The One Economist Who Could Actually Save Trump’s Economy (If He’d Listen)

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Breaking down the truth about inflation, jobs, and why Trump’s economic team is getting it wrong — plus the one person who could fix it all: Judy Shelton.
In this episode:

• The real reason inflation might finally tick down (hint: it’s not policy)
• Why small businesses are hurting while big corporations survive
• How tariffs are quietly crushing hiring and growth
• The insane debt addiction that’s stealing from our kids’ futures
• And why Judy Shelton — not another yes-man — could rebuild America’s economy for real

We don’t need another cheerleader. We need an adult in the room who understands money, debt, and reality.

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
All right, we want to talk a little bit about jobs,
inflation and someone that I really think Donald Trump should
hire could really change the change the direction the narrative
right now. You can get rid of Kevin Hassett in
a heartbeat. But we'll get into that in a bit.
We have been getting government numbers because of the shutdown,

(00:37):
but looking at some of the data, it looks like
it looks like inflation could be coming down due to
the decline we're seeing in rent around the country that
makes up what about thirty three percent of the CPI
and it's starting to fall off a cliff. So those

(00:59):
inflation numbers are probably going to be pointing to the
downside due to the rental numbers. Now, as far as
jobs are concerned, again, you can go back. People, you
are what your record says you are at this point
in time. I'll go all the way back, going back
to November of last year, and it was remember November

(01:21):
last year Trump got elected. Trump got elected, and a
lot of excitement, a lot of excitement when Trump got elected.
Last November, you had ADP employment changed upside two hundred
and six thousand, December two hundred thousand, January hundred and
eighty eight thousand, February hundred and forty eight thousand. But

(01:43):
you know that's when we really started to dip because
what do we have. We had ourselves Liberation Day and
it's come down October three thousand, private second their jobs.
It's not a very good number. That's showing. Obviously the

(02:05):
private sector is weakening. Now we've seen some of the
mass layoffs by some of the larger corporations out there
were really not seen, but it's it's happening. Is the
small businesses. Some people are blaming AI. AI is kind
of holding back hiring to some degree, But we haven't

(02:28):
seen layoffs due to a I. The real problem is
the small businesses that again, they're very nervous about the
current terrain for this country as far as business is concerned.
Tariffs playing a part in that. Again, they don't have

(02:49):
they don't have as much leeway to make a mistake
as a small business taken from me. I'm a small
business owner, and again I've got small business clients from
all over the country. This is not good gloomy holiday
hiring season. Companies say they're like likely to add far

(03:10):
fewer seasonal workers than in other recent years. Yeah, a
lot of retailers aren't there, not adding the workers, so
they're not exactly stoked as far as this holiday shopping season.
FED what are they going to do next in regards

(03:31):
to ray cuts? But based upon these numbers, and they're
going to get more. I do think the FED is
going to cut. I think a lot of the inflation
the more I look at it. Yeah, obviously monetary inflation
is always a monetary issue. But some of the price
increases we're seeing or without a doubt, having to do

(03:52):
with terrorists, which means they're not technically inflation inflation monetary.
And yes, we are still printing loads of money. With
that being said, a lady that I've got an un
I mean the highest respect for as far as economists

(04:12):
are concerned. She was actually Trump's first term, was nominated
to be on the FED board, and they didn't vote
for her because well, she's not she does she's not
a big believer in deficit spending and running up massive
amounts of debt. She was on Judy Shelton. I'm sorry,
Judy Shelton was actually on CNBC a couple days ago.

(04:37):
And if you don't know who she is, okay, I
strongly suggest you google her and watch her speak and basically,
again much brighter than I am, but echoes. You know,
we echo each other in regards to our sentiments when
it comes to this country, in regards to the problems

(05:00):
with continued deficit spending, the need to balance the budget,
just how evil it is. Basically, it's theft we're stealing
from future generations. I remember a bit I did on
this radio show, you know, going back to two thousand

(05:21):
and two, two thousand and three, comparing basically we're like
compared the United States to you know, some jerk on
the Jerry Springer Show. You know, that would be a
Jerry Springer Show episode where they bring parents on that
took out credit cards in their kids' names and destroyed
their credit And that's that's what we're doing. We're doing

(05:42):
it to our kids, and we've been doing it to
our kids. She is a believer. She discussed this of
you know, quite frankly, you know, inflation should be at
zero and talks about you in the Constitution. You know,
Congress has the power to pri money, and it's all
about measureasurements and the importance of actually having a solid currency.

(06:06):
We don't have it. We talked about the complete destruction
of our buying power fifty three percent over the past
thirty years. That's insane. It's insane, and she is someone
that's got some great ideas, great ideas to deal with it.

Speaker 1 (06:28):
You know.

Speaker 2 (06:28):
One of the things that interesting things she's been talking about.
I fully haven't gotten my arms around it. She wants
to issue a long bond, a thirty year bond, I
think a fifty year as well, where you can also claim,
you know, it's got a fixed fixed value for gold
at a certain time, you can actually when the bond

(06:49):
comes due, you can actually get it in gold. It's
pretty fascinating some of the things that she's talking about
and solidifying our currency and basically allowing people to not
feel like they're on a hamster wheel all the time
because the value their hard to earn money is going backwards.

(07:09):
So that's just a suggestion. Okay, you want to shake
things up. Okay, you want to, you want to real
free think or someone thinking outside the box. Again, She's
not a pushover, Okay, not gonna, not gonna kiss Trump's
ass by any stretch of the imagination. But uh, it
was up to me just say Judy. Okay, hire Judy Shelton,

(07:30):
watchdog on Wall Street dot Com.