September 13, 2025 • 40 mins
Chris Markowski discusses the intersection of faith and financial principles, reflecting on societal issues and the current economic landscape. He emphasizes the importance of understanding financial realities, the role of faith in guiding moral decisions, and the need for action in troubling times. The conversation also covers labor market challenges, the impact of tariffs on businesses, and historical lessons on economic management.
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Episode Transcript
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Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, analyst, trader
Chris Markowski is the watch dog the Wall Street, 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. You can't handled the true truth,
(00:31):
bringing America the truth about what really happens in the
financial world.
Speaker 2 (00:36):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:41):
This is the watchdog law schools.
Speaker 2 (00:47):
All right, welcome, welcome everyone.
Speaker 3 (00:53):
I don't know how. I don't know where the show
is going to go today. Yeah.
Speaker 2 (00:57):
Usually, you know, when I put show together, I you know,
get all of my prep work or everything that I do.
I got some sort of direction where I want to go,
and I just today I don't know. I really don't.
But one of the things I always do, it's it's
I leave it basically in God's hands. I want to do,
(01:20):
you know, his work here on the program always have
been the case. And what's interesting is is that twenty
five years on air, I have and I in today's day,
I was wrong. I was wrong for for twenty five
years I basically kind of kept my belief system well
(01:42):
as far as my faith is concerned, kind of on
the downlow. The old you know, Saint Francis preached the
gospel sometimes use words. And one of the individuals that
she got me to say, hey, Chris, you know you
did nothing wrong. You know that that basically told me
was you know, it's okay, It's okay. Even I get
(02:05):
blown back from people, Oh your Bible time, I'm not.
Speaker 3 (02:09):
That's not what I do. I have a system that
it works.
Speaker 2 (02:12):
It works for Watchdog on Wall Street, it works for
Markowski Investments.
Speaker 3 (02:16):
I have a moral code and I'm not going to
divert from that. And I started talking about it again.
Speaker 2 (02:23):
It was it was Charlie Kirk and what he does
that I said, you know what, why.
Speaker 3 (02:30):
Am I holding back? Why am I holding back?
Speaker 2 (02:33):
You know, it's just showing part of myself here on
the program. And over the past couple of years, I have,
you know, been doing more in regards to faith and
what drives direction and this for kind of a lot
I probably should have because a lot of the principles
that we apply to investing are Biblical.
Speaker 3 (02:55):
For crying out loud.
Speaker 2 (02:55):
I mean it's time tested conservative principles that you can
find there. Again, we've discussed that here on the program,
so I kind of owe a little.
Speaker 3 (03:04):
Bit of that to him.
Speaker 2 (03:08):
I I haven't felt this, okay, kind I see off kilter.
I'm trying to come up with a phrase. I can't
since nine to eleven happened. I'm not kidding you. The
same exact feeling and feelings that I experienced on nine eleven,
(03:33):
two thousand and one is living in New York City.
Is how I feel today. I don't know what it is,
but it is what it is. That's how That's how
helpless I feel. That's how distraught I feel about this.
(03:57):
You look throughout history and it makes you, you know,
kill Socrates, of course, killed Jesus Christ, kill kill else.
Speaker 3 (04:10):
Let's go recent history. John F.
Speaker 2 (04:12):
Kennedy, Bobby Kennedy, Martin Luther King. You go right on
down the list of people that wanted peace, wanted to
bring people together, spoke the truth.
Speaker 3 (04:30):
Jonah. He went on.
Speaker 2 (04:32):
College campuses and debated people, had conversations. One of the
things that he espoused all the time. He says, said, listen,
we stopped.
Speaker 3 (04:46):
Talking to one another. That's what's going to lead to
civil war.
Speaker 2 (04:53):
I talk about the need and socratic debate here on
the program. You get into a debate, you have conversation
with someone, The goal is not to win. The goal
is to come to some sort of truth.
Speaker 3 (05:10):
You didn't hear.
Speaker 2 (05:11):
Him calling people names, being nasty, go and do it
with a smile on his face. What he wanted to
do is again, he wanted to be in many respects,
almost kind of like the next Rush Limbaugh, but different.
Speaker 3 (05:31):
We want to do it on radio.
Speaker 2 (05:32):
Wanted to use the new media, wanted to use TikTok
and Instagram and go on college campuses.
Speaker 3 (05:40):
And again, that's that's tough. That's tough.
Speaker 2 (05:46):
Try, you know, for a long time, try being a
conservative on a college campus, at least most of them.
You better keep your mouth shut. You're gonna be ostracized.
I I mean my kids, My kids were beside themselves,
(06:08):
their friends, besides themselves. I am I try, you know, again,
as a as a father, as the fight.
Speaker 3 (06:23):
And again, I've got older kids.
Speaker 2 (06:25):
I got two kids in college, I got one that
recently graduated. And the stories that we keep getting hit
with shooting up a school, I'm sorry, a church, a church,
A Catholic church in Minnesota.
Speaker 3 (06:46):
Watching a younger.
Speaker 2 (06:47):
We'll talk about talk about that a little bit later
on in the program. I gotta get into that minding
her own business killed. And I don't even know what's worse. Honestly,
it's so bloody evil, the killing, but also the people
sitting around and not doing a damn thing, not lifting
(07:10):
a finger, not coming to this poor girl's aid. And
my kids are seeing this, and they again, they gotta
be thinking to themselves, So.
Speaker 4 (07:23):
What kind of world am I living in at this
point in time? Satan winning again and again and again
and again.
Speaker 3 (07:41):
Yeah again. I'm trying not to yell.
Speaker 2 (07:43):
I'm trying to keep my cool, but I think it's
I think it's normal.
Speaker 3 (07:49):
I think it's okay.
Speaker 2 (07:52):
I think it's okay to be really really angry about this.
Speaker 3 (07:58):
And again it, you know, doesn't help.
Speaker 2 (08:01):
Doesn't help when you see people going online and singing
songs and happy that this dad, dad, two young kids,
they're not coming home, He's not coming home to them.
(08:28):
People celebrating that. One of the things that Charlie and
I very much.
Speaker 3 (08:40):
Agreed on.
Speaker 2 (08:41):
And I get flack when I talk about this here
on the program or on the podcast, and I could
care less. Okay, we're not a secular country.
Speaker 3 (08:52):
Okay, we weren't.
Speaker 2 (08:53):
We were we were never ever they that that is
one of the biggest lies out there there.
Speaker 3 (08:57):
It's a super race to the church.
Speaker 5 (08:59):
Stay.
Speaker 2 (09:00):
No, it was basically, we weren't going to have a
state religion. Weren't going to have a state religion. You
can go take a look. You know, we pulled the
country together those individual states, and you take a look
at those individual states. You couldn't hold office unless you
were a God fearing Christian. Fact I've talked about John Adams.
(09:26):
John Adams knew you can't have you can't have a
free country. It's not possible to have a free country
unless the people within that free country fear God.
Speaker 3 (09:43):
It doesn't work.
Speaker 2 (09:45):
That's why we're failing as a nation right now. That
is why we are failing as a nation right now.
We have turned our back.
Speaker 3 (09:59):
To God. We've made ourselves God's right. My truth.
Speaker 2 (10:04):
That's we talk about. I've talked about that here on
the broh It's my truth. I have my own truth.
Speaker 3 (10:11):
I can do whatever I want. That's true freedom. No,
it's not, No, it's not.
Speaker 2 (10:21):
We've pulled away and you you think that some sort
of politician is going to be able to fix this. No,
until we decide to turn back to God, to fear God.
That again, it's gonna be a slip resalt. We're gonna
(10:44):
continue to head in this direction. You're gonna continue to
have schools. Shoot you gonnantinue to have all of these things.
