Watchdog on Wall Street: Podcast for Weekend of November 30 - December 01 2024

The Best of The Watchdog on Wallstreet

Episode Transcript

Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, analyst, trainer.
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 proof.

Speaker 1 (00:30):
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 Wall Streets.

Speaker 4 (00:44):
Ah to say that we're loaded to bear would be
an understatement. Welcome to everybody, the watchdog on Wall Street.
What a week we had. And I'm gonna be be very,
very brutally honest with everybody here. I am. I'm really excited.

(01:08):
I am. Like I said, I'm a realist. Though I
said my my excitement I could, I can, that could
turn on a freaking time. But I right now am
very very excited about the future. I am, and I'm
here to tell you it's it's not because of just Trump.

(01:31):
It's not when I see the people that are lining
up to work with Donald Trump that gets me excited.
My longtime listen is no. I'm a big fan of
the Paul family, ron and Ran Paul. I am an
enormous fan of Tulsi Gabbard. I think Elon Musk is phenomenal.

(01:59):
I have no interest and buying a Tesla anytime soon.
But one cannot deny that he's bloody Tony Stark for
crying out loud and Robert F. Kennedy Jr. I mean,
I talk about the health of this nation and how
in the toilet it has been, and how on healthy
we are and all this stuff, and you've got him there,

(02:23):
And when you're surrounding yourself with people like this, how
can one not be excited. I don't know you you're
on X and you see the tweets that RFK Junior
is putting out and the stuff that Elon Musk is
putting out, and how he excited they are about what

(02:43):
could happen next? And all Trump needs to do, all
he needs to do is he needs to be a
ring master. Now I'm old, they don't know have him
any more. The circus was when a circus came to town.
When I was going, it was a big deal. It's
a big deal and my father who was our cub

(03:04):
Scout master. We'd always go with the cub Scouts, take
our cub Scout troop up to Cohose, New York, and
the circus would come to count Ringling Brothers and Barnin
and Balley Circus. And I never forget, I said, my
brother Michael was always just fascinated with the elephants pooping
all over the place and the people that followed behind
the elephants to clean up after the poop. Never forget that.

(03:28):
But you have it at the circus. There's a guy
in the middle. He's got the big fancy suit on,
he's got the big hat. He's a ring master, and
he had all these things going on at the circus.
And you got the high wire act over here, and
you got the dance and bears over there, and you
got the clowns over here, all these things going on,
and ring master he controls the whole thing. He's the

(03:52):
master of ceremonies for the entire show. And that was
truly the one thing that really hit Donald Trump and
his first administration was the people that he brought in,
the people that he hired, the people he surrounded himself with.
I was scratching my head from day one. But I

(04:16):
have to say, as of right now, pretty darn excited.
I am. I want to talk a little bit about
the election we're at. I've done several podcasts in regards
to our electoral process here in this country, our authoritarian
and crooked process, and make no bones about it, it's crooked.

(04:39):
But one of the first things that Donald Trump, quite
frankly needs to do is he needs to he needs
to get on the phone with Ron DeSantis and have Ron,
I don't know, put out a YouTube video YouTube video
explaining how the world the state of Florida is able
to count all their ballots, one of the most popular
states in the country, in an out and it takes

(05:03):
these other states days. It is very important for people
to have the belief that the system is not crooked.
And one way of doing that is having a system where, hey,
you know what, we're getting this done quickly, the right way, quickly,

(05:24):
without all of the nonsense. I'm here to tell you, okay,
And I believe this. I believe that the fix was
on this time. I do. I think that the fix
was on. I'm watching what was taking place, and I'm
seeing the various different pundits X pundits like Katie Kirk

(05:48):
and other ones putting out messages saying, oh, never fear leftists, paraphrasing,
this is all a red mirage. Do you hear that phrase,
plese red mirage. I have been following politics for decades
and elections and all this stuff, but I've never heard

(06:09):
that before. And what's interesting was is that was everywhere.
Let me explain to you how the mainstream media works.
They all get on the same page, they all push
a certain narrative. I'm gonna take you back in time.
It's true story. I got on. I don't know how

(06:31):
it happened, but I in the nineteen nineties, I got
access to a thing was called journal list and journalist.
This is you know, back in the nineties for all
you young people, they had these things. They had these
chat rooms they were called where you could get invited
in and you'd be in these chat rooms and journalists
was a chat room of all of the editors of

(06:53):
the major newspapers and networks and journalists out there where
they would basically get their story straight. They would get
their story this is how we are going to cover this.
And it was fascinating it was fascinating they all saying
the same thing. Rush Limbaugh back in the day, on

(07:14):
his program, he did a montage of all the journalists
out there basically using the Latin word gravitas to describe
Dick Cheney when George W. Bush appointed him, Like, how
in the world is all of a sudden, every single
media outlet out there, every pundit out there, all of
us starting to speak Latin all of a sudden. No, no,

(07:36):
they all get on the same page. And that's what
they did this time around with the red mirage. Never
fear it's a red mirage. Then I started seeing I
had various different feeds and networks going where they were saying, Oh,
don't worry everybody, it's going to be a long night,
this could take days, this could take days. Go to bed.

(08:00):
Since when have you ever heard network anchors people on
TV telling people to turn the TV off and stop watching.
Go to bed, everybody, It'll be all okay in the morning.
And I had a pit in my stomach. I was like, oh,
oh no, no, no, no, no, no no no no no

(08:20):
no no no no, no, no no no. And well,
word on the street is that the Trump administration threatened,
threatened everybody out to say, hey, listen, you're gonna keep
this count going. You're going to keep this count going.
Were not to stop the count that they wanted to
do it in Pennsylvania, it's against the law, but they

(08:43):
wanted to do it anyway. The fix was on, without
a doubt. But it got thwarted. It got thwarted. The
exit polls. They figured I guess that they figured they
couldn't pull it off. One of the most striking things,
one of the most striking things out there. And again,

(09:06):
I will go back, go back to twenty twenty. Twenty twenty.
Trump screwed up. He screwed up his campaign, screwed up
telling people not to early vote and whatnot, and especially
it was during the whole COVID nonsense that was taking place.
But he also screwed up not having enough people watching
the polls, watching what was taking place, having poll monitors

