December 6, 2025 • 39 mins
Chris Markowski discusses the current political and economic landscape, emphasizing the pervasive influence of media and the concept of 'rage baiting' that keeps audiences engaged through anger. He reflects on the increasing corruption and decay in American society, the erosion of trust in institutions, and the importance of local accountability. The conversation also touches on consumer behavior during economic downturns and the role of regulators in protecting investors. McFadden calls for a return to personal responsibility and financial independence, urging listeners to be cautious in their financial decisions and to seek help when needed.
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Episode Transcript
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Speaker 1 (00:07):
Well, no one authored investment banker, consumer advocate, analyst, trainer.
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 2 (00:28):
You can't handled the truth.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 3 (00:35):
Ladies and gentlemen.
Speaker 4 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 2 (00:39):
This is the watchdog on Wall Streets.
Speaker 4 (00:44):
Welcome, everybody, Welcome. You know we're gonna We're gonna start
off the program today. I had a a real, I'm
pretty much massive epiphany this past week, and I did
a couple of podcast episode odes that garnered some quite
a bit of attention and hopefully waking people up, because
(01:07):
that's really what we've been all about since we started
this program twenty five years ago. We start twenty fifth year,
twenty fifth year longest running financial radio program in the country,
and when you think about it, as far as terrestrial radio,
one of the longest running radio shows in the country
(01:28):
all together, that's how long I've been on the air.
Actually started this before Hannity started his crying out loud.
Speaker 5 (01:39):
But I did it my way.
Speaker 4 (01:42):
I never never decided to say, you know what, I'm
going to be beholden to these advertisers, these sponsors, whatever
it may be. We have self financed this program for
twenty five years, and I wouldn't have it any other way.
(02:03):
In today's day and age, what I do and again,
we have to obviously utilize digital media and algorithms. I'm
told by you know, the people that put together our
podcasts and post everything on YouTube and Spotify and Apple
and all the various different mediums and social media out
(02:24):
there that you know, if I took a single lane,
if I took a single lane and I didn't deviate,
the algorithms would push out my show. Uh to that
that that much more, to much greater degree, because that's
what they want. That's that's the entire landscape today is
(02:50):
to put people into a lane. You're on this team,
you're on that team, and pit people against one another.
I wish this wasn't true, wish this wasn't true, but
it is.
Speaker 5 (03:05):
My son.
Speaker 4 (03:07):
This is past week. He gave me a phrase. It's
called rage baiting, and that perfectly captures the way media, politicians, influencers,
how they have figured out how to push people's emotional
(03:27):
buttons to keep them in a constant state of anger.
Anger drives attention, Attention drives money, power, influence.
Speaker 5 (03:46):
When I look back, look back at.
Speaker 4 (03:49):
My career doing this program, the decades I've been doing this,
and if I go back, and I do from time
to time, listen to my old broadcasts, I'm talking the
early years of this program. Go back and actually even
read my columns, which you can all do. They're all
up at Watchdog on Wallstreet dot com. I'm actually looking
on many of them now because putting together a book,
(04:10):
another book and some memoirs, I can see. I mean again,
how angry I used to be myself, and the radio
program early is this program I was yelling all the time,
And now I was fired up about all the corruption
on Wall Street, fraud in the penny stock firms, fraud
in the big firms, regulators looking the other way, politicians
(04:34):
cashing checks, and yeah, yeah, the more things change, the
more they stayed the same. I still cover those issues,
and yeah, we call them out, but I like to
think that I've come to a point in time, and
I've realized that that screaming and yelling isn't a strategy.
Speaker 5 (04:52):
It doesn't fix anything.
Speaker 4 (04:54):
And I've actually come to the realization that, yeah, I'm
gonna do what I'm gonna do here. I'm gonna hope
for the best. I'm gonna hope that people listen. I'm
gonna hope that people wake up. But I'm not gonna
get angry about it anymore.
Speaker 5 (05:09):
I can't. I can't. Life's too short.
Speaker 4 (05:15):
The reality is, though I don't remember a time I
don't I don't remember a time when the level of
corruption and decay in this country was so open and casual,
where it's just people just are now they've given up.
(05:36):
Americans just kind of like shrug their shoulders, Eh, it
is what it is now. Maybe it existed before here
in this country. Maybe maybe it just wasn't as visible.
I don't buy it. I don't buy it. I'm gonna
be honest. It feels worse now. It feels like that.
(05:59):
I call it some kind of the American ethos, American code,
that unwritten American code fair play, equal treatment under the law,
accountability for the powerful. It's just been thrown out the window.
It hasn't been that long. We saw unarmed National guardsmen
(06:20):
shot down in our capital, barely any investigation. It's off,
It's not even in the headlines anymore. And I will
talk about that later. I'm gonna tell you why we
were lied to time and time again. And more information
continues to come out about the origins of COVID and
(06:41):
masks and fauci. And now we're finding out that the
vaccines were tested on children and they killed kids. Oh yeah, yeah,
this is all stuff again makes the news quickly disappears.
We have these ridiculous, can rational hearings all the time,
(07:01):
and we're told, oh, yeah, we're going to go after
the pedophiles, We're going to go after this one.
Speaker 5 (07:06):
Justice. Oh congressional hearings. Justice is coming.
Speaker 4 (07:11):
Nothing happens, no prosecutions, no reform, no transparency. And we
the people, the people that are not in George Carlin's
big club, we're the ones that are burned, the people responsible. Hey,
they move on. Oh sure they might get voted out,
(07:33):
but they move on. And then they run a university somewhere.
They get speaking gigs where like Hillary Clinton speak for
ten minutes, get paid, you know, quarter of a million dollars,
consulting contracts, book deals. They don't even have to sell books.
For crying out loud, that's how it operates. I'll go
work for some NGO, whatever it may be. And they
(07:57):
did this, and this is done by split splitting the
country into ideological teams. I remember decades ago on the
here in the show, I used to warn people about this. People,
we can't turn this country into Yankees. Red Sox can't
do it. Can't turn it into Yankees, Red Sox can't
turn it into Ohio State, Michigan Gators knows.
Speaker 5 (08:18):
Can't do it.
Speaker 4 (08:20):
Well, what have you got today? You gotta be on
a team, right ah. You gotta be a blue blood
uh corporate Republican amid Romney types, or a libertarian originalist,
a popular a Maga type, now doctrine progressive.
Speaker 5 (08:36):
Everyone's got a jersey, everyone's got a tribe.
Speaker 4 (08:40):
And the entire system, the media ecosystem, feeds those divisions.
They want those divisions because if they keep us agitated
and at each other's throats, nobody, nobody looks long enough
to see who's actually benefiting from all of this.
Speaker 5 (08:57):
Rage.
Speaker 4 (08:58):
Baiting is big business. It's profitable. It keeps people glued
to screens. It keeps people donating to campaigns obsessed with
beating the other side, never realizing that the real puppeteers
sit far outside these emotional battles.
Speaker 5 (09:20):
I think this is a dangerous trend.
Speaker 4 (09:22):
I say people are shrugging their shoulder that Americans are
losing faith in the system itself. I've talked about the
word credit and the Latin root from it, credia, which
means to believe are our financial system only works? Why
(09:43):
because people believe in it? Because you can make the
same You can make the same argument about the rule
law if citizens no longer believe they will be treated fairly,
if they see one set of rules for the elites
another set for everybody else's society. These you see it
news clips, bizarre viral videos, ugly confrontations, the growing lack
(10:07):
of respect for property, order and norms. When trust dies,
people check out. When accountability is absent, resentment fills the vacuum.
