October 12, 2025 • 39 mins
Chris Markowski, the Watchdog on Wall Street, discusses the harsh realities of the financial world, exposing the lies propagated by big brokerage firms and the government. He emphasizes the need for political courage to address economic issues, critiques government spending and its impact on national debt, and highlights the looming crisis in commercial real estate. Markowski also delves into the higher education system, questioning its value and the rising costs of tuition. He critiques tariffs and their negative effects on businesses and farmers, and calls for independent thinking and integrity in the political process.
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Episode Transcript
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Speaker 1 (00:06):
Well, no one altered investment banker, consumer advocate, analyst, trader
Chris Markowski. He is the watchdog Wall Street. Do you
want to answer exposing the lines and myths that the
big brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom. You can't
(00:28):
handle the true proof bringing America the truth about what
really happens in the financial world.
Speaker 2 (00:34):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:39):
This is the watchdog on Wall Streets.
Speaker 2 (00:46):
Yeah, I know, I get hot and bothered when it
comes to this stuff.
Speaker 3 (00:49):
I do.
Speaker 2 (00:51):
And again it's it's it's the politics, the fact that
you got people that are such cowards, cowards that are afraid,
afraid to do the right thing, afraid to step out
and do the right thing and call this for what
it is.
Speaker 3 (01:06):
I mean, this is this right now.
Speaker 2 (01:08):
It's tremendous opportunity you could demonstrate to the entire country,
put together a media campaign. This is just how feckless
Republicans are. Yeah, it's just like they're playing for ratings.
It's like they care more about it.
Speaker 3 (01:22):
I was sending a National Guard into Chicago, into Portland.
Speaker 2 (01:26):
Whatever. Man, Okay, that's great. Why is that the biggest story?
You have an opportunity right now where you can say, hey, listen,
they put emergency subsidies, emergency subsidies in during Obamacare.
Speaker 3 (01:44):
They're going away. Okay.
Speaker 2 (01:46):
The Democrats wrote it in because they wanted to make
their budget look better. They wrote it in that they
were going to expire at the end of twenty twenty five.
This is what they're going to be. Now, what do
you think they're going to be a couple of years
down the road. That's an affordable Americans can't afford it exactly.
How do you solve that problem? Do you throw more
(02:06):
money at the problem that's what you've been doing for
the past fifteen years, or do you actually do something different?
You say, hey, this didn't work, this didn't work. This
is what we do here in this country. We start
a program and we just run it and run it
and run it.
Speaker 3 (02:25):
It never ends.
Speaker 2 (02:27):
Go all the way back going to the Great Society
LBJ programs that are still in effect.
Speaker 3 (02:33):
Oh, ain't time wear on poverty? Really? Yeah?
Speaker 2 (02:35):
Poverty level any cheap, any any lower today than it
was back in the nineteen sixties. What did you do
to the nuclear family with all of your stupid policies.
What about all your handouts for colleges? What did that
do to the price of college and make it more affordable?
Failure after failure after failure, Yet the populace looks to Washington,
DC to solve the problems. Washington DC loves that because
(02:57):
that get rich. You understand how it works. They're the
ones that benefit, not you, not I. We're the ones
that have to deal with all of their failed policies.
But again we vote for these idiots time and time again.
One of the other things I thought this was funny.
The Democrats are talking about what you almost money for illegals.
(03:19):
It's for emergency services. So for emergency services.
Speaker 3 (03:24):
I laughed about this again and Reagan did that. Reagan,
you gotta to show up, you gotta pay. You know,
they got to deal with emergencies, all right.
Speaker 2 (03:31):
There's I don't know a single doctor and I know
a ton that wouldn't help somebody out in an emergency.
Speaker 3 (03:38):
That that goes without saying. But it's funny. My years
coaching and dealing with the uh, the kids, I had
a lot of kids.
Speaker 2 (03:47):
Now that you know we're my players, you know, twenty
years ago and whatnot that are you know, surgeons, doctor
are doing all sorts of wonderful things. They have something
that interned with me and I talk about, you know,
when they're doing their the residency in the hospital and
they were just blown away.
Speaker 3 (04:03):
They said, yeah, every every you know, ten eleven o'clock.
Speaker 2 (04:05):
At night, you know, the whole entire family, whole entire
family of illegals would come in and wasn't an emergency.
Speaker 3 (04:14):
They were just there to get care because they had
to provide it.
Speaker 2 (04:19):
And I'm saying to myself, I said, you know, the easy,
easy fix for this problem. Uh, easy fix. You you
charge their home country. Hey, we say, you know, we're
not gonna you know, you have to say, we're gonna
turn you nice. We just need to know what your
home country is. And you just keep a running total.
And the our government because again the taxpayers haven't have
(04:41):
put this bill. We send a bill, send a bill.
They got to pay. Your home country is gonna have
to pay for this. That's what I would do. I
would have solved the problem a long time ago. Again, promises, promises, promises, promises.
I know Trump has said a myriad of things, talking
about laying off workers and cutting government programs and they're
(05:05):
gonna we're gonna get the om omb on this.
Speaker 3 (05:10):
Yeah.
Speaker 2 (05:10):
No, okay, he's got to stop saying things because people know.
Speaker 3 (05:15):
People are starting to realize that he's not going to
follow through on it.
Speaker 2 (05:18):
Oh yeah, workers, workers are not getting paid now, they're
not gonna get their paycheck.
Speaker 3 (05:23):
Yes they are, Okay.
Speaker 2 (05:25):
All those government workers that have not been to work
because of the government shutdown are on a vacation.
Speaker 3 (05:31):
They are going to get all of their back pay. Okay.
Speaker 2 (05:35):
So stop saying that they're not, or threatening that they're not,
because you look silly, mister president. You look silly because
everybody knows you're not gonna follow through on any of that.
I want to talk about that. I mentioned this earlier
talking about our fiscal situation. We're talking about the basement
trade and the value of our dollar and how you
(05:57):
have to outgrow that because of government spending.
Speaker 3 (06:01):
Here's something that's been put forward.
Speaker 2 (06:03):
I'm sure most people haven't heard about it because again,
media won't report on this because it makes too much sense,
makes too much sense, and there's you know, much more
ridiculous things to talk about whether it be you know, well,
I guess to the more important Taylor Swift and whatever
they've got going on. Nonsense. The difference between spending plans. Okay,
(06:28):
the Democrat plan, we're thirty seven trillion dollars in debt,
trillion dollars a year. Again, more than a trillion dollars
a year we spend on interest interest on our national debt.
That's money that has just flushed down the toilet. The
Democratic plan, it adds three trillion dollars in deficit spending,
(06:50):
So that puts a set forty one trillion.
Speaker 3 (06:52):
The Republican the.
Speaker 2 (06:54):
Elephants, Yeah, there are such fiscal conservatives. Thirty seven trillion
dollar debt, one million dollars plus in annual interest, two
trillion dollars in deficit spending, forty trillion.
Speaker 3 (07:06):
Dollars in a hole.
Speaker 2 (07:08):
You know, it's amazing how these you know, these Republicans
and Democrats. So they butt heads and their various different
congressional hearings, and they make fun on one another. They're
very similar, aren't they aren't they similar? One trillion dollar difference? Hey,
what's the trillion dollars amongst friends? Rand Paul And again
it's it's gone up in price. It used to be
(07:30):
the penny plan, it used to be set. I mean,
I can't remember how many years ago he put forward
his penny plan, but because we did not enact his
penny plan, it's now a six penny plan.
Speaker 3 (07:44):
Oh you think I'm kidding.
Speaker 2 (07:46):
No, No, we could have done this years ago for
one penny and we would have balanced the budget. Rand
Paul's sixpenny plan, sixpenny plan, and he can't get Republicans
to vote on this is to subtract six cents, six pennies.
Think about that, six pennies for every dollar the government spends,
(08:11):
the federal government spends, we're gonna spend rather than spend
the full dollar, we're gonna spend ninety four cents.
