November 15, 2025 • 42 mins
Chris Murkowski discusses the importance of financial freedom and accountability in leadership. He introduces the Greek concept of 'philotimo' as a guiding principle in his life and work. The conversation reflects on personal responsibility, the role of wisdom in financial decisions, and critiques the current political landscape. Murkowski also addresses the implications of the Epstein files, the significance of Warren Buffett's investment philosophy, and the risks associated with private equity and zombie companies.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Well, no one authored investment banker, consumer advocate, analyst, trader
Chris Markowski is.
Speaker 2 (00:14):
The watchdog 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 2 (00:27):
You can't handled the true.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 3 (00:34):
Ladies and gentlemen. We're on here to indulge in fantasy,
but in political and economic reality.
Speaker 2 (00:39):
This is the watchdog on Wall Streets.
Speaker 4 (00:44):
All right, welcome everybody. I am. Yeah, I'm pretty fired
off today.
Speaker 3 (00:51):
Quite the week we had, without a doubt, I'm going
to start off today. My longtime listeners are familiar with
the word. I've talked about this word here on the program.
I love this word. This is a word that has
no English translation. There's no English translation for this word.
(01:16):
It is a Greek word. The word is phil. It
can be described as in many ways, love of honor,
sense of honor.
Speaker 4 (01:31):
But it's more than that.
Speaker 3 (01:34):
It's a concept that you really you can't it's not
possible to actually really translate it because it encompasses so
many things, so many virtues, pride, pride in one's actions,
(01:55):
pride in one's people, one's community, this feeling that you have,
that you have this attachment, this strong sense of duty
to do what is right and honorable at all times.
It's not about taking shortcuts. It's it's a pretty amazing word.
(02:21):
And again there is no definition for there's no translation
in English. There's no other word like it that I
know of, and I've talked about it before here on
the program. And I try to live my life, try
(02:42):
to live my life. I try to do this this
show with that in mind. Always, always the amount of
prep I do for every single podcast, every single show.
We take no short cuts here on the program. I
don't have any writers, none. You don't Limbaugh had writers.
(03:07):
I had no writers, no producers, nothing. And it's always
been this way, always been this way. It has to
be done right. I have to be fighting for you,
I have to be fighting for my listeners, have to
be fighting for my clients. We have to be doing
the right thing. We do not take any shortcuts here.
(03:30):
And I watched the news this week, and obviously we're
going to talk about the shutdown. Can also talk about
the Epstein files and the nonsense, the complete and utter
bowl excrement that is being thrown at us all the time,
(03:51):
and it really made me sad. I'm gonna be honest
with you, I was Wednesday evening. I forget that feeling.
I just would. I felt thoroughly defeated, thoroughly defeated as
a man. Okay, men are men are wired. Okay, we're
(04:13):
wired as it's instinctual to provide and to protect.
Speaker 4 (04:20):
That that's instinctual. I mean, I go into a restaurant.
Speaker 3 (04:23):
I go into a restaurant, and again, my back is, uh,
my back is, you know, I'm facing the wall. I'm
always looking for an exit, just in case something goes down.
It's just our nature is to provide and protect. And
for years here I said, I've got three children, and
when you have kids, younger people out there, again, it's
a complete different light switch goes off in you in
(04:46):
a different way. And I've said this for years here
on the program. You know, I want my kids to
grow up in a world where they can succeed beyond
their wildest dreams and fail. Nothing wrong with failure, nothing wrong.
And I try very very hard, very very hard, you know,
to push people to educate people here on the program
(05:09):
and listen. You know again, we man's gotta man's gotta
know his limitations myself included, it's not up to me.
Speaker 4 (05:17):
I can try to do the best I can. It's
it's up to God.
Speaker 3 (05:20):
But it is frustrating, frustrating and doing this show for
twenty five years before doing guests, but doing for over
thirty years, trying to push the truth, trying to get,
you know, to the bottom of things, point people in
the right direction, all of this stuff.
Speaker 4 (05:38):
And this is what we get.
Speaker 3 (05:41):
I talked about, you know, another Greek story we've talked about,
the story Sisyphus pushing the rock up to the top
of the hill, having it roll down on you again
and again and again. I felt defeated, and you know,
this time I felt that bad, I said, I was
thinking about it. I said my junior year in high school,
(06:03):
when we were supposed to go on and do really
well in the States and lacrosse, and we blew it
in the sectionals.
Speaker 4 (06:10):
We were just exhausted.
Speaker 3 (06:11):
They made us play two games two days in a row,
and we played the toughest team the day before, beat them,
and then we had to play a team that we'd
already beaten twice killed over the course of the season.
We just came out flat and we lost. It was
kind of like that. It was that type of an
empty feeling. But I got myself up, as I do
(06:34):
every day three o'clock in the morning. My wife's I
don't have to get up at three o'clock in the morning.
You can sleep mint, let's get up at four.
Speaker 4 (06:41):
No.
Speaker 3 (06:42):
I get up at three every single day. My hours
of the day. Why do I get up at three? Well,
I do a guest appearance. I do a guest appearance
overnight program nationwide program cuts his name's Kyle Warren every
day four forty five am. And then at five I
do that in my car outside the gym. Then I
(07:03):
go into the gym right afterwards. But from three o'clock.
Speaker 4 (07:07):
In the morning.
Speaker 3 (07:09):
So when I get in my car at around four thirty,
I meditate and I pray, and I read, and I
get my mind right and I do my best to
guess communicate with God. So I can do the best
(07:31):
possible job I can not just for Markowski investments in
the Watchdog on Wall Street Show. But I'd be a
better father, a better husband, a better person and I
spend that.
Speaker 4 (07:42):
Time that you know, it's my quiet time, nobody's up.
Speaker 3 (07:46):
I get up, make myself coffee, and I drink way
too much coffee. I have three cups of coffee by
the time I leave at that point in time. And
it's always funny. So I have something happens to me
the day before the irony. The kind of the amazement
behind this is that if something bad happens, or it's,
(08:06):
you know, something I'm wrestling with in my life, whatever
is that, the next day's readings and the next day's
gospel help me out, and I want to I want
to share with you becaus this helped me out on
Thursday morning.
Speaker 4 (08:22):
It was from wisdom.
Speaker 3 (08:24):
In Wisdom is a spirit, intelligent, holy, unique, manifold, subtle, agile, clear, unstained, certain,
not baneful, loving, the good, keen, unhampered, benevolent, kindly, firm, secure, tranquil,
all powerful, all seeing, and pervading all spirits, though they
(08:48):
be intelligent, pure and very subtle. For Wisdom is mobile
beyond all motion, and she penetrates and pervades all things
by reason of her purity. For he is an aura
of the might of God, and a pure effusion of
the glory of the Almighty. Therefore all that is sullied
enters into her. For she is the refulgence of eternal life,
(09:11):
the spotless mirror of the power of God, the image
of His goodness. And she, who is one, can do
all things and renews everything, while herself perduring and passing
into holy soul. From age to age, she produces friends
of God and prophets. For there is not God loves
be it not one who dwells with wisdom. For she
is fairer than the sun, and surpasses every constellation of
(09:34):
the stars compared to light. She takes precedent for that,
indeed nights her plants. But wickedness prevails not over wisdom. Indeed,
she reaches from end to end mightily and governs all
things well. Something that I pray for every day, wisdom, wisdom.
(09:59):
And it's funny the things that I talk about here
in the program. It pervades everything in regards to the
world around us, managing money, whatever it may be. I'll
things I've been talking about for years here on the program.
I'll discover that, oh Gie, somebody else was talking about
that a thousand years ago. That was that's in the
Bible there too, or that's in this piece, because it's
(10:20):
like gravity. Okay, you can't deny it. It's there, it exists,
and that's what we should be reaching for, each and
every one of us. But then, you know, you watch,
you watch the complete garbage that we have, the type
of leadership that we have here in this country, and
(10:42):
the way that they gaslight us, they lie to our face.
You know, think of think of bonas Aarrah and Godfather one.
You know, he's sitting there, he's asking the Godfather to
for justice, and he's talking about sitting in the courtroom
and the two guys that beat up his daughter. He's like,
they sat there in the courtroom and they smiled at me.
(11:05):
That's what I see when I watch these fools, these politicians.
I don't care if it's an elephant or a donkey
going on Fox News having their buttocks kissed by all
these people out there.
Speaker 4 (11:17):
What do they do.
Speaker 3 (11:20):
They had a signing ceremony at the White House to
open up the government. This great piece of legislation, the
President's a great piece of legislation. You just signed. You
just signed Joe Biden's spending package. Man, you just signed
Joe Biden's spending package with an insert in there so
(11:41):
certain senators, Republican senators can sue the government. That's what
you signed on too, And it's only good until the
end of January, meaning what Meanwhile, you guys are gonna
be on vacation most of the month of December through January.
We all know this, So probably most of the these deals
are going to be cut in some sort of back
(12:01):
room somewhere that we're not gonna see because everyone's going
to be checked out watching the bloody Hallmark channel.
