Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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):
There are two two kind of two options at this
point in time. If you are anti doge, if you're
one of the people out there that are against what
Elon Musk is doing, Donald Trump is doing to root
out fraud and waste, it's one or two things. Okay,
(00:36):
Either you're an ignoramus. You are an ignorant fool. And again,
in my opinion, in today's day and age, with everybody
walking around with these magical devices in our pockets where
we're actually able to go out and learn about things,
there's no excuse anymore for being an ignorant fool. You
(01:01):
have no excuse you don't do a little homework. You're
either an ignoramus or a complicit liar. It's either one
or the other. Now complicit again, you might not you
might not be getting any US AID money, but you're
(01:23):
involved with the left, you're involved in democratic politics. You
have a vested interest in your team winning in some way, shape,
matter of form, no matter how bad, how bad it
is for the country, if your team wins, so it's
one or the other, one or the other, you are
(01:45):
either an ignorant fool, an ignoramus, or a complicit liar. Anyway,
Federal spending booming despite what they're trying to accomplish. Outlays
rose fifteen percent in the first third of fiscal twenty
(02:10):
twenty five. Outlays in the first months rose three hundred
and seventeen billion dollars to two point four to three
trillion from September through January. That's again, no, no, nothing
to cut here, nothing nothing. I'm gonna go through just
(02:30):
a few, just a few of the many things that
have been discovered overnight. And again. I used to cover
stories like this from time to time. When Tom Coburn
put out his list, Ran Paul would put out his
there was the pork book put out. Stephen Moore used
(02:52):
to put these things out, but everybody kind of laughed
and brushed them off. Oh nothing can be done well,
something can be done well, as it turns out. You remember
the whole Nigerian prince scandal. Remember that I do. Many
people fail for that nonsense. But anyway, as it turns out,
the city of New York fell for it. Yeah. Meet
(03:14):
Nigerian Prince Ifiani Osai Nabuonu Idris. Last year, his company,
crib Procure, received one point four million from FEMA for
bottled water. Yeah, one point four million from FEMA for
bottled water for illegal immigrants in New York City. Now,
(03:38):
for some reason, this crib Procure is not certified or
registered to participate in the procurement process for New York City,
but that didn't stop him from getting the money anyway.
Oh yeah, the Pentagon. Pentagon, they can't pass an audit.
One of the biggest wasters of money that we know
(04:02):
they actually spent. I'm not making this up. A billion dollars,
A billion dollars to audit their twenty eighteen financials. Now,
who got that money, Who did the auditing, Who received
the billion dollars to go over the cooked Pentagon books?
(04:24):
Who what for again? A billion dollars to conduct an
audit again, trying to get your arms around what a
billion dollars is? I know because I managed money, Okay,
(04:47):
I know how much we manage Okay, yeah, maybe greater
than a billion, but hey, Okay, a billion dollars is
a lot of money to conduct an audit. Yeah. Information.
It was funny, was it's not even off? Doge? You
had the CEO of the real estate company that leases
to the federal government who was on with Brian Sullivan
(05:10):
on CNBC, and he said that government build costs, government
build costs are three times what they are in the
private sector. Ken, how does that work? Why is it
three times as much? Well, the person that assigned the
deal in the contract, it's not their money, it's your money,
(05:32):
it's my money. So they pay above what the market
rates are. They get taken care of to take care
of their buddies here and there, and there's kickbacks everywhere.
Do you understand how fricking crooked this country is? Do
under I mean the crap that goes on there. It
would make the mafia blush, I mean back in the day,
(05:55):
the mafia blush. That's how crooked it is. Oh, those
just terminated two point three million dollar contract for a
virtual reality training course that taught soldiers how to have
difficult conversations about DEI. Now again, you want to spend
(06:20):
two point three million dollars on teaching soldiers jiu jitsu
or on know weight equipment. I'm all for it. All good.
Two point three million dollars virtual reality training soldiers how
to have difficult conversations about DEI. Uh oh oh yeah yeah.
(06:45):
The Department of Agriculture terminated eighteen contracts for nine million
dollars plus. This is a Central American Gender Assessment Consultant Services,
Brazil Form and Gender Consultant Services, and the Women in
Forrest Carbon Initiative Mentorship program. Your money, my money? No,
(07:14):
did it actually go No? No, this went into people's pockets. Okay,
those complicit liars. Do you understand the amount of people
in this country that are living and this is not
people that are getting government assistance and welfare or anything
like that. Put that aside. These are the people that
(07:36):
are getting really rich off our tax dollars. It's these folks.
