Chris Markowski, the Watchdog on Wall Street, discusses various pressing issues affecting the financial landscape and society at large. He critiques the influence of big banks and Wall Street, examines the failures of the war on poverty in Appalachia, and addresses the challenges of immigration and assimilation. Markowski also delves into military preparedness in the face of global conflicts, the complexities surrounding gender identity and mental health, and economic insights regarding China and marijuana regulation. The conversation emphasizes the need for critical thinking and proactive solutions to these multifaceted problems.
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Transcript
Episode Transcript
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Speaker 1 (00:00):
Oh well, no one altered. Investment banker, consumer advocate, analyst, trainer.
Chris Markowski is the watchdog Wall Street.
Speaker 2 (00:16):
Do you want to answers 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 1 (00:27):
You can't handle the true bringing America the truth about
what really happens in the financial world. Ladies and gentlemen.
We're not here to indulge in fantasy, but in political
and economic reality. This is the watchdog law streets.
Speaker 3 (00:45):
All right, welcome back, everybody. Okay, I'm gonna go back.
I wanted Donald Trump. I think I might have talked
about this reach program. There's so much, so.
Speaker 4 (00:59):
Many appearances, talking about so many different things.
Speaker 3 (01:01):
You want to go back to the two thy and
sixteen Republican platform, and in that Republican platform, Donald Trump
talked about taking on the two big to fail banks,
talked about going after Wall Street and the big firms,
something that I have been pushing for since they allowed
(01:24):
this nonsense to come together when they repeal Glass Steegel.
This is way back when when Bill Clinton was on
his way out the door. But it wasn't Bill just
Bill Clinton's fault. It was Republicans and Democrats coming together.
And trust me, Democrats and Republicans have benefited by too
big to Fail in the sense that man oh man,
it makes it a hell a lot easier for them
(01:45):
to collect big checks.
Speaker 4 (01:48):
That you want to talk about a monopoly anti trust
her iness country.
Speaker 3 (01:55):
The size of these big banks, all of the small
banks that went under during the Finance Ansel crisis, not
because they did anything wrong, but because they couldn't keep
up with regulations that were put into place during Dodd
Frank to supposedly protect we the people against too big
to fail. Yet nobody got in any trouble. Nobody went
to jail, and they all walked away scott free. That's
(02:21):
something to go after getting involved in a streaming merger. Yeah,
you want to have you they have to take a
look at it and look at some of the issues. Fine,
but there's bigger fish to fraud. And I'm going to
give you an example. This was this is actually during
the Biden administration, and I laughed, I left. We said
right here on this very program, well that company's gonna
(02:43):
go under now, yep, I robot I Robot. They make Rumba,
those little robot vacuum cleaners that bounce.
Speaker 4 (02:52):
Around your house.
Speaker 3 (02:53):
Amazon wanted to buy I Robot, and the Biden Minister
and Lena Khan said you can't do it.
Speaker 4 (03:03):
European Union said you can't do it. You're gonna favor
You're gonna favor your.
Speaker 3 (03:08):
Company, I Robot company rather than other companies that want
to put stuff on your platform. Again, this is a
bloody robot vacuum for crying out loud.
Speaker 4 (03:22):
Rumba. I Robot declared bankruptcy. Guess who owns it now?
Speaker 2 (03:28):
China.
Speaker 4 (03:29):
They kid you. I couldn't make it up.
Speaker 3 (03:33):
They place the manufacturing company that puts the things together
in China now owns I Robot because they owe them money. Again,
this is what happens when the government gets involved when.
Speaker 4 (03:49):
They shouldn't get involved. Anyway.
Speaker 3 (03:55):
There was a story this past week in the Wall
Street Journal got my attention because I've talked about talked
about this area the country. I've written about this area
the country several times, kind of use it as a
teachable moment. I'm not picking on this area the country.
I pick on where I grew up in upstate New
(04:17):
York as well. We'll tie this all in the story
in the Wall Street Journal talking about the War on poverty.
The War on poverty failed them, and they're no longer
waiting for help. And they go to West Virginia, Appalachia,
and it's McDowell County in West Virginia, and they first
(04:39):
start off talking about a lady who's seventy three years
old now and how she first first started collecting, when
she first started with food stamps when she was nine.
Her family got and when she was nine and John F.
Kennedy started food stamps. This is when he was touring
the country and he saw the poverty and Appalachia for
(05:00):
the first time, and that's when food stamps got started.
Right around that that time, mining was technology was taking over.
It didn't need as many miners. And there's been a
lot of hits to that area. This county and of
itself government has chipped in three point six billion dollars
(05:20):
and trying to alleviate a hardship and helping businesses to
go there, not to mention thirteen billion dollars in Medicare
and Medicaid payments. Again one county. There others as well.
You look at the numbers. The county itself lost sixty
seven percent of its residence. It was one of the
(05:42):
largest drops in West Virginia, the population from fifty one
thousand down to seventeen thousand people. Now, I'm not just
picking on West Virginia and Appalachia. In this county they
in the article to lengthy article, some of the people
are trying to teach how to farm in the hills.
(06:04):
There's issues because certain corporations and companies own a lot
of the land, even though they have left amazing they're
trying to take.
Speaker 4 (06:13):
An old a Walmart left town.
Speaker 3 (06:16):
Walmart went out of business there, trying to turn an
old Walmart into a you know, some sort of factory.
But again, the infrastructure is not there, the roads aren't
there to make it.
Speaker 4 (06:27):
The slightest bit viable. It's a sad story. It is.
Speaker 3 (06:34):
It's a sad story, but it is a reality, just
like I'm sorry to say it, but just like death
is a reality when it comes to life. Cities don't
always last last forever. Towns don't always last forever. You
leave West Virginia, and I know talked about this before.
(06:55):
You know, I'm from upstate New York. And there is
a lot of life. And upstate New York there are
there are a lot of towns that are just it's brutal,
it really is. It wasn't always that case. Why is
there a town here? Well, you know, why would there
be a town here? Well, there used to be this
(07:16):
thing called an Erie Canal where you get goods from
New York to the Great Lakes out west. You needed
the Erie Canal and towns along the way. These were
boom towns. But they are no longer. And you know,
I know it's aid. I brought this up before. I
(07:37):
was one of my favorite stand up comedians. Sam Kennison
talked to me skip back in the nineteen eighties when
everyone was sending aid to Africa, and in the skit
it was it was hilarious, it really was.
Speaker 4 (07:48):
He was like, you know, you know, stop, he said, basically,
you must.
Speaker 3 (07:51):
Stop sending them food, stop sending them money, send them
you hauls and move them to where the food is.
This is something people that we should try, We should try.
Why not rather than again you sorry, three point six
billion in aid to try to bring business there, mail
thirteen billion Medicare Medicaid payments, also a ton of other
(08:15):
stuff as well. Wouldn't it be better to buy them
out of their land? Would it be better to buy
them out of their land? This is the mountains, Yeah.
Speaker 4 (08:26):
Making an answer of the park, turn it back to nature.
Speaker 3 (08:31):
There's nothing wrong with that, and help these people move
somewhere else. They're hanging on to an area where it
quite frankly, it's not gonna make it just not gonna
work anymore.
Speaker 4 (08:50):
Again.
Speaker 3 (08:50):
If this is you know, it's something quite frankly that
I wish. It involves thinking outside the box.
Speaker 4 (08:59):
It really does. But there's nothing wrong with that. There's
nothing wrong.
Speaker 3 (09:04):
Oh, towns along the Mohawk River and upstate New York
that are just downtroying.
Speaker 4 (09:09):
It's a disaster the poverty. Buy them out of their problem.
I'm then at the land.
Speaker 3 (09:15):
Give them a chance to start somewhere else, because when
it gets depressed.
Speaker 4 (09:21):
Like this, what else happens? Again?
Speaker 3 (09:23):
They talk about this in the column as well. It's
sad you end up with drug problems and opiate issues and.