Speaker 4 (12:09):
It's by design.
Speaker 3 (12:10):
Man had a great The government was shut down for
what forty eight forty three, forty four days? Did we
get any any reform when it came to Obamacare, any
attempt to solve this put anything forward at all? Did
you do anything in regards to the snap program and
doing away with you know, pushing poison on people, soda
(12:33):
and sweets and all this other junk that you can
get on the snapper. Did you do anything about that
at all?
Speaker 2 (12:37):
No?
Speaker 4 (12:37):
No, no, no, no, no no no.
Speaker 3 (12:38):
We got instead instead, they cut a deal with the
pharmaceutical companies so they can push out GLP drugs onto
the masses. Oh, that's a great idea. I could see it.
Fifteen years from now. You're gonna be calling your lawyer
here they do you take a GOLP drug? Now you
can sue. This is this is this is the leadership
we have. This, this is wisdom, This is both sides
(13:00):
of the aisle. You want, you want to know something else.
I'm not kidding.
Speaker 4 (13:06):
Don't believe me.
Speaker 3 (13:07):
Okay. After that piece of legislation was signed on Wednesday
evening again again government's been closed. I don't know, forty
four days they closed again. They don't come back again
until Tuesday. I kid you, not well, everybody else's country's.
Speaker 4 (13:27):
Gotta get up.
Speaker 3 (13:27):
We've gotta work. We gotta bust our butts every day.
They haven't worked for forty four days. They signed a
deal to open up the government and then they go home.
Why because they got camp. But they got fundraisers, they've
got events that they've scheduled already.
Speaker 4 (13:46):
Understand my frustration, Understand my anger.
Speaker 3 (13:52):
Why I get riled up here on the program, longtime listeners. No,
I go after both sides. I want what's best for you.
I want what's best for this country. I want what's
best for my family. My kid, and we're just not
getting it. We're just not getting it. I spent I
(14:17):
spent a couple hours. I got a couple hours on
Tuesday going through those Epstein emails that were coming out,
and it made my skin crawl. It made my skin crawl.
(14:40):
I'm like, again, that's a Trump vault. He's not vole
this girl here. I'm gonna take Trump aside. You talk
about all the other people that are in these emails,
that are in positions of power, that are connected to
this guy, and I'm just grossed out. Everybody listening to
this program right now, I'd say ninety nine point nine
(15:00):
per sent.
Speaker 4 (15:00):
The people in this program right now don't know a pedophile.
Speaker 3 (15:05):
Yeah, they're all connected. Talking about six degrees of separation
for us on the planet, these guys are less than
one degree is separation. How is that possible? How do
these people come to positions of power?
Speaker 2 (15:17):
Man?
Speaker 3 (15:18):
It's like Roman Polanski's Rosemary Babies were spot on.
Speaker 4 (15:21):
You gotta know the.
Speaker 3 (15:22):
Right devils out there for crying out loud. It's sick, man,
it really is. That's why I kind of felt defeated.
Speaker 4 (15:30):
I did. But when you feel defeated, you pick yourself
up and you keep fighting, fighting for what's right.
Speaker 3 (15:44):
And that's that's what we've been doing for twenty five
years here, and that's what we're gonna continue to do.
Gotta take a break. Gotta take a break. Yeah, I
promise I won't have any more coffee. Promise Anyway, We're
gonna take a quick break. To our website, Watchdog on
Wallstreet dot com. I invite each and every one of
you to become a part of our family, the Watchdog
(16:07):
and Wall Street Family, our personal CFO program. Of course,
can sign up for our podcast, our newsletter, all sorts.
Speaker 4 (16:14):
Of great stuff.
Speaker 3 (16:15):
This is the longest running in It's a financial radio program.
Speaker 4 (16:18):
There's none like it. This is why we're the longest
running program.
Speaker 3 (16:21):
Okay, fill the Watchdog on Wallstreet dot Com.
Speaker 4 (16:25):
We'll be back to.
Speaker 5 (16:31):
Maybe this is you. Two people are enormously frustrated with
the cost of healthcare. Right now, there is an option.
Hundreds of thousands of people have gone with Meta Share.
They like it more and they're saving a lot of money.
Perfect time for you to join. To apply before November fifteenth,
and they will waive your application fee. That's one hundred dollars.
(16:51):
You'll be saving right off the bat, in addition to
the thousands you can save every year. Call them now
here's the number eight five five Share forty. That's a
eight five five share forty. Meta Shares a community of
Christians who've shared more than nine billion dollars in medical bills.
It has worked beautifully for decades, and with so many
people reexamining their options right now seeing premiums going up
(17:13):
en up, this is a great time to take advantage
of this offer. Just tell them the promo code share
and save one hundred dollars before November fifteenth. Call eight
five five Share forty. That's eight five five shre forty.
Eight five five share forty.
Speaker 4 (17:30):
Hey, are you.
Speaker 6 (17:31):
Tired of working to fulfill someone else's dream? What if
the next big success story was yours? You know, with
franchise ownership, you can be your own boss and you
don't have to start from scratch. Text the word franchise
to two six seven eighty six right now. You'll explore
more than four hundred franchise opportunities from food to fitness,
to fashion, trash removal to automotive to pets. Whatever your interests,
(17:54):
there's a franchise for you. Owning a franchise gives you
a proven system, built in support, brand recognition, everything that
helps get customers through the door. And if you need financing,
we'll put you in touch with banks who are eager
to help finance your dream. And if you text the
word franchise to two six seven eighty six, you'll receive
a free copy of the award winning book The Franchise
(18:15):
MBA along with a free personal consultation. Starts your journey
to independence today and be your own boss. Text the
word franchise to two six seven eighty six. Your future
is waiting. Text franchise to two six seven eighty six.
Speaker 7 (18:30):
Business owners, are you paying high phone bills for old
school systems and lousy service? Strong Tell cuts your phone
bills in half and turns every phone you own into
a feature rich business system. Sean Roddy, CEO of Hennings
Brothers Drilling, had this to say, We've been a strong
Tel customer for over ten years. It's great and even
(18:53):
includes an intercom with video to our equipment yard. I
can watch live from anywhere with my smartphone. I'd recommend
strong Tel to anyone. Never miss a customer call again
with your Strong tailed business system. Strong Tel is a
proud IYE text partner and always welcomes your eye text dollars.
You'll get award winning strong Tail service, a business class
(19:16):
phone system, and cut your phone bill in half. So
visit strongtail dot com right now. That's strong Tel s
t R O, M G T E L dot com.
It's strong Tel.
Speaker 1 (19:40):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (19:51):
All Right, I'm gonna miss uh, I'm gonna miss my
favorite shark, one of my favorite sharks. All right, one
that actually points this out. Nobody else does, but I
got gotta hand it to him. He is the greatest
shark of all time. They're like, oh yeah, tiger sharks,
bull sharks, great white sharks.
Speaker 4 (20:11):
No, the best shark out there's Warren Buffett.
Speaker 3 (20:14):
Okay, Warren Buffett's the greatest shark out there because he
is a shark and nobody thinks he's a shark.
Speaker 4 (20:20):
Yeah. I know. He drinks Cherry Coke and he lives
in that little.
Speaker 3 (20:22):
House and drives the same car he's been driving for
years and likes Terry Queen. Yeah, Okay, I get that.
But the guy is a shark, and again he's my
favorite shark.
Speaker 4 (20:33):
He is.
Speaker 3 (20:36):
Also kind of a different type of shark because he's
a shark that actually does does push out and teach
a lot. He's got a lot of wisdom that is
that's great for individual investors if you pay attention to it.
Speaker 4 (20:50):
I point out as a shark.
Speaker 3 (20:53):
Gotta remind everybody he uh, he grew both most of
his wealth. He's a crude after the age of sixty five.
And one of the things we like to talk about
is the power of compounding. Well, why I'm going to
miss my favorite shark is he's not going to be
writing anymore annual reports for Berkshire Hathaway and I love
those things. I did, and I wrote a column about
(21:17):
one back in March of two thousand and seven, and
I thought this was genius.
Speaker 4 (21:21):
It really was.
Speaker 3 (21:22):
He the this annual letter to sharehold. He wrote it
as a help want it and he said, wanted a
young man or woman with the potential to manage a
very large portfolio. The ideal candidate must be someone genetically
programmed to recognize and avoid serious risks, including those never
(21:45):
before encountered. Other key requirements independent thinking emotional stability had
a key understanding of both human and institutional behavior. And
it was great because everyone should heed that when it
comes to who they are having manage their money, it
is a damn important decision. It's make or break time
(22:11):
for many of the things you want to do in life,
the goals that you're thinking of right now, and the
things that are going to cross your path.
Speaker 4 (22:19):
That you have no idea, no idea.
