October 26, 2025 • 39 mins
Chris Markowski discusses the myths surrounding Social Security, the healthcare crisis exacerbated by Obamacare, and the influence of insurance companies on the healthcare system. He also critiques the impact of tariffs on small businesses and emphasizes the need for financial freedom and transparency in the financial world.
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Episode Transcript
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Speaker 1 (00:06):
Well known author, investment banker, consumer advocate, analyst, trader Chris
Markowski is the watchdog on.
Speaker 2 (00:14):
The Wall Street.
Speaker 1 (00:16):
Do you want to answer exposing the lines and myths
that the big brokerage firms, the mainstream press, and the
government are pushing to keep Americans away from financial freedom.
Speaker 3 (00:27):
You can't handle the true.
Speaker 1 (00:29):
Truth bringing America the truth about what really happens in
the financial world.
Speaker 3 (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 Wall Streets.
Speaker 3 (00:44):
Ohlighty, you welcome back everyone.
Speaker 2 (00:49):
It is the Watchdog on Wall Street show.
Speaker 3 (00:52):
A bad habit that I've been doing for twenty five
years on air as I mentioned something on the program
and I say I'm going to get into it later
on in the show, and then I forget.
Speaker 2 (01:05):
I forget, and I'm not starting to write things down.
Speaker 3 (01:08):
You know. I got to mention this because I promise
i'd talk about it later. And that's get quickly back
to what we were talking about earlier. When it comes
to social security, in the lies that we're told mainstream
media right now, for the most part, is a joke.
It's a joke. I watch certain people now that they
(01:32):
try to create various different characters, and they've done that
with me. You know, I've done a ton of television Fox, Business, CNN, CNBC,
and they eventually get tired of me because I don't
follow their scripts. I don't follow their scripts and I
don't follow the direction that they want me to go in.
(01:54):
And then they get tired of me, and they'll call
me back and Okay, They'll have me on for a while,
and then I'm like, no, no, no, I'm not playing
your game. I'm not playing nonsense. You're not going to
box me in. There's one kid out there, he's uh,
he's on. It's not doing a lot of he's putting
him out. There's this big conservative, this guy with Fish
Bank or something like that.
Speaker 2 (02:14):
Yeah, he just had his ETF shutdown.
Speaker 3 (02:17):
They were kind of putting him out there as this
big conservative investor out there.
Speaker 2 (02:21):
He had this ETF, he had maybe twenty.
Speaker 3 (02:24):
Thirty million dollars and it was tiny, but he he
making a name for himself because he'd go on the
program and he'd go off on the super Maga Rants Member.
It was talking about the whole Federal Reserve with the
page and getting thrown off, and I was just going
off and I'm like, do you realize that none of
the stuff is really that important? Again, they they'd ask
me to talk about those things. I'm like, no, now,
(02:46):
it's stupid, stupid, I'm not wasting my time with this.
Speaker 2 (02:50):
Well, he was on this past week, and this is
part of the thing.
Speaker 3 (02:53):
He was going off on a rant talking about social
security and medicare and how everyone is entitled to it.
It's not right and paid into this their entire lives.
And the kid doesn't know what he doesn't No, first
and foremost, and this might be a newsflash, might not
like to hear this, but you are not entitled to
social security. You're not not titled to social security, not
(03:15):
titled medicare. There's been two Supreme Court decisions, okay, and
both Supreme Court decisions say that it can be canceled
at any point in time. This is why, because of this,
Because of this, this is why the government doesn't count
social security and medicare as liabilities on their books. Because
(03:36):
if you were entitled to them, if it was truly
an entitlement, if it was your money, if you had
that money there, then guess what then they would have
to count it on their books, and then our thirty
eight trillion dollars in debt would look something like I
don't know, seventy five eighty trillion dollars in debt if
not even larger. So no, no, it can be canceled tomorrow. Okay,
(04:02):
And you wouldn't be entitled to a damn thing. You
have no claim another thing. Okay. The entire design from
the get go has always been a Ponzi scheme. I
mentioned this earlier. Okay, Life expectancy in nineteen thirty five
was sixty one years old. Sixty one. You started getting
(04:26):
Social Security at sixty five. Now, as our birth rates
are declining and as people are living longer, guess what.
The numbers don't work. They haven't worked for some time,
and no one has done a damn thing about it.
Got it, got it? I don't care how many Bernie
(04:49):
Sanders types people out there protect Social Security types out there.
Speaker 2 (04:53):
You're protecting a Ponzi scheme.
Speaker 3 (04:55):
It's basically coming out and saying, let's protect Bernie made
off you got it? Real reform George W. Bush against
be honest George W. Bush. It would have been actually
a good thing. That he could have accomplished during his
presidency would have been to get Social Security reform across
the finish line. He had a good plan there, but
(05:15):
he was too busy, too busy blowing up Iraq lost
all political capital. Anyway, moving on, got to talk about
going to drop some health care truth bombs.
Speaker 2 (05:33):
Right now.
Speaker 3 (05:35):
Right now, Republicans have a tremendous opportunity to accomplish something great,
to truly accomplish something great and get the country on
much more solid footing. And that is blow up Obamacare.
(05:57):
Blow up Obamacare, get rid of it. In amazing the
things that they call these various different things. The Obamacare
is the Affordable Care Act. Think about that name, the
Affordable Care Act. It's kind of like the Inflation Reduction Act.
You got to think about iin ran when shrowde Atlas
shrugged and the ridiculous names of government programs. Man, she
(06:20):
was on to something back then. I mean, think about
that for a second. The Affordable Care Act, Well again,
we can, we can go through this. And I don't
think Republicans are going to do a damn thing. Why
are Republicans not going to do a damn thing? Both
Republicans and Democrats get nice checks from insurance companies. What
(06:45):
was it? I think I saw this past week that
it was one hundred percent, one hundred percent of all politicians,
all senators excuse me, that are running for reelection, one
hundred percent are getting money from insurance companies getting checks
from insurance companies. And I think it was ninety seven
percent of members of the House are getting checks. Did
(07:10):
you understand what a disaster this is? We're at a
point time. This was an actual, this was a Wall
Street Journal article. Think about this. The average cost, the
average cost of a family health insurance plan is now
twenty seven thousand dollars and what is that with a
fifteen thousand dollars deductible. I mean, that's where we're at
(07:35):
at this point in time. And what was funny this
past week I was blown away by this is that
Democrats Democrats, because of the government shutdown, does they want
to they all got to have those it increased Obamacare
subsidies that they put in a place during COVID, they
(07:55):
put in a place during COVID. They put them in
place during COVID, and then they made them inspire this
year so they could make the books look a little
bit better. They want those things to come. And they're crying, Oh,
people are gonna lose their elemger that all to do.
Oh it's terrible. Bernie Sanders out there clh, my god,
is it terrible the people I care about. So this
(08:18):
past week, there's just a couple of these stories. I'm
gonna point out one of them. This was on CNBC.
This is on CNBC, and they try to put it
out there.
Speaker 2 (08:27):
It's, oh, no, this is terrible. What was me's story?
