October 4, 2025 • 39 mins
Chris Markowski, the Watchdog on Wall Street, discusses the importance of frank speech in financial matters, critiques the influence of media and advertising on public perception, and debunks common myths surrounding annuities. He highlights the consequences of white collar crime, particularly in the context of government shutdowns and spending. Markowski also addresses the rising costs of healthcare and the economic realities faced by companies like Starbucks, emphasizing the need for transparency and truth in financial discussions.
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Episode Transcript
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Speaker 1 (00:06):
Well, no one altered.
Speaker 2 (00:08):
Investment banker, consumer advocate, analyst, trader Chris Markowski is the
watchdog 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.
Speaker 3 (00:27):
You can't handle the truth.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 3 (00:34):
Ladies and gentlemen.
Speaker 4 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:39):
This is the watchdog on Wall Streets.
Speaker 3 (00:44):
All right, welcome back, everybody. Ah ah, a lot, we
gotta go over a lot we got over.
Speaker 4 (00:51):
I don't even know where to start here. I gotta
spend a wheel. I mentioned this word before.
Speaker 3 (00:57):
I got it.
Speaker 4 (00:58):
Fascinated with language, I really am, and again I'm lucky
my wife first language. She speaks fluent Greek, and pick
up a lot there, my mother in law and whatnot.
But some of those ancient words are are fascinating because
we don't have.
Speaker 3 (01:15):
Sometimes.
Speaker 4 (01:15):
I talked about the word flow tomorrow here on the program.
There's another one as well. It's called patacea. It's a
a Greek term which it kind of translates into frank speech.
I guess, courage of speech, freedom of speech, and basically
(01:36):
what it's about, it's it's the act of speaking candidly
without fear, even at personal risk. Why honor the sake
of truth for the sake of the common good. Again,
it's it's not just about the freedom of speech, you
(02:00):
It's about having a moral obligation to speak the truth
even when it's difficult or unpopular. And as my longtime
listeners know, it's something that we live by here on
the program. Again, I'm limited here on this show. I've
been doing this radio program for twenty five years, and
(02:24):
there's still a lot of big time radio shows that exist.
I used to be on a major network, had Michael
Savage on it, more Ingram was on it. And one
thing that I always bye bye. I never ever would
let my opinions be influenced by advertisers or money. In fact,
(02:50):
I don't accept any advertising. Dollars is zero for this program. Zero,
never have, never have, never will because again I don't
want to be bought. This show has always been a
labor of love, and we live unfortunately in a day
and age, and I called it. I saw it coming
(03:12):
where people are paid. You know, there's some good things
about social media, but you know, I don't know whether
or not. I'm definitely the scale to me is tipping
towards more bad than good when it comes to social media.
People just getting paid to have a certain opinion, getting
(03:32):
paid to post certain things. I've told this story before,
and this is kind of the infancy in social media.
Speaker 3 (03:40):
The same thing holds true with cable news networks.
Speaker 4 (03:43):
They've got paid contributors there that they're paid to have
a conflicting opinion no matter what. And I for a
life of me and everybody's got to make a living.
I understand that, But I don't know how you do that.
I don't know how one could just say, you know what,
I'm getting paid by this guy to have this opinion.
(04:04):
It goes against what my belief system is. But so
what I'm going to collect to check. I don't get that.
I really don't. It makes no sense to me. And
a prostitution is illegal here most spots, I guess not.
In some players in the VAT, I guess it isn't.
And you say, you to yourself, you know what's worse
(04:24):
for the country. Let's be honest. About it. You know,
prostitution or people who who prostitute themselves in the media,
on television, radio, social media, doesn't make any difference. Lie, lie,
make things up, have a certain opinion, build up some
(04:45):
sort of persona, act as an expert, and aren't doing
the right thing, and it's.
Speaker 3 (04:52):
It is what it is. But I.
Speaker 4 (04:55):
I went off last week and several weeks before, and
that's just more on the fun financial front about well
about there's a lot of insurance salespeople, a lot of
annuity salespeople that running ads, have radio shows in various
different markets around the country, and.
Speaker 3 (05:16):
Actually spoke with a couple of them over the past
couple weeks.
Speaker 4 (05:19):
They were none too happy with me in regards to
my opinions at what they do for a living, and
I kind of recognized that they really just don't know.
They really are just they're just ignorant to what they're selling.
They honestly believe that they're doing the right thing by
(05:39):
the people that they're representing, and quite frankly, they're not.
Speaker 3 (05:43):
It's one of the things we've been doing.
Speaker 4 (05:44):
We're been in the annuity watchdog now for over twenty
something years as well, and some of the ads that
I hear when it comes to this ads, and what
they say is, oh, go to.
Speaker 3 (05:54):
Keep your money out of the stock market. Casino. It's
a casilio, worry about. It's a casino, right, Okay. I
pulled some things up, pulled some things up.
Speaker 4 (06:07):
And this is for all of you annuity salespeople out
there that you know, either you don't know or you're lying.
It's one or the other. Okay, here are the facts
Wall Street casino. You know, casinos, they're in the business
of making money, right, They're in the business of making money.
Speaker 3 (06:26):
I'm going to present this to you.
Speaker 4 (06:30):
If a casino, if a casino had this record, do
you think it would stay in business if you decided
to invest let's say the overall let's say the S
and P five hundred on any given day today, tomorrow,
(06:50):
next week, just for a day. This is going back.
These are numbers that go back to nineteen twenty eight.
Any given day, you have a fifty three percent chance
of making money. Now, if you went into a casino
(07:12):
and every single time you played black you had a
fifty three percent chance, I mean, think about that for
a second. That casino wouldn't be in business for very long.
That's just over one day. Let's watch out with climbs.
Say you invest in the S and P five hundred
any five day period, fifty seven percent chance of making money.
Speaker 3 (07:32):
You know what, we'll pull it out.
Speaker 4 (07:34):
We'll pull it out to six months, six months, any
six month period from nineteen twenty eight to twenty twenty four,
seventy one percent chance of making money. One year, seventy
five percent chance of making money.
Speaker 3 (07:51):
You know what, let's pull it out even further.
Speaker 4 (07:53):
Five year eighty nine percent chance, ten year ninety four
percent chance, fifteen year ninety eight percent chance, twenty and
thirty years guaranteed, guaranteed to make money.
Speaker 3 (08:09):
Now, is that a casino. I don't think so.
Speaker 4 (08:14):
That's a casino that wouldn't be in business for very long.
The reality is, the reality is people is you have
to invest properly for the long term. You don't try
to time markets. Sure, sure, absolutely, could you treat Could
(08:34):
you treat the markets as a casino?
Speaker 3 (08:36):
Absolutely you can. Don't do that.
Speaker 4 (08:41):
Do the right thing, proper asset allocation. I talk about
taking profits, trimming positions, you do all of these things.
You take the casino element that quite frankly doesn't exist
based upon statistics, but you eliminate it.
Speaker 3 (08:59):
Anyway. Have to talk about this as well.
Speaker 4 (09:02):
This was a pretty funny story I saw this past week.
We reported on this a few years ago. In fact,
I think it was back in twenty twenty one, if
I'm not mistaken. There was a startup company. Now this
is an important lesson. Okay, you're gonna learn right here.
The important lesson here is, well, the question is, I'll ask,
is does white collar crime pay? Does white collar crime pay? Well,
(09:30):
the answer to that question, quite frankly, is it depends
depends on what business you're in, who you work for.
Quite frankly, here is an example. Here's an example, and
I pointed this out twenty something years ago. Okay, there
was a business woman, her name was Charlie Javis. She
(09:51):
started a company called Frank. What was frank Frank was
basically a student loan company. It helped young people with
their student loans and finding student loans, something like that.
And again it you know, it was kind of a
hot company at the time, kind of a hot company
(10:14):
at the time. And JP Morgan came in and bought
the company, bought the company.
Speaker 3 (10:21):
Well, I think they paid I don't know.
Speaker 4 (10:24):
It was like a one hundred and seventy five million,
if I'm not mistaken something like that. I got to
get the exact dollar. But it doesn't matter. Well anyway, Charlie,
Charlie ripped JP Morgan off. Yeah, Charlie manufactured data, had
(10:45):
her staff manufactured data in regards to the amount of clients.
