October 19, 2025 • 39 mins
Chris Markowski delves into the political and economic realities affecting society today. He discusses the consequences of government programs, the flaws in the healthcare system, and the impact of bad financial practices. The conversation also touches on the dynamics of the electric vehicle market, the ethical implications of AI, and political commentary on social issues.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Well, no one altered. Investment banker, consumer advocate, analyst, trader.
Chris Markowski is the watch dog on Wall Street? Do
you want to answer 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. You
(00:27):
can't handle the true bringing America the truth about what
really happens in the financial world.
Speaker 2 (00:34):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:39):
This is the watchdog Wall Streets.
Speaker 3 (00:45):
What about everybody? The one, the only the watchdog on
Wall Street show?
Speaker 4 (00:52):
Oh yeah, we got our to be continued moment here
between hours. They used to drive me nuts, is yeah, kid,
when I would be watching Batman and Robin the original
with Adam West there and then you get the cliffhanger
and you got to wait till next week to see
what happened. We're doing Wall Street Washington connortists and talking
(01:18):
about tricolor story that we broke here on the program
over a month ago. And again I saw it. I
looked into it and I was like, You've got to
be kidding me. You have got to be kidding me.
But hey, many people got rich here. Okay, bad money,
(01:38):
bad money, but many people got rich on the backs
of others.
Speaker 3 (01:44):
I don't know how one does that. I don't know how.
Speaker 4 (01:47):
One lives with themselves doing something like this, taking advantage
of other people to this degree.
Speaker 3 (01:57):
Oh you got a low you got a low credit score. Oh,
I mean whether or not you're legal in this country.
Speaker 4 (02:03):
Oh you need a car, Well, then guess what you're
gonna have to pay fifty percent above book, knowing that
they're not going to make it, knowing they're going to
be able to take advantage of it.
Speaker 3 (02:13):
And here's the other thing too. This is just.
Speaker 4 (02:16):
Downright evil of politicians as well. But again, they can
convince themselves that they're actually doing a good thing, but
they're not. They're not extending credit to people that don't
deserve the credit, that haven't earned the credit.
Speaker 3 (02:31):
You're not helping them out, You're not it.
Speaker 4 (02:35):
That was again, it was part of the whole I
remember during the after the whole Great Recession, Obama is
making homes affordable program and all this stuff, looking to
keep people in homes that they can't afford.
Speaker 3 (02:47):
You're making people stay in homes that they should just
get out of their house. Poor.
Speaker 4 (02:51):
They don't have any equity in a bloody house anyway.
What's the point people, how it's my house, is my house?
At your house? How much equity you have in that house?
How much money did you put into that house? You're
only making interest only payments. It's not your house. Walk away,
save yourself.
Speaker 3 (03:08):
Anyway.
Speaker 4 (03:10):
We go back to the government Community Development Financial Institution
Program established in nineteen ninety four.
Speaker 3 (03:19):
Why we're from the government.
Speaker 4 (03:22):
We got to expand credit for minority and lower income folks.
Speaker 3 (03:27):
For the folks.
Speaker 4 (03:30):
Again, credit money, all those things should be based upon
not your color, but whether or not you can repay alone.
Speaker 3 (03:42):
What the government does.
Speaker 4 (03:44):
Is it makes banks and businesses eligible for special grants
and lowers they're borrowing costs. Now, I'm not saying redlining
didn't happen, which did, but again that was with housing.
And then again you're forcing banks, forcing banks to make
(04:06):
loans to people that are not going to be able
to pay it back. I did a whole thing. This
was even before the Great Recession. We were talking about
banks making loans to people knowing that they were going
to eventually default on those loans. What does that do well,
the banks know that they're going to default, so it's
going to raise the borrowing costs for everybody else because
(04:28):
the banks to figure away to price that loss into
their business model. Now, banks can meet their Community Reinvestment
Act obligations. Community Reinvestment Act. You know where that came from.
That came under Jimmy Carter. Yeah, we talked a lot
about that when I wrote countless columns explaining the financial crisis. Yeah,
(04:53):
they can meet their Community Reinvestment Act obligations to invest
in low income communities by lending two cd F eyes.
Speaker 3 (05:01):
Banks that don't meet.
Speaker 4 (05:03):
Their requirements under the law all bad bank of face
restrictions on how much they can grow. So what did
Tricolor do? Oh yeah, oh yeah, you get Yeah, you
give extend loans to us. It's gonna be fine. Guess
what you're gonna be. You're gonna be able to grow more.
Speaker 3 (05:23):
What do you think? You know?
Speaker 4 (05:24):
Jamie Diamond comes out and he says, oh, yeah, it
was not our finest moment investing in this thing.
Speaker 3 (05:29):
What does he care?
Speaker 4 (05:30):
Okay, it's a rounding error over there at JP Morgan
allows them to grow their business in other areas. That's
all Okay again, think of it as a toll.
Speaker 3 (05:42):
Basically all it was.
Speaker 4 (05:45):
Blackrock cited tricolors CDFI designation and a twenty twenty two
press release for its ninety million dollar investment. And this
is what This is what Blackrock put out. Okay, those guys,
I mean, they have just no shame, Larry f. But
those guys have no shame at all.
Speaker 3 (06:02):
Listen to this. This is their press release.
Speaker 4 (06:04):
Tricolor is a financial tech company with a majority diverse
employee base that leverages proprietary AI powered technology to sell
and provide financing for high quality, affordable used vehicles to
underserve LATINX. I still don't know what LATINX means. You
(06:27):
know what latin is, but I don't know what LATINX is.
LATINX customer, what a bunch of woke bunk break much
of tricolors marketing hype. But hey, investors didn't notice. They
didn't care. They borrowed billions of dollars from banks to
(06:51):
make loans to customers, which of course were then sold
as part of asset backed securities to pimp call for
Crinal Pacific Investment Management Alliance Bernstein.
Speaker 3 (07:06):
Oh yeah, there a lot of what was that? That
was Stevie wondertoon. Skeletons in the closet. Yeah, there's a
lot of skeletons in the closet out there right.
Speaker 4 (07:16):
Now, and a lot of asset backed securities. Oh yeah,
and a lot of these investment firms are scared.
Speaker 3 (07:28):
Scared.
Speaker 4 (07:29):
Raise your hand if you don't own any of this stuff,
I'm raised in my hand. Wouldn't touch this crap with
a ten foot pull. This is basically basically the Great
Recession type stuff, except with used cars.
Speaker 3 (07:45):
Used cars.
Speaker 4 (07:46):
Tricolor said last year that a bond offering was oversubscribed
by nearly six point five times. What again, this gave
false sense of security, cause, oh, try relaxed underwriting, stan Oh,
that's always a relaxed underwriting standards for years. Loans to illegals. Yeah, yeah,
(08:10):
I got Trump. He tried to shrink this program.
Speaker 3 (08:14):
He did.
Speaker 4 (08:15):
Trump tried to say, well, this is not right here.
He tried to shrink it. And guess who stopped him.
Oh the Democrats. No, not just the democrats. Democrats try
to stop well, they did, both both Republicans and Democrats. No, no, no,
we gotta we got to continue to keep these wonderful
programs going.
Speaker 3 (08:38):
Again.
Speaker 4 (08:40):
Crooks on Wall Street, Crooks in Washington, same thing.
Speaker 3 (08:48):
Anyway.
Speaker 4 (08:49):
Speaking of Crooked, I know I've I've been hitting on
this the past couple of weeks. I watched it and
this was Thursday morning. Mike Johnson was on CNBC and
UH been talking about the government shutdown, a myriad of
(09:10):
things out there, and then they started talking about, you know,
healthcare in.
Speaker 3 (09:14):
Of itself and the problems.
Speaker 4 (09:17):
With UH with health care and what's going on and
the subsidies and all of these things that are put
in there. And I got a little irate with speaker
Mike Johnson. I did he he's being interviewers.