We're there, people, Unfortunately, we're there. We are living in
a post rule of law, post credibility environment. We know
(10:31):
the political establishment gets away with things the average citizen
never could.
Speaker 5 (10:37):
We all know this.
Speaker 4 (10:40):
It's old animal farm or well, some animals are more
equal than others. We know the revolving door between agency regulators,
corporate boards, Wall Street, and Capitol Hill exists. I've been
reporting on it for decades. Was it two thousand and five?
I came up my watchdog on Walls treat Access of evil,
(11:01):
big business, politicians and the media working hand in hand
to protect each other. Today that access is stronger than ever.
Now we can correct. We can do this together people,
but not with the people that we have right now.
Speaker 5 (11:19):
They're not up to the tasks.
Speaker 4 (11:20):
And I'm telling you right now, it starts on a
local level, starts on a community level, starts at local elections,
local accountability, real civic pressure, and then eventually it has
to work its way up to Washington. We as we centralized,
we outsourced our responsibility as citizens to Washington d C.
It was a colossal mistake. Take a look at the
(11:42):
states that are killing it. Take a look at Florida,
take a look at Texas, where you have strong governors,
strong leadership within the states.
Speaker 5 (11:51):
Not looking to punt to Washington. To see.
Speaker 4 (11:55):
The more we pull decision making back to towns, counties,
and states, the better the odds are as we have
of restoring integrity for our kids, for our grandkids. I
am going to keep covering stories that make people uncomfortable,
ones that might make your stomach turn. I'm not reporting
(12:19):
on them to inflame you or bait you. Sunlight is
the only disinfectant left, and silence guarantees nothing changes. I
wish I had more uplifting things to talk about, and
occasionally I do, but ignoring what is happening here in
(12:39):
this country is encouraged. It's surrender. Okay, listen, I've never
seen trust this low, cynicism this high, and the system
this hollowed out, and we the people have to fix
the rot at the core. Rage itself will become the
only language left. If we don't. One thing I take
(13:03):
pride of before we have to take a break here
in the program. I've said it for years here on
the program. I am an equal opportunity Basher. I'm honest.
It would be a hell of a lot more profitable
for me. I would grow this, grow this show, I'd
grow my online presence if I picked the lane.
Speaker 5 (13:23):
If I said that's it, I.
Speaker 4 (13:24):
Am not gonna do another and say another word against Trump,
or I'm not going to say another word against this
one or another word against that one, because that's what
they want. But that would be a lie, and I'd
be living a lie. I take great pride in the
fact that I could take everybody off. I was thinking
(13:45):
about it the movie Diehard Christmas movie, one of my
favorite Christmas movies, by the way, when the terrorists are
getting all angry and upset and they're banging things, and
John McClain's wife is like, Oh, her husband's still alive,
because nobody you can get anybody that angry except their husband. Well,
that's me, that's me. I didn't join on any team.
Speaker 5 (14:08):
I'm on you.
Speaker 4 (14:08):
Know, I'm on Team America. How's that sound Okay. I'm
not an elephant, I'm not a donkey. I'm not a
mag I'm not at this. I'm not at that. I'm
about the truth. And that's what we need to get
back to. Have to take a break. You're listening to
the Watchdog on Wall Street Show again. I invite each
(14:30):
and every one of you to become a part of
our family at Markowski Investments. Get to our website Watchdog
on Wallstreet dot com. That's Watchdog on Wallstreet dot com.
Sign up for our personal CFO program and guess what.
Get to work with one of us, the Markowski family,
the Markowski Brothers, my podcast.
Speaker 5 (14:50):
You can get that there, account.
Speaker 4 (14:51):
Repair kits, our newsletter, all sorts of great stuff. Do
your homework on us, get to our website Watchdog on
Wallstreet dot com, or give also call eight hundred four
seven one fifty nine eighty four.
Speaker 2 (15:04):
I'm a sleeples. Never explain you should believe in math
not magic.
Speaker 1 (15:22):
You're listening to The Watchdog in Wall Street with Chris Markowski.
Speaker 5 (15:29):
I cracked jokes from time to time here on the program.
Speaker 4 (15:34):
I talk about Oh, let's see I told you so
moment ten thousand, seven and forty four, and I don't
even really like saying it. I really don't. Yeah, but
I call you know this guy. People have been following
us here on the program. We called a lot over
the past thirty years, twenty five years here on air,
(15:55):
and I guess go back thirty years when we started
Markowski Investments, when I started doing my newsletter and doing
guest appearances on air. Many of the calls that we've
made over the course of this year, oh man, you
should I could save all of the nasty messages and
emails that get from people.
Speaker 5 (16:12):
You understand, those things are gonna work out. It's gonna
be great.
Speaker 4 (16:15):
And I'm like, okay, whatever, but i want to break
down some of the numbers, the economic numbers from this week.
Now again, I know they they held a big, raw,
raw cabinet meeting at the White House, and it was
the usual, you know, like the Lego song, everything is awesome,
everything is not awesome again.
Speaker 5 (16:37):
I got a couple this past week. Oh my god,
you'll just take a look at you know, Black Friday
was awesome.
Speaker 6 (16:42):
Man.
Speaker 4 (16:43):
Black Friday sales reached eleven point eight billion.
Speaker 5 (16:46):
It's up nine percent from last year. Well, that's great.
Speaker 4 (16:51):
And then they talked about Cyber Monday sales and I said, okay, yeah,
I think Black Friday about eighteen billion. And you want
you want to know what the breakdown was for that
luxury apparel and accessories the top sellers.
Speaker 5 (17:07):
Wow, the economy must be kicking.
Speaker 4 (17:11):
You do realize that almost half of that was due
to the buy now, pay later stuff. Klarna an affirm
you think that that's healthy, you think that's a good sign.
I'll take that and I'll put that away. I'm going
to get back to that in a second this number,
(17:34):
again not good. ADP numbers came out jobs numbers and
they were much lower than expected. But the worst part
about the ADP numbers was the fact that small businesses
shed one hundred and twenty five thousand jobs last month.
Speaker 5 (17:53):
And this is the lead up to Christmas. Coupled with
the fact.
Speaker 4 (17:57):
That sub Chapter five bankrupt filings, this is a new
bankruptcy filing that was instituted several years ago. It's currently
if you have debt of less than three million dollars.
This small business is hit a record, hit a record. Now,
we've said about some of the current administration's policies in
(18:19):
regards to tariffs that it would most certainly adversely affect
small businesses. Why did I yell and scream about this
here on the program. Well, guess what. The bulk of
my clients all over the country, they're.
Speaker 5 (18:36):
Not Jamie Diamonds.
Speaker 4 (18:38):
Okay, they're not running the biggest companies out there. They're
small business owners. That's that's my client base. That's who
we do business with. Don't tell me, I don't know
what's going on with small business. What's going on the
ground in the economy. Small business is hurting. That's the reality.
(18:59):
And you get Howard Lutnik on air saying, who do
you do? He wasn't about it was it about triiffs.
It was about that Schumer shutdown, man, just go away,
go away. You're embarrassing yourself now that you're insulting my intelligence.
Speaker 5 (19:15):
So stop now.
