October 5, 2025 • 39 mins
Chris Markowski, the Watchdog on Wall Street, discusses various pressing financial issues, including tariffs on the film industry, property taxes, economic indicators, the presence of corruption in finance, the implications of government intervention in business, and the challenges of student loan debt. He emphasizes the need for financial literacy and accountability in both personal and institutional finance.
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Episode Transcript
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Speaker 1 (00:00):
Oh well, no one altered investment banking, consumer advocate analyst
trader Chris Markowski is the watchdog Wall Street.
Speaker 2 (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.
Speaker 3 (00:27):
You can't handle the true proof.
Speaker 2 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 4 (00:34):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 2 (00:39):
This is the watchdog Wall Streets.
Speaker 4 (00:43):
I'm gonna pull a Steve Jobs here and one more
thing on Kim. Please explain this to me. Okay, this
was a Trump tweet. This past week, our movie making
business has been stolen from the United States of America
by the countries, just like stealing candy from a baby. No, mister, President,
(01:05):
has nothing to do like stealing candy from a baby. California,
with its weekend incompetent governor, has been particularly hard hit. Therefore,
in order to solve this long time, never ending problem,
I will be imposing a one hund tariff on any
and all movies that are made outside of the United States.
Speaker 3 (01:23):
Thank you. For your attention to this matter.
Speaker 4 (01:29):
Okay, movies have been made outside the United States for
some time. I mean I found it fascinating that the
Great John Adams documentary and HBO, I think it was
done in Hungary. Rob Lowe's Game Show with American contestants is.
Speaker 3 (01:47):
It's either Dublin or London it's being filmed.
Speaker 4 (01:51):
It's actually cheaper for them to send the guests. Remember
back in the day when the nineteen seventies and eighties
guests priceless rights stay at the Marriott Marquee in Times
Square with the famous rooftop rotating rest. I mean, no, nope, nope, nope, nope,
nope nope, not affordable, cheaper to actually ship the contestants
(02:14):
to London and do the game show there. Oh yeah,
the Marvel movies they're there's all done over there. Mel
Gibson's doing the Resurrection of the Christ doing that in Rome.
Why why, mister President, is this the case? No one's
stealing anything. We're just not competitive. Again, Georgia was doing
(02:40):
well for a period of time. They were filming a
lot in the state of Georgia. But yeah, we've got
these got these contracts with the workers and insurance costs
health insurance in particular, which is very, very expensive here
in the United States.
Speaker 3 (02:58):
So she to make the films elsewhere.
Speaker 4 (03:01):
What you don't think the Hollywood liberals are going to
take a hit on the salaries that they're making to
make these productions for everything else?
Speaker 3 (03:09):
Do you how do you plan on it?
Speaker 4 (03:13):
Again, I'm trying to is, how do you impose a
tariff on a show?
Speaker 3 (03:20):
How does that exactly even work?
Speaker 4 (03:24):
I'm thinking I said, well, okay, Rob Lowe's game show
makes money based upon the ads that they sell.
Speaker 3 (03:31):
Are they gonna have to.
Speaker 4 (03:32):
Calculate add up the ad revenue minus expense and then
add a tariff? Or when you go to the movie?
Do you go to see a movie? Let's say, what's
a movie I want to go see? Oh, the Smashing Machine?
I went to college marker, How I want to go
see the Smashing Machine?
Speaker 3 (03:50):
And am I gonna have.
Speaker 4 (03:51):
To pay a like a surcharge on my ticket as
a tariff?
Speaker 3 (03:56):
Coast inquiring minds.
Speaker 4 (04:01):
Want to know anyway property taxes. I gotta really hand it.
I know I've talked about this briefly here on the
program Ron DeSantis.
Speaker 3 (04:12):
Here in the state of Florida. He's awesome, he's killing.
Speaker 4 (04:16):
He's been going off and giving speeches about property taxes,
saying what we've been saying here on the program for
some time. They're not right, they're not fair. Quite frankly,
they're ridiculous. They are akin akin to feudalism medieval. You
never own your own property. You just pay land usage
(04:37):
rights to the lord. Who's the lord. Your local government
owned my property outright now you don't Okay, you don't
own your property. You don't own your house. Okay, try
try not paying the lord, the local government your property
taxes and see what happens. Okay, they're gonna take your house.
(05:02):
And we're at a point in time right now when
housing affordability has never been this bad, it has never
ever been this bed. Meaning we've got many senior citizens
who've seen their price. You know, they've been in the
(05:23):
house for thirty years, forty years, They've got no gain
on the house. They're living in the same house. Yet
they've got to pay more and more and more to
the lord to the point when hey, you know what,
they can't afford it anymore. And then they got to
listen to Tom Selleck and take out some sort of
reverse mortgage just to keep up with the damn bills.
(05:46):
That's America. No, it's nonsense, and Desantus is trying to
do something about it again, I hope, and I'm people listening.
They've got, you know, stations all over the country that
people get wind of this.
Speaker 3 (06:02):
Again.
Speaker 4 (06:03):
I had I do another radio show. It's entitled work
Time and Effort. It's after named after my book, Work
Time and Effort. And I bring people from various different
businesses and entrepreneurs on the program to.
Speaker 3 (06:14):
Talk about their business. And I had a guy who.
Speaker 4 (06:16):
Run, say, a property appraisal business, and he was saying,
they actually teach that during the appraisal classes. The certification
is that you don't really own a house, you don't
really own a property, you're just buying land usage rights.
Speaker 3 (06:33):
It's what we got, what we got.
Speaker 4 (06:35):
And again, these statistics were kind of frightened too in
regards to where we're at housing here in this country.
In nineteen fifty fifty percent, fifty percent of the population
was married and had a home by the time they
were thirty nineteen sixty, it was fifty two percent nineteen
seventy forty eight percent nineteen eighty forty five percent, ninety
(06:58):
forty three percent, two thousand and thirty five percent. We're
at twelve percent today.
Speaker 3 (07:05):
That's the problem. I think that's a problem.
Speaker 4 (07:07):
Twelve percent of thirty year olds are married and own
a home. Anyway, Economic numbers, Okay.
Speaker 3 (07:20):
It's it's getting rough out there. Okay, let's just be honest.
Speaker 4 (07:22):
Okay, we told you everything that was going to happen,
and we also told you that in the powers that be,
we're going to say everything is wonderful, everything's great.
Speaker 3 (07:30):
Well, ADP numbers went backwards.
Speaker 4 (07:34):
They were supposed to be up by fifty something thousand,
They were down by thirty something thousand. In the prior
month's revisions were to the downside. ADP. Okay, I trust
ADP's numbers a hell of a lot more than I
trust the government numbers. That's reality. We've got a really
weakening job market. And no, no, no, the Fed lowering
(07:55):
rates is not going to just here, I come to
save the day, mighty mouse, save the situation.
Speaker 3 (07:59):
Doesn't work that way.
Speaker 4 (08:01):
Consumer confidence is weakening, prices remain elevated. Now you take
a look at the president's poll numbers. When it comes
to the economy, they're not good.
Speaker 3 (08:15):
Yeah.
Speaker 4 (08:16):
I got that new guy on CNN. He's the pole guy.
He's kind of all, uh, you know, boisterous. Oh my god,
President's Paul.
Speaker 3 (08:23):
They're gonna fire.
Speaker 4 (08:23):
They're down, They're going how far they dropped on the
economy and economy.
Speaker 3 (08:27):
And people are not happy. Yeah, that's all well and good.
You know It's funny is the Democrats numbers are that
much worse.
Speaker 4 (08:37):
They've got nothing, They've got no leadership at all.
Speaker 3 (08:43):
They've gotten nothing.
Speaker 4 (08:45):
They have they have completely bought the crazy woke far
left crap hook line and sinker.
Speaker 3 (08:55):
Yeah.
Speaker 4 (08:55):
I had sent to me this this past week was
kind of blast in the past. Was actually campaign commercials
from Clinton Gore nineteen ninety two, Clinton.
Speaker 3 (09:09):
Gore nineteen ninety two.
