The Black Hole: Debt, Inflation, and Washington’s Spending Spiral

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Soaring Treasury yields, massive deficits, and relentless borrowing are exposing the cost of Washington’s fiscal habits. Chris explains why inflation is effectively a hidden tax, how politicians benefit from a devalued dollar, and why real course correction starts with voters looking beyond government for solutions.

Episode Transcript

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 that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski Black Hole.

Speaker 2 (00:17):
I have scariest Disney movie I think of all time
was the nineteen seventy nine movie The Black Hole. That's
what we're looking at right now. Let me just put
it to you this way. There is a bond etf,
a bond etf long duration bonds. It is now down bonds,
a government bonds long duration down sixty three percent. Over

(00:43):
the past six years, you had a thirty year treasury
yield move from zero point eight percent, which was ridiculously low,
to five point three. Let's just but they could have
looked at our nations books because again, this is the
golden age. Oh you know, this is the golden age. Oh,

(01:07):
tariffs are gonna bring us in all this money, and
we're gonna be swim We're gonna be paying down debt
and keep piling the bullshit. Okay, first ten months a
fiscal year twenty twenty six. Again, fiscal year starts in
October twenty twenty five, the government government sucked four point

(01:29):
five trillion out of our pockets. Four point five trillion. Yeah,
but they spent six point three trillion. Make it make sense. People, Oh,
gonna take the brants, gonna get a nuke, and then
you're gonna you are then gona nuke. Jools, shut up?

(01:50):
Then did you want anything that's at this point you
gonna say how stupid you sound by actually believing any
of that. Okay, we get all the data points that
are coming in and we're at a point in time,

(02:13):
point time. I did retail sales last week, which nobuo
myriad of other numbers. We've talked about the jobs numbers,
whatever it may be. And the economy as all the
markets as a whole are operating in a bad news
is good news type of realm right now. Meaning what

(02:37):
that actually bad economic news is that they say, well,
the Fed cannot go out and raise rates under these
conditions because of that stupid, bloody dual mandate. Now, Kevin
Warrish said he was going to pay greater attention to
inflation place, but in inflation. Inflation is quite frankly, it's

(03:04):
politician's best friend. So politician's best friend, and I'm gonna
explain to how and why this is the case. Politicians
go out and they print and borrow and borrow and
print and print and borrow and borrow and print, and
they devalue, they devalue the currency, they devalue what you

(03:29):
are earning. So essentially they're taking money away from you. Listen,
I know I've gone over this before. Might be not
many of you understand it, but again, for some reason,
it just people can't get their arms around this that

(03:50):
you are being taxed without being taxed, that that makes
any sense. Inflation is is attacks the money that you
are earning is worth less. It's worth less because the

(04:12):
people you vote for continue to borrow and print, borrow
and prints, borrow, borrow, borrow, in print, print, print, print, print.
This this is the ankst that we're having right now
in the and yeah, together, you got to hand it
to the the Democrats and the DSA. I got a

(04:33):
hand to them and how they've crafted this narrative that
it's capitalism's fault. No, No, Ultimately, ultimately the blame lies
with us. We continue to vote for ridiculous candidates that

(04:57):
do ridiculous things. We continue to look to government to
solve our problems, in particular Washington, d C. When we
should be looking to our own families and communities. Course correct,
start doing that. We can, yeah, take a you know,

(05:18):
maybe take a couple of steps backward, but take quite
a few steps forward. Watch Dog on Wall Street dot
com