Episode Transcript
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Speaker 1 (00:07):
Well known authored investment banker, consumer advocate, candalyst, trainer Chris
Markowski is the watchdog.
Speaker 2 (00:15):
The Wall Street.
Speaker 3 (00:16):
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.
You can't handle the true bringing America the truth about
what really happens in the financial world.
Speaker 4 (00:34):
Ladies and gentlemen.
Speaker 5 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:39):
This is the watchdog Wall Streets.
Speaker 6 (00:44):
All right, we're gonna we're gonna talk a little bit
about real estate, housing and some of it the utter
pundit stupidity out there. Again, they're trying to shove, they're
trying to of this big load of bs down the
country's throats because they're trying to protect the money to
(01:06):
interest in private equity and other big players out there
that have absolutely destroyed the housing market here in the
United States. You're you're being told, being told, and these
these people are paid and again, I don't know, it's
another example of having an ethical bypass at birth. Like spokespeople,
(01:28):
how does one how do you actually act as a
spokes person for any I don't care any sort of interest, agency, uh,
whatever it may be, and knowingly just go out and lie.
Maybe they're not maybe they're just not that bright, and
they're they're good at, you know, just feeding lines out there.
(01:49):
How do you go home and look your kids in
the eye, kiss your kids, knowing that your job is
just to go out there and gaslight people. And you're
getting that, You're getting that all the time. Right now,
we're being told the only ours save the housing market
here in the United States is we need.
Speaker 7 (02:07):
To build more housing.
Speaker 6 (02:10):
That's anyway, Moore supply that's out there upright?
Speaker 7 (02:14):
Sure? Sure, I mean Moore supply.
Speaker 6 (02:16):
Right have you have you taken look taking a look
out there at the vacancies, take a look at the
empty homes out there all across the country.
Speaker 7 (02:28):
We have right now?
Speaker 6 (02:29):
Okay, again, they have the nerve, they have the nerve,
and they again you don't even have again, a lot
a lot of these these so called journalists and anchors
out there. Again, they don't know what the hell they're doing.
It's not like they're doing their homework. They need to
be spoon fed everything too. If it's not in the
teleprompter in front of them. They're not going to think
it through.
Speaker 7 (02:49):
Most of them.
Speaker 6 (02:49):
They're not, especially when it comes to things in terms
of finance. We have the highest inventory of homes right
now in the country's two thousand and seven.
Speaker 7 (03:03):
How is the we Again, simple question, mister pundit.
Speaker 6 (03:06):
For the home builders or person pitching this line of
bs from this group or whatever it may be, you're saying, Oh,
we don't have enough homes out there, we need to
build more. Well, why is it that we have the
highest inventory since two thousand and seven?
Speaker 7 (03:22):
Again?
Speaker 6 (03:22):
I sometimes I'm watching these things on TV, and my
wife thinks I'm crazy because I start yelling at the
television because I'm asking questions that the so called journalists
won't ask. I want to see how bad it is
out there right now, more seventy year olds, more seventy
year olds than thirty five year olds, have bought homes
(03:45):
in twenty twenty five. But we have a society where
we've managed to screw things sow up with all of
the all of the ridiculous spending in government, all of
the printing, all of the emergencies that we have all
(04:06):
the time, all of this nonsense. Look at what we
have done again, inventory one point nine million sellers to
one point four million possible buyers. You guys do understand
supply and demand. Right, We've talked about this. We told
(04:31):
you this was going to happen. We loud corporations, loud corporations,
private equity companies like Blackstone to just come in and
buy up everything. Entire neighborhoods, entire neighborhoods. I am going
to explain to you right now the scam. I'm going
(04:54):
to explain to you the scam. And again this could
be explained on national TV. Will they do it?
Speaker 3 (05:01):
No?
Speaker 6 (05:02):
I want to remind you of something that the World
Economic Form was pitching for some time. You will own
nothing and be happy Davos World Economic Form. Oh if
you don't think that Blackstone and all these private equity
companies were there, they know exactly what they're doing. They
(05:26):
bought up hundreds of thousands of homes, hundreds of thousands
of homes, they could outbid anyone, and they pay cash.