Speaker 3 (09:31):
I'm I'm I'm not saying. I'm not saying we're gonna.
You know, we're not gonna we're gonna get rid of Obamacare.
Speaker 4 (09:35):
It's entrenched in the system right now, and I'm gonna
I just want to throw up.
Speaker 3 (09:41):
I really did. It's entrenched in the system right now.
Speaker 4 (09:45):
Let me ask you a question, Mike, that you're from Louisiana, Yeah,
you understand humidity and weather. Uh, Mike, if you had
mold in your house, Okay, have you got mold in
your house? Are you just gonna go up there and
I let's say it's bad mold. You gotta do something about.
(10:05):
You gotta cut out drywall. You gotta deal with this
mold problem. To actually fix a problem. Are you just
gonna wipe a rag over it and continue to let
the mold be there because it's already entrenched in your house?
I mean, I've had it, I really, I mean it
is absolutely ridiculous, this back and forth. Let me give
(10:30):
everybody a bit of a wake up call. Who likes
playing the politics. I'm on this team. I'm on that team.
Speaker 3 (10:35):
It's actually funny. There was a Stephen A. Smith. He's
becoming a bit.
Speaker 4 (10:41):
Of a force when it comes to not just sports,
but politics as well. He put it to both Democrats
and Republicans in regards to the shutdown, right to their
face and then walked off the stage. You do understand something, people, Okay,
Now I'm gonna make this perfectly clear here. This might
be news to most people out there. When we talk
(11:02):
about the word priority, right, you can't have priorities. Priorities
plural is technically it doesn't make any sense, right. You
have to have one. A priority could be singular. It
has to be singular. It has to be one. But
people say, I've got priorities. Well, if you have priorities,
(11:25):
then you really don't have a a priority.
Speaker 3 (11:29):
You follow me here, let me.
Speaker 4 (11:32):
Explain to you the people that you vote for, the
people in Washington, DC, what their priority is. Their priority
is raising money. That is a number one priority, Job one.
It's not you, okay, not, because it's raising money, raising money.
(11:57):
The longer you're in Congress, the more power you obtain,
the more money you have to raise. Now in order
to make your job easy. Are your job easy when
you're dialing for dollars? Because that's what they spend most
of their time doing. You get hooked up with various
different groups with money. One of those groups are insurance companies,
(12:21):
and both Democrats and Republicans.
Speaker 3 (12:23):
I need to raise I gotta go. Well, you know
we need money. Oh, you want to keep things where
you are?
Speaker 4 (12:29):
You want to keep getting those Obamacare subsidies and overcharging
the American people for health insurance. Well you got to
cut me a check. Why do you think they're not
getting rid of this?
Speaker 3 (12:46):
Yeah?
Speaker 4 (12:47):
Rick Scott put out an op ed, Democrats keep shoveling
money at Obamacare It's not just Democrats, it's Republicans too.
I know you're trying to hold the line when it
comes to all of these Biden COVID nonsensical enhanced subsidies
for Obamacare the Affordable Care Act. Is nothing, nothing affordable
(13:10):
about the Affordable Care Act.
Speaker 3 (13:13):
It's been a disaster from day one, and Republicans, you
have done nothing to get rid of it. Nothing. All
I want is my old health insurance.
Speaker 4 (13:27):
All I want is my catastrophic health insurance that I
had before Obamacare. Why can't I have that? Why do
I have to overpay for lousy insurance? It's horrible. It's horrible.
My kid could get hurt playing a sport and go
(13:47):
see the best orthopedic surgeon going. And if they got
to get an MRI, I gotta speak to someone on
a phone somewhere, some kid that maybe graduated from high school.
Like I'm barely seak any English whatsoever to approve whether.
Speaker 3 (14:02):
Or not my kid can get an MRI. I don't
even bother anymore. I've given up. They bore me out.
I'm just pay cash. I'll just pay cash. I don't
even know why I have it.
Speaker 4 (14:14):
It's awful, and the prices keep going up for what?
Speaker 3 (14:19):
What more?
Speaker 4 (14:19):
Administrators? What you think doctors are making money on this?
Speaker 3 (14:25):
Are you kidding?
Speaker 4 (14:27):
You think doctors are making money on this? You know
how many doctors you have, many surgeons that I have
as clients all around the country, and almost every single
one of them wouldn't recommend to their kids to get
into the field of medicine. This is the disaster that
(14:49):
we're dealing with right now, and neither party.
Speaker 3 (14:53):
Wants to deal with it.
Speaker 4 (14:54):
Why nice fat checks from insurance companies gotta take a
break ken.
Speaker 3 (15:05):
Reality is what reality.
Speaker 4 (15:06):
Is, and we bring it to you here. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com is our site.
Don't go anywhere if you do. If you do, we
watch you. Get to our website, sign up for our
personal CFO program, our podcast, our newsletter, all sorts of
great stuff Watchdog on Wall Street dot com, or give
us a call eight hundred four seven one fifty.
Speaker 1 (15:28):
Four Bringing America financial freedom, one listener at a time.
(15:50):
You're listening to the Watchdog on Wall Street with Chris
markel Street down.
Speaker 3 (15:54):
In the kitchen and pigs me something good. Do et
make my head a little high? Yeah?
Speaker 4 (16:00):
I'm not satisfied with my my rant. I'm not done
on this. This is too much of a teachable moment
for the country. You know, I'm willing. I'm willing to
do it. The people you vote for are not.
Speaker 3 (16:18):
They're not.
Speaker 4 (16:21):
Republicans. Haven't gone out there trench to trench to the
American psyche. Americans are ready.
Speaker 3 (16:28):
You can't. You can't go.
Speaker 4 (16:29):
Out and explain to people how the free market works
and what a disaster Obamacare is, or you just don't
want to. I think it's you just don't want to.
Quite frankly, Obamacare subsidies. You're not subsidizing people, You're subsidizing
(16:51):
insurance companies. Americans are paying ridiculous sums of money for
a product that is useless, absolutely useless. United Healthcare, you know,
the United Healthcare Fifty percent of their revenues is government subsidies.
(17:16):
Think about that for a second. Let me just just
think about how stupid this is. And quick story, Okay,
a few weeks ago. A few weeks ago, I went
to Miami for the weekend with my wife. No let's
see concert was get away for our anniversary for the weekend.
Miami's a It can be pretty expensive and you're looking
(17:39):
around for restaurants whatever it may be. If you look
at a menu online, guaranteed, if you look for at
a restaurant, you see the menu, look at a menu
online and there's no prices, you know it's gonna be expensive, right.
You know most restaurants, you walk in the door, you
take a look at the menu, they give prices. Now,
(17:59):
if if you went into a restaurant and you got
a menu and there were no prices, might it throw
you off a little bit?
Speaker 3 (18:07):
I would me. I mean, imagine getting a wine list.
Speaker 4 (18:11):
You're getting a wine list and they give you a
list of wines and there's no prices there. Well, the
same thing, same thing when it comes to healthcare here
in the United States.
Speaker 3 (18:23):
No idea, what could pay? None, none, think about that?
How stupid that is? Why? Why and why why.
Speaker 4 (18:33):
Why can't various different hospitals compete on price? Why why
can't they tell you what something is going to cost
at a time? It's a scam, It's a racket. I
want to talk a little bit about the free market
because again, you know, and the leftist south here hy
(18:55):
capitalism and free market, can't let the free market get
involved in a healthcare what let's talk about the free
market for healthcare, because there is a free market for
health care, the free market for healthcare. Stuff that's not
covered by health insurance. Lasik eye surgery. My wife had lasick,
(19:15):
maybe about over twenty years ago. Over twenty years ago,
Lasik eye surgery has gotten countless times better and over
twenty years and much much cheaper.
