August 25, 2025 • 9 mins
LISTEN and SUBSCRIBE on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
Donald Trump just chopped off Adam Smith’s invisible hand. Forget free markets—Trump’s Intel “deal” looks more like a mafia shakedown than capitalism. In this episode of Watchdog on Wall Street:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
Donald Trump just chopped off Adam Smith’s invisible hand. Forget free markets—Trump’s Intel “deal” looks more like a mafia shakedown than capitalism. In this episode of Watchdog on Wall Street:
- Why Trump’s Intel grab is pure crony capitalism
- How America is drifting toward China-style economics
- The dangerous moral hazard Republicans won’t talk about
- Why real conservatives should be furious
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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):
Donald Trump chops off Adam Smith's invisible hand. Yeah, goold
Wealth of Nations right there, free market capitalism, And again
we were supposed to prefer that here in the United States.
And correct me if I'm wrong. Last time I looked around,
(00:36):
we built up a lot of wealth in this country
for fairly new country. Two hundred and fifty years in.
We've been kind of killing it quite frankly. Yeah, we've
had our stumbles and whatnot, but we've been doing pretty well.
And Adam Smith, Adam Smith, the visible hand of the
(00:57):
free market, of a guide into how we did things,
how we how we do things well, how we used
to do things here in the United States. Ninemore revenue
sharing agreements with in Nvidia, basically stealing a ten percent
(01:19):
steak and Intel, because that's what was you just you
just stoleed a ten percent mafioso esque. I mean, it
really is no other way to put it. Loyalty system
for US companies, partial Control, Golden Shares, US Steel. I mean,
I can go on, but this is this is where
(01:40):
we're at right now, and quite frankly, it's not a
good place to be in. I am pretty disturbed by this.
And I'm not the only one. I'm not doing a
lot again I open up my mouth. A few others
have as well. But a lot of people run scared
(02:01):
of the president at this point in time. Again, Uh,
we are becoming like China. Becoming like China. Think about this.
You had the CEO of Intel that Donald Trump basically
threatened his job gets him and he actually said it.
(02:25):
He walked in wanting to keep his job and ended
up giving US ten billion for the United States.
Speaker 3 (02:31):
Again, I you know, it's it's it's funny, it's you know,
it's and it's like, I keep thinking of goodfellows there
when when Paulie, you know, Paulie ends up becoming part owner.
Speaker 2 (02:46):
Of the restaurant there because they want to collect and
he ends up running the thing into the ground. And
you know, again they took their money out of it
the illegal way. And I don't know if that's going
to be the same here. But when that long ago. Again,
Donald Trump Wall Street journally and pointed this out today,
calling Kamala Harris a socialist. I hate to break it
(03:07):
that the Biden Harris administration didn't nationalize any companies. They
nationalize any companies. Again, they did. They did propose allowing
the government to clawback some of the Chips money when
they made excess profits. Who knows that if that would
have ever happened in the first place. Probably kind of
(03:30):
doubt it either way, unless it was for some political
stunt at some point in time. I had a huge
problem with the Chips Act. It was terrible. You actually
had defenders of the Chips Act take to the Wall
Street Journal today as well, writing an op ed piece
basically lauding the Chips Act even though it's garbage, and basically,
(03:54):
you know, going after the fact that the government is
looking to take us at we're looking to has taken
a stake in this thing, it's it needs to die again.
Companies need to die when they're no longer, when they
no longer serve their purpose. Before Trump was doing this,
(04:18):
I mean I warned about this in the nineteen nineties.
A great example of everything that took place with the
Asian financial crisis. You take a look at Japan and
their lack of quite fly, their lack of growth for
decades now, and how the chabowl works over there, and
family friendly businesses, and they don't let companies die. Zombie nation,
(04:42):
we have zombie companies. Intel, for all intentsive purposes, is
a zombie company. Trump Trump boasted today that I will
make deals like that for our country all day long,
he said. Stupid people are upset with the move that
he said will bring more money and jobs to the US.
(05:04):
I will also help those companies that make such lucrative
deals with the United States. I love seeing their stock
price go up, making the US richer and richer, more
jobs for America. Who wouldn't want to make deals like that? Right? Yeah? Again,
spoken honestly, spoken like a socialist dictator. You're gonna run
the showmen, You're gonn You're gonna run this out of there.
(05:28):
You're gonna start forcing companies now to do business with Intel.
That's how we're going to run the country. Now, did
you people understand that what could happen now? What could
happen now with Democrats getting in power and oh yeah,
forcing you to do this green energy thing or do
(05:49):
whatever it may be. Do you want to screw it up?
This is uh way that I've equated it in the past. Again,
you wouldn't want the New York Yankees to be the guys,
you know, basically owning all of the umpires. The the
government's job is to stay out of the way, not
(06:12):
to get involved, and could have written something about this.