Speaker 3 (08:19):
Wow. Oh that gonna hurt, right, Oh, I mean it's
something we could do.
Speaker 2 (08:24):
Right. Let me think about that in terms of your household.
If you're trying to get your your household in order,
and you you've found out a way where you're gonna say,
you know what, all of our households spending, we're gonna
reduce it by every dollar we spend, we're.
Speaker 3 (08:37):
Gonna reduce it by six cents.
Speaker 2 (08:40):
We follow Rand Paul's six penny plan, we will have
a balanced budget in five years. And I guess that
we can't do that. That can't be done. Quite frankly,
it's sad, it really is. Anyway, I gotta move on.
(09:01):
I gotta talk about this as well. Commercial real estate, Okay,
I know I've talked about this before on the program.
Rates really you know, they fed road rates. Mortgage rates
have not come down. I don't know when we're going
to start seeing more cracks, but at some point in time,
(09:24):
the extend and pretend is going to end. One of
two things are going to happen. Either there's going to
be another massive bailout where you and I are going
to be on the hook. And I'm gonna be honest,
I think that that's probably the most likely scenario. I
think that's more than like again, you can go back
(09:46):
to the SNL crisis. You can go back obviously a
Great recession. Commercial real estate. Right now, the office commercial
mortgage backed security delinquency rate is almost twelve percent. Wow,
almost twelve percent. Oh, that just happens to be the
highest level in history. It's higher now than it was
(10:09):
during the Great Recession. There is a lot of dog
poopy paper on banks balance sheets in many of these banks.
Many of these banks are mid level to smaller banks.
You could have a major, major, I saw it was
(10:29):
an entire it was a skyscraper in Denver. I forget
how many square foot it was. It went for like
under ten million dollars. Okay, there is a lot of
bad paper out there that's just sitting there, just sitting there.
And if it eventually is mark to market, these banks
(10:52):
are all defunct. These small to mid sized banks, many
of them that we're involved with this are in deep,
deep trouble. That's what I think is going to happen.
I don't think that they're gonna let them go in,
because that's what I would let happen. Okay, that's you know,
it's the old Gordon Gecko line from Wall Street. You
either get it right or you get eliminated. That's the
(11:14):
beauty of capitalism. You fail, you fail, you go out
of business. Guess what somebody could step in. But we're
always the Oh no, it's gonna be all. It's gonna
be terrible, and it's gonna have its far reaching repercussions
throughout the economy.
Speaker 3 (11:31):
Oh give me a break.
Speaker 2 (11:33):
Another boogeyman, another boogeyman that the folks in Washington, d C.
Speaker 3 (11:38):
And Wall Street use to bail out their friends.
Speaker 2 (11:41):
Socialism for rich people, Okay, socialism for rich entitled.
Speaker 3 (11:48):
People that are members of the club. Yeah.
Speaker 2 (11:53):
Yeah, I'm not Bernie, I'm not AOC. I am a
true conservative.
Speaker 3 (11:58):
Okay.
Speaker 2 (11:58):
I don't believe any of these people should be bailed out.
Make your bed, lie in it. You fail, you fail.
Watch Dog on Wall Street dot com. Watchdog on Wallstreet
dot com again is our site. Become a part of
our family at Markowski Investments. Sign up for our personal
CFO program, our podcast, our newsletter, all sorts of great
(12:22):
stuff Watchdog on Wallstreet dot com, or give us a call.
Speaker 3 (12:25):
Eight hundred four seven one fifty eight four.
Speaker 1 (12:46):
The only man who is taking on the Walls Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (12:56):
All right, welcome back, everybody. It was actually I'm pretty
happy to see this story this past week. Is a
topic that's been near and dear to my heart, something
that I've raved and about for a very long time.
Comes to higher education, rethinking Hedge Fund University. I call
(13:21):
colleges and universities. I call them hedge funds with nonprofit status.
Speaker 3 (13:26):
It was funny.
Speaker 2 (13:27):
It was actually the governor of the state of Florida,
my buddy Ron Desantus.
Speaker 3 (13:32):
He actually said that as well.
Speaker 2 (13:33):
This past week he put out a tweet talking about
endowments and the size of them and how ridiculous this
entire racket is. But anyway, there's a story this past
week saying that fewer students, fewer students are going to
college and so, oh jees, that's terrible.
Speaker 3 (13:50):
You know, young people are abandoning higher education. They're risking
their future.
Speaker 2 (13:55):
College enrollment has dropped by three million since twenty ten.
The reality of the situation is those kids, are they
missing out? Are they really missing They losing on this one?
Speaker 3 (14:10):
Uh yeah.
Speaker 2 (14:11):
There was a study that was just put together by
Preston Cooper at the American Enterprise Institute.
Speaker 3 (14:16):
It says no.
Speaker 2 (14:18):
Now, because most of the drop in college enrollment has
occurred at institutions with the worst student outcomes, At high
quality colleges, enrollment has actually increased.
Speaker 3 (14:37):
College is often.
Speaker 2 (14:38):
Treated as a monolith, but as more and more evidence
shows there is considerable variation in the quality of.
Speaker 3 (14:48):
Education in different institutions.
Speaker 2 (14:51):
While some colleges reliably set up their graduates for success
in life, others fail to even graduate wait most of
their students, and the students.
Speaker 3 (15:03):
Lucky enough to earn degrees may find that.
Speaker 2 (15:06):
Those those degrees don't help them land a decent wage
job or pay down their student loans. And like I said,
a study that was just put out just put out
by the American Enterprise Institute studies this divergence and they
divide colleges into five groups based upon student outcomes using
(15:28):
quantifiable metrics such as the percentage of students who complete
their degrees, the share of bowers paying down their student loans,
and median earnings after graduation. The student attending a college
in the top one fifth of institutions is four times
as likely to graduate and two times as likely to
pay down his or her loans as a student attending
(15:50):
a college in the bottom fifth. And we can go
on and talk about the wage disparity and everything that
goes along with that. Interesting, you know some of these
top schools, Yeah, you're looking at their enrollment going through
the roof. They pointed out that in twenty ten, Texas
A and M enrolled forty thousand students. It's now over
(16:12):
sixty thousand. Students are figuring it out, not only since
they're choosing colleges that offer better prospects, but they're also
choosing better majors. Yeah, high wage majors are becoming more
and more popular.
Speaker 3 (16:29):
Yes, people are waking up.
Speaker 2 (16:32):
Yeahp twenty twenty three, colleges awarded three times as many
bachelor degrees and computer science as in twenty ten. Nursing
degree conferrals rose ninety one percent. I actually saw that
at my son's college. They put in a massive nursing
school and getting paid one hundred and fifty grand a
year when you graduate.
Speaker 3 (16:51):
Okay, it makes sense.
Speaker 2 (16:53):
Something that I've said all along when talking about higher
education and return on investment. And you need to even
look at it in other ways. Okay, your kid wants
to study this, I want to be in finance. I
want to work on Wall Street. Okay, you need to understand.
Unless you are going this is just the reality. Okay,
unless you have a connect, unless you know somebody, or
(17:18):
you are graduating from a top tier school.
Speaker 3 (17:21):
Good luck. It is very very difficult.
Speaker 2 (17:26):
I'm just telling you it's very very hard. And I
had this conversation with a dad again. I came out
of retirement and I'm coaching youth across again. This is
a dad who his sons are sons are you know
in the UH I get the eighth grade and you know,
doing the tournament circuit, and you don't want to go
(17:47):
on to all these various different things. And I made
it perfectly. I said, listen, I said, one of the
things we're gonna we gotta tell these kids, Okay, oh,
I want to play top level. I want to pay
play D one lacrosse. Well that's all well and good, okay,
but the more important thing is the level of education.
