Inexcusable Tragedy

Chris breaks down the shocking air traffic control failures that led to the tragedy at Reagan Airport. How are we still using 50-year-old technology, paper strips, and even floppy disks in air traffic control while we can launch and land rockets with precision? With near misses happening constantly, this disaster was inevitable. The system is outdated, underfunded, and putting lives at risk. Why isn’t anyone fixing it? 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.

Speaker 2 (00:16):
It's a lot floating around out there right now, a
lot of stories in regards to what happened, how it happened.
You want to call them conspiracy theories. I can't even
call them conspiracy theories anymore because too many conspiracy theories
end up coming true. What we have, in my opinion,
is an inexcusable tragedy, in excusable tragedy that we just

(00:44):
witness for witnessing. You can see the videos on social
media obviously everywhere at Reagan Airport in Washington, d C. Now,
why is it inexcusable? Regular basis get stories of these
close calls that are taking place at airports. Most recently,

(01:08):
there was a story in regards to the Gonzaga basketball team,
and you saw how the close call over two planes
almost hit. It seemingly happens all the time. And again
it's a little perspective here which I'm not really seeing,
not really seeing. We have a company that launches rockets

(01:32):
into the air and then catches them on the way
back down. And we we can't avoid this. Have you
have you taken a look? You can look at social media,
the various different screens and radar, the the actual you know,

(01:57):
shot of what the air traffic controllers are looking at.
Looks it looks like Asteroids the video one of those
original Asteroids video games back from the early nineteen eighties.
I don't know if you're aware of this. Again, we
did a podcast on this years ago, years ago, talking

(02:20):
about technology and air traffic controllers. The technology being used
is fifty years old, fifty years of I don't even
use GPS. I mean they're still using floppy discs. This

(02:42):
is I pulled this up. This is Airlines Trade Association
Airlines for America has and this is from from last year.
Last year, last January called on the US government to
urgently modernize the country's outdated ATC technology and address the

(03:04):
shortage of air traffic controllers. Again, they look at the
ATC systems and how most ATC facilities in the USA
are still using paper strips to track flights. Paper strips

(03:28):
blows people's minds that controllers are still using floppy discs
to upload data to IDs four information display system computers
and more than two hundred ATC facilities. And he says,
how are they supposed to attract young talent to compete

(03:48):
for jobs when the technology that they're using is thirty,
forty fifty years old. There's no there's there's there's none.
I don't even know what they're gonna with. The official
story is going to be when all is said and done,
And quite frankly, we live in a day and age

(04:09):
where I don't think most people believe anything when it
comes to official story. Question is, how in the world
does this happen? Okay, how in the world is this possible?
We're launching rockets into the air, We're catching them. The
type of technology that we have today, you could have

(04:29):
your phone on a Greek island with narrow, windy roads
and steps everywhere, and Google Maps will tell you where
to go to your favorite restaurant, and things like this
happen again. I will close call after close call after

(04:51):
close call, and we kind of brush it off. This,
my friends, is an in excusable tragedy. Watchdog on Wall
Street dot Com