Speaker 4 (19:17):
When it comes to these sales numbers, I've gone off
on this whole buy now, pay later thing I have again,
I was very very disappointed seeing various different luxury houses
like Gucci now taking this. If you can't afford to
(19:39):
pay for something in full a Christmas gift, then don't
buy it.
Speaker 5 (19:46):
Don't buy it. Well, you know what I'm saying.
Speaker 4 (19:48):
I gotta get my signific something older, and I can't
afford this. Well, if that person is going to judge
you based upon the gift that you are buying, well
what does that say about your choice in companions?
Speaker 5 (20:05):
People? Okay, you have to stop with this, you do okay?
Speaker 4 (20:10):
People putting themselves into all sorts of debt and all
sorts of.
Speaker 5 (20:15):
Problems for stuff, don't do it.
Speaker 4 (20:20):
I gotta get more into this when we get back.
You know, I know I talk about this every year
and ninety nine point nine percent of the people don't listen.
But for the one percent that actually might, I'm gonna
have to repeat myself again.
Speaker 5 (20:32):
Gotta take a break. Watchdog on Wallstreet dot com.
Speaker 4 (20:35):
Watchdog on Wallstreet dot com is our site. Take advantage
our personal CFO program, podcast, newsletter.
Speaker 5 (20:43):
Watchdog on Wallstreet dot Com. We'll be back.
Speaker 1 (21:00):
Bringing America financial freedom, one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 5 (21:11):
Welcome back, Welcome back everybody.
Speaker 4 (21:15):
Number nine on the Markowski Investments Financial Independence Top twenty
is you have more money than your neighbors and they.
Speaker 5 (21:27):
Don't have a clue. I'm gonna get. I'm gonna get.
Speaker 4 (21:32):
I always do when we talk about this every year
we talk about around the same time, and well, you know,
you know you have money. You can buy people stuff.
You don't understand. Don't tell me I don't understand. First off,
you have no idea my background, where I came from,
and how I've built myself up and my company over
the years. You have no idea. Let me tell you something. Okay,
(21:55):
I remember you know, have you those vivid memories certain
things in life? Certain He's an example. I remember when
I the first time I mowed my lawn in my
first house, and how great that beer tasted after mowing
(22:15):
that lawn of the first house that I bought for
my family. I only had one child at the time.
I remember that like it was yesterday. I also remember, too,
I liked to buy. You think I'm a cheap mindsea.
I loved to buy people things. I loved to buy
my wife nice things. I remember the first time, first
(22:39):
time I bought my wife a pair of Gucci shoes
for Christmas. I remember it vividly like it was yesterday's
decades ago. Okay, why because that was the first time
I could afford it, the first time I could afford it,
(23:05):
And it meant that much more people are going out
and you're buying things, buy now, pay later, You're gonna
miss a payment. Interest rates are gonna kick in, and
that five thousand dollars pocketbook that you bought at Louis
Vuitton all of.
Speaker 5 (23:23):
A sudden costs ten and you've done nothing.
Speaker 4 (23:28):
If you haven't maxed out your qualified plans, your four
oh one K, your IRA, you'r wroth, whatever it may be.
Don't buy stuff that you can't afford what so you
can you can make a cool Instagram post so you
can look cool on social media when you go out
(23:49):
to the restaurant and take a picture of your food.
Speaker 6 (23:51):
Grow up, people, There's more to life than that. And
if you work hard, you work hard.
Speaker 4 (24:03):
Everything in life that has meaning, value.
Speaker 5 (24:06):
And worth involves work, time and effort.
Speaker 4 (24:07):
I talk about that every week you bust your butt
in life, you'll get to the point where you can.
Speaker 5 (24:15):
Afford that.
Speaker 4 (24:16):
And when you then buy it, when you can't afford it,
or you give somebody that think you know how much
sweeter that is, you know what you're gonna be dealing
with over the course of this year, this course of
this year, for that, for that little that all look
at what I bought for myself, bought for this one,
(24:37):
for that short little bit of satisfaction and the pain
you're gonna put yourself through in buying something that you
cannot afford, don't do it. I've told this story countless
times here on the program. The people that contact us
at Markowski Investments wanting us to help them and put
together their financial you know, get the mind to findinancial prep.
(25:00):
What we do here building them up money for the kids,
for college, your retirement, things they want to have. And
they walk in my door and they've got tens of
thousands of dollars in credit card debt, and.
Speaker 5 (25:14):
I got to have that.
Speaker 4 (25:15):
I gotta have that conversation with them, saying, hey, listen,
you have to take care of this first, because you're
paying crazy interest rates on these credit cards and.
Speaker 5 (25:27):
I'm not going to beat that.
Speaker 4 (25:30):
There's not a financial guy in the entire planet that
is going to beat the rate that you are paying
on your credit cards. And oftentimes that involves making lifestyle changes,
doing things differently. I'm not lying to you. Most people
aren't willing to do it. They're more concerned with their
(25:54):
appearance to everyone else, what everyone else thinks, what they're
gonna think on social media. I think you should worry
about the who's thinking about you. Should worry about what
God thinks about you. Okay, not what they think about
you on Instagram or the posts that you make. Just
a suggestion, throwing it out there. Anyway, Gotta take a break.
(26:19):
I know, people, I know, I listen.
Speaker 5 (26:21):
I know. I'm not looking to nag. I'm looking to advise.
Speaker 4 (26:26):
Watchdog on Wall Street dot com, Watchdog on Wall Street
dot com is our site to become a part of
the Watchdog on Wall Street family, our personal CFO program, podcast, newsletter,
all sorts of great stuff. Watchdog on Wallstreet dot com.
Speaker 5 (26:39):
We'll be back.
Speaker 1 (26:57):
Taking Wall Streets liars, crooks and cheats out behind the woodshed.
You're listening to the Watchdog on Wall Street.
Speaker 4 (27:09):
Talk about it, talk about this, this program, this radio show.
Did it my way, the Markowski way. The same thing
holds true for our firm. And when I talk to
you here on the program, when I invite you to
become a part of our family, our personal CFO program.
Markowski Investments. We run our out. It's a family office.
(27:32):
Not just because it's run by myself, my brother's family,
my nephew. It's because we treat every client like it.
It's a family office. There is no other investment registered
investment advisory like ours in the country where we help
everybody the type of level that we're at. Normally you
(27:54):
need to have ten twenty million dollars to just step
foot in the door.
Speaker 5 (27:59):
We refuse to do that. We refuse to do that
from the get go.
Speaker 4 (28:06):
Again, makes makes our business that much more difficult because
we have so many clients from all over the country,
from all walks of life. But that's okay, that's okay,
because it's it's worth it.
Speaker 5 (28:23):
It's worth it.
Speaker 4 (28:24):
I've said this before here on the program.
Speaker 5 (28:28):
Yeah.
Speaker 4 (28:28):
Sure, you know, we get a new client, you know,
ten twenty million dollars, that's great. They're wealthy already and
we do a great job for them. But you know,
it's a lot of fun. You know, it's a lot
of fun. It's really rewarding for us at Markowski Investments
is when we're bringing people in and we watch them
build wealth over the years. When I get you know, thirty,
(28:52):
I go, I remember when thirty years ago we got
started and where you were, and this is where you
are now, this is where your family is now.
Speaker 5 (29:02):
That's what it's all about. And I've said this before.
