December 14, 2025 • 39 mins
Chris Markowski, the Watchdog on Wall Street, discusses various pressing economic issues, including the role of government in economic growth, the impact of tariffs, state governance, immigration, and drug trafficking. He emphasizes the importance of financial freedom and the need for individuals to take charge of their economic futures while critiquing government policies that hinder growth and prosperity.
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Episode Transcript
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Speaker 1 (00:06):
Well, no one altered. The investment banker, consumer advocate, analyst,
trader Chris Markowski is the watch dog.
Speaker 2 (00:15):
On the wall street.
Speaker 1 (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 3 (00:34):
Ladies and gentlemen.
Speaker 2 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:39):
This is the watchdog on wall streets.
Speaker 2 (00:44):
No talking about the free market and getting getting the
government out of the way.
Speaker 4 (00:52):
They were interviewing the governor of Kentucky and.
Speaker 2 (00:57):
This past week and he's up there and he's talking
about and I think they were talking about inflation and
the Biden economy.
Speaker 4 (01:05):
And he's trying to defend Joe Biden.
Speaker 2 (01:08):
So Joe Biden was you know, he's invested in evs
and Pubison. He's trying to build the economy of tomorrow.
Here's a Joe Biden was building the economy of tomorrow. Yeah, yeah,
an eighty year old plus guy is going to start
building the economy of tomorrow.
Speaker 4 (01:30):
Again.
Speaker 2 (01:30):
These these politicians, bless their heart.
Speaker 4 (01:35):
Okay, if you want to go and build here's Andy.
Speaker 2 (01:39):
You know, Biden, anybody out there you want to go
build the economy tomorrow, go build it.
Speaker 4 (01:45):
Don't go to Washington, d C.
Speaker 2 (01:47):
That's not your job.
Speaker 4 (01:49):
Entails.
Speaker 2 (01:49):
Okay, governments don't build anything. The governments that do build stuff. Yeah,
why don't you take a look at you know, all
the great great Soviet cars. How about I remember back
in the day they actually brought them to the United States,
the Yugoslavian car, the UGO. Oh yeah, you look at
(02:11):
that thing sideways. It would fall apart. Building the economy
of tomorrow. Again, this is it's unfortunate, but you lefties
really don't really seem to.
Speaker 4 (02:25):
Have a grasp on this.
Speaker 2 (02:28):
There's no supercomputer, there's no AI, there's no quantum computer
that's going to be able to figure out the trillions
of transactions that happened between human beings on any given day,
or an idea that somebody decides to take the ball
and run with at some point in time.
Speaker 4 (02:46):
I mentioned Netflix, you know Netflix by on it. You know,
do you remember Netflix? You know how Netflix got started?
Speaker 2 (02:53):
Netflix got started, The CEO got ticked off, ticked off
because he returned a Blockbuster video late and he got
a forty dollars late fee. And he came up the
idea of sending DVDs in the mail to people. That's
how Netflix got started. Okay, young people out there, Amazon
(03:13):
all they used to do. Go back and take a
look at Jeff Bezos. Okay, before he was jacked, he
was like he looked look back at day, he looked
like he was right out of you know, Revenge of
the Nerds for crying out loud. He sold books online.
How quaint take a look at them?
Speaker 3 (03:31):
Now?
Speaker 4 (03:32):
What you think the government could do something like that?
Speaker 3 (03:37):
The governor?
Speaker 2 (03:38):
All right, right, the government government who can't even can't
even account for Obamacare ninety percent ninety percent falsified document.
I mean, they can't keep track of that name one
thing that they do well in an efficient manner that
makes any sense.
Speaker 4 (03:56):
You can't.
Speaker 2 (03:58):
You can't.
Speaker 4 (04:00):
Don't build the economy of tomorrow.
Speaker 2 (04:03):
We do you listen, if the people listening to this
program that are not working for the government, we build
the economy of tomorrow. We are the ones that are
responsible for creative destruction. We couldn't even save astronauts up
in space. Elon Musk had to do that. Elon Musk
(04:29):
had to do that.
Speaker 4 (04:29):
And you know what the funny thing was to do.
Speaker 2 (04:30):
We found out after the fact that they could have
come down even earlier, but Biden wouldn't allow it because
it would look bad for him.
Speaker 4 (04:36):
Didn't want it happening.
Speaker 2 (04:39):
I'm not you make it this up because he was
supporting Trump at the time and it was his election
was on. This is how screwed up these people are.
This is how demented, how twisted they are, how lost
they are.
Speaker 4 (04:53):
Build the economy of tomorrow. Give me a break. You
guys couldn't run a lemonade stand for crying out loud.
Speaker 2 (05:01):
Anyway.
Speaker 4 (05:02):
I gotta talk a little bit about uh Trump. He
took his uh well.
Speaker 2 (05:08):
He's taking a stand up routine on the road, that's right.
You know, his uh chief of staff there happens to
think that, oh, we're gonna have to nationalize the midterms.
Trump has got to go out onto the campaign trail.
Speaker 4 (05:24):
And he's gotta he's gotta go out there and sell.
Speaker 2 (05:27):
And he went to Pennsylvania, Pocono's Mountains mount Airy Casino
there and facts, uh, it wasn't full it wasn't full. Okay,
the the Democrats, and this is what they're they're pushing this.
(05:51):
You know, prices have not come down. Prices have not
come and again this is how much they this is
how much. You don't know whether or not they're dumb
or they just think that we the people are dumb.
Speaker 4 (06:05):
They keep putting out these charts.
Speaker 2 (06:09):
Charts of the price of groceries, charts of price of beef,
various different things, and it's got this big, big swing
up when it comes to prices.
Speaker 4 (06:19):
All the Democrats are putting these things.
Speaker 2 (06:21):
Now look at this little price is going up. Oh
my god. But if you look at the chart, the
majority of the price increases happened when.
Speaker 4 (06:31):
Under Biden.
Speaker 2 (06:34):
That's just facts. Facts. I mean, guys, listeners program, you
remember me jumping up and down screaming about the FED
and this transitory inflation nonsense.
Speaker 4 (06:46):
And how bad this is going to be.
Speaker 2 (06:48):
And how we you know, Biden had to print all
this stupid money. We had the Chips Act, we had
the uh, what was it, the Inflation Reduction Act, which
it actually the act exactly opposite happened. They actually had
the gall This is again I don't know how you.
Speaker 4 (07:03):
People are not disgusted with these people.
Speaker 2 (07:05):
They had the gall to call it the Inflation Reduction
Act when it was going to accomplish the exact opposite,
which it did.
Speaker 4 (07:15):
Anyway, anyway, the President has to stop.
Speaker 2 (07:23):
He has to stop going out and telling everybody that
they're wrong, that prices are down, are coming down. Prices
are not coming down. Prices are still going up. They're
not going up at the rates that they were, but
they're still going up. Yes, gas has come down, Gas
(07:46):
has come down to some degree, but for most items. No, no, again,
people aren't dumb.
Speaker 3 (07:59):
They're not dumb.
Speaker 2 (07:59):
You got to.
Speaker 3 (08:00):
Stop telling no, you're wrong.
Speaker 2 (08:03):
No, no, no, no, you know, as you know, pouring
rain on your head outside, No it's not raining.
Speaker 3 (08:08):
Everything's no.
Speaker 2 (08:11):
Just be honest with them and talk to people about
the steps you're going to do to bring these prices down.
Am my humble opinion. I think the president President's probably
probably secretly is hoping that the Supreme Court rules on
(08:31):
these tariffs and makes them null. Avoid that was a
massive mistake. You want to talk about it, unforced, I
mean and unforced right there. That was a huge mistake.
You had everything going in the right direction, and you
pull this one out of a hat, and you keep
telling everybody how great these tariffs are, and nobody's buying it. Man,
(08:57):
outside of your your true cult believers out there, talk
to a small business owner and ask them about tariffs.
