Watchdog on Wall Street: Podcast for Weekend of October 19 - October 20 2024

The best of the Watchdog on Wallstreet

Episode Transcript

Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, handalyst, trader.
Chris Markowski is the watchdog Wall Street? 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 (00:28):
You can't handle the true.

Speaker 1 (00:29):
Truth bringing America the truth about what really happens in
the financial world.

Speaker 3 (00:35):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.

Speaker 1 (00:39):
This is the Watchdog on Wall Streets.

Speaker 4 (00:43):
I don't have you remember there was a There was
a commercial years and years and years ago. It was
for U Halt and moving, Moving as an adventure. Well
moving moving with two hurricanes is something else. I could
use a different word than adventure, that's for sure. But anyway, welcome, welcome,
everybody to the Watchdog on Wall Street Show. I do

(01:08):
apologize last week we had to run a best of
program simply because yeah, we got whacked and no power,
no internet. I didn't even have phone for an extended
period of time. But I'm not complaining. I'm not complaining Again,
all of you wonderful people out there, emails messages you
name it, reaching out asking how everything is going and

(01:31):
how we're doing down here, and you know, God, bless
you all, Thank you so so much for all of
your prayers. A lot of people got hit pretty darn
hard down here, but it's a resilient folk and cleaning up.
And you're watching a masterclass and how government is supposed
to be run in the state of Florida with Ron

(01:51):
De Santis. But I'm going to put that aside. We're
going to get into that stuff later on. Some thoughts
on the hurricane, and actually some economic thoughts as well.
I want to start off today. I saw a story
this past week. I did a bit of it on
it on the podcast. It had to do with income inequality,

(02:11):
the truth about income inequality here in the United States,
And you want to talk about a master of the
obvious story basically this They do this study, this extended study,
and they find out that gee whiz, the more you
work over the course of your lifetime, the more you earn. Shocker. Actually,

(02:36):
you had PhD economous people from the FED Vanderbilt Princeton
doing a study, wow, comprehensive study, the more you work,
the more you earn? And I thought about that a
little bit. And one of the things one of the

(02:58):
things that I get this oftentimes from the emails and
the interactions I have with our listening audience. And it's
hard for me to judge. I mean, we're on two
at some radio stations around the country. Also, you know
via the podcast and other ways that people consume media. Always, always,
in these emails, almost always, I always get that, Chris,

(03:20):
We really love, we appreciate how you talk about work
time and effort. If you're new to the program, that's
basically our belief system. Everything in life that has meaning,
value and worth involves work time and effort. And we'll
talk about that a little bit in what it means,

(03:44):
what it means about work. I again, I'm a big
believer overcoming obstacles, achieving goals makes life worth living. You
need to work hard in life, and you also need
to work smart. How does one work smart? Well? You learn,

(04:07):
You learn, you learn that you know what, uh when
you fall flat on your face, because it's gonna happen,
It's gonna happen. You're gonna learn from those mistakes. And
one of the things is you can't get discouraged by
the mistakes that you're gonna make, the inevitable mistakes, the
failures that you're going to make in life. Let me

(04:30):
tell you something. Errors and mistakes are assets if you
learn from them life. There's a line it was I
don't know one of the Rocky movies. It's you know
Sylvester Stallone when on this monologue he is talking to
his son. He's talking about how life is about getting

(04:50):
knocked down, getting knocked down and picking yourself back up again.
I talk about work. I again, there's the idea to
pay Oh. Yes, if you love what you do, if
you love what you do in your life, you never
have to work. That that's a lie. Okay. As much
as I love love my job and I'm blessed to

(05:15):
be able to do what I do, and I love
my clients, I love being in front of this microphone,
it's work. There are days, without a doubt, it's a grind.
I talk to you about this and the frustrations that
I have here on the program, and I'll get into
that a little bit later on in the program. Work

(05:37):
is not supposed to be easy. Achievement is not easy.
If it was easy, everybody would do it. You differentiate
yourself by how hard you work. I try to tell
this to kids all the time. I said, to treat
every single job, every single job that you have in life.

(06:02):
I don't care if you're washing dishes, I don't care
if you're pouring coffee. You work at that company, and
you treat that business like it's your business. You work
hard at it. You are going to learn, You're going
to put knowledge into your little database in your head.
You're gonna be appreciated, and you're gonna take that and

(06:24):
it's going to compound. Now, we talk about compounding here
on the program all the time. It's not just about investing.
I said, compounding is the royal road to riches, not
just not just with your money, but with the effort
that you put in, with the work that you put in,
with what you learn time time. What is that that

(06:50):
a lows you? The Chinese philosopher said, journey of a
thousand miles starts with the first step. Years ago, again
I talked about compounding being the royal road riches. That's
part of our rules of the road as far as
investing is concerned. But years ago I added some amendments
to those rules. I added something called patience and courage,

(07:15):
because you need to have both. I remember, I remember
when I first started, first started in this I'm two
room apartment in Queens, saving every dimonds when I had
to restart after leaving the big Wall Street firms. How

(07:36):
to restart my entire life, my entires I've built up,
and I had to restart saving anything I had. I
met this lousy desk that I had to put together,
made in China, piece of junk. And back in the day,
I was trying to build up my credibility from what
we were calling I was mass faxing. There was a
software program was called win Facts Producers. Foxing produces various

(08:01):
different topics, things that I was talking about around the
country every single day, putting things together, getting invited, appearing
as guests on these programs. Eventually, eventually that grind, little
by little, super said, hey, you know what you might
be good at this? Maybe you should be doing your
own program again. You know, doing that all day, going
in waiting tables and bartending at night, patience and courage,

(08:28):
putting the time in a lot of people say what
are you nuts? Hiight, what are you doing? I mean,
just leave, go back and work on another firm, go
do something else. What are you doing? No, no, no,
you need to embrace. Part of the time is that
you gotta learn to and I've talked about this. You
gotta learn to let's call it embrace the suck, putting

(08:51):
the time in, grinding, and it's everything I've talked about
it when it came to you. Remember when I was
playing football in high school and double sessions, and you'd
start off double sessions in August and there'd be seventy
some odd kids trying out for the high school football team.
By the time football start, Oh jeez, we'd be down
to thirty and a coach to say, yeah, you gotta

(09:13):
go through this, but it's gonna be worth it because
you're gonna be playing under the lights on Friday night
in front of the entire school and it's gonna be great.
And he was right. You need to embrace that putting
the time in because you know, sometimes people guy I
said to talk about patients and courage, sometimes things are
not going to go your way. And again, you don't

(09:40):
want negativity. You want frustration to eat you inside and
keep you down. Not only that, you also you also
want to be in one of those situations. I've talked
about it being in the waiting place, doctor Seuss's waiting place,
remember that. Oh the places you go, you're just sitting
around waiting for some going to happen, waiting for another chance,

(10:02):
waiting for this, waiting for the the opportune time. Oh
it's not the right time. That's nonsense. You go out
there and you make your way in the world, work time,
and then of course effort. My uh, my father again

(10:23):
for lately, I don't know what is again. He died
a few years ago. COVID and I have loved ones
from time to time. You know, you lose them for
a while in your dreams, but then sometimes they they
come back, and I don't know what has been. My
dad has been in my dreams a lot lately. And
as a kid it was one of the things again

(10:45):
he taught us many, many things, and one of the
best things he taught us is don't do stuff half ass.
Don't do stuff half ass. You're gonna do it, you
do it right, or you don't do it at all.
We we had this uh family janitorial business. My dad
was a school teacher and when I you know, when

(11:08):
I could drive, I had my own building. So I'd
go from high school to practice, grab a quick bite
to eat. Then I'd have to go clean an office building.
And my you know, brothers would come along, and my
dad was tough. He would spot check. He would come in,
he would spot check. He called it points. If there
was a spot on a faucet in a bathroom, or

(11:30):
on a sink, or a tiny little piece of paper
that we missed from vacuum, or a spot on the floor,
he would call it points. And he would deduct deduct
the pay that we received based upon that. And it
was it was everything that we did. Uh yeah, it'd
be in the you know, would it be weeding in
the backyard or mowing the lawn. It had to be

(11:50):
done the right way, putting that type effort in. You
do that, you do that, you're not going to get fired.
Oh that's court. Your company goes out of business, You're
not gonna get fired. You're gonna get noticed. Your bosses
are gonna notice you. You're gonna get raises, you are
going to advance. I think about and I quote it

(12:15):
all the time here on that program, you know, coming
to America. You know, the Louis Anderson bit, there ah.
I was like you guys. I was like you guys,
last year, now I'm washing lettuce. Next year I make
assistant manager, and that's when the big bucks start rolling in.
I mean, it was a comedic movie, but it's true.

(12:36):
Put you put that type of fire, that type of
effort into everything that you do. You're going places. Man,
you are. I do the same thing when I coach kids.
When I coach kids, kids was I'm coaching a game
and you know, kids make mistakes out there on the

(12:59):
field of metal level there. I'm like, it's okay, make
fast mistakes, go as hard as you possibly can, make
fast mistakes, learn from your mistakes, but go hard all
the time. That's the recipe, guys. That's it right there.
But let me tell you something. Okay, did what I
just tell you? It's simple stuff, right then, No advanced metrics,

(13:24):
no magical algorithms that Markowski just talked about. This is
wisdom of the ages. Simple stuff, but it's not easy.
It's not easy. Simple yet not easy. So I implore you,

(13:44):
especially younger people out there listening to the program. Now,
how this is being consumed by a podcast of various
different other things. Okay, they're okay, boomer, I'm not a boomer.
I'm gen X. Okay. Everything in life that has meaning
and worth involves work time and effort. Got to take

(14:06):
a break. You are listening to the Watchdog on Wall Street.
So yeah, we just so happened to be due to
work time and effort, the longest running financial program in
the country. We are here to help each and every
one of you out. Get to our website at Watchdog
on Wallstreet dot com. Sign up for our personal CFO program,

(14:27):
our podcast, our newsletter, all sorts of great stuff. Guests.
You know what when you get in contact with the Markowskis,
guess you speak to a Markowski Watchdog on Wallstreet dot
com or give us a call eight hundred four seven
to one fifty nine eighty four. We'll be back.

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Speaker 1 (17:59):
Bringing America financial freedom one listener at a time. You're
listening to The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (18:08):
I mentioned work being hard. One of the more one
of the hardest things about my job is that people
won't listen, people won't let that. I have to deal
with the fact that I watch the mainstream media lie.
I watch politicians lie. They actually have the goal to

(18:29):
go on air and talk about various different things and
not have a bloody clue at what they're talking about.
And one of those one of those things is inflation.
He's talk about inflation, and anytime the price goes up
with something, they're calling it inflation. That's just not true.