Speaker 4 (09:10):
I met I saw a Bill Clinton campaign speech on
the quad at Syracuse University in nineteen ninety two, and
also it was I think I saw a State of
the Union address by Bill Clinton was like nineteen ninety five.
The ad, first and foremost was basically maga the good
(09:33):
parts of Mega Okay, no more legal immigration, a whole
thing on reform, ending welfare as we know, and how
it wasn't worked, you know, work requirements for welfare, all
of these things, the MAGA, this bill, Clinton for crying
out loud, this again, the Democratic they're so.
Speaker 3 (09:56):
Out.
Speaker 4 (09:57):
I mean, I say, out to lunch. I mean it's
not even that. I mean it's like an asylum over there.
They don't know what's up down sideways all over the place.
They've lost their minds. And quite frankly, you know, people
are it's great, that's great. What do you mean, Well, well,
that's bad.
Speaker 3 (10:17):
Okay.
Speaker 4 (10:18):
When you don't have any competition at all, what happens
You're gonna get kind of lazy, right, And I talk
about struggling. You have to have a viable and actually
not someone that's nuts, but a viable alternative. You know,
the whole concept of iron sharpens iron. They've gotten nothing
(10:39):
over They've got no ideas. ZIP never seen anything like this,
I really haven't. It's it's peculiar, to say the least. Anyway,
I have to talk about this as well. Again, I've
alluded to my experience. I've worked worked in New York
(11:00):
City for a very long time on Wall Street, and
some of the things just stay this way.
Speaker 3 (11:07):
I didn't see things.
Speaker 4 (11:10):
Firsthand, but I knew things were happening, you're around it,
you hear things. It's kind of hard for me to
explain it really.
Speaker 3 (11:20):
Is, but.
Speaker 4 (11:23):
I became aware that there's just that there's a there's
a really a presence of evil that exists.
Speaker 3 (11:31):
Have you ever ever.
Speaker 4 (11:32):
Been around someone or been around people or maybe even
a place and it kind of it's like the kid
from the Sixth Sense, I see dead people. You're not
seeing dead people, but you feel a presence. That's not right,
that's just it, that's just evil there.
Speaker 3 (11:52):
Yeah.
Speaker 4 (11:53):
Yeah, anyway, I mentioned this before the movie Eyes Wide
by Stanley Kubrick, and there's a lot of conspiracies around
that film as well, because they released it after his death,
and you know, people working on the movie said they
changed this movie a lot a lot after the fact,
(12:15):
and he wasn't happy because they were pushing him to
make changes. The movie was geared a hell of a
lot more towards pedophilia rings than what they had and
what eventually came out.
Speaker 3 (12:25):
But neither here nor there.
Speaker 4 (12:29):
Story this past week Howard Rubin, Howard Rubin, Well, they
eventually eventually caught the guy, Well eventually arrested the guy.
This guy who was a super wealthy financier buddies with
George Soros on the entire U you know circuit, the
entire philanthropy circuit in New York City, and they call
(12:51):
themselves philanthropists. I've been to some of these events. Okay,
they creeped me the hell out. Let's just leave it
at that. Some of the people that are there, Let's
just leave it at that. Look at the story about
this guy, what he did to women having a dungeon
high rise Manhattan. Las guy was connected to everybody electric cuity.
(13:15):
It's just awful, awful stuff. And again, this is the
things that happen on Wall Street. These these are who
these people are this past week, and the story got
little to no attention because of the shutdown. Oh yeah,
banking records coming out from Jeffrey Epstein being released.
Speaker 3 (13:38):
This is after he was convicted.
Speaker 4 (13:42):
Of pedophilia going after young girls, underage girls in Miami.
These banks kept doing business with this guy, whether it
be JP Morgan, whether it be Deutsche Bank, whether it
be TD, whether it be Wells Fargo. I can promise
you we don't have clients like that at Markowski Investments.
Speaker 3 (14:04):
I don't care how much money they are do you
understand how screwed up that is.
Speaker 4 (14:10):
You're willing to do business with guy just because he's
wealthy that abuses children. The reason why I'm yelling people,
and it means a wake up call to you out there.
Speaker 3 (14:21):
Maybe maybe you should start.
Speaker 4 (14:23):
Maybe you want to affect some change here in society.
Maybe choose who you do business with. Okay, maybe pay
closer attention. And I saw it this past week, people
canceling their Netflix accounts, and rightfully so because of the
the the crap, the children's programming crap that they're putting
(14:44):
on there, trying to try to groom kids into the
whole trans world, which is a whole other level of evil.
You know what, why would you do business with these
big firms, these big banks, knowing who they are and
who they'll do business with. That doesn't make any sense
(15:04):
to me. I'm not gonna go through the entire story.
You can look it up and see it yourself. It's gross.
Speaker 3 (15:09):
Hedge funds, all these people they knew who this guy was.
Speaker 4 (15:15):
Think about this. These same banks were canceling conservatives. They
were canceling conservatives under removing your bank account under Obama
and Biden.
Speaker 3 (15:28):
But no, no, no, no, no, no abuse. Children. Come
on in. We'll keep your business here.
Speaker 4 (15:35):
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot Com.
I apologize for yelling I do. I'm trying not to
do that. I get fired up over certain topics. To
say the least. Watchdog on wallstreet dot com is our
site again. Become a part of the Watchdog on Wall
Street family. Sign up our personal CFO program, podcast, newsletter,
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(15:58):
or give us a call eight hundred four seven four.
Speaker 2 (16:14):
You and me, we used to be ticking Wall streets liars, crooks,
and cheets out behind the woodshed. You're listening to the
Watchdog on Wall Street.
Speaker 3 (16:29):
Well, it's about time. About time. Uh yeah, what was it?
Speaker 2 (16:35):
Uh?
Speaker 4 (16:36):
October first? This past week, electric vehicle buyers no longer
get a federal tax credit. I have been screaming about
this thing forever.
Speaker 3 (16:49):
Again.
Speaker 4 (16:49):
We have these weird subsidies, and let's think about this, okay,
Especially when Tesla first came out, that was basically the
first real electric car company. I know Obama was trying
to get that whole Chevy Bolt thing going. I called
it the Chevy logic back in the day because the
car is completely illogical. But anyway still is I don't
even think they make them anymore. I think they're gone.
(17:13):
Why in the world, Why in the world should I
have to pay for someone else's car? Why should you
have to pay for someone else's car?
Speaker 3 (17:26):
Saving the environment? Really?
Speaker 4 (17:29):
Okay, if it was saving the environment, then why don't
we let all of these ten thousand dollars evs from
China come into the country, because then he whiz, they
would sell like hotcakes. Lots of people buy it could
afford those those EV's, and again it would save the environment. Right,
that's your goal, that's what you're telling me. Your goal
(17:51):
is is to save the environment. Right now, let all
the Chinese ones come in. But but, but, but you
can't do that. All about what do you think talking about?
You said, we're all gonna die due to climate change,
and we need to have these cars. Now, if someone
was drowning in a lake, someone was drowning in a
lake and you had to save them, and you know
(18:12):
you only had a Chinese made life preserver, the government says, no, no, nope,
can't use that Chinese made life preserver. Person's gonna have
to drown. Basically what they're saying, that's basically your argument
at this point in time. But yeah, no more evy
uh tax credits.
Speaker 3 (18:31):
You know it's funny too.
Speaker 4 (18:32):
This past week again, these absolutely some of these CEOs,
I fill a bow on CNBC. God bless him, he
kisses these these CEOs and these auto companies butts all
the time.
Speaker 3 (18:45):
They're embarrassing. I don't even know.
Speaker 4 (18:47):
Again, I couldn't do what they do. I really couldn't.
I couldn't, you know, assume the position like Kevin Bacon. Okay,
in Animal House, thank you, sir, m. I have another
doing whatever the government's telling you to do.
Speaker 3 (19:03):
Well. The CEO of General Motors, Mary Bara, has declared
General Motors you.
Speaker 4 (19:11):
Know well she said, well she declared this when was
this exact year, twenty twenty two?
Speaker 3 (19:17):
Okay, well three years ago.
