November 9, 2025 • 39 mins
Chris Markowski, the Watchdog on Wall Street, discusses various pressing economic issues, including the implications of tariffs on small businesses, the role of government during economic emergencies, and the challenges posed by the current healthcare system. He also critiques Republican strategies during government shutdowns, explores the successes of educational institutions like the Piney Woods School, and addresses the ongoing drug crisis in America. The conversation emphasizes the need for reform and proactive measures to ensure economic stability and growth.
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Transcript
Episode Transcript
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Speaker 1 (00:07):
Well, no one altered investment banking, consumer advocate analyst trader
Chris Markowski is the watchdog Wall Street? Do you want
to answer exposing the lies and myths that the big
brokerage firms, the mainstream press, and the government are pushing
to keep Americans away from financial freedom. You can't handle
(00:29):
the true bringing America the truth about what really happens
in the financial world.
Speaker 2 (00:34):
Ladies and gentlemen. 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 2 (00:44):
All right, welcome back, Welcome back everybody, and it's the watchdog
on Wall Street show.
Speaker 3 (00:50):
I want to get into.
Speaker 2 (00:53):
Supreme Court this past week with the tariff situation. I
warned about this back during Liberation Day and what was
going to take place.
Speaker 3 (01:07):
I said that this doesn't make any sense.
Speaker 2 (01:10):
The fact that you have people coming out and saying
a tariff is not a tax, forced tax? What else
is it? Okay, it's tax. Again, that's the purview of Congress.
Quite frankly, and again you get all of these members
of Congress that they know that this is the case,
(01:31):
but they're so afraid of Donald Trump is so afraid
of the Donald Trump machine. Again, you take a look
at Thomas Massey, who votes his conscience and the constitution.
And Donald Trump has sicked three billionaires after him, three
billionaires after him because he wants to release the Epstein files.
Speaker 3 (01:53):
That's the reality, is it not?
Speaker 2 (01:56):
But anyway, based upon on what was said the conversation
at the Supreme Court, the overall assessment is that the
tariffs are on very shaky ground, a lot of skepticism,
without a doubt.
Speaker 3 (02:17):
And again, the the.
Speaker 2 (02:19):
Lawyer, lawyer for the president had a real, real difficult time.
And again, if you don't believe me, go and watch
it yourself. Go and watch it yourself. You had Scott
Bessett and Commerce Secretary of Howard Lutnik. They were among
those in the audience. Trump did not attend. The hearing
(02:41):
ran nearly three hours. Again, the the challengers, the ones
who are the planets in this case, small businesses, small businesses.
And if we cannot be sympathetic to small businesses here
in this country, and I've talked about this, BEFO for
the number one job engine in the United States has
(03:03):
always been small business businesses that were started within the
last five years. Large companies hire and fire. But traditionally
it's always come from small business, small businesses, where innovation
comes from. Why do we want to hurt small businesses?
And that's what tariffs do. Like I said earlier, Okay,
(03:24):
for example, you are a you're a small upstart. Let's
see here a small upstart shoe sneaker, sneaker company here
in the United States.
Speaker 3 (03:36):
Say it's some some kid.
Speaker 2 (03:38):
Some kid was a marathon runner, track runner, and he
started his own sneaker company. Gee, kind of like Phil
Knight did from Nike when Phil Knight was selling Nikes
out of the trunk of his car. It's good to
have startup companies. Well, all of a sudden, the sneak
(04:01):
the sneakers that you may have been manufacturing in Vietnam
or whatever it may be, based upon your design, because
guess what, we don't have those types of workers here
in the United States. All of a sudden, your costs
go through the roof. You're not Nike. You're not Nike.
(04:23):
So you know you can't you can't absorb some of
those costs and pass them on to your customers. You
got to pay all of a sudden out of nowhere.
Not a part of your business model. Last year, you
weren't even thinking about this. All of a sudden, you
got a brand new tax on your product that you
(04:43):
want to sell.
Speaker 3 (04:46):
You think that's okay.
Speaker 2 (04:47):
I'm addressing this to all the people that think these
terms are good.
Speaker 3 (04:50):
Then you think that's all right, You think that's fine,
You think that's okay. You kidding me?
Speaker 2 (04:57):
So what's going to happen that sneaker company is and
either more likely, I mean, if they can't raise the
costs than the customers, they're gonna either shut down, or
Nike or another big sneaker manufacturer will swoop in and
buy it at an undervalued rate because they know they
know the owner doesn't have a choice. Does that that
(05:22):
seem fair to you? Doesn't to me? And again, maybe
I'm biased, Maybe I'm biased. You know, we've got clients
in fifty states all over the world. Overwhelming majority of
them are small business owners. The overwhelming majority of my
clients are small business owners. I'm sorry, I look out
for them. I am looking out for them. I'm not
(05:44):
just looking out for big business. You know what the
weird thing was to was the the argument, the uh,
the Trump's attorney, the solicitor General.
Speaker 3 (05:55):
John sour.
Speaker 2 (05:57):
He told the Supreme Court that the tariffs were not
intended to raise federal revenues, and any funds that come
in as a result of the levees are merely incidental.
And that argument is meant to counter assertions from obviously
(06:17):
the small businesses that Trump is levying attacks on Americans
through executive authority rather than relying on Congress as the
Constitution directs. And last time I checked, you know, well
the members of Congress president swears to uphold the constitution.
Did they cross their fingers with that? But the funny
(06:40):
thing is that very day when the Solicitor General is
making that point, President Trump touting the revenue his tariffs
are bringing into the US, directly contradicting his attorney's argument
that raising revenue is not the goal of the levees.
And I quote, my tariffs are bringing in one hundreds
of billions of dollars that are helping us slash the
(07:02):
deficit this year by more than fifty percent.
Speaker 3 (07:05):
Do you see those numbers.
Speaker 2 (07:06):
We're gonna be down fifty anywhere from twenty where to fifty,
but close to fifty, man, We're not going to be
anywhere close to fifty.
Speaker 3 (07:13):
Okay.
Speaker 2 (07:14):
If this, if these revenues were coming in, why are
we going Why are we thirty eight trillion dollars in
debt and two months ago we were thirty seven trillion
dollars in debt. Explain that to me. I can't get
my arms around that anyway. The whole Oh, it's an emergency,
it's a terriff emergency.
Speaker 3 (07:32):
Okay.
Speaker 2 (07:34):
Again, if Trump can declare an economic emergency and is
allowed to put tariffs tax on companies, okay, or you
know countries where companies are doing business, coming to right,
If you're if you're that is your argument, Okay, that
(07:55):
is your argument saying why you know he's gotta deal
with this stuff? And traider Okay, Okay, you know what,
Let's just say you're right. Who's to say who's to
say that President aok President aoch or President ma'am Donnie
can declare a climate emergency and start levying a carbon tax.
Speaker 3 (08:21):
They could, couldn't. They don't. Don't give me but but
but but no, it's the same thing. It's the same thing.
Speaker 2 (08:30):
I do declare, I do decree an emergency, and I
am going to a levy a tax on all companies
all products coming in from this country. I do declare,
I do decree an emergency, a climate emergency. We're gonna
have to tax carbon. It's the same argument, different things,
different emergencies, but same argument.
Speaker 3 (08:54):
Can you do you understand the moral hazard there? People? Huh?
Can you get your arms around that? Anyway? The shutdown.
I gotta get in to the shutdown. I'm disappointed. I am.
Speaker 2 (09:10):
I'm disappointed in Republicans and not taking it full advantage
of this shutdown.
Speaker 3 (09:16):
A lah rama Manuel and Obama again that rama.
Speaker 2 (09:21):
Manuel's famous quote, you know, I never let never let
a crisis go to waste. And boy, oh boy, oh boy,
did the Obama administration did his did his group of cronies?
Did they take advantage of the great financial crisis? They
took over student loans, making homes affordable, bailouts, cash for clockers.
