The TRUE COST Of Inflation on Your Wallet

The TRUE COST Of Inflation on Your Wallet. www.watchdogonwallstreet.com

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):
Inflation is theft.

Speaker 3 (00:20):
That's one of the reasons why we really need Elon
and Vivek to succeed. We really have to cut government spending.
We have to stop spending and printing so much damn money.
I saw a couple of stories I've talked about the

(00:40):
waste in government, and I'm just going to pull these
two ups. This is some of a just real estate,
real estate, as far as our government is concerned. Federal
government has fourteen thousand right now empty buildings. These empty

(01:04):
buildings two billion dollars in maintenance and utilities. On top
of this, the federal agencies right now they only use
twenty five percent of existing capacity.

Speaker 2 (01:20):
Yet at the same time there's we're spending. This is
buildings that they own. They're leasing five billion dollars worth
of other offices. Get your arms around that, because they're
more desirable office spaces. Yeah, how about this.

Speaker 3 (01:38):
One, Yeah, we pay, We're paying right now. Two hundred
and twenty million dollars to rent the entire Roosevelt Hotel
in Manhattan to house illegal migrants the hotel. The hotel

(01:59):
happens to be own buy the government of Pakistan. How
did Pakistan grab this hotel? That, to be honest, was
pretty much it's a crap hole.

Speaker 2 (02:12):
Okay.

Speaker 3 (02:14):
We gave it to them as a part of a
one point one billion.

Speaker 2 (02:18):
Dollar IMS bailout package.

Speaker 3 (02:23):
Yeah, prior to them giving that, giving them that hotel
in twenty twenty, it was, you know, it was closed.

Speaker 2 (02:31):
So we gave them.

Speaker 3 (02:33):
A hotel and we're now paying rent again.

Speaker 2 (02:40):
Get your arms around that. We can go on and
on and on and countless examples. And I.

Speaker 3 (02:47):
Pulled this up the great Thomas soul. Obviously this back
in the nineteen nineties. One hundred dollar bill, one hundred
dollars bill would buy less in nineteen ninety eight than
a twenty dollar bill would buy in the nineteen sixties.

Speaker 2 (03:08):
So basically, if.

Speaker 3 (03:10):
You put money in a can and you buried it
in your yard or you left it in a safe,
you lost eighty percent of its value. Again, Thomas said,
because no safe can keep your money safe from politicians
who control the printing presses.

Speaker 2 (03:32):
So I said, I just pulled.

Speaker 3 (03:33):
It up, and I highly suggest you you bookmark this site.
Bookmark an inflation calculator site. One hundred dollars in nineteen
ninety eight, it's worth today thirty one bucks, thirty one dollars.

Speaker 2 (03:53):
They're stealing from you. They're stealing from you. And don't
let any of those left wing morons.

Speaker 3 (03:59):
On TV tell you, oh no, his government programs are
great and we need him, we need all this stuff.

Speaker 2 (04:06):
Mark Watchdog on Wall Street dot com