Speaker 3 (19:31):
You know what, you know what they don't take for lasik.
They don't take insurance.
Speaker 4 (19:36):
Plastic surgery, elective, elective healthcare. How is it that it
gets better and better and better and the price comes down.
Speaker 3 (19:45):
Well, it's not subsidized. Wow, you see how that works? Magic? Wow,
free market.
Speaker 4 (19:52):
It's magical how that operates, How that works.
Speaker 3 (19:59):
It's funny.
Speaker 4 (20:00):
Talk talk to surgeons, talk to independent surgeons talking about
they can do the same exact surgery they're doing now
for sixty percent less with a thirty percent margin. At
you take a look at hospitals and what they spend.
Speaker 3 (20:18):
Let's go back to twenty eleven to today.
Speaker 4 (20:21):
Administrative costs nothing to do with healthcare. Administrative costs are
up eighty seven point two percent. That's where your money's going, folks,
not to healthcare. To people sitting on their buttocks not
providing healthcare. Watchdog on Wallstreet dot Com, Watchdog on Wallstreet
(20:42):
dot Com.
Speaker 1 (20:43):
We'll be back, Tiki Wall Streets Liars, crooks and cheets
out behind the woodshed. You're listening to the Watchdog on
(21:06):
Wall Streets.
Speaker 3 (21:08):
You know we should do on a show. I'm not
a gambler.
Speaker 4 (21:12):
We said, you're gonna have like an over under on
Markowski Predictions, Markowski Investments, Watchdog on Wall Street Predictions.
Speaker 3 (21:21):
When they happen, when they have.
Speaker 4 (21:26):
Stuff we call and I am again, I'm I'm not
being arrogant here again. It just to me, this is
just common sense type stuff. I see through everyone's bs,
I see through all the nonsense, and I said, well,
you know, yeah, this is eventually gonna happen. And sure enough,
(21:46):
General Motors this past week, Yeah, they're taking a one
point six billion dollar charge on their EV pullback. And
that's just the beginning. It's gonna get much much worse.
The automaker sites end of government funded subsidies and regulatory
(22:08):
mandates that fueled electric vehicle growth.
Speaker 3 (22:12):
Bulloney, Okay, the seventy.
Speaker 4 (22:14):
Five hundred dollars tax giveaway, which I hated, from the
get go drove me nuts.
Speaker 3 (22:21):
I said, why in the.
Speaker 4 (22:22):
World do I have to help pay for somebody else's
damn car?
Speaker 3 (22:26):
Okay, GM with your electric commer? Seriously, an electric commer?
Does that make any sense?
Speaker 4 (22:34):
And all that this type of battery you got to
put in that thing for crying out loud. So yet
General Motors is going in the opposite direction. I want
to remind you that it was just a couple of
years ago, just a couple of years yeah, four years ago,
twenty twenty one, the CEO, Mary Barrow, said the company
(22:55):
planned to have an all electric lineup by twenty thirty five.
Speaker 3 (23:02):
What do we tell you here.
Speaker 4 (23:03):
On the we laughed, that is how you know how
ridiculous that is? Do you understand the logistics involved with that,
the logistics of having an all electric line. Do you
understand you have to put charging stations, You have to
(23:24):
put chargers in every garage around the country. The garages
can't carry the weight of these cars because they're heavier.
Do you understand how nonsensical this doesn't make any sense
at all? And yeah, again, not because I'm any sort
(23:44):
of rocket scientists, It's just again, I live in the
real world. I don't live in the neighborhood of make
believe and emotions and feelings and green dreams and nonsense.
I don't have any problem at all with electric corners.
(24:05):
They're great if you don't have to go that far
and you can plug him in at home. Oh look
how the curtainava cultures looking that David really adopted. EV's
there that most of the people live at home. They
charge them at home. How is this going to work
(24:25):
in a city? How is this going to work in
a city? A body of mine? But he got a
Rivian a few years ago.
Speaker 3 (24:33):
He loved it, loved it.
Speaker 4 (24:36):
It's a it's an expensive suv. He loved his Rivian,
but he got rid of it. Why want to get
rid of it? Well, his kids are gone, kids are
gone there in college. He's an empty nester now and
he wants to drive and go see him. And it's
just too much of a pain in the butt to
deal with the charging stations. And you think that, you know,
(24:57):
you think that people that own stations, you don't think that.
Oh jeez, you know, we can you know, we can
make money off this if we install charging stations.
Speaker 3 (25:07):
Don't you think they would do it? Of course they would,
but they can't.
Speaker 4 (25:13):
So they're not going to unless, of course, the government
hands out money. And hey, the Biden administration tried that,
gave up people to Ja Ja Jacob. I can't tell
you how many billions of dollars to build. What did
they even get any charging stations built with all of
that money.
Speaker 3 (25:29):
No, it's a niche vehicle.
Speaker 4 (25:33):
But but the issue is here, people, is that you
cannot direct an economy out of Washington d C.
Speaker 3 (25:40):
I have actually empathy for the automakers. I do. I
do again.
Speaker 4 (25:46):
I wish that maybe a CEO from time to time
would actually stand up to the government say now, we're
not doing this anymore.
Speaker 3 (25:51):
This is nonsense.
Speaker 4 (25:52):
This is just dumb. You know, there's no cafe standards anymore.
Thank god, that is great. What Trump is doing is
fantastic cafes that you know, dumb.
Speaker 3 (26:03):
That is all right.
Speaker 4 (26:05):
You gotta make a car that can get fifty miles
to the gallon. So what does the automakers do. They
make the cars. They make the cars that people want
to buy. Then it forces them to go make a
Ford Fiesta, some car that nobody wants to buy, made
in Mexico piece to junk that they have to take
(26:25):
a loss on. That gets that you know, high mileage
standards so they can meet the average cafe standards. Meanwhile,
the car I could put on a squat rack, or
I could squat it for crying out loud.
Speaker 3 (26:36):
It's so small, it's got bicycle tires. Nobody wants it.
Speaker 4 (26:41):
You're forcing them to make cars that nobody wants to buy. Oh,
there's capitalism for it. Air's a free market, right. No, no,
it's it's nonsense. All of that stuff needs to be
thrown away. I'm hoping now, I'm hoping that the automakers
(27:03):
will be free, free to make cars that people want
to buy.
Speaker 3 (27:08):
Make American cars great again.
Speaker 4 (27:11):
Okay, they take old cars, the beauty they need to design,
the the art that was back in the bring that back,
baby place. Watchdog on Wallstreet dot com. Watch Dog on
Wallstreet dot com. Don't go anywhere, but if you do,
get to our website, our personal CFO program, podcast, newsletter,
(27:35):
all sorts of great stuff. Watchdog on Wallstreet dot com.
Speaker 2 (27:37):
Look back, jug you chug you.
Speaker 1 (27:57):
This is the Watchdog on Street.
Speaker 4 (28:01):
The sound.
Speaker 3 (28:14):
Look back ah, you know funny.
Speaker 4 (28:19):
Right after right after you know, GM takes that charge
and that's not gonna be it. They're gonna take a
lot of chargers. I mean it's gonna they're gonna get hit.
They they spent a lot lot of money, man, I say,
on the perhaps, don't do it, push it off, don't
do it. It doesn't make any sense. But they didn't.
(28:39):
Uh story. The rest of the world is following America's
retreat on EVS. Canada, UK and European Union back off
electric vehicle targets as economic reality sets in.
Speaker 3 (28:51):
It always does, it always does this too. I can't
think about it.
Speaker 4 (28:58):
We we actually we closed on our uh European office
in uh Florence, Italy this week and then we'll have
that up and going next year.
Speaker 3 (29:09):
And I go there a lot. I love it.