For crying out loud again, I'm sorry, I'm real upset
about this, and you should be too. Quite frankly, they
call it Republican party. It's not conservative, it's not. It's
(06:32):
something completely different. It is something completely different, something completely
foreign to this country. I've heard people say, well, it's
similar to their financial crisis when a government took a
stake in ai G. Yeah, this is not a financial crisis.
Nor did I like the fact that they took a
(06:53):
stake in AIG or helped out any of these big banks.
For crying out loud, too big to fail now that's
that's supposedly good. How many small how many small banks?
I don't believe you look it up. How many small
banks have gone under since the financier is that's what's
going under? Just said you know what. We can't do it.
(07:16):
We can't compete, can't compete with the big guys. They're
all tied into the government at this point in time.
So they sold themselves on the cheap to the big
guys to get out because they couldn't. That's actually get
How do you compete with too big to fail? How
do you compete with Intel? When the president of the
United States, a guy's got nuclear weapons, has got a
(07:37):
ten share in that company. You don't see any sort
of moral hazard here, you maga types. You don't see
a problem with this at all. Again, I'm sorry. Okay,
(07:57):
if if it was Joe Biden, if it was Barack Obama,
I don't care who what are the Democrats? Let's say
that they were taking a stake in some windmill manufacture
or even it doesn't make any difference. Your your underwear
would be in a bunch, But that the cowards that
(08:19):
we have out again, outside of a couple, outside of
like the Rand mall Ran Paul's and the Thomas Massey's
out there, Republicans don't even criticize that. They don't, I am.
They try to talk around it at this point in
time because they're afraid again, I don't am I gonna
(08:42):
show up to vote for any of the No, I'm
not gonna waste my time. I don't plenty. I was
saying the same thing. Why am I gonna even go?
Speaker 3 (08:51):
Now?
Speaker 2 (08:52):
These guys are gonna be up free elect the socialists
are gonna win. What are you talking about? What do
you think this is? It's the same ship. I'm gonna
waste my time and go for what. Yeah, you know,
if I could vote for Dessantas or some people, if
I could vote for Thomas Massey's not I don't live
(09:12):
in his district, I'd vote for him. Vote for Rampaul,
I don't live in state of Kentucky, can't vote for him.
Who am I going to vote for? Saying people that
are that are keeping their mouths shut right now? Again,
it's it's it's pathetic, quite frankly, it really is the
(09:32):
moral hazard that we have just taken on I I
I cannot overstate this. No bueno watchdog on Wall Street
dot Com
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):
Donald Trump chops off Adam Smith's invisible hand. Yeah, goold
Wealth of Nations right there, free market capitalism, And again
we were supposed to prefer that here in the United States.
And correct me if I'm wrong. Last time I looked around,
(00:36):
we built up a lot of wealth in this country
for fairly new country. Two hundred and fifty years in.
We've been kind of killing it quite frankly. Yeah, we've
had our stumbles and whatnot, but we've been doing pretty well.
And Adam Smith, Adam Smith, the visible hand of the
(00:57):
free market, of a guide into how we did things,
how we how we do things well, how we used
to do things here in the United States. Ninemore revenue
sharing agreements with in Nvidia, basically stealing a ten percent
(01:19):
steak and Intel, because that's what was you just you
just stoleed a ten percent mafioso esque. I mean, it
really is no other way to put it. Loyalty system
for US companies, partial Control, Golden Shares, US Steel. I mean,
I can go on, but this is this is where
(01:40):
we're at right now, and quite frankly, it's not a
good place to be in. I am pretty disturbed by this.
And I'm not the only one. I'm not doing a
lot again I open up my mouth. A few others
have as well. But a lot of people run scared
(02:01):
of the president at this point in time. Again, Uh,
we are becoming like China. Becoming like China. Think about this.
You had the CEO of Intel that Donald Trump basically
threatened his job gets him and he actually said it.
(02:25):
He walked in wanting to keep his job and ended
up giving US ten billion for the United States.
Speaker 3 (02:31):
Again, I you know, it's it's it's funny, it's you know,
it's and it's like, I keep thinking of goodfellows there
when when Paulie, you know, Paulie ends up becoming part owner.
Speaker 2 (02:46):
Of the restaurant there because they want to collect and
he ends up running the thing into the ground. And
you know, again they took their money out of it
the illegal way. And I don't know if that's going
to be the same here. But when that long ago. Again,
Donald Trump Wall Street journally and pointed this out today,
calling Kamala Harris a socialist. I hate to break it
(03:07):
that the Biden Harris administration didn't nationalize any companies. They
nationalize any companies. Again, they did. They did propose allowing
the government to clawback some of the Chips money when
they made excess profits. Who knows that if that would
have ever happened in the first place. Probably kind of
(03:30):
doubt it either way, unless it was for some political
stunt at some point in time. I had a huge
problem with the Chips Act. It was terrible. You actually
had defenders of the Chips Act take to the Wall
Street Journal today as well, writing an op ed piece
basically lauding the Chips Act even though it's garbage, and basically,
(03:54):
you know, going after the fact that the government is
looking to take us at we're looking to has taken
a stake in this thing, it's it needs to die again.