(18:52):
Inflation is due to monetary issues. It's due to the
printing of too much buddy money. I have to play
for you something and again I can't take credit for this.
One of one of our listeners sent this to me
and I was blown away. Okay, this is a Walt

(19:15):
Disney cartoon from nineteen sixty seven nineteen sixty seven. This
is Scrooge McDuck explaining to his nephews about inflation. Have
a listen, Uncle Scrooge.

Speaker 10 (19:32):
Why don't they just put up a few billion or so?
A few billion?

Speaker 2 (19:37):
Oh, dear lo by that a billion?

Speaker 10 (19:41):
How it's abused. If it weren't so frightening, I'd be amused.
Folks have no conception how much you're doing this. Hut
a million, Lord Rock, See what I mean? They were
nowhere near only one hundred thousand years.

Speaker 1 (20:02):
Pick one up a second.

Speaker 10 (20:05):
Day night without a break. In thirty two years, you'd.

Speaker 1 (20:09):
Have them all.

Speaker 4 (20:11):
But oh, your blackwood age.

Speaker 2 (20:14):
Carry a lot.

Speaker 10 (20:16):
I now print several billion, and see what you've got.
But unless something's behind it in the treasury.

Speaker 4 (20:22):
Something behind it, something solid and secure.

Speaker 2 (20:27):
Like me, we'd have inflation.

Speaker 8 (20:30):
Inflation.

Speaker 10 (20:32):
Oh that's a mess. Your money would be worth less
and less. I might take this hatful. I dare say
to buy what your piggy bank would buy today. A
dollar wouldn't be worth the paper it's printed on.

Speaker 4 (20:48):
COO, I'll cut it right, think John, cut it down? Yeah, listen,
that's walk disney an. You think about this as a
Disney cartoon for crying out. I'm teaching kids about inflation.
In the late nineteen sixties. I don't even know what cartoons,
what garbage they're putting out there today. But that's how
it works. People, it's a monetary issue. Well again, I

(21:12):
just a lot of younger people. It's this program as well.
You need to understand something. Okay, you're gonna pay one
way or the other for all of these government spending,
all of these programs that these politicians are pushing. Free
money for this twenty five thousand dollars for our house,
fifty thousand dollars do business. It's again, it's like it's

(21:33):
like an FM radio station from the nineteen eighties, kard
out Louder giving away cash. We don't have the cash.
We racked up another one point eight trillion dollars in deficits.
Where does that money come from. It's printed. It's simply printed,

(21:58):
that's all. And when you print that much money, the
value of it drops. This is why everything is that
much more expensive. And again this is in everything. People
take a look and the funny thing is, oh wow,
look at the stock market. Look at how great the
market's done. And I got Chris Man, you've done so

(22:19):
great with your portfolios. Markowski, you've done great, Yeah we have,
but I can't take credit for it all because guess what,
Inflation has helped push up the value of these assets
as well. That is the reality, people, and that's what
people fail to understand. You're gonna either pay for all

(22:41):
of this nonsense and taxes or just like Scrooge was
explaining the value of your money drops, that's inflation. Stop
listening to these pandering politicians with their handouts and give.
First thing you should think of is where are they
going to get the money from? Oh, we'll make the

(23:04):
rich pay their fair share. We could confiscate the wealth
of the top one percent and you know how much
it would pay for eight months eight months of government spending.
What's it? Watchdog on Wallstreet dot com. Watchdog on wallstreet

(23:24):
dot com again. Become a part of our family. Get
to our website, our personal CFO program, all sorts of
great stuff. Watchdog on wallstreet dot com. We'll be back.

Speaker 1 (23:39):
Chris Markowski is the Watchdog of Wall Street, taking Wall

(24:01):
Streets liars, crooks and sheets out behind the woodshed. You're
listening to the Watchdog on Wall Streets.

Speaker 4 (24:12):
Welcome back, everybody, Ah right, listen again, I talk about
our Personal CFO program, what we're doing for people all
over the country, what we've done for people all over
the country for the past thirty years. We're different. We're different. Yeah.

(24:33):
Do we run a family office environment. Do we help
everybody with their taxes if need be? Do we help
them with a state planning, if they need to manage
the money? Of course we do. And everyone is unique
and different. It needs different things. But one of the
things that separates us is that we help everyone. We
don't have a velvet rope up at the door. Everyone

(24:54):
is invited to work with the Markowski family and our clients.
I'm just telling you people, take advantage. Get to our website,
sign up for our personal CFO program. We're gonna be
speaking with one of us. We are going to help you.
Go to Watchdog on Wall Street dot com. Sign up
for there, learn more about us, learn do your homework

(25:16):
in regards to what we have done, what we've accomplished,
what we've done for our clients over the past three decades.
And I get this all the time, You know, Chris,
how come you guys don't start a fund? How come
you haven't start an ETF or a mutual fund or anything?

Speaker 11 (25:32):
Like that.

Speaker 4 (25:34):
Reason being is it's we can do a better job
with performance. The way we're doing things again to be
a hell of a lot more profitable for us to
run fund help a lot easier, that's for sure. Everyone
buys everything at the same time, everyone sells everything at
the same time. It's all you run it by numbers,
piece of cake. That's not who we are. I'm gonna

(25:57):
sound all cliche, but we're Everybody is unique and different.
Everyone has different wants and needs. Everyone's portfolio should be
bioidentical to what they are and where they what they're
what their risk tolerance is, where they're going, what their
stage and life is. You you as being and building

(26:20):
portfolios for individuals, is it gives us a distinct advantage
over funds or everybody else. We have more flexibility in
regards to how we go about doing things. And it's
one of the reasons why. And I'll get into this
a little bit later on in the program. I never

(26:42):
give a recommend never given a recommendation on air, but
I do have to tell you this though. Okay, we
do have rules. We do have rules. Put this way,
is it our way or the highway? Yes? It is, Yes,
it is again. I am not going to ruin my

(27:03):
family's name, my firm's name by doing stupid stuff. I
take this back to the nineteen nineties for crying out
loud and everybody I was selling my blue chip call
my hand that I would just buy tech stocks. No,
now you want to go do that, You do that elsewhere?

(27:24):
You want to. You want to not You want to
just hold on to things that have become extraordinarily over valid.
You don't want to listen to what we're telling you. Well,
guess what, you can take your account and you can
go with it elsewhere. That that's you. That's when we
lose accounts at Markowski Investments. Okay, as we say, you
know what I'm not going I will tell you I'm
not gonna do that. If you want to do it yourself,

(27:46):
you think it's smarter than we are, go ahead, go
do it. Go do it on your own, and you're
going to lose countless times because sometimes certain people you
may work at a company, for example, you may we're
gonna go ge an example Enron. I go back to
the nineteen nineties, go back. People worked at Enron, and
you know they were giving stock options to these people,

(28:07):
and as his stock was going up, and I'm like,
you gotta diversify, you gotta get out. No, this is
the greatest company.

Speaker 12 (28:13):
In the world.

Speaker 4 (28:14):
Oh why would I ever sell that company? Yeah? How'd
that work out for you? If you were taking profits
along the way, if you were diversifying, you did just fine.
There was actually a recent lawsuit. There was a recent lawsuit.
Some guy actually sued he he made He took eighty
He took eighty eight thousand dollars and he levered it

(28:37):
up and bought Tesla options and turned it into four
hundred and fifteen million. And he refused to take profits
off the table. And this is all during the run
up in Tesla is during COVID. During that period of time. Well,
the trade went in the other direction and he lost

(28:58):
it all. He bought it on margin, he did it
through options. He again, he hit a lot of ticket
in something, but he refused to take profits off the table.
You cannot be a damn pig. You have to reallocate assets.

(29:18):
That's what works. You need to learn people that you're
never gonna get in at the exact bottom and you're
never gonna get out at the exact top. This past week.
A h what are my peers out there? And a
guy have an unbelievable amount of respect for Stanley Drug
and Miller, Salley, Drugg and Miller. If you're not familiar
to who he is, just just googleim. Okay, he was

(29:40):
being interviewed, and he was he was lamenting to a
degree the fact that he sold his entire position in
in Nvidia a year ago and the stocks up like
one hundred and thirty something percent since that point. I'm more,
but he still made a fortune on the company's Yeah,

(30:00):
you know, it's kind of you know, in jests, I'm
kind of licking my wounds with that decision. But it's
okay because guess what, he's still made a fortune. There's
nothing wrong with that. You cannot you cannot being an
investor in that way. You take advantage of what is
presented to you. And if you do that and you

(30:21):
reallocate assets, you're gonna do well and you're going to
build wealth over time. That's what works. That's what works people. Again,
like I'm talking about work, time and effort. It's simple,
but it's not easy. Gotta take a break. Watch Dog
on Wallstreet dot Com. Watchdog on Wallstreet dot com. You

(30:44):
want to start doing things the right way that that's
up to you. What you do is you go to
our website and sign up for a personal see a
vote program, or you the phone you dial one eight
hundred four seven Avy Voice. I want to talk to
Amarkowski and guess what, You're going to get a call
from us and we're gonna get in contact with you
and you're going to start making money. Watchdog Awrollstreet dot com.

Speaker 13 (31:12):
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We were put at ease with Meta share walking with
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It's very intentional how they try to bless people when
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Speaker 13 (31:45):
They and their four kids thank the Lord not only
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What we put towards meta share is going to be
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Speaker 11 (32:13):
This is Colonel Dani Gillam, the host of front Line
of Freedom, your military talk radio show. Now the diversity
in the military has become a political punching bag. The
share of veterans running for Congress who identifies minorities ticked
up this year compared to the last election. Overall, fewer
veterans will be on November's ballots than in twenty twenty two,
but about twenty two percent of those Republican, Democrat, and

(32:35):
third party candidates this year are minorities, compared with about
nineteen percent two years ago. According to the Political Action
Committee With Honor, which supports veterans running for Congress who
commit to work across party lines quote. The country is
also getting more diverse which, of course the military's reflection
of that. Said Ry Barkoff, co founder of With Honor

(32:56):
and a Marine Corvette quote. Both parties are aware of
this as well and are interested in recruiting more minority.

Speaker 1 (33:02):
Vet members end quote.

Speaker 11 (33:05):
And as normal, the majority of the veteran candidates are Republicans.

Speaker 1 (33:09):
Thank you for joining me for I met it with
a colonel. This is the Watchdog on Wall Street.

Speaker 2 (33:34):
Read it.