Speaker 1 (10:48):
That's why.
Speaker 2 (10:52):
That's why, period the end you talk, take away, gun's
gonna do this?
Speaker 3 (10:56):
But nonsense. Evil begets evil. That's all we've got. Always
you're surrounded by it all the time.
Speaker 2 (11:10):
And this is a guy that was leading people back,
young people back. We've we do have a gay I'm not.
I'm not you know, no light at the end of
the tunnel. We got more young people going back to church.
You're seeing the numbers across the board.
Speaker 3 (11:31):
It's that.
Speaker 2 (11:32):
That's that's what we need to have happen. Don't tell
me it wouldn't be a much better country. Okay, Uh,
Separation of churches, what a bunch of malarkey. Guy killed,
guy killed, telling people get married, have children, build a life. Wow,
(12:02):
that it hasn't worked. That doesn't work. Of course it works.
Why didn't we have so many problems with crime. Why
do you think we have so many jails here in
this country?
Speaker 3 (12:16):
Follow us homes? Now.
Speaker 2 (12:18):
You can throw one government program after another, bloody government program.
Speaker 3 (12:22):
Effort's not gonna solve the.
Speaker 2 (12:24):
Problem until people figure it out, until they fear God.
Speaker 5 (12:36):
You know.
Speaker 3 (12:37):
I just I was in Italy.
Speaker 2 (12:40):
Last week and right we're gonna be opening up an
office there and it's very very excited.
Speaker 3 (12:49):
And I again.
Speaker 2 (12:52):
Did my pilgrimage the Vatican also, you know, I'd love
going how to go to some other places as well,
or Vito and seeing some of these true just and
if you take a look, you look at look at
some of the really take a look at some of
the paintings that they put up there, and the graphic
depictions of hell. Climb the climate Duomo in Florence, Italy,
(13:14):
Brunelleski's beautiful Duomo, and take a look. That's horrific, scary
pictures there on the wall. If people feared that, If
people feared that, and say, listen, this is where I'm
(13:37):
going unless I change my ways, I repent and I
do the right thing man, Anything.
Speaker 3 (13:46):
Wrong with that at all? I I am hoping.
Speaker 2 (13:58):
And I am praying That's what I'm telling my my children, okay,
who are so angry, so upset about this?
Speaker 3 (14:05):
I said, you know what, do something? Do something? What
do you mean to do something? Well, you know, do something?
What do I mean by you know? What do you
mean by that? But you know there was.
Speaker 2 (14:20):
State Ignatius talking about paraphrasing, and I'm gonna get it
wrong about you know, yeah, active if it's you know,
it's all in God's hands. But then you have to
go out and you have to do something about it.
I am hoping and praying that this Charlie's death burts
a million more Charlie's.
Speaker 3 (14:43):
More people that are.
Speaker 2 (14:44):
Going to actually start doing what we talk about here
on the program. Build, create, protect, and teach, find out
what your talent, what your ability is, and go out
there and make it happen. Get married, have a family,
(15:06):
have children. There's nothing else more rewarding in life, period.
And I talk about that in the terms of financial planning.
Speaker 3 (15:17):
It's time.
Speaker 2 (15:18):
It's not the stuff that you're gonna acquire. It's a
time you're gonna spend with your loved ones. That's what
it's all about. All of the things stuff you have,
it's not your stuff. You're a steward of this stuff.
That's all. These are the things that he talked about.
(15:44):
What is so controversial about that? Explain it to me.
We have to change our ways. I'm sick and tired
of seeing pundits. Auntie, oh this program, this politician's program,
and oh man, we talk about removing guns and knives
(16:06):
and all this stuff. They actually I think they made
in great Printain. I think that they wanted to outlaw
any sort of knives you can't even have in your house.
Speaker 1 (16:14):
Really wrong.
Speaker 2 (16:19):
You want the answer you want, you want to solve
life's problems, go to church. Watchdog on Wall Street dot
com is our site.
Speaker 3 (16:32):
I'm sorry for raising my voice.
Speaker 2 (16:33):
I'm trying to keep the cool, but again it's I
believe some righteous anger that I have. Watchdog on Wallstreet
dot com. Become a part of our family at Markowski
Investments Watchdog on Wallstreet dot com or give us a
call eight four seven one eighty four.
Speaker 1 (17:06):
Taking Wall Streets liars, crooks and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets, you know.
Speaker 2 (17:20):
I know, I probably say it's kind of I guess
a vanity thing. And you're not supposed to you're not
supposed to do that. I just once once would like
Bloomberg or the Wall Street Journal these places to give
me credit for the calls that we've been making here
on the program. It was funny Bloomberg's chief economists came
(17:41):
out and said that.
Speaker 6 (17:43):
While this job revision's number confirms, the recession started in
April of twenty twenty four, laughing, because, yeah, who told
you that anyway?
Speaker 3 (17:56):
Recession?
Speaker 2 (17:57):
Okay, I've written a lot about recession and how they
like to market recessions and talk about them a technical recession.
A definition is two quarters of negative negative GDP growth.
We haven't had that as far as the numbers, the
government numbers are concerned. However, Okay, if it walks like
(18:19):
a duck and it packs like a duck, it's probably
a duck. And we've had areas of our economy where
we've had incredible cap X expenditures. There's a lot going on,
obviously in the tech sector, as we've talked about here
on the client our clients are.
Speaker 3 (18:38):
Well aware of.
Speaker 2 (18:40):
Okay, However, most of the economy has been bogged down
in weakness, and we've been talking about that ad nauseum.
We told you we told you the revision's number for
the seven month period ending of Art of this year.
(19:01):
It was funny again, you know how everybody likes to
politicize everything. Everybody's to politicize everything. Trump's the thing, and
oh it's Biden's faultlessen, Okay, part of it was in
Biden's term, part of it was in Trump's term. The
problem with with Trump is is that he promises the sun,
the moon, and the stars. Is salesman, Okay, promises it,
(19:24):
and you know that things don't turn out.
Speaker 3 (19:25):
I wish you would just kind of say and be
honest with people.
Speaker 2 (19:29):
The economy was weak coming in, and as soon as
he taking the oath office, he shouldn't say on day one,
we're gonna have his boom craw job explosion, Everything's.
Speaker 3 (19:39):
Gonna be great. He just said, no, we gotta work
on this, okay.
Speaker 2 (19:42):
So you know that there was a lot of damage
that was done under the Biden administration and we're gonna
work our tails off and work our way through it.
Speaker 3 (19:51):
But that's just not his style.
Speaker 2 (19:54):
And again he and I obviously have style issues without
a doubt, as my listeners know. But yeah, John growth
revised down by nine hundred and eleven thousand jobs. Now
the problem as well is then you've got a lot
of people out there in the media that quite frankly
think that, and this is on the right. They think that,
(20:17):
like Jay Powell has some magic button at the FED
where he's going to lower rates and Crispig boom, all oh,
jobs are going.
Speaker 3 (20:24):
To be created everywhere.
Speaker 2 (20:27):
It doesn't work that way. It doesn't the things that
will help grow jobs. Some of the things are in
the big beautiful bill. You've got the ability to deduct expenses,
got tax cuts that are there, got to get rid
of regulations. But overall, there's still a lot of uncertainty.
(20:48):
I'm going to talk about this when we get back
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com
is our site again, our personal CFO program. Become a
part of the Watchdog and Wall Street family. Give us
a call as well. Eight hundred and four to seven
one fifty eighty four. You can sign up there.
Speaker 3 (21:04):
We'll be back.
Speaker 1 (21:07):
You're listening to the watch Dog on Wall Street.