(09:31):
that were out there. Now, I'm sorry, I don't care
if you're left right, it doesn't make any difference. Take
a look at the numbers. How in the world, Okay,
just get your arms right. How in the world they're
saying that there was a record turnout in this election,

(09:55):
yet there was eighteen million fewer votes than in twenty twenty.
How is that possible? Show me your work, show me
your math. You can go back to Obama Democrat sixty
five million votes, You go on to Trump about sixty Well,
Hillary Clinton got about sixty seven million votes. How in

(10:20):
the world did Joe Biden get eighty two million votes
in twenty twenty? Joel Biden and now you know, we're
back down here with Kamala Harris went around sixty five
sixty six million votes. No, I don't don't tell me
the fix wasn't on, because it was. It was, and

(10:46):
it's it's that important to take care of this. I
really think that Donald Trump should really go after this
because the future for this country unless this is dealt with,
unless we fix our system them and our system is
it's Banana republic esque, you know, any other place around
the globe. You have to show id you have to

(11:09):
prove who you are. Unless you fix this, the future
of this country. We are on a trajectory to one
party rule and we don't want that. We don't want that.
I want to I want to talk a little bit

(11:30):
about the media and where we're at today. Talk a
little bit about the media, the media blame game, which
again that kicked into gear right away. All again, all
the pundits MSNBC, ABC, CBS, NBC, they couldn't even contain

(11:54):
their contempt for what has transpired. It wasn't like this.
Let all you younger people out there, It wasn't like
this when I was growing up. This wasn't allowed. You
couldn't do this. The sign of a good journalist was
someone that would go on air and you wouldn't know

(12:18):
whether they were left or right. They and again I'm
never in my entire life, never in my entire life,
have seen that the type of language, the type of
vitriol that was spewed by pundits in this election, use

(12:40):
of the word fascist, Nazi, Hitler, Mussolini. It's it's completely
over the top. And again you know they're the media
is given their analysis and who they're going to blame?
What Biden he jump out earlier. Yeah, but you guys

(13:03):
are the ones that were saying that he was all
okay for an extended period of time. Blame this one.
Blame that you had Joe Scarborough say that Latino's men
and uh, I got one of the group, they're they're
racist and misogynists. I mean a lot of iss out there,
a lot of iss. Maybe maybe just maybe you fools

(13:26):
that that people are starting to think for themselves. People
are starting to think for themselves. Wouldn't that be nice?
Wouldn't that wouldn't that be wonderful? People listened listen to
this show, all the people listen to my podcast on
a daily basis, people who listened to Joe Rogan because

(13:50):
Joe Rogan says the same thing I am. I I
can't tell you what a proveviage in an honor it is,
and how seriously I take what I do, how serious,
how important it is to me to get it right.

(14:14):
I work very very hard on trying to get everything
accurate right. I give my opinion here on the program,
and as you all know, I'm honest with you. I'm
not affiliated with any party. Yes, do I have a
certain intrut Do I have a belief system that I follow? Yes?

(14:37):
I do? But what do I tell you here on
the program? If you don't believe something that I'm saying
or I'm trying to tell you, I encourage you look
it up, do your own homework. If you don't believe me.
Don't allow pundits and talking heads to do your thinking

(14:57):
for you. You can't do that. It's lazy. With that being said,
these people that go on TV and what they are doing,
what they are doing, quite frankly, in my belief system,

(15:17):
in my definition, quite frankly, it's evil. It's evil, and
it's it's a it's a it's a no, no, it's
a big evil. Lying and misleading people is. It's an evil.
And I want to I want to talk a little
bit about that. I do. We're gonna take quick break

(15:38):
right here. I just took a look at the clock.
We're gonna get into this. We've got a lot we
have to go over on the program today. I do
want to remind everybody again I welcome each and every
one of you to our family, the watch Dog on
Wall Street Family. Get to our website, Watchdog on Wallstreet
dot com, our personal CFO program, our podcast, our newsletter,

(15:58):
all sorts of great stuff. You know what do that? Okay?
We have opera twenty four seven eight hundred four seven
one fifty nine eighty four. Sign up. We are to
help you with everything Watchdog on Wallstreet dot com. Or
give us a call eight hundred four to seven one
fifty nine eighty four. We'll be back.

Speaker 1 (16:35):
Tiki, Wall Streets, Liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Street.

Speaker 4 (16:44):
Everybody, it is the watch Dog on Wall Street. Shoe. Yes,
I do believe. I do believe that the people in
the mainstream media thought that the fix was on, that
something was going to change. How can you explain all
the facts that are right there in front of them,
But they were all acting like the Black Knight, the
Black Knight from the Holy Grail. Monty Python. Oh, I'm fine,

(17:07):
it's just a flesh wood. No, no, no, no, I
lose his arm, cuts his leg off. And again, if
you're not a fan, I'm a fan of Monty Python.
But anyway, the fix was on something that, like I
said to me, to me, everyone's different and unique. And
it's my Catholic mindset that when you are in a position,

(17:35):
when you are in a position when you have a microphone,
or you are teaching a class, or you are a parent,
or you are a coach, whatever it may be. Again,
what have we been preaching here on the program. We
all have to be teachers, build, create, protect, and teach.

(17:59):
When you lie, when you knowingly lie or push narratives
that you know are not true on people, that's evil.
That is evil. And I can hate that evil. Okay,
I'm not allowed, not allowed. I'm not allowed to hate
the people that are doing it. But I can hate

(18:22):
what they're doing. I can despise their actions. I can
despise I can hate the evil that they are spewing out.
This is some simple things, wisdom of the ages from
a Bible. Teachers should demonstrate integrity, dignity, and sound speech. Again,

(18:46):
you're you're you're a pundit, you're on TV and one
that that again that I take very seriously. Teachers will
be held to a higher standard of judgment because their
words have a deep impact on people's knowledge of God
and Christian character. And that applies to everything. What these

(19:10):
people are doing is wrong, and I'm gonna tell you
what else is wrong to Okay, And there's a there's
a great temptation out there, and I get it. I
get it. End Zone dance, spike the football. You see
it all over social media with these threads that are
out there of these young people, young people having you know,

(19:33):
collectively freaking out over the election and what happened. You
want to call it, you know, basically election meltdown porn
for people. You want to watch. You want to watch
the people on TV, these so called teachers, okay, these uh,

(19:53):
these false teachers, these fraudulent advisors. Dante has a circle
of hell in Dante's inferno with fraudulent vice. You want
to watch them meltdown. That's one thing, okay, But children,
children know, and that's they are their children that have
been lied to, their children that have been misled. One

(20:17):
more bit on this when we get back, and then
we got to get into our post election investment roadmap
a lot more. We gotta go over on the program today.
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com
is our site, personal CFO, program, podcast, newsletter, you name it.
Watchdog on Wallstreet dot com. We'll be back.