And you're saying, holl wait a second, Chris, Well, you
know you know what if they can't rather, they're keeping
these rents high on these homes, and you know they're
(05:49):
they're empty. Well, you know, if they're empty, they're empty.
They can write that off. Tax laws will help them.
And they still don't even have to write down the
value of the property. They hold property in their portfolio,
in their fund, and the people that own that fund,
guess what, are paying paying a fee based upon the
(06:11):
fake value of that fund. Do you get it? They
put the price on these things, They control them. They
have algorithms that determine these rents. Kids can't afford this stuff.
We've gone over this here on the program. Blackstone can
(06:36):
pay cash for this. This is different than two thousand and eight,
two thousand and nine when the interest rates interest rates
reset and people that bought adjustable rate mortgages couldn't afford.
They can hold on to these things and they're getting paid.
They're getting paid a fee because they're in their fund.
Speaker 7 (06:57):
How is this good? How is this for the country? Again?
Speaker 6 (07:02):
I want the president to succeed. I want him to
do well. This is such an easy fix. This is
such an easy fix. It's it's incredible. It would be
a piece of cake.
Speaker 7 (07:19):
Again.
Speaker 6 (07:20):
The hard part is the hard part is that the
big money players aren't gonna like it. The country as
a whole that you couldn't you couldn't not be behind.
I mean, everybody would have to be behind this. Ron
DeSantis here in the state of Florida has been eluding,
alluding to getting rid of property taxes here in the state.
Speaker 7 (07:41):
Again.
Speaker 6 (07:41):
I hate property taxes. I hate them. Why because it's nonsensical,
quite frankly. You never own your own home. You're always
you're always a surf on the lord's manor if you
don't pay your property taxes, they come take your house.
How do you actually own anything? It's sick, quite frankly.
And it's the same reason why we've talked about this
here on the program. Why senior citizens gotta go out
(08:02):
and take reverse mortgages sold to them by Tom Selleck
or somebody else to pay their bills because they can't
afford them anymore because the property taxes have gone.
Speaker 7 (08:10):
Up in the value of their home has gone up.
Speaker 6 (08:14):
They might want, we love to downsize, maybe go go
get a condo, something small or something easier to manage.
But if they do that up, gee whiz Okay, their
property taxes are gonna reset.
Speaker 7 (08:24):
They're not able to afford that.
Speaker 6 (08:27):
If you allowed for owner no property taxes for owner
occupied homes.
Speaker 7 (08:35):
I don't care.
Speaker 6 (08:36):
How I know, you know, say, oh, if it's you
make a goodness amount of money, no for anybody, No
property taxes for owner occupied homes. And you raise the
taxes on corporate houses. Oooh, you're gonna You're gonna squeeze Blackstone.
You're gonna squeeze these private equity companies.
Speaker 7 (08:56):
Make them feel it.
Speaker 6 (08:59):
May feel hey, hey, hey, hey, they brought a world
or hurt on the country and they knew exactly what
they were doing, exactly what they were doing. You know what,
I want property values to drop. People thought, well, were
you You're gonna do that. They're gonna sol those homes.
They're gonna hit the market. Property values are gonna drop,
(09:21):
so good. Let them drop. Let them drop.
Speaker 7 (09:26):
I want people to be able to afford a home.
Speaker 6 (09:29):
I don't want people having to spend an exorbitant amount
of their income every single month on housing. That's not
good for the economy. Let the housing market drop. It's
only supposed to go up at about the rate of inflation.
It's been manipulated up. You want to talk about them monopoly,
They monopolize the housing market here in the United States,
(09:53):
the sooner we put the screws to these guys that
are better off, we're gonna be. But hey, don't forget
write big checks. These companies right, very big checks to politicians.
So don't hold your breath. I'm sure, don't hold your breath.