Speaker 4 (09:30):
Solve sorts of other stuff.
Speaker 3 (09:31):
Need to get away from that and again something something
that I think a smart politician, smart politician actually cares
about this country and solving problems could run on, we
could do something about it.
Speaker 4 (09:49):
I got to talk about.
Speaker 3 (09:51):
Events from last weekend, and I know I did a
podcast on this as well, you know, Australia, Providence, Paris,
the World.
Speaker 4 (10:03):
Why am I bringing this up? Well, my son I
talked about some other program.
Speaker 3 (10:08):
He graduated from Providence College around the corner from Brown University.
So we saw this story and everything that's transpired over
the course of the week. I haven't been I'm not
surprised at all. I'm not surprised at all. The city
of Providence got some great restaurants in the City of Providence.
(10:28):
Italian neighborhood of town. Fine, you're gonna be safe there,
ain't gonna be safe, And I mean, have any issues
in the Italian neighborhood there in Providence. The rest of
the place is a blighted disaster. Rhode Island is as
far left as left could be. Brown University. I wouldn't
(10:48):
let i kid go there. I don't care all right,
Ivy League School. I would not let my kid go there.
No way, no shape of metaphor, you have no idea,
you have no idea how far left that place. Honestly,
it's like the bar scene from Star Wars. There the
(11:10):
most ice y bar. It's it's crazy. And you're watching
these people that are at the president of the university.
You have facial recognition cameras. You don't have any caoes.
Wait wait where are they? You shut them off?
Speaker 4 (11:25):
Wait?
Speaker 3 (11:25):
Wait, you shut them off. Oh you're worried about ice raids?
Are you're worried about you know, Palestinian protest? I mean
you do you watch any of this at all and
take a look at the absolute order in competence?
Speaker 4 (11:43):
Awful, awful, and.
Speaker 3 (11:48):
You see that, you see that, and then you watch
the horror in Australia and what took place there, and
then yeah, I saw a story. And Paris, Paris, France,
we used to put on a nice, big New Year's
Eve celebration and concert.
Speaker 4 (12:10):
Cancel it. Why do you think that is? Why do
you think that is?
Speaker 3 (12:17):
Well, we're gonna talk a little bit about that when
we get back, when we get into Empire and assimilation.
Watchdog on Wallstreet dot Com. Watchdog on Wall Street dot
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Speaker 4 (12:36):
Watchdog on Wall Street dot Com. We'll be back.
Speaker 1 (12:57):
Taking Wall streets, liars, crooks, and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Street jingle bells.
Speaker 4 (13:08):
I've been down.
Speaker 3 (13:09):
I'm consistent, consistent when it comes to my thoughts on immigration,
going back decades here, Very very consistent when it comes
to assimilation. Actually was a columni bart Swain talking about
digestible immigrants prior. We are constantly constant being called anti immigrant,
(13:35):
anti this. They take the Statue of liberty, they throw
it up in our faces, and it really.
Speaker 4 (13:44):
Ticks me off.
Speaker 3 (13:46):
It does because what my grandparents sides, immigrants have no
problem with immigration.
Speaker 4 (13:55):
In fact, yeah, the immigrants.
Speaker 3 (13:58):
I wish we'd had more legal immigration with people who
want to be here. Years ago, I remember railing about
soccer games here in the United States. The United States
is facing off against Honduras, and all these people from
(14:18):
Honduras that are here in the United States are going
to a US Honduras game and they're waving Honduran flags
and they're screaming at the American players and all this stuff,
And I'm like, what country.
Speaker 4 (14:30):
Do you live in?
Speaker 3 (14:34):
What's wrong with you if you don't want to become
a part of this country.
Speaker 4 (14:40):
Get out. Do I root for Italy? Do I root
for Poland? Absolutely? I do all the time.
Speaker 3 (14:50):
But when they play the United States, I'm for the
United States. We want people that want to become American. Now,
I'm this is you know, a different topic when it
comes to Central America and Mexico and South America as
far as culture is concerned, much easier, much easier to
(15:16):
assimilate than what we're dealing with right now. Victor Davis
Hansen is a guy I talked about him here before
I read his books.
Speaker 4 (15:26):
He's a great.
Speaker 3 (15:28):
Historian, you know, genius when it comes to classical history,
which I absolutely love actually uh Stanford professor and also
it work to the Heritage Foundation as well. And he
was interviewed this past week. I wasn't he was on
his podcast. As a matter of fact, he was interviewed
on his podcast talking about the things that are are
(15:51):
happening in the world. And he again not only you know,
you got the situation that happened in Australia and what
happened in Providence, and what they're you know, Paris, and
the constantly story after story happening where they're thwarting attacks
on a regular basis, and it's barely making the news.
We also had the soldiers that were killed in Syria,
(16:12):
and you know, he's talking about this, and he's saying,
you know, again, now we got nine hundred soldiers in Syria,
and you've got former members of ISIS that are all now,
all of a sudden on supposedly on our side, working
for the government. Again, this is the same crap that
we went through in Afghanistan, where you'd have these types
(16:33):
of attacks. So what's the point what's the point in
US even having soldiers there?
Speaker 4 (16:41):
Now?
Speaker 3 (16:41):
Trump said, Trump said, he's you know, he's gonna do
something about this attack, and the fact that two soldiers
and an interpreter were killed.
Speaker 4 (16:47):
I haven't heard anything yet.
Speaker 3 (16:51):
If you're gonna have nine hundred soldiers stationed somewhere some
sort of bloody trip wire, if a hair on their
head is disturbed or one of these types of attacks,
you gotta you gotta, you gotta drop some serious bombs.
Speaker 4 (17:07):
You've got to get serious, because guess what, they're just
gonna keep doing it because that's all they did.
Speaker 3 (17:11):
This happened, This happened during the bind administration. Attack, over
one hundred and thirty attacks originating and serious.
Speaker 4 (17:22):
We didn't do a damn thing.
Speaker 3 (17:25):
When Reagan was confronted with what happened in Lebanon, he's like,
all right, I'm not I got out of here. Okay,
this is not gonna work. I'm not gonna do this.
He pulled out. So we have to make a decision
here as a country. Okay, you wanna put the world
on notice and say, hey, listen, Okay, you know we're
(17:45):
gonna we're gonna help out here and whatnot. But you know,
anything happens to our guys, you know you're we're gonna
remember Don Corleoni and Godfather won when he's warning everybody
he's gonna bring Michael home, and he said, you know,
if he had to hang himself in his jail sealer,
he shot by a police offer, he stuck by a
bolt of lightning, I'm gonna stop blaming people in this room,
(18:08):
and then I do not forgive and forget anyway, same concept.
If not bring them all home, okay, if we're gonna
keep Americans there, if you kill these people, we are
going to make your life very very uncomfortable. Now, radical
(18:28):
islamis Victor Davis Hanson and teaches Stanford. He estimates we
got about a quarter million of them, quarter of a
million on campus here in the United States. And he says,
you know, we got to tell them, we've got no
problem with you. But if you're associated in any way
(18:48):
with any of these movements or any of these countries.
Speaker 4 (18:54):
It's not gonna work out.
Speaker 3 (18:58):
I talked about this here on the program. There just
certain cultures that just they don't go together. You keep
put the square peg in the round hole. We're seeing
what's what's happening in Minnesota?
Speaker 4 (19:20):
Have you been there? Have you gone there? I landed
at airport at Minneapolis.
Speaker 3 (19:26):
I thought, I again, I thought my plane got diverted
to a different, you know, different continent. For crying out loud,
Burker's everywhere in the airport.
Speaker 4 (19:38):
There's no need.
Speaker 3 (19:41):
For us to be bringing in people from Algeria, Libya, Somalia.
Why we got enough people here, enough people that want
to come here that'll blend.
Speaker 4 (19:55):
They interview these people man in the street interviews. They
don't want our rules in laws.