Oh yeah, oh. Do you know that the Department of Defense.
This is an unbelievable video. I didn't know it. Department
of Defense is actually providing school lunches. Yeah. As it
(07:57):
turns out, I don't know how whoever wrote this contract,
but they figured that the Department of Defense. Because I
got deals signed with General Mills and Nestley and all
of those food companies. Again throw that in there as well.
Did they lower costs? Did they make the food any better? No? No,
it just made the contract bigger, so the payoffs would
(08:18):
be a little bit better. On both sides. It's extraorin
because again you're you're seeing, you're seeing democrats lose their mind,
act like complete and utter fools. And then again there
are the people out there, the fools, the ignoramuses out
(08:39):
there that again, that's those are their gods, those are
their idols, those are who they worship. And again I
have a hard time. Again, you're supposed to have compassion
and you're supposed to feel sorry for people, But I have.
I have a hard time. I have, I really do.
(09:00):
I mean, you are not willing to do your homework
on this. There was an actual pastor, some doctor, liar
i'll call him right now, calls himself a pastor some
church in Chattanooga, Tennessee, basically claiming that Elon Musk is
going to be stealing people's social Security checks and called
(09:21):
for violence and said that Jesus calls for violence against
people like this. Now, I wonder how much money this
guy's getting on the take. I don't know how these
people live with themselves. But again, this is a whole
nother level of evil that exists in this world. Elon
(09:46):
and the throne it out there a billionaires taken over
Elon Musk. Elon Musk could quit today. He could quit today.
He could just say, you know what, I don't want
to do X, I don't want to do test. I
don't want to do anything, and not do another damn thing.
(10:11):
You know what. He could come up with an invention
that would make him to live to be ten thousand
years old and he wouldn't outlive his money. Why what
is his motivation? People throwing out there, Oh, his government contracts? What?
Because he's launching rockets into space that we can't do
(10:35):
anymore because NASA fudge the whole thing up because they're incompetent.
He's the best in the world at it. I gotta
get those astronauts out all. Let Musk do it. Gotta
launch those satellites have Musk, do you.
Speaker 3 (10:50):
Know that we were lying upon Russia to get astronauts
up to the space station prior to what Musk has
been able to do, and you're criticizing them for that.
Speaker 2 (11:02):
The hell is wrong with you people? I mean, honestly,
no do I I've gone off on all of the
subsidies that must Tesla got for all sorts of you know,
the the the electric vehicles and the carbon credits and
all of that crap. He makes fun of it too,
(11:26):
but everybody was getting.
Speaker 4 (11:27):
Them and was getting and playing that game that's going on.
Speaker 2 (11:33):
He called for the elimination. Eliminate them, eliminate all of
those write offs. I'd have no problem with any of that.
Do you know that this guy paid the highest tax
bill in history and it's not even close. It was
well over two billions the check that he had to
(11:56):
write the United States Treasury. And to watch these really again,
I don't you want to call it? Not very good
human beings? Self centered, self interested human beings. Well, I'm
(12:16):
you know, I'm sure they're looking out. They're not just
looking they're looking out for their people. They're looking out
for the people that live off of our dollars that
really don't contribute much. The entire eco system, that is
the deep state, that is government that we have been
railing against for decades here and trying our best to
(12:37):
alert people to hopefully that people wake up and tear down,
because again the full core press right now by the
left is is that you know, this is all this
is all legal, This is all terrible. Ah. The judges
are going to put a stop to this. Yeah, here
are some of these, Here are some of these complicit liars.
And she is, Amy Klohbacker is a complicit liar. She
(12:59):
goes on TV saying that cancer research is on the
chopping block because Trump is looking for money to give
tax breaks to billionaires and he's paying for it on
the backs of kids with cancer. She's not stupid, she
knows she's lying. She knows she's going on TV in line,
(13:22):
you piece of anyway, the actual new National Institute of
Health Guidance would actually believe it or not direct more
money to cancer research. What it does is it gets
rid of all the middlemen, all of the people like
Amy Klobaker and her buddies who don't do a damn thing,
(13:44):
needing to get their beaks again, Godfather, to watch it.
Watch it. But Don Finucci, the man in the white
suit going around little Italy shaking down all the Italian businesses,
was a piker compared to Amy Klobacker and these people
(14:06):
in Washington, d C. Don Finucci didn't create anything, didn't
build anything. He ran a racket for the black hands,
going round around shaking down businesses. And yes, that took place,
and it guess what, it still takes place when it
comes to government. It's up a much grander scale. It's
not a couple bucks from the grocer's you know, cash
(14:29):
register down on the Lower East Side. This is These
are massive dollar amounts that are funneled in these NIH grants. Basically,
what Trump has done is HITS capped the indirect costs
at fifteen percent. It was thirty percent in antsel bullshit costs.