Speaker 4 (29:13):
And I'm saying, as you know, all the green dreams
that they were pitching Europe. I said, you're going to
tear up the streets of Rome to go installing charging
stations everywhere. I'm like, really, Florence, Italy, where are you
going to put these charging stations here where everybody can
charge their cars every single nime?
Speaker 3 (29:33):
Are you kidding me? The Greek Islands?
Speaker 4 (29:36):
Oh yeah, I can just see charging stations all over Santorini.
Speaker 3 (29:41):
Come on, man, give me a break. Anyway, moving on.
Speaker 4 (29:48):
I saw this this past week and AI porn, that's
they're calling it erotica.
Speaker 3 (29:59):
Yeah, don't do this. Don't do this again. Sam Altman
says chat.
Speaker 4 (30:06):
GPT will soon, well soon sext with verified adults, verified adults. Okay, listen,
this is bad and more ways than one. I remember
several years ago it was you know, pointed out I
saw something that they were.
Speaker 3 (30:23):
Selling in Japan.
Speaker 4 (30:25):
It was like this AI girlfriend that kind of lived
in like a snow globe and would text the guy
all day long, can't wait for you to be home.
It was really bizarre and it really kind of creaked
me out.
Speaker 3 (30:40):
That's what we're gonna do here now with this.
Speaker 4 (30:43):
I thought AI was supposed to be used for greater
productivity and curing cancer. You're gonna use AI now is
to have to talk dirty the people. I've never I
don't have conversations with AI. I used AI for search.
But I guess this is a bit of a thing
(31:04):
we pointed out. I know, I talked about it on
a podcast. They're now selling some sort of amulet that
goes around people's next that listens to your conversations all
day long and comments on it. Yeah, I'm going luddite
on this. Okay, I'm going full ludite. None of this
is good, Okay, very bad. Watchdog on Wall Street dot Com.
Speaker 3 (31:26):
We'll be back.
Speaker 1 (31:37):
Chris Markowski is the watchdog of Wall Street, the only
(31:59):
man who has take looking on the Wall Street establishment.
You're listening to the Watchdog in Wall Street with Chris Markowskis.
Speaker 4 (32:13):
I'm going with the bottle of red. No, I'm not
a rose guy there really sorry not anyway. Billy Joel
Long Island, Long Island music. I just leave it at that.
I used to live there on Long Island, Billy Joel
haunts and whatnot. Anyway, welcome back. It is the Watchdog
(32:35):
on Wall Street show here, I am.
Speaker 3 (32:38):
I got this. They got the protests this weekend. No
Kings right, no Kings.
Speaker 4 (32:43):
I guess we're supposedly shut down is going to end
after these no king rallies because of politics and Chuck
Schumer wanting to push back against Ayok in the far
and it was it was on CNN this past we
(33:04):
get Bernie Sanders and aoch up there and I highly
recommend you watch it because they're vapid, nothing, nothing of
any sort of intelligence whatsoever coming out of their mouths.
This is actually a meme that I got a kick
off that went viral. It was a a picture of
Bernie Sanders, ma'am dommi and aok walking down the street
(33:28):
and they made it like a a Jewish Marxist, a
Latino Marxist and a uh I guess ay, Ugandan Marxist
walk into the bar who pays the bill.
Speaker 3 (33:43):
But again, this no King's thing.
Speaker 4 (33:46):
This past week, it's astro turf and you're going to
see the Marxists out and about spewing their usual nonsense.
Speaker 3 (33:56):
The issue at hands, my friends, is this.
Speaker 4 (34:00):
In the same way that Barack Obama rose to power
by pointing out problems, Barack Obama pointed out problems and
he didn't have any solutions to him none. There's no
solutions at all in his campaign. It was just hope
and change.
Speaker 1 (34:19):
That was it.
Speaker 3 (34:20):
That was it.
Speaker 4 (34:21):
And again I the brilliance of that campaign is here
we're gonna do. We're gonna run on nothing. It was like,
you know, Seinfeld, to show about nothing. We're gonna run
on nothing. We're just gonna say we're hope and change.
That's all they ran on. Hillary Clinton absolutely cleaned Barack
(34:45):
Obama's clock in the debates. It was so it was brutal,
it really was, and I think it just made her
a much angrier individual.
Speaker 3 (34:54):
I really did.
Speaker 4 (34:56):
But anyway, anyone, anyone, and people are talking about DOMI
in New York. Yeah, we have things these pointing out.
He's not wrong. The affordability crisis here in this country.
Speaker 3 (35:11):
Is that wrong?
Speaker 4 (35:13):
Ronda Santus has been yelling about this down in Florida
for for some time, talking about the high cost of
homes and where we're at.
Speaker 3 (35:22):
Time.
Speaker 4 (35:22):
He's basically saying, oh, yeah, we got all these problems,
but I'm gonna government grocery stars and higher taxes. I mean,
stuff that's never ever worked. He should have just went
the Obama route and just you know, said nothing. But
we have issues. We just have to deal with them.
(35:43):
This this no Kings thing. You get people out. Do
you ever see these leftists? They they spew words like
fascist and socialist and not.
Speaker 3 (35:55):
They don't even know what they mean. They have no clue.
Speaker 4 (36:03):
Again, I'm sure, I'm sure Soros in the gang is gonna,
you know, put them together we'll see what will happen
after the fact.
Speaker 3 (36:10):
Yes, it's funny. It's part of the sum shutdown.
Speaker 4 (36:14):
Here are some of the things that yeah, again we
just had the big, beautiful bill, but the Democrats everything
that was taken out they want to put back in.
For example, twenty five million to climate resilience in Honduras,
thirteen point four million to civic engagement in Zimbabwe, four
million dollars to LGBTQI. They added another letter, what is
(36:38):
the I the alphabet people LGBTQI plus democracy grants in
the Balkans three million two, Desert locusts reduction in Africa,
two million two Organizing for Feminist Democratic Principles in Africa.
Yeah right, you know we're this money goes right, this
(37:01):
is money laundering. Okay that they say that they're giving
money to these things which are nonsensical.
Speaker 3 (37:08):
They're just going to people in Washington, DC. Huh.
Speaker 4 (37:12):
We got a group here, and our group is working
on LGBTQI plus democracy in the Balkans. It was the Congress,
No will give them money anything, No.
Speaker 3 (37:24):
No, it's ending up in their bank accounts.
Speaker 4 (37:29):
Wait, what do you think the whole area in and
around Washington, DC is so wealthy for crying out loud.
Speaker 3 (37:34):
They don't build anything, they don't create anything.
Speaker 4 (37:37):
They take taxpayer dollars in ridiculous grants and put it
in their pockets. You remember Joe Peshy in Lethal Weapon
to explaining money laundering.
Speaker 3 (37:47):
Okay, this is what you need to do now, this
is what you need to do. This is money.
Speaker 4 (37:52):
This is taxpayer money laundering to people of no ability,
no talent whatsoever except Grift Washington, DC. They're taking your
tax dollars. It is what it is anyway. Oh yes,
big uproar, big uproar. With various different publications not happy
(38:17):
with Pete Hegseeth, the Secretary of Defense and his new
rules for the Pentagon.
Speaker 3 (38:22):
Yep, they're not signing on New York Times.
Speaker 4 (38:24):
Washing Post, Wall Street Journal, associated pest Reuters right on
down the list. They don't like the rules. Basically, Pete
hegg Seth put up a home own her. Yeah, you
can no longer roam the halls of the Pentagon and
get various different tips on various different things that are
going on.
Speaker 3 (38:42):
You know what I find fastening about this is.
Speaker 4 (38:45):
That all of these publications that are not happy about this,
each and every one of them happened to cheer on
every war that any president wants to get us into.
Speaker 3 (38:56):
Maybe we're gonna stop having wars, which she is might
be a good thing. Could be me, Call me crazy.
God bless everyone.
Speaker 4 (39:05):
God bless Watchdog on Wallstreet dot com. Watchdog on wallstreet
dot com. Our site become a part of our family.