Speaker 3 (08:31):
And then you started seeing Democrats retweet this story out
and Americans actually like, what are you serious? So here's
the story, Okay, ACA enhanced subsidy laps could hit early
retiree his hardest AMID shutdown fight? What early retirees hardest
(08:53):
AMID shutdown fight? And there's a picture of a couple,
Bill and Shelley gall Yeah, they say they'd be rich
if it weren't for their medical bills. They were tired
in their fifties, tired in their fifties, so they couldn't
get Medicare, couldn't get Medicare, so they got an insurance
(09:17):
plan through the Affordable Care Act. So they have spent
about twenty thousand dollars on healthcare expenses and insurance premiums
in twenty twenty three and twenty twenty four. This is
due to chronic health issues and emergency eye surgeries. They're
on pace for twenty twenty five for a smaller fund,
(09:38):
a smaller fee this year. But next year. Ah no,
their costs are gonna grow. Yeah. Bill is sixty one,
Shelley is sixty They're gonna have to pay seventeen hundred
dollars a month in health insurance premiums if the enhanced
premium tax credits expire three d increase. They only pay
(10:02):
four hundred and forty two dollars premium. Oh no, it's
fifteen thousand dollars a year to their household medical costs. Hey,
you're sixty one, you're sixty Get a job. Yea, yeah, yeah, yeah,
get a job. Oh what's the matter, boomer? I'm sorry,
(10:23):
I'm tired as boomer. Nonsense. We are paying for subsidies
for early retirees. What so they can go on an
extra viking cruise over the course of a year. For
crying out loud, I'm tired as crap. Who in the
world do you think you are? How do you do this.
(10:44):
We're thirty eight trillion dollars in debt as a nation.
You're putting this on my kids' credit cards and you
have no problem with that. You feel like you're entitled
to that. Get a job and then more of these
stories out there. Oh yeah, I'm still a member of
(11:06):
the Carpenter's Union. I'm fifty eight years old. But you
know these insurance premiums are gonna go up if you
know they enhanced premiums go away? Are you kidding me?
I'm gonna feel sorry for you. Pick up a hammer,
bub go, get a job at Walmart. I don't care.
Why should I have to pay for your insurance because
(11:26):
you want to retire early. It blows my mind how
people think. I don't even know. How do you do this?
Explain it to me? How is that okay? Tired in
their fifties and then they're getting subsidized Obamacare insurance? Are
you nuts? I run a business. You know what it
(11:48):
costs me for my employees. My health insurance costs have skyrocketed.
Speaker 2 (11:59):
Yeah, there all we go, well, Bernie Sanders and where they're.
Speaker 3 (12:01):
Oh, we're all going to cabos. The fifteen million people
out there that we're not going to have their health
insurance anymore. No, no, no, you don't give a damn
about those people. You give a damn about the insurance
companies that are not going to get their tax dollars.
There's those enhanced subsidies, because that's where the money is going.
Speaker 2 (12:20):
For crying out loud, you know. And it is this
funny thing.
Speaker 3 (12:24):
I mentioned this before because everyone you know talks about
Warren Buffett, they always present him as you know this
folksye oh, you know. He has Cherry Cokes and he
likes Terrry Queen and he goes to he's living in
the same house that he's been in there for years.
And I've told you here on the program. He's a
very smart investor, but he's a shark man. He's a shark.
(12:48):
He a major investor in United Healthcare. He understands, he
understands government. He understands that guess what, United health Care
is just going to keep getting government checks and most
of their money comes from tax dollars. Why do you
think he invested in that thing? He talked, he talked
about it, took about regulatory capture and how it works,
(13:13):
and that's it's just a beginning. You want to look
at how bad it is for doctors out there. You
want to talk about of the biggest scams going you understand,
and again, this is a societal thing here in the
United States. We're always told that, oh my god, it's
a nonprofit, like it's got some sort of halo around it.
Are you out of your mind? Nonprofit? Why don't you
(13:36):
take a look at that patch on a New York
Yankees uniform. Okay, it's a hospital patch. They paid fifteen
million dollars to put that patch on the Yankee uniform.
And that hospital most certainly has got a luxury suite
there at Yankee Stadium for all their administrators. For crying
out loud. Nonprofit, Yeah, just like colleges and universities. Nonprofit. Nonprofit,
(14:00):
my buttocks for crying out loud. Oh yeah, the guy's
running the hospital making twelve million dollars a year. Non profit.
That's a joke. You know. The difference is is that
independent doctors and physicians one that are that are not
nonprofit because they're evil, because they're about profits. They've got
to pay taxes, they gotta sign personal guarantees, they gotta
(14:21):
put up curl collateral and at all, you're not nonprofit,
like it's some sort of accusation. Nonprofit health systems pay
no taxes, they collect subsidies, they usue tax exempt bonds.
Then they use that money to buy doctors. Okay, this
is what we call wealth transfer disguised as morality. Okay,
(14:45):
oh yeah, it's community service. It's not community services. It's
a racket man to wracket in the same way colleges
and universities racket hedge funds with non profit status. Do
you realize that all are nation's big hospitals are non profits.
It's a great intellectual I was writer and talks about
(15:08):
covers healthcare that I follow and read his stuff. His
name is Dutch Rojas and he he's talking to us
his last week I was in Houston. I was in
a non profit health system, had valet parking a sushi bar,
and he said it had more marble than the Vatican.
Speaker 2 (15:27):
For crying out loud.
Speaker 3 (15:29):
Some are starting to get it, some but not enough,
not enough, because again, let's let's be honest here. To
be honest here, Like I said, these politicians they have
a yeah they have a quota. Yeah you know that
they have a sales quota. Yeah, your your your friendly
neighborhood representative and senator. They have a sales quota. They
(15:51):
have a amount of money that they have to raise.
And again, it's a hell of a lot easier to
raise money by collecting those big dollars that low lying
fruit and insurance companies being one of them, right, Marjorie
Taylor Green.
Speaker 2 (16:07):
Actually, she's starting to get it.
Speaker 3 (16:10):
She's starting to get it. And again, I'm pretty sure
that Trump was going to get tired of her fairly
quickly because she's starting to think for herself when it
comes to issues here in this country. We're going to
take quick break right here. I'm going to get into
what she had to say when we get back Watchdog
on Wall Street Talk. I'm Watchdog on Wallstreet dot com again.
Is our site. Become a part of the Watchdog on
(16:32):
Wall Street family, our personal CFO program, our podcast, newsletter,
all sorts of great stuff. Watchdog on Wall Street dot com.
Give us a call. Eight hundred and four eighty four.
Speaker 1 (16:56):
The only man who is taking on the Wall Street
is Eblishment. You're listening to the Watchdog on Wall Street
with Chris Markowski.
Speaker 3 (17:11):
Again. I remember that the memory of this video from
from back in the day, and I'm quickly I think
MTV stopped all their music videos. I don't even know
they did them anymore, but I remember that video and
it was some of the Duran Durant videos way back
when you watched all these exotic places they were having
(17:33):
these videos and this this song in particular, beaches here
and there and everywhere. And I was like, you know, someday, someday,
but anyway, welcome back. Before we get into Marjorie Taylor
Green statement, this I got a kick out of. You
got New York, New York Senator Kristen Gillibrand, she.
Speaker 2 (17:52):
Puts out a tweet.
Speaker 4 (17:54):
Without key Affordable Care Act tax credits, a personal mate
person making sixty five thousand dollars a year in Tompkins County,
New York would pay close to ten thousand dollars a
year for health insurance.
Speaker 3 (18:09):
And that's the cheapest plan available. If Seder Republicans let
the tax credits expire, people won't be able to afford
health insurance. Period. Good Oh you're evil? No no, no,
good good, good good night. Let it go away. People,
Do you understand? Do you understand? What do you think
(18:31):
is going to This is not about people. This is
about keeping the insurance companies in business. I'm going to
present this to you again. Okay, why do we need
insurance companies? What the what the hell those insurance have
(18:52):
to do with health care? Seriously, seriously, you go to
a doctor, right, do you know what the bill is
going to do? Is there any menu there telling me
what the price is going to be? Again again I
said this last week. Use your imagination, Just use your imagination.