Speaker 4 (29:04):
I don't even like the phrase financial planner.
Speaker 6 (29:08):
We're a financial planner where a financial planning group.
Speaker 4 (29:11):
I don't even like it because that's not really what
we do. It's about financial preparation. It's about financial Actually,
one of our listeners sent this over to me this
past week because I talk about this all the time
because I'm a coach to coach youth sports, I coached
(29:32):
youth lacrosse for years, was away for a little bit.
Now I'm back coaching again, and I try to teach
the kids. I said, don't worry about who your opponent is,
worry about yourself. Focus on the fundamentals, making yourself the
best player you could be.
Speaker 5 (29:48):
And I didn't know this.
Speaker 4 (29:48):
They sent me over that John Wooden, the coach, famous
coach from UCLA. He never watched game film. He never
watched game film.
Speaker 5 (29:57):
He didn't care.
Speaker 4 (29:58):
He's like, you know what, I'm just gonna make sure
my players the best players out there. And that's what
we're all about. We're about preparing you for life. There's
a reality out there, Okay. They like to call it
financial planning, Like you know what's gonna happen down the road.
What you know is gonna happen down the street, the
opportunities that are gonna present themselves to you.
Speaker 5 (30:16):
You don't.
Speaker 4 (30:18):
One of my favorite lines, you want to make God laugh,
Tell God your plans. Each and every one of us
has unique talents and abilities, and it is our duty
to God, to your family, to your country to go
out there and develop those talents, work with those talents
(30:42):
to go out and build create, protect, and teach, and
we play a part of that.
Speaker 5 (30:52):
By building wealth up over time.
Speaker 4 (30:56):
And I said, oh, I'm gonna you know, I have
thirty years, so now I'm gonna retire on this date.
You don't know what's gonna happen. You don't want to
run your life based upon a date thirty years from now.
You want to take advantage of every opportunity that is
presented to you. So now I don't like car financial plan, No,
we're fuck. We prepare you.
Speaker 5 (31:17):
Financial prep is what we're all about.
Speaker 4 (31:20):
Get to our website, Watchdog on Wall street dot com,
sign up for our personal CFO program, take advantage of
all the other great stuff we have Watchdog on wallstreet
dot com, or give us.
Speaker 5 (31:31):
A call at eight hundred four seven one nine eighty
four tonight.
Speaker 1 (31:41):
Chris Markowski is the watchdog of Wall Street. This is
(32:03):
the Watchdog on Wall Street.
Speaker 4 (32:15):
Welcome back, Welcome back, It is the Watchdog on Wall
Street show. I just want to again, this is something
that I've tried to explain to people before. If you
were ripped off, if you do business with an investment
con arns and you get taken, you're pretty much on
(32:38):
your own. You're on your own. It is very, very
difficult to recoup anything. I've written about this before, I've
talked about Finnra, I've talked about the SEC again.
Speaker 5 (32:55):
I saw this, saw this back in the early nineteen nineties.
Speaker 4 (33:00):
I first got started, and I saw all of these
penny stock operators, these firms out there that they didn't
operate on an island by themselves. They had clearing agents,
the big firms out there that would clear all of
their trades. They obviously knew what was going on. Nobody
(33:20):
did anything. And I always wondered about that, you know,
And that was early in my career, and I said,
you know, and I'm still at that point. I'm still
kind of like, what is this. This doesn't seem right.
I don't know. And again, when you're young and you're
you know, first in the industry, your second guess yourself, well,
you know, maybe I don't know that much.
Speaker 5 (33:40):
Well it turns out I did. Turns out I did.
Speaker 4 (33:45):
I saw this story this past week and I shook
my head because I warned you here on the program
about this firm. And you know, the funny thing is
is that the regular the regulators knew FINRA knew the
(34:06):
sec knew and they didn't do a damn thing. They
didn't lift a finger. This is part of the issue. Okay.
They are not a cop on the beat. They are
not there to prevent crime. They're there to come in
after the fact, after enough people have lost money and complained,
(34:31):
and then shut them down, hold a press conference and
pat themselves on the back.
Speaker 5 (34:38):
For doing nothing. Yeah.
Speaker 4 (34:42):
And again, I'm sorry, I don't mean to yell, but
I've been doing this for a long time. And again,
the ripoffs and the scams and the fraud. We at
Markowski message, We've been at the front lines. We're the
ones there where you know, people are crying on our
shoulder after they have lo lost everything. So you have
to understand to some degree, my position, my brother's position
(35:05):
on this. This is the story out of Long Island.
And again I would used to live on Long Island
and I found out about this place. Then I talked
about it here on the program. A. G. Morgan Financial
Advisors and it's key officers, Vincent Kamarda and James MacArthur,
(35:30):
both suspended by Finner in October. Now, first and foremost, Okay,
as soon as these two criminals decided to register. A
firm called AG Morgan Financial should have set up red
flags right away, right away. Why well, nobody at the
(35:50):
firm is named Morgan or ag Morgan. All they were
trying to do was to make their firm sound like
it was JP Morgan. That's it, it's it, And the
regulators know this.
Speaker 5 (36:04):
I mean, it's like, here we it. You know, it's
so obvious.
Speaker 4 (36:07):
It's like someone was like setting up a cocaine store
in your neighborhood and you know, actually called it.
Speaker 5 (36:14):
You know, hey, coca something. It is obvious what they're
trying to do.
Speaker 4 (36:20):
But the funny thing is is that you know, these
these two guys are suspended. They're ordered to pay millions
upon millions of dollars ripping people off in these promisory
notes for private equity investment funds here that were operated
and owned by the two of them. Again, again you
(36:41):
have to file this stuff. Regulators should have seen all this.
But then you go and you take a look at
the history of these guys and the firms that they'd
worked at. IBN Financial Services Scam, Momentics Capital scam. These
firms had to reach all sorts of monetary agreements with
the scams that they pulled off. We're talking insane amounts
(37:06):
of money. They allowed these guys to open up a firm.
They've got like what thirty forty complaints against them, and
that's just the people that complained. And you think that
they're actual regulators out there actually that give a damn. Now,
they should have known you're on your own. You're on
(37:31):
your own again. It reminds me that that, you know,
the scene and Jaws when Quit was talking about how
he was on the USS Indianapolis and they delivered the
bomb and their boat got struck with a with a
you know, a tarpoo, and they're in the water and
then guess what, the sharks come. Okay, you're swimming with sharks.
Do you understand me? You're swimming with sharks.
Speaker 5 (37:54):
I'm telling you this. I am in this business. The
difference is I know what the damn sharks are. I
know who they are, I know where they are, I
know what they do. We've been doing this for thirty
years now.
Speaker 3 (38:11):
If you have any the slightest concern, the slightest inkling
that something is just not right, or you just want
a second.
Speaker 5 (38:23):
Opinion, do your self a favor.
Speaker 4 (38:30):
Get to our website at Watchdog on wallstreet dot com
and get in contact with us. We have saved countless
people over the years, and I admit also we've tried
to save countless people, but countless people also decided not
to listen to us.
Speaker 5 (38:51):
We warn you about this.
Speaker 4 (38:52):
Firm here on the program, and I can almost guarantee.
Speaker 5 (38:56):
You, Okay, people didn't listen. We are.
Speaker 4 (39:03):
We are the resource. SCC is not gonna help you.