Speaker 3 (10:50):
That she had.
Speaker 4 (10:53):
She told them that they had over five million clients,
five million students using her service. A few months after
the deal closes, JP Morgan discovers that Frank had fewer
than three hundred thousand real customers. The rest were just
nothing more than synthetic identities. So she was arrested for
(11:19):
defrauding JP Morgan. And I pointed this out at the time,
and this story kind of went away. I pointed out
this the time, and I said.
Speaker 3 (11:26):
Man, that's rich. And I said, you know that you
think about all.
Speaker 4 (11:30):
Of the crap, all the crap that JP Morgan and
the other two big to fail firms have pulled on
the American public, at least in my thirty years. I
got a whole entire section devoted to it at Watchdog
on Wallstreet dot com and columns that I've written titled
Wall Street Fraud time and time again, scam after scam
(11:51):
after scam, I mean countless countless. And does anybody ever
get in trouble from JP Morgan? No, any bed get
in trouble from Merrill Lynch. No, anybody get in trouble
from Goldman Sachs Nope, Morgan Stanley, Nope.
Speaker 3 (12:10):
What happens.
Speaker 4 (12:12):
What happens is these omnipotent firms, because that's what they are.
They pay a fine. You know how that you know,
Jefferson had this idea that we're supposed to be equal
under the law here in the United States.
Speaker 3 (12:26):
It's funny, good one.
Speaker 4 (12:28):
Hey, Tommy j Okay, Tommy.
Speaker 3 (12:32):
J has a great idea you had. You put that
in the Declaration of Independence.
Speaker 4 (12:36):
Yeah, it's not working out right now because again there's
different rules for different people here in the United States.
And again, the two big to fail banks they can
do whatever they want as long as they can pay
a fine.
Speaker 3 (12:50):
That's how it works.
Speaker 4 (12:52):
They pay a fine, they neither admit nor deny wrongdoing,
pay the fine and walk away. Now, Charlie Jevis, Okay,
I'm gonna put it this way. What she did was wrong,
absolutely absolute shit to what she did was wrong, but
I just find it interesting. And I've talked about this
(13:14):
before on the program when it comes to white collar crime,
and I said, white collar crime pays. If you work
at one of those big firms.
Speaker 3 (13:22):
The one thing you can't do.
Speaker 4 (13:25):
The one thing you can't do is rip off another firm,
or rip off the firm that you're working with. You
rip off a two big to fail firm who they're
gonna throw the book at you. That's the reality. And
I looked at this too. I looked at this deal.
They spent one hundred and seventy five million JP Morgan
(13:45):
did to buy this company. And I know, okay, because
I understand investment banking. I know that the bankers and
the people at JP Morgan were jumping up and down,
high fiving one another, high fiving one another over this deal.
Speaker 3 (14:03):
Why I want you to think about this for a second.
Speaker 4 (14:06):
They thought that they were buying a client base of
five million. They were going to pay one hundred and
seventy five million for it. So what's JP Morgan want
to do. They want to sell them loans, they want
to give them credit cards, they want to give them
checking accounts.
Speaker 3 (14:20):
All of this stuff. Do you know how much money.
Speaker 4 (14:23):
If that actually was the case, and they had five
million accounts, the type of money that JP Morgan would
have made. So they probably thought that they were getting
over on her. In fact, you know, I think about it,
some of their bankers are so dumb they must. I mean,
I'm like, really, is she this stupid to self a
client active client base A five million for dish?
Speaker 3 (14:44):
This amount of money is nothing, benj.
Speaker 4 (14:47):
It just shows you the inner workings of the asylum
that is Wall Street and how it operates. It can
get pretty ugly. Let's just leave it at that. One
more quick story before we're going to go to break.
Speaker 3 (15:02):
Here.
Speaker 4 (15:04):
Why they're doing this again, I don't understand. I railed
against I railed against the Trump administration and their executive
order allowing again. They're having a difficult time with it
right now. The powers that be, the custodians, everyone is
kind of looking at one of their They're scared. They're
scared that they're going to be held responsible for what
(15:26):
is going to happen if they allow private equity and
all these alternative investments to be on the menu. On
four oh one K plans for the masses bad idea,
bad idea. Probably again, private equity and all the alternative.
They want this because they've got to get liquid. Okay,
they're in deep, deep trouble and they want to sell
their over valued products to you.
Speaker 3 (15:48):
Okay.
Speaker 4 (15:49):
The next thing that I just saw, day trading is
about to get even easier. There was a limit as
far as a pattern day trading where you had to
at least have twenty five thousand dollars in the account.
Speaker 3 (16:03):
They're taking that away. Now.
Speaker 4 (16:04):
Listen, you know, I am a libertarian fella, without a doubt.
You know, I don't like rules and regulations. But uh,
a lot of people are gonna get burned with this,
without a doubt. Gotta take a break. Watchdog on Wallstreet
dot com. Watchdog on wallstreet dot com is our site again.
Become a part of the Watchdog on Wall Street family,
our personal CFO program, podcast, newsletter, all sorts.
Speaker 3 (16:26):
Of great stuff. Watchdog on Wallstreet dot.
Speaker 4 (16:28):
Com or give us a call eight four seven one
eighty four.
Speaker 3 (16:35):
Sun.
Speaker 1 (16:48):
This is the Watchdog on Wall Street.
Speaker 4 (16:54):
Yes, I start getting requests, requests for interviews go on
this program of going that program, We're gonna talk about
the effects, talk about the effects and the government shut
down on the markets.
Speaker 3 (17:05):
Gotta gotta talk about the effects and what this means.
Speaker 4 (17:10):
It means nothing, nothing Again, people, you want you've seen
this horrible movie before, you've seen this. This is all
a show. Okay, I want to be to wake up here. Okay,
many people you tuned into Fox News or CNN or MSNBC,
(17:33):
whatever your flavor is, you do understand that those networks
and these politicians, whether they be elephants or donkeys, they're
just different sides of the same coin. Oh you really
think that they're they're really going at it in Washington, DC.
This is a damn pillow fight. Do you understand? This
(17:58):
is a pillow fight, but between two children.
Speaker 3 (18:02):
I got to oh pow, I got the back.
Speaker 4 (18:07):
Don't don't fall for this garbage that they're pushing on you, please, Okay,
don't fall for it. This is all a joke. You know,
we have in Washington, d C. We have basically social
media influencers. That's it. That's that's you know, it's sad, sad.
(18:30):
But like I said before, I'm all about Frank's speech here. Okay, Patasa,
you believe any of the crap that you're seeing in
this big hullaballoo that's taken place. Come on, people, really,
let me be perfectly clear here. Okay, this sun continuing resolution,
(18:52):
let me tellt me tell what's gonna happen. Okay, last
a couple of days, Last a couple of days, they'll
come up with something. Both eyes will declare victory. And
what they will do is they will have a continuing
resolution until the end of November, so we can work
out our different faes.
Speaker 3 (19:13):
Right.
Speaker 4 (19:15):
See, there's this holiday that happens every year around the
end of November.
Speaker 3 (19:19):
You might have heard of. It's called Thanksgiving.
Speaker 4 (19:22):
Thanksgiving is wonderful for the crooks in Washington, DC. Wonderful.
It's an opportunity where people are not paying attention. You say,
how much bad legislation and crap gets passed on the
Wednesday before Thanksgiving or the Friday after every single year.
(19:45):
I had a hissy fit. I had a hissy fit
on Fox News a couple years ago. I got they
got ticked off to me quite frankly. I was on
Fox Business because I caught, like I said, it was
Republicans were pushing through I mean it was some well,
I can't remember the Omnibus spending bill where all of
(20:05):
this pork was being pushed into this bill. These people
are supposed to be watching the watching the wall is
supposed to be all about fiscal sanity.
Speaker 3 (20:17):
They're lying to you. You do understand that.
Speaker 4 (20:22):
More on this Uh when we get back Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot Com our site again,
become a part of the Watchdog on Wall Street family,
our personal CFO program, podcast, newsletter.