(19:14):
Imagine Okay again I hate that song by John Lennon.
By the way, Okay, I rewrite the entire thing, but
I throw this line in there. Imagine there are no
insurance companies. Well, you know what do you think? Doctor's
not going to show up to work next day? Hospitals
going to shut down, New New, No, No.
Speaker 2 (19:36):
What we would have is competition in the system.
Speaker 3 (19:41):
And they would have to price their various different products
and services based upon what people can.
Speaker 2 (19:47):
Afford to pay.
Speaker 3 (19:50):
Like everything else, right, everybody, based upon what people can
afford to pay. No insurance company out there. Think about
all the layers of middlemen and crap that your insurance
dollars go through. How many hands are touching your dollars
(20:12):
taking their vig along the way. This is like again
Don Finucci, godfather to except a thousand times worse. How
many people are wedding their beak on your insurance dollars
along the way. What if they weren't, do you wi is,
maybe your doctors might actually get a little bit of money. Reality, people,
(20:33):
Reality think about A contemplate reflects, we got more when
we come back. Watchdog on Ballstreet dot com We'll be back.
Speaker 1 (20:58):
You should believe it not magic. You're listening to the
watch Dog on Wall Street with Chris Markowski.
Speaker 3 (21:06):
Yeah. Representative Marjorie Taylor Green And I again, I had
issues with her. I did some of the the comments
that she'd put out in the past, uh over the
top for me, and I thought, we're just not that helpful.
She's figuring things out right now. God bless her she
(21:29):
And again I'm you're actually seeing it in her tweets.
She's like learning the light and she's figuring it out.
That the racket, how bad it is. And I just
I hope she has to be honest. I pray for
I hope she has I hope she has excellent security.
I'm sorry, I hope she has excellent security. You know,
(21:51):
Trump has held his fire with her.
Speaker 2 (21:53):
He has.
Speaker 3 (21:55):
I don't know how long that's gonna last. This is
what she put out more of my Republican and colleagues
are finally talking about the unaffordable health insurance crisis. But
yesterday on our GOP conference call, Speaker Johnson said he
has ideas and pages of policy, but he did not
say a single policy plan. I think that is unacceptable.
(22:15):
All right, Marjorie, I'll fire some outright here. I can
fix it a week. Oh yeah, yeah. You want to
have health insurance. Sure, Sure, you get rid of all
the nonsensical mandates. You allow for catastrophic health insurance, You
allow for insurance to be sold across state lines. As
many policies out there, let them compete against one another.
(22:38):
It's simple things you could do, simple things you could
do to fix the problem. That's just some anyway, I'll
go on, well, she will go on. Democrats created this
nightmare fifteen years ago, then made it worse than twenty
twenty one by extending the ACA tax credits that are
now expiring. And I find it unacceptable that Republicans are
(23:00):
sitting on the sidelines doing nothing to fix this healthcare
disaster that is leading many Americans into financial ruin. Yeah, Marjorie,
they're not gonna do anything because they get checks from
these people. I want anybody think about it. Okay, the
definition of insanity, stupidity, whatever, is doing the same thing
(23:23):
over and over again and expecting a different result. You're
gonna throw more money at this ACA, Obamacare Affordable Care Act.
It's just going to make the problem worse. It's like, hey,
you know, we know we got a fire here, and
we tried to put the fire out by pouring gasoline
on it. You know it did work. Let's throw some
(23:44):
more gasoline on it. That's how stupid they are. Well, no,
they're not stupid. They're smart. They're collecting their checks. America
gave us the House and Senate majority and entrusted us
to legislatively deliver the agenda they voted for, and along
with that comes the reponsibility to help Americans America first. Remember,
I don't know, Marjorie. I think we're more. I think
(24:07):
that's kind of gone by the wayside.
Speaker 2 (24:09):
I think we're more.
Speaker 3 (24:09):
You know, Argentina first, Israel for America first. I don't
see that, Marjorie, I really don't. But anyway, that's just
me not leave Americans wondering if or when Congress will
finally fix the healthcare industry. Why they look ahead to
not knowing if they will even be able to afford
health insurance. Democrats are complaining day in day out about
(24:32):
the coming massive insurance hikes because of the expiring tax
credits that they put in place, as the healthcare exchange
rates go back to the original Obamacare system Democrats put
in place. By doing so, they're admitting they screwed the
whole health insurance system up, and they are admitting original
Obamacare is now way too expensive.
Speaker 2 (24:52):
This is true.
Speaker 3 (24:53):
And the funny thing is is that Americans are seeing
it now. They're starting to understand now, which is again,
whenever you start giving free stuff away to Americans, it's
very very difficult for people to see through it. Okay,
they see it. Now, here is your opportunity take it anyway.
(25:17):
She goes on Republicans, it's time to build the off
ramp of Obamacare in a responsible way, deregulate healthcare and
pharmaceuticals and demand price transparency across the board, and incentivize
the market in such a way to open up competition
which will drive down cost. Pick up your bat and
(25:38):
ball and get in the game. As representatives, it's our
responsibility to lead and work for our districts.
Speaker 2 (25:44):
Our districts voted for us. Our districts sent us to Congress.
Speaker 3 (25:47):
No one else, no one or any lobby deserves our
loyalty and support.
Speaker 2 (25:53):
Only our districts. Wow again, she's got it right.
Speaker 3 (26:00):
She actually I must, she must have her little Ron
Paul pocket constitution, and she understands how the country is
supposed to work. If you are a member of Congress,
you represent your center. You're supposed to represent your constituents.
You're not supposed to be a rubber stamp for the
president of the United States? Am I wrong? Here?
Speaker 2 (26:23):
Now again?
Speaker 3 (26:25):
Massive opportunity right in front of us, right now to
make the country better. Put America first, get rid of Obamacare,
bring competition back into our system, lower costs for all Americans,
and put healthcare administrators and bureaucrats working in the insurance
(26:47):
industry out of business. Tell them to go get a
real job. Yeah yeah, yeah, let's let's put the power
back in doctors again. Could be me calling me crazy. Okay,
I don't want to have to get on the phone
with some some child okay, some child in Nebraska somewhere
or in I don't know, uh India, telling them that,
(27:10):
you know, my kid needs an MRI because the orthopedic
surgeon ordered it and you rejected it. You know what
that for lack of a better phrase, pisses me to
hell off and most Americans as well. That's Obamacare. You
guys can't get rid of that, yo.
Speaker 4 (27:27):
Really?
Speaker 3 (27:28):
Oh you got to continue to get your checks from
the insurance industry. Shame on you.
Speaker 2 (27:35):
Watchdog and Wallstreet dot Com.
Speaker 3 (27:36):
Watchdogawallstreet dot com a little fire up today. As you
can tell, watch Dogwallstreet dot Com, we'll be back.
Speaker 1 (28:00):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (28:12):
Oh ready, soul man.
Speaker 2 (28:19):
You know what I'm not. I'm not a get bought man.
Speaker 3 (28:23):
Oh yeah, yeah, you know, easy to be the pad
profits here profits what Watchdog on Wall Street show. We
haven't taken an advertisement ever ever. And I'm just.
Speaker 2 (28:39):
There's a bit of a note to.
Speaker 3 (28:41):
You, okay, any ads, Ryn, I have nothing to do
with okay nothing. I don't see a dime. Same thing
with the podcast now podcast YouTube, they put ads up
on the I don't. I don't know where the am.