Finder's not gonna help you. We will help you. We'll
tell you if they're legit or not. Watchdog on wallstreet
dot com, Watchdog on wallstreet dot com, get our personal
CFO program, podcast, newsletter.
Speaker 5 (39:20):
We'll be back.
Speaker 2 (39:29):
You're listening to the Watchdog on Wall Street
Well, no one authored investment banker, consumer advocate, analyst, trainer.
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 2 (00:28):
You can't handled the truth.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 3 (00:35):
Ladies and gentlemen.
Speaker 4 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 2 (00:39):
This is the watchdog on Wall Streets.
Speaker 4 (00:44):
Welcome, everybody, Welcome. You know we're gonna We're gonna start
off the program today. I had a a real, I'm
pretty much massive epiphany this past week, and I did
a couple of podcast episode odes that garnered some quite
a bit of attention and hopefully waking people up, because
(01:07):
that's really what we've been all about since we started
this program twenty five years ago. We start twenty fifth year,
twenty fifth year longest running financial radio program in the country,
and when you think about it, as far as terrestrial radio,
one of the longest running radio shows in the country
(01:28):
all together, that's how long I've been on the air.
Actually started this before Hannity started his crying out loud.
Speaker 5 (01:39):
But I did it my way.
Speaker 4 (01:42):
I never never decided to say, you know what, I'm
going to be beholden to these advertisers, these sponsors, whatever
it may be. We have self financed this program for
twenty five years, and I wouldn't have it any other way.
(02:03):
In today's day and age, what I do and again,
we have to obviously utilize digital media and algorithms. I'm
told by you know, the people that put together our
podcasts and post everything on YouTube and Spotify and Apple
and all the various different mediums and social media out
(02:24):
there that you know, if I took a single lane,
if I took a single lane and I didn't deviate,
the algorithms would push out my show. Uh to that
that that much more, to much greater degree, because that's
what they want. That's that's the entire landscape today is
(02:50):
to put people into a lane. You're on this team,
you're on that team, and pit people against one another.
I wish this wasn't true, wish this wasn't true, but
it is.
Speaker 5 (03:05):
My son.
Speaker 4 (03:07):
This is past week. He gave me a phrase. It's
called rage baiting, and that perfectly captures the way media, politicians, influencers,
how they have figured out how to push people's emotional
(03:27):
buttons to keep them in a constant state of anger.
Anger drives attention, Attention drives money, power, influence.
Speaker 5 (03:46):
When I look back, look back at.
Speaker 4 (03:49):
My career doing this program, the decades I've been doing this,
and if I go back, and I do from time
to time, listen to my old broadcasts, I'm talking the
early years of this program. Go back and actually even
read my columns, which you can all do. They're all
up at Watchdog on Wallstreet dot com. I'm actually looking
on many of them now because putting together a book,
(04:10):
another book and some memoirs, I can see. I mean again,
how angry I used to be myself, and the radio
program early is this program I was yelling all the time,
And now I was fired up about all the corruption
on Wall Street, fraud in the penny stock firms, fraud
in the big firms, regulators looking the other way, politicians
(04:34):
cashing checks, and yeah, yeah, the more things change, the
more they stayed the same. I still cover those issues,
and yeah, we call them out, but I like to
think that I've come to a point in time, and
I've realized that that screaming and yelling isn't a strategy.
Speaker 5 (04:52):
It doesn't fix anything.
Speaker 4 (04:54):
And I've actually come to the realization that, yeah, I'm
gonna do what I'm gonna do here. I'm gonna hope
for the best. I'm gonna hope that people listen. I'm
gonna hope that people wake up. But I'm not gonna
get angry about it anymore.
Speaker 5 (05:09):
I can't. I can't. Life's too short.
Speaker 4 (05:15):
The reality is, though I don't remember a time I
don't I don't remember a time when the level of
corruption and decay in this country was so open and casual,
where it's just people just are now they've given up.
(05:36):
Americans just kind of like shrug their shoulders, Eh, it
is what it is now. Maybe it existed before here
in this country. Maybe maybe it just wasn't as visible.
I don't buy it. I don't buy it. I'm gonna
be honest. It feels worse now. It feels like that.
(05:59):
I call it some kind of the American ethos, American code,
that unwritten American code fair play, equal treatment under the law,
accountability for the powerful. It's just been thrown out the window.
It hasn't been that long. We saw unarmed National guardsmen
(06:20):
shot down in our capital, barely any investigation. It's off,
It's not even in the headlines anymore. And I will
talk about that later. I'm gonna tell you why we
were lied to time and time again. And more information
continues to come out about the origins of COVID and
(06:41):
masks and fauci. And now we're finding out that the
vaccines were tested on children and they killed kids. Oh yeah, yeah,
this is all stuff again makes the news quickly disappears.
We have these ridiculous, can rational hearings all the time,
(07:01):
and we're told, oh, yeah, we're going to go after
the pedophiles, We're going to go after this one.
Speaker 5 (07:06):
Justice. Oh congressional hearings. Justice is coming.
Speaker 4 (07:11):
Nothing happens, no prosecutions, no reform, no transparency. And we
the people, the people that are not in George Carlin's
big club, we're the ones that are burned, the people responsible. Hey,
they move on. Oh sure they might get voted out,
(07:33):
but they move on. And then they run a university somewhere.
They get speaking gigs where like Hillary Clinton speak for
ten minutes, get paid, you know, quarter of a million dollars,
consulting contracts, book deals. They don't even have to sell books.
For crying out loud, that's how it operates. I'll go
work for some NGO, whatever it may be. And they
(07:57):
did this, and this is done by split splitting the
country into ideological teams. I remember decades ago on the
here in the show, I used to warn people about this. People,
we can't turn this country into Yankees. Red Sox can't
do it. Can't turn it into Yankees, Red Sox can't
turn it into Ohio State, Michigan Gators knows.
Speaker 5 (08:18):
Can't do it.
Speaker 4 (08:20):
Well, what have you got today? You gotta be on
a team, right ah. You gotta be a blue blood
uh corporate Republican amid Romney types, or a libertarian originalist,
a popular a Maga type, now doctrine progressive.
Speaker 5 (08:36):
Everyone's got a jersey, everyone's got a tribe.
Speaker 4 (08:40):
And the entire system, the media ecosystem, feeds those divisions.
They want those divisions because if they keep us agitated
and at each other's throats, nobody, nobody looks long enough
to see who's actually benefiting from all of this.
Speaker 5 (08:57):
Rage.
Speaker 4 (08:58):
Baiting is big business. It's profitable. It keeps people glued
to screens. It keeps people donating to campaigns obsessed with
beating the other side, never realizing that the real puppeteers
sit far outside these emotional battles.
Speaker 5 (09:20):
I think this is a dangerous trend.
Speaker 4 (09:22):
I say people are shrugging their shoulder that Americans are
losing faith in the system itself. I've talked about the
word credit and the Latin root from it, credia, which
means to believe are our financial system only works? Why
(09:43):
because people believe in it? Because you can make the
same You can make the same argument about the rule
law if citizens no longer believe they will be treated fairly,
if they see one set of rules for the elites
another set for everybody else's society. These you see it
news clips, bizarre viral videos, ugly confrontations, the growing lack
(10:07):
of respect for property, order and norms. When trust dies,
people check out. When accountability is absent, resentment fills the vacuum.