Speaker 4 (33:37):
Listen, listen, listen, listen carefully. Listen very carefully to this show.
Listen very carefully to our podcasts. Don't doubt me. Don't
doubt me. My kids asked me, dag I gotta get
you for your birthday or for Christmas. I'm like, what

(33:58):
you need to do is you need to go out
and you need to get a shirt printed up that
says don't doubt me. Buy me a couple, get me
a sweatshirt, T shirt. I'll just wear them and then
you could just look at my shirt and then you'll
know don't doubt me. If you listen to this program. Again,
we do not do not make specific recommendations here. Why

(34:20):
because a buy for you may not be a buy
for your neighbor. Not to mention the fact, if I
come on the program like these idiots do on CNBC
and say buy XYZ, everyone goes out and goes nuts
and buys too much of XYZ because you know what,
people guess what. I could be wrong. I could be
wrong not to mention the fact that you need to
be diversified. It's not a good thing. That's not what

(34:44):
we do. Would never ever do that. It's wrong. Quite frankly,
I can't believe it's legal. But anyway, neither here nor there.
A couple stories this past week talking about Amazon is
going to invest five hundred million to build modular nuclear reactors,
Google backing new nuclear plants to power AI. We told

(35:10):
you this was coming if you were listening, like I said,
if you listen carefully here to the show and what
we're talking about. We don't give specific remunation, but we'll
tell you trends and things that we see coming down
the pike, things that we think are going to happen.
Another thing I want to mention I mentioned mentioned Enron again.

(35:30):
That was one of the things that helped us here,
kicked us into gear Markowski Investments back in the nineteen
nineties because everyone thought I was an idiot. I put
out a column entitled Understanding Enron, and at the time,
all the talking heads on Wall Street, all the gurus
on TV were saying Enron was the greatest company ever,

(35:52):
was Fortune Magazine's most innovative company, best company? What was it?
Five years in a row? So I just have to
Smarkowski guy on will make fun of them. Yeah, how'd
that work out? Listen, people, there's ways that you can
see through the bull excrement. More often than not is
I played the game. I just don't get it. I

(36:13):
don't do it as much as I used to, but
I basically analyzing individual companies. But again, funky financial statements
will tell you a lot as one way of seeing things.
If you can't read a financial statement, income statement, balance sheet,
cash flow statement and spot all the funky things in it,

(36:33):
then you most certainly need some help. Watchdog on Wallstreet
dot com. Watchdog on Wallstreet dot com. We'll be back.

Speaker 1 (36:40):
Oh, you're listening to the Watchdog on Wall Street, the

(37:02):
only man who is taking on the Wall Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (37:17):
Welcome back, everybody. I you know my home was without
powers at day or two ago and staying in a
hotel and kind of board and uh, you know, just
I watched a little of a show on the weekend,
late at night. There's a CNBC show and I've known about,

(37:40):
I never really watched. It's entitled American Greed, and I
get to the determination that's probably one of the most
important shows that is on CNBC. Hey again, they got
you know, I like squawk Box in the morning, and
then they should probably air a lot of American Greed
over the course of the day because you're gonna learn
more about how to avoid pitfalls and scams and ripoffs

(38:02):
by watching that. It's actually kind of similar to some
degree to what we did here on this radio show
back when we first got started, but spend the bulk
of the show going over ripoffs, scams, fraud and how
to go about avoiding them. And as I mentioned earlier
on in the program, it's one of the more frustrating

(38:23):
things for me. And what do I mean by that.
I described it here in the past. It's my Sissaphian battle.
Pushing a rock to the top of the hill, rolls
back down on top of me again and again and again.
It's like I know what's going to happen. I see
things that are taking place. I see investment scams, I
see ripoffs out there. Listeners will ask me about this that,

(38:46):
and I try to warn them, and you know, they
don't listen. They don't listen, and I know that they're
going to lose. Said, put yourself in You know, you
wake up in the morning and you can you all
of a sudden have the power to see the future

(39:07):
and misfortune that's gonna come by people, and you want
to warn them, and they don't listen to you. Do
you understand how frustrating that is frustrating to me? Rushing me.
I've been at the front lines that I have been
doing this, like I said, this radio show for twenty
five years, trying to warn people about things. There was
a story this past week that brought up, quite frankly,

(39:30):
bad memories. Bad memories. I think it was I started
going off on this back in I had to be
about two thousand and four, two thousand and five. There
is this guy. There's this guy out there, you remember him.
He was everywhere Alan Stanford. Alan Stanford. He had this finance,

(39:51):
Stanford Financial, out of Houston, Texas, and he had advertisements
on all the radio shows, on the business networks out
there publications. Oh, this guy had his own plan. He
was sponsoring sporting events, all this stuff. Standford Financial, This
guy was great. He was providing people CDs, that's right,

(40:14):
that's what he called them, certificates of deposit that had
rates of return that were three four times as much
maybe more than that was being offered by the bank
near your house. This was out of I'm not making
this up, the Bank of Antigua. Now. As soon as

(40:37):
I saw this, okay, and anybody that knows anything about
money or finance knew that this was a scam. There's
no way I know how banks operate. It's really not
rocket science, right. They borrow money at a certain rate,

(40:57):
or get money at a certain rate, and they lend
it out at a higher rate. How in the world
is the Caribbean Bank of Antigua giving certificate of deposit
rates three four five times higher than the prevailing rate
here in the United States? How are they capable of
doing that? But this went on for years? This Allen Stamford.

(41:23):
You try, I mean billions and billions and billions of dollars.
The claims in this is close to five billion dollars
and don't tell me the SEC didn't know. Don't tell
me that Finrid didn't know, because anybody would anybody would have.

(41:44):
I'm sorry, I don't want to be mean. Because people
lost money with this, you had to think a little bit.
What do I say? Every single week? The world's second
oldest profession is get rich quick connors. People want to believe,
they do, they want to believe. Well in New York
Times past week's story talking about the multi billion actually

(42:08):
seven billion dollar fraud and how finally this guy got
nailed in two thousand and nine. Two thousand and nine,
you mean to tell me it took that long to
get some of this money back what they recouped back
to investors, I'm here to tell you that's by design.
It allowed more Wall Street types to convince people who

(42:29):
lost money to sell their claims to them. That's right.
Hedge funds went out and bought the claims from people.
Keenny's on the dollar. They're gonna get paid out now.
Not to mention the fact, if you don't think that
the lawyers that were involved with this, all this litigation
behind us is by design. It was a scam. Why

(42:53):
does it take fifteen years to get this on. Fifteen years. No,
it takes fifteen years because you get a lot of
crooked look out there with their billable hours making a
fortune off all of these victims. I'm sorry, I'm trying
not to yell, but it makes my head want to explode.
The veins are popping out of my head right now.

(43:14):
Understand my frustration. Okay. We warned you about Madeoff, We
warned you about Edron, We told you about the real
estate collapse, a dot com colaps, we told you about
Alan Stanford. But I said, don't doubt me, stop being
a victim. Stop me it please, is gonna be much

(43:35):
better for my blood pressure, deep breath, serenity now, Markowski.
But these things come down the pike again and again
and again. What don't we tell you everything in life
that has meaning value in Martha Mouse, work, time and effort.
There's no quick fixes. Someone presents to you, Oh guarantee this,

(43:58):
and it's above market. It's not real, it's fake. Get
the help you need. Get to our website, Watchdog on
Wall Street dot com, Watchdog on Wallstreet dot com, our
personal CFO program, Account Repair. We are here to help
you watchdog on wallstreet dot Com. We'll be back. Do

(44:21):
you want.

Speaker 2 (44:23):
Oh, you're too real.

Speaker 1 (44:29):
Chris Markowski is the watchdog on Wall Street. Well, no
one author, investment banker, consumer advocate, analyst, trader. Chris Markowski

(44:54):
is the watchdog on Wall Street. 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 (45:08):
You can't handle the true.

Speaker 1 (45:10):
Bringing America the truth about what really happens in the
financial world.

Speaker 3 (45:15):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.

Speaker 1 (45:20):
This is the watchdog for Wall streams.

Speaker 4 (45:24):
Alrighty, you you all realize you're watching the show, right
You're getting played. Well, you guys have been listening to
this program for some time. One of the reasons why
people tune into this program, and again why we financial
show but we talk about politics, is because we're in.

(45:45):
We're it. Name another program out there that will honestly
break down the policies of these politicians, these would be
leaders of ours, and explain to you what works, what
doesn't work, why why they work, why they're not going
to work what it's going to cost you. Nobody, nobody

(46:06):
in the mainstream media has no desire, no desire to
do that at all. It's all the fichthy fell. Oh
my god, what are they promising. They don't break down
what this stuff is going to cost. Anyway, We're gonna, obviously,
we're gonna do a little bit more of this leading
up to the election. This past week, I had the

(46:32):
misfortune of listening to Kamala Harris give several interviews and
we've been watching her all along, and I'm watching I'm
watching her get words. We've talked about her word sallence
that she puts out there. And a bit from a

(46:53):
movie again HadAM Sandler movie from way back when and
titled Billy Madison. Well, in this movie Madison, basically Adam
Sandler is a rich kid brat as darm as a
box of rocks. He's supposed to inherit all his money,
but he doesn't know a darn thing. His father makes
him go back to school. He's got to start in
kindergarten and he's got to go all the way through

(47:14):
and pass all of these grades in order to inherit
his wealth. Well, there was a scene where Billy is
to do a debate in high school and he's asked
a question about the Industrial Revolution or something like that
and how it meant to literature, and he gives this
answer that is so bad, makes no sense whatsoever. I'm

(47:34):
listening to Kamala Harris this week, and immediately I had
to find the clip. I was like the demoderator in
the debate said this thing to Billy after he gave
his answer to his question. There was priceless. This is
exactly what I'm thinking after I listened to Kamala Harris.
Have a listen, mister Madison.

Speaker 12 (47:53):
What you just said is one of the most insanely
idiotic things I have ever heard. At no point in
your rambling, incoherent response were you even close to anything
that could be considered a rational thought. Everyone in this
room is now dumber for having listened to it.

Speaker 4 (48:15):
I award you nope, and God have mercy on your soul. Anyway, Yeah,
Billy Madison, Kamala Harris, she did this Fox interview, and
I'm gonna explain to you why she did this Fox
interview again. You're constantly inundated with information social media, various

(48:38):
different pundits saying different things. These people that go on TV,
they have no interest in the truth. That's not their job.
They're not job. Their job is not to go on
TV and tell and actually say what they think. It's
what they're told to think. This is how useless most
of your mainstream media actually is. You are sitting and

(49:03):
listening to people that are paid to say something. Yeah,
I've explained this to you before. I learned this a
long time ago, all the networks. I explained you. I'm
sitting at the green room at Fox News going waiting
to go on air to talk about social Security. I'm
ever ready to debate Bob Beckle. You remember Bob Beckle.