And it's not just the tariffs, it's just the uncertainty
that goes along with them. And then yet you go
on to you you point people out, what is it
that I happen to disagree with? Often? I've been on
(09:20):
television with him, Peter Shiff I guess he was on
Fox and Friends and just talking about prices going up,
and you know, Trump whole tweet, Hi, Fosh.
Speaker 3 (09:29):
And friends are heading in the wrong direction.
Speaker 2 (09:31):
Out because somebody disagrees with you. What's wrong with you?
Speaker 3 (09:36):
Again?
Speaker 4 (09:37):
I don't understand this quite frankly.
Speaker 2 (09:40):
I get people disagree with me and have a conversation
without trying to eviscerate them. I understand, and I'm gonna
get the blowback with Tariffskin. Yes, tariffs can be used
when people are taking advantage, and again in that manner,
but when you go across the board, they haven't work.
(10:03):
That's why you've had to lower them. And then you
go out and stop making untrue statements saying that these
tariffs are helping farmers.
Speaker 3 (10:11):
Find me a farmer anywhere.
Speaker 2 (10:13):
That's saying the tariffs are helping them.
Speaker 3 (10:15):
The farmers are freaking out.
Speaker 2 (10:19):
They're freaking out. This is why you got to give
away another twelve billion dollars. They don't mind everybody. Trump's
first term, Trump's first term, he had a hand out
twenty eight billion dollars to farmers because of tariffs. I
had an idea, why don't get we rid of our
stupid socialist mechanism when it comes to food here in
(10:41):
this country. Not to mention the fact the power that
we've allowed given to the various different feed companies that
control all of this, that can just bring their costs up.
They can they can basically move their cost based upon
the market. Oh, farmers starting to make a little bit
too much money, We'll.
Speaker 3 (10:58):
Just raise the price of feed.
Speaker 2 (10:59):
And they do that because there's no competition, because they're monopolies.
For crying out loud, these these these are the things
that upset the apple cart. These are the things that
can actually bring prices down. You did a great job
when it came to getting get rid of the cafe standards,
on cars. Fantastic, But I got an idea. Okay, why
(11:24):
don't we get rid of ethanol?
Speaker 3 (11:27):
Ethanol?
Speaker 2 (11:27):
Yes, yes, I said it. Make sure your auto mileage.
Worse can ruin your engine. And you know the people
must people will realize this. Do you understand that we
have farmland the size of the state of Michigan that
were just growing corn for ethanol.
Speaker 4 (11:46):
I'm not making that up.
Speaker 2 (11:49):
Now, I'm gonna the land mass the size of the
state of Michigan in this country is being used to
grow corn that were not goinging to eat.
Speaker 3 (12:03):
Why.
Speaker 4 (12:03):
Well, know those farmers are doing well because they get subsidized.
Speaker 2 (12:08):
They again, they have automatic they again rule government rules.
We have to blend their their product into fuel with
something that everybody.
Speaker 4 (12:18):
Has to buy.
Speaker 2 (12:20):
What a racket?
Speaker 4 (12:23):
What a racket?
Speaker 2 (12:26):
And again I mentioned this earlier on in the year,
and people didn't believe me. People didn't believe. No, way
that's true. True, don't work, It couldn't happen. Oh really yeah, Uh,
Canter Fitzgerald, this was Howard Lutnick's Donald Trump's Commerce secretary,
Howard Lutnik.
Speaker 4 (12:45):
Who used to run Canter Fitzgerald. His kids run the firm.
Speaker 2 (12:49):
Now, yeah, they created a way for investors. I'm not
making this up to bet that Donald Trump's tear traffs
will be struck down in court. Oh yeah, Traders at
the firm's investment banking subsidiary have the capacity to buy
(13:10):
the rights to hundreds of millions of dollars in potential
refunds from companies who have paid Trump's tariffs. Yeah, this
is a thing now.
Speaker 5 (13:23):
Ah No, No, nothing shady going on. There, nothing to
see here. People, China had record exports, We put tariffs on.
China's had record exports. Countries that we used to do
business with are diversifying outside of the United States and
(13:47):
going elsewhere.
Speaker 4 (13:50):
Again. I understand, I understand you want.
Speaker 2 (13:53):
To use tariffs to work with bad actors, and you
can use them as such. But I mean, for crying
out loud, I mean you, honestly the people. You honestly
think most toys are coming from China. That's where they're made,
They have the entire processeste Does anybody think that those
things are coming back to the United States. Anybody think
(14:15):
at all that these factors will ever come back to
the United States.
Speaker 4 (14:18):
We can't get workers to work in those places.
Speaker 2 (14:20):
We're crying on and we couldn't get auto workers to
work outside of Atlanta at the Hyundai plant that they
had to bring in workers from South Korea.
Speaker 3 (14:29):
So stop.
Speaker 4 (14:31):
We need to continue to do what we do well.
Speaker 2 (14:35):
I'm not I'm not opening first so I can have people,
you know, put wheels on toy cars here in the
United States. It makes no sense. Trump needs to focus
yes on affordability. Okay, it's not a hoax. Explain to
the American people what you're going to do to bring
(14:56):
prices down. Have a plan and people, we'll back you
again and your approval ratings will come up. They're in
the thirties. You need to turn this around. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com, ken get
to our website, a personal CFO program and work with
(15:21):
the Markowski family.
Speaker 4 (15:23):
Watchdog on Wallstreet dot com.
Speaker 2 (15:25):
And personal CFO programs, our podcast, our newsletter, all sorts
of great stuff.
Speaker 4 (15:30):
Watchdog on Wallstreet dot com.
Speaker 1 (15:33):
Lovely weather for a slave right together with you.
Speaker 5 (15:38):
Popsid Snow.
Speaker 1 (15:51):
You should believe in math not magic. You're listening to
the Watchdog and Wall Street with Chris Markowski.
Speaker 2 (16:01):
I haven't explained this before here on the program, A
lot of people are, and rightfully so, up in arms
about this story. You got the Housing Urban Development Secretary
Scott turn telling that illegal aliens received federally backed mortgages
during the Biden Harris years.
Speaker 4 (16:25):
Doesn't surprise me.
Speaker 2 (16:26):
They probably have been getting them under the Trump's first years,
They've probably been getting them under Obama, probably getting them
under Bush before them. Nobody really checks, nobody really does
their job, and now they're bringing this up right now
(16:47):
the problem quite frankly again despite the fact that again
we're subsidizing illegal aliens mortgages. Again, it's disgusting, but you
want to solve the or one way to solve the problem. Again,
I this is one of the more difficult things that
I've had to explain over the years here on the program,
and to this day, people still don't seem to understand.
(17:11):
Anytime the government gets involved, anytime the government subsidizes anything,
the price goes up.
Speaker 4 (17:21):
Without fail. This was had to be two thousand and nine.
Two thousand and nine, I was a guest on CNN.
Speaker 2 (17:31):
It was on Don Lemon's program on Don Lemon's program,
and the topic was the high cost of college and
affordability with college going back to two thousand and nine. Okay,
and again, but I think at the time we were
discussing because Obama was taken over student loans. Remember that
(17:51):
part of Obamacare. Government's taken over a student loan program.
And I said, on the program. And again, they didn't
even know how to deal with me, didn't even know
how to I asked, I've completely stunned them. I said,
you want the cost of college to come down. I
want the cost of college to come down. You do
that by getting rid of student loans. You get rid
of student aid, and the price will come down because
(18:15):
colleges and universities will have to price their product based
upon what people can afford to pay. That's how the
market works. It's how it works. I could open up
a coffee shop, for example, and if I want to
sell a cup of coffee for fifty dollars a cup, Yeah,
(18:36):
I might get some arrogant jerk who thinks that the
coffee is the best because they're buying it at fifty
dollars a cup. I might sell a couple of them.
But do you think that I would sell enough to
stay in business. No, this is what competition is all about.
And again, oh, my God, I got, I gotta go back.