Speaker 5 (21:26):
It's a little bit funny.
Speaker 1 (21:29):
This is the watch Dog on Wall Street.
Speaker 3 (21:33):
Good all out. One of my favorite screw up on
this stuff.
Speaker 2 (21:36):
Welcome back everybody. It is the watchdog on Wall Street Show.
I'm gonna run through some of the numbers here. Underemployment
in the United States. Underemployment jump to eight point one percent.
Speaker 3 (21:52):
That's the U six number.
Speaker 2 (21:55):
Full time jobs last support down three hundred and fifty
seven one thousand, part time jobs up five hundred and
ninety seven thousand, lost eighty thousand manufacturing jobs Since February first,
unemployment rate for young people at ten point five percent.
(22:16):
The number of people are not in the labor force
but still want a job rose by one hundred and
seventy nine thousand. The share of individuals are unemployed for
more than twenty seven weeks has rivesen two twenty five
point seven percent. Americans hit record low confidence in finding
new jobs since the tracking began. That is the reality.
(22:41):
And what I would encourage the president to do is
deal with reality. Deal with the terrain the idea out there.
You gotta again, you're gonna blame this on Powall. You're
gonna blame this on the FED. And if we only
lowered rates, we'd have more jobs. That's just not true, Okay,
it's not true that that's low information economics right there.
Speaker 3 (23:05):
Quite frankly, he is put into place.
Speaker 2 (23:11):
Quite a few pretty good things, and they're gonna start
working their way into the system. From the big beautiful
bill talked about that tax cuts, expenditures, not the no
tax on tips.
Speaker 3 (23:21):
That's not gonna do a damn thing.
Speaker 2 (23:22):
Okay, it's all about business and encouraging business to want
to go out there and build and create. What scares entrepreneurs.
What scares entrepreneurs is regulations, taxes. Well, the tariff thing
is a big deal, and we told you it was
(23:44):
a big deal. And the argument coming from the other
direction is, well, yo, inflation hasn't skyrocket.
Speaker 3 (23:50):
Everybody said inflationer's gonna skyrocket? No, no, we didn't. Can
pull up to take listen to the old watchdog on
Wall Street. Oh oh, okay, what do we tell you.
Speaker 2 (24:02):
We explain to you that inflation is going to be
it's going to be a slow frog boil. It wasn't
gonna be a big smack up side the head. A
slow frog boil where you put a frog in water
and you slowly turn up the heat and it doesn't
realize that it's going to die.
Speaker 3 (24:22):
It's gonna boil.
Speaker 2 (24:25):
That was a part of it. And also job cuts.
Businesses are gonna stop hiring. Many big companies out there,
people retire, they are not replacing those jobs. They're keeping
their powder dry. And yes, yes, the adaption of AI
(24:46):
is going to play a partner, there's no doubt about that.
But we have to get some sort of all clear
when it comes to tariffs, when it comes to trade.
This is one of the reasons why very critical of
the tariff policy. You want to add tariffs, okay, which
again it's attacks. We knew that they're coming. Okay, he
(25:08):
calls himself tariff man. Fine, you say, hey, guess what everybody, yep,
ten percent across the board, fifteen percent across the board.
Wash your hands of it, walk away. But all of
this confusion that's going on there, I can't tell you
the amount of emails and message I get from people
(25:30):
who have different types of business as client whatever it may.
Speaker 3 (25:33):
Be, that are like, I can't believe this.
Speaker 2 (25:35):
My input costs, this went up, my glass costs went up,
this went up, that one up.
Speaker 3 (25:39):
I don't even know how I'm going to handle this.
Speaker 2 (25:41):
They're gonna do this, and believe me, there's some winners
on this tariff thing. Without a doubt. Some people are
happy about this. It's benefited their business, but it's hurt
many others as well. Should again, I always talk about
the importance of making rules simple to understand, simple to use.
(26:05):
I always go back to Steve Jobs, and he did
an interview way back when nineteen eighties making fun. He
was making fun of the word processing software that was
out at that time was called word Star. Old people
like me, you're gonna remember this. It's like one of
the original word processing software. Do you remember the size
of the instruction manual? And Jobs knew this. This is
(26:28):
why you know his products. See, he figured it out.
You gotta make things easy to use. Simplicity is key.
And he said, no one's gonna understand the q's's and
all this stuff that you gotta do.
Speaker 3 (26:38):
You gotta read a novel to write a novel. Nobody's
gonna do that, and nobody did. He was right.
Speaker 2 (26:46):
The users man or, the instruction manual for the United
States of America needs to be simple. Okay, Ah, tariffs
go on, tariffs go off, raise tariffs.
Speaker 3 (26:57):
Here, how does the business deal with that company? And
all of a sudden, boo.
Speaker 2 (27:02):
We're just gonna nail India with another hire fifty percent
tef on that, and you're like, man, I just started
launched the product.
Speaker 3 (27:09):
I did the math on the product.
Speaker 2 (27:11):
And now the math doesn't work, and now I've lost
all my money. You can't do things that way.
Speaker 3 (27:17):
You can't.
Speaker 2 (27:19):
I hope, I hope it's going to come to a
conclusion sometime soon. When that happens, that's when you're gonna
really see the economy take off.
Speaker 3 (27:33):
Gotta take a break. Watchdog on Wallstreet dot com.
Speaker 2 (27:35):
Watchdog on Wallstreet dot com Again, We're here to help
and we help everyone out. We don't shut the door
to anyone. We're not one of those investment firms where
you have to have twenty thirty million dollars to work
with us. That's not Markowski, that's not the Markowski family.
Watchdog on Wallstreet dot com. Sign up for our personal
CFO program, my podcasts, newsletter, all sorts of great stuff
(27:57):
Watchdog on Wallstreet dot com, or give us a call
eight four seven eighty four. Well fun.
Speaker 1 (28:20):
The only man who is taking on the Wall Street establishments.
You're listening to The watch Dog and Wall Street with
Chris Markowski.
Speaker 2 (28:32):
A right welcome back everybody, Phil Collins, Philip Bailey, great tune. Anyway,
Another big problem, big problem that every again, everyone's put
their head in the sand, except we hear on the show.
We talked about this a lot over the past several
weeks and questions you know from people, you know, how
(28:56):
you know, how'd you guys know performance over the past
thirty years.
Speaker 3 (29:02):
Well, again, I don't believe government numbers.
Speaker 2 (29:06):
Okay, when I start hearing government numbers and they start,
you know something, I'm like, no, no. I try to
try to make this perfectly clear that you can be
your own, do it yourself economist. And again I have
I'm at an advantage, met advantage. I'm a national firm.
I've got clients all over the country, all over the
world for that matter.
Speaker 3 (29:27):
And we talked to them. We talk to them.
Speaker 2 (29:31):
We know what's going on in their business. We understand
what's going on in their business. My numbers are better
than the government's numbers. I also understand that you can't
just keep printing money forever and ever and ever without
debasing the currency. We have railed against the nonsensical portfolios
(29:54):
that were being touted by the big brokerage firms and
mickey Mouse firms and McDonald's firms out there, the sixty
forty portfolio, and they put you in some sort of
some sort of target date fund.
Speaker 3 (30:08):
And I'm like, you're gonna lose.
Speaker 2 (30:11):
You're gonna lose, You're gonna get a sub Now you're
gonna get a subpar return. It's gonna hit even harder
because guess what we told you. The value of your
money is gonna drop. We have been living in a
stagflationary environment since two thousand, quite frankly since well actually
(30:32):
you know, really got kicked in to get two thousand
and one, post nine to eleven again war on terrorist starts,
we start starting wars and spending trillions of dollars year
there and everywhere at covid on. On top of that, man,
you know, Clinton did leave office. Clinton did leave office.