Speaker 3 (20:01):
They want an enclave where they can get government aid
and they can practice Seria law.
Speaker 5 (20:08):
That's not how we operate man. Then you see you know, thanks,
you know, you know. Listen, things are not gonna work
out here. Might we suggest Afghanistan? Might we said to
have sharia law here? We're just trying to make you
more comfortable again, correct me if I'm wrong. Gotta take
(20:29):
a Watchdog on wallstreet dot com.
Speaker 3 (20:31):
Watchdog on Wall street dot com is our site.
Speaker 4 (20:34):
A little bit more on this.
Speaker 3 (20:36):
When we get back Watchdog on wallstreet dot com, we
shall return.
Speaker 1 (20:40):
You're listening to the Watchdog on Wall Street. This is
the Watchdog on Wall Street.
Speaker 4 (21:09):
All right, welcome back.
Speaker 3 (21:13):
You get yeah, yeah, we got fifty states, We got
a tenth Amendment. People in the Minnesota, you voted for
Tim Walls. You got eighty percent of the Somali communities
on public assistance, not to mention all of the fraud.
And the government of the States say.
Speaker 4 (21:31):
Hey, we need more people like this.
Speaker 3 (21:35):
What Yeah, Yeah, I'm managing a baseball team and I
got a guy that's bat in one fifty and strikes
out more than two hundred times a year, commits.
Speaker 4 (21:45):
An error game, and I'm saying, you know what, we
need more players like that guy.
Speaker 3 (21:48):
Yeah, a need more guys like that on my team.
Speaker 4 (21:52):
These are people that refuse to assimilate. They're not going
to do it. There is a difference. It's okay, so
it's a it's a you know, it's a small.
Speaker 3 (22:06):
World, but it's a decent size world with plenty of on,
plenty of places you can go. You got a Judeo
Christian country, okay. If you go to any Islamic country,
it is the overwhelming religion.
Speaker 4 (22:24):
Okay.
Speaker 3 (22:24):
Judaeo Christian is one of tolerance. Islamic country. No, you
can't just sit it out. Okay, unless you're like you know,
Ronaldo playing in Saudi Arabia.
Speaker 4 (22:38):
You gott you gotta, you gotta be Muslim. Here in
the United States, Western you can do whatever you want.
Speaker 3 (22:46):
There's a you know, a couple of the petro chikdoms
out there that have all this money. But you don't
see people flocking to go to Egypt. They're not flocking
to go to Algeria, Tunisia, Libya. There's no way these
people want to come here. They want security, they want freedom,
(23:09):
they want the prosperity of the United States or Western
Europe if they go there, but they want it in
a damn cocoon.
Speaker 4 (23:17):
They're outclave they're enclave.
Speaker 3 (23:21):
They want to continue to have all of their traditional
customs and values, except they're not going to be poor
and they don't want to be monitored by the government.
Oh you know as well, they're not going to be
attacked by their tribal rivals. They'll be safe, they'll be rich,
they'll be healthy.
Speaker 4 (23:38):
Oh I mentioned hey, oh you know what.
Speaker 3 (23:40):
They can also go to walk into any hospital that
they want to walk into.
Speaker 4 (23:43):
You got health insurance? No, that's okay, I need the procedure.
Speaker 3 (23:48):
And then they have someone like elan Omar who says
that the United States is a trashy country.
Speaker 4 (23:54):
And they vote for her and that the United.
Speaker 3 (23:56):
States is worse than the dictatorship that she left. Uh no, no, no, Moss, no,
mass We don't want this here. You see some of
the statistics for Europe. You see some of the statistics for.
Speaker 4 (24:12):
Europe for rape for one hundred thousand people.
Speaker 3 (24:16):
Anybody want to guess which countries have the best numbers
by far?
Speaker 4 (24:21):
They we want to guess?
Speaker 3 (24:23):
Oh yeah, yeah, Poland and some of the other countries
that said nah basically gave the middle finger to the
European Union about this unchecked migration and taken in refugees.
I was watching this past week a defense in the UK.
This horrible monster raped some girl, and the defense was, well,
(24:47):
he doesn't know any better because he came from this country,
and it's acceptable there.
Speaker 4 (24:51):
You can't make this stuff up. You can't. We don't
want that here.
Speaker 3 (24:58):
We don't want the UK's bas lost as far as
I'm concerned, but we don't want this here, and we
need to put a stop to it anyway, anyway, quickly,
on this executive order that Trump signs on a I
I went through it.
Speaker 4 (25:17):
Thank god. It wasn't nearly as.
Speaker 3 (25:22):
Didn't go as far as I thought he was going
to go, and that's a good thing. Ron DeSantis, my
governor here in the state of Florida, has been pushing
back very heavily on some of the overreach with AI
and he's again tenth Amendment, wants to protect the citizens
here in the state, and I have no problem with it.
Speaker 4 (25:39):
I think that the use of deep fakes should be banned.
Speaker 3 (25:43):
We've talked about how dangerous some of this stuff is,
this sour stuff, and how it can be used also
as well.
Speaker 4 (25:49):
He again he doesn't no data centers here in the
state of Florida.
Speaker 3 (25:53):
He's like, no, if you're going to make the power
prices go up for the citizens before, we're not going
to allow this here in our state.
Speaker 4 (26:00):
And he's ready. He's right.
Speaker 3 (26:03):
You think about again, the stuff that this is being
used for. That they haven't worked out the business model
yet for Ai they haven't. Okay, eventually you're gonna have
to pay to make your stupid videos and your stupid
pictures and waste time on that thing because it uses
a hell of a lot of juice, hell of oders.
And quite frankly, I don't want to pay for your
(26:25):
stupid pictures and your stupid you want to pay, you
pay for it yourself. And that's what he's saying, and
that's what we need from again. We got to slow
things down to some degree. I'm totally with the Santas
on that one. Anyway, No, we're gonna get back. I'm
gonna talk a little bit about it again. It's New
York Times put out a piece put out a piece
(26:47):
this past week saying that we need to prepare for wall.
We need to prepare for wall with who with China again?
And I see one thing that all the newspapers have
in common. They're all they all love war until they don't.
They love getting war started, that's for darn sure. They're
all in, all the time, all in until they're not.
(27:08):
We're gonna talk a little bit about this when we
get back, because it's nonsensical, quite frankly. Watchdog on Wallstreet
dot com. Watchdog on Wallstreet dot Com. Our site began
to become part of the Watchdog on Wall Street family,
all sorts of greats, the personal CFO program, podcast, newsletter,
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(27:29):
eighty four.
Speaker 1 (27:44):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 4 (27:54):
I don't know.
Speaker 3 (27:54):
Maybe New York Times got themselves a nice check from
some of the defense contractors. They put out a video
this past week calling for the US to prepare for
the future of war. It urged the Pentagon to take
drastic steps to be better prepared for potential fight with China,
a conflict that could quickly turn nuclear again again. Everybody
(28:17):
gets scared, Hide underneath your bed. Maybe we should have
the kids in school doing the bomb drills like I
used to have to do back during the Cold War,
hiding underneath my desk. The US politicians often both that
America has the strongest and most powerful military in the.
Speaker 4 (28:31):
History of the world. Behind closed doors are being full
of a different story.
Speaker 3 (28:36):
Oh yes, they did a comprehensive classified view of US
military power. They called the Overmatch Brief, and it shows
what could happen if a war were to break out
between China and the United States. The video said that
a war with China might seem purely hypothetical, but said
that China wants to seize Taiwan by twenty twenty seven. Again,
(28:59):
study Chinese history. That would be something new. Something new
in their history is invading countries, and they've been around
for thousands and thousands of years. China actually operates like
the borg they assimilate now again half a wall.
Speaker 4 (29:18):
Anybody out there, just throwing us out there.
Speaker 3 (29:20):
Anybody want to volunteer their children or grandchildren to go
and fight China if they want to take Taiwan, just
ask them. Thrown out there, anybody want to volunteer their
kids to go die because Taiwan were not even efficiently.