(18:56):
I have to save all of my emails, the hate
emails that I got from people all over the country.
Speaker 3 (19:01):
The only rich people we're gonna be able to afford,
the gumn movement, and again the knee jerk reaction.
Speaker 2 (19:07):
Knee jerk without thinking about what.
Speaker 4 (19:09):
I had to say.
Speaker 2 (19:12):
You stop subsidizing thing. The price will come down.
Speaker 4 (19:16):
Why do we have to have an fha woll.
Speaker 2 (19:18):
It's about getting people in the homes. The government can
subsidize and buy these loans and up and people get in.
What would happen if they didn't? What would happen if
they didn't? Would people stop building homes? Would they stop
selling homes? Here us one for you? What if we
got I again, they were floating that ridiculous idea of
(19:41):
a fifty year mortgage.
Speaker 4 (19:42):
Dumb, the dumb, dumb, dumb.
Speaker 2 (19:46):
If they didn't have a fifty year more, what if
we had only allowed fifteen year mortgage. But if we
only had fifteen year guess what? Oh boy, you know
that's only people can afford so much. Over the course
of a month, the price of homes would come down.
This is how everything works. Think about this for a second.
(20:09):
Think about every single thing that the government subsidizes, health insurance,
higher education, housing, Think about that for a second. The
prices of all those things have skyrocketing compared to everything else.
You get rid of subsidies, you get rid of the FHA,
(20:32):
housing and urban development.
Speaker 4 (20:34):
Guess what names will get a lot.
Speaker 2 (20:37):
Cheaper, a lot more affordable. Watchdog Onwallstreet dot com. Watchdog
on Wallstreet dot com, we shall return.
Speaker 3 (20:46):
A moment.
Speaker 1 (20:58):
Bringing America ACIL freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (21:09):
How a little old I'm gonna be again, I've been
my bias when it comes to this.
Speaker 4 (21:15):
I happen to live in the state of Florida again.
I'd love this. Not my first time living here in
the state. I love this state.
Speaker 2 (21:24):
And in my opinion, the governor of the state of Florida,
Ron DeSantis, I highly suggest following the things that he
posts out on what was on an X and various
different other things, statements that he makes, common sense, conservative values,
the things that he puts forward, he's spot on.
Speaker 4 (21:44):
And I'm just going to go through some of the
numbers here.
Speaker 2 (21:47):
He just put forth a budget for twenty six, twenty seven,
the State of Florida. One hundred and seventeen billion dollars
is the Florida state budget. It's less than New York
City's annual budget. Florida has fifteen million more people. It's
(22:10):
more than one hundred billion dollars less than the entire
state of New York's budget. Despite the fact that Florida
has more residents, Florida has the lowest number of state
government workers per capita.
Speaker 4 (22:28):
Right now.
Speaker 2 (22:29):
If you actually take a look at the numbers, and
this is part of the budget, an additional one hundred
and eighteen million dollars is going into Florida's Rainy Day fund,
maxing it out. It maxes out as constitution here in
the state of Florida maxes out at five billion dollars.
This our state has a rainy day fund with five
(22:51):
billion dollars in it, paying down an additional two hundred
and fifty million in accelerated debt repay gonna have over
fifty percent of Florida's total tax supported debt taken care
of by twenty six twenty seven. I can go on people, Oh,
you know, by the way, here you have a school choice. Yeah,
(23:12):
you want to go to send your kid to Catholic school.
Oh yeah, the money follows your kid. You get like
eight thousand bucks for that. Let's take a look at
what the in state tuition is for the Florida colleges
and universities. The bowl of your mind. Blow your mind again.
For whatever reason it may be, Republicans decided and going
(23:36):
in a different direction last time around. I mentioned here
on the program I was a bit biased because I
wanted DeSantis to finish out his term here in the
state of Florida, because he's done such a wonderful job.
But how one cannot take a look at this guy's
accomplishments and what he has done here in this state
(23:57):
and not say he shouldn't be running the show. He
shouldn't be on deck. I don't know what the issue is,
and it is another thing as well. I used to
bring it up. Trump talked about this this past week
because I'm again, as you well know, I am a
big States rights guy, the big States rights guy, and
most people don't have the little pocket Constitution. I suggest
(24:18):
looking at the Tenth Amendment. This is where our country
has gone off the rails. This is where all of
our problems stem from is the fact that we decided
to outsource. He's get we're outsourced and everything. We outsource, states,
outsource local governments, outsource to Washington DC, things that should
be done in state. Now that the President came out
(24:41):
this past week and he READI this one rule Executive
order in regards to AI regulation, he said, there must
be only one rule book if we're going to continue
to lead in AI. We are beating all countries at
this point in the race, but that won't last long.
If we're gonna have fifty states, many of them bad
actor is involved in rules and approval process. There can
(25:03):
be no doubt about this. AI will be destroyed in
its infancy. Okay, hold on a second, Hold on a second. Yeah,
I get it with certain things, Okay, in the same
way that we don't want to have every single state
having a different wall outlet plug where you've got to
have a converter when you go with different states, that
(25:24):
would make everything a hell of a lot more expensive
here in this country. However, states have rights, and you
know what the Santus has put out. He's got this
whole Florida AI Bill of Rights, basically saying protecting Faridians
against deep fakes, which are evil for crying out loud,
(25:49):
prohibiting AI from using an individual's name, image, and likeness
without their consent.
Speaker 3 (25:55):
I think that that is a great.
Speaker 2 (25:57):
Protection for their citizens, a couple of the fact he's
got a bunch of them here. How about electricity. I
don't know about you.
Speaker 3 (26:06):
I don't know.
Speaker 2 (26:07):
I don't want an AI data center being built near
where I live if it's gonna force up my electricity
prices and all my neighbors with it. You want to
go ahead, and you want to build that AI data said, well,
you know what, you got to make sure that you
have the juice for that, and you should pay for that.
(26:29):
We shouldn't have to pay for that as citizens. Ridiculous,
So somebody can make some ridiculous video AI generated video
because they've got nothing else better to do with their time.
Speaker 3 (26:39):
Uh huh.
Speaker 2 (26:40):
Also talked about protecting Florida's water resources when it.
Speaker 4 (26:44):
Comes to cooling these data centers.
Speaker 2 (26:46):
All of these things are good, and again, we do
not want That's not what our founders wanted, nor should
you any.
Speaker 4 (26:55):
Sort of imperial Washington DC.
Speaker 2 (26:57):
And that's what it's become people, It's become the capital
city like from a Hunger Games.
Speaker 4 (27:04):
Yep, we're not sacrificing kids.
Speaker 2 (27:06):
Yet, but that's what it's become. We need to get
back to state's rights. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com again is our site. Become a
part of our family, our personal c foll program Watchdog
on Wallstreet dot com. Take advantage of all the great
(27:28):
stuff we have Watchdog on Wallstreet dot com or give
us a call eight hundred seven four Scientific Class through
the Stars.
Speaker 3 (27:38):
God.
Speaker 1 (27:50):
Taking Wall Streets, Liars, crooks and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Street.
Speaker 4 (27:58):
Yeah, sometimes I'm from his folks at I Network doing.
Speaker 2 (28:04):
An unbelievable job. Continue to add new affiliates for this program,
and people still listen to radio, which is you know,
fascinating them itself. But yeah again, I you know, adapt
with the times, and I have to do the podcasts,
and I have to post all these stuff on Spotify
and Apple and that. Again, you can sign up for
(28:24):
all of our podcasts and everything that we put out.
Speaker 3 (28:28):
Ver simple.
Speaker 2 (28:29):
Let's get to our website at Watchdog on Maullstreet dot com.
But I also have to explain some of the things
that we do here, because again I don't want to
intimidate people. It happens when it comes to our personal
CFO program, and it's not my fault, it's the fact
that's the way the industry is gone. They, you know,
unless unless you've got serious bucks, high level investment advisories
(28:55):
that operate like family offices that provide everything from legal
accounting and obviously the top level money management, they don't.