Speaker 3 (22:23):
What God has in store for you, and you want
to you want to prepare for them right This is
why I don't like calling it financial planning. Okay, we're
We're more like financial trainers. That's that's more of what
we do. It's more like financial training, prep work. I
love training. But the reality is is so many people
(22:48):
make choices, make choices. I'm going to trade this all
by my loadsome How's that working out for you in
your robin Hood account? Stuff that sets people back for years,
or you hire some you know, local yokel that is
being told what to do by the Edward Jones or
amerorprize sales manager or a big bank that's there to
(23:09):
sell you their crappy stuff after their large investors have
sold out.
Speaker 4 (23:15):
Again.
Speaker 3 (23:16):
Think about it, contemplate and reflect over what type of
service you want. Again, listen to Buffett. It's a very
very very smart shark. Got to take a break. Watchdog
on Wallstreet dot Com. Hey, become a part of our
family at Markowski Investment.
Speaker 4 (23:35):
Sign up for our personal CFO program.
Speaker 3 (23:38):
Watchdog on Wallstreet dot COM's place.
Speaker 4 (23:41):
You need to get to sign up right there. Give
us a call eight hundred and four to seven one
fifty nine eighty four.
Speaker 1 (24:00):
Taking Wall Streets Liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets?
Speaker 4 (24:09):
What about everybody? It is the Watchdog on Wall Street Show.
Speaker 3 (24:12):
Time talk jobs, inflation, and someone Donald Trump should hire
someone I again I We'll get into so later on
in the program, because again I voted for the man.
Speaker 4 (24:27):
I want him to do well. He's just not doing well.
Speaker 3 (24:30):
Someone that I really think that he should add to
his administration.
Speaker 4 (24:33):
Will get into that a bit.
Speaker 3 (24:34):
But we're being told, we're being told that the gun
at numbers for September and October we're not going to
get them now. September's numbers were basically done. They were done,
All everything was collected, and this is right before the
shutdowns started. I don't know why they're not going to
(24:56):
put those numbers out. Maybe they'll change their mind Octoberver's numbers. Again,
I don't understand. It's just data. You can just collect
the data and you can run the numbers and put
it out. What it's going to lead to is more
uncertainty and also conspiracy theories.
Speaker 4 (25:14):
Ah, you know, skin you're gonna hear it.
Speaker 3 (25:15):
It'll be on MSNBC or holding up the numbers because
they're really bad from the get tho numbers out. And
again you allow them, You allow them to take this
in whatever direction you want them to. And this is
why I'm all about, Hey, you know, just let the
information come out. It is what it is, and deal
with it. You got various different Trump aids now floating
(25:39):
the idea that we're going to go into a recession,
and they're pointing the fingers at the FED. Now again
they'll be able to use all is the government shutdown,
that's why we're in a recession. That again, it's amazing,
it's amazing you get this on both Democrats and Republicans.
Nobody just stands up and says, you know what I'm
gonna take responsibility for this. I'm gonna take responsibility for this.
(26:03):
I'm and I'm gonna, I'm gonna deal with it. What
would be nice, what'd be nice for somebody to actually
own up to something. I said, this is what's gonna happen,
and this is how we're gonna deal with it. So
it's constant pointing fingers at this one. No, it's the elephants.
Now it's the donkeys. It's just enough already. I explained
this to my kids. I've talked about it here on
(26:23):
the program. I think you know, you truly become an
adult in life is when you accept responsibility for everything
that happens to you, good nor bad, and you just
deal with it. You do that, well, then guess what
you can solve the problem. But anyway, I've been following
the the private sector numbers ADPH Challenger numbers, and they're
(26:47):
not good.
Speaker 4 (26:49):
They're not good. You ain't get into it.
Speaker 3 (26:51):
I mean ADP, you know, private sector hiring three a
little over three thousand last month.
Speaker 4 (26:59):
And and it really be honest, it is what it is.
Speaker 3 (27:02):
It fell off a cliff after Liberation Day, it fell
off a cliff. Why is this well, here's a little
known tidbit of information.
Speaker 4 (27:13):
Oh, if you listen to this program, you know this.
Speaker 3 (27:16):
Most hiring in this country comes from businesses that are
five years old and younger. Large companies they hire and
they fire. That always makes news when there's major layoffs
at you know, big company, they announce it. When a
company is hiring big companies, major announcement. But a lot
of times it's a wash. The real growth engine for
this country, and this is what's made this country great,
(27:38):
it's a real dynamic country is small businesses. Small businesses
have been smacked upside the head.
Speaker 4 (27:46):
Okay, period the end. You're a small.
Speaker 3 (27:49):
Business, it's very, very difficult for you to pass on
certain costs and tariffs onto your customers. It just is
you're not Nike. You're small sneak, You're not Nike. And
because of that, they have to hold back. They have
to hold back. There's just a lot of questions out
(28:09):
there and they have. And if you take a look
at the ADP employment changes going back to Liberation Day,
you go right after Trump got elected.
Speaker 4 (28:20):
Pow, everything went through the roof.
Speaker 3 (28:22):
And this was even before he was president, because it
was just excitement about the future. Soon as Liberation Day
hits straight down. Okay, these numbers don't lie. These not
government numbers.
Speaker 4 (28:35):
This is a d P. And again you go to
Challenger and Christmas as well.
Speaker 3 (28:40):
The only thing that Again, I'm at the point in
time right now, and I've been bouncing this back and
forth in my head because we have, you know, CPI
at three percent. I think the CPI is going to
come in lighter. Reason being is we're starting to see
rents come down. Rents make up thirty something percy three
I think percent maybe a little less, maybe a little
(29:02):
bit more of the CPI rents come down, that number
is gonna come down. We always inflation has always been
and I've explained this here on the program. It's always
been a monetary issue, continuing to print to much money.
I made this point, would it talked about the price
of eggs going up because the Avian flew. Okay, that's
(29:24):
not really inflation, It's not Okay, there's nothing the Federal
Reserve could have done and put masks on chickens, even
though I'm sure FAUTI would have loved to do that.
All right, there's nothing to do with that. It's always
a monetary issue. Do I think we have higher prices
due to tariffs. Absolutely. We even have the Secretary of
Treasury out there talk about, Yeah, we're gonna be bringing
prices down because we're gonna be lowering tariffs. Dude, you're
(29:46):
contradicting yourself. Okay, Yes, they make prices go up. So
do I think that the Do I think that the
Fed is going to lower rate six months?
Speaker 4 (29:56):
I'm not sure, but I do they need to at
this point in time.
Speaker 3 (30:03):
The jobs numbers reflects that we're gonna take quick break here.
Speaker 4 (30:06):
I just look took a look at the time.
Speaker 3 (30:07):
But to get back, I'm gonna talk take a quick
quick take on I think Donald Trump should hire really
think could turn things around as far as monetary policy,
as far as economic policy, as far as administration is concerned.
Don't go anywhere. You're listening to the Watchdog on Wall
Street Show. Watchdog on Wallstreet dot Com, our personal CFO program, podcast, newsletter,
(30:30):
all sorts of great stuff, Watchdog on Wallstreet dot Com.
Speaker 4 (30:33):
We'll be back.
Speaker 1 (30:36):
You man.
Speaker 2 (30:49):
This is the Watchdog on Wall Street.
Speaker 3 (30:54):
Skinner.
Speaker 4 (30:56):
All right, welcome back, everybody. It is the Watchdog on
Wall Street Show.
Speaker 3 (31:00):
Ken you're new to the program, Here our personal CFO program,
a personal CFO program. We we help everybody out. Yeah,
we're a family office. Yes, we have offices around the
country nationwide. But the reality is you work with the
Markowski family. You work with the Markowski family. We have
(31:25):
been doing business our way. Here old Sinatra song, I
did it my way. Yeah, there's no other firm like ours.
There's not a single firm in this country that does
what we do, provides the services that we do for everyone.
For it's there's other firms, there's other firms that family
offices out there. I'll offer the highest level of service.
(31:45):
But ay, unless you've got you know, ten, fifteen to
twenty million dollars, they're not interested in speaking with you.
We help everyone out. I'm not gonna go over my
story my background again. You can do your homework on me.
Go back and listen to shows, listen to our podcast.
Do you just see who we're all about? Okay, completely
different from everybody else, completely different. No velvet rope at
(32:09):
Markowski Investments, and we'll help you with everything. If you
need your accounting help, we'll give your counting help. If
you need legal help, we'll give you legal help. It's everything,
just get to our website at Watchdog on Wall Street
dot com. Sign up for our personal CFO program. Anyway, Okay,
this is the higher Okay, you got to get rid
of some of these duficses Kevin Hassetts and the others
(32:32):
that he's got there that sound like complete dufices. When
they go on TV, it's again, it insults my intelligence.
I've got a Godfather reference. Again, don't insult my intelligence.
It makes me very angry. And that's what they do.
They contradict themselves. It's brutal, it really is. Judy Shelton,
Judy Shelton was actually nominated to the FED during Trump's
(32:56):
first term, and they pulled the nomination. They pulled the
nomination because, oh yeah, they didn't want to vote on
her because she's too honest. She's too honest, and she
makes too much sense. And you know what, no one else.