Do I think that anyone's going to hold their feet
(10:13):
to the fire.
Speaker 7 (10:14):
I don't know. I don't know.
Speaker 6 (10:16):
Maybe enough people will get angry, maybe it'll come up
with something.
Speaker 7 (10:21):
But again, these are very very powerful individuals. This is
this is the Davos crowd.
Speaker 6 (10:28):
Yeah, the whole Davos crowd, the whole you know, it's
the Bond Villain collection, the Bond Villain collection.
Speaker 7 (10:35):
You'll own nothing and you'll be happy, right right.
Speaker 6 (10:39):
I'm sure all these young people that have a very
difficult time affording an apartment, can't afford a home, arrested development,
can't get married, can't have kids, can't afford to do
it because of the way that they've handled the housing market.
That that's good for the country. Now, it sucks, quite frankly,
and it could it could be dealt with, could be
dealt with in a partisan fashion. But once again, now
(11:04):
that they write checks, they write checks to both donkeys
and elephants got to take a break. Watchdog on Wallstreet
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Become a part of the Watchdog on Wall Street family again,
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Speaker 7 (11:25):
Or give us a call eight hundred and four seven
nine eighty four. We'll be back.
Speaker 2 (11:36):
Ukraine, Russia, Zelenski putin the EU. Oh my, now that
I've covered the news media's spectrum of understanding, let's talk
about what President Trump is actually working to accomplish the
reduction of Moscow's dependence on China through energy, Arctic shipping
trade deals and cause Europe to own this hot mess
of their making and the war. Yes, while bettering Americas macurity.
(12:00):
He seeks healthy international trade for more so preferred over
warhawk military power or China's autocratic soft power piece through strength. Absolutely,
but he knows a stable and lasting piece is found
in trade. It's win win negotiations. Watching news report on
the negotiations is laughable. They cannot report meaningful facts of
(12:22):
all involved. Only President Trump and his team knows the
current situation. The news does what they do best report
their agenda as if it's the news. Come find us
at the mic at show dot com and tell us
what you think.
Speaker 5 (12:36):
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Speaker 8 (13:37):
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Speaker 1 (14:47):
Bringing America financial freedom, one listener at a time. You're
listening to The Watchdog on Wall Street with Chris Markowski quarterback.
Speaker 7 (14:57):
Warterback it is I've only only watched Dog all Street.
Speaker 6 (15:00):
You're always honored to have you tuned into the program
on Talk a little bit, because again we do foreign
policy here often on the program New Listeners, we cover everything.
I want to talk a little bit about Russia, Ukraine, Europe,
the meetings that took place. If you're watching, well, you're
(15:21):
watching these various different cable news programs out there, You're
going to get depending on which one you're listening to,
you're gonna get that that station's interpretation. It's the way
it is, the way the news is handled today. Not
a lot of deep thinkers out there again. They cater
to hey, all cater to people here on the right,
(15:42):
all cater to people here on the left. And we
won't do our real job and actually asking difficult questions
and calling it like we see it. But that's again,
that's what we've become here. I don't know. I don't know.
I've I've gotten some bits of information, some things that
are out there, certain sides saying, oh geez, well, you know,
(16:03):
was it a disappointment?
Speaker 7 (16:04):
Was it this? With that let's parade?
Speaker 6 (16:06):
All of these so called experts on these programs to
give you basically nothing because they don't know, they're feeling time.
Speaker 7 (16:12):
Again. It's television people, it's television show. They don't know.
What I do know is that I am hoping and praying,
hoping and praying that.
Speaker 6 (16:22):
It ends, the killing ends. And I don't know, I
don't think. I really don't believe that Donald Trump is
a fan of war. I really don't.
Speaker 7 (16:36):
I do.
Speaker 6 (16:38):
I don't know why he's constantly you know, basically campaigning
for a Nobel Peace Prize again, who I don't understand
why you want a Nobel prize in the first place.
