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):
Amidst all the tariff hullabaloo, could we get a deal
with Iran? Do we have an Iran breakthrough? We certainly
hope so news yesterday, Donald Trump's doing his little what
was the impress conference, taking questions with Benjamin Nett and Yahoo,
and he actually, I don't know if you saw a
(00:37):
net Yahu's face. Nt Yaha was kind of like shocked
by this, like he didn't know. Donald Trump said, we're
having direct talks with Iran and they've started. It'll go
on Saturday. We have a very big meeting and we'll
see what can happen. And I think everybody agrees that
doing a deal would be preferable to doing the obvious,
(00:57):
and the obvious is not something that I want to
be in, or frankly, that Israel wants to be involved
with if they can avoid it, President continued, So we're
going to see if we can avoid it, but it's
going to be very dangerous territory and hopefully those talks
will be successful, and I think it would be an
Iran's best interest if they are successful. Okay, again, this
(01:24):
is something that we've talked about as far as foreign
policy is concerned in the past. This is why I'm
not a I've never been a big fan of sanctions.
I don't see how they work. I think that you're
not able to engage when you're putting sanctions on countries.
I think the world's a much better place when you're
doing business. And this has a lot to do with
(01:45):
some of the other issues that are bigger than news now,
with tariffs and trade. You want the wealth of the
world to go up. Iran is a country that has
a well Demographically, they're all pretty good. They're better than
many most European nations, that's for sure. They've got a
(02:08):
lot of young people. And again you want to do
a little study into that nation's history. And obviously, you
know things most certainly went off the rails in nineteen
seventy nine on leading up to what happened in nineteen
seventy nine, but even prior to that, and our involvement
(02:30):
and our involvement in that nation with the Brits, we
didn't quite frankly, we didn't help matters much. With that
being said, nineteen seventy nine was a long time ago.
Do they have their radicals, Yeah, absolutely. Do they sponsor
(02:52):
terror in various different ways. Yeah, you know has Belah,
what the Huthis and Yemen and other circles as well.
We again were involved heavily in supporting Iraq in the
Iraq Iran War. Now again this is part of the
(03:14):
divide between Shia and Sunni Muslims which has been going
on and it's been violent for period. But now Iran
is actually the dominant player in Iraq at this point
in time in my in my opinion, you open up
countries like Iran and you take the nuclear issue off
(03:41):
the table, you start opening up markets, you start allowing
people to enrich themselves again. This is this is what
we want. This what we should all want. Quite frankly,
unless you're a defence contractor, is less war, less conflict.
(04:06):
Obviously this is gonna be There's gonna be a long
road ahead when it comes to this. Wen't tell me
it's not possible, and most certainly is possible. Certainly can
happen and I think that this is the this is
the desires that we need to have happened, and this,
but this over to everything else that's happening right now.
(04:28):
You know, there's this camp out there that again I
make fun of it all the time. Uh, this this
camp out there that believes that we have to that
we are destined to go to war with China. Why
over what exactly? Why are we destined to go to
(04:51):
war with China? What over a couple islands that are
in dispute in that area? Over Taiwan? No I ask,
you know, put out a poll, put out a poll
to the country and ask the people here in America
whether or not we should go to war over Taiwan.
(05:19):
We'll turn this into a little bit on trade as well.
The more business you do with the country, the more intertwined.
This is one of the things that again people push
back against. They say, oh, you know, you don't want
(05:39):
to be relying on this country and relying on this country.
That there's nothing wrong. There's nothing wrong with having a
reliance on certain countries as much as they have a
reciprocal alliance, a reliance on us when it comes to
certain things. That's trade. You know, it would seem to me,
(06:05):
you know, making people wealthier, bringing people out of poverty,
improving their conditions, and doing business with one another is
a is a pretty good way of keeping people from
killing one another. You take a look at history and
(06:29):
the great powers throughout history. Traders, traders. Wait, we were
talking about you know, Venetian Republican, Romans and Greeks. It
doesn't make any different Byzantine. It's doing business trading. I
(06:51):
talk about the Dutch East Indiacar, the first company that
issued stock two hundred years the bluest of blue chips
eighteen percent in basically facilitating trade all over the world. Yes,
does trade need to be fair, does it need to
(07:12):
be reciprocal, Absolutely, But most certainly it's going to lead
to greater prosperity and the less likelihood of people killing
one another. So again, everybody should be welcoming this. These
are the types of foreign policy things that I was encouraged,
(07:35):
encouraged with when it came to Donald Trump, trying to
get away from the bombings, getting away from the wars,
cutting deals with various different nations. Do you have any idea,
Do you have any idea that the potential with the
markets that could open up if you start doing business
(07:58):
with some of these countries that have been, you know,
known grata for a long time watchdog on Wall street
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