Speaker 3 (20:34):
Watchdog on Wallstreet dot Com will be back.
Speaker 1 (20:39):
You're listening to the Watchdog on Wall Street, the only
(21:01):
man who is taking on the Wall Street establishment. You're
listening to the Watchdog in Wall Street with Chris Markowski.
Speaker 4 (21:08):
Listen, I get it, I got you. New to this program.
You're gonna you're gonna hear things that you're not going
to hear anywhere else.
Speaker 3 (21:17):
We're not bought.
Speaker 4 (21:18):
We are going to tell you the truth and many
of the things that we're going to tell you again.
You know what Atlantis Morris said said, you know, Jagged
Little Pill, that name of her album back in the
nineteen nineties.
Speaker 3 (21:27):
Yeah, yeah, And.
Speaker 4 (21:29):
There's no spoonful of sugar to make the medicine go down?
How many how many news stories you hear about Oh no, oh,
the Smithsonian Museum is gonna be close to the government
shut down, and oh what are you gonna do at
the national parks? You know what I said, they should
have like those from the movie Vacation. Remember the Marty
(21:52):
Moose statue there out there telling you the you know,
the the Grizwolds that the park was closed. And then
they didn't listen and John Candy comes out, Sorry, folks,
porch clothes. Most outside you have told youself, uh oh no, oh,
we're gonna gonna die because the Schmidsoin's gonna be shut
down for a couple of days. Yeah, yeah, what else
(22:13):
you're being told? Oh, you're being told that there's gonna
be all there's gonna be a repercussion. Shit, they're gonna
they're gonna be all sorts of layoffs, all sorts of
government cuts and what they threw out, the one and
the the like like clockwork.
Speaker 3 (22:26):
Oh my god.
Speaker 4 (22:28):
All the Democrats, the donkeys, they get the vapors. They're
clutching their purse. They're cutting off eighteen billion dollars of
infrastructure spending for New York today.
Speaker 1 (22:41):
Do you believe that?
Speaker 4 (22:44):
I don't I can guarantee you that money is going
to be restored. I will guarantee you that newbody's gonna
lose their jobs. You know who benefits from these government
shutdowns is the government workers that don't have to show
up to work because they're not essential.
Speaker 3 (23:07):
They benefit Why they get free vacation without fail. Okay,
let's say the government shutdown lasted for two weeks.
Speaker 4 (23:15):
Well, they're on a two week vacation because they're gonna
get back to work and they're gonna get all back pay.
Oh yeah, yeah, wonderful. As a matter of fact, I
want to mention something. Oh, it's going to be essential workers.
I've been in business for a very long time. I
only like to invest in companies that have essential workers
(23:36):
because if companies have essential workers and then non essential workers.
Speaker 3 (23:39):
Well then you know what, they're wasting money.
Speaker 4 (23:41):
There is no one, no one that works at my
company that's not essential.
Speaker 3 (23:48):
Smart, right, smart? I was. Ron Johnson was interviewed by
Jake Capperys.
Speaker 4 (23:54):
You know, oh, I know, country's bankrupt, country's bankrupt, and country.
You know, companies go bankrupt. They gotta lay people off,
that's right, Ron. But you know what, it's not gonna happen.
It's not going to happen. I see through all of
your bs. Okay again, wake up America. Okay, equal amounts
(24:18):
of bs from the elephants n on the donkeys. It's
the same thing. Oh okay in this case, Okay, we're
talking about a continuing resolution.
Speaker 3 (24:27):
You know what this continued resolution does.
Speaker 4 (24:31):
It basically keeps Biden spending intact. Yeah, Biden spending is
going to remain intact.
Speaker 3 (24:43):
Oh you know what, you remember just a few months
ago when.
Speaker 4 (24:45):
They were having these big little more pillow fights, wait,
way more pillow fights there in Washington, DC about oh,
you're cutting off aid to us AID and all of
these things. Oh that you're gonna cut off all this Ay,
this is terrible and people are gonna die.
Speaker 3 (24:59):
And women two going to be hurt first and all
this stuff.
Speaker 4 (25:02):
Yeah, this is just gonna you know, this contained resolutions.
It's going to reinstate all that aid, all that money.
You know that, right? Oh you didn't. Oh well I'm
telling you because that's exactly what's going to happen.
Speaker 3 (25:16):
You are being told this is the setup. This is
going to be the setup.
Speaker 4 (25:19):
Right now, you're being told it's you can't to keep
illegals off of Medicaid and all this stuff.
Speaker 3 (25:27):
Okay, Okay, I think we can agree on that. But
it's more than that.
Speaker 4 (25:32):
It's more than that because it involves the Inflation Reduction Act. Now,
in the Inflation Reduction Act, Biden put in all of
these enhanced Obama Care subsidies. Now, both Democrats and Republicans
do this in order to make things look more palatable
(25:54):
to the Congressional Budget Office. They allow for handouts and
giveaways subsidies.
Speaker 3 (25:59):
Sometimes they do it with.
Speaker 4 (26:00):
Tax cuts to expire, and that's what just happened. A
lot of enhanced Obamacare subsidies have expired.
Speaker 3 (26:12):
Now.
Speaker 4 (26:13):
Mike Johnson, who is the Speaker of the House, okay,
and I'm going to quote him, I'm gonna quote to me,
I am open to negotiating, and some are floating ideas
that would give Democrats much of what they want. I
don't love the policy, okay, but I understand the political realities.
Speaker 1 (26:33):
Now.
Speaker 4 (26:33):
The political reality is he's from the state of Louisiana
and that he has a lot of people on Medicaid
that are used to getting a certain, real, real, real,
really cheap Obamacare prices, and he wants to keep them too.
Oh yeah, you do know that these subsidies the Democrats
juice these subsidies. Those earning above four hundred percent of
(26:56):
the poverty line are getting Obama Care subsidies. Oh yeah,
they're telling you, oh my god, everything's the premiums are
gonna go through the roof.
Speaker 3 (27:06):
It's gonna be terrible.
Speaker 4 (27:08):
Yeah, if you are at the poverty line, you pay
three dollars and forty five cents a week in premiums.
Speaker 3 (27:13):
That's what you pay.
Speaker 4 (27:16):
Fifty two dollars a week for somebody at two hundred
and fifty percent of the poverty line. Now, what you're
gonna see happen is you're gonna have some compromise and
all of this is gonna be reinstated. And you know
how much it's gonna cost us, Oh, half a trillion
dollars over the next ten years. Yeah, okay, democrats. Democrats
(27:37):
are gonna put US three trillion dollars further into debt.
Republicans want to do two trillion. Meanwhile, we're thirty seven
trillion dollars in debt, and we continue to watch the
value of our dollar drop, and we continue to have
whether it be a donkey or an elephant, Maga Republican,
Donkey Democrat, make any difference, and they're gonna tell you
(27:57):
everything's awesome.
Speaker 3 (27:59):
Oh, it's great. We got all these terraff revenue coming
in and it's gonna take care all this.
Speaker 4 (28:02):
Are you out of your mind? Who's happy with their
healthcare out there? Their health insurance? Mine is skyrocketed because
of Obamacare. I gotta take a break. I know I'm
going off on a rant. I gotta along here in
this segment. More on this when we get back Watchdog
on Wallstreet dot com. Watchdog on Wallstreet dot Com, we
shall return.
Speaker 1 (28:40):
You should believe in math not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.
Speaker 4 (28:47):
Ah, man, I have use so many, so many Godfather references,
which I often like to do here on the program.
Ah yeah, yeah, don't insult my intelligence. Only gonna make
me angry. There's one. The oh one is at the
very beginning of the movie where Bona Sata goes and
he's talking about his experience in the court, and those
(29:11):
two animals they smile at me. I mean, you should
feel like Mona Sata did just just disrespected just you
should every single time you see one of these politicians
go on TV and smile at you. Oh, they're working
(29:32):
for you, they're doing the right thing. The only one
that did the right thing in the Senate, the only
one did the right thing for the right reasons, of course,
was Ran Paul. He was the only Republican that didn't vote,
didn't vote to get this continued resolution through. He's got
very simple penny plan there, where you're cutting a penny
(29:52):
off of every dollar and spending. You do the math
and how it basically shows you a path to fiscal sanity.