Speaker 1 (20:40):
Chris Borkowski is the watchdog of Wall Streets. This is
the Watchdog on Wall Street.

Speaker 4 (21:08):
Guys, avoid the temptation. I know, I know, yeah, look
at all the look at all these liberal kids out
there with their blue hair and their nose rings and
having meltdowns on social media, and they're all losing their mind.
They don't know any better. They don't. These people are

(21:35):
worthy worthy of our prayers, are worthy of our pity.
I feel sorry for them. I do. You don't. Again,
I talk about this all the time, people that you
understand people's backstories. You know what type of household they
grow up, you know what type of parents they have had.
Obviously have parents that taught them to be critical thinkers.

(22:00):
They let other people think for them. These people honestly believe,
many of them honestly believe that they're going to get
round up by Donald Trump and set off to some
concentration camp. As stupid as that is, you should be
thankful that you are a critical thinker, that you were

(22:22):
taught properly. They weren't. They weren't, and they are worthy
of our sympathy and prayers. We're supposed to forgive the
people on TV because they know exactly what they're doing,
and that's a much more difficult thing for me to

(22:42):
do watching them melt down. I don't have a problem
with that. And again, this is something we've been covering,
we've been talking about here on this program for years
for years. I left, I left the Republican par over
fifteen years ago. Why because I was disgusted, disgusted with

(23:09):
the blue blood country club, Caddy Shack, Judge smails doctor Beeper,
Republican Party. No different than the people on the left. Okay,
elitists that want to run the show and tell people
what to do. They just do it in a different way.

(23:31):
That's when we talked about our watchdog Watchdog on Wall
Street access of evil, big business politicians and the media
working hand in hand to further their needs. George Carlin
does bits on it. We played it here on the program.
It's a big club and you ain't in it. We're

(23:52):
better than this. And again, I'm getting back to what
we've been trying to get across here on the program.
We all need to do. You' want to help make
America great again, build, protect, create, and teach, as difficult

(24:13):
as it may be. Don't mock. Don't mock these children.
Don't mock these kids. They don't know any better. They
have been misled. I've never seen the type of garbage
coming out from the mainstream media. It's insanity to me. Now.

(24:35):
I remember you'd have different groups and the real wackos.
When George W. Bush was president and in regards to
the Iraq War, and you know, use a Nazi rhetoric
at that point in time during an election. Some of
the things that that that that these kids believe. Then
you kind of understand how Jim Jones was able to

(24:58):
get people to drink the kool aid because they're drinking.
We need to be better than that. We really do.
And it's gonna take all of us. What I'm gonna do,
I'm gonna do right now. I'm gonna bring it in
this segment early because I got a lot we got
to talk about on the investment side. And again I

(25:20):
want to remind everybody, Okay, well this is important. Okay,
we are helping everyone out. Many phone calls. I get
many phone calls that I get, many emails I get
people asking me 're gonna go this amount of money?
Can you help? We help everyone? Sign up for our
personal CFO programs, sign up for our podcast, our account

(25:45):
repair kits, annuity help kits, all sorts of great stuff
at our website at Watchdog on Wall Street dot com.
That's Watchdog on Wallstreet dot com. Or give us a
call at eight hundred four seven one fifty nine eighty four.
We'll be back.

Speaker 1 (26:14):
The only man who is taking on the Wall Street establishment.
You are listening to The Watchdog on Wall Street with
Chris Markowski.

Speaker 4 (26:23):
Welcome back, everybody. It was a little over a week
ago I did a podcast that was entitled The New
York Yankees and Your Portfolio. The point the point of
the podcast was is that and again, I'm a Yankee fan,
and the reasons why the Yankees lost the World Series
is the fundamentals. The fundamentals are lack thereof the New

(26:51):
York Yankees in your portfolio. When I was talking about
was the fact that you better you better follow the
fundamentals when it comes to your portfolio or you're going
to lose. You're going to lose again. I've been doing
this program for twenty five years now, and I repeat

(27:15):
myself again and again and again, because there's a right
way of doing things in a wrong way of doing things.
I think it's number nineteen or twenty on my Watchdog
on Wall Street Markowski Investments Guide to Financial Independence. People
ask you about financial advice, you bore them, and I

(27:36):
try not to be boring here on the program. I don't,
but I get it. I understand, like you know, you're
listening to this show. Listening to this show, I'm trying
to not one of those bad vaccines that Robert F.

(27:57):
Kenny jun is going after. I try to vaccinate you
from insanity. What we try to do here on the point,
it's part of our personal CFO program to see it there.
And you say, how to navigate financial storms, corrections, run
ups in the market. How are we able to be

(28:19):
calm and steady through everything? And markets are freaking out
lower The last big massive freak out in the markets
was the stuff that was taking place during COVID, and
again people started losing their mind, losing their mind all
over the place. Phone is ringing off the hook. I

(28:41):
don't know what to do. God's gonna get shut down.
Should I sell now I can get back in into
the market. I'm like, what are you thinking about? Listen,
you can't do this. You cannot time the market. It's
an exercise in futility. Market downturns for us have been

(29:07):
enormous opportunities, is it. It's nice to see It's nice
And we'll talk about the uh post election stock market
jump a little bit later on in the program. Oh
sure you see everything. You look at your portfolio. It's up,
it's doing great, it looks fantastic. But you know, again,

(29:30):
it makes makes my job a little bit more difficult
because again, I'm a long term guy. I'm a guy
likes to buy things on sale. I mean, you're buying
something when you rather pay less for it than more.

(29:50):
Every single time the market drops, whatever it may be,
oh boy, what a mess. We ain't got a run.
Maybe I should go to cash. Then I'll jump back
in later on. No, No, in reality, those are the
best times. That that's that's when wealth is truly created.