(09:42):
I go right down the list, Well, all the things
that they did and brought Obama had it. It was
eight years in the White House, ninety nine point nine
percent of the stuff he got done in his first
two years. Why remember, he got wiped out in the
midterms in two twenty ten, got wiped out.
Speaker 3 (10:02):
Didn't matter, didn't matter.
Speaker 2 (10:05):
He could he could have just played golf for the
remaining six years of his term. For all the liberal
policies that he got through in his first two years,
Republicans have an opportunity right now to do a lot.
What are you hearing, I'm not hear anything, crickets. You
(10:29):
know what we hear about the air traffic controller problem?
Right long? What we got hat this big government shutdown?
Sean Duffy came out this past Tuesday, Warren travelers what
they could soon be facing. You will see mass fight blaze,
You'll see mass cancelations, and you may see us close
(10:49):
certain parts of the airspace because we cannot manage it.
We don't have the air traffic controllers. Let me ask
you a question, why in the world is a federal
government in charge of air traffic control?
Speaker 3 (11:00):
Was you ever ask yourself that question? Why? Why is this.
Speaker 2 (11:04):
The purview of the federal You want to have I
get it, You want to, you know, be the regulator. Okay, Well,
why can't the airlines and the airports handle this all
by themselves? I mean, this is a great opportunity to say,
you know what, Yeah, I like this problem. It's problem
(11:25):
for you know what. So We're going to privatize the
whole thing. We're going to privatize the whole you know,
how fast, yeah, how fast? You might bring Democrats to
the table if you start like letting things go to
the private sector that is under the purview of the
federal government, that would be fantastic. That's what we should
(11:48):
be doing. For crying out loud. Now, the filibuster another thing,
Trump uh Trump really had the meeting with senators this
past week. He told every Republican senator to they must
end the filibuster, he said, or nothing will be passed
for the next three plus years. To start tonight, he said,
we could pass voter ID, no mail in voting, all
(12:11):
the things make our elections secure and safe.
Speaker 3 (12:18):
My thing is this, Okay, you do that.
Speaker 2 (12:23):
And again he seemed to think that if they do
that and they get rid of the filibuster and they
just start passing all these things, then you know, the
Republicans will never lose ever again. Ah yeah, yeah, listen,
you know it's still tight. And again, I remember this,
this is when George W. Bush won and he had
(12:45):
the Senate, and they remember Russeling book called him jumping
Jim Jefferts Jim Jefferds, a senator from a Republican senator
from Vermont, switched over to being an independent and caucused
with the Democrats and then went that Senate majority. So
if you don't think that there's gonna be some horse
trading going on if something like this took place, it
(13:07):
will because you're gonna get promised all sorts of things.
If you do that, you're gonna get taken care of
for life.
Speaker 3 (13:14):
Okay.
Speaker 2 (13:14):
That's the type of power, okay that these people have.
It's frightening. Okay, And you get rid of the filibuster.
You really are playing with fire, you really are. So
say the Democrats. Democrats don't have a filibuster.
Speaker 3 (13:30):
Guess what.
Speaker 2 (13:32):
We talk about the controversy we're seeing right now with redistricting.
What if Democrats say, hey, you know what, Yeah, we're
gonna make Puerto Rico a state bata bumumbada being two
more senators right there, that would be blue badabum badabing.
We're gonna make Washington, d C. Estate another two senators
for them. They just pick up four centers lickety split. Oh,
(13:54):
we don't like to make up of the Supreme court. Yeah,
we're gonna pack that baby again. Do you see the
moral hazard here? It's, without a doubt, a major issue.
Now another thing, and I mentioned it earlier on the program.
I mentioned it, I think last week as well, talked
about it on the podcast Obamacare. Republicans are not even trying.
(14:22):
They're not even trying. I watched, I watched Mike Johnson
on CNBC on Thursday morning, and he was complaining that
Democrats are telling people that Republicans want to take get
rid of their Medicare and Obamacare. They don't even want
to get rid of it. Yeah, you should get rid
(14:44):
of Obamacare. Obamacare is a disaster, but they are so
afraid of going out there and doing their job. And well, again,
listen to people. I get it too. I've explained this
as well. These insurance companies, urance companies, but a want
of them, you know, be out of business if it
wasn't for all of our tax dollars, basically handing them
(15:05):
over subsidies. And again, these politicians love collecting checks from
insurance companies.
Speaker 3 (15:12):
Anyway, We're gonna take a break here when I get back.
Speaker 2 (15:15):
Alyssa Finley, Alissa Finley, I'm gonna give you example, how
good Rama Manual and Obama were at their jobs, how
good they were, and this Obamacare and the Blue state
bailout that's involved with this. Solissa Finley did a great
piece on this. Don't go anywhere. You're listening to the
Watchdog on Wall Street show. Watchdog on Wall Street dot.
Speaker 3 (15:36):
Com is our site.
Speaker 2 (15:37):
Take advantage of all the great stuff we have, our
personal CFO program, podcast, newsletter everything Watchdog on Wallstreet dot
com or give us a call eight hundred and four
to seven fifty eight four.
Speaker 1 (16:07):
Teaking Wall Streets, liars, crooks and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.
Speaker 3 (16:20):
Welcome back the Obamacare Blue City Bailout.
Speaker 2 (16:26):
Phenomenal piece by Alyssa Finley this past week.
Speaker 3 (16:31):
Once upon a time.
Speaker 2 (16:33):
Once upon a time, not that long ago, in the
land of Obama.
Speaker 3 (16:40):
Mayor rom Emmanuel of Chicago.
Speaker 2 (16:43):
He was, He was a boy trying to close a
three hundred and sixty nine million dollar deficit in twenty thirteen. Now,
all of a sudden, we get Obamacare.
Speaker 3 (16:56):
Yay. Oh you can keep you like a doctor, keeping doctor.
Your insurance costs are coming down. All sorts of great stuff.
Speaker 2 (17:04):
And again Ram Emmanuel said, hmmm, here's an opportunity. The
city Chicago expected to spend one hundred and ninety four
million that year subsidizing health insurance for its tirees, many
of whom were too young to qualify for Medicare.
Speaker 3 (17:22):
Again, I always laugh at this.
Speaker 2 (17:24):
Okay, uh yeah, this is city employees being able to
retire in their fifties. They can't get Medicare yet. Now,
the costs were projected to increase to five hundred and
forty million by twenty twenty three, at the same time
as pension payments were blowing up. Now, pensions are a
(17:45):
little bit different. Okay, they're legally protected. Health insurance not
so much. So what did Ram never let a crisis
go to waste take advantage of. He dumped his cities
retirees into Obama Care exchanges. This is where the federal
subsidies reduced the premiums. So Chicago's two point one billion
(18:09):
dollar unfunded retiree healthcare liability poof here, it's going liability vanished.
Now you and I, we the people, us taxpayers, we
pick up the tab for Chicago's retirees in their fifties
and early sixties.
Speaker 3 (18:29):
In the special. Aren't you excited about that?
Speaker 2 (18:34):
Yeah, it's not just Chicago, Detroit, Stockton, California. San Bernardino,
California saved billions by shifting pre Medicare retirees to Obamacare
when they all filed for Chapter nine bankruptcy in the
twenty tens. Oh man, again, you think about these things.
(19:01):
You think about the money that's being spent in the
money this way said. It drives me nuts that we've
got nothing. You got nothing in regards to anything different,
going back to catastrophic insurance, selling insurance across state lines,
all that good stuff.
Speaker 3 (19:17):
Nah nah nah.
Speaker 2 (19:19):
Oh, I got a couple of proposals there. You're not
gonna do a damn thing again. Congress, Congress pretty much
right now? Okay, they are pretty much basically, for the
most part, internet influencers. That's it. That raise money. That's
who they are. They are Internet influencers, creating content, looking
(19:43):
to draw attention to themselves and raise money so they
can climb the food chain in Washington, DC.