And if you get into a D three school, Now
let's say it's a NESCAC school. Let's say it's a
(18:08):
Williams or an Amherst or a Hamilton or whatever it
may be, and then you're at a low level D one,
go to the D three because you're there to get
yourself a job. That's what it's all about. It's become
that expensive certain states. I've done an unbelievable job of
(18:29):
keeping prices down. I know Mitch Daniels did a great
job of Purdue and not keeping tuition upstir. The University
of Florida system down here is off the charts with
the prices and how great they are. All of this
needs to be considered. You need to know your kid.
You need to understand who your kid is. Again, you
(18:52):
can afford, You can afford to send your kid to
school and pay for their entire education. Go ahead, all right,
that's fine, Okay, I did it for my kids.
Speaker 3 (19:03):
Okay. The rule was in my house.
Speaker 2 (19:05):
You got to tell me why you're going to school,
why you're going to school, and you better perform.
Speaker 3 (19:10):
You better perform. That was my rule. That was simple.
You know why am I paying? What? Why I'm investing
in you? Why?
Speaker 2 (19:17):
What are you going to do with this degree? Okay, again,
it might change. I understand that. I understand that. But
you have to have at least some sort of plan
going in. That plan might change, okay, and you better perform,
allowing your kid, allowing kids to graduate from school. You know,
tens of thousands, hundreds of thousands of dollars in debt.
(19:40):
I mean imagine that, especially now, difficult job market, highest
price your homes going at any point time, rents are
through the roof, and you got a one hundred thousand
dollars in student loans that you have to repay. Are
you doing your kid a service? By any stretch the imagination?
(20:01):
We are all these dudes, these majors are going to
be going away.
Speaker 3 (20:05):
Listen, okay, listen.
Speaker 2 (20:07):
You didn't do well in high school, you didn't get
into the top school, and you want to do something
you want, you might have to self educate for a while,
get your grades up, go to a community college.
Speaker 3 (20:16):
Okay.
Speaker 2 (20:17):
Then then once you do that, then get yourself into
a better tier school. That's the reality. People deal with it. It's
the terrain.
Speaker 3 (20:26):
I don't make it up. It is what it is.
Speaker 2 (20:29):
Watchdog on Wallstreet dot com. Watchdog on Wall Street dot Com.
Speaker 3 (20:33):
We'll be back.
Speaker 1 (20:37):
Chris Markowski is the Watchdog on Wall Streets. You should
(20:59):
believe in man, not magic. You're listening to the Watchdog
on Wall Street with Chris Markowski.
Speaker 2 (21:07):
Jerome, give me a mirror, Morris Day and the time.
Welcome back, everybody.
Speaker 3 (21:11):
It is the.
Speaker 2 (21:12):
Watchdog on Wall Street Show. Anyway, I gotta talk about
this again. I'm sorry, I know, I know. Making a
swamp great again. Mister President, as president, your tariffs are
not working, Okay, they're not. I know, you'd like to
(21:37):
think that they're working. They're not working. We're seeing this
happen in many different areas around the country. Again, it's
one of those situations where you're wrecking family businesses, you're
wrecking farms, a myriad of things. And I saw it coming,
(22:01):
saw it coming. Tariffs are damaging farmers, damaging other businesses.
So you know what you got right now, You've got
a long line. You got a long line of various
different interests, farmers, businesses at the Commerce Department looking.
Speaker 3 (22:20):
For Howard Lutnick.
Speaker 2 (22:22):
Yes, the little Ventuila cus dummy that sits on Trump's lap. Yeah,
soybean farmers. Soybean farmers got rocked, rocked. Their main export
market is China. We whacked China. China said, okay, fine,
(22:42):
We're not going to buy your soybeans anymore. China is
buying soybeans from Argentina and Brazil. US soybean exports to
China total two hundred and eighteen million bushols through August
of this year. You know, I want to know what
it was last year, nine eighty five million bushels ouch.
Speaker 3 (23:08):
Ouch. What do you do with all those soybeans? Huh,
what are you gonna do with them?
Speaker 2 (23:15):
You got you're you're in trouble right now, you're in trouble.
I got an idea. How about how about negotiate a
deal that gets China to repeal it's twenty three percent
tariff on US soybeans.
Speaker 3 (23:30):
Nope, no, no, no, no, here he comes.
Speaker 2 (23:33):
Trump has got to be stubborn and he is going
to cut farmers at check they use tariff money. Wow,
what would you understand the circular logic behind this?
Speaker 3 (23:46):
You want to explain this to me?
Speaker 2 (23:49):
Some are reporting ten billion, some are reporting fifteen billion. Now, okay,
we were we were told that the terrafs is gonna
cost us anything, right, correct me if I'm wrong, The
tariffs are not going to cost us anything?
Speaker 3 (24:04):
Okay, right right.
Speaker 2 (24:10):
The real problem with this, and I said this from
the very beginning, Yeah, drain the swamp. We got to
drain the swamp. You're making the swamp bigger and more powerful.
If you are a company, your company that has been
damaged by tariffs, an interest, whatever it may be, see
(24:33):
what you have to do right now is you have
to hire yourself a lobbyist. You have to hire yourself
a lobbyist inside the Beltway that's going to start paying
off politicians, and you've got to start buying influence to
get some sort of carve out, some sort of break,
some sort of giveaway something something. So we're essentially the
(24:59):
tariffs made the swamp bigger. Now again, I don't and
I don't know how he's going to do this again.
Could be me, I listen, I can read the Constitution,
correct me if I'm wrong. I think that the President
of the United States just can't take money and just
(25:20):
start handing it out without congressional approval. I can't, right, Jesus,
I didn't think they could. I know, we run this
entire nation now based upon an emergency. I don't know
if he's going to write an executive order and declare
an emergency that have to use money, probably what he's
(25:40):
gonna have to do. But is that really how we
should be running this country. We are in a perpetual
state of emergency. I keep thinking of that nineteen seventies
show that I used to watch when I was a kid,
the First Responders.
Speaker 3 (25:56):
They have emergency, and we have everything is an emergency.
Now have everything's in an emergency? Up?
Speaker 2 (26:01):
Yep, Yep, president can bomb wherever he wants the bomb
at any point in time because of nine to eleven,
and because there's a boogeyman under underneath anybody's couchs looking
to kill us at any point in time. Ah yeah,
we gotta put teriffs because we've got an economic emmerger.
Everything's an emergency. This is not how you run a country. Well,
it's not how you run a sane country. I wish
(26:23):
people truly appreciated the the the the art, the beauty
of the United States Constitution, how things are supposed to
be done. If the President starts to have to talk
at fifteen billion dollars to Soybean Front and with all
those all out waste and all that for you stupid
(26:45):
are agriculture again, Why that's not out of Washington. You
crush their market completely for what probably we've lost eighty
thousand manufacturing jobs. I know, I know, I know Howard
Lutnik different Twilkis Tummy says that to twenty twenty six
is the magic date. Twenty twenty six is all of
a sudden, We're gonna have, you know, factories everywhere, right, Okay,
(27:10):
sure thing, buddy. Anyway, watchdog on Wallstreet dot com. Watchdog
on Fallstreet dot com is our site. Become a part
of the Watchdog on Wall Street family, our personal CFO program, podcast, newsletter,
all sorts of great stuff. Watchdog on Wallstreet dot com.
Speaker 3 (27:27):
We'll be back.
Speaker 1 (27:44):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (27:54):
Were back listen.
Speaker 2 (27:58):
You have to be an independent thinker, and I know
if it's it's not. We don't have much of this
in today's day and age. Outside of all you know,
I call it alternative media podcasts like mine, radio shows
like mine, the Rogans of the World, the Dave Smith's
of the World, Tucker Carlson's out there that again, we
(28:21):
care about this country, that we're not gonna pick a
team and we're gonna call things like we see it. Yeah,
I'm gonna be heavily critical of Donald Trump when I
need to, and so should you. And if you're not
capable of doing that well, and it's weird, then you're
a member of a cult. That's not normal for crying
out loud. I can't give credit were credits toue to.
(28:43):
I think what Trump is doing when it comes to immigration,
I think is fantastic.