They can't even do that. And you're watching the politics
that are taking place as well. One of the funniest
things this past week was aoch. You gotta hand it
to her as far as political savvy is concerned. She's
(30:15):
in the House of Representatives. She's in the House of Representatives,
and she's telling she's saying that my door is open
to Republican senators to come and negotiate. What she's basically,
she's she's gonna try to do, you know, the old
uh stablish Schumer in the back. She wants Schumer's job.
(30:38):
You gonna do a little old school Julius Caesar Roman
form thing right now, and aok's playing brutus there, he's
gonna stab.
Speaker 3 (30:46):
She wants his job. That's what she's angling for right now.
Speaker 4 (30:50):
I mean, you're in the house, aoch, you guys are,
it's already passed the House.
Speaker 3 (30:55):
And what are you gonna do next?
Speaker 4 (30:57):
You're gonna negotiate like Scott Boris, like athletic tracks.
Speaker 3 (31:00):
Is that the next thing you're gonna do?
Speaker 4 (31:04):
Listen, Steva, I've been around a long time, okay, and
again I've covered these stories over the years. One of
the funniest ones was repeal and replace Obamacare.
Speaker 3 (31:16):
Remember that, Oh it was John McCain.
Speaker 4 (31:19):
Yeah, whatever, Okay, If it wasn't McCain, it would have
been something else. Not to mention the fact, Gee whiz,
repeal and replace with what? Republicans had nothing to replace
it with? Okay, they're not interested. They just want to
keep spending and keep themselves fat and happy. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com.
Speaker 3 (31:39):
We'll be back.
Speaker 1 (31:41):
Chris Markowski is the Watchdog on Wall Streets bringing America
(32:01):
financial freedom one listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.
Speaker 4 (32:10):
Welcome back. This is this is amazing. Actually it's statistic
that I saw this past week. They taught it actually
was a map of the United States and showing what
the median household income was in every single state. You
know who won? It's state won. I wasn't a state.
It was Washington, d C. And it wasn't even close.
Speaker 2 (32:34):
You.
Speaker 3 (32:34):
Oh, they're public servants, right right? Sure? Sure?
Speaker 4 (32:39):
Anyway, you know I left you off with repeal and
replace Obamacare. You know something as well, According to the government,
I'm not making this up, okay, according to the government statistics.
This is how you can trust their numbers. The US
Health Insurance Price Index. This is what they're reporting to CPI.
(33:01):
Remember I tell you how they're lying about inflation. They're
saying that health insurance costs in the United States are
is down twenty percent over the past five years. Now again,
I I want someone, I want I want someone to
show me their their health insurance price. Let's dropped twenty
(33:24):
percent over the past five years. One person, one one,
do it?
Speaker 3 (33:28):
Do it? Prove it to me. There isn't one. This
is one. Again. They lie to you and they smile.
Speaker 4 (33:38):
At you, and it should make you quite frankly sick
to your stomach. Obamacare, Oh yeah, yes, Trump's first term
repeal and replace and oh you know, John McCain gave
the thumbs down. Blame it on him.
Speaker 3 (33:52):
People.
Speaker 4 (33:54):
They're lying to you there, Okay, Republicans wanted nothing to
do with that.
Speaker 3 (34:00):
They want nothing to do with any sort.
Speaker 4 (34:03):
Of hard work or lifting because it's gonna damage them
politically and damage their careers and their positions of power.
And like I said, there's a lot of money that
runs through Washington, DC every year, and they're all the
their Godfather reference, a bunch of Don Finucci's with the
white suit wet.
Speaker 3 (34:21):
In their bake. That's what they do.
Speaker 4 (34:26):
Live it off of us, getting fat and happy and
then smiling at us and telling us everything is awesome.
Speaker 3 (34:36):
Repeal.
Speaker 4 (34:36):
They didn't have anything to replace Obamacare with nothing.
Speaker 3 (34:43):
You would think they this government shutdown coming.
Speaker 4 (34:45):
Oh, they'd have a list of things they'd be actually
axing and getting rid of.
Speaker 3 (34:49):
You wait, you wait, it will be nothing anyway.
Speaker 4 (34:57):
But that's okay, that's okay, that's okay. The influencers will
get paid. The influencer get paid. They'll go on to
X and they'll go on to the various different programs,
and they will tell their side that their side won,
and you should be happy because your team is winning.
Team's winning, a team, Donkey's winning, Elephants winning.
Speaker 3 (35:18):
Look at me, Oh yeah, yeah, we really showed them.
Speaker 4 (35:22):
Meanwhile, meanwhile, back here on planet Earth, the value of
your dollar has dropped by fifty four percent over the
past thirty years.
Speaker 3 (35:34):
Again, I don't know what to tell you people.
Speaker 4 (35:36):
I know I'm getting a little bit boisterous today here
on the program. But again, like I like, you know,
Michael corolen Is, I don't like having my intelligence insulted.
I don't like having your intelligence sulted. I'm waking you
up to the reality of what's going on in our world.
Speaker 3 (35:55):
Anyway.
Speaker 4 (35:56):
Anyway, I got to talk a little bit about tariffs.
Oh okay, I saw this story. Okay, Starbucks. Starbucks abruptly
closes dozens of New York City locations in chaotic downsizing,
no warning, no heads up. Now, this normally doesn't happen
(36:17):
from big companies, no warning, just to sign out front,
shutting down. That's usually a company that's going bankrupt. Starbucks
is not going bankrupt. Starbucks in New York City, in
many locations not worth it.
Speaker 3 (36:35):
You would think, wow, I mean it packed all the time.
Speaker 4 (36:37):
And they see here, But I don't understand Starbucks is busy
all the time.
Speaker 3 (36:42):
Why are they shutting down? It's not right? What about
the workers where they're gonna go? Well, you can be
packed all the time and still lose money. You see that.
Speaker 4 (36:53):
There's this thing that they're called costs of doing business,
and in New York City are very high. Minimum wage.
Speaker 3 (37:00):
They raise that.
Speaker 4 (37:01):
Hey man, Dommy wants to raise it even higher, wants
thirty dollars plus. And you got another thing too, Okay,
you can blame that one on the donkeys. How about
we'll blame this one on the mega How about the
price of coffee? Now again, I got a skin in
this one. I've got I've got a horse in this one.
I drink a lot of coffee.
Speaker 3 (37:21):
Can you tell?
Speaker 4 (37:24):
Yeah, price of coffee is going through the roof now
for a coffee shop, that is a major input costs.
So Starbucks said, hmm, yeah, I don't think we can
push out enough coffees and frappuccinos and other garbage coffees
that think of things.
Speaker 3 (37:44):
I don't like their coffee. But anyway, neither here nor there.
We can't sell enough to make these locations worthwhile. Goodbye.
That's what happened. That's why they're gone, simple as that.
Speaker 4 (37:59):
I'm watching things happen with these tariffs that make me
want to pull my hair out. And again I watched
Scott Descent go on CNBC gas lighting us about these
tariffs and with the farmers.
Speaker 3 (38:11):
Oh, the farmers back Trump nine, We're going to back
the farmers.
Speaker 4 (38:16):
Yeah, we have to write checks to farmers now, well
we do it all the time, but we have to
write big checks to farmers right now because they can't
sell their food to China because of the tariffs we
put on China. So yeah, you're collecting the tariff revenue
to return the tariff revenue to the farmers.
Speaker 3 (38:36):
Brilliant, brilliant stratag. Oh, it's genius. Hey, I don't worry,
don't worry. We got what's his day?
Speaker 4 (38:41):
We got Howard Lutnik, the little Ventuillik was dummy that
sits on Trump's lap there he is like, you know,
Trump's got his you know how they've Ventelli these guys
like his hand up his butt, making his mouth.
Speaker 3 (38:50):
Move thet It's gonna be awesome. It's gonna be great.
Speaker 4 (38:52):
Oh really, it's great. Won't you talk to farmers see
how great it is. You got to take a break.
You're listening to the one, the only, the Watchdog on
the Wall Street Show. I'm just getting warmed up people,
as you can tell them, fired up. Yeah, I had
too many cups of coffee, not Starbucks uff. Watch Dog
on Wall Street dot Com. We'll be back in that.