I don't see a dime. I have nothing to do
with it. Okay, just so you know, okay, I'm not
unless you hear my voice. Listen, you hear my voice
(29:02):
on an endorsement. I'm not endorsment crap. Just so you know,
could though, because it's it's the money maker nowadays. You know,
if I was to be a mega, a MAGA influencer,
oh yeah, I get paid by the tweet, or I
can be a donkey influencer, and I could get paid
(29:23):
by the tweet. Pushing the gender push stuff here on
the program. Never ever, ever, Okay, not happened. I'm telling
you right now. I Sally. We're talking about that with
someone this past week, talking about the problems with social
media and these influencers. I can't stand them. I can't say,
(29:45):
you don't know who's a bot, who's real, who's not? Really?
What I think they should do because you have to
do that. If if if let's say Fox News or
New York Times or whatever, they were having to put
something on their pages or on their website and it
was an advertisement, but it looked like a story.
Speaker 2 (30:03):
They'd have to at least put in fine print.
Speaker 3 (30:05):
You know, this is paid for a sponsored sponsored article,
paid for article. They should be a law when it
comes to social media. If you are getting paid to
endorse something or paid for a post, you should have
to disclose that or get fined. And the person that's
paying you should have to get fined because then you know,
(30:26):
then you know that someone is getting paid to say something,
to push an idea. Problem solved. See that, See how
we fix problems here on the program lickety split. Anyway,
we got a couple of good guys, a couple of
good guys that Trumpster doesn't like, Ran Paul and Thomas Massey. Actually,
(30:50):
Trump has got his big bad billionaires, his big bad
billionaires going after Thomas Massey in Kentucky. Oh you want
who these billionaires are? Oh yeah, buddies with Trump. New
York billionaire Paul Singer. Yeah, who has donated millions to
transactivism groups, who has bankrolled prohibortion, pro abortion democrats. Hey's
buddies with sorrows to promote open borders, all sorts of stuff.
(31:13):
He's one. Oh yeah, you got John Paulson, who's on
the Epstein Blacklist, and of course Miriam Adelson. Okay, another
lefty watchdog on wallstreet dot com. More when we get back,
we can live.
Speaker 1 (31:35):
Five. Chris Markowski is the watchdog of Wall Street, taking
(32:00):
Wall Streets liars, crooks, and sheets out behind the woodshed.
You're listening to the watch dog on Wall Streets.
Speaker 2 (32:12):
Welcome back. I'm gonna read you something again.
Speaker 3 (32:17):
I don't win when it comes to politics to people
that I endorse and believe in. And going back to
Ron Paul, Rand Paul's father, can you go back?
Speaker 5 (32:29):
It's why you go back and watch the debates with
him and Obama and Mitt Romney and Ron Paul, and
he cleaned their clocks, and you go back. He was
right on everything that he called for, crying out loud
again and again and again. But anyway, I have to
carry around with me my little Ron Paul pocket constitution.
Speaker 3 (32:49):
Anyway, this is something put out. Government cannot protect our
freedom by taking away our freedom. It cannot shield us
from harm, real or imagined by censoring the truth and
ripping away our privacy. The government cannot battle communists by
acting just like communists. It cannot protect us from corporate fraud.
(33:12):
By mandating the use of their fraudulent products. The government
is supposed to follow the law, which is the US Constitution,
not ignore it and give lip service only when politically convenient.
The Bill of Rights is not a joke. Those rights
precede the government and are not granted by them. The
(33:33):
primary job of every good citizen is make sure that
those God given rights remain uninhibited. And you talk about
the billionaires that Donald Trump has sicked on Thomas Massey,
and he's again gonna sick them on Ran Paul as well.
The guy that's running against Thomas Massey, this Ed Gallerin
(33:54):
in Kentucky. He came home to Kentucky where my family
is farmed for five general and he says, this is
Trump country. But Thomas Massey is blocking the president's agenda.
I'll stand shoulder and shoulder with Trump and deliver for.
Speaker 2 (34:09):
Kentucky Trump Country.
Speaker 3 (34:14):
What then, you represent the citizens of your district in Kentucky,
and you might want to pick up a constitution. We're
supposed to have these separation of powers. What the hell
do we need Congress for If you're just gonna rubber
stamp everything the president does. What is your point if
(34:37):
that's your point that all the left wingers with their
No King rally last weekend, We're right, what do we
need you for? If you're Trump comber or whatever Trump says,
whatever Trump says I'm gonna do, or you would train monkey. Huh.
I don't know. I don't know where these people come from.
(34:58):
I really don't. Again, they obviously don't understand how the
country is supposed to be run. But anyway, I got
to talk about this again too, and I'm sorry. You know, listen,
I give credit to the Trump administration when credit is due,
and I have here on the program. But these tariffs
(35:18):
have got to go. They have got a go. Small
businesses are being crushed all over the country, and I
get the stories, I get the emails what's going on,
and how hurt people are having to go into debt
just to keep their businesses afloat because all of a
sudden they're getting a bill for products that they're having
(35:43):
shipped in here to the country, and many of them,
I mean, I get questions. I'm like, don't do it.
I mean, I listen, you have to make your business work,
and the numbers don't work anymore based upon these tariffs
and again, when someone's arts of business. When someone starts,
it's their baby, and they don't want to they don't
(36:05):
want to shut it down, they don't want to declare
bankruptcy and have to shut it down. Just you can't
go further into a hole with this. Yeah, people, right now,
there's a gentleman. Gentleman here, he's got a shoe wear
footwear company. He sells through Macy's and Nordstrooms and DSW.
(36:26):
He had to take out a two hundred and fifty
thousand dollars loan to pay his tariff bill. Two hundred
and fifty thousand dollar loan used to be seventy five
hundred dollars for a similar size container. New tariffs two
hundred and fifty thousand dollars. He's got to make weekly payments.
He's got a thirty two percent interest rate. I'm like, dude,
(36:47):
you're not going to make money. How it doesn't make
any sense. Again, the cost of companies this year one
point two trillion dollars. If you think China is paying
for it, India's payment, they're paying a part of it.
(37:07):
The companies that they're paying a part of it, But
we're paying too. Businesses here are paying again. I saw
this this past week. I wanted to pull my hair out.
I did. Scott Bessett was being asked about tariffs and
tariffs being a tax, and he said, well, well, you
pay a fee to get a driver's license. Is that
(37:28):
a tax? Yes, Scott, it is. You might call it
a fee, but it's a tax. Scott. Let me ask
you question, Scott, which weighs more a pound of lead
or a pound of feathers? They're both a pound. Okay,
the money's still coming out of my pocket. It's still
(37:50):
going to you the government. What is it? Then it's
a tax. You're whacking people upside the head. And I
don't know what's gonna happen. I don't know what's gonna
happen with the Supreme Court. I don't know how they're
going to rule on this. But it's not only that,
it's the concept as well, is that, you know, people,
(38:13):
let's just be honest.
Speaker 2 (38:14):
We can't do we can't be the best at everything
here in this country.
Speaker 3 (38:18):
It was a great story that was put out great
uh Peace in regards to tariffs making us pay more
for worse products. Do you honestly think that we're gonna
be able to grow enough coffee here in the country.
Do you think that we have the proper climate and
soil for coffee to compare to Columbia and other places. No, No,
(38:41):
there's nothing wrong with buying things, honest. Do you honestly
think that we're gonna start making shoes as good as
the Italians make shoes? Are you out of your mind?
Not going to happen? Trade is good, Okay, tariff's bad. Anyway,
(39:02):
gotta go, God bless everyone will see us same time,
say place next week. Oh, by the way, again, get
to our website, Watchdog on Wallstreet dot com or personal
CFO program podcast. We'll see it.
