Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Where's the beef? I keep thinking of that Wendy's commercial
from back in the nineteen eighties. Yeah, lots of talk
about beef prices. Farmers not too happy, not too happy
that we're going to be buying Argentinian beef when we
(00:37):
have a rancher after rancher here in the United States
going out of business for some time. Okay. We had
the Secretary of Agriculture, Brook Rollins come on down Brook. Yeah,
she was on CNBC and Brooke, well, Brooke was She
(00:59):
was talking about out how well, you know it's going
to take a while, and we don't have the processing Brook,
You've got rules and regulations that are put into place
to benefit major, major companies that handle beef. That's the problem.
(01:26):
That's the problem we have right now is that both
Democrats Republicans are tied into these processing plants and they
get the business. We talked about this here on the program.
How nonsensical it is, and how you have to go
to FDA approved processing plant, and the fact that certain states,
in particular New Hampshire is going to try to circumnavigate
(01:48):
that by saying, hey, we're going to do it here
in our state. We just won't ship it out of
state rules, regulations issues problems which make our cost continue
to go up. It was actually was funny. It was
an interesting side note outside of beef story about Big
Sugar and the Fan Jewel Brothers and how they're benefiting
(02:11):
again and benefiting from all of the tariffs and various
different other things that help their business. I want to
remind everybody the Fan Jewel Brothers. This always goes back
to remember that movie with Demi Moore Strip Tease and
the boat Big Sugar and talked about, you know that
(02:32):
the big business in the state of Florida, the Fan
Jewel Brothers. Actually, Bill Clinton was on the phone with
one of the Fan Jewel Brothers when Well Lewinsky was
doing her thing. Yeah, one of them happened to be
a massive supporter of the Republicans, the other one a
massive support of the Democrats. They win, we lose time
(02:53):
time again. Brooke, you could fix the problem. If you
really wanted to, you get rid of all sorts of
birds and some regulations. Let's take that and put that
aside as well. Another reason why we don't have as
much beef production here in the United States is well
(03:13):
zoning Tony. First, you make it difficult on the ranchers
first and foremost with the regulations that you put in
to place, and then the ranchers say, screw it. Screw
It's like watching Yellowstone, for crying out loud. They have
Kevin Costner there in Yellowstone and his character trying to
(03:35):
trying to hold on to his family business, and how
they go about doing things in their way of life,
and how the family built this massive ranch up the
Dutton Ranch, and reality hits that I'll be able to
afford the property taxes on their property. The business doesn't
(03:56):
really make any sense anymore, and why not sell it,
Sell it to the developer who's tied in to both
Democrats and Republicans, and let's rezone all of that land.
Rezone all of that land so we can put up
(04:18):
apartment complexes that look like they were designed by Excel. Hey, guys,
am I wrong here that that's what happens it's happening
all over the country. The old paved paradise and put
(04:38):
up a parking lot. That's what we do. That's what
we do. You know, it seemed to me. It seemed
to me, you know, Trump talks about importance of national
security and on shoring this and on shoring that. I
would think food security would probably be a pretty big
(05:00):
one in my opinion, it would be Food security would
seem pretty important. I mean, also be great if we
can lower costs for we the people at the grocery store.
What we pay here in the United States is patently absurd.
Man wud seemed to be be pretty great as well.
(05:23):
You know, if a lot of food that we actually
source came from local farms, you know as well as
I do. You know, you've got a great restaurant in
your town, ninety nine percent chance that they're tied in
to farmers within the local area, and they know where
they're getting their produce from. They know the fishermen where
(05:43):
they're getting their fish from, they know where the meat
is coming from, and they know it's of the highest quality.
That's you know that that's you know, that's ninety percent
of the battle. If you want to have a good
restaurant chef, you've got to have good ingredients that are
going into things. It's just that simple. But no, no, no,
oh no, we can't do that. We got to run it.
(06:04):
We've got to run it through Big Egg and big farm.
And we've got farm checks. I remember talking about this
years ago on the program, the amount of farm checks
that would go to Park Avenue addresses in Manhattan, farm checks,
farm checks because they're doing a lot of farming on
(06:25):
that median there in Park Avenue, with that Park Avenue median. Yeah, right,
where's the beef. Well, we've made beef very expensive based
upon our own doing, based upon the fact that you
(06:47):
pay to play here in the United States. Pay to play.
Real estate developers, payoff, payoff politicians, rezone farmland, rezone ranch land.
That's just the way it is. People, And again, you
continue to vote for these people, and then they'll give
(07:08):
you everything. We're gonna look at it. We're gonna expand
the tax base for what what what do you need
those tax dollars for? Exactly? Watchdog on Wall Street dot
Com