Trump Is WRONG About Chinese Students

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Trump just made a painful mistake when asked why 600,000 Chinese students should study in America — and it exposed a deeper truth about our broken university system.
In this episode:

• Why Trump was completely unprepared for Laura Ingraham’s question
• The real reason colleges are addicted to foreign tuition
• How the “college industrial complex” became a government-backed hedge fund
• Why killing it overnight would destroy small-town economies
• And how to actually fix higher education without tanking communities

This isn’t about China — it’s about corruption, debt, and delusion in America’s university cartel.

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):
Trump and the Chinese college students. I got a kick
out of this part of the interview. I really did,
because I talked about this very thing on the podcast,
and man, oh man did I I got some heat
from some of the listeners out there. You're allowing all
these Chinese people in and they're all going to be
a spying on us and all this stuff. We can't

(00:38):
allow this to happen. This is gonna be terrible. Okay,
take a couple of steps back, first and foremost, again,
Trump was woefully unprepared for this question. Woefully unprepared. And
again I basically can point to Susie Wilds and needs
to be fired. Okay, she needs to put a stop

(01:00):
so these rapid fire interviews all the time. He's not prepared,
he's not lor ingram asks. As you have said, six
hundred thousand Chinese students could come to the United States.
Why is that a pro MAGA position when so many
American kids want to go to school. Trump, we do

(01:21):
have a lot of people coming in from China. We
always have. We have a massive system of colleges and universities.
If we were to cut that in half, you would
have half the colleges in the United States go out
of business and ingram so what Trump, you would have

(01:41):
Historically black colleges and universities would be all out of business.
Now again, this is Trump being woefully unprepared. How many
Chinese students are going to Howard Again, he's just throwing
stuff out there because he doesn't know, which is something

(02:03):
you don't do, but he does all the time because
again he's used to having his peeps okay, his followers
and Maga types whatever he says. It's again it's Moses
coming down the mountain. Anyway, you don't want to cut
half of the students from all over the world that
are coming into our country and destroy our entire university

(02:24):
and college system. Maga was my idea. I know what
Maga wants better than anybody else. He actually he actually
said that. He actually said that. And the reality is
magus fuman over this the problem Okay, it's much deeper
than this. Okay, I understand Trump's position here, believe it

(02:49):
or not, I do. And somebody got his ear again,
You're president, a lot of things going on. Somebody got
his ear and said, hey, listen, this is going to
be an absolute disaster. It's gonna be an absolute disaster
for colleges and universities. Colleges are gonna get shut down.
You're gonna get blamed for it. People are gonna get
put out of work within that, these various different communities.

(03:10):
A point that I made here on the program. See
I you know I can handle this interview, no problem,
no problem, and I would be honest and I wouldn't
be taking his various different positions. But I get it now.
The issue is with our entire hedge fund university system
that we've been subsidizing. Going all the way back to LBJ,

(03:34):
we are one point, we have one point seven trillion
dollars in student loan debt here in this country. It's
greater than the credit card debt. Okay, first and foremost
that started the way way back machine LBJ. If I
was president, I would solely be dismantling this entire grift.
We've turned these schools into diploma Mills. It's gross all around.

(04:02):
It's gross that the bloody college football and basketball coaches
are the highest paid employees in the state. They get
fired and they're still walking away with fifty million dollar
pay packages. It's funny, and the funny it only works
that way for colleges and universities. I was donating money
trying to start up lacrosse programs. You tried to do that.

(04:24):
You know what happened to schools like no, no, no, no, no, no, no,
you can't do that. We'll give you a little bit
of money, but the money has to go through RUSS
and we decide where it goes. College football programs, No,
the donors do whatever the hell they want. They want
to buy a new coach, they're going to buy a
new coach. That Moody's not going to any scholarships from
kid who got some straight a's in math. So let's

(04:44):
take all a bullshit and put it aside. When it
comes to colleges and universities, they are businesses. They've been
so for some time, and yes it needs to get dismantled,
but it can't be done overnight. For all the people
out there saying so what like Laurie or so what
not all these college just go out of business. You
think that's the right idea. You think that that's gonna

(05:06):
be a great point. And it's not gonna be the
big school. It's gonna start with all these little, smaller
institutions around the country. Also, the point that's made that
so many American kids want to go to college not true.
Not at these prices, less and less kids are deciding
to go to college. Again, you had to have a

(05:30):
plan for this, and it's not a difficult thing to do.
You start going to some of these schools, you start saying, hey,
we're gonna start turning you to jobs, or tomorrow, we're
gonna start turning some of these smaller schools out there
into trade schools to keep you in business. We're gonna
cut off all the student loan nonsense. You're gonna have
to get rid of administrators. Don't destroy entire communities that

(05:52):
have built themselves, whether it be with restaurants and barber
shops and a myriad of other things that go into
that entire ecosystem. There are better ways of doing it. Yeah,
I've described this before. You know, you upset something in
the sense where you know, they're going a bathtub full
of water. You drop a cinder block in that bat,
you're gonna Warner's gonna go over to damn place. All

(06:15):
sorts of repercussions. And we've seen that already with some
of the schools that have gone under. We talked about
this here on the program. So you go to the
college and you were say, Okay, you know, I don't
know what the exact number is. They keep throwing around
six hundred thousand. Guess what next year, Next year, China,
it's gonna only be five hundred thousand, and you start

(06:36):
decreasing it over time and you let the schools adjust again.
That's how you answer the question in an intelligent manner, okay.
And he was going off and talking. You know, Laura
talked about, well, while these are not French kids, and
French where we got more problems with France. They've been

(06:58):
ripping us off with this that thing. He sounded like
an idiot, he really did. He soundly had no idea
what in God's creation. He was talking about like some
kid you know that's doing a You remember this back
back when you were in school. He had some kid
that's not prepared for their oral exam or oral project

(07:21):
that they got to do in front of the class,
and they get up there and he just watched the
BS flow. Well that's what this was. He wasn't prepared
for this. But man, the guy's got such a bloody
big ego. He can't resist. He can't resist. He gotta

(07:42):
be in front of the camera. I get a phone
call from some radio show or television show and they
want to ask me the nuances of some sort of
tax law. Okay, they want me on in the next hour,
some tax law, and I don't have any idea. I'm like, no, no, yeah.

(08:04):
My people are like, oh, it's you, Chris. A lot
of people watching the show. I don't know what I'm
talking about. When it comes to this, I'm not gonna
go on and do this. Nobody knows everything. But if
these are your policies and the things that you're putting forward,
you know what, maybe take a break, take a break
from the damn truth social take a breath, break from

(08:25):
all of the interviews that you do. But he can't
do it, can't help himself. He's like an addict. There's
a good explanation for this. I understand the point but again,
what is what is the follow through? Okay, yeah, right now,
we don't want to we don't want to destroy communities
around the country. What we're gonna do. We're gonna slowly
but surely bring that number down over time, and we're

(08:49):
gonna allow these colleges and universities to adjust. We're gonna
look to start changing the curriculum that some of these
schools offer so we can bring more American kids into school.
Because you're gonna push back on all these points. But
he doesn't know, did I know? Watchdog on Wall Street

(09:09):
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