(49:27):
Bob Beckle didn't know a damn thing about social Security,
didn't know a damn thing. His job was just to
go up there and argue with me. That's it. He
told me to agree with nice guy. I really don't
understand this stuff, but that's his job. He is a
paid contributor to say something. Kamala Harris did this interview, Okay.

(49:49):
The reason why I did. They're not going to tell
you this is because they're obviously concerned about their internal
polling is not working. Out. If she was way ahead
at this point in time, like they're telling you she's
way ahead, there is she would be hiding out in
Joe Biden's basement. There is no way she would have

(50:11):
gone on Brett bar That's the reality again. Once you're
able to again any start, you see the matrix. You
start seeing what they're trying to sell you talk about
that the conventional wisdom's being poisoned, the narratives. What is
the media trying to sell you? Why are they trying
to sell you this that or whatever it may be. Anyway,

(50:36):
as I go off on Kamala Harris, as listeners know,
I get crap all the time. We're honest with you.
I'm an equal opportunity basher here on the program, and
people get upset with me. They do you are? Why
are you going after Trump? Why aren't you can't do that? Too?
Close to what I listen? Did?

Speaker 12 (50:58):
You?

Speaker 4 (50:58):
Would you really? You want me to be like everybody?
I would never do it. I would never do it again.
You know, I've got to live with myself. I gotta
look myself in the mirror every single day. I couldn't
do that. I couldn't be a paid contributed to take
a certain position, whatever it may be. Couldn't do it,

(51:20):
been asked to do that? What are you crazy?

Speaker 15 (51:24):
No?

Speaker 4 (51:26):
Anyway, I've gone off on Donald Trump and his h
to me is nonsensical tariffs that he keeps pushing. I watched,
I watched twice, watched twice, and I actually went back.
I actually went back and watched other times he's talked
about tariffs and what he wants to do. And I

(51:47):
actually went and to my library and I said, I
got Trump's book here somewhere, and I found Art of
the Deal, and I started leafing my way through it.
And I'm listen, I've come to a bit of an epiphany,
my big fat Trump tariff epiphany. I I don't. I

(52:12):
don't believe half of what he's saying. I don't. Again,
you what kind of keep me off? When this speech
this past week he was actually talking about with this
moderator there, uh from his name from Bloomberg at this
the Chicago Economic Club uh interview that he had, and
he was talking about how he was negotiating the price

(52:35):
down for a new Air Force one and how he
got a price and how he walked away. Now I
for one, and I'm being honest. It's one thing I
am not good at. I don't like doing. My wife
does that. I do not like taggle, I don't. But

(52:55):
but when I'm making a major purchase, I say, like
a car, and I get the price and I okay this,
and I don't like star say okay, this is the
best thing. Yeah, this is the best we do, thank
you very much. I walk away. My dad taught me
this too. I walk away. And Donald Trump mentioned that
they's walk away and then they'll call you back. They're
gonna eventually call you me. Wait, week two, week three,

(53:17):
they're gonna call you back. They'll give you a better
price again. I'm watching this, and I'm watching but some
of the tariffs that he's talking about and what he's
saying there, and I get it. I'm starting to get
it right now. This he's not talking. He's not so
much talking to the general public. He is basically talking

(53:39):
to Xijianping and he's talking to that. That's how I
hope I am not wrong. I honestly, I hope I
am not wrong. But I think that's what he's doing
right now. I mean, I saw a story this past week.
You know basically what Europe wants to do when it
comes to regulating American companies and why they're regulating American companies.

(54:03):
You go back to two thousand and eight. Do you
know that the GDP of Europe was the same as
the United States? We're not. Our GDP is seventy five
percent larger than Europe's since two thousand and eight. So
how are they gonna knock us? You know how? They're

(54:24):
not competing, they're not doing the things that are necessary.
They're not being more competitive, they're not lowering regulations. So
what they have to do, they're gonna have to knock
America down to size. And Trump actually said, hey, listen, yeah,
he was talking about Mercedes Benz Mercedes. Yeah, I got
a factory here in the United States, but they make
everything over in Germany and they just assemble it here.

(54:44):
They said a child could do that over here. He's
basically late. I always tell you this is what's coming. Okay,
we're not We're not. We're not gonna be taken advantage
of anymore. And I agree with that. I do am
I a fan of terror. Do I think that tariffs
are gonna fund this country?

Speaker 14 (55:05):
No?

Speaker 4 (55:07):
No, I don't. I don't believe it. I'm quite frankly,
I don't think he does either. I gotta talk about
this list of ridiculous campaign promises because we are talking
about the silly season here and again be critical of

(55:28):
both sides.

Speaker 10 (55:29):
Uh.

Speaker 4 (55:30):
Donald Trump is throwing stuff at the wall, seeing what's
gonna stick to. He's doing it differently than Kamala Harris.
But I'm telling you stuff that's not gonna happen. Okay,
Donald Trump calls for making car loan interest tax deductible.
Sounds good, sounds good, But is it good?

Speaker 1 (55:48):
No?

Speaker 4 (55:49):
No, okay, it is a bad eye doa. It's a
bad idea. What do you mean that's great interest on
your cars? All that's gonna do, all that's gonna happen.
Is this going to raise the price your car? It's
a wash. It's going to raise the price of your
car you have. The car companies are going to recognize

(56:11):
saying ooh, okay, people are going to get a tax deduction. Okay,
then we can raise the price because they're going to
feel like that, oh they're getting the deduction. That's how
subsidies work. That's how these these tax breaks, these tax
loop holes work. It's just a function of what you're
able to afford. That's how people price their products. And
this is a part of it. Taxes are a part

(56:33):
of it. So again i'll take stuff that's not gonna happen.
This one Kamala Harris, and she put forward this. She
must not be doing well with the black vote. So
she put out this idea that Okay, if you're black,

(56:54):
you can get what was it, a twenty dollars, twenty
thousand dollars in free money if you want to start
a business, and you are going to be on the
top of the list, if you want to open a
pot business.

Speaker 1 (57:07):
That that.

Speaker 4 (57:09):
I mean, it has to be the most racist campaign
promise I've ever seen in my entire life, without a doubt.
First and foremost, First and foremost, it's unconstitutional. It's unconstitutional.
The Biden administration tried this crap. They tried to give
out these special loans for farmers that were Pacific Islander, Black, Asian,

(57:34):
and Latino. And the court says, you can't do that.
You can't do that. It's unconstitutional. You can't you can't
just choose by race and say here you go, here's money.
That actually, later on she came out and said, oh,
it's not going to be just for black people. It's
going to be for anybody who wants to start a
Businessre's another twenty thousand dollars. Again, we've become the country
FM radio station. Nineteen eighties were given away cash. But

(58:00):
do you understand how degrading that is? Like, oh, oh, oh,
you black people, you black men out there. You you
guys can't compete against everybody else. So the government's gonna
give you money. Oh and you know what, We're gonna
let you guys sell pot. I mean, it's just like

(58:23):
a Dave Chappel skit. Again. I can't think of anything
more racist anyway. Anyway, this you know, expect, expect more
nonsense coming down the pipe. But one of the things
you need to understand, Okay, uh, these things ninety plus

(58:47):
not going to happen, and if you think about them,
they're unfeasible. Again, I watch people at these rallies clapping
for these things, and I'm like, come on, people, you
need to be smarter than this. Yeah. Again, when when
when a politician promises you, something promises you, when you
think about how is that gonna happen? I always go

(59:09):
back to that that Simpsons episode Trash of the Titans,
when Homer Simpson becomes head of the trash department of
Springfield by promising at amphibious trucks that the garbage men
were gonna change your kids diapers, they were gonna wear
fancy uniforms. But he delivered on his promises and he
bankrupted the garbage department. These things are not going to

(59:34):
go through. They're just not again, So you gotta look
at the underlying principles of these people, what you think,
what is actually possible, and what they're going to do.
Because again you want to talk about deficits, you want
you want to talk about inflation. I talked about earlier
on in the program Scrooge McDuck, what he teaches us

(59:54):
a printing money. This stuff is just not gonna happen.
Gotta take a break. Watchdog on Wallstreet dot Com Watchdog
on Wallstreet dot Com again. Become a part of the
Watchdog on Wall Street family. Take advantage of all the
great stuff we have personal CFO program, our podcast, our newsletter,
account repair kits, you name it. Watchdog on Wallstreet dot Com.

(01:00:19):
We'll be back.

Speaker 16 (01:00:26):
Remember when the only uncertainty in news was the weather forecast.
Now our world is clouded by half truths, misdirection and gaslighting.
The delusual lies from leftist activists posing as journalists is unrelenting.
At the New American, we hold fast to the timeless
truths of our founders, a refuge of honest reporting, sanctuary

(01:00:49):
in the storm. Thenewamerican dot Com subscribe today.

Speaker 9 (01:00:55):
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Speaker 5 (01:02:25):
An evergreen moment. Why the most conspiracy theories drive a
negative rather than a positive narrative. The sky is falling,
We're doomed. Nothing we believe in is true, folks. It's
almost all entirely negative nonsense. Even future sciences speculation seems
bent on saying everything that is is not. Have faith

(01:02:46):
in nothing. Don't believe your eyes and ears, and especially
not your heart. It's called a negativity bias. We're hardwired
that way. We register fear, threat and rejection more powerfully
than we feel the joy of praise. It's curious most
folks don't sit around pondering great possibilities, but rather hunting

(01:03:06):
for dire consequences to share. Let's be cutting edge different.

Speaker 4 (01:03:11):
Life truly is.

Speaker 5 (01:03:12):
Beautiful and it's only gonna get better. Think of something
positively great and true, and then share it fire and wide.
Find us at cultural snapshots dot com.

Speaker 1 (01:03:33):
You should believe in math, not magic. You're listening to
The Watchdog in Wall Street with Chris Markowski.

Speaker 4 (01:03:46):
The New York Times. Raccoons and dependency. I saw this story.
I saw this story, and my jaw drive the irony
in this it was incredible to me. New York Times
story woman calls nine to one one when one hundred

(01:04:11):
aggressive raccoons show up in her yard. And the pictures.
There's pictures raccoons everywhere. So here here's the story. For
more than thirty five years, a woman in Washington State
would leave some food in her yard for about a
dozen resident raccoons. Dozen. All of a sudden, word got out.