Speaker 3 (28:47):
Okay, Now do I like this?
Speaker 2 (28:50):
You know, and again you're gonna they're gonna focus on
you know, certain stories and whatnot where they're you know,
ice uh might have.
Speaker 3 (28:57):
Knocked somebody down or whatever it may be.
Speaker 2 (28:58):
Got understand the the the tasks that they are being
dealt with at this point in time. I get that
there's gonna be some issues, but without a doubt, no doubt,
he's dealing with a massive mess and he's done a
good job with that, God willing. You know, I'm not
holding my breath, but I hope things work out between
(29:21):
you know, the Palestinians and these railies and the hostages
come home and we head in the right direction.
Speaker 3 (29:26):
I hope.
Speaker 2 (29:29):
But you know, some of the things I gotta be
honest about. You know what this one, this was well
I wanted to focus on this too. This is something
that Trump has done not getting a lot of press
going after well, you know, I was going after colleges
and universities, and I didn't like quite frankly, I don't
like a lot of the whole you know, going after
people because of free speech. Again, anytime you're going after
(29:52):
free speech. I don't like that. People are free to
be idiots. Okay, they can say what they want, let
them protest, let them do what they want.
Speaker 3 (29:59):
I don't want that at all.
Speaker 2 (30:00):
The administration has got this Compact for Academic Excellence in
Higher Education and it leaked to the press, and basically
what it's doing is offering preferential funding if they schools
follow certain rules. These they're colleges and universities, and many
of these things, okay, are pretty good.
Speaker 3 (30:22):
These rules are common sense.
Speaker 2 (30:24):
Universities must must and the use of race or gender
preferences in hiring or admission on campus, okay, that's law. Anyway,
they have to establish what's called institutional neutrality, so schools
don't take sides in social and political issues unrelated to
the university professors. Professors can opine in private, private capacity,
(30:53):
but you know, the History Department can't dictate a certain
viewpoint when it comes to a conflict. The memo encourages
A and I love this a vibrant marketplace of ideas,
and that.
Speaker 3 (31:07):
Can't be said. We need that. That's what a call
you for. It's all about we need critical thinkers.
Speaker 2 (31:14):
This is this is great stuff that they're actually pushing
and I hope that they follow through with it. Got
to take another break. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com.
Speaker 3 (31:24):
We'll be back.
Speaker 1 (31:30):
You're listening to the Watchdog on Wall Street taking Wall
(32:00):
Streets liars, crooks and cheets out behind the woodshed. You're
listening to the Watchdog on Wall Streets.
Speaker 3 (32:10):
We're back.
Speaker 1 (32:14):
Yeah.
Speaker 3 (32:14):
Yeah.
Speaker 2 (32:14):
Meanwhile, they got the compact that Trump's were going to
put through and a lot of great things in there
that there really is. And again they're they're backing away
from dictating the hires, and I think that that's a
good move. But at the same time, you get this
story Harvard hires drag queen named Lahore Vajistan as visiting professor.
Speaker 3 (32:37):
And I actually had this. My mom heard about this
and she asked me about this. I do I understand?
Just how do they do stuff? I got a lot
of stuff.
Speaker 2 (32:45):
I'm like, hold on a second, nobody has to go
to a class. No, nobody has to go to this class.
Speaker 3 (32:56):
Again, I Harvard's got a fifty something.
Speaker 2 (33:00):
Than billion dollar endowment, and again they've got line of
customers that want to come to that school all the time.
Speaker 3 (33:06):
They can do whatever they want.
Speaker 2 (33:09):
I mean, this is one of those rules I was
telling you about college and kids. I also check my
kids or the classes that they take. I do, who
what parent out there? What kind of whack job parent
is going to allow their kid to take a class
with Lahore Vajistan as the visiting professor?
Speaker 3 (33:29):
I know, I won't one of.
Speaker 2 (33:31):
My kids, and one of my kids try to get
away with a BS class. Oh yeah, you know, I've
already got my grade to grade, you know, I mean
a few credits to graduate. I'm like, that's all well
and good, But you want to pay for the class. Sure,
you want to take a BS class, and you want
to pay for it yourself. That's fine, But I'm not
paying for it, Okay, And they listened. Listen, you don't
(33:55):
have to take those classes. And if nobody goes to class,
the class will go. Oh away. Anyway, this story is
it's pretty sicky, just and again it just shows you
just how screwed up our political system is. And again,
read the Federalist papers are founding fathers.
Speaker 3 (34:16):
It's like they.
Speaker 2 (34:17):
Had a bloody Dolorean nineteen eighties Dolorean with the flux capacitor.
You read the federalist papers. The things that they warned
us about, warned us against political parties and factions. You're
watching democrats right now. You're watching democrats circle the wagons
(34:39):
to back up Jay Jones, this guy running for attorney
general in the state of Virginia, after seeing these texts
that he put out where he had no problem, no
probably actually reveled in the fact that'd be great if
his political one of his political opponents children were killed.
(35:02):
This is someone that is leading right now in Virginia, Okay,
and they're circling the wagons around this guy. You want
to talk about a really ugly place we're at a country,
bleak morality that we have today.
Speaker 3 (35:24):
The other part of this story as well, and again.
Speaker 2 (35:28):
This is something that we should deal with right now
as a country, okay, as a country, as a nation,
you want to unify the nation, we should all have
the same rules when it comes to voting. Comes to voting,
and I'm sorry, you have to show an id you
(35:50):
know what.
Speaker 3 (35:51):
You also have to get rid of early voting. End
it and early voting.
Speaker 2 (35:59):
More than three one hundred and fifty thousand people in
Virginia have already voted before they learned that Jay Jones
is a psychopath. No, it's you know you want it's
what something healthy for the country. Okay, we again. You
know I love that line by Monti Penny and Skyfall
(36:22):
James Bond movie. You know, sometimes the old ways are best.
Speaker 3 (36:28):
She wasn't wrong.
Speaker 2 (36:31):
School was closed on election day. Okay, it was your
civic duty. Okay, you picked yourself up. You went to
the local school, your local firehouse, your local polling place.
You would see your neighbors, people within your community. You'd
go and vote, and you'd go home early voting, mail
(36:53):
in ballots. All of this nonsense. Does it make our
country stronger when people have little faith in the system?
And you know what too, Okay, spare me the the
electronic crap. I want a paper trail. You know what's
the funny thing is, we're always told, I've always told
how much technology is always making things better. Really, I went,
(37:20):
I went to UH. I had a bunch of people down.
This was a couple of weeks ago, a few weeks
ago to see the It was a home opener for
the Bucks and they were playing the New York Jets.
So I had a lot of my Long Island friends
come down to watch the game. And again we're there
in line, you know, trying to get through with the tickets.
(37:40):
You got problems. There's no paper ticket, it's just a
hand your ticket, Hand your ticket, you walk in. Now
you got to pull them up on your phone. You
gotta make sure you have the right app down there.
Oh my god, the scanner is not working at this point, Tom,
it's a hold of It's nonsense. How easy have a
(38:00):
physical ticket? You hand a ticket, you go into the
damn thing. You gotta make everything so damn complicated. Yeah,
anyway they do again, early voting mail in all this. No, no,
if it's important to you, if it's important to you,
if you want to you want to go, is it
that hard for you to get you? Oh, I gotta
(38:21):
work that well, get your butt up early, okay, and
get to the polling place before work. Just how much
better we were as a nation, How much better, how
much more unified we were as a nation when we
did that simple thing. It was something we all participated in.
Speaker 3 (38:43):
Don't tell me I'm wrong. I'm right, you know I am.
Speaker 1 (38:47):
So.
Speaker 3 (38:47):
Now you got three hundred and fifty thousand.
Speaker 2 (38:49):
People that may have voted for a psychopath for Attorney
General and it's too late already voted anyway, God bless everyone.
Thanks for tuning in to Watchdog on Wall Street show.