Speaker 1 (39:18):
You're listening to the Watchdog on Wall Streets
Well known author, investment banker, consumer advocate, analyst, trader Chris
Markowski is the watchdog on.
Speaker 2 (00:14):
The Wall Street.
Speaker 1 (00:16):
Do you want to answer exposing the lines and myths
that the big brokerage firms, the mainstream press, and the
government are pushing to keep Americans away from financial freedom.
Speaker 3 (00:27):
You can't handle the true.
Speaker 1 (00:29):
Truth bringing America the truth about what really happens in
the financial world.
Speaker 3 (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 Wall Streets.
Speaker 3 (00:44):
Ohlighty, you welcome back everyone.
Speaker 2 (00:49):
It is the Watchdog on Wall Street show.
Speaker 3 (00:52):
A bad habit that I've been doing for twenty five
years on air as I mentioned something on the program
and I say I'm going to get into it later
on in the show, and then I forget.
Speaker 2 (01:05):
I forget, and I'm not starting to write things down.
Speaker 3 (01:08):
You know. I got to mention this because I promise
i'd talk about it later. And that's get quickly back
to what we were talking about earlier. When it comes
to social security, in the lies that we're told mainstream
media right now, for the most part, is a joke.
It's a joke. I watch certain people now that they
(01:32):
try to create various different characters, and they've done that
with me. You know, I've done a ton of television Fox, Business, CNN, CNBC,
and they eventually get tired of me because I don't
follow their scripts. I don't follow their scripts and I
don't follow the direction that they want me to go in.
(01:54):
And then they get tired of me, and they'll call
me back and Okay, They'll have me on for a while,
and then I'm like, no, no, no, I'm not playing
your game. I'm not playing nonsense. You're not going to
box me in. There's one kid out there, he's uh,
he's on. It's not doing a lot of he's putting
him out. There's this big conservative, this guy with Fish
Bank or something like that.
Speaker 2 (02:14):
Yeah, he just had his ETF shutdown.
Speaker 3 (02:17):
They were kind of putting him out there as this
big conservative investor out there.
Speaker 2 (02:21):
He had this ETF, he had maybe twenty.
Speaker 3 (02:24):
Thirty million dollars and it was tiny, but he he
making a name for himself because he'd go on the
program and he'd go off on the super Maga Rants Member.
It was talking about the whole Federal Reserve with the
page and getting thrown off, and I was just going
off and I'm like, do you realize that none of
the stuff is really that important? Again, they they'd ask
me to talk about those things. I'm like, no, now,
(02:46):
it's stupid, stupid, I'm not wasting my time with this.
Speaker 2 (02:50):
Well, he was on this past week, and this is
part of the thing.
Speaker 3 (02:53):
He was going off on a rant talking about social
security and medicare and how everyone is entitled to it.
It's not right and paid into this their entire lives.
And the kid doesn't know what he doesn't No, first
and foremost, and this might be a newsflash, might not
like to hear this, but you are not entitled to
social security. You're not not titled to social security, not
(03:15):
titled medicare. There's been two Supreme Court decisions, okay, and
both Supreme Court decisions say that it can be canceled
at any point in time. This is why, because of this,
Because of this, this is why the government doesn't count
social security and medicare as liabilities on their books. Because
(03:36):
if you were entitled to them, if it was truly
an entitlement, if it was your money, if you had
that money there, then guess what then they would have
to count it on their books, and then our thirty
eight trillion dollars in debt would look something like I
don't know, seventy five eighty trillion dollars in debt if
not even larger. So no, no, it can be canceled tomorrow. Okay,
(04:02):
And you wouldn't be entitled to a damn thing. You
have no claim another thing. Okay. The entire design from
the get go has always been a Ponzi scheme. I
mentioned this earlier. Okay, Life expectancy in nineteen thirty five
was sixty one years old. Sixty one. You started getting
(04:26):
Social Security at sixty five. Now, as our birth rates
are declining and as people are living longer, guess what.
The numbers don't work. They haven't worked for some time,
and no one has done a damn thing about it.
Got it, got it? I don't care how many Bernie
(04:49):
Sanders types people out there protect Social Security types out there.
Speaker 2 (04:53):
You're protecting a Ponzi scheme.
Speaker 3 (04:55):
It's basically coming out and saying, let's protect Bernie made
off you got it? Real reform George W. Bush against
be honest George W. Bush. It would have been actually
a good thing. That he could have accomplished during his
presidency would have been to get Social Security reform across
the finish line. He had a good plan there, but
(05:15):
he was too busy, too busy blowing up Iraq lost
all political capital. Anyway, moving on, got to talk about
going to drop some health care truth bombs.
Speaker 2 (05:33):
Right now.
Speaker 3 (05:35):
Right now, Republicans have a tremendous opportunity to accomplish something great,
to truly accomplish something great and get the country on
much more solid footing. And that is blow up Obamacare.
(05:57):
Blow up Obamacare, get rid of it. In amazing the
things that they call these various different things. The Obamacare
is the Affordable Care Act. Think about that name, the
Affordable Care Act. It's kind of like the Inflation Reduction Act.
You got to think about iin ran when shrowde Atlas
shrugged and the ridiculous names of government programs. Man, she
(06:20):
was on to something back then. I mean, think about
that for a second. The Affordable Care Act, Well again,
we can, we can go through this. And I don't
think Republicans are going to do a damn thing. Why
are Republicans not going to do a damn thing? Both
Republicans and Democrats get nice checks from insurance companies. What
(06:45):
was it? I think I saw this past week that
it was one hundred percent, one hundred percent of all politicians,
all senators excuse me, that are running for reelection, one
hundred percent are getting money from insurance companies getting checks
from insurance companies. And I think it was ninety seven
percent of members of the House are getting checks. Did
(07:10):
you understand what a disaster this is? We're at a
point time. This was an actual, this was a Wall
Street Journal article. Think about this. The average cost, the
average cost of a family health insurance plan is now
twenty seven thousand dollars and what is that with a
fifteen thousand dollars deductible. I mean, that's where we're at
(07:35):
at this point in time. And what was funny this
past week I was blown away by this is that
Democrats Democrats, because of the government shutdown, does they want
to they all got to have those it increased Obamacare
subsidies that they put in a place during COVID, they
(07:55):
put in a place during COVID. They put them in
place during COVID, and then they made them inspire this
year so they could make the books look a little
bit better. They want those things to come. And they're crying, Oh,
people are gonna lose their elemger that all to do.
Oh it's terrible. Bernie Sanders out there clh, my god,
is it terrible the people I care about. So this
(08:18):
past week, there's just a couple of these stories. I'm
gonna point out one of them. This was on CNBC.
This is on CNBC, and they try to put it
out there.
Speaker 2 (08:27):
It's, oh, no, this is terrible. What was me's story?
