Episode Transcript
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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 will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
No Taxation Without Representation twenty twenty five edition. I brought
this up on the podcast. I don't know a year
or two ago. I can't remember exactly, but it's back.
I forgot about it quite frankly. I thought it actually
(00:36):
it went away, especially with Donald Trump in office. The
International Maritime Organization i am O, a United Nations body
based in London. They're looking. They've got a meeting this
week and they want to secure final approval for it's
(01:00):
quote net zero framework for shipping. What this will do
is it will impose charges per metric ton of carbon
dioxide that ships emit above certain limits. The tax would
be one hundred or three hundred and eighty dollars per
metric ton, depending on various factors. That could translate to
(01:23):
an annual tax take of ten billion to twelve billion dollars.
This is right. The United Nations is going to tax
all of us. They're going to tax the globe United Nations. Anyway,
(01:44):
the Trump administration, they actually threatened, and good for them,
but quite frankly, I think his threat doesn't go far enough.
You know, Donald likes coming out and issuing his cooking
oil threats and tariffs, all this stuff. I'm president of
the United States right now, I'm coming out to a
(02:05):
podium or putting out a tweet that if this, uh,
this international Maritime Organization goes through with this tax, the
United States is going to leave the United Nations period
the end, and I'd follow.
Speaker 1 (02:19):
Through with it like this.
Speaker 2 (02:21):
Okay, no taco, no taco. We are going to leave,
and you can take your damn United Nations. You can
move it right the hell out of New York. We'll
give you a year again. This is I wanted this
a long time ago. You moved the bloody thing to Sudan. Okay,
move it to darfour, move it to move it to
(02:43):
Port of Prince Haiti for crying out loud, get it
out of New York. Trump is threatening to slap sanctions
on any country that votes in favor of imposing this tax. Again.
Why this is going to raise costs not just not
just us here in the United States, but everyone. It's
(03:04):
going to increase global shipping costs by as much as
ten percent. Again, there is a little bit of irony.
Wall Street journal pointed this out today that you know,
Trump's worried about the price of imports, especially when he's
terriffing anybody. But anyway, neither here nor there. Okay, an,
(03:30):
this is this is political. It's economic, but it's political
if you do recall the United Nation has tried in
the past to put together various different emissions carbon schemes, whatever.
Speaker 1 (03:44):
It may be.
Speaker 2 (03:45):
They wanted to do it for aviation. This is the
United Nations claiming that they have the ability to levy
attacks on the entire globe. That's going to be paid
to a un controlled fund, this zero fund. Again, it's
(04:11):
gonna be managed by agency staff. They say it would
support innovation in green shipping and record low emissions and
reward low emissions ships. What a bunch of bullshit. Okay, sorry, okay,
it is You know this and I know this. This
is just another slush fund that's gonna go and they're
(04:31):
going to pay off different people and manage most of
it will end up in some Swiss bank account somewhere. Again,
this is one of the the un is one of
the greatest wastes of money. I'm one of the top
things that we do. I mean it's hard to it's
hard to rank them in terms of wasted tax dollars.
And I reminder, the greatest they said, they said the
(04:53):
greatest largest financial scam at all time was the un
run Iraq oil for food scam with uh what was
actually led by the Kolfie and Ann's Sun the Iraq
oil for food scam. Again, why this thing even does?
Speaker 1 (05:15):
What?
Speaker 2 (05:16):
What exactly do you do? I mean, yeah, you snarl
traffic in New York City when you have a general assembly?
Uh once, what exactly.
Speaker 1 (05:24):
Do you do?
Speaker 2 (05:24):
Nothing? Nothing, Yet we continue to fund this nonsense. Again,
I'm calling on the President, calling President to say, hey,
we don't you know, we don't do that here in
the United States. We're not going to have the United
Nations tax American since just just not going to happen.
(05:44):
You want to follow through with this, you can move
your crappy ass United Nations out of the country because
you know what, we're out. See how see how fast?
See how fast they do it? One watch Dog and
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