Speaker 3 (39:19):
Make it move set this past.
Speaker 1 (39:26):
You're the stake to the watch Dog on Wall Street
Well, no one altered.
Speaker 2 (00:08):
Investment banker, consumer advocate, analyst, trader Chris Markowski is the
watchdog 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.
Speaker 3 (00:27):
You can't handle the truth.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 3 (00:34):
Ladies and gentlemen.
Speaker 4 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:39):
This is the watchdog on Wall Streets.
Speaker 3 (00:44):
All right, welcome back, everybody. Ah ah, a lot, we
gotta go over a lot we got over.
Speaker 4 (00:51):
I don't even know where to start here. I gotta
spend a wheel. I mentioned this word before.
Speaker 3 (00:57):
I got it.
Speaker 4 (00:58):
Fascinated with language, I really am, and again I'm lucky
my wife first language. She speaks fluent Greek, and pick
up a lot there, my mother in law and whatnot.
But some of those ancient words are are fascinating because
we don't have.
Speaker 3 (01:15):
Sometimes.
Speaker 4 (01:15):
I talked about the word flow tomorrow here on the program.
There's another one as well. It's called patacea. It's a
a Greek term which it kind of translates into frank speech.
I guess, courage of speech, freedom of speech, and basically
(01:36):
what it's about, it's it's the act of speaking candidly
without fear, even at personal risk. Why honor the sake
of truth for the sake of the common good. Again,
it's it's not just about the freedom of speech, you
(02:00):
It's about having a moral obligation to speak the truth
even when it's difficult or unpopular. And as my longtime
listeners know, it's something that we live by here on
the program. Again, I'm limited here on this show. I've
been doing this radio program for twenty five years, and
(02:24):
there's still a lot of big time radio shows that exist.
I used to be on a major network, had Michael
Savage on it, more Ingram was on it. And one
thing that I always bye bye. I never ever would
let my opinions be influenced by advertisers or money. In fact,
(02:50):
I don't accept any advertising. Dollars is zero for this program. Zero,
never have, never have, never will because again I don't
want to be bought. This show has always been a
labor of love, and we live unfortunately in a day
and age, and I called it. I saw it coming
(03:12):
where people are paid. You know, there's some good things
about social media, but you know, I don't know whether
or not. I'm definitely the scale to me is tipping
towards more bad than good when it comes to social media.
People just getting paid to have a certain opinion, getting
(03:32):
paid to post certain things. I've told this story before,
and this is kind of the infancy in social media.
Speaker 3 (03:40):
The same thing holds true with cable news networks.
Speaker 4 (03:43):
They've got paid contributors there that they're paid to have
a conflicting opinion no matter what. And I for a
life of me and everybody's got to make a living.
I understand that, But I don't know how you do that.
I don't know how one could just say, you know what,
I'm getting paid by this guy to have this opinion.
(04:04):
It goes against what my belief system is. But so
what I'm going to collect to check. I don't get that.
I really don't. It makes no sense to me. And
a prostitution is illegal here most spots, I guess not.
In some players in the VAT, I guess it isn't.
And you say, you to yourself, you know what's worse
(04:24):
for the country. Let's be honest. About it. You know,
prostitution or people who who prostitute themselves in the media,
on television, radio, social media, doesn't make any difference. Lie, lie,
make things up, have a certain opinion, build up some
(04:45):
sort of persona, act as an expert, and aren't doing
the right thing, and it's.
Speaker 3 (04:52):
It is what it is. But I.
Speaker 4 (04:55):
I went off last week and several weeks before, and
that's just more on the fun financial front about well
about there's a lot of insurance salespeople, a lot of
annuity salespeople that running ads, have radio shows in various
different markets around the country, and.
Speaker 3 (05:16):
Actually spoke with a couple of them over the past
couple weeks.
Speaker 4 (05:19):
They were none too happy with me in regards to
my opinions at what they do for a living, and
I kind of recognized that they really just don't know.
They really are just they're just ignorant to what they're selling.
They honestly believe that they're doing the right thing by
(05:39):
the people that they're representing, and quite frankly, they're not.
Speaker 3 (05:43):
It's one of the things we've been doing.
Speaker 4 (05:44):
We're been in the annuity watchdog now for over twenty
something years as well, and some of the ads that
I hear when it comes to this ads, and what
they say is, oh, go to.
Speaker 3 (05:54):
Keep your money out of the stock market. Casino. It's
a casilio, worry about. It's a casino, right, Okay. I
pulled some things up, pulled some things up.
Speaker 4 (06:07):
And this is for all of you annuity salespeople out
there that you know, either you don't know or you're lying.
It's one or the other. Okay, here are the facts
Wall Street casino. You know, casinos, they're in the business
of making money, right, They're in the business of making money.
Speaker 3 (06:26):
I'm going to present this to you.
Speaker 4 (06:30):
If a casino, if a casino had this record, do
you think it would stay in business if you decided
to invest let's say the overall let's say the S
and P five hundred on any given day today, tomorrow,
(06:50):
next week, just for a day. This is going back.
These are numbers that go back to nineteen twenty eight.
Any given day, you have a fifty three percent chance
of making money. Now, if you went into a casino
(07:12):
and every single time you played black you had a
fifty three percent chance, I mean, think about that for
a second. That casino wouldn't be in business for very long.
That's just over one day. Let's watch out with climbs.
Say you invest in the S and P five hundred
any five day period, fifty seven percent chance of making money.
Speaker 3 (07:32):
You know what, we'll pull it out.
Speaker 4 (07:34):
We'll pull it out to six months, six months, any
six month period from nineteen twenty eight to twenty twenty four,
seventy one percent chance of making money. One year, seventy
five percent chance of making money.
Speaker 3 (07:51):
You know what, let's pull it out even further.
Speaker 4 (07:53):
Five year eighty nine percent chance, ten year ninety four
percent chance, fifteen year ninety eight percent chance, twenty and
thirty years guaranteed, guaranteed to make money.
Speaker 3 (08:09):
Now, is that a casino. I don't think so.
Speaker 4 (08:14):
That's a casino that wouldn't be in business for very long.
The reality is, the reality is people is you have
to invest properly for the long term. You don't try
to time markets. Sure, sure, absolutely, could you treat Could
(08:34):
you treat the markets as a casino?
Speaker 3 (08:36):
Absolutely you can. Don't do that.
Speaker 4 (08:41):
Do the right thing, proper asset allocation. I talk about
taking profits, trimming positions, you do all of these things.
You take the casino element that quite frankly doesn't exist
based upon statistics, but you eliminate it.
Speaker 3 (08:59):
Anyway. Have to talk about this as well.
Speaker 4 (09:02):
This was a pretty funny story I saw this past week.
We reported on this a few years ago. In fact,
I think it was back in twenty twenty one, if
I'm not mistaken. There was a startup company. Now this
is an important lesson. Okay, you're gonna learn right here.
The important lesson here is, well, the question is, I'll ask,
is does white collar crime pay? Does white collar crime pay? Well,
(09:30):
the answer to that question, quite frankly, is it depends
depends on what business you're in, who you work for.
Quite frankly, here is an example. Here's an example, and
I pointed this out twenty something years ago. Okay, there
was a business woman, her name was Charlie Javis. She
(09:51):
started a company called Frank. What was frank Frank was
basically a student loan company. It helped young people with
their student loans and finding student loans, something like that.
And again it you know, it was kind of a
hot company at the time, kind of a hot company
(10:14):
at the time. And JP Morgan came in and bought
the company, bought the company.
Speaker 3 (10:21):
Well, I think they paid I don't know.
Speaker 4 (10:24):
It was like a one hundred and seventy five million,
if I'm not mistaken something like that. I got to
get the exact dollar. But it doesn't matter. Well anyway, Charlie,
Charlie ripped JP Morgan off. Yeah, Charlie manufactured data, had
(10:45):
her staff manufactured data in regards to the amount of clients.
Speaker 3 (10:50):
That she had.