We don't officially recognize it as a country. It used
to be a part of China. Again, your Chian kai shek, yeah,
(29:45):
mouse tongue. They went over there and now they're a
separate little entity over there. You want to send your
kids over there to go fight for that? Are you
out of your mind? And they're saying, yes, the US
much prepare for the future of then we need this
and we need that. You know, I'm sorry if I
saw this and we're overmatched by China. Again, we spend
(30:08):
more on our military than the next ten countries combined
below US, including China, not even close. What exactly we
spending money on and again this is this is every
single year. So you would think that our advantage would
seriously compound over time based upon the amount of money
(30:30):
that we're putting in. Where is the money going some
sort of hole somewhere again New York Times. I don't
know if they, you know, said, hey, you know what, jeez,
you know, maybe we've got to check from these guys.
Speaker 4 (30:46):
Maybe we've got to tout this. This is nuts to me,
it really is. We just cut a deal with China
to sell them these high end ships. Why would we
be doing it? Does any of this register make any
sense to you, And they pushed this all the time,
where this inevitable war with China.
Speaker 3 (31:10):
You would say, what happened to their economy if we
weren't buying their stuff?
Speaker 4 (31:15):
Done that up to me? Kids?
Speaker 1 (31:17):
Sorry?
Speaker 3 (31:18):
Sorry, it looks like we're being sold in other bill
of goods yea. And military industrial complex is good at that.
Speaker 4 (31:23):
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com.
We'll be back.
Speaker 1 (31:33):
Chris Markowski is the Watchdog on Wall Street. You should
(31:55):
believe in math, not magic. You're listening to the Watchdog
on Wall Street with Chris mark Kolski.
Speaker 3 (32:02):
A great piece of news and good for Trump on this,
But you're you're gonna have court cases.
Speaker 4 (32:07):
They're gonna fly.
Speaker 3 (32:08):
The federal government this past Thursday acted to put an
end to gender gender related care for children. Yeah, pulling
federal funding from any hospital that offers such treatment. Good good, Yeah, sorry, guys,
(32:31):
it's a mental illness. Any parent that would ever allow
their kids to.
Speaker 4 (32:43):
Again do that.
Speaker 3 (32:44):
I can't even get my arms around that. I really
can't mutilate a child. Are you out of your mind?
And then you get some schools out there that don't
even tell parents I remember you couldn't when I went
to school. You couldn't take a baby aspirin unless you
had your parents' permission for crying out loud.
Speaker 4 (33:08):
Yeah, I'm sorry. I'm sorry again. Get the people freaking out.
Speaker 3 (33:12):
The administration's action is not just a regulatory shipt, but
the leadst signal with the federal government does not recognize
even the existence of people whose gender I Daddy does
not align with their sakes at birth night.
Speaker 4 (33:22):
It doesn't.
Speaker 3 (33:22):
Okay, it's mental illness. Change my mind. You're not going
to not going to I'm sorry. You could look at
the statistics, look at the numbers, look at the suicides.
Speaker 4 (33:34):
No good, these people need help, Okay, just not mutilated help.
Let's just leave it at that.
Speaker 3 (33:42):
China's economy deteriorating on several fronts. Yeah, they're exactly what
we told you, weakening and consumer spending.
Speaker 4 (33:54):
Again.
Speaker 3 (33:54):
They've tried to pump up the economy. They have, it's
just it's very difficult to do. People failed to understand
that they went all in on real estate. And this
is a country that doesn't have a social security system,
the social safety net programs that we have here in
(34:15):
the United States. And once you lose confidence in the
system at hand and the value of your real estate
which continues to drop. You know, people pull back, and
that's what has taken place there again, another example of
failing miserably when it comes to centrally planning and economy. Now, granted,
(34:38):
China's exports, despite Trump's tariffs, went through the roof. They
went on a major exports spree, and they just started
dumping it elsewhere. It's actually an interesting story of Europe's,
like this is ridiculous now, all of this stuff that
they just dumped in warehouses in Europe again, cheap goods.
(35:00):
How's it gonna work out? Are they gonna eventually sell it?
I don't know, but that that's a country that has
its issues. I'm still not a big believer that Xijen
Ping is gonna be around for that much longer.
Speaker 4 (35:13):
I really don't.
Speaker 3 (35:13):
There's gonna come a point in time where they're gonna
say enough's enough, enough's enough.
Speaker 4 (35:17):
We can't take this any moles. We can stands.
Speaker 3 (35:20):
We can't stands no more. As Popeye would say, all right.
Another big story from this past week on the business front,
Trump poised to ease federal marijuana regulation. This is going
to reduce federal restrictions on marijuana, and people have come
out on both sides of this issue pretty hard.
Speaker 4 (35:44):
Here's what I take from this and the problems that
we have with marijuana.
Speaker 3 (35:49):
First and foremost, the marijuana that is out there today
is someone was explaining how much stronger it is than
it used to be, which again is a problem. However,
with alcohol alcohol, we know again that people not having
the making gin in their bathtubs or anything like that.
(36:12):
You know what eighty proof is, and eighty proof shot
of vodka is equal to a normal bottle of beer
unless you're getting one of the fancy epo ones that
are super strong or a glass of wine. Basically the
same amount of alcohol, the THC content, and some of
the stuff. Again, they might want to get their arms
(36:33):
around some of that. Now it's going to be if
it's a Schedule three drug, it would put it at
the same level as common prescription painkillers and steroids, if
I'm not mistaken. And again I guess this would allow
universities to study it to a greater degree and the
(36:55):
effects anything you need to be careful with. And i've
again the state of New York, it's legal not legal federally,
but it's legal in the state of New York. And
these quality of life issues without a doubt. You know
the fact that you know you're walking around New York City.
While you are in New York City, you almost I
(37:16):
almost missed the smell of cigarettes, you do, I almost
missed the cells.
Speaker 4 (37:21):
It's just nothing but the smell of skunk weed. And
I don't understand why.
Speaker 3 (37:24):
You know, if you're gonna do this, you know, remember
remember Donald Sutherland and Animal House when you know he
shut the door and he put the cut shut the
shades when they were sumnond the movie Animal House. I
mean out in the open, in front of kids and parks.
Speaker 4 (37:38):
Now, no, I mean why driving down? I mean it.
Speaker 3 (37:43):
Sticks in the air. It's got like this maple syrup
in the air type of quality. Oh, and you get
whacked with it. I'm sorry. I mean something needs to
be done with that. You know, maybe we should have
gone with the mile like they have in Holland, with
the cafes or something. But uh, I don't know, I
don't know. I got to get your arms around it
before it gets out of control. But again, the war
(38:04):
on drugs has been an absolute disaster.
Speaker 4 (38:07):
It really has also another interesting story and it's not
surprising me at all.
Speaker 3 (38:13):
I actually did podcast on this as well, talking about
some of these colleges and the amount of college of
the remedial classes where kids kids are getting into colleges.
These are kids with four point ohs four point ohs
in high school and somehow amazing grades on their SATs,
but they need to take remedio math to the tune
that they've got.
Speaker 4 (38:33):
To go back to middle school.
Speaker 2 (38:35):
How is that?
Speaker 4 (38:36):
I don't understand how this work. Of course, it's in California.
Speaker 3 (38:39):
How how do you how do you get straight a's
in high school and you're not competent in middle school
level mathematics?
Speaker 4 (38:49):
And again it's even worse than that.
Speaker 3 (38:50):
Now, all the amount of kids that are declaring that
they've got some sort of disability.
Speaker 4 (38:55):
Allowing them all hours and hours and hours.
Speaker 3 (38:58):
To take exams. It's it's off the charts. But again,
what are we teaching kids now? We're teaching them to
game the system?