(01:04:36):
All of a sudden, raccoons, more raccoons started to come out.
Word got out in raccoon land. Okay, they must have
gotten on their raccoons. Social media and let everybody know.
And then all these raccoons started coming and they got aggressive,
they got aggressive, they were hoarding. There was over a
hundred of them in the arts of a lady calls

(01:04:56):
nine to one one don't he didn't do anything about it,
and they you know, she tries to call trapper trappers
is gonna cost five hundred dollars per raccoon. And eventually,
eventually someone says to her, stop feeding them, Stop feeding
the raccoons. I laughed because I told this story about

(01:05:20):
the alligator in my backyard, big alligator's back was building
a house down to Florida. Big pond in our backyard,
and there's massive alligator out there. Now, alligators of State
of Florida, they stay away from me, They stay away
from you, unless, of course, some idiot decides to feed
the alligators. And some idiot decided to feed this alligator
some in my backyard. We're talking and the things swimming

(01:05:42):
toward us. I'm like, uh oh, so again they you know,
state will come and they'll move the alligator to the
Everglades or whatever it may be. But what is the
irony behind this? This is what happens people that just
animals happened. I'm sorry, it happens with human beings. Anthony

(01:06:05):
Bourdain remember his show. I loved his program. In the
two programs there he did. One he was in Haiti
and he's at this this you know, countryside countryside restaurant there,
and he sees the poppet. He decides to buy everybody
in the restaurant their food. Guess what happened. Word got out,
Word got out that somebody was buying free food at

(01:06:26):
this restaurant. Turned into a riot. He tried to do
the right thing, but it turned into a riot. And
we need to learn about this as society. I've written
columns about this, the fact that you know, we need
to help people out. That's all well and good. I'm
all for social safety nets. We should all be all

(01:06:47):
for social safety nets, but they need to be judged
based upon getting people off government assistance. Do you realize people,
that forty eight percent of our budget is transfer payments?
Forty eight percent of our budget, trillions of dollars in
transfer payments, and the social pathologies that follow along with dependency,

(01:07:14):
not just dependency on drugs and alcohol, but dependency on
handouts from the government that takes away the spirit of
being a human being. Even FDR knew this when he
was putting together his programs. He knew this, He understood this.

(01:07:35):
He said, it was the antithesis of the human spirit.
We gotta be careful with all of this stuff, and
we haven't been. We need to get people off government assistance.
Judge those programs, getting them off, not getting more people on.
Watchdong on Wallstreet dot com. Watchdong on Wallstreet dot com

(01:07:59):
again is our site. Become a part of our family,
The Markowski Investments, Watchdog on Wall Street Family, personal, CFO program, podcast, newsletter,
all sorts of great stuff. We'll be back.

Speaker 1 (01:08:18):
You're listening to The watch Dog on Wall Street bringing

(01:08:41):
America financial freedom, one listener at a time. You're listening
to The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:08:53):
Alighty say buzz phrase, Today's day and age. They love
talking about toxic masculinity. I don't know if you saw
the Kamala Harris advertisement. They're targeting real men, targeting real men,

(01:09:18):
I corporators for breakfast. And they go through these actors
playing farmers and actors playing car enthusiasts and Jim junkies
boasting about how much they deadlift. Yeah right, sure again

(01:09:41):
and then they talk about how they're not afraid to
support a woman and they're a real man. And again
it was brutal, brutal ad. It's been described as one
of the most cringe worthy ads of all time ever.
Notice that people that need to boast about certain things,

(01:10:05):
they need to tell you their masculine that they tend
not to be. And that's the thing is that the
left in this country, I'm sorry, I get democrats listen
to this show. He left us here in this country.

Speaker 1 (01:10:22):
You have a.

Speaker 4 (01:10:25):
Infantile understanding of masculinity, again based upon this commercial stereotypes
a ball caps and fixing cars and lifting weights and football. No, no,

(01:10:47):
I had a just interesting. I had a great piece
of sent over to me by one of our listeners here.
It's true. Actually we want real masculinity. Real masculinity is selflessness,
selflessness putting others interests and concerns above your own. You're confident,

(01:11:15):
but you're not prideful. You have a full sense of duty.
You're able to recognize justice injustice and guess what, you're
ready and willing to fight for justice. Strength not just

(01:11:36):
physical strength, even though that's important too. Mental strength, another
one being able to make fun of yourself, to laugh
at yourself, self depreciating humor. Always your focus, what masculine.
Your focus is providing, providing for your family, protect your

(01:12:00):
family from danger, doing what you need to do, possessing
the will the skills to accomplish this, and now of
that your community as well, knowing that most of the
time you're to be gentle, but when you need to be,

(01:12:20):
you can be fierce. You have a deep, a deep
respect for women, and you know, you know that they
have incredible strengths and abilities that guess what, you don't
men don't. There's a difference. You've got to be willing

(01:12:43):
to give up your life for your family. And you
know what, there's no greater thing of the world you
can do is you give up your life for somebody else.
All you do is demonize that masculinity. That's that's what
the left, you don't even know what it is. Had

(01:13:04):
this sent over to me as well. You know it's
Tim Walls. Yeah, he can put on a Special Forces
ball cap, he can go out and wear hunting gear
and pretend like he actually hunts, can't even load his
gun properly. That doesn't make him masculine, okay. And guess what,

(01:13:25):
even if you know, even if you don't know how
to load a gun, okay, and if you did it,
that doesn't make you masculine either. But trying to do
those things and wearing those things is they said, it's
like somebody's saying, somebody who eats sushi is somehow Japanese.
Gotta take a break. Watchdog on Wallstreet dot com, Watchdog

(01:13:47):
on Wallstreet dot com Again our site become a part
of the Watchdog on Wall Street family, personal CFO program, podcast, newsletter.
You name it Watchdog on Wall Street dot com or
give us a call eight hundred four seven one fifty
nine eighty four.

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(01:16:30):
the watchdog on Wall Streets.

Speaker 4 (01:16:36):
Remember Martin Sheen and Wall Street. He is an argument
with with Bud Fox everybody. They weren't in the elevator.
I think they're elevator riding down this siter. Martin Sheen
kind of realized who his son was doing business with
in Gordon Gecko, and you know, Bud gets all angry

(01:16:58):
with them, and he has this line, I say, you know, basically,
I'm teraphrase. I can't remember exactly, you know, some to
judge people and they're worth based upon how much money
they have in their pocket. And unfortunately, that's something that
we do in our society and it's I hate it.

(01:17:24):
It's wrong.

Speaker 14 (01:17:25):
It is.

Speaker 4 (01:17:28):
Again. I'm I'm blessed, I'm privileged. I work with my family.
We've built a business where we help people from all
walks of life, blue collar, white collar. It doesn't make
any difference. Look at you know someone that has, you know,
a fifty million dollar portfolio any differently than I work

(01:17:51):
at someone who you know has got a couple hundred
thousand dollars with us. They're all wonderful human beings that
need to be treated as such. Why am I bringing
this up? I got disgusted this past week. This is
in CNBC CNBC, and to me, this is just this
is bad. They were talking about something which is called

(01:18:12):
the motherhood penalty. Working. This is the title of the article.
Working moms are still more likely to handle child care.
It cost them twenty thousand dollars a year and lost wages.
Taking care of your children is a cost. How do
you put a number on something like that? How is

(01:18:37):
it possible? Everything in life is a trade off, everything
and it goes on in this article talking about how
women and the costs of doing being a mother, and
they're saying that there's a certain price when it's involved

(01:18:59):
with it, and how they have to prioritize their kids
as caregivers, and it is called the motherhood penalty. If
you are looking at you're looking at your time and
how you spend your time with people that are supposed
to be the most important people in your life, your
loved ones, and you're looking at it as a monetary penalty.

(01:19:22):
I want you to do me a favor and don't
have kids. Don't have kids. If this is the way
you think, you think it's a penalty, because oh, okay,
you're staying home and you're taking care of your kids.
That's a blessing. That's a wonderful thing. How many work

(01:19:49):
events this is myself, Okay, the amount of work events
and things that I don't do. Ah, you know you
should go. You should play. I don't play golf, and
I'll crashing all the time. Chris hom you don't play golf.
Oh yeah, You're gonna meet all sorts of people out
of golf cars. Give me more people, gonna get to
know you become clients. I don't have time for that,

(01:20:12):
you know, perfectly fair. I have to be at my
kids ballgame. I'd rather be coaching my kids. It's not
a penalty, it's a blessing. It's a privilege. And these
are part of the trade offs in life. And you're
putting numbers on these things. I look at my life

(01:20:38):
and how I've spent my time, and how I've been
able to see my kids, and how I'm gonna go
this weekend up to my son's last parents weekend. For
my son is in college, a Division one athlete, all
the time I got to spend with him. I'm gonna
put a dollar amount on that. Can't do it penalty,
motherhood penalty, fatherhood penalty. Do we favor? Don't have kids?

(01:21:05):
If you think like this, do us is solid? Don't
have children? Watchdog on Wall Street dot com. Watchdog on
Wall Street dot Com. We'll be back.

Speaker 1 (01:21:24):
Chris Markowski is the Watchdog on Wall Street.

Speaker 4 (01:21:39):
It's a s down and time is fleeting.

Speaker 1 (01:21:45):
This is the Watchdog on Wall Street.

Speaker 4 (01:21:50):
But listen closely. I remember that's just a rocky horror
pitcher show. I remember that I must have been I
was in middle school in middle school, and there's kids
sometimes at middle school bus and uh, we're coming back late.
Was also have high school kids on the bus as well,

(01:22:12):
and then there was the crew of high school kids
back then, and they had had all these rocky horror
pictures show pins on their jean jackets back in the day.
And I said, what is that? I understand what that was?
And then found out later on I was like, I
don't get it. I guess it's fun for some people. Anyway,
welcome back the watchdog on Wall Street Show. You know,

(01:22:36):
I wonder what they must talk about at their I
must have their little meetings at the Wall Street Journal
when they're trying to put together stories to get the
people going. And it's not a week that goes by
where they don't come up with another acronym, another acronym

(01:22:57):
to describe the Wall the woe that is America, the
Woe Street Journal. They got a new one. They got
a new one. It's the Henrys, that's right me, the Henrys,
the six figure earners who don't feel rich. How they

(01:23:19):
start off the story and again I'm able to read again,
you can follow along here. This is the way that
you need to learn how to read the news fifteen
years ago. If you told April Little that she'd make
three hundred thousand dollars a year, and she would have
pictured a life free of financial stress, the white pickut fence.
I have the whole visual in my head. This is
a human resources executive turned career coach in Rochester, New York. Okay,

(01:23:50):
red flag, red flag, red flag. Okay. She was a
human resources executive in Rochester, New York. She became a
career coach, and she's making over three hundred thousand dollars
a year in Rochester, New York. Alex, I'll take things
that I don't buy for five hundred please, because I'm

(01:24:11):
not buying it then anyway, anyway, this is this latest
acronym high earner, henry high earner. Not rich yet and
again they talk about this. This lady here, she's making
three hundred thousand dollars plus, but she still has ninety

(01:24:31):
thousand dollars a year of college and grad school debt,
still has it? What was it for, crying out loud,
childcare and education for her three children to be so
costly that her husband now is a stay at home job.
He left his job in radio and he is mister
mom at home.