Speaker 3 (19:51):
That's what they do.
Speaker 2 (19:53):
Anyway, speaking of money, I got to give credit again
to Marjorie Taylor Green. She took my idea though, and
again I don't know if I came up with this first,
or somebody else did, whatever it may be.
Speaker 3 (20:05):
In regards to.
Speaker 2 (20:06):
Social media and paid social media influencers, paid social media
influencers should don't you think this would be great? Shouldn't
they have to publicly disclose who they represent? If someone
is getting paid to have an opinion or post an opinion,
wouldn't it be nice to know that they're getting paid
(20:27):
for that. I man, listen, my job, I'd lose my license.
I could never work if I got paid to push
a certain product, for crying out loud?
Speaker 1 (20:37):
What difference is that? This is important too? Watchdog on
Wallstreet dot com, We'll be back. This is the watchdog
(21:00):
on Wall Streets.
Speaker 3 (21:05):
Whatever, all right, I don't you know.
Speaker 2 (21:11):
I don't know what the game plan is down in
Venezuela with the boats being shot at again. I'm I'm
a big believer that you probably should go to Congress
if you do that. But again, as far as foreign
policy is concerned, post he ain't go pre nine eleven,
but really post nine to eleven, you call anything terrorism?
Speaker 3 (21:30):
We can vomit again. Vietnam war, police action.
Speaker 2 (21:35):
Okay, I don't know, I don't know what what Trump's
up to down there, I know, if he's just trying
to say get Maduro to just up and leave, move
to Paris or something like that, I don't know.
Speaker 3 (21:47):
I don't know.
Speaker 2 (21:47):
Maybe that that's that's a part of the plan. But
the the real issue when it comes to drugs, it's
not Colombia. It's not Venezuela. Oh yeah, they you know
drugs come from there, there's no doubt. Bolivia, we get
all that. It's been happening for a long time. It's cocaine.
And yeah, we you know, cocaine's making a comeback here
in the United States. But let's be honest here, what's
(22:10):
the real drug problem. Fentyl fatanyl trank. That's a real problem,
and that it most certainly is not coming from down
there doesn't make any sense, makes no sense whatsoever.
Speaker 3 (22:24):
It doesn't. Again, the costs of transporting are too high.
Speaker 2 (22:28):
It doesn't take up a lot of space to put together,
you know, to basically manufacture fentanyl. Actually less space than
it took Walter Wright to make crystal meth.
Speaker 3 (22:37):
And again, it was the same idea in Breaking Bad.
Speaker 2 (22:39):
This is why the Mexican cartels were loved crystal meth
it's because they could make it right there in Mexico
and they didn't need to grow the cocoa leaves, and
the costs that were involved in that at the manufacturing
cost was a hell of a lot less.
Speaker 3 (22:53):
Same thing with fentanyl.
Speaker 2 (22:55):
You're gonna do it, You're gonna do it in Mexico,
and they have been doing it in Mexico. Last weekend.
Last weekend, we had another another mayor Mexico, a fierce
critic of President Shinbaum, someone that has been pushing back
against the drug cartels, shot and killed in front of
(23:17):
his family. It was a day of the dead festivities
that were taking place down there. I can't tell you.
And again, this is amazing to me. I find it fascinating.
You know you again, you talk they always talk about
all the all the political opponents to Vladimir Putin that
end up falling out of a window at some point
(23:37):
in time.
Speaker 3 (23:38):
Do you know how much worse it is down there
in Mexico. It's not even close. It's not even close.
Speaker 2 (23:47):
You take a look at the concentration camp type places
in the bodies that are being dug up that that
place is.
Speaker 3 (23:55):
It's gross, Sorry, it is. It's disgusting.
Speaker 2 (23:59):
And without a doubt with that up their president down
there is tied into the cartails. She wants nothing to
do with going after the cartels. The don't want to
go after drug traffickers. What did you say this past
week because it's an infringement on their rights?
Speaker 3 (24:13):
Suppose?
Speaker 2 (24:14):
I mean it's this story was floated again. This is
the they do this. These are how basically the news
works at this point in time. They leak stuff to
see the reaction. And this day this was leaked from
Trump administration is planning new mission in Mexico against Cartel's.
Current and former US officials say who said it?
Speaker 3 (24:33):
Okay?
Speaker 2 (24:35):
And stories like this unless I know who's actually saying,
you know, up, they're floating. They're floating up out there
to seat trying to get some sort of reaction. That's
the problem, quite frankly, that's that's what's killing people down there.
And again, if I was president, I mentioned this, I
did a podcast on this. I put them on a
(24:57):
you know, a list of you know, dangerous countries you're
not supposed to go to. I would tell the cars
just stop going there. I would I would shut down.
I would shut down Americans of going to their their
tours about it. No more spring breaks down in Cancun.
I'd say, that's it.
Speaker 3 (25:13):
That's it.
Speaker 2 (25:13):
We're not doing anymore, not dealing with this, and see
if that, you know, starts to you know, push things.
Speaker 3 (25:19):
Do not have to put tariffs, say no, no, we.
Speaker 2 (25:21):
Don't want Americans going down there with all the drug
cartels and the vile on everything that we now we're
protecting our citizens. And then see what happens. You're gonna
have to bring pressure at some way point in time.
But the reality is is I think that these cartels
are so entrenched in everything their entire society that they're
actually they're running the country. It's a narco state. It's
(25:46):
a narco state. That's why this has never been dealt with.
This just again, we are making too much money down
there as well. We have too many products in our
manufacturer down there as well. So nothing, nothing's ever going
to be done. That's sad quite frankly. If it really
is quickly on this next story, this is great. I
(26:06):
back in two thousand and five, I'm yelling and screaming
on the show about Keilo versus the City of New London,
which was the government seizing someone's private property to hand
over to a business. I think it was Peiser, if
I can't remember correctly. If Pfiser was going to build
(26:26):
some sort of pharmaceutical plant there, and guess what, the
pharmaceutical plant never got built. And I'm saying to myself,
what I get eminent domain if you know the you know,
the municipality has to you know, highway or something important,
dam or to some degree.
Speaker 3 (26:45):
Okay, I get that.
Speaker 2 (26:46):
But for a private concern, well, the city in New
Jersey here there was a farm, Cranberry, New Jersey, and
the city wanted to take this family's arm, which had
been in their family for generations, a working farm, turn
it over to developers because they were gonna build low
income housing units. Yeah yeah, and thank god, the family
(27:13):
suit and they won. The one good story, happy story,
happy ending, happily ever after the little guy wins. I
like stories like that from time to time. Anyway, gotta
take a break. Watchdog on Wallstreet dot com. Watchdog on
Wallstreet dot com is our site. Take advantage of all
the great stuff we have, our personal CFO program, our podcast, newsletter.
(27:38):
Get there Watchdog on Wallstreet dot com or give us
a call eight hundred four seven one fifty.
Speaker 3 (27:43):
Nine eighty four.
Speaker 1 (27:46):
DEFU was the same to you, the only man who
is taking on the Wall Street establishments. You're listening to
The Watchdog and Wall Street with Chris Markowski.
Speaker 2 (28:11):
If you're not growing, you're dying now. Is that well,
it's applicable, it's applicable business. It's also applicable to municipalities
to some degree. An interesting story this past week talking
about data centers in some of the towns around the
(28:32):
country where these data centers are located. It's fascinating because
they're about one percent of the counties in the United
States have all the data centers. Obviously there's the ones
that are in northern Virginia, but they were talking about
a data center. In this case, it was a small
area in Oregon where they've been building them out like
(28:54):
gangbusters there and they see The whole story is talking
about the amount of growth if the area is seen
because they're going to be building for some time. I
guess it's it's much better to keep all the data
centers as close together as possible for efficiency. So you've
got construction workers, you've got technical people, all all these
(29:15):
others that are moving to these areas as this boom
rolls on.