Speaker 4 (39:04):
Are we not? You gotta be successful in America, you
gonna learn how to game the system? No wo Anyway,
God bless everyone, have a wonderful Christmas and a happy
New Year, God bless
Speaker 1 (39:19):
You're listening to the watch Doll on Wall Street,
Oh well, no one altered. Investment banker, consumer advocate, analyst, trainer.
Chris Markowski is the watchdog Wall Street.
Speaker 2 (00:16):
Do you want to answers 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 1 (00:27):
You can't handle the true bringing America the truth about
what really happens in the financial world. Ladies and gentlemen.
We're not here to indulge in fantasy, but in political
and economic reality. This is the watchdog law streets.
Speaker 3 (00:45):
All right, welcome back, everybody. Okay, I'm gonna go back.
I wanted Donald Trump. I think I might have talked
about this reach program. There's so much, so.
Speaker 4 (00:59):
Many appearances, talking about so many different things.
Speaker 3 (01:01):
You want to go back to the two thy and
sixteen Republican platform, and in that Republican platform, Donald Trump
talked about taking on the two big to fail banks,
talked about going after Wall Street and the big firms,
something that I have been pushing for since they allowed
(01:24):
this nonsense to come together when they repeal Glass Steegel.
This is way back when when Bill Clinton was on
his way out the door. But it wasn't Bill just
Bill Clinton's fault. It was Republicans and Democrats coming together.
And trust me, Democrats and Republicans have benefited by too
big to Fail in the sense that man oh man,
it makes it a hell a lot easier for them
(01:45):
to collect big checks.
Speaker 4 (01:48):
That you want to talk about a monopoly anti trust
her iness country.
Speaker 3 (01:55):
The size of these big banks, all of the small
banks that went under during the Finance Ansel crisis, not
because they did anything wrong, but because they couldn't keep
up with regulations that were put into place during Dodd
Frank to supposedly protect we the people against too big
to fail. Yet nobody got in any trouble. Nobody went
to jail, and they all walked away scott free. That's
(02:21):
something to go after getting involved in a streaming merger. Yeah,
you want to have you they have to take a
look at it and look at some of the issues. Fine,
but there's bigger fish to fraud. And I'm going to
give you an example. This was this is actually during
the Biden administration, and I laughed, I left. We said
right here on this very program, well that company's gonna
(02:43):
go under now, yep, I robot I Robot. They make Rumba,
those little robot vacuum cleaners that bounce.
Speaker 4 (02:52):
Around your house.
Speaker 3 (02:53):
Amazon wanted to buy I Robot, and the Biden Minister
and Lena Khan said you can't do it.
Speaker 4 (03:03):
European Union said you can't do it. You're gonna favor
You're gonna favor your.
Speaker 3 (03:08):
Company, I Robot company rather than other companies that want
to put stuff on your platform. Again, this is a
bloody robot vacuum for crying out loud.
Speaker 4 (03:22):
Rumba. I Robot declared bankruptcy. Guess who owns it now?
Speaker 2 (03:28):
China.
Speaker 4 (03:29):
They kid you. I couldn't make it up.
Speaker 3 (03:33):
They place the manufacturing company that puts the things together
in China now owns I Robot because they owe them money. Again,
this is what happens when the government gets involved when.
Speaker 4 (03:49):
They shouldn't get involved. Anyway.
Speaker 3 (03:55):
There was a story this past week in the Wall
Street Journal got my attention because I've talked about talked
about this area the country. I've written about this area
the country several times, kind of use it as a
teachable moment. I'm not picking on this area the country.
I pick on where I grew up in upstate New
(04:17):
York as well. We'll tie this all in the story
in the Wall Street Journal talking about the War on poverty.
The War on poverty failed them, and they're no longer
waiting for help. And they go to West Virginia, Appalachia,
and it's McDowell County in West Virginia, and they first
(04:39):
start off talking about a lady who's seventy three years
old now and how she first first started collecting, when
she first started with food stamps when she was nine.
Her family got and when she was nine and John F.
Kennedy started food stamps. This is when he was touring
the country and he saw the poverty and Appalachia for
(05:00):
the first time, and that's when food stamps got started.
Right around that that time, mining was technology was taking over.
It didn't need as many miners. And there's been a
lot of hits to that area. This county and of
itself government has chipped in three point six billion dollars
(05:20):
and trying to alleviate a hardship and helping businesses to
go there, not to mention thirteen billion dollars in Medicare
and Medicaid payments. Again one county. There others as well.
You look at the numbers. The county itself lost sixty
seven percent of its residence. It was one of the
(05:42):
largest drops in West Virginia, the population from fifty one
thousand down to seventeen thousand people. Now, I'm not just
picking on West Virginia and Appalachia. In this county they
in the article to lengthy article, some of the people
are trying to teach how to farm in the hills.
(06:04):
There's issues because certain corporations and companies own a lot
of the land, even though they have left amazing they're
trying to take.
Speaker 4 (06:13):
An old a Walmart left town.
Speaker 3 (06:16):
Walmart went out of business there, trying to turn an
old Walmart into a you know, some sort of factory.
But again, the infrastructure is not there, the roads aren't
there to make it.
Speaker 4 (06:27):
The slightest bit viable. It's a sad story. It is.
Speaker 3 (06:34):
It's a sad story, but it is a reality, just
like I'm sorry to say it, but just like death
is a reality when it comes to life. Cities don't
always last last forever. Towns don't always last forever. You
leave West Virginia, and I know talked about this before.
(06:55):
You know, I'm from upstate New York. And there is
a lot of life. And upstate New York there are
there are a lot of towns that are just it's brutal,
it really is. It wasn't always that case. Why is
there a town here? Well, you know, why would there
be a town here? Well, there used to be this
(07:16):
thing called an Erie Canal where you get goods from
New York to the Great Lakes out west. You needed
the Erie Canal and towns along the way. These were
boom towns. But they are no longer. And you know,
I know it's aid. I brought this up before. I
(07:37):
was one of my favorite stand up comedians. Sam Kennison
talked to me skip back in the nineteen eighties when
everyone was sending aid to Africa, and in the skit
it was it was hilarious, it really was.
Speaker 4 (07:48):
He was like, you know, you know, stop, he said, basically,
you must.
Speaker 3 (07:51):
Stop sending them food, stop sending them money, send them
you hauls and move them to where the food is.
This is something people that we should try, We should try.
Why not rather than again you sorry, three point six
billion in aid to try to bring business there, mail
thirteen billion Medicare Medicaid payments, also a ton of other
(08:15):
stuff as well. Wouldn't it be better to buy them
out of their land? Would it be better to buy
them out of their land? This is the mountains, Yeah.
Speaker 4 (08:26):
Making an answer of the park, turn it back to nature.
Speaker 3 (08:31):
There's nothing wrong with that, and help these people move
somewhere else. They're hanging on to an area where it
quite frankly, it's not gonna make it just not gonna
work anymore.
Speaker 4 (08:50):
Again.
Speaker 3 (08:50):
If this is you know, it's something quite frankly that
I wish. It involves thinking outside the box.
Speaker 4 (08:59):
It really does. But there's nothing wrong with that. There's
nothing wrong.
Speaker 3 (09:04):
Oh, towns along the Mohawk River and upstate New York
that are just downtroying.
Speaker 4 (09:09):
It's a disaster the poverty. Buy them out of their problem.
I'm then at the land.
Speaker 3 (09:15):
Give them a chance to start somewhere else, because when
it gets depressed.
Speaker 4 (09:21):
Like this, what else happens? Again?
Speaker 3 (09:23):
They talk about this in the column as well. It's
sad you end up with drug problems and opiate issues and.
Speaker 4 (09:30):
Solve sorts of other stuff.
Speaker 3 (09:31):
Need to get away from that and again something something
that I think a smart politician, smart politician actually cares
about this country and solving problems could run on, we
could do something about it.
Speaker 4 (09:49):
I got to talk about.
Speaker 3 (09:51):
Events from last weekend, and I know I did a
podcast on this as well, you know, Australia, Providence, Paris,
the World.