Speaker 1 (01:24:52):
Now.

Speaker 4 (01:24:52):
New census data show that fourteen point four percent of
US households bring in two hundred thousand dollars or more
a year. It's a near record. Yet the money doesn't
have the buying power those earners wish you did again
higher prices. We all know this. This is what inflation is.
And again it's their model. Now it's like they have

(01:25:14):
a template at the wall streets or many of publications
as well. We have to find people to fit our
narrative because again I'm here to tell you that I
could find people that are making that type of money
on upstate New York that happened to be clients of
ours that are doing just fine, doing is fine. And

(01:25:38):
then you got another one here. You know, this is
an attorney in Los Angeles and motoring around in his
lexics SUV. He's forty and he's risen a partner at
his tax group, but instead is occasional golf ountings. He
lives in a rental home and he's doing it from
a public golf course. And again he's got kids and

(01:26:00):
they all got to go to public school. You're living
in La Man, You're living in La so you're already
living in one of the highest tax states in the country, California.
You can chop that on your salary, and you're living
in one of the most expensive cities in the country.

(01:26:23):
What did you would you think? Man, you gotta take
a look people feel. Again, it's amazing to me how
people don't even understand how that how big of a
factor that is. Again, I advise kids recent college, you know,
college grads and where they're going to school, and these

(01:26:43):
are kids are excited. I'm making six figures and I'm
moving to the big Apple. I'm moving to Manhattan. And
to many of these kids, it's like, holy mackerel. These
are kids that have been you know, bartending and waiting tables,
and it's that's all the money in the world. And
I'm like, you do understand you're doing. I said, just
take that whatever you say. If it's one hundred and

(01:27:04):
ten thousand dollars a year, okay, I'm being generous, knock
it down to sixty. Then take a look at what
it costs you. What it's gonna cost you for rent,
the cost of living getting around the city. You're barely
ever put any money away at that that money, if
I'm gonna live in Manhattan. That's a choice. That is

(01:27:28):
the reality. And again, you know it's you have to
you have to figure your way around this. And a
lot of times that is what I tell a lot
of the younger people out there, the ones that have
gotten these six figure salaries recently out of college. You
want you you're the best thing you can do. Get
yourself a second job. Get yourself a saying. If you
can get yourself a second job, work on the weekends.

(01:27:49):
It'll keep me from spending money and going out. You'll
be out anyway, you'll meet people, and you'll be able
to sock money away because you're not You're not really
getting ahead at that type of money in certain places.
It is all based upon where you are and how
you structure your life. It's just that simple, Okay. It

(01:28:10):
doesn't matter how much money you're making. They are three
hundred thousand dollars career consultant up in Rochester, New York.
You're living in the state of New York. You just
got whacked upside the head and state taxes. Trust me,
I know. I just left there for the state of Florida.
Like many other people are doing as well. Anyway anyway, people,

(01:28:35):
You know again, you have to structure your life the
right way. You have to delay gratification. You do these
various different things you have the you utilize these various
different skills, you're gonna get ahead. You are stop playing
keeping up with the Joneses. Do you all do it?
You go on social media and you need to compete.
Don't don't. Number nine Markowski Investments Financial Freedom. You have

(01:29:00):
more money than your neighbors and they don't have a clue.
Watchdog on Wallstreet dot com. We'll be back.

Speaker 1 (01:29:07):
You're listening to the watchdog on Wall Street. Well, no

(01:29:28):
one altered investment banker, consumer advocate, analyst, trader. Chris Markowski
is the watchdog.

Speaker 5 (01:29:36):
On the Wall Street.

Speaker 1 (01:29:37):
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 (01:29:48):
You can't handle the true.

Speaker 1 (01:29:51):
Bringing America the truth about what really happens in the financial.

Speaker 2 (01:29:55):
World, Ladies and gentlemen.

Speaker 3 (01:29:56):
We're not here to indulge in fantasy, but in political
and economic real This is the watchdog.

Speaker 1 (01:30:02):
Well st.

Speaker 4 (01:30:05):
Alrighty, welcome back, everybody now start off, the program looked
briefly about my moving as an adventure in hurricanes here
in Florida. I want to discuss a little bit about
the economics of hurricanes and how we do things here

(01:30:29):
in this country. I've talked about this before. It's important
and this is applicable to so much and how we
go wrong as a society. We're always looking at a
society for the government to fix things, to make it better.
All the king's horses and all the king's men, and

(01:30:52):
we watch time and time again, and we're constantly disappointed.
I don't even know why people are disappointed, whether they
are surprised that the government screws up. All right, you
go back to Hurricane Katrina, and you remember George W. Bush. Brownie,
You're doing a heck of a job. Brownie was in

(01:31:14):
charge of pena. Brown Brownie had no business being in
that job. And I guess his family donated a lot
of money to the Bush campaign and he got himself.
I think I think it was put on horse shows
or something like that before he had that job. And
eventually you had adults came in. They brought the military in.
You had a three star general, three star general I

(01:31:35):
remember him going off on the media, what are you
stuck on? Stupid? And then they had Walmart use their
supply chain prowess to make sure that water was getting
and things were done the right way for the life man,
I gotta be if I was running for president, I'd say, Hey,
what we're gonna do is we're gonna start outsourcing certain departments,

(01:31:58):
certain departments to people who are efficient. People will get
things done the right way, kind of like Gordon Geto.
You either get it right or you do you're getting eliminated.
It's past week. I'm dealing with the to deal with
the Department of Motor Vehicles. Okay, I moved to Florida
to get a new driver's license. Got to bring all

(01:32:18):
this paperwork in, Gotta deal with all the nonsense that
was there. So my wife is there with me. My
wife is there with me, and for whatever reason it
may be, one document didn't match. Another still had her
maiden name, and she didn't have her social Security car
tax return, everything else with social Security number on it.

(01:32:38):
No way, No, can't even get into the computer to
do any of the work. So she's got to go
to the Social Security office and get herself another stupid
social Security card and she's ticked. Oh she I don't
like I'm trying, you know, trying to comments, She's wasting
her time. She's upset, and I'm like, I'm like, maybe
you need to understand. Okay, nothing is efficient. They could

(01:33:04):
put you can put your social Security number on your
passport and you could eliminate all sorts of paper, make
things that much easier. But it's not about that. It's
about keeping people in no show jobs and keep all
these people employed in jobs that should be eliminated. Yeah. Easy.

(01:33:24):
You know how quickly this would be handled by people
that actually know what the hell they're doing. They want
a tech company in charge to put Amazon, You put
Google in charge all this nonsense. How smooth it would be.
You'd be in and out of the d MV in
less than five minutes, less than five minutes. But now, no, No,
it would eliminate too many government jobs. And that's be honest.

(01:33:48):
That's what we're seeing job growth here in this country,
government jobs. And it shouldn't be this way. I'm talking
about competence. This past week, the CEO of Nvidia came
out and he said, I've never seen anything like this
in my entire life is Elon Musk bought a ton
of Nvidia chips and he was talking about I don't

(01:34:10):
even know how the engineering works about installing these AI chips,
and he said a project that normally would have taken
most people a year to accomplish, Elon must have I
did it in less than a week. He says, I've
never seen anything like it in my entire life. Yeah,
those are the people that you want in charge. But

(01:34:31):
the people in charge are elites, are betters. They don't
want that. They don't want that. But anyway, anyway, I
get back to the hurricanes here as I went off
on ran my home my home and thanks to for
everybody reaching out. Was that a little nervous? Yeah?

Speaker 15 (01:34:52):
It was.

Speaker 4 (01:34:53):
I live about fifteen feet above the water, not far
from the water, and I moved here to the state
of Florida. I made a choice. You know, well, why
don't you go move on? David's Island is beautiful. I'm like,
I don't want to deal I know storm's calm, you're
gonna get surges from timetime. I don't want to deal
with all of that. I'm close enough to Bay Shore.

(01:35:15):
I did you know I'm fine. But even at this one,
they were the storm surge that they were predicting, and
I got nervous and I was putting sand bags out
my dorn window. I came back to my house and yeah,
it was amazing how it was graded. It was done,
was dry. Many of my neighbors, you get homes that
are one hundred years old, graded differently. Their yards were swamps.

(01:35:38):
You know, we didn't get the storm surge. Here's eighteen
inches of rain. But other areas, you know, down where
my mother lives, Mannesota, Key destruction, c STA Key, many areas,
storm surge was devastating. And you know, I was right
in the middle of the storm. I went down to
actually Sarasota I was at I was actually east of

(01:36:00):
the interstate. But I saw both eye walls the eye
and I love weather, so it was it was cool,
but I knew I was safe in the house that
I was in. Now, all of those homes, you take
a look, and you can go online. You can see
the videos and there's massive destruction, but then there's also
homes that are just fine. My mother's condo is fine.

(01:36:22):
Signed it did her garage flood, Yes it did, Yes,
it did, and you know it's gonna have to rip
the drywall out and fix that. That's how the house is.
But fine, many homes that were right on the ocean,
right on the beach, up on stilts that were new. Fine, fine,
and again there's nothing wrong with that. The problem we

(01:36:44):
have here in this country is that we subsidize and
we shouldn't. I've talked about this for some time. We
subsidize food insurance. Why are we? Why? Why do I?
Why don't I? And why do you? Why does it?
Why does any? Why do you have to help pay
for somebody's beachfront property because you're paying the insurance on it?

(01:37:08):
Why why do you if it gets knocked down? Somebody
has got a beautiful house on the beach, and that's choice,
the choice. You can have a beautiful house on the beach.
Why does your fellow taxpayer have to help ensure your home?
I'm putting that question out there, Okay, Why.

Speaker 15 (01:37:32):
It is?