Speaker 4 (19:19):
Three years ago, may Bara came out, I do declare,
I do decree that General Motors was ten years away
from quitting gas powered cars. And I made fun of
it on this very program at that time. I said,
you're a joke, your joke, it's not happening, no way,
no how up.
Speaker 3 (19:39):
Guess what up.
Speaker 4 (19:41):
She's out right now she's slamming the brakes on EV's.
Speaker 3 (19:48):
Listen.
Speaker 4 (19:49):
Okay, I gotta be somewhat compassionate here. I know you've
got to deal with the government, but at some point
in time, can we have some people in positions of
power that actually will stand up to the government, It
actually stand up to the nonsense that whatever president is
pushing at this point in time. We're not supposed to
have imperial presidencies. And I'll be honest with you, Okay,
(20:14):
be honest with you right now. You take a look
at the Trump administration. Trump administration, He's a Democrat as
Democrat could be.
Speaker 3 (20:23):
Okay. He is an f d R. He is FDR.
Speaker 4 (20:27):
He's taken stock positions and companies, he's doing all these things.
Speaker 3 (20:31):
He's FDR.
Speaker 4 (20:32):
So we got the Democratic Party basically based on FDR
versus the UH.
Speaker 3 (20:37):
I don't know the communists. Watch talk on Wall Street
dot com. We'll be back.
Speaker 2 (21:00):
This is the watchdog on Wall Street.
Speaker 3 (21:08):
I know it's gonna bother people. I know, and I
said it is. But you know, I'm gonna do the
old you know.
Speaker 4 (21:14):
Prove me wrong, prove me wrong. This is where we're
at right now. Okay, this is not good it's not
good when our government is taking positions in companies and
dictating to companies. And this is not this is FDR
(21:37):
type of stuff.
Speaker 3 (21:38):
Prove me wrong.
Speaker 4 (21:39):
Is that conservatism again conservative for the most part, you know,
outside a few true conservatism and kind is basically dead.
Speaker 3 (21:47):
I know that.
Speaker 4 (21:47):
I know I am in the minority. I don't care.
I'm not looking to be in the majority of the majority.
Is wrong, and again, prove me wrong. Prove me wrong.
We have in almost, like I said, an FDR style
(22:10):
slash Clinton style president right now versus we know the
Democrat are basically you know, far super far left communists crazy.
Speaker 3 (22:23):
That's how things. There's that's politics in this country right now.
Speaker 4 (22:27):
Again, I like, I like many of the things that
Donald Trump has done, just like I like many of
the things that Bill Clinton has done. But I am
a free market guy, free market guy, and when any
president starts taking the reins when it comes to the economy,
the free market, I've got a big problem with that
(22:50):
because we have got plenty of examples throughout world history
to show that's an absolute disaster, you know, walling your
country off. Why, right, we got an eye I'm sure
everything here to the United States. Yeah, the Soviet Union
did that too. That didn't work out too well. Didn't
work out too well. Command and control out of any
capital doesn't work. Look at Xijenping. Look at the failures
(23:13):
of Xixen Ping. You know they take a look at
where China is today, and you know they built a
lot and they continued to grow. But it was that
was done o their Deng Zhao Ping and Hushin Tao.
Let's be honest. He has screwed a lot up over
in that country because his insistence on wanting things out
(23:33):
of Beijing. We cannot insist on wunning things out of Washington,
d C. Now it's a little different in China because
he basically made himself dictator for life. We have elections
here in this country. We have elections here in this country,
and you need to understand the moral risks that we're undertaking.
Speaker 3 (23:56):
Imagine what if we played a game of what if?
What if? What if Aox the next president.
Speaker 4 (24:05):
And she decides to start investing and taking equity positions
and all sorts of green new deal type of companies. Again,
these are things that we need to understand, things that
These are areas that our founders told us, we're not
supposed to tread into Okay, moral hazard is is a
(24:26):
real thing. Oh, look at Intel stocks up by Trump
was a genius. No, you know, if he wanted to,
if he wanted to say, Okay, you know, Biden made
the mistake of handing out all of this money to Intel.
We're gonna take an equiposition that you say, no, we're
gonna hand the shares out to the American citizens.
Speaker 3 (24:46):
Okay, Okay.
Speaker 4 (24:48):
I don't know how they would make that happen, but
that makes a hell of a lot more sense.
Speaker 3 (24:55):
Anyway.
Speaker 4 (24:55):
Anyway, this was interesting. Again, this is part of what's
going to happen in New York City. This lady by
name of Catherine Wilde. She's president of the Partnership for
New York City, which advocates for the city and also
the financial industry. She was Ben interviews, interviewed on radio
(25:17):
in New York, was interviewed on CNBC, and.
Speaker 3 (25:20):
She looks like she saw ghost.
Speaker 4 (25:23):
Okay, she looks like she saw a ghost because of
this man Doommie and the things that he is pushing
right now. And the reality is is that I didn't
even realize this. Texas, the state of Texas has five
hundred and nineteen thousand financial sector employees. That's above New
York City with five hundred and seven thousand. The policies
(25:45):
that Mandomie is pushing, you're just going to see financial
companies just say, hey, we're going to open up satellite
offices in more satellite offices in Austin, Dallas, Houston, Nashville,
Palm Beach, Miami, Tampa.
Speaker 3 (26:03):
You know, that's what they're gonna do. It's what they're
gonna do.
Speaker 4 (26:07):
They're not going to I mean, they're gonna say, well,
you know why, I'm gonna have to pay all of
these employees that much more because he's gonna tax them
that much more. It's gonna cost of living is gonna
bet they're just gonna move it elsewhere without those employees
that they make up the bulk of the tax revenue
in New York City.
Speaker 3 (26:26):
You got mom da ah.
Speaker 4 (26:28):
Yeah.
Speaker 3 (26:28):
But he's gonna get free bus rides, free bus ride.
Speaker 4 (26:32):
It's kind of like there was an episode of the
Simpsons when Homer took over the garbage department.
Speaker 3 (26:37):
This was, man, this had to be like nineteen.
Speaker 4 (26:40):
I'm trying to figure nineteen ninety two nineteen ninety three,
and he starts promising everything, and he actually delivers on
all of his promises, and he bankrupts the city of
the town of Springfield where he lives, Like lickety split,
that's just gonna happen.
Speaker 3 (26:56):
Oh yeah, free busters.
Speaker 4 (26:58):
But there's a cost in with that. Again, the absolutely
insane world that we're living in. We talked about compounding.
Talked about compounding the very beginning of the program, rule
number one compounding being the royal road to riches, and
I also mentioned that it can work in the inverse.
(27:21):
Anybody who is in debt, high interest, credit card debt
understands this and how it can work against you.
Speaker 3 (27:30):
What an absolute disaster it can be.
Speaker 4 (27:34):
I saw this story this past week, and again I
felt really bad for these people. The journal does this today.
It's not true journalism in my opinion, it really isn't is.
They get an idea for a story and they find
people that fit that that that template that story and
the title the article student loan debt is strangling Generation X.
(27:58):
And I have to tell you I had no idea.
I had no idea what the debt loads were because
this is my generation. I'm Generation X. And what's going
on out there and how bad it is. But you
know what we're gonna talk about. I'm gonna take a
quick break right here, Watchdog on Wallstreet dot Com and
we're gonna talk about the power of compounding, not that
I just work against you, but how it works against you.
Speaker 3 (28:21):
Watchdog on Wallstreet dot Com will be.
Speaker 2 (28:23):
Back the only man who is taking on the Wall
(28:43):
Street establishment. You're listening to the Watchdog on Wall Street
with Chris Markowski.
Speaker 3 (28:52):
All right, welcome back everybody. And I was I was
really dismayed. Again the story bothered me.
Speaker 4 (28:58):
I didn't realize the the debt load for gen X
is really that bad my generation. You know again, six
million plus student loan borrowers that are aged between fifty
and sixty one. They have the highest average balance of
any age group at close to forty eight thousand dollars.
(29:19):
And I'm I'm saying to myself, I'm thinking to myself,
how the hell did that happen? I had student loans.