Speaker 3 (29:20):
The question is what happens? What happens after the build
is done? Got a lot more to build out, a
ton more to build out.
Speaker 2 (29:29):
But what happens when that's over? Because these data centers
don't employ a lot of people. I mean they're massive,
they're big, but there's not a lot of people that
are actually working.
Speaker 3 (29:40):
In the data centers. So then what.
Speaker 2 (29:45):
Anyway, it's kind of a fascinating take on things, and
it comes to the fact that you've got you've got
to you've got to figure it out. The people within
that town have got to recognize that that's going to happen,
and they've got to have another another step. I grew
up in upstate New York, and they used to be
something called the Erie Canal, you know, from New York
(30:08):
all the way to the Great Lakes again, a waterway
project that you know, basically transported goods around the country,
and you had a lot of towns that were on
the Erie Canal. These were boom towns when the Erie
Canal was necessary. That are now, I mean bad, it's depressed.
It's I don't I don't even understand why they even
(30:28):
turned somebody's places back to nature because there's nothing there.
Speaker 3 (30:33):
Anymore that can happen.
Speaker 2 (30:36):
So, yeah, the boom is taking place in many of
these data center municipalities. Hopefully, hopefully these towns have some
leadership where they're not spending everything that's coming in because
obviously got greater tax dollars that are coming in. Even
though the data centers don't pay really property taxes.
Speaker 3 (30:52):
They pay kind of a weird little fee or usage.
Speaker 2 (30:56):
But you know the old saving money for a rainy day,
I'm saving money for the next thing or preparing for
the next thing.
Speaker 3 (31:05):
It's glad to see.
Speaker 2 (31:06):
That some of the companies building out these data centers
are putting in really interesting robotics programs and various different
computer programs in the high school. That's great, that's a
step in the right direction for the next step. But
at some point in time they're going to stop building
data centers there, and you've got to know what's next.
Watchdog on Wallstreet dot com, watchdog on wallstreet dot com,
(31:29):
We'll be back.
Speaker 1 (31:39):
Chris Markowski is the watchdog on wallstorants you should believe
(32:01):
in math, not magic. You're listening to the watchdog in
Wall Street with Chris Markowski.
Speaker 2 (32:10):
Thirty eight Special Looking Back, everybody, I wanted to share
this with you.
Speaker 3 (32:17):
This is interesting.
Speaker 2 (32:20):
We talked a lot about the high cost of college
education and some of the scams that were pulled off
by colleges and universities because of the unlimited amount of
borrowing grad students could do. We did a bit on
Columbia with their film school and many others out there
charging all of this money. Now, granted, nobody ever held
(32:43):
a gun in anybody's head and made them borrow the money.
And a lot of this money it's not even just
for tuition. I mean, that's the way it used to be.
It's the way it should be. You take out a
student loan, and that student loan should be for your tuition.
Speaker 3 (32:55):
It goes there. Ah, you can.
Speaker 2 (32:57):
Borrow my you borrows much money you want for the government.
You know, you can use it to go on vacation,
spend food on it as well. I mean, it's it's
nonsensical the racket that Obama put into place. But starting
next year, professional school borrowing, Okay, grad school is going
to be capped at fifty thousand.
Speaker 3 (33:15):
And I found this fascinating. Okay, this was a law school.
Speaker 2 (33:19):
One of the first law schools to publish their twenty
twenty six twenty twenty seven tuition Santa Clara. Last year
twenty five, twenty six, their tuition was sixty three, two
hundred and eighty dollars. That was a tuition. You know
what it's in twenty six, twenty seven, fifty thousand dollars.
(33:41):
Funny thing is they're also saying it's a scholarship. They're
calling it ay, every student is getting a pledge scholarship
of sixteen thousand dollars.
Speaker 3 (33:51):
No, man, it's not the case.
Speaker 2 (33:54):
It's just the fact that they're they're cutting back, cutting
back on the student loans.
Speaker 3 (34:00):
Again.
Speaker 2 (34:00):
This is something that I've explained before. This is how
the world works. Econ one oh one. You eliminate student loans,
no more student loans, no more student aid, all the
hand all that stuff that the government does. Colleges and
universities will have to figure out a way to price
their product based upon what people can afford to pay.
(34:23):
That's it. That's how it works. Subsidies raise the price
of everything anyway. Jason Riley, great columnist. This is one
of those stories I read. I was like, this is
awesome because it was basically very similar to one of
the ideas that we've put forth here in this country
(34:44):
in regards to reforming education in our middle schools and
our high schools around the country.
Speaker 3 (34:51):
With the you know, they're talking about the grades being.
Speaker 2 (34:52):
Bad, and I've made it perfectly clear here on the
program that it well, it matter, parents matter, parents don't care,
the kids are not going to care.
Speaker 3 (35:03):
Well.
Speaker 2 (35:03):
He wrote a story about this school in Mississippi called
the Piney Woods School. Now, Mississippi has had its problems
with education well, and I that another problem. A defining
feature of Mississippi's past its violent and persistent opposition to
black civil rights and a kid by the fourteen year
(35:26):
old Emmett Till was lynched in nineteen fifty five. It's
where segregationists over a black Air Force veteran James Marriage
attempt to integrate the University of Mississippi. In sixty two,
during Jim Crow, Mississippi's black voter registration rate was the
lowest in the region. Now, the good news, Mississippi, which
is home to the highest percentage of black residents of
(35:47):
any state, has made very good strides regarding educational achievement.
Ten years ago, it was forty ninth among fourth graders
and reading proficiency currently at ranks ninth among low income students.
It ranks first first among black students, at ranks third.
The Piney Woods School was founded in nineteen oh nine
to educate descendants of former slaves and is now the
(36:09):
nation's oldest historically black boarding school. This school taking kids
from Mississippi, California, Texas, Illinois, Florida, Nebraska, Georgia some other
countries as well. It exemplifies black education success. The president
(36:32):
of the school, Will Crosley, grew up on the South
side of Chicago in the nineteen eighties. Was raised by
his mother after his parents split. Said, I was approaching
my teen years. I'm in the seventh grade. This is Chicago.
You're confronting problems. I never joined a gang, but you're
confronting recruitment efforts. You get chased home enough times, you
start looking for a group that's going to take care
(36:52):
of you, off of you, some kind of protection. His
mother learned about the Piney Woods from another member of
her church. He enrolled. He enrolled in the eighth grade.
After graduating, went to University of Chicago, taught local public schools.
Later earned a master's from Harvard in a law degree
from the University of Virginia. Not too shabby, and he's
(37:13):
convinced that it was piney Wood's that was his lifeline.
He was bothered by the fact that some people got
an opportunity but many others didn't. And again he talked
about how the many of them are incarcerated, a disparity
of opportunity which drove him as a college student and
later as a graduate student. The approach there no nonsense.
(37:37):
Expectations are high dress code, daily chapel attendance is mandatory.
The role of faith in what we do is important,
a mandatory chores, developing a work ethic as part of
the curriculum, part of what we're teaching kids now. Granted, Okay,
physical plane at this place, it's not you know, it's
(37:57):
not Deerfield, it's not Taft, it's not growing. Okay, needs
a lot of repair and work on the physical plan.
You take a look though, you know, the average household
income of this one of the students round forty thousand bucks.
These kids attend on scholarships finance through family foundation, corporate sponsors,
(38:20):
individual donors, and a small endownment that covers about ten
percent of the school's operating expenses. I'm looking at this,
I'm lo at this and all of the success that's
going along with this school, and I'm saying to myself,
I'm saying, why why aren't there ten thousand of these
schools around the country. Why aren't we going full bore
(38:41):
on something that we know will work. I've talked about
this here on the program, Boarding schools for at risk kids,
getting them out of bad environments. It's a game changer.