Speaker 4 (10:53):
She told them that they had over five million clients,
five million students using her service. A few months after
the deal closes, JP Morgan discovers that Frank had fewer
than three hundred thousand real customers. The rest were just
nothing more than synthetic identities. So she was arrested for
(11:19):
defrauding JP Morgan. And I pointed this out at the time,
and this story kind of went away. I pointed out
this the time, and I said.
Speaker 3 (11:26):
Man, that's rich. And I said, you know that you
think about all.
Speaker 4 (11:30):
Of the crap, all the crap that JP Morgan and
the other two big to fail firms have pulled on
the American public, at least in my thirty years. I
got a whole entire section devoted to it at Watchdog
on Wallstreet dot com and columns that I've written titled
Wall Street Fraud time and time again, scam after scam
(11:51):
after scam, I mean countless countless. And does anybody ever
get in trouble from JP Morgan? No, any bed get
in trouble from Merrill Lynch. No, anybody get in trouble
from Goldman Sachs Nope, Morgan Stanley, Nope.
Speaker 3 (12:10):
What happens.
Speaker 4 (12:12):
What happens is these omnipotent firms, because that's what they are.
They pay a fine. You know how that you know,
Jefferson had this idea that we're supposed to be equal
under the law here in the United States.
Speaker 3 (12:26):
It's funny, good one.
Speaker 4 (12:28):
Hey, Tommy j Okay, Tommy.
Speaker 3 (12:32):
J has a great idea you had. You put that
in the Declaration of Independence.
Speaker 4 (12:36):
Yeah, it's not working out right now because again there's
different rules for different people here in the United States.
And again, the two big to fail banks they can
do whatever they want as long as they can pay
a fine.
Speaker 3 (12:50):
That's how it works.
Speaker 4 (12:52):
They pay a fine, they neither admit nor deny wrongdoing,
pay the fine and walk away. Now, Charlie Jevis, Okay,
I'm gonna put it this way. What she did was wrong,
absolutely absolute shit to what she did was wrong, but
I just find it interesting. And I've talked about this
(13:14):
before on the program when it comes to white collar crime,
and I said, white collar crime pays. If you work
at one of those big firms.
Speaker 3 (13:22):
The one thing you can't do.
Speaker 4 (13:25):
The one thing you can't do is rip off another firm,
or rip off the firm that you're working with. You
rip off a two big to fail firm who they're
gonna throw the book at you. That's the reality. And
I looked at this too. I looked at this deal.
They spent one hundred and seventy five million JP Morgan
(13:45):
did to buy this company. And I know, okay, because
I understand investment banking. I know that the bankers and
the people at JP Morgan were jumping up and down,
high fiving one another, high fiving one another over this deal.
Speaker 3 (14:03):
Why I want you to think about this for a second.
Speaker 4 (14:06):
They thought that they were buying a client base of
five million. They were going to pay one hundred and
seventy five million for it. So what's JP Morgan want
to do. They want to sell them loans, they want
to give them credit cards, they want to give them
checking accounts.
Speaker 3 (14:20):
All of this stuff. Do you know how much money.
Speaker 4 (14:23):
If that actually was the case, and they had five
million accounts, the type of money that JP Morgan would
have made. So they probably thought that they were getting
over on her. In fact, you know, I think about it,
some of their bankers are so dumb they must. I mean,
I'm like, really, is she this stupid to self a
client active client base A five million for dish?
Speaker 3 (14:44):
This amount of money is nothing, benj.
Speaker 4 (14:47):
It just shows you the inner workings of the asylum
that is Wall Street and how it operates. It can
get pretty ugly. Let's just leave it at that. One
more quick story before we're going to go to break.
Speaker 3 (15:02):
Here.
Speaker 4 (15:04):
Why they're doing this again, I don't understand. I railed
against I railed against the Trump administration and their executive
order allowing again. They're having a difficult time with it
right now. The powers that be, the custodians, everyone is
kind of looking at one of their They're scared. They're
scared that they're going to be held responsible for what
(15:26):
is going to happen if they allow private equity and
all these alternative investments to be on the menu. On
four oh one K plans for the masses bad idea,
bad idea. Probably again, private equity and all the alternative.
They want this because they've got to get liquid. Okay,
they're in deep, deep trouble and they want to sell
their over valued products to you.
Speaker 3 (15:48):
Okay.
Speaker 4 (15:49):
The next thing that I just saw, day trading is
about to get even easier. There was a limit as
far as a pattern day trading where you had to
at least have twenty five thousand dollars in the account.
Speaker 3 (16:03):
They're taking that away. Now.
Speaker 4 (16:04):
Listen, you know, I am a libertarian fella, without a doubt.
You know, I don't like rules and regulations. But uh,
a lot of people are gonna get burned with this,
without a doubt. Gotta take a break. Watchdog on Wallstreet
dot com. Watchdog on wallstreet dot com is our site again.
Become a part of the Watchdog on Wall Street family,
our personal CFO program, podcast, newsletter, all sorts.
Speaker 3 (16:26):
Of great stuff. Watchdog on Wallstreet dot.
Speaker 4 (16:28):
Com or give us a call eight four seven one
eighty four.
Speaker 3 (16:35):
Sun.
Speaker 1 (16:48):
This is the Watchdog on Wall Street.
Speaker 4 (16:54):
Yes, I start getting requests, requests for interviews go on
this program of going that program, We're gonna talk about
the effects, talk about the effects and the government shut
down on the markets.
Speaker 3 (17:05):
Gotta gotta talk about the effects and what this means.
Speaker 4 (17:10):
It means nothing, nothing Again, people, you want you've seen
this horrible movie before, you've seen this. This is all
a show. Okay, I want to be to wake up here. Okay,
many people you tuned into Fox News or CNN or MSNBC,
(17:33):
whatever your flavor is, you do understand that those networks
and these politicians, whether they be elephants or donkeys, they're
just different sides of the same coin. Oh you really
think that they're they're really going at it in Washington, DC.
This is a damn pillow fight. Do you understand? This
(17:58):
is a pillow fight, but between two children.
Speaker 3 (18:02):
I got to oh pow, I got the back.
Speaker 4 (18:07):
Don't don't fall for this garbage that they're pushing on you, please, Okay,
don't fall for it. This is all a joke. You know,
we have in Washington, d C. We have basically social
media influencers. That's it. That's that's you know, it's sad, sad.
(18:30):
But like I said before, I'm all about Frank's speech here. Okay, Patasa,
you believe any of the crap that you're seeing in
this big hullaballoo that's taken place. Come on, people, really,
let me be perfectly clear here. Okay, this sun continuing resolution,
(18:52):
let me tellt me tell what's gonna happen. Okay, last
a couple of days, Last a couple of days, they'll
come up with something. Both eyes will declare victory. And
what they will do is they will have a continuing
resolution until the end of November, so we can work
out our different faes.
Speaker 3 (19:13):
Right.
Speaker 4 (19:15):
See, there's this holiday that happens every year around the
end of November.
Speaker 3 (19:19):
You might have heard of. It's called Thanksgiving.
Speaker 4 (19:22):
Thanksgiving is wonderful for the crooks in Washington, DC. Wonderful.
It's an opportunity where people are not paying attention. You say,
how much bad legislation and crap gets passed on the
Wednesday before Thanksgiving or the Friday after every single year.
(19:45):
I had a hissy fit. I had a hissy fit
on Fox News a couple years ago. I got they
got ticked off to me quite frankly. I was on
Fox Business because I caught, like I said, it was
Republicans were pushing through I mean it was some well,
I can't remember the Omnibus spending bill where all of
(20:05):
this pork was being pushed into this bill. These people
are supposed to be watching the watching the wall is
supposed to be all about fiscal sanity.
Speaker 3 (20:17):
They're lying to you. You do understand that.
Speaker 4 (20:22):
More on this Uh when we get back Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot Com our site again,
become a part of the Watchdog on Wall Street family,
our personal CFO program, podcast, newsletter.
Speaker 3 (20:34):
Watchdog on Wallstreet dot Com will be back.
Speaker 1 (20:39):
You're listening to the Watchdog on Wall Street, the only
(21:01):
man who is taking on the Wall Street establishment. You're
listening to the Watchdog in Wall Street with Chris Markowski.