And that's that's the best position we've been in financially,
(30:52):
you know since when, since prior to World War One?
And now we're thirty seven trillion dollars in debt. Economists again,
you know, I love making fun of economists here on
the program. Ken Rogoff, he's Nobel Prize winner. He actually
(31:13):
did a lot of really good work about the financial
crisis post financial crisis. Again, we called it before, but
he's the smart guy without a doubt, put out a
lot of good stuff, and he put out peace America's
coming crash. And many of the things that we have
been warning people about here on the program some time
(31:35):
are in that did this idea of people, and again
that it can't happen here.
Speaker 3 (31:43):
Is problematic. It is because it can listen.
Speaker 2 (31:49):
You know, we can keep printing, we can keep the
base in the currency that's technically a default.
Speaker 3 (31:55):
You're paying back debt with something that's worth less. But
we're all hurt by that.
Speaker 2 (32:01):
And this is why your portfolios need to reflect this reality.
Get to our website Watchdog on Wallstreet dot com. Sign
up for our personal CFO program. Get in the know
Watchdog in Wallstreet dot com.
Speaker 3 (32:14):
We'll be back.
Speaker 5 (32:16):
She looks me way.
Speaker 1 (32:32):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.
Speaker 3 (32:38):
You qut them back. I'm gonna share with you something.
Speaker 2 (32:49):
This is a piece piece that I wrote back in
twenty twelve.
Speaker 3 (32:54):
Twenty twelve. We've been very, very consistent and I don't care.
Speaker 2 (32:57):
And again, as my longtime listeners know I'm not a
member of any political party.
Speaker 3 (33:03):
Am I a conservative guy? Yep?
Speaker 2 (33:07):
I'm a conservative guy, libertarian guy. Believe in the Constitution,
and I also believe in sound math.
Speaker 3 (33:14):
Okay, we don't.
Speaker 2 (33:15):
We had the watchdog on Wall Street, we had Markowski Investments.
Do not believe that two plus two equals twenty. The
numbers have to align, they have to add up, and
they haven't for a long time.
Speaker 3 (33:29):
And you know, you take a look at what your
bills are.
Speaker 2 (33:32):
You take a look at the debasement of the currency,
take a look at past thirty years. You've lost over
fifty percent of the value of your hard earned.
Speaker 3 (33:41):
Money, your dollar.
Speaker 2 (33:43):
And if your portfolio is not pardon my French kicking ass,
you're You're in trouble.
Speaker 3 (33:52):
You're in trouble.
Speaker 2 (33:53):
You're you're basically spinning your wheels. You're basically paying your advisor,
your shlock broker, your private equity guy, paying them fees
for nothing. Piece I wrote, okay, this is John Adams.
I started off the article there are two ways to
conquer and enslave a country. One is by the sword,
(34:13):
the other is debt. I grabbed a couple others as well,
the budget should be balanced, the treasury should be refilled,
public debt should be reduced, the arrogance of officialdoms should
be tempered and controlled, and the assistance to foreign lands
by the aid of our own resources should be curtailed.
Who said that now, It wasn't Charlie Kirk, It wasn't
(34:37):
Chris Markowski. Nope, it wasn't Rand Paul or Thomas Massey.
Was Cicero for crying out loud nothing new under the sun,
Ben Franklin. If you know how to spend less than
you get, you have the philosopher's stone. When you run
in debt, you give to another power over your liberty.
(35:00):
Milton Friedman. The government solution to a problem is usually
as bad as the problem. Governments never learn, only people learn.
A nine piece that I wrote titled no Risk I
was making fun of Tim Geitner. Tim Geidner was being
I remember him, who was Treasury Secretary and Obama he
was actually being grilled on the debt. And I think
(35:24):
it was Paul Ryan who was grilling him on the debt.
And he basically said, there's no chance, no risk at all,
no risk at all, that America could default on their debt,
and they were making the comparison again, this is twenty
twelve to what had happened to Greece at the time. Okay,
no chance, no risk of that at all. Now I'm
(35:45):
gonna give you Watchdog on Wall Street life lesson number.
Speaker 3 (35:48):
I don't know, we'll call it one hundred and twenty four.
Speaker 2 (35:50):
Beware of anyone, anyone from the big Wall Street firms
or any other Washington DC politician bureaucrat that tells you
that there is no risk. If they're telling you that
there's no risk, they are, there's one hundred percent chance
that they are full of bull excrement, you know. The
(36:16):
Romans issued a gold coin called the Ors. The face
value of the original coin equated to the market.
Speaker 3 (36:24):
Value of gold in it.
Speaker 2 (36:26):
The Romans, much like we, the people here in the
United States right now, and other nations around the globe,
not just us, take a look everywhere, spend money haphazardly,
haphazardly money that we don't have. Public subsidies, military expenditures,
public works, huge government bureaucracy. The rulers of the Roman
(36:47):
Empire raised taxes, minted more coins to pay their bills.
Speaker 3 (36:51):
Coins were started to be issued.
Speaker 2 (36:53):
With less gold over time, and guess what, people lost
faith in the currency. Chinese rulers started issuing paper money
about one thousand years ago.
Speaker 3 (37:06):
They too realized that they could.
Speaker 2 (37:08):
Buy a lot of stuff if they printed a lot
of money, which is exactly what they did. Eventually, people
caught on that the paper money had no value, and
prices rose. In order to keep up the scam, the
rulers ordered death for the people who would not accept it.
Even nations with huge gold and silver reserves spent beyond
(37:33):
their means. Sixteenth century Spain was able to garner significant
quantities of the metals from the New World Right. King
Philip the Second managed to spend it all and then
some does that sound familiar? Wars shovel ready projects palaces
like the ls Corrial. King Philip defaulted on his debt
(37:56):
four times, even though revenue double During his reign. In
fifteen seventy six, phillips revenue was up by more than
fifty percent and his debt jumped by a third. His
last bankruptcy occurred when peak gold shipments were coming to Spain.
We can go on down the list talk about Germany
(38:18):
and uh, you know the reparations that they had to
pay and printing and go on and on and on.
Speaker 3 (38:23):
Zimbabwe.
Speaker 2 (38:25):
What makes what makes you think that we can't run
into problems here?
Speaker 3 (38:30):
Now, I get it, I get it.
Speaker 2 (38:33):
We you know, still the world's reserve currency status that
has afford us a lot quite frankly, but I get it.
At some point in time, at some point in time,
people are gonna, you know, say, hey, wait a second here,
you know, they got a default on this. There's just
too much risk involved here. There's too much risk in
lending American money. I'm going to demand more.
Speaker 3 (38:55):
Okay. That's the other thing as well.
Speaker 2 (38:58):
When you live in an inflation environment, you want to
get paid higher interest rate because the money that you're
getting paid back with is going to be worth less.
This is why, this is why we structure portfolios the
way we do. This is why we don't do that.
Set it and forget it nonsense. I've explained this before
(39:22):
here on the program. Most advisors out there are damn lazy.
Speaker 3 (39:27):
They're lazy.
Speaker 2 (39:28):
Well again, they they run a different business than we do.
They they're in the end many of these advisors actually
the entertainment business. I'm not in the entertainment business. I
don't have time to go golfing with.
Speaker 3 (39:39):
All of our clients all over the world. I don't
have time to go out to dinner four or five times. Here.
I'll have time for that.
Speaker 2 (39:44):
We're too busy working for you.
Speaker 3 (39:47):
Would you rather have us do that? Gotta take a break.
Watchdog on wallstreet dot com.