(30:13):
The markets. People markets. It's like a manic depressive thing
in the market. As someone who is it's like a
manic depressive market. Oh everything's great, really fantastic. Oh no,
everything is terrible. You don't have to play in to that.

(30:37):
One of the things that we talk about, and it's
on our process, okay, our process, And when I'm explaining
process here on the program or explaining it to somebody,
we're like, well, what's obvious. Hoho's obvious. One of the
things on our list is don't lose money. Don't lose money,

(30:59):
don't make stupid mistakes. Again, is everything you own is
always gonna go up. No, but those big mistakes, they
cost you too much. When you're making mistakes, when you
get emotional about what's going on, you will lose. We're

(31:23):
gonna get further into our Wall Street wisdom and post
election roadmap when we get back. But again again, take
advantage people we invice should become a part of our
Markowski Investments family. Watchdog on Wallstreet dot com. That's watchdog
on Wallstreet dot com. Or give us a call eight
hundred four seven one fifty nine eighty four.

Speaker 1 (32:00):
You should believe in math, not magic. You're listening to
the watchdog in Wall Street with Chris Markowski.

Speaker 4 (32:10):
Man Jim Jim Kramer did disappoint again. He is the uh,
he's the poster child for time in markets and bye
bye bye sales house. Hell nonsense. He he didn't disappoint again.
He tweeted out, tweeted out before the election that Kamala
Harris is gonna win. Everybody should have known right then
and there go in the opposite direction. Never in my

(32:33):
entire life if I seen a guy with so much press,
so much exposure out there and as wrong as much
as he is. It's like Jim Kramer and economists that
come from Ivy League schools. It's amazing to me, It
truly is. I remember again, I remember Jim Kramer. Jim
Kramer during the financial crisis was on I think it

(32:58):
was on the Today Show. Again it's Jim, and he
was telling everybody that if you need your money for
the next seven or eight years, you better be out
of the market. And I was like, what a fool,
what a fool. What he should have been telling everybody
is to dollar cost average, buy more everything is on sale,

(33:21):
which we did and it ended up being one of
the greatest buying opportunities ever. Our process, people, yeah, it's
not I'm being honest here. It's not exciting. It's not boring.
It's the same process that Buffet and Munger and Graham

(33:43):
and a list of people drugging to all these guys
that have been doing so well for so long, so
we were no longer with us. They have a process,
and the process, yes, is boring. It is dollar cost averaging,
putting money away on a regular basis. Everything we're doing. Yeah,

(34:06):
it's repetitive, it's automated, but it works. Investing is a
continuous process. It's not supposed to be exciting and interesting.
It's a responsibility. It's a grind. If you're going to

(34:29):
you want to be excited, you want to all go
in to the markets because you want excitement, you are
gonna lose. And I made this suggestion before. If you
want to do that, go to a casino because at
least they'll throw in some free drinks and maybe a buffet,
and if you spend enough money, you might get a
free room in a show. You think the you think
the stock market is a game, No way, you need.

(34:55):
You need to have your investment policy put together and
a process put together that works. I remember this is
alf the time I just popped my hand. I was
on vacation. This was almost eight nine years ago, maybe longer.
It was with the family and we were in Italy

(35:17):
and we took a drive out to Medana, which is
where Ferrari is located. We want to see the Ferrari
factory in the museum, and we also got to see
it was another supercar maker named Pegani and got to
go through their factory and watching watching this and put
together and make these you know these car At the
time that Pegani was like a two million dollar car

(35:41):
and watching the stuff being handmade and the process that
was involved. Process wasn't exciting and working on these carbon
fiber parts putting them into the oven. If there was
one thing wrong, poop, it was done away with. But
the end result, wow, take a look at these cars.

(36:04):
The process, the process is boring, but it works. It's
what the end result is. You know, you're trying to guess,
you're trying to change based upon who the president is
or who the president isn't or who this is that

(36:26):
it doesn't it doesn't work. These tons of Colintons aren't. Oh,
what's gonna happen in the markets? If Truck is president?
What's gonna happen in the markets? If Harris was president?
Then you know they put out all of those columns.
Let's go let's go back if you will, let's go
back to our twenty sixteen. Did they have any idea

(36:47):
that COVID was gonna hit and the things that were
gonna happen there? This is why people that go online
with the Robinhood and all these day traders lose again.
You want to trade, you know who you're trading against?
You know, how do you know who you are up against?

(37:07):
You're up against the Citadels of the world. You're up
against the Goldman Sachs, the JP Morgans. That's your competition.
You realize that over ninety five percent, over ninety five
percent of the transactions done every single day in the
stock market are done by institutions. They're done by institutions.

(37:28):
Let me put it to another way. Okay, how many
of you out there have ever played how do you
play a sport? I'll throw it this way. Football, Okay,
I was. I gotta go back. I was pretty good
football player. I was a pretty good football player. But
in high school, I was, you know, five ten, I
was about one hundred and ninety five pounds, played middle linebacker.

(37:51):
Now I've been to a pro football game. By any
illusions that I could get on the field and actually
back even you know when I was young and compete
at that level, No way, no, how ahh not gonna happen.

Speaker 2 (38:13):
Why in the world.

Speaker 4 (38:14):
Are you trying to compete and try to out trade
these big institutions out there. They will drink your milkshake
and they know it. This is why they want you involved.
They want to pick your pocket. I told this story before.
This is back back in the nineteen nineties. I'm being interviewed, Oh,
what are you think about the future of you know,

(38:35):
managing people's money and financial advisors is with all of
the America trades and the E trades and this trade
and that trade. And I laughed, I said, who do
you think funded all of these firms? The big firms.
They want suckers out there, They want greater fools that
are gonna do stupid things at their money. You're trading

(38:56):
against them. It's like, you know, I mean, like the
Kansas City chiefs, you know, uh, you know, picking their
schedule for the entire year and lining up, you know, continuously,
either the Jets or the Panthers. That's what they do.
Don't be a greater fool. Do things the right way.

(39:17):
Get to our website. Sign up for our personal c
FO program. Learn how we've been doing it for three
decades plus for our clients. Watchdog on Wallstreet dot com.
Watchdog on wallstreet dot com. We'll be back.

Speaker 1 (39:46):
Well known author, investment banker, consumer advocate, analyst trader Chris
Morkowski is the watchdog on Wall Street, exposing the lines
and myths that the big broke bridge firms. The mainstream
press and the government are pushing to keep Americans away
from financial freedom.