I had student loans. That was priority job one. Okay,
(29:40):
I graduate into a recession, Okay, worked on Wall Street
didn't It wasn't high paying, but that was basically an
apprentice was waiting tables bartended. I did everything I could
to get rid of that debt. My wife I get married, Okay,
she still had student debt, and I was like, what
are you doing here? I tackled that right away. We're
(30:02):
getting rid of this bad choices. I mean, we are
allowed to make mistakes. Okay, we're allowed to make mistakes
on It's one of the great things in this country.
I talk about all the time. To see you start
a business, it fails, Okay, you pick yourself back.
Speaker 3 (30:17):
Up and you move on. But you better learn. You
better learn from your mistakes.
Speaker 4 (30:25):
And guess what, the mistake is not going to just
go away until you actually deal with it. And in
this column in the Wall Street Journal, you got three
different people, and I'm looking at what they've done, you know,
going back to college later on to get an MBA
for what this one person adds all of this dead on.
(30:46):
This other person, Oh, but putting their loans into four barons.
Speaker 3 (30:49):
Ah, yeah, we're not have to pay for it. Look
at that. It's awesome. COVID. We'll stop paying. It's still
a cruent interest.
Speaker 2 (30:54):
Man.
Speaker 4 (30:56):
What one guy's the Cairo practice for crying out loud?
He borrowed seventy four dollars to go to cairopractor school.
Speaker 3 (31:02):
You know what a student loan dead is right.
Speaker 4 (31:04):
Now, three hundred thousand, fifty five years old.
Speaker 3 (31:11):
You didn't deal with it. How do you deal with
that problem? Well, you know what.
Speaker 4 (31:16):
I'm sorry, Okay, you have to go out. You have
to go out, and you have to do what is necessary.
Speaker 3 (31:24):
I'm sorry. I hear the SOB stories all the time.
Speaker 4 (31:26):
I don't care if you've got to power wash houses
on the weekend, I don't care. If you've got a
bartend you gotta mow launch. You take care of this.
You handle this. The earlier you do, the better off
you are. You understand, you will compound problems.
Speaker 3 (31:42):
Watchdog on Wallstreet dot Com We'll be back.
Speaker 2 (32:02):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.
Speaker 3 (32:10):
Oh boy Cool the Gang. Yeah.
Speaker 4 (32:17):
I took my first girlfriend to see uh cool in
the Gang againness before I could drive parents, drop me
off at the Colony Coliseum. Way way, way way anyway.
Welcome back, everybody. It's the Watchdog on Wall Street show.
So you've got all of these progressive We're progressive, progressive lawmakers,
(32:42):
and they keep talking about we're gonna put a ban
on stock trading.
Speaker 3 (32:46):
We're gonna put a ban on it. Yeah, we're gonna
It's terrible. This is awful.
Speaker 4 (32:50):
How many times I've heard this again? It drives me nuts.
But again, this is just proof that they're just putting
on some BS show. Peter Schweitz wrote a book I
think was released in late twenty ten, either twenty eleven.
Speaker 3 (33:06):
It was entitled to Throw Them All Out.
Speaker 4 (33:09):
I actually had them on as a guest as back
then I had a drive time program, Throw Them All Out,
And he was basically exposing how all these people in Washington, DC, Democrats, Republicans,
how they enriched themselves via insider trading and insider deals. Now,
back then it wasn't just members of Congress, their staffers
(33:34):
as well were allowed to participate. And let's just put it,
that's what put Gordon Gecko in jail in the movie
Wall Street insider trading, having insider information.
Speaker 3 (33:49):
Now we've been told again and again and again.
Speaker 4 (33:51):
I'll do that, and you're only gonna put your funds
into a brine trust somewhere.
Speaker 3 (33:56):
I don't see what they're doing.
Speaker 4 (33:59):
Again you're going to insult our intelligence again, Dan, I'll
reference Wall Street. You remember what Gordon Gecko used to
do when he wanted to push a stock in a
certain direction. Remember, he would call up they called it
the Wall Street Chronicle. He had a source at the
Wall Street Chronicle, and he'd say, Blue Horseshoe loves whatever
(34:21):
stock it was, and they'd write a story about it
and pump it up. I remember Dan Dorfman used to
do that crap on CNBC way.
Speaker 3 (34:28):
Back in the day.
Speaker 4 (34:30):
You don't think these members of Congress can call up
their advisor and say, uh, Red Donkey loves.
Speaker 3 (34:37):
This, Purple Elephant loves this. And you don't think that
they do that.
Speaker 4 (34:44):
Yeah, as it turns out, adget you take a look
at the numbers here. Wow, somebody actually beat Pelosi. This guy,
Morgan McGarvey out of Kentucky showed himself a one hundred
and six percent return on his stock portfolio last year. Yeah,
Pelosi had seventy one percent.
Speaker 3 (35:05):
Ro Conna.
Speaker 4 (35:07):
Rocanna out of California. You don't know how many trades
he's done since he's been a member of Congress. In
twenty seventeen, thirty four thousand, two hundred and seventy two.
What thirty four thousand, two hundred and seventy two trades
since two thousand and seventy uh Where do you have
to find the time to work, buddy, Where actually do
(35:31):
you find the time to work? Again, they're telling you
they're going to police it. And it's just interesting. All
of these progressives that are jumping up and down about this.
Speaker 3 (35:40):
They all do it. They all do it again. They
want you to think and this is one thing they needed.
Speaker 4 (35:46):
They want you to think that they're on the up
and offer and they're actually trying to do something, but
they're not. Again, you watch the net worth of these
members of common and again, they're supposed to be public servants, right,
supposed to be public servants. And I do community service
(36:06):
work and I've done it for decades and I do
it in all with kids and coaching and all this stuff.
I would never take a dime, never take a dime.
But these people use their positions of power and influence
to enrich themselves and their families.
Speaker 3 (36:21):
I yeah, I couldn't.
Speaker 4 (36:24):
I could never do that. I know I could never
ever do that. You got to stand you you you're
supposed to be.
Speaker 3 (36:33):
There to serve. And again it is the revolving door.
Speaker 4 (36:38):
You know, they might get voted out of office, or
they decide that enough's enough, and oh they they got
a nice little safe landing spot on either CNN or
MSNBC or Fox News and they can be a contributor.
Speaker 3 (36:51):
It's just or or you know, you go work at
a college, end up becoming.
Speaker 4 (36:55):
A chancellor someday, get some no show job at a
private equa firm or lobbying. Of course, either way, you're
staying within the Beltway because that's where the money is.
That's that's where the money is. Where you really don't
have to work for it. You don't have to work
for it. You just have your Rolodex and who you
(37:16):
can call up and who you can ask for a
favor here or there. And every single time I go
to Washington, DC, you know that that feeling I was
telling about, either that little evil feeling that comes over.
Speaker 3 (37:28):
I get that one. I'm there.
Speaker 4 (37:32):
I get that one i'm there. I get it in
certain spots in New York City, and I also get
it when I'm in Washington, DC because I know exactly
what's going on. Anyway, there's another big cea I told
you so a moment. More colleges are in deep do doo.
Enrollment is going down, financial pressures are mounting, less foreign
(37:54):
students coming into the country, more difficult to get visas.
And you need to understand the foreigners coming into this
country are coming here to go to college because they
didn't get in more likely didn't get into the college
back home, and they're paying full freight. They're paying ful
freight financial aid or anything like that. So they're getting
(38:16):
hit many of these college and universities unfortunately because the
leadership that they have there are not willing to make
the necessary changes to move towards may have a hybrid
vocational model as well.
Speaker 3 (38:31):
I think it would be great.
Speaker 4 (38:32):
You know, why not teach entrepreneurship to people that want
to be on an electrician, a plumber, you know, carpent
whatever it may be, or and also as well, maybe
take a philosophy course here and there. They're going to
either adapt or they're going to die. Let's just leave
it at that, because the finances at many of these
institutions just playing awful. Anyway, holysh Snykes, we're out of time.
(38:56):
Watch Dog on Wall Street dot Com again. Our site
become a part of the Watchdog on Wall Street family,
personal CFO program, podcast, newsletter, God Bless everybody.