Watchdog on Wallstreet dot com is our site personal CFO program.
You want more of the Watchdog podcasts every day?
Speaker 3 (39:10):
Gotta check that out watch Doog on wallstreet dot com.
We'll see it.
Speaker 1 (39:17):
Chris Markowski is the Watchdog on Wall Street
Well, no one altered investment banker, consumer advocate, analyst, trader
Chris Markowski. He is the watchdog Wall Street. Do you
want to answer exposing the lines and myths that the
big brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom. You can't
(00:28):
handle the true proof bringing America the truth about what
really happens in the financial world.
Speaker 2 (00:34):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:39):
This is the watchdog on Wall Streets.
Speaker 2 (00:46):
Yeah, I know, I get hot and bothered when it
comes to this stuff.
Speaker 3 (00:49):
I do.
Speaker 2 (00:51):
And again it's it's it's the politics, the fact that
you got people that are such cowards, cowards that are afraid,
afraid to do the right thing, afraid to step out
and do the right thing and call this for what
it is.
Speaker 3 (01:06):
I mean, this is this right now.
Speaker 2 (01:08):
It's tremendous opportunity you could demonstrate to the entire country,
put together a media campaign. This is just how feckless
Republicans are. Yeah, it's just like they're playing for ratings.
It's like they care more about it.
Speaker 3 (01:22):
I was sending a National Guard into Chicago, into Portland.
Speaker 2 (01:26):
Whatever. Man, Okay, that's great. Why is that the biggest story?
You have an opportunity right now where you can say, hey, listen,
they put emergency subsidies, emergency subsidies in during Obamacare.
Speaker 3 (01:44):
They're going away. Okay.
Speaker 2 (01:46):
The Democrats wrote it in because they wanted to make
their budget look better. They wrote it in that they
were going to expire at the end of twenty twenty five.
This is what they're going to be. Now, what do
you think they're going to be a couple of years
down the road. That's an affordable Americans can't afford it exactly.
How do you solve that problem? Do you throw more
(02:06):
money at the problem that's what you've been doing for
the past fifteen years, or do you actually do something different?
You say, hey, this didn't work, this didn't work. This
is what we do here in this country. We start
a program and we just run it and run it
and run it.
Speaker 3 (02:25):
It never ends.
Speaker 2 (02:27):
Go all the way back going to the Great Society
LBJ programs that are still in effect.
Speaker 3 (02:33):
Oh, ain't time wear on poverty? Really? Yeah?
Speaker 2 (02:35):
Poverty level any cheap, any any lower today than it
was back in the nineteen sixties. What did you do
to the nuclear family with all of your stupid policies.
What about all your handouts for colleges? What did that
do to the price of college and make it more affordable?
Failure after failure after failure, Yet the populace looks to Washington,
DC to solve the problems. Washington DC loves that because
(02:57):
that get rich. You understand how it works. They're the
ones that benefit, not you, not I. We're the ones
that have to deal with all of their failed policies.
But again we vote for these idiots time and time again.
One of the other things I thought this was funny.
The Democrats are talking about what you almost money for illegals.
(03:19):
It's for emergency services. So for emergency services.
Speaker 3 (03:24):
I laughed about this again and Reagan did that. Reagan,
you gotta to show up, you gotta pay. You know,
they got to deal with emergencies, all right.
Speaker 2 (03:31):
There's I don't know a single doctor and I know
a ton that wouldn't help somebody out in an emergency.
Speaker 3 (03:38):
That that goes without saying. But it's funny. My years
coaching and dealing with the uh, the kids, I had
a lot of kids.
Speaker 2 (03:47):
Now that you know we're my players, you know, twenty
years ago and whatnot that are you know, surgeons, doctor
are doing all sorts of wonderful things. They have something
that interned with me and I talk about, you know,
when they're doing their the residency in the hospital and
they were just blown away.
Speaker 3 (04:03):
They said, yeah, every every you know, ten eleven o'clock.
Speaker 2 (04:05):
At night, you know, the whole entire family, whole entire
family of illegals would come in and wasn't an emergency.
Speaker 3 (04:14):
They were just there to get care because they had
to provide it.
Speaker 2 (04:19):
And I'm saying to myself, I said, you know, the easy,
easy fix for this problem. Uh, easy fix. You you
charge their home country. Hey, we say, you know, we're
not gonna you know, you have to say, we're gonna
turn you nice. We just need to know what your
home country is. And you just keep a running total.
And the our government because again the taxpayers haven't have
(04:41):
put this bill. We send a bill, send a bill.
They got to pay. Your home country is gonna have
to pay for this. That's what I would do. I
would have solved the problem a long time ago. Again, promises, promises, promises, promises.
I know Trump has said a myriad of things, talking
about laying off workers and cutting government programs and they're
(05:05):
gonna we're gonna get the om omb on this.
Speaker 3 (05:10):
Yeah.
Speaker 2 (05:10):
No, okay, he's got to stop saying things because people know.
Speaker 3 (05:15):
People are starting to realize that he's not going to
follow through on it.
Speaker 2 (05:18):
Oh yeah, workers, workers are not getting paid now, they're
not gonna get their paycheck.
Speaker 3 (05:23):
Yes they are, Okay.
Speaker 2 (05:25):
All those government workers that have not been to work
because of the government shutdown are on a vacation.
Speaker 3 (05:31):
They are going to get all of their back pay. Okay.
Speaker 2 (05:35):
So stop saying that they're not, or threatening that they're not,
because you look silly, mister president. You look silly because
everybody knows you're not gonna follow through on any of that.
I want to talk about that. I mentioned this earlier
talking about our fiscal situation. We're talking about the basement
trade and the value of our dollar and how you
(05:57):
have to outgrow that because of government spending.
Speaker 3 (06:01):
Here's something that's been put forward.
Speaker 2 (06:03):
I'm sure most people haven't heard about it because again,
media won't report on this because it makes too much sense,
makes too much sense, and there's you know, much more
ridiculous things to talk about whether it be you know, well,
I guess to the more important Taylor Swift and whatever
they've got going on. Nonsense. The difference between spending plans. Okay,
(06:28):
the Democrat plan, we're thirty seven trillion dollars in debt,
trillion dollars a year. Again, more than a trillion dollars
a year we spend on interest interest on our national debt.
That's money that has just flushed down the toilet. The
Democratic plan, it adds three trillion dollars in deficit spending,
(06:50):
So that puts a set forty one trillion.
Speaker 3 (06:52):
The Republican the.
Speaker 2 (06:54):
Elephants, Yeah, there are such fiscal conservatives. Thirty seven trillion
dollar debt, one million dollars plus in annual interest, two
trillion dollars in deficit spending, forty trillion.
Speaker 3 (07:06):
Dollars in a hole.
Speaker 2 (07:08):
You know, it's amazing how these you know, these Republicans
and Democrats. So they butt heads and their various different
congressional hearings, and they make fun on one another. They're
very similar, aren't they aren't they similar? One trillion dollar difference? Hey,
what's the trillion dollars amongst friends? Rand Paul And again
it's it's gone up in price. It used to be
(07:30):
the penny plan, it used to be set. I mean,
I can't remember how many years ago he put forward
his penny plan, but because we did not enact his
penny plan, it's now a six penny plan.
Speaker 3 (07:44):
Oh you think I'm kidding.
Speaker 2 (07:46):
No, No, we could have done this years ago for
one penny and we would have balanced the budget. Rand
Paul's sixpenny plan, sixpenny plan, and he can't get Republicans
to vote on this is to subtract six cents, six pennies.
Think about that, six pennies for every dollar the government spends,
(08:11):
the federal government spends, we're gonna spend rather than spend
the full dollar, we're gonna spend ninety four cents.
Speaker 3 (08:19):
Wow. Oh that gonna hurt, right, Oh, I mean it's
something we could do.
Speaker 2 (08:24):
Right. Let me think about that in terms of your household.