Ever want to break that loop of dependency. We need
more of these, But again, I don't think the teachers'
unions will appreciate it. Just saying, have a wonderful, wonderful
(39:07):
week everyone, God bless you all. Watchdog on Wallstreet dot
com We'll see.
Speaker 3 (39:12):
You next week.
Speaker 1 (39:14):
Inside you're listening to the Watchdog on Wall Street
Well, no one altered investment banking, consumer advocate analyst trader
Chris Markowski is the watchdog Wall Street? Do you want
to answer exposing the lies and myths that the big
brokerage firms, the mainstream press, and the government are pushing
to keep Americans away from financial freedom. You can't handle
(00:29):
the true bringing America the truth about what really happens
in the financial world.
Speaker 2 (00:34):
Ladies and gentlemen. 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 2 (00:44):
All right, welcome back, Welcome back everybody, and it's the watchdog
on Wall Street show.
Speaker 3 (00:50):
I want to get into.
Speaker 2 (00:53):
Supreme Court this past week with the tariff situation. I
warned about this back during Liberation Day and what was
going to take place.
Speaker 3 (01:07):
I said that this doesn't make any sense.
Speaker 2 (01:10):
The fact that you have people coming out and saying
a tariff is not a tax, forced tax? What else
is it? Okay, it's tax. Again, that's the purview of Congress.
Quite frankly, and again you get all of these members
of Congress that they know that this is the case,
(01:31):
but they're so afraid of Donald Trump is so afraid
of the Donald Trump machine. Again, you take a look
at Thomas Massey, who votes his conscience and the constitution.
And Donald Trump has sicked three billionaires after him, three
billionaires after him because he wants to release the Epstein files.
Speaker 3 (01:53):
That's the reality, is it not?
Speaker 2 (01:56):
But anyway, based upon on what was said the conversation
at the Supreme Court, the overall assessment is that the
tariffs are on very shaky ground, a lot of skepticism,
without a doubt.
Speaker 3 (02:17):
And again, the the.
Speaker 2 (02:19):
Lawyer, lawyer for the president had a real, real difficult time.
And again, if you don't believe me, go and watch
it yourself. Go and watch it yourself. You had Scott
Bessett and Commerce Secretary of Howard Lutnik. They were among
those in the audience. Trump did not attend. The hearing
(02:41):
ran nearly three hours. Again, the the challengers, the ones
who are the planets in this case, small businesses, small businesses.
And if we cannot be sympathetic to small businesses here
in this country, and I've talked about this, BEFO for
the number one job engine in the United States has
(03:03):
always been small business businesses that were started within the
last five years. Large companies hire and fire. But traditionally
it's always come from small business, small businesses, where innovation
comes from. Why do we want to hurt small businesses?
And that's what tariffs do. Like I said earlier, Okay,
(03:24):
for example, you are a you're a small upstart. Let's
see here a small upstart shoe sneaker, sneaker company here
in the United States.
Speaker 3 (03:36):
Say it's some some kid.
Speaker 2 (03:38):
Some kid was a marathon runner, track runner, and he
started his own sneaker company. Gee, kind of like Phil
Knight did from Nike when Phil Knight was selling Nikes
out of the trunk of his car. It's good to
have startup companies. Well, all of a sudden, the sneak
(04:01):
the sneakers that you may have been manufacturing in Vietnam
or whatever it may be, based upon your design, because
guess what, we don't have those types of workers here
in the United States. All of a sudden, your costs
go through the roof. You're not Nike. You're not Nike.
(04:23):
So you know you can't you can't absorb some of
those costs and pass them on to your customers. You
got to pay all of a sudden out of nowhere.
Not a part of your business model. Last year, you
weren't even thinking about this. All of a sudden, you
got a brand new tax on your product that you
(04:43):
want to sell.
Speaker 3 (04:46):
You think that's okay.
Speaker 2 (04:47):
I'm addressing this to all the people that think these
terms are good.
Speaker 3 (04:50):
Then you think that's all right, You think that's fine,
You think that's okay. You kidding me?
Speaker 2 (04:57):
So what's going to happen that sneaker company is and
either more likely, I mean, if they can't raise the
costs than the customers, they're gonna either shut down, or
Nike or another big sneaker manufacturer will swoop in and
buy it at an undervalued rate because they know they
know the owner doesn't have a choice. Does that that
(05:22):
seem fair to you? Doesn't to me? And again, maybe
I'm biased, Maybe I'm biased. You know, we've got clients
in fifty states all over the world. Overwhelming majority of
them are small business owners. The overwhelming majority of my
clients are small business owners. I'm sorry, I look out
for them. I am looking out for them. I'm not
(05:44):
just looking out for big business. You know what the
weird thing was to was the the argument, the uh,
the Trump's attorney, the solicitor General.
Speaker 3 (05:55):
John sour.
Speaker 2 (05:57):
He told the Supreme Court that the tariffs were not
intended to raise federal revenues, and any funds that come
in as a result of the levees are merely incidental.
And that argument is meant to counter assertions from obviously
(06:17):
the small businesses that Trump is levying attacks on Americans
through executive authority rather than relying on Congress as the
Constitution directs. And last time I checked, you know, well
the members of Congress president swears to uphold the constitution.
Did they cross their fingers with that? But the funny
(06:40):
thing is that very day when the Solicitor General is
making that point, President Trump touting the revenue his tariffs
are bringing into the US, directly contradicting his attorney's argument
that raising revenue is not the goal of the levees.
And I quote, my tariffs are bringing in one hundreds
of billions of dollars that are helping us slash the
(07:02):
deficit this year by more than fifty percent.
Speaker 3 (07:05):
Do you see those numbers.
Speaker 2 (07:06):
We're gonna be down fifty anywhere from twenty where to fifty,
but close to fifty, man, We're not going to be
anywhere close to fifty.
Speaker 3 (07:13):
Okay.
Speaker 2 (07:14):
If this, if these revenues were coming in, why are
we going Why are we thirty eight trillion dollars in
debt and two months ago we were thirty seven trillion
dollars in debt. Explain that to me. I can't get
my arms around that anyway. The whole Oh, it's an emergency,
it's a terriff emergency.
Speaker 3 (07:32):
Okay.
Speaker 2 (07:34):
Again, if Trump can declare an economic emergency and is
allowed to put tariffs tax on companies, okay, or you
know countries where companies are doing business, coming to right,
If you're if you're that is your argument, Okay, that
(07:55):
is your argument saying why you know he's gotta deal
with this stuff? And traider Okay, Okay, you know what,
Let's just say you're right. Who's to say who's to
say that President aok President aoch or President ma'am Donnie
can declare a climate emergency and start levying a carbon tax.
Speaker 3 (08:21):
They could, couldn't. They don't. Don't give me but but
but but no, it's the same thing. It's the same thing.
Speaker 2 (08:30):
I do declare, I do decree an emergency, and I
am going to a levy a tax on all companies
all products coming in from this country. I do declare,
I do decree an emergency, a climate emergency. We're gonna
have to tax carbon. It's the same argument, different things,
different emergencies, but same argument.
Speaker 3 (08:54):
Can you do you understand the moral hazard there? People? Huh?
Can you get your arms around that? Anyway? The shutdown.
I gotta get in to the shutdown. I'm disappointed. I am.
Speaker 2 (09:10):
I'm disappointed in Republicans and not taking it full advantage
of this shutdown.
Speaker 3 (09:16):
A lah rama Manuel and Obama again that rama.
Speaker 2 (09:21):
Manuel's famous quote, you know, I never let never let
a crisis go to waste. And boy, oh boy, oh boy,
did the Obama administration did his did his group of cronies?
Did they take advantage of the great financial crisis? They
took over student loans, making homes affordable, bailouts, cash for clockers.
(09:42):
I go right down the list, Well, all the things
that they did and brought Obama had it. It was
eight years in the White House, ninety nine point nine
percent of the stuff he got done in his first
two years. Why remember, he got wiped out in the
midterms in two twenty ten, got wiped out.