Speaker 2 (40:06):
You can't handle the true.

Speaker 1 (40:08):
Roof bringing America the truth about what really happens in
the financial world.

Speaker 3 (40:13):
Ladies and gentlemen. We're out here to indulge in fantasy,
but in political and economic reality.

Speaker 1 (40:18):
This is the Watchdog on Wall Streets.

Speaker 4 (40:23):
Ah, alrighty, welcome, Welcome everybody. It's the Watchdog on Wall
Street Show. I to continue on here about went some warnings,
if you will, about what's taking place out there for
investors with the environment is like right now and again

(40:43):
this again taking me back to our infancy, the roots
of this program, Watchdog on Wall Street Show. It's called
the Watchdog on Wall Street because that's that's where we
covered ripoffs and scams here, there and everywhere before I
had a raise radio show, warned everybody about the dot
com collapse, warned everybody about and Ron and Dynagy and

(41:05):
WorldCom and all the fraud that was out there, and
we got to laughed at nothing really much has changed
in regards to how things work. You are this is
the reality. People. You are a mark for most in
this business. You are a greater fool. I've chronicled here

(41:29):
on the program. Some of the internal emails that I
got a hold of taking place set JP Morgan, Goldman, Sachs, Merrill, Lynch,
Bank of America, Wells Fargo between the various different workers
and parties there and what they think about you, their customers.
They're there to get your money out of your pocket

(41:52):
and to put it into theirs. There's that scene in
the movie The Wolf on Wall Street where Matthew McConaughey
is talking about that job is a take clients money
and put it into your pocket. I had that exact
phrase said to me back in the nineteen nineties when

(42:13):
I again first couple years in the business, sales manager
upset because I wasn't doing enough in commissions, wasn't churning
my book enough because he gets paid off that wouldn't
listen to him. Ah, you're never gonna make it this business, Markowski.

(42:34):
That's not the client's money, it's your money. That's a
direct quote. That's what they think. And part of the
ruse is people is that you think that there's justice
on Wall Street, You think that there's justice in this
investment world. Do you think you've got your sec you

(42:55):
think you've got your finra right, Oh you can. You
can sue and go to arbitration, which will take you
years and cost you a fortune. Why why do that?
Why do that? Why? Why put yourself in that situation?
Why would you? Why would you work with entities that

(43:19):
are essentially omnipotent No matter what they do, they're never
held responsible. But let's talk about this. It's ket it's
in the news now, but it's a very upset about
you know how the pharmaceutical companies get a pass on vaccines.
I got to pass on the COVID vaccines. I got
to pass on other vaccines. They can't be held liable

(43:40):
if something goes wrong based upon what happened to me.
It almost killed the vaccine almost killed me. I've told
that story here on the program. I can't sue, I
can't sue, Well you can, Well you can. We can
still suit a big brokerage firms and what But what's
going to happen. You're going to go head to head

(44:01):
with their lawyers, and let me tell you something, you
can't afford their lawyers. They'll probably settle with you, they'll
give you something, and they're gonna walk away. And it's
a bloody parking ticket. Just put it in perspective. You
know which JP Morgan has spent just on their just
their legal fees, just their legal fees fighting customer complaints

(44:26):
in the past two years, two billion dollars, two billion dollars,
you know, Goldman Sacks, Golmenan Sacks, they got Oh, they
became a commercial bank, right they and they decided they're
going to do a credit card and they got Marcus
there all the people that were defrauded with that. Oh,

(44:52):
I got it, huge people calling up charges weren't made
on their card. Goldman Sack's not doing a card. Oh
they got fined, They paid sixty four million dollar fine.
Who got the money, Well, the government got the money.
You didn't get the money. I can go on and
on and on and for the life of me. Okay,

(45:12):
you want to use one of these big banks, because again,
they're gonna lend your money. You're gonna get a loan,
because that's what banks are supposed to do, supposed to
be a business lending money out Why in the world
would you ever allow them to manage your funds. Why
when they have proven time and time again, these big
outfits that they could care less about you. You don't matter.

(45:36):
You are a number. And no matter what they do,
no matter who they rip off, no one's gonna be
held responsible. They'll pay a fine and they'll walk away,
and that fine is nothing. It's a cost of doing business.
It's a kin to a bloody parking ticket. Let me

(45:56):
let me tell you something else that's really upsetting to
me and happening in our industry. One of the things
that we do at Markowski Investments is we know you
know that they're finding Finding good financial advisors is a
difficult thing. It's few and far between, and many many

(46:19):
good financial advisors are they want to retire. They can't.
It's a lot of work that's involved, everything that goes
along with it, all of the compliance that's involved that
they you know, again, they might not have any family members,
they haven't been able to bring anybody on to help
deal with some of the work, and they're looking to retire.
And we have been helping people. We've been helping good

(46:41):
advisors around the country, bringing them on board, helping them
through the process. We're starting to to manage their clients. Well,
there's a new uh, new player and many players in town.
Private equity. Private equity is taking a look at the

(47:01):
financial advisory industry and they're licking their chops. They're licking
their chops. And what we're seeing right now is these
private equity firms've got no experience managing anybody's money, but
they got a lot of cash. They're convincing, they're convincing
many advisors to sell their business to them, and they're

(47:24):
writing big checks. They're writing big checks. So again, we're
good at seeing trends what's going on. We're seeing an
incredible amount of a lot of our new clients that
are coming in, new members of the Markowski Investments family,
are coming from well, from these private equity advisory firms

(47:48):
that have been put together because they're getting their butts
handed to them after their advisor sells. Now, I'm sorry, Okay,
I understand, understand. You know, you work your tail. This
is two advisors out there and you're getting to that
point when you want to retire, and the private equity

(48:09):
firm is dangling all sorts of cash in front of you,
All sorts of cash are gonna buy your book of
business and you can walk away. Okay. Again, it's like
there's like a devil and an angel on your shoulder
like an animal house. Here, I ask yourself question how
your clients are gonna do or are they going to

(48:30):
actually be taken care of by this crowd? Man? Is
this a warning warning to too many people listening to
this program? Right now? You have an advisor that, oh,
thinking about retires selling my business to so and so.
Who are they selling it to? Are they selling it
to a family run company or are they selling it

(48:52):
to a private equity firm? Are how many people? How
many clients that we've gotten because these private equity firms
have taken over these family advisories and they're firing clients.
Say no, nope, you don't have over a million dollars. Sorry, goodbye.