We'll see you next week.
Speaker 1 (39:16):
Now you're listening to the Watchdog on Wall Street
Well, no one altered. Investment banker, consumer advocate, analyst, trader.
Chris Markowski is the watch dog on Wall Street? Do
you want to answer 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. You
(00:27):
can't handle the true bringing America the truth about what
really happens in the financial world.
Speaker 2 (00:34):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:39):
This is the watchdog Wall Streets.
Speaker 3 (00:45):
What about everybody? The one, the only the watchdog on
Wall Street show?
Speaker 4 (00:52):
Oh yeah, we got our to be continued moment here
between hours. They used to drive me nuts, is yeah, kid,
when I would be watching Batman and Robin the original
with Adam West there and then you get the cliffhanger
and you got to wait till next week to see
what happened. We're doing Wall Street Washington connortists and talking
(01:18):
about tricolor story that we broke here on the program
over a month ago. And again I saw it. I
looked into it and I was like, You've got to
be kidding me. You have got to be kidding me.
But hey, many people got rich here. Okay, bad money,
(01:38):
bad money, but many people got rich on the backs
of others.
Speaker 3 (01:44):
I don't know how one does that. I don't know how.
Speaker 4 (01:47):
One lives with themselves doing something like this, taking advantage
of other people to this degree.
Speaker 3 (01:57):
Oh you got a low you got a low credit score. Oh,
I mean whether or not you're legal in this country.
Speaker 4 (02:03):
Oh you need a car, Well, then guess what you're
gonna have to pay fifty percent above book, knowing that
they're not going to make it, knowing they're going to
be able to take advantage of it.
Speaker 3 (02:13):
And here's the other thing too. This is just.
Speaker 4 (02:16):
Downright evil of politicians as well. But again, they can
convince themselves that they're actually doing a good thing, but
they're not. They're not extending credit to people that don't
deserve the credit, that haven't earned the credit.
Speaker 3 (02:31):
You're not helping them out, You're not it.
Speaker 4 (02:35):
That was again, it was part of the whole I
remember during the after the whole Great Recession, Obama is
making homes affordable program and all this stuff, looking to
keep people in homes that they can't afford.
Speaker 3 (02:47):
You're making people stay in homes that they should just
get out of their house. Poor.
Speaker 4 (02:51):
They don't have any equity in a bloody house anyway.
What's the point people, how it's my house, is my house?
At your house? How much equity you have in that house?
How much money did you put into that house? You're
only making interest only payments. It's not your house. Walk away,
save yourself.
Speaker 3 (03:08):
Anyway.
Speaker 4 (03:10):
We go back to the government Community Development Financial Institution
Program established in nineteen ninety four.
Speaker 3 (03:19):
Why we're from the government.
Speaker 4 (03:22):
We got to expand credit for minority and lower income folks.
Speaker 3 (03:27):
For the folks.
Speaker 4 (03:30):
Again, credit money, all those things should be based upon
not your color, but whether or not you can repay alone.
Speaker 3 (03:42):
What the government does.
Speaker 4 (03:44):
Is it makes banks and businesses eligible for special grants
and lowers they're borrowing costs. Now, I'm not saying redlining
didn't happen, which did, but again that was with housing.
And then again you're forcing banks, forcing banks to make
(04:06):
loans to people that are not going to be able
to pay it back. I did a whole thing. This
was even before the Great Recession. We were talking about
banks making loans to people knowing that they were going
to eventually default on those loans. What does that do well,
the banks know that they're going to default, so it's
going to raise the borrowing costs for everybody else because
(04:28):
the banks to figure away to price that loss into
their business model. Now, banks can meet their Community Reinvestment
Act obligations. Community Reinvestment Act. You know where that came from.
That came under Jimmy Carter. Yeah, we talked a lot
about that when I wrote countless columns explaining the financial crisis. Yeah,
(04:53):
they can meet their Community Reinvestment Act obligations to invest
in low income communities by lending two cd F eyes.
Speaker 3 (05:01):
Banks that don't meet.
Speaker 4 (05:03):
Their requirements under the law all bad bank of face
restrictions on how much they can grow. So what did
Tricolor do? Oh yeah, oh yeah, you get Yeah, you
give extend loans to us. It's gonna be fine. Guess
what you're gonna be. You're gonna be able to grow more.
Speaker 3 (05:23):
What do you think? You know?
Speaker 4 (05:24):
Jamie Diamond comes out and he says, oh, yeah, it
was not our finest moment investing in this thing.
Speaker 3 (05:29):
What does he care?
Speaker 4 (05:30):
Okay, it's a rounding error over there at JP Morgan
allows them to grow their business in other areas. That's
all Okay again, think of it as a toll.
Speaker 3 (05:42):
Basically all it was.
Speaker 4 (05:45):
Blackrock cited tricolors CDFI designation and a twenty twenty two
press release for its ninety million dollar investment. And this
is what This is what Blackrock put out. Okay, those guys,
I mean, they have just no shame, Larry f. But
those guys have no shame at all.
Speaker 3 (06:02):
Listen to this. This is their press release.
Speaker 4 (06:04):
Tricolor is a financial tech company with a majority diverse
employee base that leverages proprietary AI powered technology to sell
and provide financing for high quality, affordable used vehicles to
underserve LATINX. I still don't know what LATINX means. You
(06:27):
know what latin is, but I don't know what LATINX is.
LATINX customer, what a bunch of woke bunk break much
of tricolors marketing hype. But hey, investors didn't notice. They
didn't care. They borrowed billions of dollars from banks to
(06:51):
make loans to customers, which of course were then sold
as part of asset backed securities to pimp call for
Crinal Pacific Investment Management Alliance Bernstein.
Speaker 3 (07:06):
Oh yeah, there a lot of what was that? That
was Stevie wondertoon. Skeletons in the closet. Yeah, there's a
lot of skeletons in the closet out there right.
Speaker 4 (07:16):
Now, and a lot of asset backed securities. Oh yeah,
and a lot of these investment firms are scared.
Speaker 3 (07:28):
Scared.
Speaker 4 (07:29):
Raise your hand if you don't own any of this stuff,
I'm raised in my hand. Wouldn't touch this crap with
a ten foot pull. This is basically basically the Great
Recession type stuff, except with used cars.
Speaker 3 (07:45):
Used cars.
Speaker 4 (07:46):
Tricolor said last year that a bond offering was oversubscribed
by nearly six point five times. What again, this gave
false sense of security, cause, oh, try relaxed underwriting, stan Oh,
that's always a relaxed underwriting standards for years. Loans to illegals. Yeah, yeah,
(08:10):
I got Trump. He tried to shrink this program.
Speaker 3 (08:14):
He did.
Speaker 4 (08:15):
Trump tried to say, well, this is not right here.
He tried to shrink it. And guess who stopped him.
Oh the Democrats. No, not just the democrats. Democrats try
to stop well, they did, both both Republicans and Democrats. No, no, no,
we gotta we got to continue to keep these wonderful
programs going.
Speaker 3 (08:38):
Again.
Speaker 4 (08:40):
Crooks on Wall Street, Crooks in Washington, same thing.
Speaker 3 (08:48):
Anyway.
Speaker 4 (08:49):
Speaking of Crooked, I know I've I've been hitting on
this the past couple of weeks. I watched it and
this was Thursday morning. Mike Johnson was on CNBC and
UH been talking about the government shutdown, a myriad of
(09:10):
things out there, and then they started talking about, you know,
healthcare in.
Speaker 3 (09:14):
Of itself and the problems.
Speaker 4 (09:17):
With UH with health care and what's going on and
the subsidies and all of these things that are put
in there. And I got a little irate with speaker
Mike Johnson. I did he he's being interviewers.
Speaker 3 (09:31):
I'm I'm I'm not saying. I'm not saying we're gonna.