Speaker 3 (10:02):
Didn't matter, didn't matter.
Speaker 2 (10:05):
He could he could have just played golf for the
remaining six years of his term. For all the liberal
policies that he got through in his first two years,
Republicans have an opportunity right now to do a lot.
What are you hearing, I'm not hear anything, crickets. You
(10:29):
know what we hear about the air traffic controller problem?
Right long? What we got hat this big government shutdown?
Sean Duffy came out this past Tuesday, Warren travelers what
they could soon be facing. You will see mass fight blaze,
You'll see mass cancelations, and you may see us close
(10:49):
certain parts of the airspace because we cannot manage it.
We don't have the air traffic controllers. Let me ask
you a question, why in the world is a federal
government in charge of air traffic control?
Speaker 3 (11:00):
Was you ever ask yourself that question? Why? Why is this.
Speaker 2 (11:04):
The purview of the federal You want to have I
get it, You want to, you know, be the regulator. Okay, Well,
why can't the airlines and the airports handle this all
by themselves? I mean, this is a great opportunity to say,
you know what, Yeah, I like this problem. It's problem
(11:25):
for you know what. So We're going to privatize the
whole thing. We're going to privatize the whole you know,
how fast, yeah, how fast? You might bring Democrats to
the table if you start like letting things go to
the private sector that is under the purview of the
federal government, that would be fantastic. That's what we should
(11:48):
be doing. For crying out loud. Now, the filibuster another thing,
Trump uh Trump really had the meeting with senators this
past week. He told every Republican senator to they must
end the filibuster, he said, or nothing will be passed
for the next three plus years. To start tonight, he said,
we could pass voter ID, no mail in voting, all
(12:11):
the things make our elections secure and safe.
Speaker 3 (12:18):
My thing is this, Okay, you do that.
Speaker 2 (12:23):
And again he seemed to think that if they do
that and they get rid of the filibuster and they
just start passing all these things, then you know, the
Republicans will never lose ever again. Ah yeah, yeah, listen,
you know it's still tight. And again, I remember this,
this is when George W. Bush won and he had
(12:45):
the Senate, and they remember Russeling book called him jumping
Jim Jefferts Jim Jefferds, a senator from a Republican senator
from Vermont, switched over to being an independent and caucused
with the Democrats and then went that Senate majority. So
if you don't think that there's gonna be some horse
trading going on if something like this took place, it
(13:07):
will because you're gonna get promised all sorts of things.
If you do that, you're gonna get taken care of
for life.
Speaker 3 (13:14):
Okay.
Speaker 2 (13:14):
That's the type of power, okay that these people have.
It's frightening. Okay, And you get rid of the filibuster.
You really are playing with fire, you really are. So
say the Democrats. Democrats don't have a filibuster.
Speaker 3 (13:30):
Guess what.
Speaker 2 (13:32):
We talk about the controversy we're seeing right now with redistricting.
What if Democrats say, hey, you know what, Yeah, we're
gonna make Puerto Rico a state bata bumumbada being two
more senators right there, that would be blue badabum badabing.
We're gonna make Washington, d C. Estate another two senators
for them. They just pick up four centers lickety split. Oh,
(13:54):
we don't like to make up of the Supreme court. Yeah,
we're gonna pack that baby again. Do you see the
moral hazard here? It's, without a doubt, a major issue.
Now another thing, and I mentioned it earlier on the program.
I mentioned it, I think last week as well, talked
about it on the podcast Obamacare. Republicans are not even trying.
(14:22):
They're not even trying. I watched, I watched Mike Johnson
on CNBC on Thursday morning, and he was complaining that
Democrats are telling people that Republicans want to take get
rid of their Medicare and Obamacare. They don't even want
to get rid of it. Yeah, you should get rid
(14:44):
of Obamacare. Obamacare is a disaster, but they are so
afraid of going out there and doing their job. And well, again,
listen to people. I get it too. I've explained this
as well. These insurance companies, urance companies, but a want
of them, you know, be out of business if it
wasn't for all of our tax dollars, basically handing them
(15:05):
over subsidies. And again, these politicians love collecting checks from
insurance companies.
Speaker 3 (15:12):
Anyway, We're gonna take a break here when I get back.
Speaker 2 (15:15):
Alyssa Finley, Alissa Finley, I'm gonna give you example, how
good Rama Manual and Obama were at their jobs, how
good they were, and this Obamacare and the Blue state
bailout that's involved with this. Solissa Finley did a great
piece on this. Don't go anywhere. You're listening to the
Watchdog on Wall Street show. Watchdog on Wall Street dot.
Speaker 3 (15:36):
Com is our site.
Speaker 2 (15:37):
Take advantage of all the great stuff we have, our
personal CFO program, podcast, newsletter everything Watchdog on Wallstreet dot
com or give us a call eight hundred and four
to seven fifty eight four.
Speaker 1 (16:07):
Teaking Wall Streets, liars, crooks and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.
Speaker 3 (16:20):
Welcome back the Obamacare Blue City Bailout.
Speaker 2 (16:26):
Phenomenal piece by Alyssa Finley this past week.
Speaker 3 (16:31):
Once upon a time.
Speaker 2 (16:33):
Once upon a time, not that long ago, in the
land of Obama.
Speaker 3 (16:40):
Mayor rom Emmanuel of Chicago.
Speaker 2 (16:43):
He was, He was a boy trying to close a
three hundred and sixty nine million dollar deficit in twenty thirteen. Now,
all of a sudden, we get Obamacare.
Speaker 3 (16:56):
Yay. Oh you can keep you like a doctor, keeping doctor.
Your insurance costs are coming down. All sorts of great stuff.
Speaker 2 (17:04):
And again Ram Emmanuel said, hmmm, here's an opportunity. The
city Chicago expected to spend one hundred and ninety four
million that year subsidizing health insurance for its tirees, many
of whom were too young to qualify for Medicare.
Speaker 3 (17:22):
Again, I always laugh at this.
Speaker 2 (17:24):
Okay, uh yeah, this is city employees being able to
retire in their fifties. They can't get Medicare yet. Now,
the costs were projected to increase to five hundred and
forty million by twenty twenty three, at the same time
as pension payments were blowing up. Now, pensions are a
(17:45):
little bit different. Okay, they're legally protected. Health insurance not
so much. So what did Ram never let a crisis
go to waste take advantage of. He dumped his cities
retirees into Obama Care exchanges. This is where the federal
subsidies reduced the premiums. So Chicago's two point one billion
(18:09):
dollar unfunded retiree healthcare liability poof here, it's going liability vanished.
Now you and I, we the people, us taxpayers, we
pick up the tab for Chicago's retirees in their fifties
and early sixties.
Speaker 3 (18:29):
In the special. Aren't you excited about that?
Speaker 2 (18:34):
Yeah, it's not just Chicago, Detroit, Stockton, California. San Bernardino,
California saved billions by shifting pre Medicare retirees to Obamacare
when they all filed for Chapter nine bankruptcy in the
twenty tens. Oh man, again, you think about these things.
(19:01):
You think about the money that's being spent in the
money this way said. It drives me nuts that we've
got nothing. You got nothing in regards to anything different,
going back to catastrophic insurance, selling insurance across state lines,
all that good stuff.
Speaker 3 (19:17):
Nah nah nah.
Speaker 2 (19:19):
Oh, I got a couple of proposals there. You're not
gonna do a damn thing again. Congress, Congress pretty much
right now? Okay, they are pretty much basically, for the
most part, internet influencers. That's it. That raise money. That's
who they are. They are Internet influencers, creating content, looking
(19:43):
to draw attention to themselves and raise money so they
can climb the food chain in Washington, DC.
Speaker 3 (19:51):
That's what they do.
Speaker 2 (19:53):
Anyway, speaking of money, I got to give credit again
to Marjorie Taylor Green. She took my idea though, and
again I don't know if I came up with this first,
or somebody else did, whatever it may be.