(49:15):
We would never ever do that. We help everyone out. Listen, people,
you have to be on your guard. I have gone
off on private equity for years here on the program
and what they have done to many companies. All right,
for crying out, like you know that they're looking to

(49:36):
actually get into the hvac business and buying up hvac companies.
They don't care at this point in time. They really don't.
And it's like I said, it has nothing to do
the corporate raiders from the nineteen eighties was a different
ball of wax. They are going to churn and burn
that book of business. They've got to get a return

(49:58):
on their investment for the shareholders of the private equity firm.
Trust me.

Speaker 3 (50:04):
I know.

Speaker 4 (50:06):
You don't think that they've They've made us the offers
at Markowski Investments. Oh, Chris, you know your brothers can retire,
You'll have generational wealth. You won't have to worry about
doing the radio show anymore. You can do it if
you want to. Think of the freedom that you're gonna have.
I know exactly what would happen. They would buy up

(50:28):
my business and they would churn it and burn it
and spit it out. So this is this is a
message to advisors that this was programmed. And this is
a message to clients of certain advisors out there when
they're telling you, oh, I'm looking to sell, I need
to retire because again, by law, your advisor has to

(50:52):
have a succession plan. By law, you might want to
ask your advisor what his or her succession plan is.
You don't want them all of a sudden saying you
know what, I'm selling to a private equity firm, and
then you're lost being managed by some incompetent boob right

(51:13):
out of college. It doesn't know what they're doing. Is
I have to pay them anything? That is the people.
This is the reality of the terrain right now. I'm
warning you, okay. And like I said before, I tell
my kids every single year, you gotta buy me a shirt. Dad,
what do you want for Father's Day? I said, go
buy me a shirt that says don't doubt me. Okay,

(51:33):
and just read it. We see what's happening. We see
the writing on the wall, and it's every single day, Oh,
so and so private equity buys this family office, so
and so private equity buys this advisory firm. And I'm like,
oh no, these poor clients, these poor clients, because again,

(51:55):
how do you make it work, how do you make
it workers that they pay to buy the business. And
then again, they have kids, kids, no experience whatsoever. Oh,
they might be friendly, and they're definitely you can mold them,
you can tell them what to do, but they don't
know what they're doing, and people are losing big time,

(52:19):
not to mention some of the nefarious types of investments
that they're putting people in more alternative crap more you know,
private equity nonsense that they don't belong in, alternative investments,
high risk. Just dealing with another one here in North Carolina,

(52:40):
another private equity firm out there putting people in elderly
people into high risk investments. Oh yeah, those sugarcoat it.
Don't make it sound like it's awesome, but it's not.
We're here to help people, you know. We say we're

(53:01):
here to answer your questions. Okay, we're here to answer
what we're gonna level with you, tell you what the
situation is. Man. I invite you. I invite you. Contact us,
get to our website, go to Watchdog on Wall Street
dot com, send me an email, call me. People are
shocked several times this past week. This is Chris. Yeah, yeah, yeah,

(53:27):
you know, I put my pants on just like you do.
I'm not too good to answer the phone and help
anybody out. That's what we're all about. That is a
Markowski indifference. You're dealing with one of us. You're dealing
with the Markowski. Sign up for our personal CFO program,
Watchdog on Wall Street dot com. Sign up for our podcast,

(53:51):
our newsletter, account repair kits, you name it all. Sorts
of great stuff there at our site Watchdog on Wallstreet
dot com, or give us a call eight hundred four
seven one fifty nine eighty four. That's eight hundred four
to seven one fifty nine eighty four.

Speaker 1 (54:27):
Bringing America financial freedom, one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (54:37):
I actually had this question presented to me. As presented me,
it was it was kind of funny. It was some
markets went up like gangbusters to day after election. Why
did that happen? Exactly? And again, you know there's more
buying pressure than selling pressure. But if someone held a
gun to my head and I couldn't give that answer,

(54:59):
and I had to tell somebody why why I thought
the markets were up to that degree? It was pure
and simple, in my opinion. The end of red Tape Nation.
I've written extensively about red tape and regulations and what

(55:19):
it does to this country. Colin I did talking about
the Liliputians on steroids, where all the Liliputians are tying
down Gulliver's that's government. That's what government does to entrepreneurs, entrepreneurs,
business owners, people who take risks to me. I've talked

(55:43):
about this. They're my heroes. They're my heroes. Yeah. Do
I love athletics and watching people excel in athletics. I do.
But man, I'm jumping up and down when I see
a successful business, a great idea, a successful restaurant. Do

(56:06):
you understand again, It's one of the best things about
what I do for a living. I have small business
owner clients all over the country and to watch them
grow their business and to watch them overcome obstacles and
achieve goals and be successful. It's a rush. It is,
it really is. Again. I love to coach kids too.

(56:29):
I love to see kids overcome obstacles and achieve goals
and build I love to see people build generational wealth
over time. This is I mean, this job is great
for me. I love that stuff. That fuels my adrenaline.
But we need to have more of that. And again,

(56:51):
that's what separates this country. Is truly great about this country.
Nicholas Nassim Talub talked about that we've got all these
holidays here in this country. Celebrate this, celebrate that meanlyah
entrepreneur Day. That's a day that we should have. And
we live in a country and environment where it's okay
to fail multiple times and pick yourself up and move

(57:13):
on and try again. However, however, the government, the government
makes that quite difficult in many respects. Years ago, I
was during the Obama years. I was describing the environment
at the time, because it was one regulation after another,

(57:36):
regulation after another rule after another rule. I said, it's
like getting up in the morning. You're a small business
owner and you look outside your window and your your
whole yard and driveway is a minefield. It's like a
demilitarized zone. And every single day or you try to
spot the mind so you can, you know, basically, get
to work and do your business, run your business. And

(57:58):
the next day you wake up, you look, got the window,
and they moved the mines again. And that's what it's like.
And I'm gonna be honest with you people. Many people say, hey,
it's not worth it. It's not worth my time, it's
not worth my effort. Just put this into perspective. During
the Biden Harris administration, they added on almost one point

(58:25):
eight trillion dollars in regulatory costs on Americans. One point
eight one point eight trillion dollars. Just to put this
in perspective. Okay, under Obama, Obama was four hundred and

(58:47):
ninety billion. Under Trump it was three billion. Because you
do remember one of the things that Trump was doing
as well was what was he was for ever every
new regulation, he was forcing him to get rid of
some ridiculous regulation somewhere else. We need more of this.