Speaker 2 (39:53):
Watchdog on wallstreet dot com. Don't go anywhere, We'll be back.
Speaker 1 (39:59):
Chris Markowski is the watchdog on Wall stret
Well, no one altered. Investment banker, consumer advocate, analyst, trader
Chris Markowski is the watch dog the Wall Street, 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. You can't handled the true truth,
(00:31):
bringing America the truth about what really happens in the
financial world.
Speaker 2 (00:36):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:41):
This is the watchdog law schools.
Speaker 2 (00:47):
All right, welcome, welcome everyone.
Speaker 3 (00:53):
I don't know how. I don't know where the show
is going to go today. Yeah.
Speaker 2 (00:57):
Usually, you know, when I put show together, I you know,
get all of my prep work or everything that I do.
I got some sort of direction where I want to go,
and I just today I don't know. I really don't.
But one of the things I always do, it's it's
I leave it basically in God's hands. I want to do,
(01:20):
you know, his work here on the program always have
been the case. And what's interesting is is that twenty
five years on air, I have and I in today's day,
I was wrong. I was wrong for for twenty five
years I basically kind of kept my belief system well
(01:42):
as far as my faith is concerned, kind of on
the downlow. The old you know, Saint Francis preached the
gospel sometimes use words. And one of the individuals that
she got me to say, hey, Chris, you know you
did nothing wrong. You know that that basically told me
was you know, it's okay, It's okay. Even I get
(02:05):
blown back from people, Oh your Bible time, I'm not.
Speaker 3 (02:09):
That's not what I do. I have a system that
it works.
Speaker 2 (02:12):
It works for Watchdog on Wall Street, it works for
Markowski Investments.
Speaker 3 (02:16):
I have a moral code and I'm not going to
divert from that. And I started talking about it again.
Speaker 2 (02:23):
It was it was Charlie Kirk and what he does
that I said, you know what, why.
Speaker 3 (02:30):
Am I holding back? Why am I holding back?
Speaker 2 (02:33):
You know, it's just showing part of myself here on
the program. And over the past couple of years, I have,
you know, been doing more in regards to faith and
what drives direction and this for kind of a lot
I probably should have because a lot of the principles
that we apply to investing are Biblical.
Speaker 3 (02:55):
For crying out loud.
Speaker 2 (02:55):
I mean it's time tested conservative principles that you can
find there. Again, we've discussed that here on the program,
so I kind of owe a little.
Speaker 3 (03:04):
Bit of that to him.
Speaker 2 (03:08):
I I haven't felt this, okay, kind I see off kilter.
I'm trying to come up with a phrase. I can't
since nine to eleven happened. I'm not kidding you. The
same exact feeling and feelings that I experienced on nine eleven,
(03:33):
two thousand and one is living in New York City.
Is how I feel today. I don't know what it is,
but it is what it is. That's how That's how
helpless I feel. That's how distraught I feel about this.
(03:57):
You look throughout history and it makes you, you know,
kill Socrates, of course, killed Jesus Christ, kill kill else.
Speaker 3 (04:10):
Let's go recent history. John F.
Speaker 2 (04:12):
Kennedy, Bobby Kennedy, Martin Luther King. You go right on
down the list of people that wanted peace, wanted to
bring people together, spoke the truth.
Speaker 3 (04:30):
Jonah. He went on.
Speaker 2 (04:32):
College campuses and debated people, had conversations. One of the
things that he espoused all the time. He says, said, listen,
we stopped.
Speaker 3 (04:46):
Talking to one another. That's what's going to lead to
civil war.
Speaker 2 (04:53):
I talk about the need and socratic debate here on
the program. You get into a debate, you have conversation
with someone, The goal is not to win. The goal
is to come to some sort of truth.
Speaker 3 (05:10):
You didn't hear.
Speaker 2 (05:11):
Him calling people names, being nasty, go and do it
with a smile on his face. What he wanted to
do is again, he wanted to be in many respects,
almost kind of like the next Rush Limbaugh, but different.
Speaker 3 (05:31):
We want to do it on radio.
Speaker 2 (05:32):
Wanted to use the new media, wanted to use TikTok
and Instagram and go on college campuses.
Speaker 3 (05:40):
And again, that's that's tough. That's tough.
Speaker 2 (05:46):
Try, you know, for a long time, try being a
conservative on a college campus, at least most of them.
You better keep your mouth shut. You're gonna be ostracized.
I I mean my kids, My kids were beside themselves,
(06:08):
their friends, besides themselves. I am I try, you know, again,
as a as a father, as the fight.
Speaker 3 (06:23):
And again, I've got older kids.
Speaker 2 (06:25):
I got two kids in college, I got one that
recently graduated. And the stories that we keep getting hit
with shooting up a school, I'm sorry, a church, a church,
A Catholic church in Minnesota.
Speaker 3 (06:46):
Watching a younger.
Speaker 2 (06:47):
We'll talk about talk about that a little bit later
on in the program. I gotta get into that minding
her own business killed. And I don't even know what's worse. Honestly,
it's so bloody evil, the killing, but also the people
sitting around and not doing a damn thing, not lifting
(07:10):
a finger, not coming to this poor girl's aid. And
my kids are seeing this, and they again, they gotta
be thinking to themselves, So.
Speaker 4 (07:23):
What kind of world am I living in at this
point in time? Satan winning again and again and again
and again.
Speaker 3 (07:41):
Yeah again. I'm trying not to yell.
Speaker 2 (07:43):
I'm trying to keep my cool, but I think it's
I think it's normal.
Speaker 3 (07:49):
I think it's okay.
Speaker 2 (07:52):
I think it's okay to be really really angry about this.
Speaker 3 (07:58):
And again it, you know, doesn't help.
Speaker 2 (08:01):
Doesn't help when you see people going online and singing
songs and happy that this dad, dad, two young kids,
they're not coming home, He's not coming home to them.
(08:28):
People celebrating that. One of the things that Charlie and
I very much.
Speaker 3 (08:40):
Agreed on.
Speaker 2 (08:41):
And I get flack when I talk about this here
on the program or on the podcast, and I could
care less. Okay, we're not a secular country.
Speaker 3 (08:52):
Okay, we weren't.
Speaker 2 (08:53):
We were we were never ever they that that is
one of the biggest lies out there there.
Speaker 3 (08:57):
It's a super race to the church.
Speaker 5 (08:59):
Stay.
Speaker 2 (09:00):
No, it was basically, we weren't going to have a
state religion. Weren't going to have a state religion. You
can go take a look. You know, we pulled the
country together those individual states, and you take a look
at those individual states. You couldn't hold office unless you
were a God fearing Christian. Fact I've talked about John Adams.
(09:26):
John Adams knew you can't have you can't have a
free country. It's not possible to have a free country
unless the people within that free country fear God.
Speaker 3 (09:43):
It doesn't work.
Speaker 2 (09:45):
That's why we're failing as a nation right now. That
is why we are failing as a nation right now.
We have turned our back.
Speaker 3 (09:59):
To God. We've made ourselves God's right. My truth.
Speaker 2 (10:04):
That's we talk about. I've talked about that here on
the broh It's my truth. I have my own truth.
Speaker 3 (10:11):
I can do whatever I want. That's true freedom. No,
it's not, No, it's not.
Speaker 2 (10:21):
We've pulled away and you you think that some sort
of politician is going to be able to fix this. No,
until we decide to turn back to God, to fear God.
That again, it's gonna be a slip resalt. We're gonna
(10:44):
continue to head in this direction. You're gonna continue to
have schools. Shoot you gonnantinue to have all of these things.
Speaker 1 (10:48):
That's why.
Speaker 2 (10:52):
That's why, period the end you talk, take away, gun's
gonna do this?
