Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
The United States dollar has crushed. Yeah, I know, you
probably probably don't know because nobody's talking about it.
Speaker 3 (00:28):
Nobody.
Speaker 2 (00:29):
You barely bareied anything on CNBC. Forget about it. If
Fox Business ain't going to talk about the dollar has crashed.
And I've mentioned this before here on the program. One
of the one of the Trump cheerleaders on their network,
Larry Kudlow, used to be all about the strength of
the dollar and king dollar and the importance of it.
(00:53):
What might be happening? Well, people, we have this massive debt, right,
thirty seven trillion dollars in debt. That what what?
Speaker 3 (01:05):
We we borrowed money? We borrow people lent us money. Okay,
we borrowed money in dollars. Could the Grand Plan be
too depress the US dollars? So we're paying back our
debt with something that is worth less? Ben done, Ben Zimbabwe, Argentina.
(01:35):
I give a myriad of other examples, you know, I
talked about it before. I have my one hundred trillion
dollars Zimbob waid Buck. It's it's not it's not a
good sign.
Speaker 2 (01:49):
And again, what this is going to do is it's
going to raise the cost of everything. Now, one would
think one would think if the dollar, the dollar is depressed,
that would make for foreigners or say, if we were
(02:10):
selling stuff in Europe, it would make our stuff cheaper
because the euro is stronger versus the dollar. They're not
buying stuff. No, how about that, Well, we know again
the TIFFs are not helping either of it. Even even still,
what's that mean? Well, that means, you know, aside from
(02:34):
the fact that we're paying tariffs now, which the tax
on us, we have to buy this stuff from other
countries and it's costing us more money because our currency
is worth less. That one might think that that it
might be a pretty big story. Nobody is talking about it.
Speaker 3 (03:01):
Again.
Speaker 2 (03:02):
I am from you know, years years ago. I was
involved in currency trading as ages ago, and this is
prior to the euro really being in full effect, and
there was a myriad of other currencies out there. I've
never I've never seen the dollar drop as hard and
(03:22):
as fast, as quickly as we've seen it happen in
this year again, you're gonna feel it. You're going to
feel it. Stoner or later.
Speaker 3 (03:33):
Hits Coming watched Darlin on Wall Street dot Com