Speaker 4 (29:05):
Want to talk to you unless you've got millions and
millions of dollars.
Speaker 2 (29:08):
Unless, of course, you're our firm, Markowski Investments, where we
help everybody, and there's no velvet rope at our door,
and there's no bouncer with an earpiece at our door saying, oh, okay,
you know you don't have enough money.
Speaker 4 (29:21):
Sorry, you know, we're not gonna work with you.
Speaker 2 (29:24):
I would never operate like that, And that was one
of the first things when I started on Wall Street,
first things out of college that I just.
Speaker 4 (29:33):
It bothered me.
Speaker 2 (29:36):
It bothered me. It's because you know, I was were
my background, you know, coming from upstate New York. Dad
was a school teacher and a business owner janitorial business,
and I work for him, and I was a janitor
and I just was disgusted, Oh, we're not going to
help people unless they have X amount of dollars And
would a doctor do that again? I never could get
my arms around that. But we do, and our personal
(29:58):
CFO program it's about, Man, you're gonna work with us.
You're gonna start looking at market calamities, sell offs in
a completely different light. You're gonna look at financial storms
and corrections in a completely different light.
Speaker 4 (30:16):
You're gonna look at them as opportunities.
Speaker 2 (30:21):
Okay, yes, yes, you don't want to let risk lead
to ruin. You want to be able to recognize and
avoid serious risk.
Speaker 4 (30:32):
That's a part of it. That's a part of it.
Speaker 2 (30:34):
But you're also are going to understand that Hey, you
know what, it's not my concept. It is brilliantly described
by Nassam Nicholas talub Anti fragile. What we try to
do is build portfolio is what we work on. What
we pride ourselves on is building portfolios that can't not
(30:54):
just withstand shocks, not just withstand market selloffs, panics, but
you come out on the other side better than you
were going in. That's what we do. That's what our
personal CFO program is all about. And again I invite
each and every one of you to take advantage.
Speaker 4 (31:15):
Again, get to.
Speaker 2 (31:16):
Our website, Watchdog on Wall Street dot com. That's Watchdog
on Wall street dot com. Give us a call eight
hundred four seven one fifty nine eight four.
Speaker 3 (31:27):
Sell those great two fakes given to the pat smiles.
Speaker 1 (31:40):
Chris Markowski is the watchdog on Wall Street. And we're
all Chris, this is the watchdog on Wall Street, fucking
(32:07):
back and everybody.
Speaker 2 (32:09):
I get the I got the emails and the phone
calls and people all over the country Chris, did you
see did you see this?
Speaker 4 (32:16):
And I listen.
Speaker 2 (32:16):
I appreciate all those I really do because I look
and I try to catch as much as I can,
but I can't cover everything. I try to do about
forty minutes of podcast every single day. A couple of
shorts in there as well. It's not a long form podcast.
(32:37):
It's you know, one segment here, one segment there. But
I cannot cover everything. And yeah, I'm seeing again some
of the stories almost kind of repetitive. It's kind of
what I have to say, kind of pick and choose.
To some degree, I'm seeing more of the fraud stories
come out of Minnesota. You had the SBA uncovering all
(32:59):
the PPP and E I D L loan scams that
were granted to people as part of the billion dollar
pandemic fraud scheme in Minnesota. What I want to basically
say about that, because they continue to be rolled out,
is if you think it's just Minnesota, you're crazy.
Speaker 4 (33:19):
It's not.
Speaker 2 (33:20):
I'm sure many states out there right now are like
uh oh uh oh, gentlemen, starter shredders. Oh yeah, they're
scared out of their mind because this is par for
the course I had.
Speaker 4 (33:36):
I'm going to bring up state of Florida.
Speaker 2 (33:38):
Ron de Santis just went through every single county, sent
his version of DOGE to every single county and is
uncovering billions of.
Speaker 4 (33:49):
Dollars in waste.
Speaker 2 (33:53):
In waste.
Speaker 4 (33:54):
Yeah, that's that's government people.
Speaker 2 (33:56):
It's it's how it's how they operate, it's how incentives
are taking. Imagine again, I've talked about this before on
the program. Shouldn't we have government workers that are there
and get paid based upon the amount of money they
can save the taxpayer.
Speaker 4 (34:12):
Talking about the federal government, what is the.
Speaker 2 (34:14):
Worst week of the year, worst week of the year
for we the taxpayers is the last month of September.
Because of baseline budgeting, every government agency has to zero
out their books. They have to spend everything even if
they don't need to, Even if they don't need to,
they spend it all. That's pretty screwed up, but that's
(34:36):
the way it is.
Speaker 4 (34:37):
It's the way it is.
Speaker 2 (34:38):
So Yeah, if you think it's just Minnesota, now, no,
every single state you're going to have the exact same problems.
Speaker 4 (34:47):
There's an interesting column by Barton Swain.
Speaker 2 (34:50):
In the Wall Street Journal where he's echoing my sentiments
and what I've talked about when it comes to immigration
here in this country for some time.
Speaker 4 (35:01):
He called it our quote digestible immigrants.
Speaker 2 (35:06):
And again he gets into the fact that some people
just don't want to blend, they don't want to adapt
to the way things are here in this country. And that,
to me, has always been the problem. It's always been
about assimilating people to our society, to our culture. Yeah,
(35:32):
our culture is unique, people, it is. We have our quirks,
there's no doubt about it. We're very, very unique. But
the reality of the situation is when you see man
on the street interviews taking place in Minnesota with these
Somali residents and there to the man, every single one
(35:52):
of them. I don't want American laws. I want Sharia
law here. I want Sharia law here. Well, then get
the blank out. You've come to the wrong place.
Speaker 4 (36:04):
Try as you might. Oil and water are just not
going to mix.
Speaker 2 (36:09):
Ever, Nor should we try to put the square peg
in the round hole. Why would you do that? Why
why would we be bringing people that have this belief system.
Speaker 3 (36:25):
To our world.
Speaker 2 (36:28):
It doesn't make any sense at all. Yet we do,
and you don't get thrown up on our face to
start your liberty. Stop it already. I have no problem
with legal immigration.
Speaker 3 (36:44):
I do.
Speaker 2 (36:45):
Illegal immigration is the problem. It's the problem because you
know that it traps the illegal immigrants into a spiral
where it makes it very difficult for them to get
out of and the next generation doing better, which which
has been the tradition here in this country. Grandparents, both
(37:05):
side of my family coming from poverty here to this country. Legally,
mind you, next generation does better, next generation does better.
That's just the way it's supposed to go. But you
have to be able to fit in. The people don't
even want to learn a language for crying out loud,
(37:25):
why are you here? That is something that always needed
to be considered, but it's not. Let's be honest, okay,
and I'm sorry you left this you know listening program.
You like them because they vote for you. You like
them because they keep you in power, and you give
(37:46):
them things and you hand them things and all of
a sudden they vote for you like clockwork. Yeah, a
country is not supposed to operate in that fashion really
quick on this story. And again I've kind of had
my issues with how we're handling this. You know, I
(38:07):
don't believe where it's anything have to do with narco trafficking.
And again we're taking out some boats here and there.
That's well and good. It's not going to change much
how you go about changing. And you deal with the
drug trade here in the United States as you follow
the money, and if you saw this story, you had
a top Obama dea official charge with wandering money for
(38:28):
the Mexican drug cartel.
Speaker 4 (38:31):
That's how you get them.
Speaker 2 (38:33):
That's how you get them. The amount of money that
they're making people and they're getting paid in cash or crypto.
Follow the money, where's that money being invested? Very difficult
to follow the money. It's like the television show The Wire.
You start following the money. You don't know where that
money leads, and you don't know what's connected to and
you don't know what investments are being made with that
(38:55):
drug money. But if you want to solve the drug problem,
that's how you do it. Watchdog on Wallstreet dot com
Watchdog on Wallstreet dot com.