Kind of giving it to Obama for nothing, kind of
you know, you know Obama got the Nobel Peace Prize
for nothing. That absolutely still got it. Doesn't It kind
(16:59):
of cheapen the whole thing in of itself.
Speaker 7 (17:02):
It does. It's that's Trump and his nature. I just
don't get it. It's not me. Yeah, a little little humility, yeah, yeah,
we're ending these wars.
Speaker 6 (17:11):
Let other people, Let other people sing your praises, and
God will I hope he accomplishes this.
Speaker 7 (17:17):
I do because it's awful. It's awful.
Speaker 6 (17:21):
They're telling us what the death toll is and I
don't believe it at all. It's obviously much much worse
what I did take. What I did take, it was
from this and again, nobody else is talking about this
is you got that picture, got that picture in the
Oval office where you've got all the heads of you know,
various different European countries sitting in a little semi circle
(17:45):
around the around the resolute desk. The only one, the
only one that looked kind of defiant, like she didn't
care was and I love her is Georgia Maloney said,
you're a laying back in her chair, had her arms crossed.
What does this tell you? What does this tell you
(18:06):
about the state of the world, Well, Europe, Europe really
doesn't have much going on at this point in time.
And you know what was fascinating too, is to take
a look at the countries that were there. These many
of the countries that were there. Italy is doing much
but much much better, starting growing. Some of the Scandinavian
(18:27):
countries with the UK, France, Germany, they're not doing well
at all. They're not doing well at all. They're their
own worst enemy. What's interesting is the countries that are
really doing well in Europe happen to be the ones
that are closest to Russia, Poland, Hungary, Estonia, all these
(18:52):
countries over there, their economies are kicking, they are growing. Okay,
they want no part, They no part of that German, French,
UK socialist nonsense. And I mentioned this last hour. We're
talking about the UK. The UK is an app it's
it's it's a joke, it really is. This is this
(19:16):
is interesting and I saw this. America's stock market dominance
is an emergency for Europe. London Stock Exchange overhauled the
ceremony for welcome new companies to its ranks last year,
adding confetti, Cannon's slick videos and cinematic music, and has
mostly been used for such events as product launches and anniversaries.
(19:39):
Do you know how many companies went public devaluation and
the London Stock Exchange this past year?
Speaker 7 (19:46):
Two d and eight million. That's it. We bring in more.
Speaker 6 (19:52):
Assets than Markowski Investments than they do taking companies public
on the London Stole Exchange, and the same thing holds
through throughout Europe. You compare that to the United States, right,
not to mention the fact some of the actual companies,
some companies that are actually doing things in Europe. Yeah,
they're basically giving the heisman to the London Stock Exchange
(20:14):
and the European stock exchanges and they want to list
here in the United States.
Speaker 7 (20:21):
Again, they're lost, They're lost. And again.
Speaker 6 (20:26):
I love Europe, I do, I do, But like I've
been saying for some time, it has become it's like
a Disney World for adults. It's beautiful. Countries have got
great artists in businesses, but what else you got going on?
Where are your tech companies? Where are your AI companies?
(20:49):
Are you innovating at all? Hey, I get it. Yeah,
you get supercars there in Italy and whatnot, and you
know fashion very you know, a couple of things here
and there, but for the most part nothing. Now I'm
not saying this right now. Again, I saw that picture,
and that's what I was thinking the entire time. I said, man,
(21:09):
Europe is weak. Think of more people than we have.
For crying out loud, how did you screw this up?
We've talked about this here on the program. They were
kind of close with us going back twenty years ago.
Look where they are now. Fall off a cliff. This
is what socialism does. This is what we have to
learn from. This is what we cannot become. You know,
(21:32):
I saw that and I'm thinking about it. I'm not again,
I'm not spiking the football.
Speaker 7 (21:37):
Okay.
Speaker 6 (21:37):
I know our position in the world. And again, what
this means in regards to valuations here in the United
States something I've talked about before. People start bringing up Ah,
look at the evaluations of these American companies and compare
it to this, so that whatever it may be, I
get all that.