So Judy believes in a balanced budget. Yes, oh no,
(33:17):
Heaven's de VETSI Washington, DC, we actually balance our budget.
Speaker 4 (33:23):
I listen.
Speaker 3 (33:24):
If you're not familiar with who she is, take a
few minutes out of your time, Okay, throw it into
you know, Rock or Google, whatever you use, and just listen.
To her interview this past week on CNBC and compare
her to all of these other dufuss out there. You
know what her thoughts are on inflation. Her target rate
(33:44):
for inflation is zero. That's right, and she's right, she's right,
why should we have any inflation? And she cites the Constitution,
God bless her talking about how Congress is in charge
of weights and measures and guess what that's what a
dollar is. And we're constantly debasing our curtry two percent
(34:08):
target right now, make it zero sound money. Past thirty years,
you have lost fifty four percent of your buying power
and they're not doing a damn thing to change that.
Speaker 4 (34:23):
Get to our website, Watchdog on Wallstreet dot com. That's
Watchdog on Wallstreet dot com.
Speaker 3 (34:27):
Or give us a call eight hundred four seven one
fifty nine eighty four.
Speaker 1 (34:37):
The only man who is taking on the walls. It's
the watch the Watchdog in Wall Street with Chris Markowski.
Speaker 3 (34:46):
We've been quite eclectic today with the bumper music. I mean,
we've had you know, Olivia Newton, John John Travolta, Greason, We've.
Speaker 4 (34:56):
Gone on to Skinner and Eagles.
Speaker 3 (34:58):
But that's you know again, like any clicktic here with
the bump reviews, watch Dot on Wall Street dot commerce site.
Remind everybody again sign up for a personal CFO program
podcast all sorts of great stuff.
Speaker 4 (35:09):
Okay, we're gonna talk about a zombie.
Speaker 3 (35:12):
Attack on your portfolio. That's right, zombies. My jaw dropped
this past week.
Speaker 4 (35:20):
It did.
Speaker 3 (35:21):
I'm reading an article. This is off CNBC site, and
I get it. CNBC's website, for the most part, is
read by industry professionals, like CNBC, for the most part,
is watched by professionals. There's not the general public doesn't
watch it to that great of a degree. But they
(35:45):
had an article in there, and it was basically basically admitting.
Speaker 4 (35:52):
To everything that I've been telling you here on.
Speaker 3 (35:54):
The program when it comes to private equity and what's
going to happen.
Speaker 4 (35:59):
They admitted to it. They actually admitted it in this column.
My hand almost exploded.
Speaker 3 (36:07):
I said, Holy snikes, and I said, I had to
print this thing up because I don't know when they're
gonna take this column down anyway. Why private equity is
stuck with zombie companies that can't sell across portfoliose firms
are sitting on a pile of so called zombie companies,
businesses that are unable to attract.
Speaker 4 (36:25):
Buyers even at a discount.
Speaker 3 (36:27):
Private equity firms are having difficulties because the machine is stuck.
God tell me something I don't know already, And they're
actually interviewing people from private equity companies saying, yeah, we
have all of these companies on our books. Yeah, we
loaded up on all sorts of cash, borrow tons of
(36:48):
money when rates were low, went out and bought all
of these companies. We can't sell them now, can't sell
them now. However, however, they're still sitting on the books.
They're still sitting there, and they're still margin a management
fee to all of the limited partners in that private
equity fund. But the limited partners want to get out
(37:08):
because they want to rotate their money into something else,
and they're not able to do it. Now, what did
we tell you? What do we tell you? Their next
move is their next plan? Find a buyer. Well, there's
so much of buyer. Find a greater fool, find a sucker.
(37:30):
And you want to know who that greater fool, that
sucker is you? That's right, America, it's you. It always
has been you. It was you. It was you during
the dot COM's Okay, and again I told the story
about Morgan Stanley buying Dean Witter up and dumping all
(37:51):
of their their dot com stocks and their rich clients
down to the ones that were a Dean Winter. Remember
Dean Witter used to be at Sears Roebuck stores. Again
and again and again. It's a demonic game of musical chairs,
and they're admitting to it in this article.
Speaker 4 (38:08):
Yet what what what? What do they want to do?
What are they pushing for right now? Oh? We must.
Speaker 3 (38:14):
It's gonna be great for individual investors. It's gonna be
great for people's four or one k is an I
raise if we allow them to have alternative investments in
their portfolio?
Speaker 4 (38:24):
Are you high? I mean, seriously, you think that's a
good idea?
Speaker 3 (38:31):
All it is, okay, all it is is them getting
their rich investors out. I'm gonna be honest with people. Okay,
I'm looking, I'm I'm hoping at least private. I hope
they blow up in all of their faces boom to
me at first. Okay, it'd be at first, but you
know if that happens, you know it will probably happen.
(38:52):
Is we the taxpayers would probably bail them out, just
like every other time, because you know, that's what we
do here in this country. We call ourselves a capitalist country,
but then how we socialize, socialized all the losses for
the super rich?
Speaker 4 (39:06):
Am I wrong here? Listen?
Speaker 3 (39:09):
I'm a true capitalist. Okay, I'm not one of these
Wall Street capitalists.
Speaker 4 (39:15):
Well you know, oh geez, the.
Speaker 3 (39:17):
Financial system could go down unless we step in here
and bail this out. Every single time.
Speaker 4 (39:23):
We're all gonna die.
Speaker 3 (39:24):
We're all gonna die unless the taxpayers comes in and
bails out the snls, or the taxpayers bail out the
big banks, or the taxpayers come in and bail account
was it Silicon Valley Bank and First Republican?
Speaker 2 (39:36):
We go on and on and on.
Speaker 3 (39:40):
Yeah, so again, we're at this point in time. It's
one of two things they're gonna happen. Either they're gonna
get you to buy all of their garbage companies that
they're holding on to.
Speaker 4 (39:51):
Please don't do that, please please, okay, don't do that.
Speaker 3 (39:57):
I don't care what your how, I don't care what
you you're a local, Yokal broker says, because they're putting
together funds right now and they're gonna say this is
gonna be this is a great way to diversify in
your portfolio. They're gonna give you all sorts of fancy
words that you don't understand. They're gonna feed you lines
of bs. In fact, they don't even know it's bs
because they're just told what to do.
Speaker 4 (40:16):
Okay, they've got sales managers up.
Speaker 3 (40:18):
Okay, I'm gonna go twenty percent alternatives and everybody's portfolio.
Here you go, and they'll do it. They're not the
sharpest tax in the box.
Speaker 4 (40:27):
Okay.
Speaker 3 (40:28):
So you can continue to work with people like this,
or you can work with somebody that will actually look
out for you. Again, it's not all of them, not
all of them, but it most.
Speaker 4 (40:40):
Certainly is most of them. Most certainly is most of them.
Speaker 3 (40:43):
And what they're doing the same thing that they did
with all the mortgage backed securities back in the day.
Speaker 4 (40:49):
They're gonna bundle all this stuff. They're gonna bundle all
this stuff and they're gonna put.
Speaker 3 (40:54):
It into a fund or an ETF and they're gonna
tell you it's diversified. And because it's diversified, oh it's
that much more safety.
Speaker 4 (41:04):
Yeah.
Speaker 3 (41:04):
Kind of like all of those safe diversified funds that
had all of those garbage mortgages in them. Right again,
don't believe them. Yeah, it's funny. I wrote about this.
This is a few years ago, few years ago. This
is back in June of twenty twenty two, Beware of
Zombies wrote an entire piece.
Speaker 4 (41:27):
This was in a column I wrote.
Speaker 3 (41:28):
It was called Reality, the Terrain and a fundamental Review,
and I explained the different types of zombie companies and
how these big firms are gonna look to put them
into your portfolio. This is three years ago. Yeah, well
guess what here comes? Here comes Be smart people, be smart. Okay,
(41:48):
if you have any questions, get the help you need.
Get to our website, Watchdog on wallstreet dot com. That's
Watchdog on wallstreet dot com. Sign up for our personal
CFOLL program.
Speaker 4 (41:59):
Podcast, newsletter, all sorts of great.
Speaker 3 (42:01):
Stuff Watchdog on wallstreet dot com, or give us a
call eight hundred four seven one fifty.
Speaker 4 (42:06):
Nine eighty four.
Speaker 1 (42:10):
You're listening to the Watchdog on Wall Street
Well, no one authored investment banker, consumer advocate, analyst, trader
Chris Markowski is.
Speaker 2 (00:14):
The watchdog 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 2 (00:27):
You can't handled the true.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 3 (00:34):
Ladies and gentlemen. We're on here to indulge in fantasy,
but in political and economic reality.
Speaker 2 (00:39):
This is the watchdog on Wall Streets.
Speaker 4 (00:44):
All right, welcome everybody. I am. Yeah, I'm pretty fired
off today.
Speaker 3 (00:51):
Quite the week we had, without a doubt, I'm going
to start off today. My longtime listeners are familiar with
the word. I've talked about this word here on the program.