Speaker 4 (39:05):
God bless everyone, have a wonderful, wonderful day.
Speaker 1 (39:10):
Finds you're listening to the Watchdog on Wall Street
Well, no one altered. The investment banker, consumer advocate, analyst,
trader Chris Markowski is the watch dog.
Speaker 2 (00:15):
On the wall street.
Speaker 1 (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 3 (00:34):
Ladies and gentlemen.
Speaker 2 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:39):
This is the watchdog on wall streets.
Speaker 2 (00:44):
No talking about the free market and getting getting the
government out of the way.
Speaker 4 (00:52):
They were interviewing the governor of Kentucky and.
Speaker 2 (00:57):
This past week and he's up there and he's talking
about and I think they were talking about inflation and
the Biden economy.
Speaker 4 (01:05):
And he's trying to defend Joe Biden.
Speaker 2 (01:08):
So Joe Biden was you know, he's invested in evs
and Pubison. He's trying to build the economy of tomorrow.
Here's a Joe Biden was building the economy of tomorrow. Yeah, yeah,
an eighty year old plus guy is going to start
building the economy of tomorrow.
Speaker 4 (01:30):
Again.
Speaker 2 (01:30):
These these politicians, bless their heart.
Speaker 4 (01:35):
Okay, if you want to go and build here's Andy.
Speaker 2 (01:39):
You know, Biden, anybody out there you want to go
build the economy tomorrow, go build it.
Speaker 4 (01:45):
Don't go to Washington, d C.
Speaker 2 (01:47):
That's not your job.
Speaker 4 (01:49):
Entails.
Speaker 2 (01:49):
Okay, governments don't build anything. The governments that do build stuff. Yeah,
why don't you take a look at you know, all
the great great Soviet cars. How about I remember back
in the day they actually brought them to the United States,
the Yugoslavian car, the UGO. Oh yeah, you look at
(02:11):
that thing sideways. It would fall apart. Building the economy
of tomorrow. Again, this is it's unfortunate, but you lefties
really don't really seem to.
Speaker 4 (02:25):
Have a grasp on this.
Speaker 2 (02:28):
There's no supercomputer, there's no AI, there's no quantum computer
that's going to be able to figure out the trillions
of transactions that happened between human beings on any given day,
or an idea that somebody decides to take the ball
and run with at some point in time.
Speaker 4 (02:46):
I mentioned Netflix, you know Netflix by on it. You know,
do you remember Netflix? You know how Netflix got started?
Speaker 2 (02:53):
Netflix got started, The CEO got ticked off, ticked off
because he returned a Blockbuster video late and he got
a forty dollars late fee. And he came up the
idea of sending DVDs in the mail to people. That's
how Netflix got started. Okay, young people out there, Amazon
(03:13):
all they used to do. Go back and take a
look at Jeff Bezos. Okay, before he was jacked, he
was like he looked look back at day, he looked
like he was right out of you know, Revenge of
the Nerds for crying out loud. He sold books online.
How quaint take a look at them?
Speaker 3 (03:31):
Now?
Speaker 4 (03:32):
What you think the government could do something like that?
Speaker 3 (03:37):
The governor?
Speaker 2 (03:38):
All right, right, the government government who can't even can't
even account for Obamacare ninety percent ninety percent falsified document.
I mean, they can't keep track of that name one
thing that they do well in an efficient manner that
makes any sense.
Speaker 4 (03:56):
You can't.
Speaker 2 (03:58):
You can't.
Speaker 4 (04:00):
Don't build the economy of tomorrow.
Speaker 2 (04:03):
We do you listen, if the people listening to this
program that are not working for the government, we build
the economy of tomorrow. We are the ones that are
responsible for creative destruction. We couldn't even save astronauts up
in space. Elon Musk had to do that. Elon Musk
(04:29):
had to do that.
Speaker 4 (04:29):
And you know what the funny thing was to do.
Speaker 2 (04:30):
We found out after the fact that they could have
come down even earlier, but Biden wouldn't allow it because
it would look bad for him.
Speaker 4 (04:36):
Didn't want it happening.
Speaker 2 (04:39):
I'm not you make it this up because he was
supporting Trump at the time and it was his election
was on. This is how screwed up these people are.
This is how demented, how twisted they are, how lost
they are.
Speaker 4 (04:53):
Build the economy of tomorrow. Give me a break. You
guys couldn't run a lemonade stand for crying out loud.
Speaker 2 (05:01):
Anyway.
Speaker 4 (05:02):
I gotta talk a little bit about uh Trump. He
took his uh well.
Speaker 2 (05:08):
He's taking a stand up routine on the road, that's right.
You know, his uh chief of staff there happens to
think that, oh, we're gonna have to nationalize the midterms.
Trump has got to go out onto the campaign trail.
Speaker 4 (05:24):
And he's gotta he's gotta go out there and sell.
Speaker 2 (05:27):
And he went to Pennsylvania, Pocono's Mountains mount Airy Casino
there and facts, uh, it wasn't full it wasn't full. Okay,
the the Democrats, and this is what they're they're pushing this.
(05:51):
You know, prices have not come down. Prices have not
come and again this is how much they this is
how much. You don't know whether or not they're dumb
or they just think that we the people are dumb.
Speaker 4 (06:05):
They keep putting out these charts.
Speaker 2 (06:09):
Charts of the price of groceries, charts of price of beef,
various different things, and it's got this big, big swing
up when it comes to prices.
Speaker 4 (06:19):
All the Democrats are putting these things.
Speaker 2 (06:21):
Now look at this little price is going up. Oh
my god. But if you look at the chart, the
majority of the price increases happened when.
Speaker 4 (06:31):
Under Biden.
Speaker 2 (06:34):
That's just facts. Facts. I mean, guys, listeners program, you
remember me jumping up and down screaming about the FED
and this transitory inflation nonsense.
Speaker 4 (06:46):
And how bad this is going to be.
Speaker 2 (06:48):
And how we you know, Biden had to print all
this stupid money. We had the Chips Act, we had
the uh, what was it, the Inflation Reduction Act, which
it actually the act exactly opposite happened. They actually had
the gall This is again I don't know how you.
Speaker 4 (07:03):
People are not disgusted with these people.
Speaker 2 (07:05):
They had the gall to call it the Inflation Reduction
Act when it was going to accomplish the exact opposite,
which it did.
Speaker 4 (07:15):
Anyway, anyway, the President has to stop.
Speaker 2 (07:23):
He has to stop going out and telling everybody that
they're wrong, that prices are down, are coming down. Prices
are not coming down. Prices are still going up. They're
not going up at the rates that they were, but
they're still going up. Yes, gas has come down, Gas
(07:46):
has come down to some degree, but for most items. No, no, again,
people aren't dumb.
Speaker 3 (07:59):
They're not dumb.
Speaker 2 (07:59):
You got to.
Speaker 3 (08:00):
Stop telling no, you're wrong.
Speaker 2 (08:03):
No, no, no, no, you know, as you know, pouring
rain on your head outside, No it's not raining.
Speaker 3 (08:08):
Everything's no.
Speaker 2 (08:11):
Just be honest with them and talk to people about
the steps you're going to do to bring these prices down.
Am my humble opinion. I think the president President's probably
probably secretly is hoping that the Supreme Court rules on
(08:31):
these tariffs and makes them null. Avoid that was a
massive mistake. You want to talk about it, unforced, I
mean and unforced right there. That was a huge mistake.
You had everything going in the right direction, and you
pull this one out of a hat, and you keep
telling everybody how great these tariffs are, and nobody's buying it. Man,
(08:57):
outside of your your true cult believers out there, talk
to a small business owner and ask them about tariffs.
And it's not just the tariffs, it's just the uncertainty
that goes along with them. And then yet you go
on to you you point people out, what is it
that I happen to disagree with? Often? I've been on
(09:20):
television with him, Peter Shiff I guess he was on
Fox and Friends and just talking about prices going up,
and you know, Trump whole tweet, Hi, Fosh.