Speaker 3 (39:05):
We'll see you next week. The girlfriend I got the
moneys him from Where from?
Speaker 2 (39:17):
Chris Markowski is the watch dog of Wall Street
Oh well, no one altered investment banking, consumer advocate analyst
trader Chris Markowski is the watchdog Wall Street.
Speaker 2 (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.
Speaker 3 (00:27):
You can't handle the true proof.
Speaker 2 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 4 (00:34):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 2 (00:39):
This is the watchdog Wall Streets.
Speaker 4 (00:43):
I'm gonna pull a Steve Jobs here and one more
thing on Kim. Please explain this to me. Okay, this
was a Trump tweet. This past week, our movie making
business has been stolen from the United States of America
by the countries, just like stealing candy from a baby. No, mister, President,
(01:05):
has nothing to do like stealing candy from a baby. California,
with its weekend incompetent governor, has been particularly hard hit. Therefore,
in order to solve this long time, never ending problem,
I will be imposing a one hund tariff on any
and all movies that are made outside of the United States.
Speaker 3 (01:23):
Thank you. For your attention to this matter.
Speaker 4 (01:29):
Okay, movies have been made outside the United States for
some time. I mean I found it fascinating that the
Great John Adams documentary and HBO, I think it was
done in Hungary. Rob Lowe's Game Show with American contestants is.
Speaker 3 (01:47):
It's either Dublin or London it's being filmed.
Speaker 4 (01:51):
It's actually cheaper for them to send the guests. Remember
back in the day when the nineteen seventies and eighties
guests priceless rights stay at the Marriott Marquee in Times
Square with the famous rooftop rotating rest. I mean, no, nope, nope, nope, nope,
nope nope, not affordable, cheaper to actually ship the contestants
(02:14):
to London and do the game show there. Oh yeah,
the Marvel movies they're there's all done over there. Mel
Gibson's doing the Resurrection of the Christ doing that in Rome.
Why why, mister President, is this the case? No one's
stealing anything. We're just not competitive. Again, Georgia was doing
(02:40):
well for a period of time. They were filming a
lot in the state of Georgia. But yeah, we've got
these got these contracts with the workers and insurance costs
health insurance in particular, which is very, very expensive here
in the United States.
Speaker 3 (02:58):
So she to make the films elsewhere.
Speaker 4 (03:01):
What you don't think the Hollywood liberals are going to
take a hit on the salaries that they're making to
make these productions for everything else?
Speaker 3 (03:09):
Do you how do you plan on it?
Speaker 4 (03:13):
Again, I'm trying to is, how do you impose a
tariff on a show?
Speaker 3 (03:20):
How does that exactly even work?
Speaker 4 (03:24):
I'm thinking I said, well, okay, Rob Lowe's game show
makes money based upon the ads that they sell.
Speaker 3 (03:31):
Are they gonna have to.
Speaker 4 (03:32):
Calculate add up the ad revenue minus expense and then
add a tariff? Or when you go to the movie?
Do you go to see a movie? Let's say, what's
a movie I want to go see? Oh, the Smashing Machine?
I went to college marker, How I want to go
see the Smashing Machine?
Speaker 3 (03:50):
And am I gonna have.
Speaker 4 (03:51):
To pay a like a surcharge on my ticket as
a tariff?
Speaker 3 (03:56):
Coast inquiring minds.
Speaker 4 (04:01):
Want to know anyway property taxes. I gotta really hand it.
I know I've talked about this briefly here on the
program Ron DeSantis.
Speaker 3 (04:12):
Here in the state of Florida. He's awesome, he's killing.
Speaker 4 (04:16):
He's been going off and giving speeches about property taxes,
saying what we've been saying here on the program for
some time. They're not right, they're not fair. Quite frankly,
they're ridiculous. They are akin akin to feudalism medieval. You
never own your own property. You just pay land usage
(04:37):
rights to the lord. Who's the lord. Your local government
owned my property outright now you don't Okay, you don't
own your property. You don't own your house. Okay, try
try not paying the lord, the local government your property
taxes and see what happens. Okay, they're gonna take your house.
(05:02):
And we're at a point in time right now when
housing affordability has never been this bad, it has never
ever been this bed. Meaning we've got many senior citizens
who've seen their price. You know, they've been in the
(05:23):
house for thirty years, forty years, They've got no gain
on the house. They're living in the same house. Yet
they've got to pay more and more and more to
the lord to the point when hey, you know what,
they can't afford it anymore. And then they got to
listen to Tom Selleck and take out some sort of
reverse mortgage just to keep up with the damn bills.
(05:46):
That's America. No, it's nonsense, and Desantus is trying to
do something about it again, I hope, and I'm people listening.
They've got, you know, stations all over the country that
people get wind of this.
Speaker 3 (06:02):
Again.
Speaker 4 (06:03):
I had I do another radio show. It's entitled work
Time and Effort. It's after named after my book, Work
Time and Effort. And I bring people from various different
businesses and entrepreneurs on the program to.
Speaker 3 (06:14):
Talk about their business. And I had a guy who.
Speaker 4 (06:16):
Run, say, a property appraisal business, and he was saying,
they actually teach that during the appraisal classes. The certification
is that you don't really own a house, you don't
really own a property, you're just buying land usage rights.
Speaker 3 (06:33):
It's what we got, what we got.
Speaker 4 (06:35):
And again, these statistics were kind of frightened too in
regards to where we're at housing here in this country.
In nineteen fifty fifty percent, fifty percent of the population
was married and had a home by the time they
were thirty nineteen sixty, it was fifty two percent nineteen
seventy forty eight percent nineteen eighty forty five percent, ninety
(06:58):
forty three percent, two thousand and thirty five percent. We're
at twelve percent today.
Speaker 3 (07:05):
That's the problem. I think that's a problem.
Speaker 4 (07:07):
Twelve percent of thirty year olds are married and own
a home. Anyway, Economic numbers, Okay.
Speaker 3 (07:20):
It's it's getting rough out there. Okay, let's just be honest.
Speaker 4 (07:22):
Okay, we told you everything that was going to happen,
and we also told you that in the powers that be,
we're going to say everything is wonderful, everything's great.
Speaker 3 (07:30):
Well, ADP numbers went backwards.
Speaker 4 (07:34):
They were supposed to be up by fifty something thousand,
They were down by thirty something thousand. In the prior
month's revisions were to the downside. ADP. Okay, I trust
ADP's numbers a hell of a lot more than I
trust the government numbers. That's reality. We've got a really
weakening job market. And no, no, no, the Fed lowering
(07:55):
rates is not going to just here, I come to
save the day, mighty mouse, save the situation.
Speaker 3 (07:59):
Doesn't work that way.
Speaker 4 (08:01):
Consumer confidence is weakening, prices remain elevated. Now you take
a look at the president's poll numbers. When it comes
to the economy, they're not good.
Speaker 3 (08:15):
Yeah.
Speaker 4 (08:16):
I got that new guy on CNN. He's the pole guy.
He's kind of all, uh, you know, boisterous. Oh my god,
President's Paul.
Speaker 3 (08:23):
They're gonna fire.
Speaker 4 (08:23):
They're down, They're going how far they dropped on the
economy and economy.
Speaker 3 (08:27):
And people are not happy. Yeah, that's all well and good.
You know It's funny is the Democrats numbers are that
much worse.
Speaker 4 (08:37):
They've got nothing, They've got no leadership at all.
Speaker 3 (08:43):
They've gotten nothing.
Speaker 4 (08:45):
They have they have completely bought the crazy woke far
left crap hook line and sinker.
Speaker 3 (08:55):
Yeah.
Speaker 4 (08:55):
I had sent to me this this past week was
kind of blast in the past. Was actually campaign commercials
from Clinton Gore nineteen ninety two, Clinton.
Speaker 3 (09:09):
Gore nineteen ninety two.
Speaker 4 (09:10):
I met I saw a Bill Clinton campaign speech on
the quad at Syracuse University in nineteen ninety two, and
also it was I think I saw a State of
the Union address by Bill Clinton was like nineteen ninety five.