Speaker 3 (08:31):
And then you started seeing Democrats retweet this story out
and Americans actually like, what are you serious? So here's
the story, Okay, ACA enhanced subsidy laps could hit early
retiree his hardest AMID shutdown fight? What early retirees hardest
(08:53):
AMID shutdown fight? And there's a picture of a couple,
Bill and Shelley gall Yeah, they say they'd be rich
if it weren't for their medical bills. They were tired
in their fifties, tired in their fifties, so they couldn't
get Medicare, couldn't get Medicare, so they got an insurance
(09:17):
plan through the Affordable Care Act. So they have spent
about twenty thousand dollars on healthcare expenses and insurance premiums
in twenty twenty three and twenty twenty four. This is
due to chronic health issues and emergency eye surgeries. They're
on pace for twenty twenty five for a smaller fund,
(09:38):
a smaller fee this year. But next year. Ah no,
their costs are gonna grow. Yeah. Bill is sixty one,
Shelley is sixty They're gonna have to pay seventeen hundred
dollars a month in health insurance premiums if the enhanced
premium tax credits expire three d increase. They only pay
(10:02):
four hundred and forty two dollars premium. Oh no, it's
fifteen thousand dollars a year to their household medical costs. Hey,
you're sixty one, you're sixty Get a job. Yea, yeah, yeah, yeah,
get a job. Oh what's the matter, boomer? I'm sorry,
(10:23):
I'm tired as boomer. Nonsense. We are paying for subsidies
for early retirees. What so they can go on an
extra viking cruise over the course of a year. For
crying out loud, I'm tired as crap. Who in the
world do you think you are? How do you do this.
(10:44):
We're thirty eight trillion dollars in debt as a nation.
You're putting this on my kids' credit cards and you
have no problem with that. You feel like you're entitled
to that. Get a job and then more of these
stories out there. Oh yeah, I'm still a member of
(11:06):
the Carpenter's Union. I'm fifty eight years old. But you
know these insurance premiums are gonna go up if you
know they enhanced premiums go away? Are you kidding me?
I'm gonna feel sorry for you. Pick up a hammer,
bub go, get a job at Walmart. I don't care.
Why should I have to pay for your insurance because
(11:26):
you want to retire early. It blows my mind how
people think. I don't even know. How do you do this?
Explain it to me? How is that okay? Tired in
their fifties and then they're getting subsidized Obamacare insurance? Are
you nuts? I run a business. You know what it
(11:48):
costs me for my employees. My health insurance costs have skyrocketed.
Speaker 2 (11:59):
Yeah, there all we go, well, Bernie Sanders and where they're.
Speaker 3 (12:01):
Oh, we're all going to cabos. The fifteen million people
out there that we're not going to have their health
insurance anymore. No, no, no, you don't give a damn
about those people. You give a damn about the insurance
companies that are not going to get their tax dollars.
There's those enhanced subsidies, because that's where the money is going.
Speaker 2 (12:20):
For crying out loud, you know. And it is this
funny thing.
Speaker 3 (12:24):
I mentioned this before because everyone you know talks about
Warren Buffett, they always present him as you know this
folksye oh, you know. He has Cherry Cokes and he
likes Terrry Queen and he goes to he's living in
the same house that he's been in there for years.
And I've told you here on the program. He's a
very smart investor, but he's a shark man. He's a shark.
(12:48):
He a major investor in United Healthcare. He understands, he
understands government. He understands that guess what, United health Care
is just going to keep getting government checks and most
of their money comes from tax dollars. Why do you
think he invested in that thing? He talked, he talked
about it, took about regulatory capture and how it works,
(13:13):
and that's it's just a beginning. You want to look
at how bad it is for doctors out there. You
want to talk about of the biggest scams going you understand,
and again, this is a societal thing here in the
United States. We're always told that, oh my god, it's
a nonprofit, like it's got some sort of halo around it.
Are you out of your mind? Nonprofit? Why don't you
(13:36):
take a look at that patch on a New York
Yankees uniform. Okay, it's a hospital patch. They paid fifteen
million dollars to put that patch on the Yankee uniform.
And that hospital most certainly has got a luxury suite
there at Yankee Stadium for all their administrators. For crying
out loud. Nonprofit, Yeah, just like colleges and universities. Nonprofit. Nonprofit,
(14:00):
my buttocks for crying out loud. Oh yeah, the guy's
running the hospital making twelve million dollars a year. Non profit.
That's a joke. You know. The difference is is that
independent doctors and physicians one that are that are not
nonprofit because they're evil, because they're about profits. They've got
to pay taxes, they gotta sign personal guarantees, they gotta
(14:21):
put up curl collateral and at all, you're not nonprofit,
like it's some sort of accusation. Nonprofit health systems pay
no taxes, they collect subsidies, they usue tax exempt bonds.
Then they use that money to buy doctors. Okay, this
is what we call wealth transfer disguised as morality. Okay,
(14:45):
oh yeah, it's community service. It's not community services. It's
a racket man to wracket in the same way colleges
and universities racket hedge funds with non profit status. Do
you realize that all are nation's big hospitals are non profits.
It's a great intellectual I was writer and talks about
(15:08):
covers healthcare that I follow and read his stuff. His
name is Dutch Rojas and he he's talking to us
his last week I was in Houston. I was in
a non profit health system, had valet parking a sushi bar,
and he said it had more marble than the Vatican.
Speaker 2 (15:27):
For crying out loud.
Speaker 3 (15:29):
Some are starting to get it, some but not enough,
not enough, because again, let's let's be honest here. To
be honest here, Like I said, these politicians they have
a yeah they have a quota. Yeah you know that
they have a sales quota. Yeah, your your your friendly
neighborhood representative and senator. They have a sales quota. They
(15:51):
have a amount of money that they have to raise.
And again, it's a hell of a lot easier to
raise money by collecting those big dollars that low lying
fruit and insurance companies being one of them, right, Marjorie
Taylor Green.
Speaker 2 (16:07):
Actually, she's starting to get it.
Speaker 3 (16:10):
She's starting to get it. And again, I'm pretty sure
that Trump was going to get tired of her fairly
quickly because she's starting to think for herself when it
comes to issues here in this country. We're going to
take quick break right here. I'm going to get into
what she had to say when we get back Watchdog
on Wall Street Talk. I'm Watchdog on Wallstreet dot com again.
Is our site. Become a part of the Watchdog on
(16:32):
Wall Street family, our personal CFO program, our podcast, newsletter,
all sorts of great stuff. Watchdog on Wall Street dot com.
Give us a call. Eight hundred and four eighty four.
Speaker 1 (16:56):
The only man who is taking on the Wall Street
is Eblishment. You're listening to the Watchdog on Wall Street
with Chris Markowski.
Speaker 3 (17:11):
Again. I remember that the memory of this video from
from back in the day, and I'm quickly I think
MTV stopped all their music videos. I don't even know
they did them anymore, but I remember that video and
it was some of the Duran Durant videos way back
when you watched all these exotic places they were having
(17:33):
these videos and this this song in particular, beaches here
and there and everywhere. And I was like, you know, someday, someday,
but anyway, welcome back. Before we get into Marjorie Taylor
Green statement, this I got a kick out of. You
got New York, New York Senator Kristen Gillibrand, she.
Speaker 2 (17:52):
Puts out a tweet.
Speaker 4 (17:54):
Without key Affordable Care Act tax credits, a personal mate
person making sixty five thousand dollars a year in Tompkins County,
New York would pay close to ten thousand dollars a
year for health insurance.
Speaker 3 (18:09):
And that's the cheapest plan available. If Seder Republicans let
the tax credits expire, people won't be able to afford
health insurance. Period. Good Oh you're evil? No no, no,
good good, good good night. Let it go away. People,
Do you understand? Do you understand? What do you think
(18:31):
is going to This is not about people. This is
about keeping the insurance companies in business. I'm going to
present this to you again. Okay, why do we need
insurance companies? What the what the hell those insurance have
(18:52):
to do with health care? Seriously, seriously, you go to
a doctor, right, do you know what the bill is
going to do? Is there any menu there telling me
what the price is going to be? Again again I
said this last week. Use your imagination, Just use your imagination.
(19:14):
Imagine Okay again I hate that song by John Lennon.
