Fixing Europe

Fixing Europe. www.watchdogonwallstreet.com

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 Fixing Europe.

Speaker 2 (00:17):
I've done several podcasts over the past couple weeks talking
about the situation in Europe and just how dire it
is for their overall economy. We've talked about the energy
issues at the avent and again they're their own worst enemy.
It's all self inflicted stuff, and we all know that.
Liz Trust. Actually I did a piece today in the

(00:39):
Wall Street Journal. If you remember Liz Trust, she was
forced out, forced out because some of her policies that
she put forward when she became Prime Minister messed around
with the bond market over in the UK. And again
it wasn't a big deal, but it gave them an
excuse to offer and her ideas were pro growth, cutting

(01:03):
taxes and pro growth. But again the liberals can't stand that.
They hate that, and now they've got hey again, they
had fake conservatives, now they got real liberals and things
are not going very well. She wrote today said Donald
Trump's reelection as a victory for conservatism over wokeism, for
the people over the elite, and for the American economic
model over the European The US economy has eclipsed Europe's,

(01:26):
including the UK's and the two thousands UK briefly Britain's
briefly had a higher gross domestic product per capita than
Americans today thirty four thousand dollars ahead poorer.

Speaker 3 (01:43):
Think about that.

Speaker 2 (01:44):
France and Germany similar situation. Most European nations assigned themselves
to the economic doldrums through heavy taxes and regulation. They've
suffered high energy costs and stagnation as a result. Even
though the UK left the European Union. And funny thing
is they left the European Union, but then they kept

(02:07):
all the stupid policies. What's the damn point for crying
out loud? She says, We haven't removed this the regulations
we were bound to impose during our membership.

Speaker 1 (02:16):
In it.

Speaker 3 (02:18):
Worse, the UK.

Speaker 2 (02:19):
Doubled down on net zero, ruining their industrial base and
pushing energy prices to the highest in developed world. Their
electricity costs why should you not? Their electricity costs are
five times what we pay five times. The country's largest
steel workers closed this fall, and we're importing most of

(02:40):
our gas rather than fracking it. And talked about Trump
and his policies in his first term, in what he did,
and his vow to finish off the deep state. In
the UK they call the deep state the blob.

Speaker 3 (02:56):
Again.

Speaker 2 (02:56):
She was actually pushing for a free trade deal between
the United States in the UK. They would benefit both countries.
Said they tried that during Trump's first term, but the
so called well we call them rhinos here in the
United States, the Conservatives in name only over in the
UK thwarted that deal. They didn't want it. Trump is

(03:20):
gonna have to be you know, he's gonna have to
give Europe some tough love. I think that we're going to.
I think we're going to have to impose some tariffs
on some of these countries.

Speaker 3 (03:30):
I think it's it's bound to happen.

Speaker 2 (03:32):
Oh, we do already, but I think we're gonna have
to push it to a greater degree.

Speaker 3 (03:37):
And you know, maybe, just maybe they'll they'll wake the
hell up.

Speaker 2 (03:41):
We did see and we mentioned this Germany's Germany's coalition
government collapse.

Speaker 3 (03:47):
It's an absolute disaster.

Speaker 2 (03:48):
There.

Speaker 3 (03:48):
You're getting pushed back here, there and everywhere.

Speaker 2 (03:50):
When it comes to all the nonsensical immigration policies that
they put forward. It's high time that they wake up.
And as soon as they do, the better, it's gonna
be better for both the European Union, UK and the
United States. Watchdog on Wall Street dot Com