(59:07):
We need to get rid of red tape nation. Another
thing I want to talk about, and again, this would
be fantastic for our economy, fantastic for just for growth
and the future. Get rid of the damn subsidies. Get
rid of them. Even Elon Musk, Elon Musk want to

(59:31):
ask about it, and he gets a seventy five hundred
dollars tax credit for the Tesla's being sold. He he
talked about the Inflation Reduction Act, all this good green
jobs of get rid of it, get rid of it all.
But you know you also got to get rid of
you gotta stop subsidizing oil and gas. Survive on your own,

(59:51):
don't survive on more taxpayer money. All subsidies do is
it keeps companies afloat that might not might not should
be a float that should probably die, and it makes
our prices go up. Watchdog on Wallstreet dot com. Watchdog
on wallstreet dot com. We'll be back.

Speaker 1 (01:00:15):
You're listening to the watch dog on Wall Street taking

(01:00:38):
Wall streets liars, crooks, and cheeks out behind the woodshed.
You're listening to the watchdog on Wall Street.

Speaker 4 (01:00:46):
Yeah, No more n subsidies. Why do we subsidize gas stations.
Why in the world do we need to subsidize charging stations.
Get rid of it, Get rid of it. If the
gas station wants to put up a charging station, let him,

(01:01:09):
let him invest in it, let him put up a
charge station, let him charge what they want for it.
Taxpayers shouldn't have to subsidize this nonsense. Think about thinking
about that. The things that are most subsidized in our society,
what do you think they would be? Oh yeah, you
get to college, education, healthcare? Right boy? Yeah, huh. The

(01:01:30):
costs on those things come down. No, No, they need
to do away with this. And again, I'm sorry, I'm sorry.
Oh I know, because you get Republicans and Democrats. They
love to show up at projects, and they love to
bring their little golden shovel and they love to you know,
dig a hole in the ground and get their picture taken.

(01:01:51):
Then both sides. Both. I made fun of Donald Trump
with the fox Con plant in Wisconsin with Scott Walker.
You know, you know what they're doing at that fox
complant right now. I'm not kidding you. It's a wedding
haul billions. They're holding weddings there. No, No, we don't
need you know, need to give taxpayer money to billion

(01:02:14):
dollar corporations. There are a billion dollar corporation. Let them
figure it out by themselves. Anyway. And this is some
of the stuff that it that it leads to. You're
taking a look at what's going on in the auto
industry in this country right now. Ford for just announced that, Yeah,

(01:02:35):
they they're gonna they're stopping production of the F one
fifty Lightning pickup truck. They're stopping production. Yeah. The funny
thing is, and again I don't know how these people
get their jobs. They sold twenty two thousand of these
Ford F one fifty Lightnings. They were supposed to sell
one hundred and eighty thousand. They are losing billions of dollars,

(01:03:01):
billions of dollars on making electric vehicles. Why well, because
the government told them to, Government ordered them to. Marising
Mayor p Now I'm farcing you gonna buy an electric vehicle. No,
but you're forcing the car companies to manufacture them. And
when they're losing their shirts because they have to make

(01:03:22):
a car that nobody buys, it drives up the price
of another car. It doesn't make any sense. Let the
market decide. Stay out of it. Anyway. I gotta move on,
you know what I want to hit onto. I have to.
This is going back a little bit, back to some
of the politics. Forgot to mention this first hour of

(01:03:45):
the program, we were delving into it watching watching some
of the establishments Republicans out there talk about Donald Trump
and the end of the Republican Party. Who's officially the
end of the traditional Republican Party and the Party of Reagan.

(01:04:06):
I'm tired of hearing that crap, because let me let
me give you a bit of history. First and foremost,
the establishment types hated Reagan. They wanted no part of Reagan.
They didn't didn't like Reagan at all. And as great
as Reagan was, Reagan wasn't perfect by any stretch. The
imagination the death of the Republican Party great. I think

(01:04:31):
it's fantastic, Okay, I don't like the blue blood Republican types.
The Republican Party, by design, should be the working man's party,
the party of level playing field, of opportunity, of building
and growing. That's what it should be, and that's what

(01:04:55):
it needs to get there. That's where it's going. This
old old school fuddy duddy nonsense that people keeps people
keep heartening back to. Are you out of your mind? No, No,
we need to get back to. You want to talk
about a real Republican youre talking about the Republican Party
that was non interventionists. For crying out loud, there wasn't

(01:05:17):
looking to start wars and remake entire parts of the world.
Nothing wrong with that. That's what we need to get to.
And again, you know it's gonna get hammered on. It's
gonna get hammered on. Any sort of new idea. Remember
the Tea Party, As I was heavily involved when the
Tea Party first started. Text enough already, what do they

(01:05:39):
what do they do with the Tea Party? Demonize that ah,
a bunch of wack of news out there, and ah,
and they all sorts of nasty names they were calling.
Wait a second, the entire idea was just to curtail
government intervention and government spending. But they wrecked it. Well
they firstly the Republicans infiltrated it. Remember when the Tea

(01:06:00):
Party first started, there wasn't allowed, didn't allow, didn't allow
any politicians to be involved. That was a good thing.
Another thing I wanted to touch on Joy read Joy read
Joy read on air. This is during the election night

(01:06:21):
called the state of Florida fascist and this again ticks
me off. Either she's really really stupid or she is. Well,
just the stuff that she's spewing is just evil. She's
knowingly misleading people. How is the state? How is a

(01:06:42):
state that is all about freedom, all about the constitution,
a state that said, hey, enough with these stupid COVID regulations,
this doesn't make sense. We're opening up. How's a state
like that? A state that is running a budge surplus,

(01:07:02):
a state that's that's able to count votes in an hour.
Can you explain to me how that state is fascist? No,
she's just upset because Ron Desantas has done such an
unbelievable job in this state that Donald Trump almost won
by two million votes. Watchdog on Wallstreet dot com, Watchdog
on Wallstreet dot com, don't go anywhere but if you do,

(01:07:25):
make sure you get to that website Watchdog on Wallstreet
dot com or personal CFO program all sorts of great stuff,
Watchdog on Wallstreet dot com, or give us a call
eight hundred four seven one fifty nine eighty four days
go Sumbcordly.