By the way, Okay, I rewrite the entire thing, but
I throw this line in there. Imagine there are no
insurance companies. Well, you know what do you think? Doctor's
not going to show up to work next day? Hospitals
going to shut down, New New, No, No.
Speaker 2 (19:36):
What we would have is competition in the system.
Speaker 3 (19:41):
And they would have to price their various different products
and services based upon what people can.
Speaker 2 (19:47):
Afford to pay.
Speaker 3 (19:50):
Like everything else, right, everybody, based upon what people can
afford to pay. No insurance company out there. Think about
all the layers of middlemen and crap that your insurance
dollars go through. How many hands are touching your dollars
(20:12):
taking their vig along the way. This is like again
Don Finucci, godfather to except a thousand times worse. How
many people are wedding their beak on your insurance dollars
along the way. What if they weren't, do you wi is,
maybe your doctors might actually get a little bit of money. Reality, people,
(20:33):
Reality think about A contemplate reflects, we got more when
we come back. Watchdog on Ballstreet dot com We'll be back.
Speaker 1 (20:58):
You should believe it not magic. You're listening to the
watch Dog on Wall Street with Chris Markowski.
Speaker 3 (21:06):
Yeah. Representative Marjorie Taylor Green And I again, I had
issues with her. I did some of the the comments
that she'd put out in the past, uh over the
top for me, and I thought, we're just not that helpful.
She's figuring things out right now. God bless her she
(21:29):
And again I'm you're actually seeing it in her tweets.
She's like learning the light and she's figuring it out.
That the racket, how bad it is. And I just
I hope she has to be honest. I pray for
I hope she has I hope she has excellent security.
I'm sorry, I hope she has excellent security. You know,
(21:51):
Trump has held his fire with her.
Speaker 2 (21:53):
He has.
Speaker 3 (21:55):
I don't know how long that's gonna last. This is
what she put out more of my Republican and colleagues
are finally talking about the unaffordable health insurance crisis. But
yesterday on our GOP conference call, Speaker Johnson said he
has ideas and pages of policy, but he did not
say a single policy plan. I think that is unacceptable.
(22:15):
All right, Marjorie, I'll fire some outright here. I can
fix it a week. Oh yeah, yeah. You want to
have health insurance. Sure, Sure, you get rid of all
the nonsensical mandates. You allow for catastrophic health insurance, You
allow for insurance to be sold across state lines. As
many policies out there, let them compete against one another.
(22:38):
It's simple things you could do, simple things you could
do to fix the problem. That's just some anyway, I'll
go on, well, she will go on. Democrats created this
nightmare fifteen years ago, then made it worse than twenty
twenty one by extending the ACA tax credits that are
now expiring. And I find it unacceptable that Republicans are
(23:00):
sitting on the sidelines doing nothing to fix this healthcare
disaster that is leading many Americans into financial ruin. Yeah, Marjorie,
they're not gonna do anything because they get checks from
these people. I want anybody think about it. Okay, the
definition of insanity, stupidity, whatever, is doing the same thing
(23:23):
over and over again and expecting a different result. You're
gonna throw more money at this ACA, Obamacare Affordable Care Act.
It's just going to make the problem worse. It's like, hey,
you know, we know we got a fire here, and
we tried to put the fire out by pouring gasoline
on it. You know it did work. Let's throw some
(23:44):
more gasoline on it. That's how stupid they are. Well, no,
they're not stupid. They're smart. They're collecting their checks. America
gave us the House and Senate majority and entrusted us
to legislatively deliver the agenda they voted for, and along
with that comes the reponsibility to help Americans America first. Remember,
I don't know, Marjorie. I think we're more. I think
(24:07):
that's kind of gone by the wayside.
Speaker 2 (24:09):
I think we're more.
Speaker 3 (24:09):
You know, Argentina first, Israel for America first. I don't
see that, Marjorie, I really don't. But anyway, that's just
me not leave Americans wondering if or when Congress will
finally fix the healthcare industry. Why they look ahead to
not knowing if they will even be able to afford
health insurance. Democrats are complaining day in day out about
(24:32):
the coming massive insurance hikes because of the expiring tax
credits that they put in place, as the healthcare exchange
rates go back to the original Obamacare system Democrats put
in place. By doing so, they're admitting they screwed the
whole health insurance system up, and they are admitting original
Obamacare is now way too expensive.
Speaker 2 (24:52):
This is true.
Speaker 3 (24:53):
And the funny thing is is that Americans are seeing
it now. They're starting to understand now, which is again,
whenever you start giving free stuff away to Americans, it's
very very difficult for people to see through it. Okay,
they see it. Now, here is your opportunity take it anyway.
(25:17):
She goes on Republicans, it's time to build the off
ramp of Obamacare in a responsible way, deregulate healthcare and
pharmaceuticals and demand price transparency across the board, and incentivize
the market in such a way to open up competition
which will drive down cost. Pick up your bat and
(25:38):
ball and get in the game. As representatives, it's our
responsibility to lead and work for our districts.
Speaker 2 (25:44):
Our districts voted for us. Our districts sent us to Congress.
Speaker 3 (25:47):
No one else, no one or any lobby deserves our
loyalty and support.
Speaker 2 (25:53):
Only our districts. Wow again, she's got it right.
Speaker 3 (26:00):
She actually I must, she must have her little Ron
Paul pocket constitution, and she understands how the country is
supposed to work. If you are a member of Congress,
you represent your center. You're supposed to represent your constituents.
You're not supposed to be a rubber stamp for the
president of the United States? Am I wrong? Here?
Speaker 2 (26:23):
Now again?
Speaker 3 (26:25):
Massive opportunity right in front of us, right now to
make the country better. Put America first, get rid of Obamacare,
bring competition back into our system, lower costs for all Americans,
and put healthcare administrators and bureaucrats working in the insurance
(26:47):
industry out of business. Tell them to go get a
real job. Yeah yeah, yeah, let's let's put the power
back in doctors again. Could be me calling me crazy. Okay,
I don't want to have to get on the phone
with some some child okay, some child in Nebraska somewhere
or in I don't know, uh India, telling them that,
(27:10):
you know, my kid needs an MRI because the orthopedic
surgeon ordered it and you rejected it. You know what
that for lack of a better phrase, pisses me to
hell off and most Americans as well. That's Obamacare. You
guys can't get rid of that, yo.
Speaker 4 (27:27):
Really?
Speaker 3 (27:28):
Oh you got to continue to get your checks from
the insurance industry. Shame on you.
Speaker 2 (27:35):
Watchdog and Wallstreet dot Com.
Speaker 3 (27:36):
Watchdogawallstreet dot com a little fire up today. As you
can tell, watch Dogwallstreet dot Com, we'll be back.
Speaker 1 (28:00):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (28:12):
Oh ready, soul man.
Speaker 2 (28:19):
You know what I'm not. I'm not a get bought man.
Speaker 3 (28:23):
Oh yeah, yeah, you know, easy to be the pad
profits here profits what Watchdog on Wall Street show. We
haven't taken an advertisement ever ever. And I'm just.
Speaker 2 (28:39):
There's a bit of a note to.
Speaker 3 (28:41):
You, okay, any ads, Ryn, I have nothing to do
with okay nothing. I don't see a dime. Same thing
with the podcast now podcast YouTube, they put ads up
on the I don't. I don't know where the am.