If you're trying to get your your household in order,
and you you've found out a way where you're gonna say,
you know what, all of our households spending, we're gonna
reduce it by every dollar we spend, we're.
Speaker 3 (08:37):
Gonna reduce it by six cents.
Speaker 2 (08:40):
We follow Rand Paul's six penny plan, we will have
a balanced budget in five years. And I guess that
we can't do that. That can't be done. Quite frankly,
it's sad, it really is. Anyway, I gotta move on.
(09:01):
I gotta talk about this as well. Commercial real estate, Okay,
I know I've talked about this before on the program.
Rates really you know, they fed road rates. Mortgage rates
have not come down. I don't know when we're going
to start seeing more cracks, but at some point in time,
(09:24):
the extend and pretend is going to end. One of
two things are going to happen. Either there's going to
be another massive bailout where you and I are going
to be on the hook. And I'm gonna be honest,
I think that that's probably the most likely scenario. I
think that's more than like again, you can go back
(09:46):
to the SNL crisis. You can go back obviously a
Great recession. Commercial real estate. Right now, the office commercial
mortgage backed security delinquency rate is almost twelve percent. Wow,
almost twelve percent. Oh, that just happens to be the
highest level in history. It's higher now than it was
(10:09):
during the Great Recession. There is a lot of dog
poopy paper on banks balance sheets in many of these banks.
Many of these banks are mid level to smaller banks.
You could have a major, major, I saw it was
(10:29):
an entire it was a skyscraper in Denver. I forget
how many square foot it was. It went for like
under ten million dollars. Okay, there is a lot of
bad paper out there that's just sitting there, just sitting there.
And if it eventually is mark to market, these banks
(10:52):
are all defunct. These small to mid sized banks, many
of them that we're involved with this are in deep,
deep trouble. That's what I think is going to happen.
I don't think that they're gonna let them go in,
because that's what I would let happen. Okay, that's you know,
it's the old Gordon Gecko line from Wall Street. You
either get it right or you get eliminated. That's the
(11:14):
beauty of capitalism. You fail, you fail, you go out
of business. Guess what somebody could step in. But we're
always the Oh no, it's gonna be all. It's gonna
be terrible, and it's gonna have its far reaching repercussions
throughout the economy.
Speaker 3 (11:31):
Oh give me a break.
Speaker 2 (11:33):
Another boogeyman, another boogeyman that the folks in Washington, d C.
Speaker 3 (11:38):
And Wall Street use to bail out their friends.
Speaker 2 (11:41):
Socialism for rich people, Okay, socialism for rich entitled.
Speaker 3 (11:48):
People that are members of the club. Yeah.
Speaker 2 (11:53):
Yeah, I'm not Bernie, I'm not AOC. I am a
true conservative.
Speaker 3 (11:58):
Okay.
Speaker 2 (11:58):
I don't believe any of these people should be bailed out.
Make your bed, lie in it. You fail, you fail.
Watch Dog on Wall Street dot com. Watchdog on Wallstreet
dot com again is our site. Become a part of
our family at Markowski Investments. Sign up for our personal
CFO program, our podcast, our newsletter, all sorts of great
(12:22):
stuff Watchdog on Wallstreet dot com, or give us a call.
Speaker 3 (12:25):
Eight hundred four seven one fifty eight four.
Speaker 1 (12:46):
The only man who is taking on the Walls Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (12:56):
All right, welcome back, everybody. It was actually I'm pretty
happy to see this story this past week. Is a
topic that's been near and dear to my heart, something
that I've raved and about for a very long time.
Comes to higher education, rethinking Hedge Fund University. I call
(13:21):
colleges and universities. I call them hedge funds with nonprofit status.
Speaker 3 (13:26):
It was funny.
Speaker 2 (13:27):
It was actually the governor of the state of Florida,
my buddy Ron Desantus.
Speaker 3 (13:32):
He actually said that as well.
Speaker 2 (13:33):
This past week he put out a tweet talking about
endowments and the size of them and how ridiculous this
entire racket is. But anyway, there's a story this past
week saying that fewer students, fewer students are going to
college and so, oh jees, that's terrible.
Speaker 3 (13:50):
You know, young people are abandoning higher education. They're risking
their future.
Speaker 2 (13:55):
College enrollment has dropped by three million since twenty ten.
The reality of the situation is those kids, are they
missing out? Are they really missing They losing on this one?
Speaker 3 (14:10):
Uh yeah.
Speaker 2 (14:11):
There was a study that was just put together by
Preston Cooper at the American Enterprise Institute.
Speaker 3 (14:16):
It says no.
Speaker 2 (14:18):
Now, because most of the drop in college enrollment has
occurred at institutions with the worst student outcomes, At high
quality colleges, enrollment has actually increased.
Speaker 3 (14:37):
College is often.
Speaker 2 (14:38):
Treated as a monolith, but as more and more evidence
shows there is considerable variation in the quality of.
Speaker 3 (14:48):
Education in different institutions.
Speaker 2 (14:51):
While some colleges reliably set up their graduates for success
in life, others fail to even graduate wait most of
their students, and the students.
Speaker 3 (15:03):
Lucky enough to earn degrees may find that.
Speaker 2 (15:06):
Those those degrees don't help them land a decent wage
job or pay down their student loans. And like I said,
a study that was just put out just put out
by the American Enterprise Institute studies this divergence and they
divide colleges into five groups based upon student outcomes using
(15:28):
quantifiable metrics such as the percentage of students who complete
their degrees, the share of bowers paying down their student loans,
and median earnings after graduation. The student attending a college
in the top one fifth of institutions is four times
as likely to graduate and two times as likely to
pay down his or her loans as a student attending
(15:50):
a college in the bottom fifth. And we can go
on and talk about the wage disparity and everything that
goes along with that. Interesting, you know some of these
top schools, Yeah, you're looking at their enrollment going through
the roof. They pointed out that in twenty ten, Texas
A and M enrolled forty thousand students. It's now over
(16:12):
sixty thousand. Students are figuring it out, not only since
they're choosing colleges that offer better prospects, but they're also
choosing better majors. Yeah, high wage majors are becoming more
and more popular.
Speaker 3 (16:29):
Yes, people are waking up.
Speaker 2 (16:32):
Yeahp twenty twenty three, colleges awarded three times as many
bachelor degrees and computer science as in twenty ten. Nursing
degree conferrals rose ninety one percent. I actually saw that
at my son's college. They put in a massive nursing
school and getting paid one hundred and fifty grand a
year when you graduate.
Speaker 3 (16:51):
Okay, it makes sense.
Speaker 2 (16:53):
Something that I've said all along when talking about higher
education and return on investment. And you need to even
look at it in other ways. Okay, your kid wants
to study this, I want to be in finance. I
want to work on Wall Street. Okay, you need to understand.
Unless you are going this is just the reality. Okay,
unless you have a connect, unless you know somebody, or
(17:18):
you are graduating from a top tier school.
Speaker 3 (17:21):
Good luck. It is very very difficult.
Speaker 2 (17:26):
I'm just telling you it's very very hard. And I
had this conversation with a dad again. I came out
of retirement and I'm coaching youth across again. This is
a dad who his sons are sons are you know
in the UH I get the eighth grade and you know,
doing the tournament circuit, and you don't want to go
(17:47):
on to all these various different things. And I made
it perfectly. I said, listen, I said, one of the
things we're gonna we gotta tell these kids, Okay, oh,
I want to play top level. I want to pay
play D one lacrosse. Well that's all well and good, okay,
but the more important thing is the level of education.
And if you get into a D three school, Now
let's say it's a NESCAC school. Let's say it's a
(18:08):
Williams or an Amherst or a Hamilton or whatever it
may be, and then you're at a low level D one,
go to the D three because you're there to get
yourself a job. That's what it's all about. It's become
that expensive certain states. I've done an unbelievable job of
(18:29):
keeping prices down. I know Mitch Daniels did a great
job of Purdue and not keeping tuition upstir. The University
of Florida system down here is off the charts with
the prices and how great they are. All of this
needs to be considered. You need to know your kid.