Speaker 4 (21:08):
Listen, I get it, I got you. New to this program.
You're gonna you're gonna hear things that you're not going
to hear anywhere else.
Speaker 3 (21:17):
We're not bought.
Speaker 4 (21:18):
We are going to tell you the truth and many
of the things that we're going to tell you again.
You know what Atlantis Morris said said, you know, Jagged
Little Pill, that name of her album back in the
nineteen nineties.
Speaker 3 (21:27):
Yeah, yeah, And.
Speaker 4 (21:29):
There's no spoonful of sugar to make the medicine go down?
How many how many news stories you hear about Oh no, oh,
the Smithsonian Museum is gonna be close to the government
shut down, and oh what are you gonna do at
the national parks? You know what I said, they should
have like those from the movie Vacation. Remember the Marty
(21:52):
Moose statue there out there telling you the you know,
the the Grizwolds that the park was closed. And then
they didn't listen and John Candy comes out, Sorry, folks,
porch clothes. Most outside you have told youself, uh oh no, oh,
we're gonna gonna die because the Schmidsoin's gonna be shut
down for a couple of days. Yeah, yeah, what else
(22:13):
you're being told? Oh, you're being told that there's gonna
be all there's gonna be a repercussion. Shit, they're gonna
they're gonna be all sorts of layoffs, all sorts of
government cuts and what they threw out, the one and
the the like like clockwork.
Speaker 3 (22:26):
Oh my god.
Speaker 4 (22:28):
All the Democrats, the donkeys, they get the vapors. They're
clutching their purse. They're cutting off eighteen billion dollars of
infrastructure spending for New York today.
Speaker 1 (22:41):
Do you believe that?
Speaker 4 (22:44):
I don't I can guarantee you that money is going
to be restored. I will guarantee you that newbody's gonna
lose their jobs. You know who benefits from these government
shutdowns is the government workers that don't have to show
up to work because they're not essential.
Speaker 3 (23:07):
They benefit Why they get free vacation without fail. Okay,
let's say the government shutdown lasted for two weeks.
Speaker 4 (23:15):
Well, they're on a two week vacation because they're gonna
get back to work and they're gonna get all back pay.
Oh yeah, yeah, wonderful. As a matter of fact, I
want to mention something. Oh, it's going to be essential workers.
I've been in business for a very long time. I
only like to invest in companies that have essential workers
(23:36):
because if companies have essential workers and then non essential workers.
Speaker 3 (23:39):
Well then you know what, they're wasting money.
Speaker 4 (23:41):
There is no one, no one that works at my
company that's not essential.
Speaker 3 (23:48):
Smart, right, smart? I was. Ron Johnson was interviewed by
Jake Capperys.
Speaker 4 (23:54):
You know, oh, I know, country's bankrupt, country's bankrupt, and country.
You know, companies go bankrupt. They gotta lay people off,
that's right, Ron. But you know what, it's not gonna happen.
It's not going to happen. I see through all of
your bs. Okay again, wake up America. Okay, equal amounts
(24:18):
of bs from the elephants n on the donkeys. It's
the same thing. Oh okay in this case, Okay, we're
talking about a continuing resolution.
Speaker 3 (24:27):
You know what this continued resolution does.
Speaker 4 (24:31):
It basically keeps Biden spending intact. Yeah, Biden spending is
going to remain intact.
Speaker 3 (24:43):
Oh you know what, you remember just a few months
ago when.
Speaker 4 (24:45):
They were having these big little more pillow fights, wait,
way more pillow fights there in Washington, DC about oh,
you're cutting off aid to us AID and all of
these things. Oh that you're gonna cut off all this Ay,
this is terrible and people are gonna die.
Speaker 3 (24:59):
And women two going to be hurt first and all
this stuff.
Speaker 4 (25:02):
Yeah, this is just gonna you know, this contained resolutions.
It's going to reinstate all that aid, all that money.
You know that, right? Oh you didn't. Oh well I'm
telling you because that's exactly what's going to happen.
Speaker 3 (25:16):
You are being told this is the setup. This is
going to be the setup.
Speaker 4 (25:19):
Right now, you're being told it's you can't to keep
illegals off of Medicaid and all this stuff.
Speaker 3 (25:27):
Okay, Okay, I think we can agree on that. But
it's more than that.
Speaker 4 (25:32):
It's more than that because it involves the Inflation Reduction Act. Now,
in the Inflation Reduction Act, Biden put in all of
these enhanced Obama Care subsidies. Now, both Democrats and Republicans
do this in order to make things look more palatable
(25:54):
to the Congressional Budget Office. They allow for handouts and
giveaways subsidies.
Speaker 3 (25:59):
Sometimes they do it with.
Speaker 4 (26:00):
Tax cuts to expire, and that's what just happened. A
lot of enhanced Obamacare subsidies have expired.
Speaker 3 (26:12):
Now.
Speaker 4 (26:13):
Mike Johnson, who is the Speaker of the House, okay,
and I'm going to quote him, I'm gonna quote to me,
I am open to negotiating, and some are floating ideas
that would give Democrats much of what they want. I
don't love the policy, okay, but I understand the political realities.
Speaker 1 (26:33):
Now.
Speaker 4 (26:33):
The political reality is he's from the state of Louisiana
and that he has a lot of people on Medicaid
that are used to getting a certain, real, real, real,
really cheap Obamacare prices, and he wants to keep them too.
Oh yeah, you do know that these subsidies the Democrats
juice these subsidies. Those earning above four hundred percent of
(26:56):
the poverty line are getting Obama Care subsidies. Oh yeah,
they're telling you, oh my god, everything's the premiums are
gonna go through the roof.
Speaker 3 (27:06):
It's gonna be terrible.
Speaker 4 (27:08):
Yeah, if you are at the poverty line, you pay
three dollars and forty five cents a week in premiums.
Speaker 3 (27:13):
That's what you pay.
Speaker 4 (27:16):
Fifty two dollars a week for somebody at two hundred
and fifty percent of the poverty line. Now, what you're
gonna see happen is you're gonna have some compromise and
all of this is gonna be reinstated. And you know
how much it's gonna cost us, Oh, half a trillion
dollars over the next ten years. Yeah, okay, democrats. Democrats
(27:37):
are gonna put US three trillion dollars further into debt.
Republicans want to do two trillion. Meanwhile, we're thirty seven
trillion dollars in debt, and we continue to watch the
value of our dollar drop, and we continue to have
whether it be a donkey or an elephant, Maga Republican,
Donkey Democrat, make any difference, and they're gonna tell you
(27:57):
everything's awesome.
Speaker 3 (27:59):
Oh, it's great. We got all these terraff revenue coming
in and it's gonna take care all this.
Speaker 4 (28:02):
Are you out of your mind? Who's happy with their
healthcare out there? Their health insurance? Mine is skyrocketed because
of Obamacare. I gotta take a break. I know I'm
going off on a rant. I gotta along here in
this segment. More on this when we get back Watchdog
on Wallstreet dot com. Watchdog on Wallstreet dot Com, we
shall return.
Speaker 1 (28:40):
You should believe in math not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.
Speaker 4 (28:47):
Ah, man, I have use so many, so many Godfather references,
which I often like to do here on the program.
Ah yeah, yeah, don't insult my intelligence. Only gonna make
me angry. There's one. The oh one is at the
very beginning of the movie where Bona Sata goes and
he's talking about his experience in the court, and those
(29:11):
two animals they smile at me. I mean, you should
feel like Mona Sata did just just disrespected just you
should every single time you see one of these politicians
go on TV and smile at you. Oh, they're working
(29:32):
for you, they're doing the right thing. The only one
that did the right thing in the Senate, the only
one did the right thing for the right reasons, of course,
was Ran Paul. He was the only Republican that didn't vote,
didn't vote to get this continued resolution through. He's got
very simple penny plan there, where you're cutting a penny
(29:52):
off of every dollar and spending. You do the math
and how it basically shows you a path to fiscal sanity.