Speaker 3 (10:56):
But nonsense. Evil begets evil. That's all we've got. Always
you're surrounded by it all the time.
Speaker 2 (11:10):
And this is a guy that was leading people back,
young people back. We've we do have a gay I'm not.
I'm not you know, no light at the end of
the tunnel. We got more young people going back to church.
You're seeing the numbers across the board.
Speaker 3 (11:31):
It's that.
Speaker 2 (11:32):
That's that's what we need to have happen. Don't tell
me it wouldn't be a much better country. Okay, Uh,
Separation of churches, what a bunch of malarkey. Guy killed,
guy killed, telling people get married, have children, build a life. Wow,
(12:02):
that it hasn't worked. That doesn't work. Of course it works.
Why didn't we have so many problems with crime. Why
do you think we have so many jails here in
this country?
Speaker 3 (12:16):
Follow us homes? Now.
Speaker 2 (12:18):
You can throw one government program after another, bloody government program.
Speaker 3 (12:22):
Effort's not gonna solve the.
Speaker 2 (12:24):
Problem until people figure it out, until they fear God.
Speaker 5 (12:36):
You know.
Speaker 3 (12:37):
I just I was in Italy.
Speaker 2 (12:40):
Last week and right we're gonna be opening up an
office there and it's very very excited.
Speaker 3 (12:49):
And I again.
Speaker 2 (12:52):
Did my pilgrimage the Vatican also, you know, I'd love
going how to go to some other places as well,
or Vito and seeing some of these true just and
if you take a look, you look at look at
some of the really take a look at some of
the paintings that they put up there, and the graphic
depictions of hell. Climb the climate Duomo in Florence, Italy,
(13:14):
Brunelleski's beautiful Duomo, and take a look. That's horrific, scary
pictures there on the wall. If people feared that, If
people feared that, and say, listen, this is where I'm
(13:37):
going unless I change my ways, I repent and I
do the right thing man, Anything.
Speaker 3 (13:46):
Wrong with that at all? I I am hoping.
Speaker 2 (13:58):
And I am praying That's what I'm telling my my children, okay,
who are so angry, so upset about this?
Speaker 3 (14:05):
I said, you know what, do something? Do something? What
do you mean to do something? Well, you know, do something?
What do I mean by you know? What do you
mean by that? But you know there was.
Speaker 2 (14:20):
State Ignatius talking about paraphrasing, and I'm gonna get it
wrong about you know, yeah, active if it's you know,
it's all in God's hands. But then you have to
go out and you have to do something about it.
I am hoping and praying that this Charlie's death burts
a million more Charlie's.
Speaker 3 (14:43):
More people that are.
Speaker 2 (14:44):
Going to actually start doing what we talk about here
on the program. Build, create, protect, and teach, find out
what your talent, what your ability is, and go out
there and make it happen. Get married, have a family,
(15:06):
have children. There's nothing else more rewarding in life, period.
And I talk about that in the terms of financial planning.
Speaker 3 (15:17):
It's time.
Speaker 2 (15:18):
It's not the stuff that you're gonna acquire. It's a
time you're gonna spend with your loved ones. That's what
it's all about. All of the things stuff you have,
it's not your stuff. You're a steward of this stuff.
That's all. These are the things that he talked about.
(15:44):
What is so controversial about that? Explain it to me.
We have to change our ways. I'm sick and tired
of seeing pundits. Auntie, oh this program, this politician's program,
and oh man, we talk about removing guns and knives
(16:06):
and all this stuff. They actually I think they made
in great Printain. I think that they wanted to outlaw
any sort of knives you can't even have in your house.
Speaker 1 (16:14):
Really wrong.
Speaker 2 (16:19):
You want the answer you want, you want to solve
life's problems, go to church. Watchdog on Wall Street dot
com is our site.
Speaker 3 (16:32):
I'm sorry for raising my voice.
Speaker 2 (16:33):
I'm trying to keep the cool, but again it's I
believe some righteous anger that I have. Watchdog on Wallstreet
dot com. Become a part of our family at Markowski
Investments Watchdog on Wallstreet dot com or give us a
call eight four seven one eighty four.
Speaker 1 (17:06):
Taking Wall Streets liars, crooks and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets, you know.
Speaker 2 (17:20):
I know, I probably say it's kind of I guess
a vanity thing. And you're not supposed to you're not
supposed to do that. I just once once would like
Bloomberg or the Wall Street Journal these places to give
me credit for the calls that we've been making here
on the program. It was funny Bloomberg's chief economists came
(17:41):
out and said that.
Speaker 6 (17:43):
While this job revision's number confirms, the recession started in
April of twenty twenty four, laughing, because, yeah, who told
you that anyway?
Speaker 3 (17:56):
Recession?
Speaker 2 (17:57):
Okay, I've written a lot about recession and how they
like to market recessions and talk about them a technical recession.
A definition is two quarters of negative negative GDP growth.
We haven't had that as far as the numbers, the
government numbers are concerned. However, Okay, if it walks like
(18:19):
a duck and it packs like a duck, it's probably
a duck. And we've had areas of our economy where
we've had incredible cap X expenditures. There's a lot going on,
obviously in the tech sector, as we've talked about here
on the client our clients are.
Speaker 3 (18:38):
Well aware of.
Speaker 2 (18:40):
Okay, However, most of the economy has been bogged down
in weakness, and we've been talking about that ad nauseum.
We told you we told you the revision's number for
the seven month period ending of Art of this year.
(19:01):
It was funny again, you know how everybody likes to
politicize everything. Everybody's to politicize everything. Trump's the thing, and
oh it's Biden's faultlessen, Okay, part of it was in
Biden's term, part of it was in Trump's term. The
problem with with Trump is is that he promises the sun,
the moon, and the stars. Is salesman, Okay, promises it,
(19:24):
and you know that things don't turn out.
Speaker 3 (19:25):
I wish you would just kind of say and be
honest with people.
Speaker 2 (19:29):
The economy was weak coming in, and as soon as
he taking the oath office, he shouldn't say on day one,
we're gonna have his boom craw job explosion, Everything's.
Speaker 3 (19:39):
Gonna be great. He just said, no, we gotta work
on this, okay.
Speaker 2 (19:42):
So you know that there was a lot of damage
that was done under the Biden administration and we're gonna
work our tails off and work our way through it.
Speaker 3 (19:51):
But that's just not his style.
Speaker 2 (19:54):
And again he and I obviously have style issues without
a doubt, as my listeners know. But yeah, John growth
revised down by nine hundred and eleven thousand jobs. Now
the problem as well is then you've got a lot
of people out there in the media that quite frankly
think that, and this is on the right. They think that,
(20:17):
like Jay Powell has some magic button at the FED
where he's going to lower rates and Crispig boom, all oh,
jobs are going.
Speaker 3 (20:24):
To be created everywhere.
Speaker 2 (20:27):
It doesn't work that way. It doesn't the things that
will help grow jobs. Some of the things are in
the big beautiful bill. You've got the ability to deduct expenses,
got tax cuts that are there, got to get rid
of regulations. But overall, there's still a lot of uncertainty.
(20:48):
I'm going to talk about this when we get back
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com
is our site again, our personal CFO program. Become a
part of the Watchdog and Wall Street family. Give us
a call as well. Eight hundred and four to seven
one fifty eighty four. You can sign up there.
Speaker 3 (21:04):
We'll be back.
Speaker 1 (21:07):
You're listening to the watch Dog on Wall Street.
Speaker 5 (21:26):
It's a little bit funny.
Speaker 1 (21:29):
This is the watch Dog on Wall Street.