Speaker 4 (10:03):
Why am I bringing this up? Well, my son I
talked about some other program.
Speaker 3 (10:08):
He graduated from Providence College around the corner from Brown University.
So we saw this story and everything that's transpired over
the course of the week. I haven't been I'm not
surprised at all. I'm not surprised at all. The city
of Providence got some great restaurants in the City of Providence.
(10:28):
Italian neighborhood of town. Fine, you're gonna be safe there,
ain't gonna be safe, And I mean, have any issues
in the Italian neighborhood there in Providence. The rest of
the place is a blighted disaster. Rhode Island is as
far left as left could be. Brown University. I wouldn't
(10:48):
let i kid go there. I don't care all right,
Ivy League School. I would not let my kid go there.
No way, no shape of metaphor, you have no idea,
you have no idea how far left that place. Honestly,
it's like the bar scene from Star Wars. There the
(11:10):
most ice y bar. It's it's crazy. And you're watching
these people that are at the president of the university.
You have facial recognition cameras. You don't have any caoes.
Wait wait where are they? You shut them off?
Speaker 4 (11:25):
Wait?
Speaker 3 (11:25):
Wait, you shut them off. Oh you're worried about ice raids?
Are you're worried about you know, Palestinian protest? I mean
you do you watch any of this at all and
take a look at the absolute order in competence?
Speaker 4 (11:43):
Awful, awful, and.
Speaker 3 (11:48):
You see that, you see that, and then you watch
the horror in Australia and what took place there, and
then yeah, I saw a story. And Paris, Paris, France,
we used to put on a nice, big New Year's
Eve celebration and concert.
Speaker 4 (12:10):
Cancel it. Why do you think that is? Why do
you think that is?
Speaker 3 (12:17):
Well, we're gonna talk a little bit about that when
we get back, when we get into Empire and assimilation.
Watchdog on Wallstreet dot Com. Watchdog on Wall Street dot
com our site again. Become part of the Watchdog on
Wall Street family again, our personal CFO program, podcasts, newsletter,
all sorts of great stuff.
Speaker 4 (12:36):
Watchdog on Wall Street dot Com. We'll be back.
Speaker 1 (12:57):
Taking Wall streets, liars, crooks, and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Street jingle bells.
Speaker 4 (13:08):
I've been down.
Speaker 3 (13:09):
I'm consistent, consistent when it comes to my thoughts on immigration,
going back decades here, Very very consistent when it comes
to assimilation. Actually was a columni bart Swain talking about
digestible immigrants prior. We are constantly constant being called anti immigrant,
(13:35):
anti this. They take the Statue of liberty, they throw
it up in our faces, and it really.
Speaker 4 (13:44):
Ticks me off.
Speaker 3 (13:46):
It does because what my grandparents sides, immigrants have no
problem with immigration.
Speaker 4 (13:55):
In fact, yeah, the immigrants.
Speaker 3 (13:58):
I wish we'd had more legal immigration with people who
want to be here. Years ago, I remember railing about
soccer games here in the United States. The United States
is facing off against Honduras, and all these people from
(14:18):
Honduras that are here in the United States are going
to a US Honduras game and they're waving Honduran flags
and they're screaming at the American players and all this stuff,
And I'm like, what country.
Speaker 4 (14:30):
Do you live in?
Speaker 3 (14:34):
What's wrong with you if you don't want to become
a part of this country.
Speaker 4 (14:40):
Get out. Do I root for Italy? Do I root
for Poland? Absolutely? I do all the time.
Speaker 3 (14:50):
But when they play the United States, I'm for the
United States. We want people that want to become American. Now,
I'm this is you know, a different topic when it
comes to Central America and Mexico and South America as
far as culture is concerned, much easier, much easier to
(15:16):
assimilate than what we're dealing with right now. Victor Davis
Hansen is a guy I talked about him here before
I read his books.
Speaker 4 (15:26):
He's a great.
Speaker 3 (15:28):
Historian, you know, genius when it comes to classical history,
which I absolutely love actually uh Stanford professor and also
it work to the Heritage Foundation as well. And he
was interviewed this past week. I wasn't he was on
his podcast. As a matter of fact, he was interviewed
on his podcast talking about the things that are are
(15:51):
happening in the world. And he again not only you know,
you got the situation that happened in Australia and what
happened in Providence, and what they're you know, Paris, and
the constantly story after story happening where they're thwarting attacks
on a regular basis, and it's barely making the news.
We also had the soldiers that were killed in Syria,
(16:12):
and you know, he's talking about this, and he's saying,
you know, again, now we got nine hundred soldiers in Syria,
and you've got former members of ISIS that are all now,
all of a sudden on supposedly on our side, working
for the government. Again, this is the same crap that
we went through in Afghanistan, where you'd have these types
(16:33):
of attacks. So what's the point what's the point in
US even having soldiers there?
Speaker 4 (16:41):
Now?
Speaker 3 (16:41):
Trump said, Trump said, he's you know, he's gonna do
something about this attack, and the fact that two soldiers
and an interpreter were killed.
Speaker 4 (16:47):
I haven't heard anything yet.
Speaker 3 (16:51):
If you're gonna have nine hundred soldiers stationed somewhere some
sort of bloody trip wire, if a hair on their
head is disturbed or one of these types of attacks,
you gotta you gotta, you gotta drop some serious bombs.
Speaker 4 (17:07):
You've got to get serious, because guess what, they're just
gonna keep doing it because that's all they did.
Speaker 3 (17:11):
This happened, This happened during the bind administration. Attack, over
one hundred and thirty attacks originating and serious.
Speaker 4 (17:22):
We didn't do a damn thing.
Speaker 3 (17:25):
When Reagan was confronted with what happened in Lebanon, he's like,
all right, I'm not I got out of here. Okay,
this is not gonna work. I'm not gonna do this.
He pulled out. So we have to make a decision
here as a country. Okay, you wanna put the world
on notice and say, hey, listen, Okay, you know we're
(17:45):
gonna we're gonna help out here and whatnot. But you know,
anything happens to our guys, you know you're we're gonna
remember Don Corleoni and Godfather won when he's warning everybody
he's gonna bring Michael home, and he said, you know,
if he had to hang himself in his jail sealer,
he shot by a police offer, he stuck by a
bolt of lightning, I'm gonna stop blaming people in this room,
(18:08):
and then I do not forgive and forget anyway, same concept.
If not bring them all home, okay, if we're gonna
keep Americans there, if you kill these people, we are
going to make your life very very uncomfortable. Now, radical
(18:28):
islamis Victor Davis Hanson and teaches Stanford. He estimates we
got about a quarter million of them, quarter of a
million on campus here in the United States. And he says,
you know, we got to tell them, we've got no
problem with you. But if you're associated in any way
(18:48):
with any of these movements or any of these countries.
Speaker 4 (18:54):
It's not gonna work out.
Speaker 3 (18:58):
I talked about this here on the program. There just
certain cultures that just they don't go together. You keep
put the square peg in the round hole. We're seeing
what's what's happening in Minnesota?
Speaker 4 (19:20):
Have you been there? Have you gone there? I landed
at airport at Minneapolis.
Speaker 3 (19:26):
I thought, I again, I thought my plane got diverted
to a different, you know, different continent. For crying out loud,
Burker's everywhere in the airport.
Speaker 4 (19:38):
There's no need.
Speaker 3 (19:41):
For us to be bringing in people from Algeria, Libya, Somalia.
Why we got enough people here, enough people that want
to come here that'll blend.
Speaker 4 (19:55):
They interview these people man in the street interviews. They
don't want our rules in laws.
Speaker 3 (20:01):
They want an enclave where they can get government aid
and they can practice Seria law.
Speaker 5 (20:08):
That's not how we operate man. Then you see you know, thanks,
you know, you know. Listen, things are not gonna work
out here. Might we suggest Afghanistan? Might we said to
have sharia law here? We're just trying to make you
more comfortable again, correct me if I'm wrong. Gotta take
(20:29):
a Watchdog on wallstreet dot com.