Speaker 3 (09:29):
And friends are heading in the wrong direction.
Speaker 2 (09:31):
Out because somebody disagrees with you. What's wrong with you?
Speaker 3 (09:36):
Again?
Speaker 4 (09:37):
I don't understand this quite frankly.
Speaker 2 (09:40):
I get people disagree with me and have a conversation
without trying to eviscerate them. I understand, and I'm gonna
get the blowback with Tariffskin. Yes, tariffs can be used
when people are taking advantage, and again in that manner,
but when you go across the board, they haven't work.
(10:03):
That's why you've had to lower them. And then you
go out and stop making untrue statements saying that these
tariffs are helping farmers.
Speaker 3 (10:11):
Find me a farmer anywhere.
Speaker 2 (10:13):
That's saying the tariffs are helping them.
Speaker 3 (10:15):
The farmers are freaking out.
Speaker 2 (10:19):
They're freaking out. This is why you got to give
away another twelve billion dollars. They don't mind everybody. Trump's
first term, Trump's first term, he had a hand out
twenty eight billion dollars to farmers because of tariffs. I
had an idea, why don't get we rid of our
stupid socialist mechanism when it comes to food here in
(10:41):
this country. Not to mention the fact the power that
we've allowed given to the various different feed companies that
control all of this, that can just bring their costs up.
They can they can basically move their cost based upon
the market. Oh, farmers starting to make a little bit
too much money, We'll.
Speaker 3 (10:58):
Just raise the price of feed.
Speaker 2 (10:59):
And they do that because there's no competition, because they're monopolies.
For crying out loud, these these these are the things
that upset the apple cart. These are the things that
can actually bring prices down. You did a great job
when it came to getting get rid of the cafe standards,
on cars. Fantastic, But I got an idea. Okay, why
(11:24):
don't we get rid of ethanol?
Speaker 3 (11:27):
Ethanol?
Speaker 2 (11:27):
Yes, yes, I said it. Make sure your auto mileage.
Worse can ruin your engine. And you know the people
must people will realize this. Do you understand that we
have farmland the size of the state of Michigan that
were just growing corn for ethanol.
Speaker 4 (11:46):
I'm not making that up.
Speaker 2 (11:49):
Now, I'm gonna the land mass the size of the
state of Michigan in this country is being used to
grow corn that were not goinging to eat.
Speaker 3 (12:03):
Why.
Speaker 4 (12:03):
Well, know those farmers are doing well because they get subsidized.
Speaker 2 (12:08):
They again, they have automatic they again rule government rules.
We have to blend their their product into fuel with
something that everybody.
Speaker 4 (12:18):
Has to buy.
Speaker 2 (12:20):
What a racket?
Speaker 4 (12:23):
What a racket?
Speaker 2 (12:26):
And again I mentioned this earlier on in the year,
and people didn't believe me. People didn't believe. No, way
that's true. True, don't work, It couldn't happen. Oh really yeah, Uh,
Canter Fitzgerald, this was Howard Lutnick's Donald Trump's Commerce secretary,
Howard Lutnik.
Speaker 4 (12:45):
Who used to run Canter Fitzgerald. His kids run the firm.
Speaker 2 (12:49):
Now, yeah, they created a way for investors. I'm not
making this up to bet that Donald Trump's tear traffs
will be struck down in court. Oh yeah, Traders at
the firm's investment banking subsidiary have the capacity to buy
(13:10):
the rights to hundreds of millions of dollars in potential
refunds from companies who have paid Trump's tariffs. Yeah, this
is a thing now.
Speaker 5 (13:23):
Ah No, No, nothing shady going on. There, nothing to
see here. People, China had record exports, We put tariffs on.
China's had record exports. Countries that we used to do
business with are diversifying outside of the United States and
(13:47):
going elsewhere.
Speaker 4 (13:50):
Again. I understand, I understand you want.
Speaker 2 (13:53):
To use tariffs to work with bad actors, and you
can use them as such. But I mean, for crying
out loud, I mean you, honestly the people. You honestly
think most toys are coming from China. That's where they're made,
They have the entire processeste Does anybody think that those
things are coming back to the United States. Anybody think
(14:15):
at all that these factors will ever come back to
the United States.
Speaker 4 (14:18):
We can't get workers to work in those places.
Speaker 2 (14:20):
We're crying on and we couldn't get auto workers to
work outside of Atlanta at the Hyundai plant that they
had to bring in workers from South Korea.
Speaker 3 (14:29):
So stop.
Speaker 4 (14:31):
We need to continue to do what we do well.
Speaker 2 (14:35):
I'm not I'm not opening first so I can have people,
you know, put wheels on toy cars here in the
United States. It makes no sense. Trump needs to focus
yes on affordability. Okay, it's not a hoax. Explain to
the American people what you're going to do to bring
(14:56):
prices down. Have a plan and people, we'll back you
again and your approval ratings will come up. They're in
the thirties. You need to turn this around. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com, ken get
to our website, a personal CFO program and work with
(15:21):
the Markowski family.
Speaker 4 (15:23):
Watchdog on Wallstreet dot com.
Speaker 2 (15:25):
And personal CFO programs, our podcast, our newsletter, all sorts
of great stuff.
Speaker 4 (15:30):
Watchdog on Wallstreet dot com.
Speaker 1 (15:33):
Lovely weather for a slave right together with you.
Speaker 5 (15:38):
Popsid Snow.
Speaker 1 (15:51):
You should believe in math not magic. You're listening to
the Watchdog and Wall Street with Chris Markowski.
Speaker 2 (16:01):
I haven't explained this before here on the program, A
lot of people are, and rightfully so, up in arms
about this story. You got the Housing Urban Development Secretary
Scott turn telling that illegal aliens received federally backed mortgages
during the Biden Harris years.
Speaker 4 (16:25):
Doesn't surprise me.
Speaker 2 (16:26):
They probably have been getting them under the Trump's first years,
They've probably been getting them under Obama, probably getting them
under Bush before them. Nobody really checks, nobody really does
their job, and now they're bringing this up right now
(16:47):
the problem quite frankly again despite the fact that again
we're subsidizing illegal aliens mortgages. Again, it's disgusting, but you
want to solve the or one way to solve the problem. Again,
I this is one of the more difficult things that
I've had to explain over the years here on the program,
and to this day, people still don't seem to understand.
(17:11):
Anytime the government gets involved, anytime the government subsidizes anything,
the price goes up.
Speaker 4 (17:21):
Without fail. This was had to be two thousand and nine.
Two thousand and nine, I was a guest on CNN.
Speaker 2 (17:31):
It was on Don Lemon's program on Don Lemon's program,
and the topic was the high cost of college and
affordability with college going back to two thousand and nine. Okay,
and again, but I think at the time we were
discussing because Obama was taken over student loans. Remember that
(17:51):
part of Obamacare. Government's taken over a student loan program.
And I said, on the program. And again, they didn't
even know how to deal with me, didn't even know
how to I asked, I've completely stunned them. I said,
you want the cost of college to come down. I
want the cost of college to come down. You do
that by getting rid of student loans. You get rid
of student aid, and the price will come down because
(18:15):
colleges and universities will have to price their product based
upon what people can afford to pay. That's how the
market works. It's how it works. I could open up
a coffee shop, for example, and if I want to
sell a cup of coffee for fifty dollars a cup, Yeah,
(18:36):
I might get some arrogant jerk who thinks that the
coffee is the best because they're buying it at fifty
dollars a cup. I might sell a couple of them.
But do you think that I would sell enough to
stay in business. No, this is what competition is all about.
And again, oh, my God, I got, I gotta go back.
(18:56):
I have to save all of my emails, the hate
emails that I got from people all over the country.
Speaker 3 (19:01):
The only rich people we're gonna be able to afford,
the gumn movement, and again the knee jerk reaction.