I love this word. This is a word that has
no English translation. There's no English translation for this word.
(01:16):
It is a Greek word. The word is phil. It
can be described as in many ways, love of honor,
sense of honor.
Speaker 4 (01:31):
But it's more than that.
Speaker 3 (01:34):
It's a concept that you really you can't it's not
possible to actually really translate it because it encompasses so
many things, so many virtues, pride, pride in one's actions,
(01:55):
pride in one's people, one's community, this feeling that you have,
that you have this attachment, this strong sense of duty
to do what is right and honorable at all times.
It's not about taking shortcuts. It's it's a pretty amazing word.
(02:21):
And again there is no definition for there's no translation
in English. There's no other word like it that I
know of, and I've talked about it before here on
the program. And I try to live my life, try
(02:42):
to live my life. I try to do this this
show with that in mind. Always, always the amount of
prep I do for every single podcast, every single show.
We take no short cuts here on the program. I
don't have any writers, none. You don't Limbaugh had writers.
(03:07):
I had no writers, no producers, nothing. And it's always
been this way, always been this way. It has to
be done right. I have to be fighting for you,
I have to be fighting for my listeners, have to
be fighting for my clients. We have to be doing
the right thing. We do not take any shortcuts here.
(03:30):
And I watched the news this week, and obviously we're
going to talk about the shutdown. Can also talk about
the Epstein files and the nonsense, the complete and utter
bowl excrement that is being thrown at us all the time,
(03:51):
and it really made me sad. I'm gonna be honest
with you, I was Wednesday evening. I forget that feeling.
I just would. I felt thoroughly defeated, thoroughly defeated as
a man. Okay, men are men are wired. Okay, we're
(04:13):
wired as it's instinctual to provide and to protect.
Speaker 4 (04:20):
That that's instinctual. I mean, I go into a restaurant.
Speaker 3 (04:23):
I go into a restaurant, and again, my back is, uh,
my back is, you know, I'm facing the wall. I'm
always looking for an exit, just in case something goes down.
It's just our nature is to provide and protect. And
for years here I said, I've got three children, and
when you have kids, younger people out there, again, it's
a complete different light switch goes off in you in
(04:46):
a different way. And I've said this for years here
on the program. You know, I want my kids to
grow up in a world where they can succeed beyond
their wildest dreams and fail. Nothing wrong with failure, nothing wrong.
And I try very very hard, very very hard, you know,
to push people to educate people here on the program
(05:09):
and listen. You know again, we man's gotta man's gotta
know his limitations myself included, it's not up to me.
Speaker 4 (05:17):
I can try to do the best I can. It's
it's up to God.
Speaker 3 (05:20):
But it is frustrating, frustrating and doing this show for
twenty five years before doing guests, but doing for over
thirty years, trying to push the truth, trying to get,
you know, to the bottom of things, point people in
the right direction, all of this stuff.
Speaker 4 (05:38):
And this is what we get.
Speaker 3 (05:41):
I talked about, you know, another Greek story we've talked about,
the story Sisyphus pushing the rock up to the top
of the hill, having it roll down on you again
and again and again. I felt defeated, and you know,
this time I felt that bad, I said, I was
thinking about it. I said my junior year in high school,
(06:03):
when we were supposed to go on and do really
well in the States and lacrosse, and we blew it
in the sectionals.
Speaker 4 (06:10):
We were just exhausted.
Speaker 3 (06:11):
They made us play two games two days in a row,
and we played the toughest team the day before, beat them,
and then we had to play a team that we'd
already beaten twice killed over the course of the season.
We just came out flat and we lost. It was
kind of like that. It was that type of an
empty feeling. But I got myself up, as I do
(06:34):
every day three o'clock in the morning. My wife's I
don't have to get up at three o'clock in the morning.
You can sleep mint, let's get up at four.
Speaker 4 (06:41):
No.
Speaker 3 (06:42):
I get up at three every single day. My hours
of the day. Why do I get up at three? Well,
I do a guest appearance. I do a guest appearance
overnight program nationwide program cuts his name's Kyle Warren every
day four forty five am. And then at five I
do that in my car outside the gym. Then I
(07:03):
go into the gym right afterwards. But from three o'clock.
Speaker 4 (07:07):
In the morning.
Speaker 3 (07:09):
So when I get in my car at around four thirty,
I meditate and I pray, and I read, and I
get my mind right and I do my best to
guess communicate with God. So I can do the best
(07:31):
possible job I can not just for Markowski investments in
the Watchdog on Wall Street Show. But I'd be a
better father, a better husband, a better person and I
spend that.
Speaker 4 (07:42):
Time that you know, it's my quiet time, nobody's up.
Speaker 3 (07:46):
I get up, make myself coffee, and I drink way
too much coffee. I have three cups of coffee by
the time I leave at that point in time. And
it's always funny. So I have something happens to me
the day before the irony. The kind of the amazement
behind this is that if something bad happens, or it's,
(08:06):
you know, something I'm wrestling with in my life, whatever
is that, the next day's readings and the next day's
gospel help me out, and I want to I want
to share with you becaus this helped me out on
Thursday morning.
Speaker 4 (08:22):
It was from wisdom.
Speaker 3 (08:24):
In Wisdom is a spirit, intelligent, holy, unique, manifold, subtle, agile, clear, unstained, certain,
not baneful, loving, the good, keen, unhampered, benevolent, kindly, firm, secure, tranquil,
all powerful, all seeing, and pervading all spirits, though they
(08:48):
be intelligent, pure and very subtle. For Wisdom is mobile
beyond all motion, and she penetrates and pervades all things
by reason of her purity. For he is an aura
of the might of God, and a pure effusion of
the glory of the Almighty. Therefore all that is sullied
enters into her. For she is the refulgence of eternal life,
(09:11):
the spotless mirror of the power of God, the image
of His goodness. And she, who is one, can do
all things and renews everything, while herself perduring and passing
into holy soul. From age to age, she produces friends
of God and prophets. For there is not God loves
be it not one who dwells with wisdom. For she
is fairer than the sun, and surpasses every constellation of
(09:34):
the stars compared to light. She takes precedent for that,
indeed nights her plants. But wickedness prevails not over wisdom. Indeed,
she reaches from end to end mightily and governs all
things well. Something that I pray for every day, wisdom, wisdom.
(09:59):
And it's funny the things that I talk about here
in the program. It pervades everything in regards to the
world around us, managing money, whatever it may be. I'll
things I've been talking about for years here on the program.
I'll discover that, oh Gie, somebody else was talking about
that a thousand years ago. That was that's in the
Bible there too, or that's in this piece, because it's
(10:20):
like gravity. Okay, you can't deny it. It's there, it exists,
and that's what we should be reaching for, each and
every one of us. But then, you know, you watch,
you watch the complete garbage that we have, the type
of leadership that we have here in this country, and
(10:42):
the way that they gaslight us, they lie to our face.
You know, think of think of bonas Aarrah and Godfather one.
You know, he's sitting there, he's asking the Godfather to
for justice, and he's talking about sitting in the courtroom
and the two guys that beat up his daughter. He's like,
they sat there in the courtroom and they smiled at me.
(11:05):
That's what I see when I watch these fools, these politicians.
I don't care if it's an elephant or a donkey
going on Fox News having their buttocks kissed by all
these people out there.
Speaker 4 (11:17):
What do they do.
Speaker 3 (11:20):
They had a signing ceremony at the White House to
open up the government. This great piece of legislation, the
President's a great piece of legislation. You just signed. You
just signed Joe Biden's spending package. Man, you just signed
Joe Biden's spending package with an insert in there so
(11:41):
certain senators, Republican senators can sue the government. That's what
you signed on too, And it's only good until the
end of January, meaning what Meanwhile, you guys are gonna
be on vacation most of the month of December through January.
We all know this, So probably most of the these deals
are going to be cut in some sort of back
(12:01):
room somewhere that we're not gonna see because everyone's going
to be checked out watching the bloody Hallmark channel.
Speaker 4 (12:09):
It's by design.
Speaker 3 (12:10):
Man had a great The government was shut down for
what forty eight forty three, forty four days? Did we
get any any reform when it came to Obamacare, any
attempt to solve this put anything forward at all? Did
you do anything in regards to the snap program and
doing away with you know, pushing poison on people, soda
(12:33):
and sweets and all this other junk that you can
get on the snapper. Did you do anything about that
at all?
Speaker 2 (12:37):
No?
Speaker 4 (12:37):
No, no, no, no, no no no.
Speaker 3 (12:38):
We got instead instead, they cut a deal with the
pharmaceutical companies so they can push out GLP drugs onto
the masses. Oh, that's a great idea. I could see it.
Fifteen years from now. You're gonna be calling your lawyer
here they do you take a GOLP drug? Now you
can sue. This is this is this is the leadership
we have. This, this is wisdom, This is both sides
(13:00):
of the aisle. You want, you want to know something else.