They can't even do that. And you're watching the politics
that are taking place as well. One of the funniest
things this past week was aoch. You gotta hand it
to her as far as political savvy is concerned. She's
(30:15):
in the House of Representatives. She's in the House of Representatives,
and she's telling she's saying that my door is open
to Republican senators to come and negotiate. What she's basically,
she's she's gonna try to do, you know, the old
uh stablish Schumer in the back. She wants Schumer's job.
(30:38):
You gonna do a little old school Julius Caesar Roman
form thing right now, and aok's playing brutus there, he's
gonna stab.
Speaker 3 (30:46):
She wants his job. That's what she's angling for right now.
Speaker 4 (30:50):
I mean, you're in the house, aoch, you guys are,
it's already passed the House.
Speaker 3 (30:55):
And what are you gonna do next?
Speaker 4 (30:57):
You're gonna negotiate like Scott Boris, like athletic tracks.
Speaker 3 (31:00):
Is that the next thing you're gonna do?
Speaker 4 (31:04):
Listen, Steva, I've been around a long time, okay, and
again I've covered these stories over the years. One of
the funniest ones was repeal and replace Obamacare.
Speaker 3 (31:16):
Remember that, Oh it was John McCain.
Speaker 4 (31:19):
Yeah, whatever, Okay, If it wasn't McCain, it would have
been something else. Not to mention the fact, Gee whiz,
repeal and replace with what? Republicans had nothing to replace
it with? Okay, they're not interested. They just want to
keep spending and keep themselves fat and happy. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com.
Speaker 3 (31:39):
We'll be back.
Speaker 1 (31:41):
Chris Markowski is the Watchdog on Wall Streets bringing America
(32:01):
financial freedom one listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.
Speaker 4 (32:10):
Welcome back. This is this is amazing. Actually it's statistic
that I saw this past week. They taught it actually
was a map of the United States and showing what
the median household income was in every single state. You
know who won? It's state won. I wasn't a state.
It was Washington, d C. And it wasn't even close.
Speaker 2 (32:34):
You.
Speaker 3 (32:34):
Oh, they're public servants, right right? Sure? Sure?
Speaker 4 (32:39):
Anyway, you know I left you off with repeal and
replace Obamacare. You know something as well, According to the government,
I'm not making this up, okay, according to the government statistics.
This is how you can trust their numbers. The US
Health Insurance Price Index. This is what they're reporting to CPI.
(33:01):
Remember I tell you how they're lying about inflation. They're
saying that health insurance costs in the United States are
is down twenty percent over the past five years. Now again,
I I want someone, I want I want someone to
show me their their health insurance price. Let's dropped twenty
(33:24):
percent over the past five years. One person, one one,
do it?
Speaker 3 (33:28):
Do it? Prove it to me. There isn't one. This
is one. Again. They lie to you and they smile.
Speaker 4 (33:38):
At you, and it should make you quite frankly sick
to your stomach. Obamacare, Oh yeah, yes, Trump's first term
repeal and replace and oh you know, John McCain gave
the thumbs down. Blame it on him.
Speaker 3 (33:52):
People.
Speaker 4 (33:54):
They're lying to you there, Okay, Republicans wanted nothing to
do with that.
Speaker 3 (34:00):
They want nothing to do with any sort.
Speaker 4 (34:03):
Of hard work or lifting because it's gonna damage them
politically and damage their careers and their positions of power.
And like I said, there's a lot of money that
runs through Washington, DC every year, and they're all the
their Godfather reference, a bunch of Don Finucci's with the
white suit wet.
Speaker 3 (34:21):
In their bake. That's what they do.
Speaker 4 (34:26):
Live it off of us, getting fat and happy and
then smiling at us and telling us everything is awesome.
Speaker 3 (34:36):
Repeal.
Speaker 4 (34:36):
They didn't have anything to replace Obamacare with nothing.
Speaker 3 (34:43):
You would think they this government shutdown coming.
Speaker 4 (34:45):
Oh, they'd have a list of things they'd be actually
axing and getting rid of.
Speaker 3 (34:49):
You wait, you wait, it will be nothing anyway.
Speaker 4 (34:57):
But that's okay, that's okay, that's okay. The influencers will
get paid. The influencer get paid. They'll go on to
X and they'll go on to the various different programs,
and they will tell their side that their side won,
and you should be happy because your team is winning.
Team's winning, a team, Donkey's winning, Elephants winning.
Speaker 3 (35:18):
Look at me, Oh yeah, yeah, we really showed them.
Speaker 4 (35:22):
Meanwhile, meanwhile, back here on planet Earth, the value of
your dollar has dropped by fifty four percent over the
past thirty years.
Speaker 3 (35:34):
Again, I don't know what to tell you people.
Speaker 4 (35:36):
I know I'm getting a little bit boisterous today here
on the program. But again, like I like, you know,
Michael corolen Is, I don't like having my intelligence insulted.
I don't like having your intelligence sulted. I'm waking you
up to the reality of what's going on in our world.
Speaker 3 (35:55):
Anyway.
Speaker 4 (35:56):
Anyway, I got to talk a little bit about tariffs.
Oh okay, I saw this story. Okay, Starbucks. Starbucks abruptly
closes dozens of New York City locations in chaotic downsizing,
no warning, no heads up. Now, this normally doesn't happen
(36:17):
from big companies, no warning, just to sign out front,
shutting down. That's usually a company that's going bankrupt. Starbucks
is not going bankrupt. Starbucks in New York City, in
many locations not worth it.
Speaker 3 (36:35):
You would think, wow, I mean it packed all the time.
Speaker 4 (36:37):
And they see here, But I don't understand Starbucks is busy
all the time.
Speaker 3 (36:42):
Why are they shutting down? It's not right? What about
the workers where they're gonna go? Well, you can be
packed all the time and still lose money. You see that.
Speaker 4 (36:53):
There's this thing that they're called costs of doing business,
and in New York City are very high. Minimum wage.
Speaker 3 (37:00):
They raise that.
Speaker 4 (37:01):
Hey man, Dommy wants to raise it even higher, wants
thirty dollars plus. And you got another thing too, Okay,
you can blame that one on the donkeys. How about
we'll blame this one on the mega How about the
price of coffee? Now again, I got a skin in
this one. I've got I've got a horse in this one.
I drink a lot of coffee.
Speaker 3 (37:21):
Can you tell?
Speaker 4 (37:24):
Yeah, price of coffee is going through the roof now
for a coffee shop, that is a major input costs.
So Starbucks said, hmm, yeah, I don't think we can
push out enough coffees and frappuccinos and other garbage coffees
that think of things.
Speaker 3 (37:44):
I don't like their coffee. But anyway, neither here nor there.
We can't sell enough to make these locations worthwhile. Goodbye.
That's what happened. That's why they're gone, simple as that.
Speaker 4 (37:59):
I'm watching things happen with these tariffs that make me
want to pull my hair out. And again I watched
Scott Descent go on CNBC gas lighting us about these
tariffs and with the farmers.
Speaker 3 (38:11):
Oh, the farmers back Trump nine, We're going to back
the farmers.
Speaker 4 (38:16):
Yeah, we have to write checks to farmers now, well
we do it all the time, but we have to
write big checks to farmers right now because they can't
sell their food to China because of the tariffs we
put on China. So yeah, you're collecting the tariff revenue
to return the tariff revenue to the farmers.
Speaker 3 (38:36):
Brilliant, brilliant stratag. Oh, it's genius. Hey, I don't worry,
don't worry. We got what's his day?
Speaker 4 (38:41):
We got Howard Lutnik, the little Ventuillik was dummy that
sits on Trump's lap there he is like, you know,
Trump's got his you know how they've Ventelli these guys
like his hand up his butt, making his mouth.
Speaker 3 (38:50):
Move thet It's gonna be awesome. It's gonna be great.
Speaker 4 (38:52):
Oh really, it's great. Won't you talk to farmers see
how great it is. You got to take a break.
You're listening to the one, the only, the Watchdog on
the Wall Street Show. I'm just getting warmed up people,
as you can tell them, fired up. Yeah, I had
too many cups of coffee, not Starbucks uff. Watch Dog
on Wall Street dot Com. We'll be back in that.
Speaker 3 (39:19):
Make it move set this past.
Speaker 1 (39:26):
You're the stake to the watch Dog on Wall Street
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