Speaker 4 (01:37:33):
I've said this for a while. It is welfare for
rich people. I am again. I funny. It is past
week the inspector from my home insurance company came out
because I got brand new insurance and I was teasing
I was like, you better get I better get my

(01:37:53):
rates even down, even lower. I get two massive hurricanes
that never hit this area happen to come through in
a short period of time, and there's not absolutely nothing
wrong with my house. And he laughed, and I'm not
paying that much an insurance home insurance on my house,
because again it's it's a new home, new construction, it's
got all those things that are you know, involved, great
and properly. You know, it's it's okay, I'm not paying

(01:38:17):
much for mine, but nobody's subsidizing mine. And there's a
lot of reasons behind this too. And there's a lot
of lobbying. If you don't think that the one of
the most powerful lobbies in the country, real estate lobby,
you don't think that they are pushing from what this
allows them to sell houses that are more expensive, because again,

(01:38:38):
insurance is an insurance part of the cost of a home.
Now you gotta buy a home. Let's say, let's say
a home costs I'm just throw at a number five
hundred thousand dollars on the beach and you say, of oh,
it's great, I can afford that five hundred thousand dollars.
And I can afford the upkeep. But what if, all
of a sudden, because it's in an area that's prone

(01:38:59):
to storms, the insurance is I don't know, twenty five
thirty thousand dollars a year. Oh no, I can't afford
that home anymore. Well, then, of course then it makes
that home more expensive. Then they're gonna have to lower
the price of the home. It's all about affordability. And
we see this in everything, okay, in everything. Thomas Soul

(01:39:26):
wrote about this, this principle when it comes to all
government policies. When taxpayers subsidize government insurance policies protect people more.
People are willing to live in places where there are
greater dangers. And of course these are often luxury beachfront homes,

(01:39:47):
great views of the ocean, and in every ten years
maybe a storm comes through. Why in the world did
the taxpayers have to pick up that tab? I remember
it was like was it ten fifteen years ago? John
Stossel did a piece on this and how he got
dirt cheap government insurance to ensure a home only one

(01:40:08):
hundred feet from the ocean. Eventually the ocean moved and
did a lot of damage. Paul was taxpayer subsidized insurance
covered the cost of fixing it, and then it happened
again four years later. Again, this is the problem when
the government gets involved and everything again. People don't understand

(01:40:30):
the concept of insurance. I can even tie this over.
You want to think about this also in terms of
health insurance. Right, they call it health insurance. Is it
really insurance? Is it really insurance? Really insurance? Hey, you
go into your office, right and you have health insurance.
Your office got health insurance. You sign up and this

(01:40:51):
has always bothered me. And you take care of yourself
and you exercise, in great shape, and you're doing all
the right things. But you know, you're the guy down
the hall, you know, might be out of shape, doesn't
eat properly, doesn't take care of himself, drinks too much,
does drugs. But his insurance is the same price as your.
That's not insurance. That's something completely different, that's not insurance.

(01:41:16):
Risk must have to price it in. You have to
price it in. And you know, one of the things
that we need to get away of. He listen, you
want to live on the beach, God bless you. That's
awesome if you could. You don't live in a beach fine,
God bless you go live on the beach, buy a
house on the beach. I just don't feel I don't

(01:41:40):
feel that I should have to, nor do I feel
that my neighbor, your fellow taxpayers should have to subsidize that.
And again I think, quite frankly, you know what we
get out of that business. It'll bring the price. It
will without a fact, they'll bring the price of these
homes down. Watchdog on Wallstreet dot com. Watchdog on Wallstreet

(01:42:03):
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Thank you.

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Speaker 1 (01:45:37):
The only man who is taking on the Walls Street establishment.
Your listening to the Watchdog at Wall Street with Chris Markowski.

Speaker 4 (01:45:47):
But that being said, that being said, I'm all for
helping people that have you know, bad stuff happens, mother
mother nature happens. Terrible things happened from time to time,
and we saw it happened. You know why. We've seen

(01:46:08):
what happened in North Carolina, here in Florida. And it'd
be nice, it'd be nice if this country actually got
its priorities straight. What do you be nice if we weren't,
you know, thirty five trillion dollars in debt, and we
could have for our ourselves as a nation a rainy

(01:46:30):
day fund to help out areas that were struck by
this not not allows these seven hundred and fifty dollars
damn check, you know, would we spend six hundred and
femas spent what was six hundred and forty seven hundred
million dollars on migrants this past year. Myriands, this is
what this is the money that we've sent, we've spent abroad.

(01:46:51):
We're handing out checks seven und and fifty dollars two
people in North Carolina that have lost everything. We've spent
this past year twenty four billion plus to the Ukraine,
eleven billion plus to Israel, one point nine billion to Ethiopia,
one point six billion to Jordan, one point four billion
to Egypt, one point one to the Taliban in Afghanistan,

(01:47:16):
one point one to Somalia, one billion to Yemen, nine
hundred and eighty seven million to the Congo, eight hundred
ninety six to Syria, nine thousand for every illegal immigrant
that has entered the country. But you lose your home,
you get devastated by a storm that comes out of nowhere,
and you know you're getting from the United States, you know,
getting f FEMA seven hundred and fifty dollars. What does

(01:47:42):
it say about our priority here in this country? Again,
the priority, because you can't have priorities, you kind of
a priority. The priority is not you, Dan, I've said
this before. There's no such word, not have priorities. It

(01:48:03):
can't be plural. You could only have a priority, and
the priorities should be what's best for the American people.
That's not the case. It's not the case anyway. I
want to talk about young people here in this country.

(01:48:26):
Andy Kessler had a piece a week or two ago
that I grabbed and asking the question why young people
vote left? Fifty seven percent of eighteen to thirty four
year olds preferred Kamala Harris for president versus twenty six
percent for Donald Trump. Why why did the kids out

(01:48:51):
there gravitate towards progressive idealism and a nanny state opportunity
economy that Kamala keeps talking about. You know what it is.
It's the free stuff, free stuff, the progressive vibe, the vibe,
the joy that's out there is that the government's gonna

(01:49:13):
take care of you, knows what's best. It's again, Oh yeah,
I admit it. I'm raising my hand. And it's kind
of like, you know, remember Don Corleone. Don corleon is
getting mad at Sonny there and the the meeting there

(01:49:33):
with Salatso when Sonny speaks out of turn, you see,
I spoil my kids. Yeah, we all do. We all do.

Speaker 12 (01:49:44):
It.

Speaker 4 (01:49:45):
Government wants to read distribute the money how it pleases. Yep,
we believe in the collective, said Kamala Harris. Kind of
like Hillary Clinton's it takes a village handouts for all.
Kamala Harris's voting record as a Senator is further left

(01:50:09):
than Bernie Sanders, her vice president, her vice presidential candidate
Tim Walls loves Hearts China, saying everyone is the same
and everyone shares Yay, Viva la Revolution. Check with our
T shirt. Put one on again. Kids. Unfortunately, youth is

(01:50:35):
wasted on the young. They don't know what they don't know.
They haven't been educated properly, but they've been indoctrinated. They've
been indoctrinated with somebody else's agenda. Kesser wrote that he

(01:50:56):
watched in horror as a local high school biology class
spent weeks on the science of recycling centers and only
a short afternoon on the mitochondria and mitosis. The word profit.
Oh that's no, no, no, no, profit's bad. I want
to get a child and work for a nonprofit. I

(01:51:17):
want student loan forgiveness. I want free healthcare. What tax
credits again, never asking hmm, where does that come from?
Where does the money come from? And again you get
a lot of bad teachers, misguided capitalism, hating social studies teachers,

(01:51:41):
again Tim Walt's line, one person's socialism is another person's neighborliness. Right, Oh,
che be my neighbor. You think he miss mister Rogers
or something like that. And then you get the same
thing at colleges and universities. You started off the program
today talking about work time and effort, work ethic and ambition.

(01:52:06):
Unfortunately are going by the wayside. We're becoming one of
a nation of sloth. Not good. Not to mention the
fact these youngsters don't even know if they want to
have kids. One third, one third of eighteen to thirty
four year olds aren't even sure if they ever want children. Again,

(01:52:32):
weird if you ask me anyway. Again, there's a mismatch here. Okay,
they're confused, these kids, you know, I want to get back.
I want to talk a little bit about that. And
I also going to bring back an old story that
I did about the the ant and the grasshopper. Gotta

(01:52:53):
take quick break. You're listening to the Watchdog on Wall
Street Show, again. Watchdog on Wallstreet dot com is our site,
personal CFO program, podcast, newsletter, all sorts of great stuff.
Watchdog on Wallstreet dot Com. We'll be back.

Speaker 1 (01:53:21):
You should believe in math not magic. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:53:29):
Now only the longest, the greatest, longest running, greatest financial program,
not just financial. That's what makes it great. Cover everything,
Watchdog on Wallstree Show. We've got the greatest bumper music
all time, without a doubt. Welcome back, everybody. You're listening
to the uh Watchdog on Wall Street Show. Back to
to Kessler's piece, and again he's He's had conversations with

(01:53:55):
a lot of young people myself as well. However, I
take a little different for me because I'm also dealing
with a lot of kids. The kids I speak to
that are athletes at their former athletes played U in,
they play high school, they played in college, and they're
a different breed without a doubt. But he says, this
is conversations with young folks who do exhibit some actual drive,

(01:54:22):
show their confusing. I want to do a startup, super great,
what do you want to do? I want to do
something sustainable, what the hell is that. I want to
favor the planet. Okay, is it going to be productive?
What's that? Does it scale? Huhm? Will it do more

(01:54:47):
with less? Oh no no no, it needs more and
more and more and more and more money so we
can keep saving the world. Well, that sounds like a
nonprofit you derive. I have wealth by delivering ever cheaper
stuff to millions of people, not handouts, not handouts. I

(01:55:10):
just go to that scene from television show Entourage where
Ari is dressing down Turtle about you know what it
takes to start a business? What's involved? Wealth? Wealth? Societal
wealth happens when you keep your customers happy, when you

(01:55:31):
keep your when when when you when you have delayed gratification,
you're postponing consumption, You're reinvesting profits into better products. You're
making your business better again. Some kids try to explain
this to them, and they're like, will doesn't grow on trees.

(01:55:57):
They're lost, They're lost the left here. They've got all
their utopian ideas and they've got their very very strong
opinions about society. But did they know how to handle money?
Did I know other people's money? They just want to
take from the few people out there, you the listeners.

(01:56:20):
We the people here in this country that are actually productive,
that actually what do we talk about, build, create, protect
and teach. We the people that drive progress. We the
people that generate wealth. We the people that satisfy our customers,

(01:56:41):
our clients, our family. You want to take our money
and you want to redistribute it because of the fair seer.
It's been a fair but it's not the fair seer
you look to it cripple we the people that drive progress,
generate wealth, then make our clients happy, and hand it

(01:57:03):
over to people that don't have a clue. The left,
their philosophy's simple. I'll told you. And again I'm not wrong. Okay,
I am. This is one hundred and ten percent right.
The government is just some damn I talk about this
a money tree. Money tree. All you need to do

(01:57:27):
is that vote left and oh my god, money appears.
And what do I tell you? Yeah, money can appear, Hey,
money can keep appearing. I told you I have a
one hundred trillion dollars Zimbabwe banknote, one hundred trillion dollars
Zimbabwe bucks. I am a one hundred trillionaire in Zimbabwe.