The ad, first and foremost was basically maga the good
(09:33):
parts of Mega Okay, no more legal immigration, a whole
thing on reform, ending welfare as we know, and how
it wasn't worked, you know, work requirements for welfare, all
of these things, the MAGA, this bill, Clinton for crying
out loud, this again, the Democratic they're so.
Speaker 3 (09:56):
Out.
Speaker 4 (09:57):
I mean, I say, out to lunch. I mean it's
not even that. I mean it's like an asylum over there.
They don't know what's up down sideways all over the place.
They've lost their minds. And quite frankly, you know, people
are it's great, that's great. What do you mean, Well, well,
that's bad.
Speaker 3 (10:17):
Okay.
Speaker 4 (10:18):
When you don't have any competition at all, what happens
You're gonna get kind of lazy, right, And I talk
about struggling. You have to have a viable and actually
not someone that's nuts, but a viable alternative. You know,
the whole concept of iron sharpens iron. They've gotten nothing
(10:39):
over They've got no ideas. ZIP never seen anything like this,
I really haven't. It's it's peculiar, to say the least. Anyway,
I have to talk about this as well. Again, I've
alluded to my experience. I've worked worked in New York
(11:00):
City for a very long time on Wall Street, and
some of the things just stay this way.
Speaker 3 (11:07):
I didn't see things.
Speaker 4 (11:10):
Firsthand, but I knew things were happening, you're around it,
you hear things. It's kind of hard for me to
explain it really.
Speaker 3 (11:20):
Is, but.
Speaker 4 (11:23):
I became aware that there's just that there's a there's
a really a presence of evil that exists.
Speaker 3 (11:31):
Have you ever ever.
Speaker 4 (11:32):
Been around someone or been around people or maybe even
a place and it kind of it's like the kid
from the Sixth Sense, I see dead people. You're not
seeing dead people, but you feel a presence. That's not right,
that's just it, that's just evil there.
Speaker 3 (11:52):
Yeah.
Speaker 4 (11:53):
Yeah, anyway, I mentioned this before the movie Eyes Wide
by Stanley Kubrick, and there's a lot of conspiracies around
that film as well, because they released it after his death,
and you know, people working on the movie said they
changed this movie a lot a lot after the fact,
(12:15):
and he wasn't happy because they were pushing him to
make changes. The movie was geared a hell of a
lot more towards pedophilia rings than what they had and
what eventually came out.
Speaker 3 (12:25):
But neither here nor there.
Speaker 4 (12:29):
Story this past week Howard Rubin, Howard Rubin, Well, they
eventually eventually caught the guy, Well eventually arrested the guy.
This guy who was a super wealthy financier buddies with
George Soros on the entire U you know circuit, the
entire philanthropy circuit in New York City, and they call
(12:51):
themselves philanthropists. I've been to some of these events. Okay,
they creeped me the hell out. Let's just leave it
at that. Some of the people that are there, Let's
just leave it at that. Look at the story about
this guy, what he did to women having a dungeon
high rise Manhattan. Las guy was connected to everybody electric cuity.
(13:15):
It's just awful, awful stuff. And again, this is the
things that happen on Wall Street. These these are who
these people are this past week, and the story got
little to no attention because of the shutdown. Oh yeah,
banking records coming out from Jeffrey Epstein being released.
Speaker 3 (13:38):
This is after he was convicted.
Speaker 4 (13:42):
Of pedophilia going after young girls, underage girls in Miami.
These banks kept doing business with this guy, whether it
be JP Morgan, whether it be Deutsche Bank, whether it
be TD, whether it be Wells Fargo. I can promise
you we don't have clients like that at Markowski Investments.
Speaker 3 (14:04):
I don't care how much money they are do you
understand how screwed up that is.
Speaker 4 (14:10):
You're willing to do business with guy just because he's
wealthy that abuses children. The reason why I'm yelling people,
and it means a wake up call to you out there.
Speaker 3 (14:21):
Maybe maybe you should start.
Speaker 4 (14:23):
Maybe you want to affect some change here in society.
Maybe choose who you do business with. Okay, maybe pay
closer attention. And I saw it this past week, people
canceling their Netflix accounts, and rightfully so because of the
the the crap, the children's programming crap that they're putting
(14:44):
on there, trying to try to groom kids into the
whole trans world, which is a whole other level of evil.
You know what, why would you do business with these
big firms, these big banks, knowing who they are and
who they'll do business with. That doesn't make any sense
(15:04):
to me. I'm not gonna go through the entire story.
You can look it up and see it yourself. It's gross.
Speaker 3 (15:09):
Hedge funds, all these people they knew who this guy was.
Speaker 4 (15:15):
Think about this. These same banks were canceling conservatives. They
were canceling conservatives under removing your bank account under Obama
and Biden.
Speaker 3 (15:28):
But no, no, no, no, no, no abuse. Children. Come
on in. We'll keep your business here.
Speaker 4 (15:35):
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot Com.
I apologize for yelling I do. I'm trying not to
do that. I get fired up over certain topics. To
say the least. Watchdog on wallstreet dot com is our
site again. Become a part of the Watchdog on Wall
Street family. Sign up our personal CFO program, podcast, newsletter,
all sorts of great stuff Watchdog on Wallstreet dot com,
(15:58):
or give us a call eight hundred four seven four.
Speaker 2 (16:14):
You and me, we used to be ticking Wall streets liars, crooks,
and cheets out behind the woodshed. You're listening to the
Watchdog on Wall Street.
Speaker 3 (16:29):
Well, it's about time. About time. Uh yeah, what was it?
Speaker 2 (16:35):
Uh?
Speaker 4 (16:36):
October first? This past week, electric vehicle buyers no longer
get a federal tax credit. I have been screaming about
this thing forever.
Speaker 3 (16:49):
Again.
Speaker 4 (16:49):
We have these weird subsidies, and let's think about this, okay,
Especially when Tesla first came out, that was basically the
first real electric car company. I know Obama was trying
to get that whole Chevy Bolt thing going. I called
it the Chevy logic back in the day because the
car is completely illogical. But anyway still is I don't
even think they make them anymore. I think they're gone.
(17:13):
Why in the world, Why in the world should I
have to pay for someone else's car? Why should you
have to pay for someone else's car?
Speaker 3 (17:26):
Saving the environment? Really?
Speaker 4 (17:29):
Okay, if it was saving the environment, then why don't
we let all of these ten thousand dollars evs from
China come into the country, because then he whiz, they
would sell like hotcakes. Lots of people buy it could
afford those those EV's, and again it would save the environment. Right,
that's your goal, that's what you're telling me. Your goal
(17:51):
is is to save the environment. Right now, let all
the Chinese ones come in. But but, but, but you
can't do that. All about what do you think talking about?
You said, we're all gonna die due to climate change,
and we need to have these cars. Now, if someone
was drowning in a lake, someone was drowning in a
lake and you had to save them, and you know
(18:12):
you only had a Chinese made life preserver, the government says, no, no, nope,
can't use that Chinese made life preserver. Person's gonna have
to drown. Basically what they're saying, that's basically your argument
at this point in time. But yeah, no more evy
uh tax credits.
Speaker 3 (18:31):
You know it's funny too.
Speaker 4 (18:32):
This past week again, these absolutely some of these CEOs,
I fill a bow on CNBC. God bless him, he
kisses these these CEOs and these auto companies butts all
the time.
Speaker 3 (18:45):
They're embarrassing. I don't even know.
Speaker 4 (18:47):
Again, I couldn't do what they do. I really couldn't.
I couldn't, you know, assume the position like Kevin Bacon. Okay,
in Animal House, thank you, sir, m. I have another
doing whatever the government's telling you to do.
Speaker 3 (19:03):
Well. The CEO of General Motors, Mary Bara, has declared
General Motors you.
Speaker 4 (19:11):
Know well she said, well she declared this when was
this exact year, twenty twenty two?
Speaker 3 (19:17):
Okay, well three years ago.
Speaker 4 (19:19):
Three years ago, may Bara came out, I do declare,
I do decree that General Motors was ten years away
from quitting gas powered cars. And I made fun of
it on this very program at that time. I said,
you're a joke, your joke, it's not happening, no way,
no how up.