I'm not kidding.
Speaker 4 (13:06):
Don't believe me.
Speaker 3 (13:07):
Okay. After that piece of legislation was signed on Wednesday
evening again again government's been closed. I don't know, forty
four days they closed again. They don't come back again
until Tuesday. I kid you, not well, everybody else's country's.
Speaker 4 (13:27):
Gotta get up.
Speaker 3 (13:27):
We've gotta work. We gotta bust our butts every day.
They haven't worked for forty four days. They signed a
deal to open up the government and then they go home.
Why because they got camp. But they got fundraisers, they've
got events that they've scheduled already.
Speaker 4 (13:46):
Understand my frustration, Understand my anger.
Speaker 3 (13:52):
Why I get riled up here on the program, longtime listeners. No,
I go after both sides. I want what's best for you.
I want what's best for this country. I want what's
best for my family. My kid, and we're just not
getting it. We're just not getting it. I spent I
(14:17):
spent a couple hours. I got a couple hours on
Tuesday going through those Epstein emails that were coming out,
and it made my skin crawl. It made my skin crawl.
(14:40):
I'm like, again, that's a Trump vault. He's not vole
this girl here. I'm gonna take Trump aside. You talk
about all the other people that are in these emails,
that are in positions of power, that are connected to
this guy, and I'm just grossed out. Everybody listening to
this program right now, I'd say ninety nine point nine
(15:00):
per sent.
Speaker 4 (15:00):
The people in this program right now don't know a pedophile.
Speaker 3 (15:05):
Yeah, they're all connected. Talking about six degrees of separation
for us on the planet, these guys are less than
one degree is separation. How is that possible? How do
these people come to positions of power?
Speaker 2 (15:17):
Man?
Speaker 3 (15:18):
It's like Roman Polanski's Rosemary Babies were spot on.
Speaker 4 (15:21):
You gotta know the.
Speaker 3 (15:22):
Right devils out there for crying out loud. It's sick, man,
it really is. That's why I kind of felt defeated.
Speaker 4 (15:30):
I did. But when you feel defeated, you pick yourself
up and you keep fighting, fighting for what's right.
Speaker 3 (15:44):
And that's that's what we've been doing for twenty five
years here, and that's what we're gonna continue to do.
Gotta take a break. Gotta take a break. Yeah, I
promise I won't have any more coffee. Promise Anyway, We're
gonna take a quick break. To our website, Watchdog on
Wallstreet dot com. I invite each and every one of
you to become a part of our family, the Watchdog
(16:07):
and Wall Street Family, our personal CFO program. Of course,
can sign up for our podcast, our newsletter, all sorts.
Speaker 4 (16:14):
Of great stuff.
Speaker 3 (16:15):
This is the longest running in It's a financial radio program.
Speaker 4 (16:18):
There's none like it. This is why we're the longest
running program.
Speaker 3 (16:21):
Okay, fill the Watchdog on Wallstreet dot Com.
Speaker 4 (16:25):
We'll be back to.
Speaker 5 (16:31):
Maybe this is you. Two people are enormously frustrated with
the cost of healthcare. Right now, there is an option.
Hundreds of thousands of people have gone with Meta Share.
They like it more and they're saving a lot of money.
Perfect time for you to join. To apply before November fifteenth,
and they will waive your application fee. That's one hundred dollars.
(16:51):
You'll be saving right off the bat, in addition to
the thousands you can save every year. Call them now
here's the number eight five five Share forty. That's a
eight five five share forty. Meta Shares a community of
Christians who've shared more than nine billion dollars in medical bills.
It has worked beautifully for decades, and with so many
people reexamining their options right now seeing premiums going up
(17:13):
en up, this is a great time to take advantage
of this offer. Just tell them the promo code share
and save one hundred dollars before November fifteenth. Call eight
five five Share forty. That's eight five five shre forty.
Eight five five share forty.
Speaker 4 (17:30):
Hey, are you.
Speaker 6 (17:31):
Tired of working to fulfill someone else's dream? What if
the next big success story was yours? You know, with
franchise ownership, you can be your own boss and you
don't have to start from scratch. Text the word franchise
to two six seven eighty six right now. You'll explore
more than four hundred franchise opportunities from food to fitness,
to fashion, trash removal to automotive to pets. Whatever your interests,
(17:54):
there's a franchise for you. Owning a franchise gives you
a proven system, built in support, brand recognition, everything that
helps get customers through the door. And if you need financing,
we'll put you in touch with banks who are eager
to help finance your dream. And if you text the
word franchise to two six seven eighty six, you'll receive
a free copy of the award winning book The Franchise
(18:15):
MBA along with a free personal consultation. Starts your journey
to independence today and be your own boss. Text the
word franchise to two six seven eighty six. Your future
is waiting. Text franchise to two six seven eighty six.
Speaker 7 (18:30):
Business owners, are you paying high phone bills for old
school systems and lousy service? Strong Tell cuts your phone
bills in half and turns every phone you own into
a feature rich business system. Sean Roddy, CEO of Hennings
Brothers Drilling, had this to say, We've been a strong
Tel customer for over ten years. It's great and even
(18:53):
includes an intercom with video to our equipment yard. I
can watch live from anywhere with my smartphone. I'd recommend
strong Tel to anyone. Never miss a customer call again
with your Strong tailed business system. Strong Tel is a
proud IYE text partner and always welcomes your eye text dollars.
You'll get award winning strong Tail service, a business class
(19:16):
phone system, and cut your phone bill in half. So
visit strongtail dot com right now. That's strong Tel s
t R O, M G T E L dot com.
It's strong Tel.
Speaker 1 (19:40):
Bringing America financial freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (19:51):
All Right, I'm gonna miss uh, I'm gonna miss my
favorite shark, one of my favorite sharks. All right, one
that actually points this out. Nobody else does, but I
got gotta hand it to him. He is the greatest
shark of all time. They're like, oh yeah, tiger sharks,
bull sharks, great white sharks.
Speaker 4 (20:11):
No, the best shark out there's Warren Buffett.
Speaker 3 (20:14):
Okay, Warren Buffett's the greatest shark out there because he
is a shark and nobody thinks he's a shark.
Speaker 4 (20:20):
Yeah. I know. He drinks Cherry Coke and he lives
in that little.
Speaker 3 (20:22):
House and drives the same car he's been driving for
years and likes Terry Queen. Yeah, Okay, I get that.
But the guy is a shark, and again he's my
favorite shark.
Speaker 4 (20:33):
He is.
Speaker 3 (20:36):
Also kind of a different type of shark because he's
a shark that actually does does push out and teach
a lot. He's got a lot of wisdom that is
that's great for individual investors if you pay attention to it.
Speaker 4 (20:50):
I point out as a shark.
Speaker 3 (20:53):
Gotta remind everybody he uh, he grew both most of
his wealth. He's a crude after the age of sixty five.
And one of the things we like to talk about
is the power of compounding. Well, why I'm going to
miss my favorite shark is he's not going to be
writing anymore annual reports for Berkshire Hathaway and I love
those things. I did, and I wrote a column about
(21:17):
one back in March of two thousand and seven, and
I thought this was genius.
Speaker 4 (21:21):
It really was.
Speaker 3 (21:22):
He the this annual letter to sharehold. He wrote it
as a help want it and he said, wanted a
young man or woman with the potential to manage a
very large portfolio. The ideal candidate must be someone genetically
programmed to recognize and avoid serious risks, including those never
(21:45):
before encountered. Other key requirements independent thinking emotional stability had
a key understanding of both human and institutional behavior. And
it was great because everyone should heed that when it
comes to who they are having manage their money, it
is a damn important decision. It's make or break time
(22:11):
for many of the things you want to do in life,
the goals that you're thinking of right now, and the
things that are going to cross your path.
Speaker 4 (22:19):
That you have no idea, no idea.
Speaker 3 (22:23):
What God has in store for you, and you want
to you want to prepare for them right This is
why I don't like calling it financial planning. Okay, we're
We're more like financial trainers. That's that's more of what
we do. It's more like financial training, prep work. I
love training. But the reality is is so many people
(22:48):
make choices, make choices. I'm going to trade this all
by my loadsome How's that working out for you in
your robin Hood account? Stuff that sets people back for years,
or you hire some you know, local yokel that is
being told what to do by the Edward Jones or
amerorprize sales manager or a big bank that's there to
(23:09):
sell you their crappy stuff after their large investors have
sold out.
Speaker 4 (23:15):
Again.
Speaker 3 (23:16):
Think about it, contemplate and reflect over what type of
service you want. Again, listen to Buffett. It's a very
very very smart shark. Got to take a break. Watchdog
on Wallstreet dot Com. Hey, become a part of our
family at Markowski Investment.
Speaker 4 (23:35):
Sign up for our personal CFO program.
Speaker 3 (23:38):
Watchdog on Wallstreet dot COM's place.
Speaker 4 (23:41):
You need to get to sign up right there. Give
us a call eight hundred and four to seven one
fifty nine eighty four.