(01:57:49):
Keep printing, keep printing. The gross incompetence of government here
in this it's beyond the pay all the millions of
people that work for the government that do nothing, that
do not I'm sorry, yeah, I keep thinking of Pauli

(01:58:12):
Walnuts and the Sopranos sitting outside the no show job,
sitting outside the no show job there and Joys sunning himself.
Think about all of the subsidies, How many, how many?
How did they spend I was eight nine eight nine
billion dollars for billion for eight electric car chargers. About

(01:58:38):
all the money we spend and waste on healthcare we
talked about here on the program. How much do we
spend per child on education here in this country that's
getting worse instead of better. Dumb dumb the uh, what

(01:59:02):
are we gonna turn? You know, people, you're gonna have
to go out there. You're gonna have to build, create, protect,
and teach or I don't know. Maybe these these kids
are hoping that they're gonna end up in that dystopian
Wally world where you're just gonna sit there and play
video games all day and sit on your chair and
have somebody take care of you. That movie frighten hell
out of me. That movie Wally. You know with the

(01:59:22):
robot there the earth that we destroy it because of
all the pollution and junk that they have there. But
everybody's floating around in space, sitting in their chair, just
sucking high calorie drinks down. It's scared the crap out
of me. However, there are, like I said, there are
kids out there that do care, that do work hard,

(01:59:45):
that are productive, that help push progress. Okay, it's you
people out there. It's you against the collective, It's you
against the village. The village is a about being, oh,
the parted pamper and I gotta live off to somebody
else's hard work and then complain that the handouts aren't

(02:00:09):
big enough. I gotta get back. I want to give
you my my story, The Ant and the Grasshopper. Watchdog
on Wallstreet dot Com. Watchdog on Wallstreet dot Com Again,
we welcome each and everyone to become a part of
the Watchdog on Wall Street family, Personal CFO program, all
sorts of great stuff. Watchdog on Wallstreet dot Com. We'll
be back.

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Bringing America financial freedom, one listener at a time. You're
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Speaker 4 (02:04:07):
Me and the Grasshopper got to going along. What was
talking about people wanting handouts and giveaways? I again, it's
taking me back. I saw a column by Kessler, and
I said, yeah, I gotta pull this up. I wrote
this back in May of two thousand and two. Now
the classic version, classic version ant. The grasshopper ant works hard,

(02:04:30):
withering heat all summer long, builds his house, lays up
supplies for the winter. Grasshopper no big deal, thinks he's
a full laughs and dance and plays the summer away.
Come winter. The ant is warm and well fed. The
grasshopper no food, no food, no shelter, dies out the

(02:04:51):
cold well modern version, and this was two thousand and two.
I'm gonna share with you. I could, I could redo
this for today, but I'm gonna share the one from
two thousand and two because he got some people, some
blasts from the pass in here. The ant works hard
and the withering heat all summer long, building his house
and laying up supplies to the winter. The grasshopper doesn't laughs,
thinks he's a fool, dances and plays the summer away.

(02:05:13):
Come winter. The shivering grasshopper calls a press conference, demands
to know why why the ant should be allowed to
be warm and well and why the ant is well
fed while others are cold and starving. CBS, CNN and
MSNBC ABC they all show up to provide pictures of

(02:05:35):
the shivering grasshopper. Next next to the video of the
ant in his comfortable home with a table filled with food.
Oh my god, America. The world is stunned by the
sharp contrast, how can it be, how can be a country,
what such wealth that this poor grasshopper is allowed to suffer?
So then then a representative of the na GB National

(02:06:02):
Association of Green Bugs shows up on Nightline and charges
the ant with green bias and makes the case that
the grasshopper is a victim of the thirty million years
of greenism. Kermit the Frog appears on Oprah with the grasshopper,
and everybody cries when he sings, It's not easy being green.

(02:06:23):
Bill and Hillary Clinton make a special guest appearance on
CBS Evening News to tell a concern Dan Rather that
they will do everything that they can for the grasshopper,
who has been denied the prosperity he deserves by those
who benefitted unfairly during the Reagan summers, or, as Bill
refers to it, the temperatures of the eighties. Richard Getpart

(02:06:45):
explains in an interview with Peter Jennings that the ann
has gotten rich off the back of the grasshopper, calls
for an immediate tax hike on the end to make
him pay his fair share. But wait, there's more. To
take a break. We'll finish up our aunt and grasshopper
and we get back. Watch talg on Wall street dot com,

(02:07:05):
watchdog on wallstreet dot com. We'll be back soon. I'm
been trying.

Speaker 1 (02:07:14):
Chris Markowski is the Watchdog on Wall Street, ticking Wall Streets, liars, crooks,

(02:07:37):
and sheets out behind the woodshed. You're listening to the
Watchdog on Wall Street.

Speaker 4 (02:07:43):
Alrighty, welcome back. We're going back to our two thousand
and two version of the Ant and the Grasshopper. Notice
that you've got some last in the past, got Dan Rather,
Bill and Hillary Clinton, and they're Richard get Part, Richard
get Part all. We'll go back to that part. Richard
get Part. Okay, at the grasshopper, you know he can
all upset grasshoppers not doing well, terrible Ant is not

(02:08:03):
paying his fair share. Richard Gepart doing an interview Peter Jennings,
Remember Peter Jennings, the Ant that Ant's gotten rich rich
off the back of the Grasshopper and Gutpart calls he
went an immediate taxike media taxike on the Ant to
make him pay his fair share. This is two thousand

(02:08:26):
and two and fair share still using that phrase. Finally,
the EEOC drafts the Economic Equity and Anti Greenism Act
retroactive to the beginning of the summer. The ant was
fined for failing to hire a proportionate number of green

(02:08:49):
bugs and having nothing to pay his retroactive taxes. His
home is confiscated by the government. Story ends see the
grasshopper finishing up the last bits of the ants food
while the government house that he is now in, which
just so happens to be the ants old house, as

(02:09:09):
it crumbles around him since he doesn't know how to
maintain it. The Ant disappears into the snow, and the
image on TV, which the Grasshopper bought by selling most
of the Ance food, as of Bill and Hillary standing
before a wildly applauding group of co patriots announcing the
new era. Fairness has dawned upon America again, man oh

(02:09:33):
Man twenty two years ago. Things don't change much, do they? Anyway?
I have to touch on this today. I missed a
lot today. What could have done? I could have done
hours and hours and hours. Bill Clinton this past week,

(02:09:53):
and it's the front cover of the post, here, there,
and everywhere. Bill Clinton is in Georgia. Bill Clinton's in Georgia,
and he was air quotes stumping for Kamala Harris stumping
for Kamala Harris and trying to defend her record as

(02:10:15):
a border czar. And again that exchange that Kamala Harris
had with Brett behar when it came to uh came
to the border didn't go too well. And this is
when Bill Clinton actually said the truth, actually said the
truth about the fact that probably Lake and Riley's murder

(02:10:38):
probably wouldn't have happened if migrants had all been properly vetted.
Then after he said that, he then tried to shift
blame to Donald Trump claimed he claimed as responsible for
killing that bipartisan border bill that would have fixed everything. Now,
first and foremost, okay, that Joseah Barrow, who killed Lincoln Riley,

(02:11:02):
came into the country back in twenty twenty two, and
Democrats had control of the Senate and the House and
the presidency at that point in time, had nothing to
do with the ridiculous It was terrible bipartisan, but it
was an awful bill. But anyway, neither here nor that
had nothing to do with it. And again he said
it after the fact. Now I'm here to tell you

(02:11:25):
something to read between the lines, say he's something that
the media is not telling you, Okay, Bill Clinton is
a very very smart guy. You might not like him. Okay, again,
I'm gonna be honest here. Okay, he's the best president
we've had in my opinion. I'm sorry, I got to
tick off trouble. The best president of sin is Reagan.

(02:11:47):
Again and again, I listen, you know the politics of
the day and the Republican Revolution and New Gingridge and
taken over the House of Representatives. Yeah, pull him to
get things done. But hey, we had major welfare reform
under billklen Bill Clinton left office, and guess what, we
had a balanced budget in this country. Yeah. I had
problems with many things with Bill Clinton. But sorry, wasn't

(02:12:10):
that bad. And again, he would be considered a right
wing nut job in today's day and age. But one
thing you can say about Bill Clinton is he is
very very smart and calculated. He knew exactly what he
was saying. He knew exactly what he was saying, and
knew that what he said was gonna get picked up

(02:12:31):
and played as a sound bite. So, yeah, you may
think that Bill Clinton is out there on the campaign
trail stumping for Kamala Harri. He's got to go. He
got to go through the motions right, make it appear
that way. But I'm here to tell you Bill Clinton,
in all the years I've been following the guy, he
has to make gafs like that. He makes gaffs with women. Okay,

(02:12:55):
he didn't make gafs like that. He's a calculated dude.
I have to again, I don't think people fully appreciate this.
I really don't. Again, if you haven't seen it, you
have to go and you have to watch what SpaceX
accomplished and having that booster rocket come down and being

(02:13:19):
caught landing a super heavy booster rocket. You want to
talk about a serious feat of engineering, and that super
heavy booster is taller than a twenty story building. Think
about what SpaceX is doing. Basically, let's be honest about

(02:13:41):
our space program was dead. Obama basically canceled the bloody thing.
Basically canceled that.

Speaker 12 (02:13:49):
Man.

Speaker 4 (02:13:50):
We stopped with the Space Shuttle flights. There. We got
bored with the damn thing. There was no innovation going
on at NASA that I was even saying at this
point in time, Matt. You know, Matt, at the private sector,
give this over to the private sector. Get the private
sector involved. They're gonna find ways of doing things. They're
gonna figure out how to make it profitable, figure a
way to bring costs down. And look at that. Look

(02:14:10):
at what this guy is accomplishing. And you know, the
funny thing is about this is that the government, in
particular the government in California, because of politics, they're trying
to thwart Elon Musk from actually launching rockets in California.
How messed up do you.

Speaker 1 (02:14:31):
Have to be?

Speaker 4 (02:14:31):
How can you not see the value and what this
guy is doing? Anyway, gotta go. God bless everyone, God
bless that. Thank you so much for listening to the
show again. Become a part of our family. Watchdog on
Wallstreet dot com, we'll see you.

Speaker 1 (02:14:49):
You're listening after the Watchdog on Wall Street