You know, we're not gonna we're gonna get rid of Obamacare.
Speaker 4 (09:35):
It's entrenched in the system right now, and I'm gonna
I just want to throw up.
Speaker 3 (09:41):
I really did. It's entrenched in the system right now.
Speaker 4 (09:45):
Let me ask you a question, Mike, that you're from Louisiana, Yeah,
you understand humidity and weather. Uh, Mike, if you had
mold in your house, Okay, have you got mold in
your house? Are you just gonna go up there and
I let's say it's bad mold. You gotta do something about.
(10:05):
You gotta cut out drywall. You gotta deal with this
mold problem. To actually fix a problem. Are you just
gonna wipe a rag over it and continue to let
the mold be there because it's already entrenched in your house?
I mean, I've had it, I really, I mean it
is absolutely ridiculous, this back and forth. Let me give
(10:30):
everybody a bit of a wake up call. Who likes
playing the politics. I'm on this team. I'm on that team.
Speaker 3 (10:35):
It's actually funny. There was a Stephen A. Smith. He's
becoming a bit.
Speaker 4 (10:41):
Of a force when it comes to not just sports,
but politics as well. He put it to both Democrats
and Republicans in regards to the shutdown, right to their
face and then walked off the stage. You do understand something, people, Okay,
Now I'm gonna make this perfectly clear here. This might
be news to most people out there. When we talk
(11:02):
about the word priority, right, you can't have priorities. Priorities
plural is technically it doesn't make any sense, right. You
have to have one. A priority could be singular. It
has to be singular. It has to be one. But
people say, I've got priorities. Well, if you have priorities,
(11:25):
then you really don't have a a priority.
Speaker 3 (11:29):
You follow me here, let me.
Speaker 4 (11:32):
Explain to you the people that you vote for, the
people in Washington, DC, what their priority is. Their priority
is raising money. That is a number one priority, Job one.
It's not you, okay, not, because it's raising money, raising money.
(11:57):
The longer you're in Congress, the more power you obtain,
the more money you have to raise. Now in order
to make your job easy. Are your job easy when
you're dialing for dollars? Because that's what they spend most
of their time doing. You get hooked up with various
different groups with money. One of those groups are insurance companies,
(12:21):
and both Democrats and Republicans.
Speaker 3 (12:23):
I need to raise I gotta go. Well, you know
we need money. Oh, you want to keep things where
you are?
Speaker 4 (12:29):
You want to keep getting those Obamacare subsidies and overcharging
the American people for health insurance. Well you got to
cut me a check. Why do you think they're not
getting rid of this?
Speaker 3 (12:46):
Yeah?
Speaker 4 (12:47):
Rick Scott put out an op ed, Democrats keep shoveling
money at Obamacare It's not just Democrats, it's Republicans too.
I know you're trying to hold the line when it
comes to all of these Biden COVID nonsensical enhanced subsidies
for Obamacare the Affordable Care Act. Is nothing, nothing affordable
(13:10):
about the Affordable Care Act.
Speaker 3 (13:13):
It's been a disaster from day one, and Republicans, you
have done nothing to get rid of it. Nothing. All
I want is my old health insurance.
Speaker 4 (13:27):
All I want is my catastrophic health insurance that I
had before Obamacare. Why can't I have that? Why do
I have to overpay for lousy insurance? It's horrible. It's horrible.
My kid could get hurt playing a sport and go
(13:47):
see the best orthopedic surgeon going. And if they got
to get an MRI, I gotta speak to someone on
a phone somewhere, some kid that maybe graduated from high school.
Like I'm barely seak any English whatsoever to approve whether.
Speaker 3 (14:02):
Or not my kid can get an MRI. I don't
even bother anymore. I've given up. They bore me out.
I'm just pay cash. I'll just pay cash. I don't
even know why I have it.
Speaker 4 (14:14):
It's awful, and the prices keep going up for what?
Speaker 3 (14:19):
What more?
Speaker 4 (14:19):
Administrators? What you think doctors are making money on this?
Speaker 3 (14:25):
Are you kidding?
Speaker 4 (14:27):
You think doctors are making money on this? You know
how many doctors you have, many surgeons that I have
as clients all around the country, and almost every single
one of them wouldn't recommend to their kids to get
into the field of medicine. This is the disaster that
(14:49):
we're dealing with right now, and neither party.
Speaker 3 (14:53):
Wants to deal with it.
Speaker 4 (14:54):
Why nice fat checks from insurance companies gotta take a
break ken.
Speaker 3 (15:05):
Reality is what reality.
Speaker 4 (15:06):
Is, and we bring it to you here. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com is our site.
Don't go anywhere if you do. If you do, we
watch you. Get to our website, sign up for our
personal CFO program, our podcast, our newsletter, all sorts of
great stuff Watchdog on Wall Street dot com, or give
us a call eight hundred four seven one fifty.
Speaker 1 (15:28):
Four Bringing America financial freedom, one listener at a time.
(15:50):
You're listening to the Watchdog on Wall Street with Chris
markel Street down.
Speaker 3 (15:54):
In the kitchen and pigs me something good. Do et
make my head a little high? Yeah?
Speaker 4 (16:00):
I'm not satisfied with my my rant. I'm not done
on this. This is too much of a teachable moment
for the country. You know, I'm willing. I'm willing to
do it. The people you vote for are not.
Speaker 3 (16:18):
They're not.
Speaker 4 (16:21):
Republicans. Haven't gone out there trench to trench to the
American psyche. Americans are ready.
Speaker 3 (16:28):
You can't. You can't go.
Speaker 4 (16:29):
Out and explain to people how the free market works
and what a disaster Obamacare is, or you just don't
want to. I think it's you just don't want to.
Quite frankly, Obamacare subsidies. You're not subsidizing people, You're subsidizing
(16:51):
insurance companies. Americans are paying ridiculous sums of money for
a product that is useless, absolutely useless. United Healthcare, you know,
the United Healthcare Fifty percent of their revenues is government subsidies.
(17:16):
Think about that for a second. Let me just just
think about how stupid this is. And quick story, Okay,
a few weeks ago. A few weeks ago, I went
to Miami for the weekend with my wife. No let's
see concert was get away for our anniversary for the weekend.
Miami's a It can be pretty expensive and you're looking
(17:39):
around for restaurants whatever it may be. If you look
at a menu online, guaranteed, if you look for at
a restaurant, you see the menu, look at a menu
online and there's no prices, you know it's gonna be expensive, right.
You know most restaurants, you walk in the door, you
take a look at the menu, they give prices. Now,
(17:59):
if if you went into a restaurant and you got
a menu and there were no prices, might it throw
you off a little bit?
Speaker 3 (18:07):
I would me. I mean, imagine getting a wine list.
Speaker 4 (18:11):
You're getting a wine list and they give you a
list of wines and there's no prices there. Well, the
same thing, same thing when it comes to healthcare here
in the United States.
Speaker 3 (18:23):
No idea, what could pay? None, none, think about that?
How stupid that is? Why? Why and why why.
Speaker 4 (18:33):
Why can't various different hospitals compete on price? Why why
can't they tell you what something is going to cost
at a time? It's a scam, It's a racket. I
want to talk a little bit about the free market
because again, you know, and the leftist south here hy
(18:55):
capitalism and free market, can't let the free market get
involved in a healthcare what let's talk about the free
market for healthcare, because there is a free market for
health care, the free market for healthcare. Stuff that's not
covered by health insurance. Lasik eye surgery. My wife had lasick,
(19:15):
maybe about over twenty years ago. Over twenty years ago,
Lasik eye surgery has gotten countless times better and over
twenty years and much much cheaper.
Speaker 3 (19:31):
You know what, you know what they don't take for lasik.
They don't take insurance.
Speaker 4 (19:36):
Plastic surgery, elective, elective healthcare. How is it that it
gets better and better and better and the price comes down.
