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February 26, 2025 7 mins
Europe’s promising big defense spending hikes—UK to 2.5% GDP by 2027, Germany eyeing 200 billion over years—but it’s all talk, no action. Keir Starmer’s stalling, Germany needs a constitutional tweak, and cuts to welfare? Fat chance. They’ll just keep leaning on U.S. taxpayers while loving globalist Joe Biden. Our $968B defense budget dwarfs China’s $235B and Russia’s $146B—yet we can’t audit it or adapt to drone warfare. Reset the military, not the checkbook. www.watchdogonwallstreet.com
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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):
We keep hearing more and more about our European allies
and how they are going to step up to the plate. Yeah,
they're going to step up to the plate in regards
to spending, and they've got a you know, Europe's got
to take our new stance when it comes to defending itself.
Right right, I'm British Prime Minister Kiir Starmer. He's got

(00:40):
a meeting with Trump listen next week. On Tuesday said
that ye great, Britain is going to raise their defense
budget to two point five percent of GDP by twenty
twenty seven. It's twenty twenty five, twenty six, twenty seven.
You're going to raise it to two point five by
twenty twenty seven. Why why why twenty seven? Why not

(01:08):
do it now? Well, because it's a promise that you're
It's like wimpy okay from Popeye.

Speaker 3 (01:14):
I'll gladly pay.

Speaker 2 (01:15):
You tuesday for a hamburger today it's the same crap.
They ain't gonna do it. Oh yeah, we're.

Speaker 1 (01:23):
Gonna do this.

Speaker 2 (01:24):
Look at us. We're stepping up to the plate.

Speaker 3 (01:27):
Later.

Speaker 2 (01:30):
Ah yeah again. Uh here we got Germany right now,
they're looking to pour another two hundred billion over several
years and to rearmament. Okay, this, this is gonna They're
gonna need a constitutional amendment I guess to exempt this

(01:51):
from balanced budget requirements. Good luck with that. In the UK,
you're talking talking about additional annual spending above thirteen billion
pounds by twenty twenty seven. Right, they're going to have
to cut welfare spending. They ain't going to do that again.

(02:16):
A lot of talk, a lot of talk. Uh yeah,
what what Elvis? Little less conversation, a little morection. Ain't
gonna happen, kids, it's bullshit. Okay, what what you'll see
the European Union do. What you'll see Germany doing. What

(02:39):
you'll see the UK do is the same thing that
they did this last time around. They will send money
and activists here to the United States, which they did
in order to get somebody elected that they like, like
Joe Biden.

Speaker 3 (02:57):
Joe Bid freaking europe loved Joe oh Man, yeah, left,
they fantastic love Joe Biden. Ay, hey be GLOBALUS. Nobody
messes with Joe. Joe likes going to various different events
and kissing people's ass, kiss ass the ass a little bit,
He'll kiss your ass back. And we're gonna keep spending

(03:19):
for the defense of Europe from now into eternity to
infinity and beyond.

Speaker 2 (03:24):
Like buzz light Year said, just we got to keep
paying for it. You know, it's it's you look at this.
Anything you get, you get pieces. Today it was one
in the Wall Street Journal where one of the writers
is trying to be oh, I'm being clever. I'm gonna
I want to be thinking like the xijinping and what
he thinks to Donald Trump break. Okay, this is and

(03:45):
I've done this before, the world's fifteen largest defense budgets.
This is as of last year, nine hundred and sixty
eight billion dollars to the United States, coming in second
China two third five billion dollars, Russia one hundred and
forty six billion, and then it just gets small. Germany

(04:08):
eighty six billion, UK eighty one billion, India seventy four billion,
Saudi Arabia seventy two billion, France sixty four billion, go
right on down the line. Let's let's let's compare this
to Major League Baseball. Let's just say, let's just say
you are a general manager in Major League Baseball, and

(04:32):
let's pretend major League Baseball you run the Dodgers. Okay,
you run the Dodgers, and you're spending money left right
all over the place. And let's just say the next
the next team, the next team, your your closest competitor
as far as spending is concern is, I'll paying one

(04:56):
third of what you are Now. I think the fans
would say, you know, you better win, Okay, you better win.
There shouldn't be any competition. And again, this happens every year.
So this money that we spend here in the United States,

(05:20):
it should compound our abilities.

Speaker 3 (05:23):
Right now, right now, as doctor.

Speaker 2 (05:27):
Evil should say, we should have sharks with freaking laser
beams attached to their heads if they actually did anything. Yeah, yeah,
we're constantly clamoring we got to spend more on your name.
We need more naval ships, we need more of this,
we need more of that. Where the blankety blank does
the money go? Where does it go? Oh, that's right,

(05:48):
You guys can't pass a fricking audit. Yeah, you ever
see the reporters in the UH in the pool asking questions,
excuse me, why is Donald Trump firing all of these
generals and the Joint chiefs of staff. They haven't been
able to pass an audit in seven years, just saying

(06:12):
you want to come to America, you want to spend
more on defense. And again, that's what defense industry wants.
That's what the op eds are going to tell you
in the Wall Street Journal, the National View, all these
conservative publications out there, Neo connor are going to spend
more money, spend more money. Why why? Well, again, you know,
it's the same contracts that we keep funneling money in

(06:33):
that make no sense whatsoever. Our entire military needs to
be completely reset, redefined. You're watching the type of drone
warfare that is the you know, that's the future. For
crying out loud, you haven't been able to figure that out.
And it's quite frankly, it's pathetic and sad. Again, think again,

(06:53):
if there was a Los Angeles Dodgers and they're spending
ungodly sums of money on their payroll, fine, I don't care,
don't bother me, But the next closest team in competition,
let's say it's the Mets or the Yankees and they're
spending one third. Shouldn't even be a competition. Shouldn't even

(07:16):
be close. Watchdog on Wall Street dot Com
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