We're there, people, Unfortunately, we're there. We are living in
a post rule of law, post credibility environment. We know
(10:31):
the political establishment gets away with things the average citizen
never could.
Speaker 5 (10:37):
We all know this.
Speaker 4 (10:40):
It's old animal farm or well, some animals are more
equal than others. We know the revolving door between agency regulators,
corporate boards, Wall Street, and Capitol Hill exists. I've been
reporting on it for decades. Was it two thousand and five?
I came up my watchdog on Walls treat Access of evil,
(11:01):
big business, politicians and the media working hand in hand
to protect each other. Today that access is stronger than ever.
Now we can correct. We can do this together people,
but not with the people that we have right now.
Speaker 5 (11:19):
They're not up to the tasks.
Speaker 4 (11:20):
And I'm telling you right now, it starts on a
local level, starts on a community level, starts at local elections,
local accountability, real civic pressure, and then eventually it has
to work its way up to Washington. We as we centralized,
we outsourced our responsibility as citizens to Washington d C.
It was a colossal mistake. Take a look at the
(11:42):
states that are killing it. Take a look at Florida,
take a look at Texas, where you have strong governors,
strong leadership within the states.
Speaker 5 (11:51):
Not looking to punt to Washington. To see.
Speaker 4 (11:55):
The more we pull decision making back to towns, counties,
and states, the better the odds are as we have
of restoring integrity for our kids, for our grandkids. I
am going to keep covering stories that make people uncomfortable,
ones that might make your stomach turn. I'm not reporting
(12:19):
on them to inflame you or bait you. Sunlight is
the only disinfectant left, and silence guarantees nothing changes. I
wish I had more uplifting things to talk about, and
occasionally I do, but ignoring what is happening here in
(12:39):
this country is encouraged. It's surrender. Okay, listen, I've never
seen trust this low, cynicism this high, and the system
this hollowed out, and we the people have to fix
the rot at the core. Rage itself will become the
only language left. If we don't. One thing I take
(13:03):
pride of before we have to take a break here
in the program. I've said it for years here on
the program. I am an equal opportunity Basher. I'm honest.
It would be a hell of a lot more profitable
for me. I would grow this, grow this show, I'd
grow my online presence if I picked the lane.
Speaker 5 (13:23):
If I said that's it, I.
Speaker 4 (13:24):
Am not gonna do another and say another word against Trump,
or I'm not going to say another word against this
one or another word against that one, because that's what
they want. But that would be a lie, and I'd
be living a lie. I take great pride in the
fact that I could take everybody off. I was thinking
(13:45):
about it the movie Diehard Christmas movie, one of my
favorite Christmas movies, by the way, when the terrorists are
getting all angry and upset and they're banging things, and
John McClain's wife is like, Oh, her husband's still alive,
because nobody you can get anybody that angry except their husband. Well,
that's me, that's me. I didn't join on any team.
Speaker 5 (14:08):
I'm on you.
Speaker 4 (14:08):
Know, I'm on Team America. How's that sound Okay. I'm
not an elephant, I'm not a donkey. I'm not a
mag I'm not at this. I'm not at that. I'm
about the truth. And that's what we need to get
back to. Have to take a break. You're listening to
the Watchdog on Wall Street Show again. I invite each
(14:30):
and every one of you to become a part of
our family at Markowski Investments. Get to our website Watchdog
on Wallstreet dot com. That's Watchdog on Wallstreet dot com.
Sign up for our personal CFO program and guess what.
Get to work with one of us, the Markowski family,
the Markowski Brothers, my podcast.
Speaker 5 (14:50):
You can get that there, account.
Speaker 4 (14:51):
Repair kits, our newsletter, all sorts of great stuff. Do
your homework on us, get to our website Watchdog on
Wallstreet dot com, or give also call eight hundred four
seven one fifty nine eighty four.
Speaker 2 (15:04):
I'm a sleeples. Never explain you should believe in math
not magic.
Speaker 1 (15:22):
You're listening to The Watchdog in Wall Street with Chris Markowski.
Speaker 5 (15:29):
I cracked jokes from time to time here on the program.
Speaker 4 (15:34):
I talk about Oh, let's see I told you so
moment ten thousand, seven and forty four, and I don't
even really like saying it. I really don't. Yeah, but
I call you know this guy. People have been following
us here on the program. We called a lot over
the past thirty years, twenty five years here on air,
(15:55):
and I guess go back thirty years when we started
Markowski Investments, when I started doing my newsletter and doing
guest appearances on air. Many of the calls that we've
made over the course of this year, oh man, you
should I could save all of the nasty messages and
emails that get from people.
Speaker 5 (16:12):
You understand, those things are gonna work out. It's gonna
be great.
Speaker 4 (16:15):
And I'm like, okay, whatever, but i want to break
down some of the numbers, the economic numbers from this week.
Now again, I know they they held a big, raw,
raw cabinet meeting at the White House, and it was
the usual, you know, like the Lego song, everything is awesome,
everything is not awesome again.
Speaker 5 (16:37):
I got a couple this past week. Oh my god,
you'll just take a look at you know, Black Friday
was awesome.
Speaker 6 (16:42):
Man.
Speaker 4 (16:43):
Black Friday sales reached eleven point eight billion.
Speaker 5 (16:46):
It's up nine percent from last year. Well, that's great.
Speaker 4 (16:51):
And then they talked about Cyber Monday sales and I said, okay, yeah,
I think Black Friday about eighteen billion. And you want
you want to know what the breakdown was for that
luxury apparel and accessories the top sellers.
Speaker 5 (17:07):
Wow, the economy must be kicking.
Speaker 4 (17:11):
You do realize that almost half of that was due
to the buy now, pay later stuff. Klarna an affirm
you think that that's healthy, you think that's a good sign.
I'll take that and I'll put that away. I'm going
to get back to that in a second this number,
(17:34):
again not good. ADP numbers came out jobs numbers and
they were much lower than expected. But the worst part
about the ADP numbers was the fact that small businesses
shed one hundred and twenty five thousand jobs last month.
Speaker 5 (17:53):
And this is the lead up to Christmas. Coupled with
the fact.
Speaker 4 (17:57):
That sub Chapter five bankrupt filings, this is a new
bankruptcy filing that was instituted several years ago. It's currently
if you have debt of less than three million dollars.
This small business is hit a record, hit a record. Now,
we've said about some of the current administration's policies in
(18:19):
regards to tariffs that it would most certainly adversely affect
small businesses. Why did I yell and scream about this
here on the program. Well, guess what. The bulk of
my clients all over the country, they're.
Speaker 5 (18:36):
Not Jamie Diamonds.
Speaker 4 (18:38):
Okay, they're not running the biggest companies out there. They're
small business owners. That's that's my client base. That's who
we do business with. Don't tell me, I don't know
what's going on with small business. What's going on the
ground in the economy. Small business is hurting. That's the reality.
(18:59):
And you get Howard Lutnik on air saying, who do
you do? He wasn't about it was it about triiffs.
It was about that Schumer shutdown, man, just go away,
go away. You're embarrassing yourself now that you're insulting my intelligence.
Speaker 5 (19:15):
So stop now.
Speaker 4 (19:17):
When it comes to these sales numbers, I've gone off
on this whole buy now, pay later thing I have again,
I was very very disappointed seeing various different luxury houses
like Gucci now taking this. If you can't afford to
(19:39):
pay for something in full a Christmas gift, then don't
buy it.