You need to understand who your kid is. Again, you
(18:52):
can afford, You can afford to send your kid to
school and pay for their entire education. Go ahead, all right,
that's fine, Okay, I did it for my kids.
Speaker 3 (19:03):
Okay. The rule was in my house.
Speaker 2 (19:05):
You got to tell me why you're going to school,
why you're going to school, and you better perform.
Speaker 3 (19:10):
You better perform. That was my rule. That was simple.
You know why am I paying? What? Why I'm investing
in you? Why?
Speaker 2 (19:17):
What are you going to do with this degree? Okay, again,
it might change. I understand that. I understand that. But
you have to have at least some sort of plan
going in. That plan might change, okay, and you better perform,
allowing your kid, allowing kids to graduate from school. You know,
tens of thousands, hundreds of thousands of dollars in debt.
(19:40):
I mean imagine that, especially now, difficult job market, highest
price your homes going at any point time, rents are
through the roof, and you got a one hundred thousand
dollars in student loans that you have to repay. Are
you doing your kid a service? By any stretch the imagination?
(20:01):
We are all these dudes, these majors are going to
be going away.
Speaker 3 (20:05):
Listen, okay, listen.
Speaker 2 (20:07):
You didn't do well in high school, you didn't get
into the top school, and you want to do something
you want, you might have to self educate for a while,
get your grades up, go to a community college.
Speaker 3 (20:16):
Okay.
Speaker 2 (20:17):
Then then once you do that, then get yourself into
a better tier school. That's the reality. People deal with it. It's
the terrain.
Speaker 3 (20:26):
I don't make it up. It is what it is.
Speaker 2 (20:29):
Watchdog on Wallstreet dot com. Watchdog on Wall Street dot Com.
Speaker 3 (20:33):
We'll be back.
Speaker 1 (20:37):
Chris Markowski is the Watchdog on Wall Streets. You should
(20:59):
believe in man, not magic. You're listening to the Watchdog
on Wall Street with Chris Markowski.
Speaker 2 (21:07):
Jerome, give me a mirror, Morris Day and the time.
Welcome back, everybody.
Speaker 3 (21:11):
It is the.
Speaker 2 (21:12):
Watchdog on Wall Street Show. Anyway, I gotta talk about
this again. I'm sorry, I know, I know. Making a
swamp great again. Mister President, as president, your tariffs are
not working, Okay, they're not. I know, you'd like to
(21:37):
think that they're working. They're not working. We're seeing this
happen in many different areas around the country. Again, it's
one of those situations where you're wrecking family businesses, you're
wrecking farms, a myriad of things. And I saw it coming,
(22:01):
saw it coming. Tariffs are damaging farmers, damaging other businesses.
So you know what you got right now, You've got
a long line. You got a long line of various
different interests, farmers, businesses at the Commerce Department looking.
Speaker 3 (22:20):
For Howard Lutnick.
Speaker 2 (22:22):
Yes, the little Ventuila cus dummy that sits on Trump's lap. Yeah,
soybean farmers. Soybean farmers got rocked, rocked. Their main export
market is China. We whacked China. China said, okay, fine,
(22:42):
We're not going to buy your soybeans anymore. China is
buying soybeans from Argentina and Brazil. US soybean exports to
China total two hundred and eighteen million bushols through August
of this year. You know, I want to know what
it was last year, nine eighty five million bushels ouch.
Speaker 3 (23:08):
Ouch. What do you do with all those soybeans? Huh,
what are you gonna do with them?
Speaker 2 (23:15):
You got you're you're in trouble right now, you're in trouble.
I got an idea. How about how about negotiate a
deal that gets China to repeal it's twenty three percent
tariff on US soybeans.
Speaker 3 (23:30):
Nope, no, no, no, no, here he comes.
Speaker 2 (23:33):
Trump has got to be stubborn and he is going
to cut farmers at check they use tariff money. Wow,
what would you understand the circular logic behind this?
Speaker 3 (23:46):
You want to explain this to me?
Speaker 2 (23:49):
Some are reporting ten billion, some are reporting fifteen billion. Now, okay,
we were we were told that the terrafs is gonna
cost us anything, right, correct me if I'm wrong, The
tariffs are not going to cost us anything?
Speaker 3 (24:04):
Okay, right right.
Speaker 2 (24:10):
The real problem with this, and I said this from
the very beginning, Yeah, drain the swamp. We got to
drain the swamp. You're making the swamp bigger and more powerful.
If you are a company, your company that has been
damaged by tariffs, an interest, whatever it may be, see
(24:33):
what you have to do right now is you have
to hire yourself a lobbyist. You have to hire yourself
a lobbyist inside the Beltway that's going to start paying
off politicians, and you've got to start buying influence to
get some sort of carve out, some sort of break,
some sort of giveaway something something. So we're essentially the
(24:59):
tariffs made the swamp bigger. Now again, I don't and
I don't know how he's going to do this again.
Could be me, I listen, I can read the Constitution,
correct me if I'm wrong. I think that the President
of the United States just can't take money and just
(25:20):
start handing it out without congressional approval. I can't, right, Jesus,
I didn't think they could. I know, we run this
entire nation now based upon an emergency. I don't know
if he's going to write an executive order and declare
an emergency that have to use money, probably what he's
(25:40):
gonna have to do. But is that really how we
should be running this country. We are in a perpetual
state of emergency. I keep thinking of that nineteen seventies
show that I used to watch when I was a kid,
the First Responders.
Speaker 3 (25:56):
They have emergency, and we have everything is an emergency.
Now have everything's in an emergency? Up?
Speaker 2 (26:01):
Yep, Yep, president can bomb wherever he wants the bomb
at any point in time because of nine to eleven,
and because there's a boogeyman under underneath anybody's couchs looking
to kill us at any point in time. Ah yeah,
we gotta put teriffs because we've got an economic emmerger.
Everything's an emergency. This is not how you run a country. Well,
it's not how you run a sane country. I wish
(26:23):
people truly appreciated the the the the art, the beauty
of the United States Constitution, how things are supposed to
be done. If the President starts to have to talk
at fifteen billion dollars to Soybean Front and with all
those all out waste and all that for you stupid
(26:45):
are agriculture again, Why that's not out of Washington. You
crush their market completely for what probably we've lost eighty
thousand manufacturing jobs. I know, I know, I know Howard
Lutnik different Twilkis Tummy says that to twenty twenty six
is the magic date. Twenty twenty six is all of
a sudden, We're gonna have, you know, factories everywhere, right, Okay,
(27:10):
sure thing, buddy. Anyway, watchdog on Wallstreet dot com. Watchdog
on Fallstreet dot com is our site. Become a part
of the Watchdog on Wall Street family, our personal CFO program, podcast, newsletter,
all sorts of great stuff. Watchdog on Wallstreet dot com.
Speaker 3 (27:27):
We'll be back.
Speaker 1 (27:44):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (27:54):
Were back listen.
Speaker 2 (27:58):
You have to be an independent thinker, and I know
if it's it's not. We don't have much of this
in today's day and age. Outside of all you know,
I call it alternative media podcasts like mine, radio shows
like mine, the Rogans of the World, the Dave Smith's
of the World, Tucker Carlson's out there that again, we
(28:21):
care about this country, that we're not gonna pick a
team and we're gonna call things like we see it. Yeah,
I'm gonna be heavily critical of Donald Trump when I
need to, and so should you. And if you're not
capable of doing that well, and it's weird, then you're
a member of a cult. That's not normal for crying
out loud. I can't give credit were credits toue to.
(28:43):
I think what Trump is doing when it comes to immigration,
I think is fantastic.
Speaker 3 (28:47):
Okay, Now do I like this?
Speaker 2 (28:50):
You know, and again you're gonna they're gonna focus on
you know, certain stories and whatnot where they're you know,
ice uh might have.
Speaker 3 (28:57):
Knocked somebody down or whatever it may be.