Speaker 3 (19:39):
Guess what up.
Speaker 4 (19:41):
She's out right now she's slamming the brakes on EV's.
Speaker 3 (19:48):
Listen.
Speaker 4 (19:49):
Okay, I gotta be somewhat compassionate here. I know you've
got to deal with the government, but at some point
in time, can we have some people in positions of
power that actually will stand up to the government, It
actually stand up to the nonsense that whatever president is
pushing at this point in time. We're not supposed to
have imperial presidencies. And I'll be honest with you, Okay,
(20:14):
be honest with you right now. You take a look
at the Trump administration. Trump administration, He's a Democrat as
Democrat could be.
Speaker 3 (20:23):
Okay. He is an f d R. He is FDR.
Speaker 4 (20:27):
He's taken stock positions and companies, he's doing all these things.
Speaker 3 (20:31):
He's FDR.
Speaker 4 (20:32):
So we got the Democratic Party basically based on FDR
versus the UH.
Speaker 3 (20:37):
I don't know the communists. Watch talk on Wall Street
dot com. We'll be back.
Speaker 2 (21:00):
This is the watchdog on Wall Street.
Speaker 3 (21:08):
I know it's gonna bother people. I know, and I
said it is. But you know, I'm gonna do the
old you know.
Speaker 4 (21:14):
Prove me wrong, prove me wrong. This is where we're
at right now. Okay, this is not good it's not
good when our government is taking positions in companies and
dictating to companies. And this is not this is FDR
(21:37):
type of stuff.
Speaker 3 (21:38):
Prove me wrong.
Speaker 4 (21:39):
Is that conservatism again conservative for the most part, you know,
outside a few true conservatism and kind is basically dead.
Speaker 3 (21:47):
I know that.
Speaker 4 (21:47):
I know I am in the minority. I don't care.
I'm not looking to be in the majority of the majority.
Is wrong, and again, prove me wrong. Prove me wrong.
We have in almost, like I said, an FDR style
(22:10):
slash Clinton style president right now versus we know the
Democrat are basically you know, far super far left communists crazy.
Speaker 3 (22:23):
That's how things. There's that's politics in this country right now.
Speaker 4 (22:27):
Again, I like, I like many of the things that
Donald Trump has done, just like I like many of
the things that Bill Clinton has done. But I am
a free market guy, free market guy, and when any
president starts taking the reins when it comes to the economy,
the free market, I've got a big problem with that
(22:50):
because we have got plenty of examples throughout world history
to show that's an absolute disaster, you know, walling your
country off. Why, right, we got an eye I'm sure
everything here to the United States. Yeah, the Soviet Union
did that too. That didn't work out too well. Didn't
work out too well. Command and control out of any
capital doesn't work. Look at Xijenping. Look at the failures
(23:13):
of Xixen Ping. You know they take a look at
where China is today, and you know they built a
lot and they continued to grow. But it was that
was done o their Deng Zhao Ping and Hushin Tao.
Let's be honest. He has screwed a lot up over
in that country because his insistence on wanting things out
(23:33):
of Beijing. We cannot insist on wunning things out of Washington,
d C. Now it's a little different in China because
he basically made himself dictator for life. We have elections
here in this country. We have elections here in this country,
and you need to understand the moral risks that we're undertaking.
Speaker 3 (23:56):
Imagine what if we played a game of what if?
What if? What if Aox the next president.
Speaker 4 (24:05):
And she decides to start investing and taking equity positions
and all sorts of green new deal type of companies. Again,
these are things that we need to understand, things that
These are areas that our founders told us, we're not
supposed to tread into Okay, moral hazard is is a
(24:26):
real thing. Oh, look at Intel stocks up by Trump
was a genius. No, you know, if he wanted to,
if he wanted to say, Okay, you know, Biden made
the mistake of handing out all of this money to Intel.
We're gonna take an equiposition that you say, no, we're
gonna hand the shares out to the American citizens.
Speaker 3 (24:46):
Okay, Okay.
Speaker 4 (24:48):
I don't know how they would make that happen, but
that makes a hell of a lot more sense.
Speaker 3 (24:55):
Anyway.
Speaker 4 (24:55):
Anyway, this was interesting. Again, this is part of what's
going to happen in New York City. This lady by
name of Catherine Wilde. She's president of the Partnership for
New York City, which advocates for the city and also
the financial industry. She was Ben interviews, interviewed on radio
(25:17):
in New York, was interviewed on CNBC, and.
Speaker 3 (25:20):
She looks like she saw ghost.
Speaker 4 (25:23):
Okay, she looks like she saw a ghost because of
this man Doommie and the things that he is pushing
right now. And the reality is is that I didn't
even realize this. Texas, the state of Texas has five
hundred and nineteen thousand financial sector employees. That's above New
York City with five hundred and seven thousand. The policies
(25:45):
that Mandomie is pushing, you're just going to see financial
companies just say, hey, we're going to open up satellite
offices in more satellite offices in Austin, Dallas, Houston, Nashville,
Palm Beach, Miami, Tampa.
Speaker 3 (26:03):
You know, that's what they're gonna do. It's what they're
gonna do.
Speaker 4 (26:07):
They're not going to I mean, they're gonna say, well,
you know why, I'm gonna have to pay all of
these employees that much more because he's gonna tax them
that much more. It's gonna cost of living is gonna
bet they're just gonna move it elsewhere without those employees
that they make up the bulk of the tax revenue
in New York City.
Speaker 3 (26:26):
You got mom da ah.
Speaker 4 (26:28):
Yeah.
Speaker 3 (26:28):
But he's gonna get free bus rides, free bus ride.
Speaker 4 (26:32):
It's kind of like there was an episode of the
Simpsons when Homer took over the garbage department.
Speaker 3 (26:37):
This was, man, this had to be like nineteen.
Speaker 4 (26:40):
I'm trying to figure nineteen ninety two nineteen ninety three,
and he starts promising everything, and he actually delivers on
all of his promises, and he bankrupts the city of
the town of Springfield where he lives, Like lickety split,
that's just gonna happen.
Speaker 3 (26:56):
Oh yeah, free busters.
Speaker 4 (26:58):
But there's a cost in with that. Again, the absolutely
insane world that we're living in. We talked about compounding.
Talked about compounding the very beginning of the program, rule
number one compounding being the royal road to riches, and
I also mentioned that it can work in the inverse.
(27:21):
Anybody who is in debt, high interest, credit card debt
understands this and how it can work against you.
Speaker 3 (27:30):
What an absolute disaster it can be.
Speaker 4 (27:34):
I saw this story this past week, and again I
felt really bad for these people. The journal does this today.
It's not true journalism in my opinion, it really isn't is.
They get an idea for a story and they find
people that fit that that that template that story and
the title the article student loan debt is strangling Generation X.
(27:58):
And I have to tell you I had no idea.
I had no idea what the debt loads were because
this is my generation. I'm Generation X. And what's going
on out there and how bad it is. But you
know what we're gonna talk about. I'm gonna take a
quick break right here, Watchdog on Wallstreet dot Com and
we're gonna talk about the power of compounding, not that
I just work against you, but how it works against you.
Speaker 3 (28:21):
Watchdog on Wallstreet dot Com will be.
Speaker 2 (28:23):
Back the only man who is taking on the Wall
(28:43):
Street establishment. You're listening to the Watchdog on Wall Street
with Chris Markowski.
Speaker 3 (28:52):
All right, welcome back everybody. And I was I was
really dismayed. Again the story bothered me.
Speaker 4 (28:58):
I didn't realize the the debt load for gen X
is really that bad my generation. You know again, six
million plus student loan borrowers that are aged between fifty
and sixty one. They have the highest average balance of
any age group at close to forty eight thousand dollars.
(29:19):
And I'm I'm saying to myself, I'm thinking to myself,
how the hell did that happen? I had student loans.