Speaker 5 (19:46):
Don't buy it. Well, you know what I'm saying.
Speaker 4 (19:48):
I gotta get my signific something older, and I can't
afford this. Well, if that person is going to judge
you based upon the gift that you are buying, well
what does that say about your choice in companions?
Speaker 5 (20:05):
People? Okay, you have to stop with this, you do okay?
Speaker 4 (20:10):
People putting themselves into all sorts of debt and all
sorts of.
Speaker 5 (20:15):
Problems for stuff, don't do it.
Speaker 4 (20:20):
I gotta get more into this when we get back.
You know, I know I talk about this every year
and ninety nine point nine percent of the people don't listen.
But for the one percent that actually might, I'm gonna
have to repeat myself again.
Speaker 5 (20:32):
Gotta take a break. Watchdog on Wallstreet dot com.
Speaker 4 (20:35):
Watchdog on Wallstreet dot com is our site. Take advantage
our personal CFO program, podcast, newsletter.
Speaker 5 (20:43):
Watchdog on Wallstreet dot Com. We'll be back.
Speaker 1 (21:00):
Bringing America financial freedom, one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 5 (21:11):
Welcome back, Welcome back everybody.
Speaker 4 (21:15):
Number nine on the Markowski Investments Financial Independence Top twenty
is you have more money than your neighbors and they.
Speaker 5 (21:27):
Don't have a clue. I'm gonna get. I'm gonna get.
Speaker 4 (21:32):
I always do when we talk about this every year
we talk about around the same time, and well, you know,
you know you have money. You can buy people stuff.
You don't understand. Don't tell me I don't understand. First off,
you have no idea my background, where I came from,
and how I've built myself up and my company over
the years. You have no idea. Let me tell you something. Okay,
(21:55):
I remember you know, have you those vivid memories certain
things in life? Certain He's an example. I remember when
I the first time I mowed my lawn in my
first house, and how great that beer tasted after mowing
(22:15):
that lawn of the first house that I bought for
my family. I only had one child at the time.
I remember that like it was yesterday. I also remember, too,
I liked to buy. You think I'm a cheap mindsea.
I loved to buy people things. I loved to buy
my wife nice things. I remember the first time, first
(22:39):
time I bought my wife a pair of Gucci shoes
for Christmas. I remember it vividly like it was yesterday's
decades ago. Okay, why because that was the first time
I could afford it, the first time I could afford it,
(23:05):
And it meant that much more people are going out
and you're buying things, buy now, pay later, You're gonna
miss a payment. Interest rates are gonna kick in, and
that five thousand dollars pocketbook that you bought at Louis
Vuitton all of.
Speaker 5 (23:23):
A sudden costs ten and you've done nothing.
Speaker 4 (23:28):
If you haven't maxed out your qualified plans, your four
oh one K, your IRA, you'r wroth, whatever it may be.
Don't buy stuff that you can't afford what so you
can you can make a cool Instagram post so you
can look cool on social media when you go out
(23:49):
to the restaurant and take a picture of your food.
Speaker 6 (23:51):
Grow up, people, There's more to life than that. And
if you work hard, you work hard.
Speaker 4 (24:03):
Everything in life that has meaning, value.
Speaker 5 (24:06):
And worth involves work, time and effort.
Speaker 4 (24:07):
I talk about that every week you bust your butt
in life, you'll get to the point where you can.
Speaker 5 (24:15):
Afford that.
Speaker 4 (24:16):
And when you then buy it, when you can't afford it,
or you give somebody that think you know how much
sweeter that is, you know what you're gonna be dealing
with over the course of this year, this course of
this year, for that, for that little that all look
at what I bought for myself, bought for this one,
(24:37):
for that short little bit of satisfaction and the pain
you're gonna put yourself through in buying something that you
cannot afford, don't do it. I've told this story countless
times here on the program. The people that contact us
at Markowski Investments wanting us to help them and put
together their financial you know, get the mind to findinancial prep.
(25:00):
What we do here building them up money for the kids,
for college, your retirement, things they want to have. And
they walk in my door and they've got tens of
thousands of dollars in credit card debt, and.
Speaker 5 (25:14):
I got to have that.
Speaker 4 (25:15):
I gotta have that conversation with them, saying, hey, listen,
you have to take care of this first, because you're
paying crazy interest rates on these credit cards and.
Speaker 5 (25:27):
I'm not going to beat that.
Speaker 4 (25:30):
There's not a financial guy in the entire planet that
is going to beat the rate that you are paying
on your credit cards. And oftentimes that involves making lifestyle changes,
doing things differently. I'm not lying to you. Most people
aren't willing to do it. They're more concerned with their
(25:54):
appearance to everyone else, what everyone else thinks, what they're
gonna think on social media. I think you should worry
about the who's thinking about you. Should worry about what
God thinks about you. Okay, not what they think about
you on Instagram or the posts that you make. Just
a suggestion, throwing it out there. Anyway, Gotta take a break.
(26:19):
I know, people, I know, I listen.
Speaker 5 (26:21):
I know. I'm not looking to nag. I'm looking to advise.
Speaker 4 (26:26):
Watchdog on Wall Street dot com, Watchdog on Wall Street
dot com is our site to become a part of
the Watchdog on Wall Street family, our personal CFO program, podcast, newsletter,
all sorts of great stuff. Watchdog on Wallstreet dot com.
Speaker 5 (26:39):
We'll be back.
Speaker 1 (26:57):
Taking Wall Streets liars, crooks and cheats out behind the woodshed.
You're listening to the Watchdog on Wall Street.
Speaker 4 (27:09):
Talk about it, talk about this, this program, this radio show.
Did it my way, the Markowski way. The same thing
holds true for our firm. And when I talk to
you here on the program, when I invite you to
become a part of our family, our personal CFO program.
Markowski Investments. We run our out. It's a family office.
(27:32):
Not just because it's run by myself, my brother's family,
my nephew. It's because we treat every client like it.
It's a family office. There is no other investment registered
investment advisory like ours in the country where we help
everybody the type of level that we're at. Normally you
(27:54):
need to have ten twenty million dollars to just step
foot in the door.
Speaker 5 (27:59):
We refuse to do that. We refuse to do that
from the get go.
Speaker 4 (28:06):
Again, makes makes our business that much more difficult because
we have so many clients from all over the country,
from all walks of life. But that's okay, that's okay,
because it's it's worth it.
Speaker 5 (28:23):
It's worth it.
Speaker 4 (28:24):
I've said this before here on the program.
Speaker 5 (28:28):
Yeah.
Speaker 4 (28:28):
Sure, you know, we get a new client, you know,
ten twenty million dollars, that's great. They're wealthy already and
we do a great job for them. But you know,
it's a lot of fun. You know, it's a lot
of fun. It's really rewarding for us at Markowski Investments
is when we're bringing people in and we watch them
build wealth over the years. When I get you know, thirty,
(28:52):
I go, I remember when thirty years ago we got
started and where you were, and this is where you
are now, this is where your family is now.
Speaker 5 (29:02):
That's what it's all about. And I've said this before.
Speaker 4 (29:04):
I don't even like the phrase financial planner.
Speaker 6 (29:08):
We're a financial planner where a financial planning group.
Speaker 4 (29:11):
I don't even like it because that's not really what
we do. It's about financial preparation. It's about financial Actually,
one of our listeners sent this over to me this
past week because I talk about this all the time
because I'm a coach to coach youth sports, I coached
(29:32):
youth lacrosse for years, was away for a little bit.