Speaker 1 (24:00):
Taking Wall Streets Liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets?
Speaker 4 (24:09):
What about everybody? It is the Watchdog on Wall Street Show.
Speaker 3 (24:12):
Time talk jobs, inflation, and someone Donald Trump should hire
someone I again I We'll get into so later on
in the program, because again I voted for the man.
Speaker 4 (24:27):
I want him to do well. He's just not doing well.
Speaker 3 (24:30):
Someone that I really think that he should add to
his administration.
Speaker 4 (24:33):
Will get into that a bit.
Speaker 3 (24:34):
But we're being told, we're being told that the gun
at numbers for September and October we're not going to
get them now. September's numbers were basically done. They were done,
All everything was collected, and this is right before the
shutdowns started. I don't know why they're not going to
(24:56):
put those numbers out. Maybe they'll change their mind Octoberver's numbers. Again,
I don't understand. It's just data. You can just collect
the data and you can run the numbers and put
it out. What it's going to lead to is more
uncertainty and also conspiracy theories.
Speaker 4 (25:14):
Ah, you know, skin you're gonna hear it.
Speaker 3 (25:15):
It'll be on MSNBC or holding up the numbers because
they're really bad from the get tho numbers out. And
again you allow them, You allow them to take this
in whatever direction you want them to. And this is
why I'm all about, Hey, you know, just let the
information come out. It is what it is, and deal
with it. You got various different Trump aids now floating
(25:39):
the idea that we're going to go into a recession,
and they're pointing the fingers at the FED. Now again
they'll be able to use all is the government shutdown,
that's why we're in a recession. That again, it's amazing,
it's amazing you get this on both Democrats and Republicans.
Nobody just stands up and says, you know what I'm
gonna take responsibility for this. I'm gonna take responsibility for this.
(26:03):
I'm and I'm gonna, I'm gonna deal with it. What
would be nice, what'd be nice for somebody to actually
own up to something. I said, this is what's gonna happen,
and this is how we're gonna deal with it. So
it's constant pointing fingers at this one. No, it's the elephants.
Now it's the donkeys. It's just enough already. I explained
this to my kids. I've talked about it here on
(26:23):
the program. I think you know, you truly become an
adult in life is when you accept responsibility for everything
that happens to you, good nor bad, and you just
deal with it. You do that, well, then guess what
you can solve the problem. But anyway, I've been following
the the private sector numbers ADPH Challenger numbers, and they're
(26:47):
not good.
Speaker 4 (26:49):
They're not good. You ain't get into it.
Speaker 3 (26:51):
I mean ADP, you know, private sector hiring three a
little over three thousand last month.
Speaker 4 (26:59):
And and it really be honest, it is what it is.
Speaker 3 (27:02):
It fell off a cliff after Liberation Day, it fell
off a cliff. Why is this well, here's a little
known tidbit of information.
Speaker 4 (27:13):
Oh, if you listen to this program, you know this.
Speaker 3 (27:16):
Most hiring in this country comes from businesses that are
five years old and younger. Large companies they hire and
they fire. That always makes news when there's major layoffs
at you know, big company, they announce it. When a
company is hiring big companies, major announcement. But a lot
of times it's a wash. The real growth engine for
this country, and this is what's made this country great,
(27:38):
it's a real dynamic country is small businesses. Small businesses
have been smacked upside the head.
Speaker 4 (27:46):
Okay, period the end. You're a small.
Speaker 3 (27:49):
Business, it's very, very difficult for you to pass on
certain costs and tariffs onto your customers. It just is
you're not Nike. You're small sneak, You're not Nike. And
because of that, they have to hold back. They have
to hold back. There's just a lot of questions out
(28:09):
there and they have. And if you take a look
at the ADP employment changes going back to Liberation Day,
you go right after Trump got elected.
Speaker 4 (28:20):
Pow, everything went through the roof.
Speaker 3 (28:22):
And this was even before he was president, because it
was just excitement about the future. Soon as Liberation Day
hits straight down. Okay, these numbers don't lie. These not
government numbers.
Speaker 4 (28:35):
This is a d P. And again you go to
Challenger and Christmas as well.
Speaker 3 (28:40):
The only thing that Again, I'm at the point in
time right now, and I've been bouncing this back and
forth in my head because we have, you know, CPI
at three percent. I think the CPI is going to
come in lighter. Reason being is we're starting to see
rents come down. Rents make up thirty something percy three
I think percent maybe a little less, maybe a little
(29:02):
bit more of the CPI rents come down, that number
is gonna come down. We always inflation has always been
and I've explained this here on the program. It's always
been a monetary issue, continuing to print to much money.
I made this point, would it talked about the price
of eggs going up because the Avian flew. Okay, that's
(29:24):
not really inflation, It's not Okay, there's nothing the Federal
Reserve could have done and put masks on chickens, even
though I'm sure FAUTI would have loved to do that.
All right, there's nothing to do with that. It's always
a monetary issue. Do I think we have higher prices
due to tariffs. Absolutely. We even have the Secretary of
Treasury out there talk about, Yeah, we're gonna be bringing
prices down because we're gonna be lowering tariffs. Dude, you're
(29:46):
contradicting yourself. Okay, Yes, they make prices go up. So
do I think that the Do I think that the
Fed is going to lower rate six months?
Speaker 4 (29:56):
I'm not sure, but I do they need to at
this point in time.
Speaker 3 (30:03):
The jobs numbers reflects that we're gonna take quick break here.
Speaker 4 (30:06):
I just look took a look at the time.
Speaker 3 (30:07):
But to get back, I'm gonna talk take a quick
quick take on I think Donald Trump should hire really
think could turn things around as far as monetary policy,
as far as economic policy, as far as administration is concerned.
Don't go anywhere. You're listening to the Watchdog on Wall
Street Show. Watchdog on Wallstreet dot Com, our personal CFO program, podcast, newsletter,
(30:30):
all sorts of great stuff, Watchdog on Wallstreet dot Com.
Speaker 4 (30:33):
We'll be back.
Speaker 1 (30:36):
You man.
Speaker 2 (30:49):
This is the Watchdog on Wall Street.
Speaker 3 (30:54):
Skinner.
Speaker 4 (30:56):
All right, welcome back, everybody. It is the Watchdog on
Wall Street Show.
Speaker 3 (31:00):
Ken you're new to the program, Here our personal CFO program,
a personal CFO program. We we help everybody out. Yeah,
we're a family office. Yes, we have offices around the
country nationwide. But the reality is you work with the
Markowski family. You work with the Markowski family. We have
(31:25):
been doing business our way. Here old Sinatra song, I
did it my way. Yeah, there's no other firm like ours.
There's not a single firm in this country that does
what we do, provides the services that we do for everyone.
For it's there's other firms, there's other firms that family
offices out there. I'll offer the highest level of service.
(31:45):
But ay, unless you've got you know, ten, fifteen to
twenty million dollars, they're not interested in speaking with you.
We help everyone out. I'm not gonna go over my
story my background again. You can do your homework on me.
Go back and listen to shows, listen to our podcast.
Do you just see who we're all about? Okay, completely
different from everybody else, completely different. No velvet rope at
(32:09):
Markowski Investments, and we'll help you with everything. If you
need your accounting help, we'll give your counting help. If
you need legal help, we'll give you legal help. It's everything,
just get to our website at Watchdog on Wall Street
dot com. Sign up for our personal CFO program. Anyway, Okay,
this is the higher Okay, you got to get rid
of some of these duficses Kevin Hassetts and the others
(32:32):
that he's got there that sound like complete dufices. When
they go on TV, it's again, it insults my intelligence.
I've got a Godfather reference. Again, don't insult my intelligence.
It makes me very angry. And that's what they do.
They contradict themselves. It's brutal, it really is. Judy Shelton,
Judy Shelton was actually nominated to the FED during Trump's
(32:56):
first term, and they pulled the nomination. They pulled the
nomination because, oh yeah, they didn't want to vote on
her because she's too honest. She's too honest, and she
makes too much sense. And you know what, no one else.
So Judy believes in a balanced budget. Yes, oh no,
(33:17):
Heaven's de VETSI Washington, DC, we actually balance our budget.
Speaker 4 (33:23):
I listen.
Speaker 3 (33:24):
If you're not familiar with who she is, take a
few minutes out of your time, Okay, throw it into
you know, Rock or Google, whatever you use, and just listen.
To her interview this past week on CNBC and compare
her to all of these other dufuss out there. You
know what her thoughts are on inflation. Her target rate
(33:44):
for inflation is zero. That's right, and she's right, she's right,
why should we have any inflation? And she cites the Constitution,
God bless her talking about how Congress is in charge
of weights and measures and guess what that's what a
dollar is. And we're constantly debasing our curtry two percent
(34:08):
target right now, make it zero sound money. Past thirty years,
you have lost fifty four percent of your buying power
and they're not doing a damn thing to change that.