Speaker 2 (19:07):
Knee jerk without thinking about what.
Speaker 4 (19:09):
I had to say.
Speaker 2 (19:12):
You stop subsidizing thing. The price will come down.
Speaker 4 (19:16):
Why do we have to have an fha woll.
Speaker 2 (19:18):
It's about getting people in the homes. The government can
subsidize and buy these loans and up and people get in.
What would happen if they didn't? What would happen if
they didn't? Would people stop building homes? Would they stop
selling homes? Here us one for you? What if we
got I again, they were floating that ridiculous idea of
(19:41):
a fifty year mortgage.
Speaker 4 (19:42):
Dumb, the dumb, dumb, dumb.
Speaker 2 (19:46):
If they didn't have a fifty year more, what if
we had only allowed fifteen year mortgage. But if we
only had fifteen year guess what? Oh boy, you know
that's only people can afford so much. Over the course
of a month, the price of homes would come down.
This is how everything works. Think about this for a second.
(20:09):
Think about every single thing that the government subsidizes, health insurance,
higher education, housing, Think about that for a second. The
prices of all those things have skyrocketing compared to everything else.
You get rid of subsidies, you get rid of the FHA,
(20:32):
housing and urban development.
Speaker 4 (20:34):
Guess what names will get a lot.
Speaker 2 (20:37):
Cheaper, a lot more affordable. Watchdog Onwallstreet dot com. Watchdog
on Wallstreet dot com, we shall return.
Speaker 3 (20:46):
A moment.
Speaker 1 (20:58):
Bringing America ACIL freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (21:09):
How a little old I'm gonna be again, I've been
my bias when it comes to this.
Speaker 4 (21:15):
I happen to live in the state of Florida again.
I'd love this. Not my first time living here in
the state. I love this state.
Speaker 2 (21:24):
And in my opinion, the governor of the state of Florida,
Ron DeSantis, I highly suggest following the things that he
posts out on what was on an X and various
different other things, statements that he makes, common sense, conservative values,
the things that he puts forward, he's spot on.
Speaker 4 (21:44):
And I'm just going to go through some of the
numbers here.
Speaker 2 (21:47):
He just put forth a budget for twenty six, twenty seven,
the State of Florida. One hundred and seventeen billion dollars
is the Florida state budget. It's less than New York
City's annual budget. Florida has fifteen million more people. It's
(22:10):
more than one hundred billion dollars less than the entire
state of New York's budget. Despite the fact that Florida
has more residents, Florida has the lowest number of state
government workers per capita.
Speaker 4 (22:28):
Right now.
Speaker 2 (22:29):
If you actually take a look at the numbers, and
this is part of the budget, an additional one hundred
and eighteen million dollars is going into Florida's Rainy Day fund,
maxing it out. It maxes out as constitution here in
the state of Florida maxes out at five billion dollars.
This our state has a rainy day fund with five
(22:51):
billion dollars in it, paying down an additional two hundred
and fifty million in accelerated debt repay gonna have over
fifty percent of Florida's total tax supported debt taken care
of by twenty six twenty seven. I can go on people, Oh,
you know, by the way, here you have a school choice. Yeah,
(23:12):
you want to go to send your kid to Catholic school.
Oh yeah, the money follows your kid. You get like
eight thousand bucks for that. Let's take a look at
what the in state tuition is for the Florida colleges
and universities. The bowl of your mind. Blow your mind again.
For whatever reason it may be, Republicans decided and going
(23:36):
in a different direction last time around. I mentioned here
on the program I was a bit biased because I
wanted DeSantis to finish out his term here in the
state of Florida, because he's done such a wonderful job.
But how one cannot take a look at this guy's
accomplishments and what he has done here in this state
(23:57):
and not say he shouldn't be running the show. He
shouldn't be on deck. I don't know what the issue is,
and it is another thing as well. I used to
bring it up. Trump talked about this this past week
because I'm again, as you well know, I am a
big States rights guy, the big States rights guy, and
most people don't have the little pocket Constitution. I suggest
(24:18):
looking at the Tenth Amendment. This is where our country
has gone off the rails. This is where all of
our problems stem from is the fact that we decided
to outsource. He's get we're outsourced and everything. We outsource, states,
outsource local governments, outsource to Washington DC, things that should
be done in state. Now that the President came out
(24:41):
this past week and he READI this one rule Executive
order in regards to AI regulation, he said, there must
be only one rule book if we're going to continue
to lead in AI. We are beating all countries at
this point in the race, but that won't last long.
If we're gonna have fifty states, many of them bad
actor is involved in rules and approval process. There can
(25:03):
be no doubt about this. AI will be destroyed in
its infancy. Okay, hold on a second, Hold on a second. Yeah,
I get it with certain things, Okay, in the same
way that we don't want to have every single state
having a different wall outlet plug where you've got to
have a converter when you go with different states, that
(25:24):
would make everything a hell of a lot more expensive
here in this country. However, states have rights, and you
know what the Santus has put out. He's got this
whole Florida AI Bill of Rights, basically saying protecting Faridians
against deep fakes, which are evil for crying out loud,
(25:49):
prohibiting AI from using an individual's name, image, and likeness
without their consent.
Speaker 3 (25:55):
I think that that is a great.
Speaker 2 (25:57):
Protection for their citizens, a couple of the fact he's
got a bunch of them here. How about electricity. I
don't know about you.
Speaker 3 (26:06):
I don't know.
Speaker 2 (26:07):
I don't want an AI data center being built near
where I live if it's gonna force up my electricity
prices and all my neighbors with it. You want to
go ahead, and you want to build that AI data said, well,
you know what, you got to make sure that you
have the juice for that, and you should pay for that.
(26:29):
We shouldn't have to pay for that as citizens. Ridiculous,
So somebody can make some ridiculous video AI generated video
because they've got nothing else better to do with their time.
Speaker 3 (26:39):
Uh huh.
Speaker 2 (26:40):
Also talked about protecting Florida's water resources when it.
Speaker 4 (26:44):
Comes to cooling these data centers.
Speaker 2 (26:46):
All of these things are good, and again, we do
not want That's not what our founders wanted, nor should
you any.
Speaker 4 (26:55):
Sort of imperial Washington DC.
Speaker 2 (26:57):
And that's what it's become people, It's become the capital
city like from a Hunger Games.
Speaker 4 (27:04):
Yep, we're not sacrificing kids.
Speaker 2 (27:06):
Yet, but that's what it's become. We need to get
back to state's rights. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com again is our site. Become a
part of our family, our personal c foll program Watchdog
on Wallstreet dot com. Take advantage of all the great
(27:28):
stuff we have Watchdog on Wallstreet dot com or give
us a call eight hundred seven four Scientific Class through
the Stars.
Speaker 3 (27:38):
God.
Speaker 1 (27:50):
Taking Wall Streets, Liars, crooks and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Street.
Speaker 4 (27:58):
Yeah, sometimes I'm from his folks at I Network doing.
Speaker 2 (28:04):
An unbelievable job. Continue to add new affiliates for this program,
and people still listen to radio, which is you know,
fascinating them itself. But yeah again, I you know, adapt
with the times, and I have to do the podcasts,
and I have to post all these stuff on Spotify
and Apple and that. Again, you can sign up for
(28:24):
all of our podcasts and everything that we put out.
Speaker 3 (28:28):
Ver simple.
Speaker 2 (28:29):
Let's get to our website at Watchdog on Maullstreet dot com.
But I also have to explain some of the things
that we do here, because again I don't want to
intimidate people. It happens when it comes to our personal
CFO program, and it's not my fault, it's the fact
that's the way the industry is gone. They, you know,
unless unless you've got serious bucks, high level investment advisories
(28:55):
that operate like family offices that provide everything from legal
accounting and obviously the top level money management, they don't.
Speaker 4 (29:05):
Want to talk to you unless you've got millions and
millions of dollars.