Speaker 3 (19:45):
Well, it's not subsidized. Wow, you see how that works? Magic? Wow,
free market.
Speaker 4 (19:52):
It's magical how that operates, How that works.
Speaker 3 (19:59):
It's funny.
Speaker 4 (20:00):
Talk talk to surgeons, talk to independent surgeons talking about
they can do the same exact surgery they're doing now
for sixty percent less with a thirty percent margin. At
you take a look at hospitals and what they spend.
Speaker 3 (20:18):
Let's go back to twenty eleven to today.
Speaker 4 (20:21):
Administrative costs nothing to do with healthcare. Administrative costs are
up eighty seven point two percent. That's where your money's going, folks,
not to healthcare. To people sitting on their buttocks not
providing healthcare. Watchdog on Wallstreet dot Com, Watchdog on Wallstreet
(20:42):
dot Com.
Speaker 1 (20:43):
We'll be back, Tiki Wall Streets Liars, crooks and cheets
out behind the woodshed. You're listening to the Watchdog on
(21:06):
Wall Streets.
Speaker 3 (21:08):
You know we should do on a show. I'm not
a gambler.
Speaker 4 (21:12):
We said, you're gonna have like an over under on
Markowski Predictions, Markowski Investments, Watchdog on Wall Street Predictions.
Speaker 3 (21:21):
When they happen, when they have.
Speaker 4 (21:26):
Stuff we call and I am again, I'm I'm not
being arrogant here again. It just to me, this is
just common sense type stuff. I see through everyone's bs,
I see through all the nonsense, and I said, well,
you know, yeah, this is eventually gonna happen. And sure enough,
(21:46):
General Motors this past week, Yeah, they're taking a one
point six billion dollar charge on their EV pullback. And
that's just the beginning. It's gonna get much much worse.
The automaker sites end of government funded subsidies and regulatory
(22:08):
mandates that fueled electric vehicle growth.
Speaker 3 (22:12):
Bulloney, Okay, the seventy.
Speaker 4 (22:14):
Five hundred dollars tax giveaway, which I hated, from the
get go drove me nuts.
Speaker 3 (22:21):
I said, why in the.
Speaker 4 (22:22):
World do I have to help pay for somebody else's
damn car?
Speaker 3 (22:26):
Okay, GM with your electric commer? Seriously, an electric commer?
Does that make any sense?
Speaker 4 (22:34):
And all that this type of battery you got to
put in that thing for crying out loud. So yet
General Motors is going in the opposite direction. I want
to remind you that it was just a couple of
years ago, just a couple of years yeah, four years ago,
twenty twenty one, the CEO, Mary Barrow, said the company
(22:55):
planned to have an all electric lineup by twenty thirty five.
Speaker 3 (23:02):
What do we tell you here.
Speaker 4 (23:03):
On the we laughed, that is how you know how
ridiculous that is? Do you understand the logistics involved with that,
the logistics of having an all electric line. Do you
understand you have to put charging stations, You have to
(23:24):
put chargers in every garage around the country. The garages
can't carry the weight of these cars because they're heavier.
Do you understand how nonsensical this doesn't make any sense
at all? And yeah, again, not because I'm any sort
(23:44):
of rocket scientists, It's just again, I live in the
real world. I don't live in the neighborhood of make
believe and emotions and feelings and green dreams and nonsense.
I don't have any problem at all with electric corners.
(24:05):
They're great if you don't have to go that far
and you can plug him in at home. Oh look
how the curtainava cultures looking that David really adopted. EV's
there that most of the people live at home. They
charge them at home. How is this going to work
(24:25):
in a city? How is this going to work in
a city? A body of mine? But he got a
Rivian a few years ago.
Speaker 3 (24:33):
He loved it, loved it.
Speaker 4 (24:36):
It's a it's an expensive suv. He loved his Rivian,
but he got rid of it. Why want to get
rid of it? Well, his kids are gone, kids are
gone there in college. He's an empty nester now and
he wants to drive and go see him. And it's
just too much of a pain in the butt to
deal with the charging stations. And you think that, you know,
(24:57):
you think that people that own stations, you don't think that.
Oh jeez, you know, we can you know, we can
make money off this if we install charging stations.
Speaker 3 (25:07):
Don't you think they would do it? Of course they would,
but they can't.
Speaker 4 (25:13):
So they're not going to unless, of course, the government
hands out money. And hey, the Biden administration tried that,
gave up people to Ja Ja Jacob. I can't tell
you how many billions of dollars to build. What did
they even get any charging stations built with all of
that money.
Speaker 3 (25:29):
No, it's a niche vehicle.
Speaker 4 (25:33):
But but the issue is here, people, is that you
cannot direct an economy out of Washington d C.
Speaker 3 (25:40):
I have actually empathy for the automakers. I do. I
do again.
Speaker 4 (25:46):
I wish that maybe a CEO from time to time
would actually stand up to the government say now, we're
not doing this anymore.
Speaker 3 (25:51):
This is nonsense.
Speaker 4 (25:52):
This is just dumb. You know, there's no cafe standards anymore.
Thank god, that is great. What Trump is doing is
fantastic cafes that you know, dumb.
Speaker 3 (26:03):
That is all right.
Speaker 4 (26:05):
You gotta make a car that can get fifty miles
to the gallon. So what does the automakers do. They
make the cars. They make the cars that people want
to buy. Then it forces them to go make a
Ford Fiesta, some car that nobody wants to buy, made
in Mexico piece to junk that they have to take
(26:25):
a loss on. That gets that you know, high mileage
standards so they can meet the average cafe standards. Meanwhile,
the car I could put on a squat rack, or
I could squat it for crying out loud.
Speaker 3 (26:36):
It's so small, it's got bicycle tires. Nobody wants it.
Speaker 4 (26:41):
You're forcing them to make cars that nobody wants to buy. Oh,
there's capitalism for it. Air's a free market, right. No, no,
it's it's nonsense. All of that stuff needs to be
thrown away. I'm hoping now, I'm hoping that the automakers
(27:03):
will be free, free to make cars that people want
to buy.
Speaker 3 (27:08):
Make American cars great again.
Speaker 4 (27:11):
Okay, they take old cars, the beauty they need to design,
the the art that was back in the bring that back,
baby place. Watchdog on Wallstreet dot com. Watch Dog on
Wallstreet dot com. Don't go anywhere, but if you do,
get to our website, our personal CFO program, podcast, newsletter,
(27:35):
all sorts of great stuff. Watchdog on Wallstreet dot com.
Speaker 2 (27:37):
Look back, jug you chug you.
Speaker 1 (27:57):
This is the Watchdog on Street.
Speaker 4 (28:01):
The sound.
Speaker 3 (28:14):
Look back ah, you know funny.
Speaker 4 (28:19):
Right after right after you know, GM takes that charge
and that's not gonna be it. They're gonna take a
lot of chargers. I mean it's gonna they're gonna get hit.
They they spent a lot lot of money, man, I say,
on the perhaps, don't do it, push it off, don't
do it. It doesn't make any sense. But they didn't.
(28:39):
Uh story. The rest of the world is following America's
retreat on EVS. Canada, UK and European Union back off
electric vehicle targets as economic reality sets in.
Speaker 3 (28:51):
It always does, it always does this too. I can't
think about it.
Speaker 4 (28:58):
We we actually we closed on our uh European office
in uh Florence, Italy this week and then we'll have
that up and going next year.
Speaker 3 (29:09):
And I go there a lot. I love it.
Speaker 4 (29:13):
And I'm saying, as you know, all the green dreams
that they were pitching Europe. I said, you're going to
tear up the streets of Rome to go installing charging
stations everywhere. I'm like, really, Florence, Italy, where are you
going to put these charging stations here where everybody can
charge their cars every single nime?
