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 that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Broken families, broken schools, That's the way it is. I
watched Rand Paula just did an interview MSNBC talking about
these schools in poor areas in the country. Thirty percent
kids can't even read at a normal level. And I'm
(00:36):
even what a normal level is anymore because they keep
lowering the bar. Anyway, He basically blamed it on democratic
policies and teachers unions. I would yeah, I would say
most certainly democratic policies that were laid we're put in
(00:56):
place back in the nineteen sixties under Lyndennsen. You know
that song by Billy Joel Weed and start the fire, Yeah,
that's where it started. That's exactly where the fire started.
And yet the teachers unions are going to always be
clamoring for more money and more nonsense and lowering standards
(01:18):
and school shutdowns because yeah, that's what they are. They're joke.
But I don't care. You can put a you can
put a bunch of conservative, libertarian constitutional best in the
business teachers in the entire world. You put them into
one of these crap districts, good luck, good luck, I'd
(01:43):
see a little bit of improvement. But let's be honest here.
The parents don't care, the kids are not going to care.
We uh went downhill, and it's this cultural thing. What
are we What is a divorce rate in this country?
Fifty divorce rate in this country fifty percent? You know
(02:11):
that the word bastard had a had a bad connotation
years ago, right, and you know it wasn't fair to
the bastard, right. There was a point behind that. There's
(02:33):
a point behind that. He's prior generator wanted to discourage
single parent households. Yeah, I get it. Alexander Hamilton was
one two. We celebrate and embrace single parent motherhood. We
(02:58):
were now call out, you know, call out, you know
what's wrong with society culturally? What's happened? She used to
do it because you're going to be called a racist
and it's not even a race issue. It's not it's
not black. Why don't make any difference? Okay, when we
as a society, we as a society feel and again
(03:23):
it goes kind of kind of goes a long talked
a little bit this past weekend about the gospel from
Luke and helping Lazarms. This is different, Okay, you have
to ask yourself something. By getting people, by getting people
addicted to welfare, to handouts, to giveaways, are you really
(03:49):
helping that person when we have a you know, we
talk about social safety nets. Okay, they're not social safety net.
That's not what they are. When you think of a
safety net again, I go back to when I was
a kid and you go to the circus and you
get the trapeze artists and there's a net underneath God forbid.
(04:11):
You know, well, no big deal, they fall off, trabby
boo safety net. Okay, all's okay, but you get out
of the net. You know, when the trappees artists fell
into the net, they didn't stay in a damn net.
We've developed a system where people get addicted to it.
(04:35):
They get addicted to it and then o't get out.
And I have long time and I know I've talked
about this before many times over the years here on
the program. In ways that you can try to break
the cycle, because again It's be honest here. Okay, you're
on government assistance. How do you get more government assistants?
Have another kid, having another kid, then another one, and
(05:01):
then I have another one after that, and the chicks
keep on coming, and you get the healthcare, you get
Section eight housing, and again you're you're a child and
you grow up in that and that's all. You know.
(05:21):
I feel horrible. I feel horrible for those kids. I do.
And you have to have you again, we see all
the culture problems. You have to have compassion for them. Okay,
this is how they were raised. This is how they
raised you know, different, different, And I talk about this
all the time. They got the people throwing around because
(05:42):
the racist terms white privilege, white privilege, and white privilege.
It's parental privilege. Is what you have where your kids taught.
Probably the things that I've thought about over the years. Again,
these things that will never happen because they'll become racist.
(06:04):
If we're willing to pay people to have more kids,
maybe we should stop that and instead say, hey, you
know what, maybe we'll increase your payment if and only if,
if and only if we can take your kid and
(06:26):
send them to a boarding school. And again this is
going to be an investment. I understand that, but you
want to explain to me. I'm open to ideas, Okay,
I am, and as. I thought long and hard about this.
How do you go about breaking this cycle? You got
(06:47):
to get those kids away from those parents, just be honest.
You got to put them into some sort of environment
where they're being taught the importance of hard work and
they can get self esteem. Now, sports sometimes can provide
(07:08):
that for kids. There's no doubt about that. Sports can
provide that for kids. Old friend of mine, a friend
of mine ran a football program. I call it the
Inner City Sarasota. Yes, Sarasota, Florida actually has some rough
neighborhoods and it was a phenomenal football coach. I played
(07:32):
a University of Florida and he they had to collect
after every practice, every practice, they had to collect all
the equipment, helmets, uniforms, practice uniforms because if they didn't,
they didn't the kids would bring that stuff home. It
would be at maybe pre parents to ticket and sell it.
(07:55):
Played against sports, not kid, not kid, and he did
a lot, you know, to get kids and tried its
best to put kids on the right path, get them
interested in something, the importance of going to school because
where it can take you. Maybe you can go on
to play at a you know, big time football whatever
it may be. That that's one way. That's one way,
(08:17):
and I think that's great, But we also have to
do it on the academic side. Another very dear friend
of mine who's counselor counselor elementary school, I mean having
to go physically go to people's homes to get the
(08:39):
kids and bring them to school because the parents wouldn't.
Where's that going to lead? Where's that going to go?
And if your answers, we just need to throw more
money at the problem. You're wrong. More money is the problem. Okay,
more money at the way you're throwing it right now
is the problem. Much Rather, like I said, you develop
(09:02):
schools and you want you make them nice, Okay, find
a way. You got all these malls that are shutting
down all over the country, turn them into boarding schools
of some sort, and develop a program where these kids
are going to get They're going to receive what they
(09:22):
are not getting in the homes that they're at right now.
Like I said, I'm open ideas, I'm owd ideas. But
the definition again, we all know stupidity is doing the
same thing over and over again and expecting a different result.
(09:43):
There's never there's not the desire on either party right
now to put a stop, to put limits maybe a
little bit. They've talked about saying, okay, we're going to
cut off you know, the amount of years you're going
to get in Section eight housing. All these things we
heard little little cheer chatter about that where to go out,
where you go, I didn't go anywhere, didn't go anywhere.
(10:05):
You gonna have to follow through these cycles at some
point in time, we have to break them. Watchdog and
Wall Street dot Com