Speaker 3 (21:33):
Good all out. One of my favorite screw up on
this stuff.
Speaker 2 (21:36):
Welcome back everybody. It is the watchdog on Wall Street Show.
I'm gonna run through some of the numbers here. Underemployment
in the United States. Underemployment jump to eight point one percent.
Speaker 3 (21:52):
That's the U six number.
Speaker 2 (21:55):
Full time jobs last support down three hundred and fifty
seven one thousand, part time jobs up five hundred and
ninety seven thousand, lost eighty thousand manufacturing jobs Since February first,
unemployment rate for young people at ten point five percent.
(22:16):
The number of people are not in the labor force
but still want a job rose by one hundred and
seventy nine thousand. The share of individuals are unemployed for
more than twenty seven weeks has rivesen two twenty five
point seven percent. Americans hit record low confidence in finding
new jobs since the tracking began. That is the reality.
(22:41):
And what I would encourage the president to do is
deal with reality. Deal with the terrain the idea out there.
You gotta again, you're gonna blame this on Powall. You're
gonna blame this on the FED. And if we only
lowered rates, we'd have more jobs. That's just not true, Okay,
it's not true that that's low information economics right there.
Speaker 3 (23:05):
Quite frankly, he is put into place.
Speaker 2 (23:11):
Quite a few pretty good things, and they're gonna start
working their way into the system. From the big beautiful
bill talked about that tax cuts, expenditures, not the no
tax on tips.
Speaker 3 (23:21):
That's not gonna do a damn thing.
Speaker 2 (23:22):
Okay, it's all about business and encouraging business to want
to go out there and build and create. What scares entrepreneurs.
What scares entrepreneurs is regulations, taxes. Well, the tariff thing
is a big deal, and we told you it was
(23:44):
a big deal. And the argument coming from the other
direction is, well, yo, inflation hasn't skyrocket.
Speaker 3 (23:50):
Everybody said inflationer's gonna skyrocket? No, no, we didn't. Can
pull up to take listen to the old watchdog on
Wall Street. Oh oh, okay, what do we tell you.
Speaker 2 (24:02):
We explain to you that inflation is going to be
it's going to be a slow frog boil. It wasn't
gonna be a big smack up side the head. A
slow frog boil where you put a frog in water
and you slowly turn up the heat and it doesn't
realize that it's going to die.
Speaker 3 (24:22):
It's gonna boil.
Speaker 2 (24:25):
That was a part of it. And also job cuts.
Businesses are gonna stop hiring. Many big companies out there,
people retire, they are not replacing those jobs. They're keeping
their powder dry. And yes, yes, the adaption of AI
(24:46):
is going to play a partner, there's no doubt about that.
But we have to get some sort of all clear
when it comes to tariffs, when it comes to trade.
This is one of the reasons why very critical of
the tariff policy. You want to add tariffs, okay, which
again it's attacks. We knew that they're coming. Okay, he
(25:08):
calls himself tariff man. Fine, you say, hey, guess what everybody, yep,
ten percent across the board, fifteen percent across the board.
Wash your hands of it, walk away. But all of
this confusion that's going on there, I can't tell you
the amount of emails and message I get from people
(25:30):
who have different types of business as client whatever it may.
Speaker 3 (25:33):
Be, that are like, I can't believe this.
Speaker 2 (25:35):
My input costs, this went up, my glass costs went up,
this went up, that one up.
Speaker 3 (25:39):
I don't even know how I'm going to handle this.
Speaker 2 (25:41):
They're gonna do this, and believe me, there's some winners
on this tariff thing. Without a doubt. Some people are
happy about this. It's benefited their business, but it's hurt
many others as well. Should again, I always talk about
the importance of making rules simple to understand, simple to use.
(26:05):
I always go back to Steve Jobs, and he did
an interview way back when nineteen eighties making fun. He
was making fun of the word processing software that was
out at that time was called word Star. Old people
like me, you're gonna remember this. It's like one of
the original word processing software. Do you remember the size
of the instruction manual? And Jobs knew this. This is
(26:28):
why you know his products. See, he figured it out.
You gotta make things easy to use. Simplicity is key.
And he said, no one's gonna understand the q's's and
all this stuff that you gotta do.
Speaker 3 (26:38):
You gotta read a novel to write a novel. Nobody's
gonna do that, and nobody did. He was right.
Speaker 2 (26:46):
The users man or, the instruction manual for the United
States of America needs to be simple. Okay, Ah, tariffs
go on, tariffs go off, raise tariffs.
Speaker 3 (26:57):
Here, how does the business deal with that company? And
all of a sudden, boo.
Speaker 2 (27:02):
We're just gonna nail India with another hire fifty percent
tef on that, and you're like, man, I just started
launched the product.
Speaker 3 (27:09):
I did the math on the product.
Speaker 2 (27:11):
And now the math doesn't work, and now I've lost
all my money. You can't do things that way.
Speaker 3 (27:17):
You can't.
Speaker 2 (27:19):
I hope, I hope it's going to come to a
conclusion sometime soon. When that happens, that's when you're gonna
really see the economy take off.
Speaker 3 (27:33):
Gotta take a break. Watchdog on Wallstreet dot com.
Speaker 2 (27:35):
Watchdog on Wallstreet dot com Again, We're here to help
and we help everyone out. We don't shut the door
to anyone. We're not one of those investment firms where
you have to have twenty thirty million dollars to work
with us. That's not Markowski, that's not the Markowski family.
Watchdog on Wallstreet dot com. Sign up for our personal
CFO program, my podcasts, newsletter, all sorts of great stuff
(27:57):
Watchdog on Wallstreet dot com, or give us a call
eight four seven eighty four. Well fun.
Speaker 1 (28:20):
The only man who is taking on the Wall Street establishments.
You're listening to The watch Dog and Wall Street with
Chris Markowski.
Speaker 2 (28:32):
A right welcome back everybody, Phil Collins, Philip Bailey, great tune. Anyway,
Another big problem, big problem that every again, everyone's put
their head in the sand, except we hear on the show.
We talked about this a lot over the past several
weeks and questions you know from people, you know, how
(28:56):
you know, how'd you guys know performance over the past
thirty years.
Speaker 3 (29:02):
Well, again, I don't believe government numbers.
Speaker 2 (29:06):
Okay, when I start hearing government numbers and they start,
you know something, I'm like, no, no. I try to
try to make this perfectly clear that you can be
your own, do it yourself economist. And again I have
I'm at an advantage, met advantage. I'm a national firm.
I've got clients all over the country, all over the
world for that matter.
Speaker 3 (29:27):
And we talked to them. We talk to them.
Speaker 2 (29:31):
We know what's going on in their business. We understand
what's going on in their business. My numbers are better
than the government's numbers. I also understand that you can't
just keep printing money forever and ever and ever without
debasing the currency. We have railed against the nonsensical portfolios
(29:54):
that were being touted by the big brokerage firms and
mickey Mouse firms and McDonald's firms out there, the sixty
forty portfolio, and they put you in some sort of
some sort of target date fund.
Speaker 3 (30:08):
And I'm like, you're gonna lose.
Speaker 2 (30:11):
You're gonna lose, You're gonna get a sub Now you're
gonna get a subpar return. It's gonna hit even harder
because guess what we told you. The value of your
money is gonna drop. We have been living in a
stagflationary environment since two thousand, quite frankly since well actually
(30:32):
you know, really got kicked in to get two thousand
and one, post nine to eleven again war on terrorist starts,
we start starting wars and spending trillions of dollars year
there and everywhere at covid on. On top of that, man,
you know, Clinton did leave office. Clinton did leave office.
And that's that's the best position we've been in financially,
(30:52):
you know since when, since prior to World War One?