(14:52):
So Clobacker and her cronies and her ILK can get
that money. So then you know you had yesterday. Chuck
Schumer doesn't know what the flip is going on. He's
freaking out right now. So what he he's does, Yes,
he starts. He starts a new portal for anyone. I'm
calling on our brave public servants. Shut brave public servants, please,
(15:20):
I'm launching a new portal for anyone who wants to
expose corruption, abuses of power, and threats to public safety
with the legal protections of being a whistleblowers who started
this website for whistleblowers. Okay, okay, abuses of power, corruption,
publisher trying to trying to catch up to Doge. Well,
guess what, his whole whistleblower reporting system backfired. Conservatives within
(15:46):
government are actively reporting all sorts of left wing crimes,
and magically his whistleblower reporting system crashed. You can't make
recrit up. You can't make it up if you wanted to.
I get to give a kudos to this kid again
(16:08):
Business Insider. Business Insider just put out this is just
a couple of minutes ago. Oh, we found out all
the names of the people working for Doge. They got
all of that in Business Insider again. Was the same
group tied in with Politico that got money your tax
dollars to keep them afloat. It's a you want to
(16:29):
even call it a business publication? Okay, it's not worthy.
It's not worthy of toilet paper. That's how bad it is.
One of their big writers there, what the hell is
his name? It'll come to me in a second. A
thrown out of the business throwing can't work on Wall
Street anymore. Henry Blodgett, Wow, came back to me, Henry Blodgett. Yeah,
(16:55):
he was the English major working for Merrill Lynch writing
all of these weiculous analyst reports to drive up dot
com stocks in the nineteen nineties, they had to throw
him out of the business. Again, he was just doing
what he's told now he works for business insiders like
he's some sort of legitimate journalist. So that's actually some
sort of legitimate business publication. It's a fake, it's a phony,
(17:17):
it's a joke. Well, one of the kids, and again
when they're done, I'm hiring. Okay, one of the other
young doge guys out there actually started this is genius
started a sub stack. Now again, people tell keep telling me,
(17:41):
I got to start a substack. I don't know enough
hours in the day. Anyway. It's basically a blog and
you can either choose to make it free or you
can choose to you know, pay for it. You have
people charge for it. I pay for you know, Michael Schellenberger,
my Tybee and certain journalists out there that are on substack.
It's a great forum. Well, this kid, he knew that
(18:04):
he was going to get found out, so he started
a substack, started a substack that charged one thousand dollars
a month to subscribe or ten thousand dollars a year.
There's nothing on it. There's nothing on it. The kid knew.
Speaker 4 (18:27):
The kid knew that the left wing journalists were going
to try to dig up dirt on him. They knew
and would pay to see if there was anything bad
on his substack. So yeah, all this money came in
from all these journalists looking to dig up dirt on
this kid, and there was nothing there.
Speaker 2 (18:45):
Freaking cool man. That was a great move anyway. Oh yes, yes,
And we're gonna start hearing more about this and what
is it about again? I'm sorry you left this government
workers judges out there, you and your your whole all
(19:07):
your families, any people able to actually go out and
get real jobs at any point in time. Judge John McConnell,
the federal judge from Rhode Island who ordered the Trump
administration and dozed to unfreese billions of dollars. As it
turns out, he's got a daughter who works for the
(19:30):
US Department of Education as a senior policy advisor. Was
appointed by Joe Biden in twenty twenty two. You see
how this works? Are you watching this? This my friends, right,
(19:50):
there is a conflict of interest for that judge since
they are going to defund the Department of Education. Judge
McConnell is a Democrat donor, he is an activist. He
wants his daughter to keep his job. Now again, do
(20:10):
you think maybe he should maybe should have recused himself
from this, knowing that his daughter's department was being defunded
by the order that he was ruling on. Probably, But
that's not how these complicit liars work. People harsh, I'm
(20:31):
just being honest you again, I'm offering up anybody out there, Hello, Hello, Hello,
Can anybody else give me another explanation for the pushback
against cutting nonsensical, wasteful government programs? Anybody at all? Again,
(20:55):
then again, one of two things. You are a ignoramus
fool and there's no excuse for that in today's day
and age. Or you're a complicit liar. Watchdog on Wall
Street dot Com