I don't see a dime. I have nothing to do
with it. Okay, just so you know, okay, I'm not
unless you hear my voice. Listen, you hear my voice
(29:02):
on an endorsement. I'm not endorsment crap. Just so you know,
could though, because it's it's the money maker nowadays. You know,
if I was to be a mega, a MAGA influencer,
oh yeah, I get paid by the tweet, or I
can be a donkey influencer, and I could get paid
(29:23):
by the tweet. Pushing the gender push stuff here on
the program. Never ever, ever, Okay, not happened. I'm telling
you right now. I Sally. We're talking about that with
someone this past week, talking about the problems with social
media and these influencers. I can't stand them. I can't say,
(29:45):
you don't know who's a bot, who's real, who's not? Really?
What I think they should do because you have to
do that. If if if let's say Fox News or
New York Times or whatever, they were having to put
something on their pages or on their website and it
was an advertisement, but it looked like a story.
Speaker 2 (30:03):
They'd have to at least put in fine print.
Speaker 3 (30:05):
You know, this is paid for a sponsored sponsored article,
paid for article. They should be a law when it
comes to social media. If you are getting paid to
endorse something or paid for a post, you should have
to disclose that or get fined. And the person that's
paying you should have to get fined because then you know,
(30:26):
then you know that someone is getting paid to say something,
to push an idea. Problem solved. See that, See how
we fix problems here on the program lickety split. Anyway,
we got a couple of good guys, a couple of
good guys that Trumpster doesn't like, Ran Paul and Thomas Massey. Actually,
(30:50):
Trump has got his big bad billionaires, his big bad
billionaires going after Thomas Massey in Kentucky. Oh you want
who these billionaires are? Oh yeah, buddies with Trump. New
York billionaire Paul Singer. Yeah, who has donated millions to
transactivism groups, who has bankrolled prohibortion, pro abortion democrats. Hey's
buddies with sorrows to promote open borders, all sorts of stuff.
(31:13):
He's one. Oh yeah, you got John Paulson, who's on
the Epstein Blacklist, and of course Miriam Adelson. Okay, another
lefty watchdog on wallstreet dot com. More when we get back,
we can live.
Speaker 1 (31:35):
Five. Chris Markowski is the watchdog of Wall Street, taking
(32:00):
Wall Streets liars, crooks, and sheets out behind the woodshed.
You're listening to the watch dog on Wall Streets.
Speaker 2 (32:12):
Welcome back. I'm gonna read you something again.
Speaker 3 (32:17):
I don't win when it comes to politics to people
that I endorse and believe in. And going back to
Ron Paul, Rand Paul's father, can you go back?
Speaker 5 (32:29):
It's why you go back and watch the debates with
him and Obama and Mitt Romney and Ron Paul, and
he cleaned their clocks, and you go back. He was
right on everything that he called for, crying out loud
again and again and again. But anyway, I have to
carry around with me my little Ron Paul pocket constitution.
Speaker 3 (32:49):
Anyway, this is something put out. Government cannot protect our
freedom by taking away our freedom. It cannot shield us
from harm, real or imagined by censoring the truth and
ripping away our privacy. The government cannot battle communists by
acting just like communists. It cannot protect us from corporate fraud.
(33:12):
By mandating the use of their fraudulent products. The government
is supposed to follow the law, which is the US Constitution,
not ignore it and give lip service only when politically convenient.
The Bill of Rights is not a joke. Those rights
precede the government and are not granted by them. The
(33:33):
primary job of every good citizen is make sure that
those God given rights remain uninhibited. And you talk about
the billionaires that Donald Trump has sicked on Thomas Massey,
and he's again gonna sick them on Ran Paul as well.
The guy that's running against Thomas Massey, this Ed Gallerin
(33:54):
in Kentucky. He came home to Kentucky where my family
is farmed for five general and he says, this is
Trump country. But Thomas Massey is blocking the president's agenda.
I'll stand shoulder and shoulder with Trump and deliver for.
Speaker 2 (34:09):
Kentucky Trump Country.
Speaker 3 (34:14):
What then, you represent the citizens of your district in Kentucky,
and you might want to pick up a constitution. We're
supposed to have these separation of powers. What the hell
do we need Congress for If you're just gonna rubber
stamp everything the president does. What is your point if
(34:37):
that's your point that all the left wingers with their
No King rally last weekend, We're right, what do we
need you for? If you're Trump comber or whatever Trump says,
whatever Trump says I'm gonna do, or you would train monkey. Huh.
I don't know. I don't know where these people come from.
(34:58):
I really don't. Again, they obviously don't understand how the
country is supposed to be run. But anyway, I got
to talk about this again too, and I'm sorry. You know, listen,
I give credit to the Trump administration when credit is due,
and I have here on the program. But these tariffs
(35:18):
have got to go. They have got a go. Small
businesses are being crushed all over the country, and I
get the stories, I get the emails what's going on,
and how hurt people are having to go into debt
just to keep their businesses afloat because all of a
sudden they're getting a bill for products that they're having
(35:43):
shipped in here to the country, and many of them,
I mean, I get questions. I'm like, don't do it.
I mean, I listen, you have to make your business work,
and the numbers don't work anymore based upon these tariffs
and again, when someone's arts of business. When someone starts,
it's their baby, and they don't want to they don't
(36:05):
want to shut it down, they don't want to declare
bankruptcy and have to shut it down. Just you can't
go further into a hole with this. Yeah, people, right now,
there's a gentleman. Gentleman here, he's got a shoe wear
footwear company. He sells through Macy's and Nordstrooms and DSW.
(36:26):
He had to take out a two hundred and fifty
thousand dollars loan to pay his tariff bill. Two hundred
and fifty thousand dollar loan used to be seventy five
hundred dollars for a similar size container. New tariffs two
hundred and fifty thousand dollars. He's got to make weekly payments.
He's got a thirty two percent interest rate. I'm like, dude,
(36:47):
you're not going to make money. How it doesn't make
any sense. Again, the cost of companies this year one
point two trillion dollars. If you think China is paying
for it, India's payment, they're paying a part of it.
(37:07):
The companies that they're paying a part of it, But
we're paying too. Businesses here are paying again. I saw
this this past week. I wanted to pull my hair out.
I did. Scott Bessett was being asked about tariffs and
tariffs being a tax, and he said, well, well, you
pay a fee to get a driver's license. Is that
(37:28):
a tax? Yes, Scott, it is. You might call it
a fee, but it's a tax. Scott. Let me ask
you question, Scott, which weighs more a pound of lead
or a pound of feathers? They're both a pound. Okay,
the money's still coming out of my pocket. It's still
(37:50):
going to you the government. What is it? Then it's
a tax. You're whacking people upside the head. And I
don't know what's gonna happen. I don't know what's gonna
happen with the Supreme Court. I don't know how they're
going to rule on this. But it's not only that,
it's the concept as well, is that, you know, people,
(38:13):
let's just be honest.
Speaker 2 (38:14):
We can't do we can't be the best at everything
here in this country.
Speaker 3 (38:18):
It was a great story that was put out great
uh Peace in regards to tariffs making us pay more
for worse products. Do you honestly think that we're gonna
be able to grow enough coffee here in the country.
Do you think that we have the proper climate and
soil for coffee to compare to Columbia and other places. No, No,
(38:41):
there's nothing wrong with buying things, honest. Do you honestly
think that we're gonna start making shoes as good as
the Italians make shoes? Are you out of your mind?
Not going to happen? Trade is good, Okay, tariff's bad. Anyway,
(39:02):
gotta go, God bless everyone will see us same time,
say place next week. Oh, by the way, again, get
to our website, Watchdog on Wallstreet dot com or personal
CFO program podcast. We'll see it.
Speaker 1 (39:18):
You're listening to the Watchdog on Wall Streets
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