I had student loans. That was priority job one. Okay,
(29:40):
I graduate into a recession, Okay, worked on Wall Street
didn't It wasn't high paying, but that was basically an
apprentice was waiting tables bartended. I did everything I could
to get rid of that debt. My wife I get married, Okay,
she still had student debt, and I was like, what
are you doing here? I tackled that right away. We're
(30:02):
getting rid of this bad choices. I mean, we are
allowed to make mistakes. Okay, we're allowed to make mistakes
on It's one of the great things in this country.
I talk about all the time. To see you start
a business, it fails, Okay, you pick yourself back.
Speaker 3 (30:17):
Up and you move on. But you better learn. You
better learn from your mistakes.
Speaker 4 (30:25):
And guess what, the mistake is not going to just
go away until you actually deal with it. And in
this column in the Wall Street Journal, you got three
different people, and I'm looking at what they've done, you know,
going back to college later on to get an MBA
for what this one person adds all of this dead on.
(30:46):
This other person, Oh, but putting their loans into four barons.
Speaker 3 (30:49):
Ah, yeah, we're not have to pay for it. Look
at that. It's awesome. COVID. We'll stop paying. It's still
a cruent interest.
Speaker 2 (30:54):
Man.
Speaker 4 (30:56):
What one guy's the Cairo practice for crying out loud?
He borrowed seventy four dollars to go to cairopractor school.
Speaker 3 (31:02):
You know what a student loan dead is right.
Speaker 4 (31:04):
Now, three hundred thousand, fifty five years old.
Speaker 3 (31:11):
You didn't deal with it. How do you deal with
that problem? Well, you know what.
Speaker 4 (31:16):
I'm sorry, Okay, you have to go out. You have
to go out, and you have to do what is necessary.
Speaker 3 (31:24):
I'm sorry. I hear the SOB stories all the time.
Speaker 4 (31:26):
I don't care if you've got to power wash houses
on the weekend, I don't care. If you've got a
bartend you gotta mow launch. You take care of this.
You handle this. The earlier you do, the better off
you are. You understand, you will compound problems.
Speaker 3 (31:42):
Watchdog on Wallstreet dot Com We'll be back.
Speaker 2 (32:02):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.
Speaker 3 (32:10):
Oh boy Cool the Gang. Yeah.
Speaker 4 (32:17):
I took my first girlfriend to see uh cool in
the Gang againness before I could drive parents, drop me
off at the Colony Coliseum. Way way, way way anyway.
Welcome back, everybody. It's the Watchdog on Wall Street show.
So you've got all of these progressive We're progressive, progressive lawmakers,
(32:42):
and they keep talking about we're gonna put a ban
on stock trading.
Speaker 3 (32:46):
We're gonna put a ban on it. Yeah, we're gonna
It's terrible. This is awful.
Speaker 4 (32:50):
How many times I've heard this again? It drives me nuts.
But again, this is just proof that they're just putting
on some BS show. Peter Schweitz wrote a book I
think was released in late twenty ten, either twenty eleven.
Speaker 3 (33:06):
It was entitled to Throw Them All Out.
Speaker 4 (33:09):
I actually had them on as a guest as back
then I had a drive time program, Throw Them All Out,
And he was basically exposing how all these people in Washington, DC, Democrats, Republicans,
how they enriched themselves via insider trading and insider deals. Now,
back then it wasn't just members of Congress, their staffers
(33:34):
as well were allowed to participate. And let's just put it,
that's what put Gordon Gecko in jail in the movie
Wall Street insider trading, having insider information.
Speaker 3 (33:49):
Now we've been told again and again and again.
Speaker 4 (33:51):
I'll do that, and you're only gonna put your funds
into a brine trust somewhere.
Speaker 3 (33:56):
I don't see what they're doing.
Speaker 4 (33:59):
Again you're going to insult our intelligence again, Dan, I'll
reference Wall Street. You remember what Gordon Gecko used to
do when he wanted to push a stock in a
certain direction. Remember, he would call up they called it
the Wall Street Chronicle. He had a source at the
Wall Street Chronicle, and he'd say, Blue Horseshoe loves whatever
(34:21):
stock it was, and they'd write a story about it
and pump it up. I remember Dan Dorfman used to
do that crap on CNBC way.
Speaker 3 (34:28):
Back in the day.
Speaker 4 (34:30):
You don't think these members of Congress can call up
their advisor and say, uh, Red Donkey loves.
Speaker 3 (34:37):
This, Purple Elephant loves this. And you don't think that
they do that.
Speaker 4 (34:44):
Yeah, as it turns out, adget you take a look
at the numbers here. Wow, somebody actually beat Pelosi. This guy,
Morgan McGarvey out of Kentucky showed himself a one hundred
and six percent return on his stock portfolio last year. Yeah,
Pelosi had seventy one percent.
Speaker 3 (35:05):
Ro Conna.
Speaker 4 (35:07):
Rocanna out of California. You don't know how many trades
he's done since he's been a member of Congress. In
twenty seventeen, thirty four thousand, two hundred and seventy two.
What thirty four thousand, two hundred and seventy two trades
since two thousand and seventy uh Where do you have
to find the time to work, buddy, Where actually do
(35:31):
you find the time to work? Again, they're telling you
they're going to police it. And it's just interesting. All
of these progressives that are jumping up and down about this.
Speaker 3 (35:40):
They all do it. They all do it again. They
want you to think and this is one thing they needed.
Speaker 4 (35:46):
They want you to think that they're on the up
and offer and they're actually trying to do something, but
they're not. Again, you watch the net worth of these
members of common and again, they're supposed to be public servants, right,
supposed to be public servants. And I do community service
(36:06):
work and I've done it for decades and I do
it in all with kids and coaching and all this stuff.
I would never take a dime, never take a dime.
But these people use their positions of power and influence
to enrich themselves and their families.
Speaker 3 (36:21):
I yeah, I couldn't.
Speaker 4 (36:24):
I could never do that. I know I could never
ever do that. You got to stand you you you're
supposed to be.
Speaker 3 (36:33):
There to serve. And again it is the revolving door.
Speaker 4 (36:38):
You know, they might get voted out of office, or
they decide that enough's enough, and oh they they got
a nice little safe landing spot on either CNN or
MSNBC or Fox News and they can be a contributor.
Speaker 3 (36:51):
It's just or or you know, you go work at
a college, end up becoming.
Speaker 4 (36:55):
A chancellor someday, get some no show job at a
private equa firm or lobbying. Of course, either way, you're
staying within the Beltway because that's where the money is.
That's that's where the money is. Where you really don't
have to work for it. You don't have to work
for it. You just have your Rolodex and who you
(37:16):
can call up and who you can ask for a
favor here or there. And every single time I go
to Washington, DC, you know that that feeling I was
telling about, either that little evil feeling that comes over.
Speaker 3 (37:28):
I get that one. I'm there.
Speaker 4 (37:32):
I get that one i'm there. I get it in
certain spots in New York City, and I also get
it when I'm in Washington, DC because I know exactly
what's going on. Anyway, there's another big cea I told
you so a moment. More colleges are in deep do doo.
Enrollment is going down, financial pressures are mounting, less foreign
(37:54):
students coming into the country, more difficult to get visas.
And you need to understand the foreigners coming into this
country are coming here to go to college because they
didn't get in more likely didn't get into the college
back home, and they're paying full freight. They're paying ful
freight financial aid or anything like that. So they're getting
(38:16):
hit many of these college and universities unfortunately because the
leadership that they have there are not willing to make
the necessary changes to move towards may have a hybrid
vocational model as well.
Speaker 3 (38:31):
I think it would be great.
Speaker 4 (38:32):
You know, why not teach entrepreneurship to people that want
to be on an electrician, a plumber, you know, carpent
whatever it may be, or and also as well, maybe
take a philosophy course here and there. They're going to
either adapt or they're going to die. Let's just leave
it at that, because the finances at many of these
institutions just playing awful. Anyway, holysh Snykes, we're out of time.
(38:56):
Watch Dog on Wall Street dot Com again. Our site
become a part of the Watchdog on Wall Street family,
personal CFO program, podcast, newsletter, God Bless everybody.
Speaker 3 (39:05):
We'll see you next week. The girlfriend I got the
moneys him from Where from?
Speaker 2 (39:17):
Chris Markowski is the watch dog of Wall Street
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