Speaker 3 (20:05):
In regards to.
Speaker 2 (20:06):
Social media and paid social media influencers, paid social media
influencers should don't you think this would be great? Shouldn't
they have to publicly disclose who they represent? If someone
is getting paid to have an opinion or post an opinion,
wouldn't it be nice to know that they're getting paid
(20:27):
for that. I man, listen, my job, I'd lose my license.
I could never work if I got paid to push
a certain product, for crying out loud?
Speaker 1 (20:37):
What difference is that? This is important too? Watchdog on
Wallstreet dot com, We'll be back. This is the watchdog
(21:00):
on Wall Streets.
Speaker 3 (21:05):
Whatever, all right, I don't you know.
Speaker 2 (21:11):
I don't know what the game plan is down in
Venezuela with the boats being shot at again. I'm I'm
a big believer that you probably should go to Congress
if you do that. But again, as far as foreign
policy is concerned, post he ain't go pre nine eleven,
but really post nine to eleven, you call anything terrorism?
Speaker 3 (21:30):
We can vomit again. Vietnam war, police action.
Speaker 2 (21:35):
Okay, I don't know, I don't know what what Trump's
up to down there, I know, if he's just trying
to say get Maduro to just up and leave, move
to Paris or something like that, I don't know.
Speaker 3 (21:47):
I don't know.
Speaker 2 (21:47):
Maybe that that's that's a part of the plan. But
the the real issue when it comes to drugs, it's
not Colombia. It's not Venezuela. Oh yeah, they you know
drugs come from there, there's no doubt. Bolivia, we get
all that. It's been happening for a long time. It's cocaine.
And yeah, we you know, cocaine's making a comeback here
in the United States. But let's be honest here, what's
(22:10):
the real drug problem. Fentyl fatanyl trank. That's a real problem,
and that it most certainly is not coming from down
there doesn't make any sense, makes no sense whatsoever.
Speaker 3 (22:24):
It doesn't. Again, the costs of transporting are too high.
Speaker 2 (22:28):
It doesn't take up a lot of space to put together,
you know, to basically manufacture fentanyl. Actually less space than
it took Walter Wright to make crystal meth.
Speaker 3 (22:37):
And again, it was the same idea in Breaking Bad.
Speaker 2 (22:39):
This is why the Mexican cartels were loved crystal meth
it's because they could make it right there in Mexico
and they didn't need to grow the cocoa leaves, and
the costs that were involved in that at the manufacturing
cost was a hell of a lot less.
Speaker 3 (22:53):
Same thing with fentanyl.
Speaker 2 (22:55):
You're gonna do it, You're gonna do it in Mexico,
and they have been doing it in Mexico. Last weekend.
Last weekend, we had another another mayor Mexico, a fierce
critic of President Shinbaum, someone that has been pushing back
against the drug cartels, shot and killed in front of
(23:17):
his family. It was a day of the dead festivities
that were taking place down there. I can't tell you.
And again, this is amazing to me. I find it fascinating.
You know you again, you talk they always talk about
all the all the political opponents to Vladimir Putin that
end up falling out of a window at some point
(23:37):
in time.
Speaker 3 (23:38):
Do you know how much worse it is down there
in Mexico. It's not even close. It's not even close.
Speaker 2 (23:47):
You take a look at the concentration camp type places
in the bodies that are being dug up that that
place is.
Speaker 3 (23:55):
It's gross, Sorry, it is. It's disgusting.
Speaker 2 (23:59):
And without a doubt with that up their president down
there is tied into the cartails. She wants nothing to
do with going after the cartels. The don't want to
go after drug traffickers. What did you say this past
week because it's an infringement on their rights?
Speaker 3 (24:13):
Suppose?
Speaker 2 (24:14):
I mean it's this story was floated again. This is
the they do this. These are how basically the news
works at this point in time. They leak stuff to
see the reaction. And this day this was leaked from
Trump administration is planning new mission in Mexico against Cartel's.
Current and former US officials say who said it?
Speaker 3 (24:33):
Okay?
Speaker 2 (24:35):
And stories like this unless I know who's actually saying,
you know, up, they're floating. They're floating up out there
to seat trying to get some sort of reaction. That's
the problem, quite frankly, that's that's what's killing people down there.
And again, if I was president, I mentioned this, I
did a podcast on this. I put them on a
(24:57):
you know, a list of you know, dangerous countries you're
not supposed to go to. I would tell the cars
just stop going there. I would I would shut down.
I would shut down Americans of going to their their
tours about it. No more spring breaks down in Cancun.
I'd say, that's it.
Speaker 3 (25:13):
That's it.
Speaker 2 (25:13):
We're not doing anymore, not dealing with this, and see
if that, you know, starts to you know, push things.
Speaker 3 (25:19):
Do not have to put tariffs, say no, no, we.
Speaker 2 (25:21):
Don't want Americans going down there with all the drug
cartels and the vile on everything that we now we're
protecting our citizens. And then see what happens. You're gonna
have to bring pressure at some way point in time.
But the reality is is I think that these cartels
are so entrenched in everything their entire society that they're
actually they're running the country. It's a narco state. It's
(25:46):
a narco state. That's why this has never been dealt with.
This just again, we are making too much money down
there as well. We have too many products in our
manufacturer down there as well. So nothing, nothing's ever going
to be done. That's sad quite frankly. If it really
is quickly on this next story, this is great. I
(26:06):
back in two thousand and five, I'm yelling and screaming
on the show about Keilo versus the City of New London,
which was the government seizing someone's private property to hand
over to a business. I think it was Peiser, if
I can't remember correctly. If Pfiser was going to build
(26:26):
some sort of pharmaceutical plant there, and guess what, the
pharmaceutical plant never got built. And I'm saying to myself,
what I get eminent domain if you know the you know,
the municipality has to you know, highway or something important,
dam or to some degree.
Speaker 3 (26:45):
Okay, I get that.
Speaker 2 (26:46):
But for a private concern, well, the city in New
Jersey here there was a farm, Cranberry, New Jersey, and
the city wanted to take this family's arm, which had
been in their family for generations, a working farm, turn
it over to developers because they were gonna build low
income housing units. Yeah yeah, and thank god, the family
(27:13):
suit and they won. The one good story, happy story,
happy ending, happily ever after the little guy wins. I
like stories like that from time to time. Anyway, gotta
take a break. Watchdog on Wallstreet dot com. Watchdog on
Wallstreet dot com is our site. Take advantage of all
the great stuff we have, our personal CFO program, our podcast, newsletter.
(27:38):
Get there Watchdog on Wallstreet dot com or give us
a call eight hundred four seven one fifty.
Speaker 3 (27:43):
Nine eighty four.
Speaker 1 (27:46):
DEFU was the same to you, the only man who
is taking on the Wall Street establishments. You're listening to
The Watchdog and Wall Street with Chris Markowski.
Speaker 2 (28:11):
If you're not growing, you're dying now. Is that well,
it's applicable, it's applicable business. It's also applicable to municipalities
to some degree. An interesting story this past week talking
about data centers in some of the towns around the
(28:32):
country where these data centers are located. It's fascinating because
they're about one percent of the counties in the United
States have all the data centers. Obviously there's the ones
that are in northern Virginia, but they were talking about
a data center. In this case, it was a small
area in Oregon where they've been building them out like
(28:54):
gangbusters there and they see The whole story is talking
about the amount of growth if the area is seen
because they're going to be building for some time. I
guess it's it's much better to keep all the data
centers as close together as possible for efficiency. So you've
got construction workers, you've got technical people, all all these
(29:15):
others that are moving to these areas as this boom
rolls on.
Speaker 3 (29:20):
The question is what happens? What happens after the build
is done? Got a lot more to build out, a
ton more to build out.
Speaker 2 (29:29):
But what happens when that's over? Because these data centers
don't employ a lot of people. I mean they're massive,
they're big, but there's not a lot of people that
are actually working.