Speaker 3 (29:33):
Are you kidding me? The Greek Islands?
Speaker 4 (29:36):
Oh yeah, I can just see charging stations all over Santorini.
Speaker 3 (29:41):
Come on, man, give me a break. Anyway, moving on.
Speaker 4 (29:48):
I saw this this past week and AI porn, that's
they're calling it erotica.
Speaker 3 (29:59):
Yeah, don't do this. Don't do this again. Sam Altman
says chat.
Speaker 4 (30:06):
GPT will soon, well soon sext with verified adults, verified adults. Okay, listen,
this is bad and more ways than one. I remember
several years ago it was you know, pointed out I
saw something that they were.
Speaker 3 (30:23):
Selling in Japan.
Speaker 4 (30:25):
It was like this AI girlfriend that kind of lived
in like a snow globe and would text the guy
all day long, can't wait for you to be home.
It was really bizarre and it really kind of creaked
me out.
Speaker 3 (30:40):
That's what we're gonna do here now with this.
Speaker 4 (30:43):
I thought AI was supposed to be used for greater
productivity and curing cancer. You're gonna use AI now is
to have to talk dirty the people. I've never I
don't have conversations with AI. I used AI for search.
But I guess this is a bit of a thing
(31:04):
we pointed out. I know, I talked about it on
a podcast. They're now selling some sort of amulet that
goes around people's next that listens to your conversations all
day long and comments on it. Yeah, I'm going luddite
on this. Okay, I'm going full ludite. None of this
is good, Okay, very bad. Watchdog on Wall Street dot Com.
Speaker 3 (31:26):
We'll be back.
Speaker 1 (31:37):
Chris Markowski is the watchdog of Wall Street, the only
(31:59):
man who has take looking on the Wall Street establishment.
You're listening to the Watchdog in Wall Street with Chris Markowskis.
Speaker 4 (32:13):
I'm going with the bottle of red. No, I'm not
a rose guy there really sorry not anyway. Billy Joel
Long Island, Long Island music. I just leave it at that.
I used to live there on Long Island, Billy Joel
haunts and whatnot. Anyway, welcome back. It is the Watchdog
(32:35):
on Wall Street show here, I am.
Speaker 3 (32:38):
I got this. They got the protests this weekend. No
Kings right, no Kings.
Speaker 4 (32:43):
I guess we're supposedly shut down is going to end
after these no king rallies because of politics and Chuck
Schumer wanting to push back against Ayok in the far
and it was it was on CNN this past we
(33:04):
get Bernie Sanders and aoch up there and I highly
recommend you watch it because they're vapid, nothing, nothing of
any sort of intelligence whatsoever coming out of their mouths.
This is actually a meme that I got a kick
off that went viral. It was a a picture of
Bernie Sanders, ma'am dommi and aok walking down the street
(33:28):
and they made it like a a Jewish Marxist, a
Latino Marxist and a uh I guess ay, Ugandan Marxist
walk into the bar who pays the bill.
Speaker 3 (33:43):
But again, this no King's thing.
Speaker 4 (33:46):
This past week, it's astro turf and you're going to
see the Marxists out and about spewing their usual nonsense.
Speaker 3 (33:56):
The issue at hands, my friends, is this.
Speaker 4 (34:00):
In the same way that Barack Obama rose to power
by pointing out problems, Barack Obama pointed out problems and
he didn't have any solutions to him none. There's no
solutions at all in his campaign. It was just hope
and change.
Speaker 1 (34:19):
That was it.
Speaker 3 (34:20):
That was it.
Speaker 4 (34:21):
And again I the brilliance of that campaign is here
we're gonna do. We're gonna run on nothing. It was like,
you know, Seinfeld, to show about nothing. We're gonna run
on nothing. We're just gonna say we're hope and change.
That's all they ran on. Hillary Clinton absolutely cleaned Barack
(34:45):
Obama's clock in the debates. It was so it was brutal,
it really was, and I think it just made her
a much angrier individual.
Speaker 3 (34:54):
I really did.
Speaker 4 (34:56):
But anyway, anyone, anyone, and people are talking about DOMI
in New York. Yeah, we have things these pointing out.
He's not wrong. The affordability crisis here in this country.
Speaker 3 (35:11):
Is that wrong?
Speaker 4 (35:13):
Ronda Santus has been yelling about this down in Florida
for for some time, talking about the high cost of
homes and where we're at.
Speaker 3 (35:22):
Time.
Speaker 4 (35:22):
He's basically saying, oh, yeah, we got all these problems,
but I'm gonna government grocery stars and higher taxes. I mean,
stuff that's never ever worked. He should have just went
the Obama route and just you know, said nothing. But
we have issues. We just have to deal with them.
(35:43):
This this no Kings thing. You get people out. Do
you ever see these leftists? They they spew words like
fascist and socialist and not.
Speaker 3 (35:55):
They don't even know what they mean. They have no clue.
Speaker 4 (36:03):
Again, I'm sure, I'm sure Soros in the gang is gonna,
you know, put them together we'll see what will happen
after the fact.
Speaker 3 (36:10):
Yes, it's funny. It's part of the sum shutdown.
Speaker 4 (36:14):
Here are some of the things that yeah, again we
just had the big, beautiful bill, but the Democrats everything
that was taken out they want to put back in.
For example, twenty five million to climate resilience in Honduras,
thirteen point four million to civic engagement in Zimbabwe, four
million dollars to LGBTQI. They added another letter, what is
(36:38):
the I the alphabet people LGBTQI plus democracy grants in
the Balkans three million two, Desert locusts reduction in Africa,
two million two Organizing for Feminist Democratic Principles in Africa.
Yeah right, you know we're this money goes right, this
(37:01):
is money laundering. Okay that they say that they're giving
money to these things which are nonsensical.
Speaker 3 (37:08):
They're just going to people in Washington, DC. Huh.
Speaker 4 (37:12):
We got a group here, and our group is working
on LGBTQI plus democracy in the Balkans. It was the Congress,
No will give them money anything, No.
Speaker 3 (37:24):
No, it's ending up in their bank accounts.
Speaker 4 (37:29):
Wait, what do you think the whole area in and
around Washington, DC is so wealthy for crying out loud.
Speaker 3 (37:34):
They don't build anything, they don't create anything.
Speaker 4 (37:37):
They take taxpayer dollars in ridiculous grants and put it
in their pockets. You remember Joe Peshy in Lethal Weapon
to explaining money laundering.
Speaker 3 (37:47):
Okay, this is what you need to do now, this
is what you need to do. This is money.
Speaker 4 (37:52):
This is taxpayer money laundering to people of no ability,
no talent whatsoever except Grift Washington, DC. They're taking your
tax dollars. It is what it is anyway. Oh yes,
big uproar, big uproar. With various different publications not happy
(38:17):
with Pete Hegseeth, the Secretary of Defense and his new
rules for the Pentagon.
Speaker 3 (38:22):
Yep, they're not signing on New York Times.
Speaker 4 (38:24):
Washing Post, Wall Street Journal, associated pest Reuters right on
down the list. They don't like the rules. Basically, Pete
hegg Seth put up a home own her. Yeah, you
can no longer roam the halls of the Pentagon and
get various different tips on various different things that are
going on.
Speaker 3 (38:42):
You know what I find fastening about this is.
Speaker 4 (38:45):
That all of these publications that are not happy about this,
each and every one of them happened to cheer on
every war that any president wants to get us into.
Speaker 3 (38:56):
Maybe we're gonna stop having wars, which she is might
be a good thing. Could be me, Call me crazy.
God bless everyone.
Speaker 4 (39:05):
God bless Watchdog on Wallstreet dot com. Watchdog on wallstreet
dot com. Our site become a part of our family.
We'll see you next week.
Speaker 1 (39:16):
Now you're listening to the Watchdog on Wall Street
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