Speaker 2 (28:58):
Got understand the the the tasks that they are being
dealt with at this point in time. I get that
there's gonna be some issues, but without a doubt, no doubt,
he's dealing with a massive mess and he's done a
good job with that, God willing. You know, I'm not
holding my breath, but I hope things work out between
(29:21):
you know, the Palestinians and these railies and the hostages
come home and we head in the right direction.
Speaker 3 (29:26):
I hope.
Speaker 2 (29:29):
But you know, some of the things I gotta be
honest about. You know what this one, this was well
I wanted to focus on this too. This is something
that Trump has done not getting a lot of press
going after well, you know, I was going after colleges
and universities, and I didn't like quite frankly, I don't
like a lot of the whole you know, going after
people because of free speech. Again, anytime you're going after
(29:52):
free speech. I don't like that. People are free to
be idiots. Okay, they can say what they want, let
them protest, let them do what they want.
Speaker 3 (29:59):
I don't want that at all.
Speaker 2 (30:00):
The administration has got this Compact for Academic Excellence in
Higher Education and it leaked to the press, and basically
what it's doing is offering preferential funding if they schools
follow certain rules. These they're colleges and universities, and many
of these things, okay, are pretty good.
Speaker 3 (30:22):
These rules are common sense.
Speaker 2 (30:24):
Universities must must and the use of race or gender
preferences in hiring or admission on campus, okay, that's law. Anyway,
they have to establish what's called institutional neutrality, so schools
don't take sides in social and political issues unrelated to
the university professors. Professors can opine in private, private capacity,
(30:53):
but you know, the History Department can't dictate a certain
viewpoint when it comes to a conflict. The memo encourages
A and I love this a vibrant marketplace of ideas,
and that.
Speaker 3 (31:07):
Can't be said. We need that. That's what a call
you for. It's all about we need critical thinkers.
Speaker 2 (31:14):
This is this is great stuff that they're actually pushing
and I hope that they follow through with it. Got
to take another break. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com.
Speaker 3 (31:24):
We'll be back.
Speaker 1 (31:30):
You're listening to the Watchdog on Wall Street taking Wall
(32:00):
Streets liars, crooks and cheets out behind the woodshed. You're
listening to the Watchdog on Wall Streets.
Speaker 3 (32:10):
We're back.
Speaker 1 (32:14):
Yeah.
Speaker 3 (32:14):
Yeah.
Speaker 2 (32:14):
Meanwhile, they got the compact that Trump's were going to
put through and a lot of great things in there
that there really is. And again they're they're backing away
from dictating the hires, and I think that that's a
good move. But at the same time, you get this
story Harvard hires drag queen named Lahore Vajistan as visiting professor.
Speaker 3 (32:37):
And I actually had this. My mom heard about this
and she asked me about this. I do I understand?
Just how do they do stuff? I got a lot
of stuff.
Speaker 2 (32:45):
I'm like, hold on a second, nobody has to go
to a class. No, nobody has to go to this class.
Speaker 3 (32:56):
Again, I Harvard's got a fifty something.
Speaker 2 (33:00):
Than billion dollar endowment, and again they've got line of
customers that want to come to that school all the time.
Speaker 3 (33:06):
They can do whatever they want.
Speaker 2 (33:09):
I mean, this is one of those rules I was
telling you about college and kids. I also check my
kids or the classes that they take. I do, who
what parent out there? What kind of whack job parent
is going to allow their kid to take a class
with Lahore Vajistan as the visiting professor?
Speaker 3 (33:29):
I know, I won't one of.
Speaker 2 (33:31):
My kids, and one of my kids try to get
away with a BS class. Oh yeah, you know, I've
already got my grade to grade, you know, I mean
a few credits to graduate. I'm like, that's all well
and good, But you want to pay for the class. Sure,
you want to take a BS class, and you want
to pay for it yourself. That's fine, But I'm not
paying for it, Okay, And they listened. Listen, you don't
(33:55):
have to take those classes. And if nobody goes to class,
the class will go. Oh away. Anyway, this story is
it's pretty sicky, just and again it just shows you
just how screwed up our political system is. And again,
read the Federalist papers are founding fathers.
Speaker 3 (34:16):
It's like they.
Speaker 2 (34:17):
Had a bloody Dolorean nineteen eighties Dolorean with the flux capacitor.
You read the federalist papers. The things that they warned
us about, warned us against political parties and factions. You're
watching democrats right now. You're watching democrats circle the wagons
(34:39):
to back up Jay Jones, this guy running for attorney
general in the state of Virginia, after seeing these texts
that he put out where he had no problem, no
probably actually reveled in the fact that'd be great if
his political one of his political opponents children were killed.
(35:02):
This is someone that is leading right now in Virginia, Okay,
and they're circling the wagons around this guy. You want
to talk about a really ugly place we're at a country,
bleak morality that we have today.
Speaker 3 (35:24):
The other part of this story as well, and again.
Speaker 2 (35:28):
This is something that we should deal with right now
as a country, okay, as a country, as a nation,
you want to unify the nation, we should all have
the same rules when it comes to voting. Comes to voting,
and I'm sorry, you have to show an id you
(35:50):
know what.
Speaker 3 (35:51):
You also have to get rid of early voting. End
it and early voting.
Speaker 2 (35:59):
More than three one hundred and fifty thousand people in
Virginia have already voted before they learned that Jay Jones
is a psychopath. No, it's you know you want it's
what something healthy for the country. Okay, we again. You
know I love that line by Monti Penny and Skyfall
(36:22):
James Bond movie. You know, sometimes the old ways are best.
Speaker 3 (36:28):
She wasn't wrong.
Speaker 2 (36:31):
School was closed on election day. Okay, it was your
civic duty. Okay, you picked yourself up. You went to
the local school, your local firehouse, your local polling place.
You would see your neighbors, people within your community. You'd
go and vote, and you'd go home early voting, mail
(36:53):
in ballots. All of this nonsense. Does it make our
country stronger when people have little faith in the system?
And you know what too, Okay, spare me the the
electronic crap. I want a paper trail. You know what's
the funny thing is, we're always told, I've always told
how much technology is always making things better. Really, I went,
(37:20):
I went to UH. I had a bunch of people down.
This was a couple of weeks ago, a few weeks
ago to see the It was a home opener for
the Bucks and they were playing the New York Jets.
So I had a lot of my Long Island friends
come down to watch the game. And again we're there
in line, you know, trying to get through with the tickets.
(37:40):
You got problems. There's no paper ticket, it's just a
hand your ticket, Hand your ticket, you walk in. Now
you got to pull them up on your phone. You
gotta make sure you have the right app down there.
Oh my god, the scanner is not working at this point, Tom,
it's a hold of It's nonsense. How easy have a
(38:00):
physical ticket? You hand a ticket, you go into the
damn thing. You gotta make everything so damn complicated. Yeah,
anyway they do again, early voting mail in all this. No, no,
if it's important to you, if it's important to you,
if you want to you want to go, is it
that hard for you to get you? Oh, I gotta
(38:21):
work that well, get your butt up early, okay, and
get to the polling place before work. Just how much
better we were as a nation, How much better, how
much more unified we were as a nation when we
did that simple thing. It was something we all participated in.
Speaker 3 (38:43):
Don't tell me I'm wrong. I'm right, you know I am.
Speaker 1 (38:47):
So.
Speaker 3 (38:47):
Now you got three hundred and fifty thousand.
Speaker 2 (38:49):
People that may have voted for a psychopath for Attorney
General and it's too late already voted anyway, God bless everyone.
Thanks for tuning in to Watchdog on Wall Street show.
Watchdog on Wallstreet dot com is our site personal CFO program.
You want more of the Watchdog podcasts every day?
Speaker 3 (39:10):
Gotta check that out watch Doog on wallstreet dot com.
We'll see it.
Speaker 1 (39:17):
Chris Markowski is the Watchdog on Wall Street
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