Now I'm back coaching again, and I try to teach
the kids. I said, don't worry about who your opponent is,
worry about yourself. Focus on the fundamentals, making yourself the
best player you could be.
Speaker 5 (29:48):
And I didn't know this.
Speaker 4 (29:48):
They sent me over that John Wooden, the coach, famous
coach from UCLA. He never watched game film. He never
watched game film.
Speaker 5 (29:57):
He didn't care.
Speaker 4 (29:58):
He's like, you know what, I'm just gonna make sure
my players the best players out there. And that's what
we're all about. We're about preparing you for life. There's
a reality out there, Okay. They like to call it
financial planning, Like you know what's gonna happen down the road.
What you know is gonna happen down the street, the
opportunities that are gonna present themselves to you.
Speaker 5 (30:16):
You don't.
Speaker 4 (30:18):
One of my favorite lines, you want to make God laugh,
Tell God your plans. Each and every one of us
has unique talents and abilities, and it is our duty
to God, to your family, to your country to go
out there and develop those talents, work with those talents
(30:42):
to go out and build create, protect, and teach, and
we play a part of that.
Speaker 5 (30:52):
By building wealth up over time.
Speaker 4 (30:56):
And I said, oh, I'm gonna you know, I have
thirty years, so now I'm gonna retire on this date.
You don't know what's gonna happen. You don't want to
run your life based upon a date thirty years from now.
You want to take advantage of every opportunity that is
presented to you. So now I don't like car financial plan, No,
we're fuck. We prepare you.
Speaker 5 (31:17):
Financial prep is what we're all about.
Speaker 4 (31:20):
Get to our website, Watchdog on Wall street dot com,
sign up for our personal CFO program, take advantage of
all the other great stuff we have Watchdog on wallstreet
dot com, or give us.
Speaker 5 (31:31):
A call at eight hundred four seven one nine eighty
four tonight.
Speaker 1 (31:41):
Chris Markowski is the watchdog of Wall Street. This is
(32:03):
the Watchdog on Wall Street.
Speaker 4 (32:15):
Welcome back, Welcome back, It is the Watchdog on Wall
Street show. I just want to again, this is something
that I've tried to explain to people before. If you
were ripped off, if you do business with an investment
con arns and you get taken, you're pretty much on
(32:38):
your own. You're on your own. It is very, very
difficult to recoup anything. I've written about this before, I've
talked about Finnra, I've talked about the SEC again.
Speaker 5 (32:55):
I saw this, saw this back in the early nineteen nineties.
Speaker 4 (33:00):
I first got started, and I saw all of these
penny stock operators, these firms out there that they didn't
operate on an island by themselves. They had clearing agents,
the big firms out there that would clear all of
their trades. They obviously knew what was going on. Nobody
(33:20):
did anything. And I always wondered about that, you know,
And that was early in my career, and I said,
you know, and I'm still at that point. I'm still
kind of like, what is this. This doesn't seem right.
I don't know. And again, when you're young and you're
you know, first in the industry, your second guess yourself, well,
you know, maybe I don't know that much.
Speaker 5 (33:40):
Well it turns out I did. Turns out I did.
Speaker 4 (33:45):
I saw this story this past week and I shook
my head because I warned you here on the program
about this firm. And you know, the funny thing is
is that the regular the regulators knew FINRA knew the
(34:06):
sec knew and they didn't do a damn thing. They
didn't lift a finger. This is part of the issue. Okay.
They are not a cop on the beat. They are
not there to prevent crime. They're there to come in
after the fact, after enough people have lost money and complained,
(34:31):
and then shut them down, hold a press conference and
pat themselves on the back.
Speaker 5 (34:38):
For doing nothing. Yeah.
Speaker 4 (34:42):
And again, I'm sorry, I don't mean to yell, but
I've been doing this for a long time. And again,
the ripoffs and the scams and the fraud. We at
Markowski message, We've been at the front lines. We're the
ones there where you know, people are crying on our
shoulder after they have lo lost everything. So you have
to understand to some degree, my position, my brother's position
(35:05):
on this. This is the story out of Long Island.
And again I would used to live on Long Island
and I found out about this place. Then I talked
about it here on the program. A. G. Morgan Financial
Advisors and it's key officers, Vincent Kamarda and James MacArthur,
(35:30):
both suspended by Finner in October. Now, first and foremost, Okay,
as soon as these two criminals decided to register. A
firm called AG Morgan Financial should have set up red
flags right away, right away. Why well, nobody at the
(35:50):
firm is named Morgan or ag Morgan. All they were
trying to do was to make their firm sound like
it was JP Morgan. That's it, it's it, And the
regulators know this.
Speaker 5 (36:04):
I mean, it's like, here we it. You know, it's
so obvious.
Speaker 4 (36:07):
It's like someone was like setting up a cocaine store
in your neighborhood and you know, actually called it.
Speaker 5 (36:14):
You know, hey, coca something. It is obvious what they're
trying to do.
Speaker 4 (36:20):
But the funny thing is is that you know, these
these two guys are suspended. They're ordered to pay millions
upon millions of dollars ripping people off in these promisory
notes for private equity investment funds here that were operated
and owned by the two of them. Again, again you
(36:41):
have to file this stuff. Regulators should have seen all this.
But then you go and you take a look at
the history of these guys and the firms that they'd
worked at. IBN Financial Services Scam, Momentics Capital scam. These
firms had to reach all sorts of monetary agreements with
the scams that they pulled off. We're talking insane amounts
(37:06):
of money. They allowed these guys to open up a firm.
They've got like what thirty forty complaints against them, and
that's just the people that complained. And you think that
they're actual regulators out there actually that give a damn. Now,
they should have known you're on your own. You're on
(37:31):
your own again. It reminds me that that, you know,
the scene and Jaws when Quit was talking about how
he was on the USS Indianapolis and they delivered the
bomb and their boat got struck with a with a
you know, a tarpoo, and they're in the water and
then guess what, the sharks come. Okay, you're swimming with sharks.
Do you understand me? You're swimming with sharks.
Speaker 5 (37:54):
I'm telling you this. I am in this business. The
difference is I know what the damn sharks are. I
know who they are, I know where they are, I
know what they do. We've been doing this for thirty
years now.
Speaker 3 (38:11):
If you have any the slightest concern, the slightest inkling
that something is just not right, or you just want
a second.
Speaker 5 (38:23):
Opinion, do your self a favor.
Speaker 4 (38:30):
Get to our website at Watchdog on wallstreet dot com
and get in contact with us. We have saved countless
people over the years, and I admit also we've tried
to save countless people, but countless people also decided not
to listen to us.
Speaker 5 (38:51):
We warn you about this.
Speaker 4 (38:52):
Firm here on the program, and I can almost guarantee.
Speaker 5 (38:56):
You, Okay, people didn't listen. We are.
Speaker 4 (39:03):
We are the resource. SCC is not gonna help you.
Finder's not gonna help you. We will help you. We'll
tell you if they're legit or not. Watchdog on wallstreet
dot com, Watchdog on wallstreet dot com, get our personal
CFO program, podcast, newsletter.
Speaker 5 (39:20):
We'll be back.
Speaker 2 (39:29):
You're listening to the Watchdog on Wall Street
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