And now we're thirty seven trillion dollars in debt. Economists again,
you know, I love making fun of economists here on
the program. Ken Rogoff, he's Nobel Prize winner. He actually
(31:13):
did a lot of really good work about the financial
crisis post financial crisis. Again, we called it before, but
he's the smart guy without a doubt, put out a
lot of good stuff, and he put out peace America's
coming crash. And many of the things that we have
been warning people about here on the program some time
(31:35):
are in that did this idea of people, and again
that it can't happen here.
Speaker 3 (31:43):
Is problematic. It is because it can listen.
Speaker 2 (31:49):
You know, we can keep printing, we can keep the
base in the currency that's technically a default.
Speaker 3 (31:55):
You're paying back debt with something that's worth less. But
we're all hurt by that.
Speaker 2 (32:01):
And this is why your portfolios need to reflect this reality.
Get to our website Watchdog on Wallstreet dot com. Sign
up for our personal CFO program. Get in the know
Watchdog in Wallstreet dot com.
Speaker 3 (32:14):
We'll be back.
Speaker 5 (32:16):
She looks me way.
Speaker 1 (32:32):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.
Speaker 3 (32:38):
You qut them back. I'm gonna share with you something.
Speaker 2 (32:49):
This is a piece piece that I wrote back in
twenty twelve.
Speaker 3 (32:54):
Twenty twelve. We've been very, very consistent and I don't care.
Speaker 2 (32:57):
And again, as my longtime listeners know I'm not a
member of any political party.
Speaker 3 (33:03):
Am I a conservative guy? Yep?
Speaker 2 (33:07):
I'm a conservative guy, libertarian guy. Believe in the Constitution,
and I also believe in sound math.
Speaker 3 (33:14):
Okay, we don't.
Speaker 2 (33:15):
We had the watchdog on Wall Street, we had Markowski Investments.
Do not believe that two plus two equals twenty. The
numbers have to align, they have to add up, and
they haven't for a long time.
Speaker 3 (33:29):
And you know, you take a look at what your
bills are.
Speaker 2 (33:32):
You take a look at the debasement of the currency,
take a look at past thirty years. You've lost over
fifty percent of the value of your hard earned.
Speaker 3 (33:41):
Money, your dollar.
Speaker 2 (33:43):
And if your portfolio is not pardon my French kicking ass,
you're You're in trouble.
Speaker 3 (33:52):
You're in trouble.
Speaker 2 (33:53):
You're you're basically spinning your wheels. You're basically paying your advisor,
your shlock broker, your private equity guy, paying them fees
for nothing. Piece I wrote, okay, this is John Adams.
I started off the article there are two ways to
conquer and enslave a country. One is by the sword,
(34:13):
the other is debt. I grabbed a couple others as well,
the budget should be balanced, the treasury should be refilled,
public debt should be reduced, the arrogance of officialdoms should
be tempered and controlled, and the assistance to foreign lands
by the aid of our own resources should be curtailed.
Who said that now, It wasn't Charlie Kirk, It wasn't
(34:37):
Chris Markowski. Nope, it wasn't Rand Paul or Thomas Massey.
Was Cicero for crying out loud nothing new under the sun,
Ben Franklin. If you know how to spend less than
you get, you have the philosopher's stone. When you run
in debt, you give to another power over your liberty.
(35:00):
Milton Friedman. The government solution to a problem is usually
as bad as the problem. Governments never learn, only people learn.
A nine piece that I wrote titled no Risk I
was making fun of Tim Geitner. Tim Geidner was being
I remember him, who was Treasury Secretary and Obama he
was actually being grilled on the debt. And I think
(35:24):
it was Paul Ryan who was grilling him on the debt.
And he basically said, there's no chance, no risk at all,
no risk at all, that America could default on their debt,
and they were making the comparison again, this is twenty
twelve to what had happened to Greece at the time. Okay,
no chance, no risk of that at all. Now I'm
(35:45):
gonna give you Watchdog on Wall Street life lesson number.
Speaker 3 (35:48):
I don't know, we'll call it one hundred and twenty four.
Speaker 2 (35:50):
Beware of anyone, anyone from the big Wall Street firms
or any other Washington DC politician bureaucrat that tells you
that there is no risk. If they're telling you that
there's no risk, they are, there's one hundred percent chance
that they are full of bull excrement, you know. The
(36:16):
Romans issued a gold coin called the Ors. The face
value of the original coin equated to the market.
Speaker 3 (36:24):
Value of gold in it.
Speaker 2 (36:26):
The Romans, much like we, the people here in the
United States right now, and other nations around the globe,
not just us, take a look everywhere, spend money haphazardly,
haphazardly money that we don't have. Public subsidies, military expenditures,
public works, huge government bureaucracy. The rulers of the Roman
(36:47):
Empire raised taxes, minted more coins to pay their bills.
Speaker 3 (36:51):
Coins were started to be issued.
Speaker 2 (36:53):
With less gold over time, and guess what, people lost
faith in the currency. Chinese rulers started issuing paper money
about one thousand years ago.
Speaker 3 (37:06):
They too realized that they could.
Speaker 2 (37:08):
Buy a lot of stuff if they printed a lot
of money, which is exactly what they did. Eventually, people
caught on that the paper money had no value, and
prices rose. In order to keep up the scam, the
rulers ordered death for the people who would not accept it.
Even nations with huge gold and silver reserves spent beyond
(37:33):
their means. Sixteenth century Spain was able to garner significant
quantities of the metals from the New World Right. King
Philip the Second managed to spend it all and then
some does that sound familiar? Wars shovel ready projects palaces
like the ls Corrial. King Philip defaulted on his debt
(37:56):
four times, even though revenue double During his reign. In
fifteen seventy six, phillips revenue was up by more than
fifty percent and his debt jumped by a third. His
last bankruptcy occurred when peak gold shipments were coming to Spain.
We can go on down the list talk about Germany
(38:18):
and uh, you know the reparations that they had to
pay and printing and go on and on and on.
Speaker 3 (38:23):
Zimbabwe.
Speaker 2 (38:25):
What makes what makes you think that we can't run
into problems here?
Speaker 3 (38:30):
Now, I get it, I get it.
Speaker 2 (38:33):
We you know, still the world's reserve currency status that
has afford us a lot quite frankly, but I get it.
At some point in time, at some point in time,
people are gonna, you know, say, hey, wait a second here,
you know, they got a default on this. There's just
too much risk involved here. There's too much risk in
lending American money. I'm going to demand more.
Speaker 3 (38:55):
Okay. That's the other thing as well.
Speaker 2 (38:58):
When you live in an inflation environment, you want to
get paid higher interest rate because the money that you're
getting paid back with is going to be worth less.
This is why, this is why we structure portfolios the
way we do. This is why we don't do that.
Set it and forget it nonsense. I've explained this before
(39:22):
here on the program. Most advisors out there are damn lazy.
Speaker 3 (39:27):
They're lazy.
Speaker 2 (39:28):
Well again, they they run a different business than we do.
They they're in the end many of these advisors actually
the entertainment business. I'm not in the entertainment business. I
don't have time to go golfing with.
Speaker 3 (39:39):
All of our clients all over the world. I don't
have time to go out to dinner four or five times. Here.
I'll have time for that.
Speaker 2 (39:44):
We're too busy working for you.
Speaker 3 (39:47):
Would you rather have us do that? Gotta take a break.
Watchdog on wallstreet dot com.
Speaker 2 (39:53):
Watchdog on wallstreet dot com. Don't go anywhere, We'll be back.
Speaker 1 (39:59):
Chris Markowski is the watchdog on Wall stret
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