Speaker 7 (21:55):
But we're living in a different world.
Speaker 6 (21:58):
I mean in Vidios, Nvidia's entire valuation is almost the
entire size of the London Stock Exchange.
Speaker 7 (22:06):
Think about that. But I also think.
Speaker 6 (22:10):
About, like what we just talked about, you know, the
housing situation here in the United States, and how the
youth are having a very very difficult time. I saw
this story about how you know, fewer young people are
meeting five milestones typically associated with adulthood.
Speaker 7 (22:29):
We do not want to fall into their trap.
Speaker 6 (22:34):
We don't want to do that, and we have to
start dealing with some of our issues people that we have.
We have to start dealing with housing. We have to
stop talking kids and to take it out. One hundred
and fifty two hundred thousand dollars in student loans to
get a degree. We got to explain to them return
(22:55):
on investment. You know, the default rate is for student
loans right now, it's asked almost over a quarter of
a billion dollars in student loans are are in default,
our delinquent at this point in time. No, No, we
need to We need to make sure that our kids
can see the light at the end of the tunnel
(23:18):
unless we want to end up like that, sitting at
the semi circle at China's Resolute Desk.
Speaker 7 (23:24):
Someday. Watchdog on Wallstreet dot Com.
Speaker 6 (23:28):
Watchdog at wallstreet dot Com again, our personal CFO program, podcast, newsletter,
all sorts of great stuff.
Speaker 7 (23:35):
Watchdog on Wallstreet dot Com. We'll be back.
Speaker 1 (23:39):
You're listening to the Watchdom on Wall Street taking Wall
(24:01):
Streets liars, drooks and cheeks out behind the woodshed. You're
listening to the Watchdog on Wall Street.
Speaker 6 (24:10):
Welcome back a member of Congresswoman that again. I take
an issue with her in the past in regards to
her conduct, and I don't like the I don't.
Speaker 7 (24:27):
Like some of the nasty nonsense that goes on. To me,
it's just ridiculous.
Speaker 6 (24:30):
It's embarrassing to our country for whatever reason I don't know. Again,
she's turned over a new leaf and the things that
she's saying right now Again she's coming over to the
Rand Paul Thomas Massey side, which I'm a big fan of.
Speaker 7 (24:51):
That's Marjorie Taylor Green.
Speaker 6 (24:54):
Marjorie Taylor Green been spun on on many things, things
that we've talked about in the podcast in regards to
Israel and foreign wars and a myriad of other things.
She put on another tweet this week, I want to
give a shout out to we need to completely abolish
property taxes. It forces us to pay rent to the
government on property that we are own. Yes, Marjorie, I've
(25:15):
been saying that for years. Secondly, health insurance is a
giant scam that has become completely unaffordable and it doesn't
make any sense. And I don't know anyone, and I
mean anyone who supports the current healthcare system in the
United States. She's not wrong, she's not wrong. This is
another another one of our weak spots, one of our
(25:40):
weak spots as a country. And I knew this was
going to happen. I knew it was going to happen.
I fought very, very hard here on this program against Obamacare,
and I knew what a disaster it was going to be.
And it's worse, it really is. It's worse. It's awful,
(26:02):
and we all know it's awful. I went back and
I took a look and took a look at what
my health insurance costs were prior to Obamacare.
Speaker 7 (26:15):
I had it. It was great.
Speaker 6 (26:18):
I had high deductible health insurance, high deductible health insurance.
Know what the deductible was fifty six hundred dollars coupled
with a health savings account, which at the time was
fifty six hundred dollars. My insurance payments right before Obamacare,
totals altogether with the HSA payment was included about seven
(26:39):
eight thousand. So I talked about seven eight thousand dollars
a year for again insurance ensure. Anything over family family
of five, anything over healthcare expenses over fifty six hundred dollars,
it was.
Speaker 7 (26:50):
Covered, was covered.
Speaker 3 (26:52):
Again.
