the Watchdog on Wall Street, the only
(32:04):
man who is taking on the Wall Street establishments. You're
listening to the Watchdog and Wall Street with Chris Markowski.
Speaker 5 (32:12):
Yeah, I'm starting to believe that some stories are just
they're so confusing that I think that the media just
walks away from them.
Speaker 4 (32:21):
I do again.
Speaker 5 (32:23):
They are basically marketing to fifth and sixth grade intelligence level.
Speaker 4 (32:27):
They are. They are I kid you not.
Speaker 5 (32:30):
You want to know the top story Thursday morning, I'm
doing my prep work, okay, going through my various different sites.
I go onto Fox Business's website. You want to know
what their top story was for the day was how
much the power ball pot was at that point in time.
This is a bloody business station. What do we in idiocracy?
(32:53):
Their top story was how big the Powerball winnings pot
was going to be?
Speaker 4 (33:00):
To pull my hair out for crime out loud.
Speaker 5 (33:04):
Anyway, Yes, some of these stories I think that the
meat is, Oh, you know, we're not going to be
able to We're not going to be able to put
this together in a TikTok.
Speaker 4 (33:13):
So you know we can't explain it in a TikTok.
We're not going to cover that story.
Speaker 5 (33:17):
This whole chips thing with Nvidia is insane. The very
day that Trump approves the sale of these h two
hundred chips to China and said that he and Zijinping
had this very good talk, then that very same day,
the Department of Justice arrests these smugglers, Chinese smugglers for
(33:43):
these eighth two hundred chips in Secaucus, New Jersey. They
have no idea how many have been already shipped to China.
The Department of Justice also puts out this statement, these
chips are the building blocks of AI superiority and our
integral to modern military applications. The country that controls these
chips will control AI technology. The country that controls AI
(34:05):
technology will control the future. Okay, hold on, I'm sorry,
I'm sorry, I'm confused and bewildered here. Okay, I thought
that China is our big adversary and we've got to
increase defense spending because we've got to deal with China.
But we're gonna be sending them these chips that are
(34:28):
gonna be make them AI superior.
Speaker 4 (34:31):
I don't get it.
Speaker 5 (34:32):
And then the very next day, Disision Pink came out
and said, ah, you're too late. We don't really want
your chips anyway. Again, it might involve a few reporters
and actually cover this entire story and dig into it.
Might not make it onto a TikTok or an Instagram,
but it might be something you might want to look
(34:54):
into because it makes no sense whatsoever. You have a
big business story this past week, Netflix to buy Warner
Brothers after split for seventy two billion dollars, and then
you've got Paramount sky Dance coming and say, wait, wait, wait,
wait wait.
Speaker 4 (35:12):
No, we're going to offer an all.
Speaker 5 (35:14):
Cash deal of thirty dollars a year and maybe even
higher than that. Listen, Netflix is again kind of an
amazing story and how that that company is built However,
what argue most of their their content that they come
up with. I mean, my opinion, outside of you know,
(35:35):
the old the first couple of seasons of House of Cards,
and I like Stranger Things as well, most of it's
just horrible.
Speaker 4 (35:42):
It's horrible. And they're going to be.
Speaker 5 (35:43):
Buying into obviously a large library of films. And they said, well,
we're still going to allow other people to use them.
I don't know why they would do that. You have
ownership of those things, you're going to make people want
to go through you. I don't know about you people.
I feel this way. I almost want to go back
to the old cable box I do. I have no
idea what I even spend money on. It's almost impossible
(36:06):
to find anything you want to watch. Forget about sports.
Who knows what?
Speaker 4 (36:09):
You know?
Speaker 5 (36:10):
What station you gotta watch something on. I'm kind of
tired of it. Iveryon want to watch much TV anymore.
Nor do I go to the movies anymore, because your
stuff's terrible. Your stuff is terrible. It was actually a
story about that as well as past week, talking about
you know how movie theaters are, you know, on their
last legs they are. It's a bit unfortunate if you
(36:32):
ask me, because you know, it's kind of a cultural
thing back in the day. But hey, when you put
out crappy product, what do you think is gonna happen again?
I swore after I went to go see Again, I
was all excited to see Gladiator too. That was the
last time I went to the movie theater. Last time
I went to the movie theater. I was so upset
and how bad that movie was. I may go next
year to see The Odyssey. Okay, but any of that,
(36:55):
it's it's garbage. I think that bothers me when it
comes to this though. Again, I wish the President wouldn't
get himself involved. When he comes out and starts saying, well,
you know, I got to be involved with this, and
I you know, I think that they should take CNN
with it and all these things. I was like, you're
the president of the United States, Okay, you're supposed to
(37:16):
stay out of it. Okay, it's not we're looking for
as much as we don't want the umpire to get
involved in a baseball game like Enrico Palazzo and Naked Gun. Okay,
remember that the Empire Leslie needs Tom anyway, Neither here
nor there.
Speaker 4 (37:31):
That's not your job. Let the market decide again.
Speaker 5 (37:38):
Yeah, what is it gonna do? Okay, they're gonna own
some of the movies. I don't know what to tell you. Okay,
it's not like they're making anything, you know, halfway decent?
Now anyway, all right, this as well, this is something
that needs to happen. And Elon muskets spot on with this.
The European Commission really needs to go away. My jaw dropped.
(37:59):
I cannot believe that they had the actual goal to
go after X one hundred and forty million dollars fine
for X because of something with their blue check marks.
Speaker 4 (38:12):
I got one of those blue check marks on X.
Speaker 5 (38:14):
And the funny thing is they went after Elon Musk,
but they didn't go after Beta, who has the same
exact program. Actually, and the funny thing is this European
Commission again, I well versed in the EU. They're they're
it's not undemocratic, Okay, they're appointed and they act like
(38:35):
little dictators.
Speaker 4 (38:36):
But Elon Musk ends up getting the last laugh on
this one.
Speaker 5 (38:38):
You don't know why X is the number one app
and like every country, almost every country in Europe right now,
I mean, it was the tops for.
Speaker 4 (38:49):
Many of them.
Speaker 5 (38:49):
Never blows everybody away, you know, maybe again it's the
same thing. It's when you get people that do not
build anything or create anything, much like a you know
less shrugged iron Ran getting involved in the process. What
do you actually build or create in Europe anymore? Do
you have any tech companies at all? And the reason
(39:11):
why you don't is because of you. Let the free
market rain my friends, watchdog on Wall street dot com,
watchdog on Wall street dot com, don't go anywhere, We'll
be back.
Speaker 1 (39:30):
You're listening to the watchdog on Wall Street
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