Speaker 3 (20:31):
Watchdog on Wall street dot com is our site.
Speaker 4 (20:34):
A little bit more on this.
Speaker 3 (20:36):
When we get back Watchdog on wallstreet dot com, we
shall return.
Speaker 1 (20:40):
You're listening to the Watchdog on Wall Street. This is
the Watchdog on Wall Street.
Speaker 4 (21:09):
All right, welcome back.
Speaker 3 (21:13):
You get yeah, yeah, we got fifty states, We got
a tenth Amendment. People in the Minnesota, you voted for
Tim Walls. You got eighty percent of the Somali communities
on public assistance, not to mention all of the fraud.
And the government of the States say.
Speaker 4 (21:31):
Hey, we need more people like this.
Speaker 3 (21:35):
What Yeah, Yeah, I'm managing a baseball team and I
got a guy that's bat in one fifty and strikes
out more than two hundred times a year, commits.
Speaker 4 (21:45):
An error game, and I'm saying, you know what, we
need more players like that guy.
Speaker 3 (21:48):
Yeah, a need more guys like that on my team.
Speaker 4 (21:52):
These are people that refuse to assimilate. They're not going
to do it. There is a difference. It's okay, so
it's a it's a you know, it's a small.
Speaker 3 (22:06):
World, but it's a decent size world with plenty of on,
plenty of places you can go. You got a Judeo
Christian country, okay. If you go to any Islamic country,
it is the overwhelming religion.
Speaker 4 (22:24):
Okay.
Speaker 3 (22:24):
Judaeo Christian is one of tolerance. Islamic country. No, you
can't just sit it out. Okay, unless you're like you know,
Ronaldo playing in Saudi Arabia.
Speaker 4 (22:38):
You gott you gotta, you gotta be Muslim. Here in
the United States, Western you can do whatever you want.
Speaker 3 (22:46):
There's a you know, a couple of the petro chikdoms
out there that have all this money. But you don't
see people flocking to go to Egypt. They're not flocking
to go to Algeria, Tunisia, Libya. There's no way these
people want to come here. They want security, they want freedom,
(23:09):
they want the prosperity of the United States or Western
Europe if they go there, but they want it in
a damn cocoon.
Speaker 4 (23:17):
They're outclave they're enclave.
Speaker 3 (23:21):
They want to continue to have all of their traditional
customs and values, except they're not going to be poor
and they don't want to be monitored by the government.
Oh you know as well, they're not going to be
attacked by their tribal rivals. They'll be safe, they'll be rich,
they'll be healthy.
Speaker 4 (23:38):
Oh I mentioned hey, oh you know what.
Speaker 3 (23:40):
They can also go to walk into any hospital that
they want to walk into.
Speaker 4 (23:43):
You got health insurance? No, that's okay, I need the procedure.
Speaker 3 (23:48):
And then they have someone like elan Omar who says
that the United States is a trashy country.
Speaker 4 (23:54):
And they vote for her and that the United.
Speaker 3 (23:56):
States is worse than the dictatorship that she left. Uh no, no, no, Moss, no,
mass We don't want this here. You see some of
the statistics for Europe. You see some of the statistics for.
Speaker 4 (24:12):
Europe for rape for one hundred thousand people.
Speaker 3 (24:16):
Anybody want to guess which countries have the best numbers
by far?
Speaker 4 (24:21):
They we want to guess?
Speaker 3 (24:23):
Oh yeah, yeah, Poland and some of the other countries
that said nah basically gave the middle finger to the
European Union about this unchecked migration and taken in refugees.
I was watching this past week a defense in the UK.
This horrible monster raped some girl, and the defense was, well,
(24:47):
he doesn't know any better because he came from this country,
and it's acceptable there.
Speaker 4 (24:51):
You can't make this stuff up. You can't. We don't
want that here.
Speaker 3 (24:58):
We don't want the UK's bas lost as far as
I'm concerned, but we don't want this here, and we
need to put a stop to it anyway, anyway, quickly,
on this executive order that Trump signs on a I
I went through it.
Speaker 4 (25:17):
Thank god. It wasn't nearly as.
Speaker 3 (25:22):
Didn't go as far as I thought he was going
to go, and that's a good thing. Ron DeSantis, my
governor here in the state of Florida, has been pushing
back very heavily on some of the overreach with AI
and he's again tenth Amendment, wants to protect the citizens
here in the state, and I have no problem with it.
Speaker 4 (25:39):
I think that the use of deep fakes should be banned.
Speaker 3 (25:43):
We've talked about how dangerous some of this stuff is,
this sour stuff, and how it can be used also
as well.
Speaker 4 (25:49):
He again he doesn't no data centers here in the
state of Florida.
Speaker 3 (25:53):
He's like, no, if you're going to make the power
prices go up for the citizens before, we're not going
to allow this here in our state.
Speaker 4 (26:00):
And he's ready. He's right.
Speaker 3 (26:03):
You think about again, the stuff that this is being
used for. That they haven't worked out the business model
yet for Ai they haven't. Okay, eventually you're gonna have
to pay to make your stupid videos and your stupid
pictures and waste time on that thing because it uses
a hell of a lot of juice, hell of oders.
And quite frankly, I don't want to pay for your
(26:25):
stupid pictures and your stupid you want to pay, you
pay for it yourself. And that's what he's saying, and
that's what we need from again. We got to slow
things down to some degree. I'm totally with the Santas
on that one. Anyway, No, we're gonna get back. I'm
gonna talk a little bit about it again. It's New
York Times put out a piece put out a piece
(26:47):
this past week saying that we need to prepare for wall.
We need to prepare for wall with who with China again?
And I see one thing that all the newspapers have
in common. They're all they all love war until they don't.
They love getting war started, that's for darn sure. They're
all in, all the time, all in until they're not.
(27:08):
We're gonna talk a little bit about this when we
get back, because it's nonsensical, quite frankly. Watchdog on Wallstreet
dot com. Watchdog on Wallstreet dot Com. Our site began
to become part of the Watchdog on Wall Street family,
all sorts of greats, the personal CFO program, podcast, newsletter,
you name it Watchdog on Wallstreet dot com or give
us a call eight hundred four seven one fifty nine
(27:29):
eighty four.
Speaker 1 (27:44):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 4 (27:54):
I don't know.
Speaker 3 (27:54):
Maybe New York Times got themselves a nice check from
some of the defense contractors. They put out a video
this past week calling for the US to prepare for
the future of war. It urged the Pentagon to take
drastic steps to be better prepared for potential fight with China,
a conflict that could quickly turn nuclear again again. Everybody
(28:17):
gets scared, Hide underneath your bed. Maybe we should have
the kids in school doing the bomb drills like I
used to have to do back during the Cold War,
hiding underneath my desk. The US politicians often both that
America has the strongest and most powerful military in the.
Speaker 4 (28:31):
History of the world. Behind closed doors are being full
of a different story.
Speaker 3 (28:36):
Oh yes, they did a comprehensive classified view of US
military power. They called the Overmatch Brief, and it shows
what could happen if a war were to break out
between China and the United States. The video said that
a war with China might seem purely hypothetical, but said
that China wants to seize Taiwan by twenty twenty seven. Again,
(28:59):
study Chinese history. That would be something new. Something new
in their history is invading countries, and they've been around
for thousands and thousands of years. China actually operates like
the borg they assimilate now again half a wall.
Speaker 4 (29:18):
Anybody out there, just throwing us out there.
Speaker 3 (29:20):
Anybody want to volunteer their children or grandchildren to go
and fight China if they want to take Taiwan, just
ask them. Thrown out there, anybody want to volunteer their
kids to go die because Taiwan were not even efficiently.