Speaker 6 (26:53):
I put fifty six hundred dollars my health savings account,
lowered my top line. Fantastic, great, super easier, didn't have
to deal with so many problems with the insurance companies
and referrals and all this crap. And now we've got
ourselves a bloody disaster. It is, it's an absolute joke.
Speaker 7 (27:13):
I spend now my.
Speaker 6 (27:15):
Insurance premiums, my insurance for a family of fives, well
over thirty thousand dollars a year with a fifteen thousand
dollars deductible. Again, well, why can't I just have Why
can't I just have please okay, catastrophic insurance? Why oh no,
(27:37):
because it's a racket now and they have you okay,
not to mention, the entire healthcare system and of itself
has become one big giant scam nonprofit hospitals.
Speaker 7 (27:48):
Oh, I have a nonprofit hospital.
Speaker 6 (27:51):
You know that the amount of money spent annually on
investment management fees to Wall Street to Wall Street firms
manage nonprofit hospital endowments and reserves actually exceeds what these
nonprofit hospitals spend on charity care for patients.
Speaker 7 (28:10):
Don't believe me, look it up.
Speaker 6 (28:13):
You know you non profit hospitals and health systems collect
more revenue each year from parking fees, cafeterias, and gift
shops then they spend on charity care. Oh yeah, Oh
I again, this is what four years ago. Four years ago,
(28:34):
I had a pretty bad accident and h basically, my
nose was cut in half.
Speaker 7 (28:40):
I may you know, had to go to the hospital.
Speaker 6 (28:43):
Obviously had a plastic So I go to the emergency
room and again I get there at eight o'clock at night,
and uh gee whiz, I didn't end up getting seen
until five o'clock in the morning.
Speaker 7 (28:54):
My face has fallen off neither here nor there.
Speaker 6 (28:57):
You know that they didn't have a single water fountain
in this nonprofit hospital, nothing nothing, and they are people
coming in there that don't have any money, they're poor.
I spent the night feeding people and buying people water
in this nonprofit hospital because they didn't even put a.
Speaker 7 (29:15):
Water fountain in the waiting room of the emergency room.
Shame on them.
Speaker 6 (29:20):
Oh yeah, oh, because they're owned by you know, a
private equity, either private equity or their nonprofit.
Speaker 3 (29:27):
Right.
Speaker 7 (29:28):
Sure. Oh those bills you get from your doctor, those
big bills.
Speaker 6 (29:32):
You think it's your doctor that's collecting that money, right?
Speaker 7 (29:38):
Sure?
Speaker 5 (29:38):
Uh?
Speaker 6 (29:39):
People, you know how many surgeons and doctors I have
as clients all over the country. It's all middleman that's
collecting all this. It's all a big scam. Even a
journal wrote a story this past week talking about these
phantom patients on Obamacare. Twelve million enrollees, and Obamacare don't
even bother to use. There's so ubsidized insurance and guess
(30:01):
what the insurance companies keep the money. It's become completely ridiculous.
How many people out there, how many people out there
have gotten a you know, a referral from your doctor
and have it rejected by your insurance company. And you
got to beg borrow and plead and speak to some
child out in the middle of the country somewhere that
(30:22):
didn't go to medical school and try to convince them.
Speaker 7 (30:26):
To let you go see the specialists that you're supposed
to see.
Speaker 6 (30:29):
I quit on all of it. I didn't bother anymore.
I just you know, my kid hurts himself playing college sports.
Need to have an MRI or something like that, and
you know, oh, nope, you gotta wait for the approval
for the MRI. You mean to tell me the orthopedic
surgeon that just ordered the MRI, he doesn't count. I
gotta wait to hear from the insurance company several days
(30:52):
to get an Okay, forget it, I'll just pay cash.
She's not wrong. I've been saying this as well. We
don't have we haven't had health insurance. They call it insurance.
It's like I keep using that scene from The Princess
Bride with a Nigo Montoya. Oh you keep using that word.
I don't think it means what you think it means.
(31:13):
We don't have insurance here in the United States. We
have one big