Companies need to die when they're no longer, when they
no longer serve their purpose. Before Trump was doing this,
(04:18):
I mean I warned about this in the nineteen nineties.
A great example of everything that took place with the
Asian financial crisis. You take a look at Japan and
their lack of quite fly, their lack of growth for
decades now, and how the chabowl works over there, and
family friendly businesses, and they don't let companies die. Zombie nation,
(04:42):
we have zombie companies. Intel, for all intentsive purposes, is
a zombie company. Trump Trump boasted today that I will
make deals like that for our country all day long,
he said. Stupid people are upset with the move that
he said will bring more money and jobs to the US.
(05:04):
I will also help those companies that make such lucrative
deals with the United States. I love seeing their stock
price go up, making the US richer and richer, more
jobs for America. Who wouldn't want to make deals like that? Right? Yeah? Again,
spoken honestly, spoken like a socialist dictator. You're gonna run
the showmen, You're gonn You're gonna run this out of there.
(05:28):
You're gonna start forcing companies now to do business with Intel.
That's how we're going to run the country. Now, did
you people understand that what could happen now? What could
happen now with Democrats getting in power and oh yeah,
forcing you to do this green energy thing or do
(05:49):
whatever it may be. Do you want to screw it up?
This is uh way that I've equated it in the past. Again,
you wouldn't want the New York Yankees to be the guys,
you know, basically owning all of the umpires. The the
government's job is to stay out of the way, not
(06:12):
to get involved, and could have written something about this.
For crying out loud again, I'm sorry, I'm real upset
about this, and you should be too. Quite frankly, they
call it Republican party. It's not conservative, it's not. It's
(06:32):
something completely different. It is something completely different, something completely
foreign to this country. I've heard people say, well, it's
similar to their financial crisis when a government took a
stake in ai G. Yeah, this is not a financial crisis.
Nor did I like the fact that they took a
(06:53):
stake in AIG or helped out any of these big banks.
For crying out loud, too big to fail now that's
that's supposedly good. How many small how many small banks?
I don't believe you look it up. How many small
banks have gone under since the financier is that's what's
going under? Just said you know what. We can't do it.
(07:16):
We can't compete, can't compete with the big guys. They're
all tied into the government at this point in time.
So they sold themselves on the cheap to the big
guys to get out because they couldn't. That's actually get
How do you compete with too big to fail? How
do you compete with Intel? When the president of the
United States, a guy's got nuclear weapons, has got a
(07:37):
ten share in that company. You don't see any sort
of moral hazard here, you maga types. You don't see
a problem with this at all. Again, I'm sorry. Okay,
(07:57):
if if it was Joe Biden, if it was Barack Obama,
I don't care who what are the Democrats? Let's say
that they were taking a stake in some windmill manufacture
or even it doesn't make any difference. Your your underwear
would be in a bunch, But that the cowards that
(08:19):
we have out again, outside of a couple, outside of
like the Rand mall Ran Paul's and the Thomas Massey's
out there, Republicans don't even criticize that. They don't, I am.
They try to talk around it at this point in
time because they're afraid again, I don't am I gonna
(08:42):
show up to vote for any of the No, I'm
not gonna waste my time. I don't plenty. I was
saying the same thing. Why am I gonna even go?
Speaker 3 (08:51):
Now?
Speaker 2 (08:52):
These guys are gonna be up free elect the socialists
are gonna win. What are you talking about? What do
you think this is? It's the same ship. I'm gonna
waste my time and go for what. Yeah, you know,
if I could vote for Dessantas or some people, if
I could vote for Thomas Massey's not I don't live
(09:12):
in his district, I'd vote for him. Vote for Rampaul,
I don't live in state of Kentucky, can't vote for him.
Who am I going to vote for? Saying people that
are that are keeping their mouths shut right now? Again,
it's it's it's pathetic, quite frankly, it really is the
(09:32):
moral hazard that we have just taken on I I
I cannot overstate this. No bueno watchdog on Wall Street
dot Com
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
New Heights with Jason & Travis Kelce
Football’s funniest family duo — Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs — team up to provide next-level access to life in the league as it unfolds. The two brothers and Super Bowl champions drop weekly insights about the weekly slate of games and share their INSIDE perspectives on trending NFL news and sports headlines. They also endlessly rag on each other as brothers do, chat the latest in pop culture and welcome some very popular and well-known friends to chat with them. Check out new episodes every Wednesday. Follow New Heights on the Wondery App, YouTube or wherever you get your podcasts. You can listen to new episodes early and ad-free, and get exclusive content on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. And join our new membership for a unique fan experience by going to the New Heights YouTube channel now!