We don't officially recognize it as a country. It used
to be a part of China. Again, your Chian kai shek, yeah,
(29:45):
mouse tongue. They went over there and now they're a
separate little entity over there. You want to send your
kids over there to go fight for that? Are you
out of your mind? And they're saying, yes, the US
much prepare for the future of then we need this
and we need that. You know, I'm sorry if I
saw this and we're overmatched by China. Again, we spend
(30:08):
more on our military than the next ten countries combined
below US, including China, not even close. What exactly we
spending money on and again this is this is every
single year. So you would think that our advantage would
seriously compound over time based upon the amount of money
(30:30):
that we're putting in. Where is the money going some
sort of hole somewhere again New York Times. I don't
know if they, you know, said, hey, you know what, jeez,
you know, maybe we've got to check from these guys.
Speaker 4 (30:46):
Maybe we've got to tout this. This is nuts to me,
it really is. We just cut a deal with China
to sell them these high end ships. Why would we
be doing it? Does any of this register make any
sense to you, And they pushed this all the time,
where this inevitable war with China.
Speaker 3 (31:10):
You would say, what happened to their economy if we
weren't buying their stuff?
Speaker 4 (31:15):
Done that up to me? Kids?
Speaker 1 (31:17):
Sorry?
Speaker 3 (31:18):
Sorry, it looks like we're being sold in other bill
of goods yea. And military industrial complex is good at that.
Speaker 4 (31:23):
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com.
We'll be back.
Speaker 1 (31:33):
Chris Markowski is the Watchdog on Wall Street. You should
(31:55):
believe in math, not magic. You're listening to the Watchdog
on Wall Street with Chris mark Kolski.
Speaker 3 (32:02):
A great piece of news and good for Trump on this,
But you're you're gonna have court cases.
Speaker 4 (32:07):
They're gonna fly.
Speaker 3 (32:08):
The federal government this past Thursday acted to put an
end to gender gender related care for children. Yeah, pulling
federal funding from any hospital that offers such treatment. Good good, Yeah, sorry, guys,
(32:31):
it's a mental illness. Any parent that would ever allow
their kids to.
Speaker 4 (32:43):
Again do that.
Speaker 3 (32:44):
I can't even get my arms around that. I really
can't mutilate a child. Are you out of your mind?
And then you get some schools out there that don't
even tell parents I remember you couldn't when I went
to school. You couldn't take a baby aspirin unless you
had your parents' permission for crying out loud.
Speaker 4 (33:08):
Yeah, I'm sorry. I'm sorry again. Get the people freaking out.
Speaker 3 (33:12):
The administration's action is not just a regulatory shipt, but
the leadst signal with the federal government does not recognize
even the existence of people whose gender I Daddy does
not align with their sakes at birth night.
Speaker 4 (33:22):
It doesn't.
Speaker 3 (33:22):
Okay, it's mental illness. Change my mind. You're not going
to not going to I'm sorry. You could look at
the statistics, look at the numbers, look at the suicides.
Speaker 4 (33:34):
No good, these people need help, Okay, just not mutilated help.
Let's just leave it at that.
Speaker 3 (33:42):
China's economy deteriorating on several fronts. Yeah, they're exactly what
we told you, weakening and consumer spending.
Speaker 4 (33:54):
Again.
Speaker 3 (33:54):
They've tried to pump up the economy. They have, it's
just it's very difficult to do. People failed to understand
that they went all in on real estate. And this
is a country that doesn't have a social security system,
the social safety net programs that we have here in
(34:15):
the United States. And once you lose confidence in the
system at hand and the value of your real estate
which continues to drop. You know, people pull back, and
that's what has taken place there again, another example of
failing miserably when it comes to centrally planning and economy. Now, granted,
(34:38):
China's exports, despite Trump's tariffs, went through the roof. They
went on a major exports spree, and they just started
dumping it elsewhere. It's actually an interesting story of Europe's,
like this is ridiculous now, all of this stuff that
they just dumped in warehouses in Europe again, cheap goods.
(35:00):
How's it gonna work out? Are they gonna eventually sell it?
I don't know, but that that's a country that has
its issues. I'm still not a big believer that Xijen
Ping is gonna be around for that much longer.
Speaker 4 (35:13):
I really don't.
Speaker 3 (35:13):
There's gonna come a point in time where they're gonna
say enough's enough, enough's enough.
Speaker 4 (35:17):
We can't take this any moles. We can stands.
Speaker 3 (35:20):
We can't stands no more. As Popeye would say, all right.
Another big story from this past week on the business front,
Trump poised to ease federal marijuana regulation. This is going
to reduce federal restrictions on marijuana, and people have come
out on both sides of this issue pretty hard.
Speaker 4 (35:44):
Here's what I take from this and the problems that
we have with marijuana.
Speaker 3 (35:49):
First and foremost, the marijuana that is out there today
is someone was explaining how much stronger it is than
it used to be, which again is a problem. However,
with alcohol alcohol, we know again that people not having
the making gin in their bathtubs or anything like that.
(36:12):
You know what eighty proof is, and eighty proof shot
of vodka is equal to a normal bottle of beer
unless you're getting one of the fancy epo ones that
are super strong or a glass of wine. Basically the
same amount of alcohol, the THC content, and some of
the stuff. Again, they might want to get their arms
(36:33):
around some of that. Now it's going to be if
it's a Schedule three drug, it would put it at
the same level as common prescription painkillers and steroids, if
I'm not mistaken. And again I guess this would allow
universities to study it to a greater degree and the
(36:55):
effects anything you need to be careful with. And i've
again the state of New York, it's legal not legal federally,
but it's legal in the state of New York. And
these quality of life issues without a doubt. You know
the fact that you know you're walking around New York City.
While you are in New York City, you almost I
(37:16):
almost missed the smell of cigarettes, you do, I almost
missed the cells.
Speaker 4 (37:21):
It's just nothing but the smell of skunk weed. And
I don't understand why.
Speaker 3 (37:24):
You know, if you're gonna do this, you know, remember
remember Donald Sutherland and Animal House when you know he
shut the door and he put the cut shut the
shades when they were sumnond the movie Animal House. I
mean out in the open, in front of kids and parks.
Speaker 4 (37:38):
Now, no, I mean why driving down? I mean it.
Speaker 3 (37:43):
Sticks in the air. It's got like this maple syrup
in the air type of quality. Oh, and you get
whacked with it. I'm sorry. I mean something needs to
be done with that. You know, maybe we should have
gone with the mile like they have in Holland, with
the cafes or something. But uh, I don't know, I
don't know. I got to get your arms around it
before it gets out of control. But again, the war
(38:04):
on drugs has been an absolute disaster.
Speaker 4 (38:07):
It really has also another interesting story and it's not
surprising me at all.
Speaker 3 (38:13):
I actually did podcast on this as well, talking about
some of these colleges and the amount of college of
the remedial classes where kids kids are getting into colleges.
These are kids with four point ohs four point ohs
in high school and somehow amazing grades on their SATs,
but they need to take remedio math to the tune
that they've got.
Speaker 4 (38:33):
To go back to middle school.
Speaker 2 (38:35):
How is that?
Speaker 4 (38:36):
I don't understand how this work. Of course, it's in California.
Speaker 3 (38:39):
How how do you how do you get straight a's
in high school and you're not competent in middle school
level mathematics?
Speaker 4 (38:49):
And again it's even worse than that.
Speaker 3 (38:50):
Now, all the amount of kids that are declaring that
they've got some sort of disability.
Speaker 4 (38:55):
Allowing them all hours and hours and hours.
Speaker 3 (38:58):
To take exams. It's it's off the charts. But again,
what are we teaching kids now? We're teaching them to
game the system?
Speaker 4 (39:04):
Are we not? You gotta be successful in America, you
gonna learn how to game the system? No wo Anyway,
God bless everyone, have a wonderful Christmas and a happy
New Year, God bless
Speaker 1 (39:19):
You're listening to the watch Doll on Wall Street,
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