Five Billion and the BBC: Trump’s Lawsuit and the Media’s Endless Spin Cycle

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In this segment, Chris breaks down Donald Trump’s massive $5 billion lawsuit against the BBC, sparked by what the network calls “regrettable editing” and what critics call deliberate narrative-shaping. From accusations of activist gatekeeping inside the BBC, to Europe’s cultural unraveling, to the long history of American media scandals—from Dan Rather’s “fake but accurate” fiasco to Stephen Glass’s fabricated reporting—the episode explores how legacy outlets bend reality, protect their own, and rebuild disgraced figures. With detours through C.S. Lewis, Christmas market unrest, and the modern newsroom’s ethical shortcuts, this commentary pulls back the curtain on the media fraternity that always seems to land on its feet.

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

Speaker 2 (00:16):
Trump's BBC lawsuit, Yeah, Trump's. Trump's got quite a lawsuit
here that he has filed. He's actually, he's actually suing
for five billion dollars. Again, that's like an Austin Powers
or doctor Evil. Oh, five billion dollars. Yeah. Again. The

(00:41):
BBC released a statement that admitted to a regretful editing job,
but denied any wrongdoing. You see, again, that's lawyer talk.
You knew exactly what you were doing. If you want
to go take a look at the edited video. I mean,
would you edit it splicing together different parts of a video,

(01:06):
because again, you're trying to push people in a certain direction,
and they did it more than once. They did it
three times. The BBC is saying that there's no pattern
of wrongdoing. But then you know, there's a story in
the New York Post talking about how they have almost

(01:28):
like an alphabet people LGBTQ mafia working inside the BBC
to protect any stories against showing homosexuals, trans any of
that stuff in a bad light. Ah man, what was
that that living on a living on a thin line?

(01:50):
There that song by the Kinks There's no England now, yeah,
I remember remember they played that and uh there was
a song in the Sopranos at one point time. Anyway,
neither here nor the idea that's a that's a country
that most certainly is in a bit of a death spiral.
That they've done it to themselves without a doubt. And

(02:11):
it's kind of sad, kind of said, it's really sad
quite frankly. I'm reading some C. S Lewis right now,
so my nighttime reading at this point in time, and
you think about, you know C. S Lewis on air
during World War Two reading to the the public about

(02:34):
mere Christianity. They try that today, Oh my god, there
would be outrage. It was on the BBC as a
matter of fact. Oh my god. Uh, the the Islamis
in the UK would have a heart attack. And it's
it's not just the UK, it's other parts of Europe
as well. I don't know if you saw the uh,

(02:54):
the the German Christmas markets that are now how you
have to barricade them up big time because of the
issues in the past, mass protests outside the German Christmas
markets by again the local local Islamis that are none
too happy because they're having a Christmas market. You invited it,

(03:19):
you had them in. Okay, you did it to yourselves,
and until you come to grips with that, well then
you know. Anyway, I'm getting off the beaten track when
it comes to this. Anyway, this BBC lawsuit, I don't
know what he's going to win. I don't know if
he's going to cut a deal with the Cure Storm
or whatever it may be. But it's got a point.

(03:41):
But this is nothing new. And let's be honest. If
Trump has got a lawsuit against the BBC, one would
think that George W. Bush has got a lawsuit against
Was it ABC? I can't remember. I think it was.
I think it was ABC member the fake but true
documents Dan rather that entire story, the fake but true documents.

(04:08):
Now that story was released right before the election. This
was it is before the two thousand and four against
John Kerrey to move the needle, and it was made up.
And this has been the case before the media has
done it. Here in the United States. I've talked in

(04:29):
the past, remember the New Republic and Stephen Glass and
that entire all the stories that he made up for
that newspaper for whatever reason, For whatever reason it may
it may be again, I guess it's part of the
whole big club thing. Dan rather basically gets forced out

(04:50):
after this scandal, but then he becomes like this all powerful,
like Yoda type character to all of the these people
in the media, and they have them on and they
give them awards and all of these these different things. Man,

(05:10):
that you can't get a little bit pregnant. You do
that as a journalist, you're done. You should be done,
but you're not done in their eyes. And they do
whatever they can to like rebuild these people and their reputation.
I don't know, it's like some sort of weird fraternity
that they must be in. Okay, no matter what they do,

(05:31):
no matter how big they screw up, whatever it may be,
they're going to fix it. You know. You got that
situation as well, with that that Oh my god, I
mean you just look at the guy and he gives
you the creeps. That Michael Wolfe character. It's written a
lot of those anti Trump books and now finding out
that he's you know, he's emailing Epstein there and oh

(05:53):
you can you know you handle this right? You can?
You know this will put you in a good light
and Trump and a bad light. I mean, these people
have no shame. I talk about this this ethical bypass
at birth that that you know, many people on Wall
Street have, but also many people in the mainstream media have.

(06:14):
I get it. You know, there's a lot of money
to be made, a lot of money to made. You
work your way up to various different levels, especially you
know you're getting on air, your anchor. It's big bucks.
That's big big bucks. And these people doing these things
too again, making stories seem what they actually aren't to

(06:37):
enhance their careers. It's thinking of again another great film
broadcast News there with William hurt Never we're in with
the fake tears again. It's once you figure out and
you can start watching. This is important, especially young people
out there. You start watching the news or you're watching

(06:58):
bits of information, and you can spot the bs and
you can see the narratives that are being created and
where they're trying to drive what they're trying to sell you,
what they're trying to push you towards the better off
you're going to be again, keeps me busy, that's for sure,

(07:19):
covering all of their bull excrement watchdog on ballstreet dot
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