Speaker 2 (29:08):
Unless, of course, you're our firm, Markowski Investments, where we
help everybody, and there's no velvet rope at our door,
and there's no bouncer with an earpiece at our door saying, oh, okay,
you know you don't have enough money.
Speaker 4 (29:21):
Sorry, you know, we're not gonna work with you.
Speaker 2 (29:24):
I would never operate like that, And that was one
of the first things when I started on Wall Street,
first things out of college that I just.
Speaker 4 (29:33):
It bothered me.
Speaker 2 (29:36):
It bothered me. It's because you know, I was were
my background, you know, coming from upstate New York. Dad
was a school teacher and a business owner janitorial business,
and I work for him, and I was a janitor
and I just was disgusted, Oh, we're not going to
help people unless they have X amount of dollars And
would a doctor do that again? I never could get
my arms around that. But we do, and our personal
(29:58):
CFO program it's about, Man, you're gonna work with us.
You're gonna start looking at market calamities, sell offs in
a completely different light. You're gonna look at financial storms
and corrections in a completely different light.
Speaker 4 (30:16):
You're gonna look at them as opportunities.
Speaker 2 (30:21):
Okay, yes, yes, you don't want to let risk lead
to ruin. You want to be able to recognize and
avoid serious risk.
Speaker 4 (30:32):
That's a part of it. That's a part of it.
Speaker 2 (30:34):
But you're also are going to understand that Hey, you
know what, it's not my concept. It is brilliantly described
by Nassam Nicholas talub Anti fragile. What we try to
do is build portfolio is what we work on. What
we pride ourselves on is building portfolios that can't not
(30:54):
just withstand shocks, not just withstand market selloffs, panics, but
you come out on the other side better than you
were going in. That's what we do. That's what our
personal CFO program is all about. And again I invite
each and every one of you to take advantage.
Speaker 4 (31:15):
Again, get to.
Speaker 2 (31:16):
Our website, Watchdog on Wall Street dot com. That's Watchdog
on Wall street dot com. Give us a call eight
hundred four seven one fifty nine eight four.
Speaker 3 (31:27):
Sell those great two fakes given to the pat smiles.
Speaker 1 (31:40):
Chris Markowski is the watchdog on Wall Street. And we're
all Chris, this is the watchdog on Wall Street, fucking
(32:07):
back and everybody.
Speaker 2 (32:09):
I get the I got the emails and the phone
calls and people all over the country Chris, did you
see did you see this?
Speaker 4 (32:16):
And I listen.
Speaker 2 (32:16):
I appreciate all those I really do because I look
and I try to catch as much as I can,
but I can't cover everything. I try to do about
forty minutes of podcast every single day. A couple of
shorts in there as well. It's not a long form podcast.
(32:37):
It's you know, one segment here, one segment there. But
I cannot cover everything. And yeah, I'm seeing again some
of the stories almost kind of repetitive. It's kind of
what I have to say, kind of pick and choose.
To some degree, I'm seeing more of the fraud stories
come out of Minnesota. You had the SBA uncovering all
(32:59):
the PPP and E I D L loan scams that
were granted to people as part of the billion dollar
pandemic fraud scheme in Minnesota. What I want to basically
say about that, because they continue to be rolled out,
is if you think it's just Minnesota, you're crazy.
Speaker 4 (33:19):
It's not.
Speaker 2 (33:20):
I'm sure many states out there right now are like
uh oh uh oh, gentlemen, starter shredders. Oh yeah, they're
scared out of their mind because this is par for
the course I had.
Speaker 4 (33:36):
I'm going to bring up state of Florida.
Speaker 2 (33:38):
Ron de Santis just went through every single county, sent
his version of DOGE to every single county and is
uncovering billions of.
Speaker 4 (33:49):
Dollars in waste.
Speaker 2 (33:53):
In waste.
Speaker 4 (33:54):
Yeah, that's that's government people.
Speaker 2 (33:56):
It's it's how it's how they operate, it's how incentives
are taking. Imagine again, I've talked about this before on
the program. Shouldn't we have government workers that are there
and get paid based upon the amount of money they
can save the taxpayer.
Speaker 4 (34:12):
Talking about the federal government, what is the.
Speaker 2 (34:14):
Worst week of the year, worst week of the year
for we the taxpayers is the last month of September.
Because of baseline budgeting, every government agency has to zero
out their books. They have to spend everything even if
they don't need to, Even if they don't need to,
they spend it all. That's pretty screwed up, but that's
(34:36):
the way it is.
Speaker 4 (34:37):
It's the way it is.
Speaker 2 (34:38):
So Yeah, if you think it's just Minnesota, now, no,
every single state you're going to have the exact same problems.
Speaker 4 (34:47):
There's an interesting column by Barton Swain.
Speaker 2 (34:50):
In the Wall Street Journal where he's echoing my sentiments
and what I've talked about when it comes to immigration
here in this country for some time.
Speaker 4 (35:01):
He called it our quote digestible immigrants.
Speaker 2 (35:06):
And again he gets into the fact that some people
just don't want to blend, they don't want to adapt
to the way things are here in this country. And that,
to me, has always been the problem. It's always been
about assimilating people to our society, to our culture. Yeah,
(35:32):
our culture is unique, people, it is. We have our quirks,
there's no doubt about it. We're very, very unique. But
the reality of the situation is when you see man
on the street interviews taking place in Minnesota with these
Somali residents and there to the man, every single one
(35:52):
of them. I don't want American laws. I want Sharia
law here. I want Sharia law here. Well, then get
the blank out. You've come to the wrong place.
Speaker 4 (36:04):
Try as you might. Oil and water are just not
going to mix.
Speaker 2 (36:09):
Ever, Nor should we try to put the square peg
in the round hole. Why would you do that? Why
why would we be bringing people that have this belief system.
Speaker 3 (36:25):
To our world.
Speaker 2 (36:28):
It doesn't make any sense at all. Yet we do,
and you don't get thrown up on our face to
start your liberty. Stop it already. I have no problem
with legal immigration.
Speaker 3 (36:44):
I do.
Speaker 2 (36:45):
Illegal immigration is the problem. It's the problem because you
know that it traps the illegal immigrants into a spiral
where it makes it very difficult for them to get
out of and the next generation doing better, which which
has been the tradition here in this country. Grandparents, both
(37:05):
side of my family coming from poverty here to this country. Legally,
mind you, next generation does better, next generation does better.
That's just the way it's supposed to go. But you
have to be able to fit in. The people don't
even want to learn a language for crying out loud,
(37:25):
why are you here? That is something that always needed
to be considered, but it's not. Let's be honest, okay,
and I'm sorry you left this you know listening program.
You like them because they vote for you. You like
them because they keep you in power, and you give
(37:46):
them things and you hand them things and all of
a sudden they vote for you like clockwork. Yeah, a
country is not supposed to operate in that fashion really
quick on this story. And again I've kind of had
my issues with how we're handling this. You know, I
(38:07):
don't believe where it's anything have to do with narco trafficking.
And again we're taking out some boats here and there.
That's well and good. It's not going to change much
how you go about changing. And you deal with the
drug trade here in the United States as you follow
the money, and if you saw this story, you had
a top Obama dea official charge with wandering money for
(38:28):
the Mexican drug cartel.
Speaker 4 (38:31):
That's how you get them.
Speaker 2 (38:33):
That's how you get them. The amount of money that
they're making people and they're getting paid in cash or crypto.
Follow the money, where's that money being invested? Very difficult
to follow the money. It's like the television show The Wire.
You start following the money. You don't know where that
money leads, and you don't know what's connected to and
you don't know what investments are being made with that
(38:55):
drug money. But if you want to solve the drug problem,
that's how you do it. Watchdog on Wallstreet dot com
Watchdog on Wallstreet dot com.
Speaker 4 (39:05):
God bless everyone, have a wonderful, wonderful day.
Speaker 1 (39:10):
Finds you're listening to the Watchdog on Wall Street
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