Speaker 4 (34:23):
Get to our website, Watchdog on Wallstreet dot com. That's
Watchdog on Wallstreet dot com.
Speaker 3 (34:27):
Or give us a call eight hundred four seven one
fifty nine eighty four.
Speaker 1 (34:37):
The only man who is taking on the walls. It's
the watch the Watchdog in Wall Street with Chris Markowski.
Speaker 3 (34:46):
We've been quite eclectic today with the bumper music. I mean,
we've had you know, Olivia Newton, John John Travolta, Greason, We've.
Speaker 4 (34:56):
Gone on to Skinner and Eagles.
Speaker 3 (34:58):
But that's you know again, like any clicktic here with
the bump reviews, watch Dot on Wall Street dot commerce site.
Remind everybody again sign up for a personal CFO program
podcast all sorts of great stuff.
Speaker 4 (35:09):
Okay, we're gonna talk about a zombie.
Speaker 3 (35:12):
Attack on your portfolio. That's right, zombies. My jaw dropped
this past week.
Speaker 4 (35:20):
It did.
Speaker 3 (35:21):
I'm reading an article. This is off CNBC site, and
I get it. CNBC's website, for the most part, is
read by industry professionals, like CNBC, for the most part,
is watched by professionals. There's not the general public doesn't
watch it to that great of a degree. But they
(35:45):
had an article in there, and it was basically basically admitting.
Speaker 4 (35:52):
To everything that I've been telling you here on.
Speaker 3 (35:54):
The program when it comes to private equity and what's
going to happen.
Speaker 4 (35:59):
They admitted to it. They actually admitted it in this column.
My hand almost exploded.
Speaker 3 (36:07):
I said, Holy snikes, and I said, I had to
print this thing up because I don't know when they're
gonna take this column down anyway. Why private equity is
stuck with zombie companies that can't sell across portfoliose firms
are sitting on a pile of so called zombie companies,
businesses that are unable to attract.
Speaker 4 (36:25):
Buyers even at a discount.
Speaker 3 (36:27):
Private equity firms are having difficulties because the machine is stuck.
God tell me something I don't know already, And they're
actually interviewing people from private equity companies saying, yeah, we
have all of these companies on our books. Yeah, we
loaded up on all sorts of cash, borrow tons of
(36:48):
money when rates were low, went out and bought all
of these companies. We can't sell them now, can't sell
them now. However, however, they're still sitting on the books.
They're still sitting there, and they're still margin a management
fee to all of the limited partners in that private
equity fund. But the limited partners want to get out
(37:08):
because they want to rotate their money into something else,
and they're not able to do it. Now, what did
we tell you? What do we tell you? Their next
move is their next plan? Find a buyer. Well, there's
so much of buyer. Find a greater fool, find a sucker.
(37:30):
And you want to know who that greater fool, that
sucker is you? That's right, America, it's you. It always
has been you. It was you. It was you during
the dot COM's Okay, and again I told the story
about Morgan Stanley buying Dean Witter up and dumping all
(37:51):
of their their dot com stocks and their rich clients
down to the ones that were a Dean Winter. Remember
Dean Witter used to be at Sears Roebuck stores. Again
and again and again. It's a demonic game of musical chairs,
and they're admitting to it in this article.
Speaker 4 (38:08):
Yet what what what? What do they want to do?
What are they pushing for right now? Oh? We must.
Speaker 3 (38:14):
It's gonna be great for individual investors. It's gonna be
great for people's four or one k is an I
raise if we allow them to have alternative investments in
their portfolio?
Speaker 4 (38:24):
Are you high? I mean, seriously, you think that's a
good idea?
Speaker 3 (38:31):
All it is, okay, all it is is them getting
their rich investors out. I'm gonna be honest with people. Okay,
I'm looking, I'm I'm hoping at least private. I hope
they blow up in all of their faces boom to
me at first. Okay, it'd be at first, but you
know if that happens, you know it will probably happen.
(38:52):
Is we the taxpayers would probably bail them out, just
like every other time, because you know, that's what we
do here in this country. We call ourselves a capitalist country,
but then how we socialize, socialized all the losses for
the super rich?
Speaker 4 (39:06):
Am I wrong here? Listen?
Speaker 3 (39:09):
I'm a true capitalist. Okay, I'm not one of these
Wall Street capitalists.
Speaker 4 (39:15):
Well you know, oh geez, the.
Speaker 3 (39:17):
Financial system could go down unless we step in here
and bail this out. Every single time.
Speaker 4 (39:23):
We're all gonna die.
Speaker 3 (39:24):
We're all gonna die unless the taxpayers comes in and
bails out the snls, or the taxpayers bail out the
big banks, or the taxpayers come in and bail account
was it Silicon Valley Bank and First Republican?
Speaker 2 (39:36):
We go on and on and on.
Speaker 3 (39:40):
Yeah, so again, we're at this point in time. It's
one of two things they're gonna happen. Either they're gonna
get you to buy all of their garbage companies that
they're holding on to.
Speaker 4 (39:51):
Please don't do that, please please, okay, don't do that.
Speaker 3 (39:57):
I don't care what your how, I don't care what
you you're a local, Yokal broker says, because they're putting
together funds right now and they're gonna say this is
gonna be this is a great way to diversify in
your portfolio. They're gonna give you all sorts of fancy
words that you don't understand. They're gonna feed you lines
of bs. In fact, they don't even know it's bs
because they're just told what to do.
Speaker 4 (40:16):
Okay, they've got sales managers up.
Speaker 3 (40:18):
Okay, I'm gonna go twenty percent alternatives and everybody's portfolio.
Here you go, and they'll do it. They're not the
sharpest tax in the box.
Speaker 4 (40:27):
Okay.
Speaker 3 (40:28):
So you can continue to work with people like this,
or you can work with somebody that will actually look
out for you. Again, it's not all of them, not
all of them, but it most.
Speaker 4 (40:40):
Certainly is most of them. Most certainly is most of them.
Speaker 3 (40:43):
And what they're doing the same thing that they did
with all the mortgage backed securities back in the day.
Speaker 4 (40:49):
They're gonna bundle all this stuff. They're gonna bundle all
this stuff and they're gonna put.
Speaker 3 (40:54):
It into a fund or an ETF and they're gonna
tell you it's diversified. And because it's diversified, oh it's
that much more safety.
Speaker 4 (41:04):
Yeah.
Speaker 3 (41:04):
Kind of like all of those safe diversified funds that
had all of those garbage mortgages in them. Right again,
don't believe them. Yeah, it's funny. I wrote about this.
This is a few years ago, few years ago. This
is back in June of twenty twenty two, Beware of
Zombies wrote an entire piece.
Speaker 4 (41:27):
This was in a column I wrote.
Speaker 3 (41:28):
It was called Reality, the Terrain and a fundamental Review,
and I explained the different types of zombie companies and
how these big firms are gonna look to put them
into your portfolio. This is three years ago. Yeah, well
guess what here comes? Here comes Be smart people, be smart. Okay,
(41:48):
if you have any questions, get the help you need.
Get to our website, Watchdog on wallstreet dot com. That's
Watchdog on wallstreet dot com. Sign up for our personal
CFOLL program.
Speaker 4 (41:59):
Podcast, newsletter, all sorts of great.
Speaker 3 (42:01):
Stuff Watchdog on wallstreet dot com, or give us a
call eight hundred four seven one fifty.
Speaker 4 (42:06):
Nine eighty four.
Speaker 1 (42:10):
You're listening to the Watchdog on Wall Street
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Ruthie's Table 4
For more than 30 years The River Cafe in London, has been the home-from-home of artists, architects, designers, actors, collectors, writers, activists, and politicians. Michael Caine, Glenn Close, JJ Abrams, Steve McQueen, Victoria and David Beckham, and Lily Allen, are just some of the people who love to call The River Cafe home. On River Cafe Table 4, Rogers sits down with her customers—who have become friends—to talk about food memories. Table 4 explores how food impacts every aspect of our lives. “Foods is politics, food is cultural, food is how you express love, food is about your heritage, it defines who you and who you want to be,” says Rogers. Each week, Rogers invites her guest to reminisce about family suppers and first dates, what they cook, how they eat when performing, the restaurants they choose, and what food they seek when they need comfort. And to punctuate each episode of Table 4, guests such as Ralph Fiennes, Emily Blunt, and Alfonso Cuarón, read their favourite recipe from one of the best-selling River Cafe cookbooks. Table 4 itself, is situated near The River Cafe’s open kitchen, close to the bright pink wood-fired oven and next to the glossy yellow pass, where Ruthie oversees the restaurant. You are invited to take a seat at this intimate table and join the conversation. For more information, recipes, and ingredients, go to https://shoptherivercafe.co.uk/ Web: https://rivercafe.co.uk/ Instagram: www.instagram.com/therivercafelondon/ Facebook: https://en-gb.facebook.com/therivercafelondon/ For more podcasts from iHeartRadio, visit the iheartradio app, apple podcasts, or wherever you listen to your favorite shows. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.