Speaker 3 (29:40):
In the data centers. So then what.
Speaker 2 (29:45):
Anyway, it's kind of a fascinating take on things, and
it comes to the fact that you've got you've got
to you've got to figure it out. The people within
that town have got to recognize that that's going to happen,
and they've got to have another another step. I grew
up in upstate New York, and they used to be
something called the Erie Canal, you know, from New York
(30:08):
all the way to the Great Lakes again, a waterway
project that you know, basically transported goods around the country,
and you had a lot of towns that were on
the Erie Canal. These were boom towns when the Erie
Canal was necessary. That are now, I mean bad, it's depressed.
It's I don't I don't even understand why they even
(30:28):
turned somebody's places back to nature because there's nothing there.
Speaker 3 (30:33):
Anymore that can happen.
Speaker 2 (30:36):
So, yeah, the boom is taking place in many of
these data center municipalities. Hopefully, hopefully these towns have some
leadership where they're not spending everything that's coming in because
obviously got greater tax dollars that are coming in. Even
though the data centers don't pay really property taxes.
Speaker 3 (30:52):
They pay kind of a weird little fee or usage.
Speaker 2 (30:56):
But you know the old saving money for a rainy day,
I'm saving money for the next thing or preparing for
the next thing.
Speaker 3 (31:05):
It's glad to see.
Speaker 2 (31:06):
That some of the companies building out these data centers
are putting in really interesting robotics programs and various different
computer programs in the high school. That's great, that's a
step in the right direction for the next step. But
at some point in time they're going to stop building
data centers there, and you've got to know what's next.
Watchdog on Wallstreet dot com, watchdog on wallstreet dot com,
(31:29):
We'll be back.
Speaker 1 (31:39):
Chris Markowski is the watchdog on wallstorants you should believe
(32:01):
in math, not magic. You're listening to the watchdog in
Wall Street with Chris Markowski.
Speaker 2 (32:10):
Thirty eight Special Looking Back, everybody, I wanted to share
this with you.
Speaker 3 (32:17):
This is interesting.
Speaker 2 (32:20):
We talked a lot about the high cost of college
education and some of the scams that were pulled off
by colleges and universities because of the unlimited amount of
borrowing grad students could do. We did a bit on
Columbia with their film school and many others out there
charging all of this money. Now, granted, nobody ever held
(32:43):
a gun in anybody's head and made them borrow the money.
And a lot of this money it's not even just
for tuition. I mean, that's the way it used to be.
It's the way it should be. You take out a
student loan, and that student loan should be for your tuition.
Speaker 3 (32:55):
It goes there. Ah, you can.
Speaker 2 (32:57):
Borrow my you borrows much money you want for the government.
You know, you can use it to go on vacation,
spend food on it as well. I mean, it's it's
nonsensical the racket that Obama put into place. But starting
next year, professional school borrowing, Okay, grad school is going
to be capped at fifty thousand.
Speaker 3 (33:15):
And I found this fascinating. Okay, this was a law school.
Speaker 2 (33:19):
One of the first law schools to publish their twenty
twenty six twenty twenty seven tuition Santa Clara. Last year
twenty five, twenty six, their tuition was sixty three, two
hundred and eighty dollars. That was a tuition. You know
what it's in twenty six, twenty seven, fifty thousand dollars.
(33:41):
Funny thing is they're also saying it's a scholarship. They're
calling it ay, every student is getting a pledge scholarship
of sixteen thousand dollars.
Speaker 3 (33:51):
No, man, it's not the case.
Speaker 2 (33:54):
It's just the fact that they're they're cutting back, cutting
back on the student loans.
Speaker 3 (34:00):
Again.
Speaker 2 (34:00):
This is something that I've explained before. This is how
the world works. Econ one oh one. You eliminate student loans,
no more student loans, no more student aid, all the
hand all that stuff that the government does. Colleges and
universities will have to figure out a way to price
their product based upon what people can afford to pay.
(34:23):
That's it. That's how it works. Subsidies raise the price
of everything anyway. Jason Riley, great columnist. This is one
of those stories I read. I was like, this is
awesome because it was basically very similar to one of
the ideas that we've put forth here in this country
(34:44):
in regards to reforming education in our middle schools and
our high schools around the country.
Speaker 3 (34:51):
With the you know, they're talking about the grades being.
Speaker 2 (34:52):
Bad, and I've made it perfectly clear here on the
program that it well, it matter, parents matter, parents don't care,
the kids are not going to care.
Speaker 3 (35:03):
Well.
Speaker 2 (35:03):
He wrote a story about this school in Mississippi called
the Piney Woods School. Now, Mississippi has had its problems
with education well, and I that another problem. A defining
feature of Mississippi's past its violent and persistent opposition to
black civil rights and a kid by the fourteen year
(35:26):
old Emmett Till was lynched in nineteen fifty five. It's
where segregationists over a black Air Force veteran James Marriage
attempt to integrate the University of Mississippi. In sixty two,
during Jim Crow, Mississippi's black voter registration rate was the
lowest in the region. Now, the good news, Mississippi, which
is home to the highest percentage of black residents of
(35:47):
any state, has made very good strides regarding educational achievement.
Ten years ago, it was forty ninth among fourth graders
and reading proficiency currently at ranks ninth among low income students.
It ranks first first among black students, at ranks third.
The Piney Woods School was founded in nineteen oh nine
to educate descendants of former slaves and is now the
(36:09):
nation's oldest historically black boarding school. This school taking kids
from Mississippi, California, Texas, Illinois, Florida, Nebraska, Georgia some other
countries as well. It exemplifies black education success. The president
(36:32):
of the school, Will Crosley, grew up on the South
side of Chicago in the nineteen eighties. Was raised by
his mother after his parents split. Said, I was approaching
my teen years. I'm in the seventh grade. This is Chicago.
You're confronting problems. I never joined a gang, but you're
confronting recruitment efforts. You get chased home enough times, you
start looking for a group that's going to take care
(36:52):
of you, off of you, some kind of protection. His
mother learned about the Piney Woods from another member of
her church. He enrolled. He enrolled in the eighth grade.
After graduating, went to University of Chicago, taught local public schools.
Later earned a master's from Harvard in a law degree
from the University of Virginia. Not too shabby, and he's
(37:13):
convinced that it was piney Wood's that was his lifeline.
He was bothered by the fact that some people got
an opportunity but many others didn't. And again he talked
about how the many of them are incarcerated, a disparity
of opportunity which drove him as a college student and
later as a graduate student. The approach there no nonsense.
(37:37):
Expectations are high dress code, daily chapel attendance is mandatory.
The role of faith in what we do is important,
a mandatory chores, developing a work ethic as part of
the curriculum, part of what we're teaching kids now. Granted, Okay,
physical plane at this place, it's not you know, it's
(37:57):
not Deerfield, it's not Taft, it's not growing. Okay, needs
a lot of repair and work on the physical plan.
You take a look though, you know, the average household
income of this one of the students round forty thousand bucks.
These kids attend on scholarships finance through family foundation, corporate sponsors,
(38:20):
individual donors, and a small endownment that covers about ten
percent of the school's operating expenses. I'm looking at this,
I'm lo at this and all of the success that's
going along with this school, and I'm saying to myself,
I'm saying, why why aren't there ten thousand of these
schools around the country. Why aren't we going full bore
(38:41):
on something that we know will work. I've talked about
this here on the program, Boarding schools for at risk kids,
getting them out of bad environments. It's a game changer.
Ever want to break that loop of dependency. We need
more of these, But again, I don't think the teachers'
unions will appreciate it. Just saying, have a wonderful, wonderful
(39:07):
week everyone, God bless you all. Watchdog on Wallstreet dot
com We'll see.
Speaker 3 (39:12):
You next week.
Speaker 1 (39:14):
Inside you're listening to the Watchdog on Wall Street
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