Speaker 1 (01:07:54):
This is the Watchdog on Wall Street.

Speaker 4 (01:07:58):
It's not that difficult, people, really, is it. You make
a product. You make a product at a fair price,
quality product at a fair price that people want to buy,
and where you go you're able to sell that. You know,
while we're seeing auto manufacturers here, you know, shut down

(01:08:19):
idle plants all over place. And I just hear in
Europe as well. We'll get into Europe next hour on
the program. Geez, how is it that Toyota is making
additional investments here in the United States? Expanding billions of
dollars in what evs? No hybrids? Hybrids?

Speaker 2 (01:08:40):
Why?

Speaker 4 (01:08:41):
Well, people want them, people want the hybrid. But again,
we would have known that, and all of these corporations
would have saved ungodly sums of money and their workers
would have made more money, the workers at Ford because
of the losses, the losses that they're taking it forward
because EVS cuts in to Ford's profits. They get bonuses

(01:09:04):
based upon the company's profits. So stupid anyway, quickly on
this one. Honestly, God bless, God bless Robert F. Kennedy Jr.
God bless him again. He was I might have voted
for him. I might have voted for him if he was,

(01:09:24):
you know, actually running, and he had gotten to a
point where he was a viable choice. And quite frankly,
quite frankly, I listen, you know, the Democratic Party want
no part of him whatsoever, no part of him whatsoever,
which is kind of sad. But he was actually he
was asked a question. Was it was actually Chris Como's
program talking about how he's going after all of these

(01:09:45):
big entities out there, and the calling listen, whether he's
gonna live, They're gonna come after you. And his answer,
his answer is something wonderful, something all we all we
should all do, We should all aspire to this. There's
a lot worse things than dying, and one of those

(01:10:06):
things is living living like a slave. Are having you
your children lose all of the freedom so that many
generations of Americans die to give us and to protect
we have to be willing our generation to make sacrifices
to make sure that we don't lose them. We've seen

(01:10:28):
the unprecedented attacks on our freedom of speech, our freedom
of worship, on the amendments of the Constitution over the
past three years, and it's important for everybody to stand
up and say, we're not going to do this, even
if there's some risk involved, reputational risk, salary risk, we
need to make sacrifices for our country.

Speaker 2 (01:10:50):
Amen.

Speaker 4 (01:10:51):
Amen, how olu you God bless that statement. Robert F.
Kennedy Junior. That's what we need to do. Build, create, protect,
and teach whatever the costs. Watchdog on Wallstreet dot com.
Watchdog on Wall Street dot com, don't go anywhere, We'll
be back.

Speaker 1 (01:11:14):
Chris Markowski is the Watchdog on Wall Street, the dog,

(01:11:38):
the only man who is taking on the Wall Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:11:46):
Yeah, no, luh, No Mary Poppins here, no spoonful of
sugar to make the medicine go down, Like we have
in our intro, I'm Gorn Gecko Political and economic reality,
and we got to go over some of the economic
numbers because no one's really reporting on what's really going

(01:12:06):
on in this country. Go back to the Job's report
that came out. Private jobs declined by twenty eight thousand.
Government jobs. That's what we need. More bureaucrats, more more
government workers looking to kill pet squirrels and raccoons that

(01:12:30):
grew by forty thousand. Think about that, and not to
mention the fact that we have been lied to over
the past year, the revisions downward for the jobs and
jobs Friday when they were porting on the jobs number

(01:12:50):
revised down by almost a million jobs. Does that sound
like we're pulling now you're taking a look at the
internals here in the US manufacturing again. Oh yeah, bboll yeah.
I have to Harris on the campaign trail by it.
Oh yeah, manufacturing is doing great here in this country. Well, no,

(01:13:15):
you are what your record says you are. The manufacturing
sector in this country has been in a recession for
twenty four months. That is the longest streak that we've
had since the nineteen nineties. It has shrunk twenty three
out of the past twenty four months. This is despite
your Inflation Reduction Act, despite your Chips Act and all

(01:13:40):
you're the crap that you're doing. It ain't working. How
do you spend trillions and trillions of dollars on all
this stuff and have it go nowhere nowhere again, and
then take a look at real estate here in this country.
I'm gonna I'm going to talk about commercial real estate first, Okay,

(01:14:06):
right now, Right now, we are looking at numbers commercial
real estate sector that we haven't seen since two thousand
and eight. Since two thousand and eight, These banks right
now are playing extend and pretend. But the reality is
they can't. They're not going to be able to pretend

(01:14:28):
that much longer with rates where they are. And I
know we've talked about this here on the program, and
I be honest you, My fear is I can't no
more bailouts, That's all I gotta say. We had. We
had another round the freaking bank bailouts during the Biden administration.
Taxpayers on the hook again because these were well connected

(01:14:50):
banks out there in Gotifornia. I don't want it. Let
the banks fail, you made poor choices. Let the prices
these buildings come down, Let them come down low enough.
I don't care. That'll knock them down, and build something new,
something that is going to be viable. That's how it's
supposed to work. We have to stop stepping in as

(01:15:14):
a nation and subsidizing poor choices. People have to learn
to lose. You make bad choices anyway, this as well,
and I feel for young people. I really do. The
average age the average age of US home buyers right

(01:15:36):
now is fifty six years old, fifty six years of
The median for a new time home buyer is thirty eight,
and that's going up from thirty five to thirty eight.
Not affordable, not good? Why oh why could that? WHI

(01:16:00):
is this? Yeah? But kamala half, it's gonna get about
I twenty five dollsand dollars aside, and so it's gonna
it's gonna allow for build millions and millions of homes.
Oh stop it, please, Okay. The problem we have. The
problem we have is regulations. We don't have enough inventory.

(01:16:21):
We have we have no outside the box thinking when
it comes to all this commercial real estate and changing
it into something else. We've been subsidizing housing from now
into eternity. And you think subsidizing it more is gonna
make the prices come down. It's part of the reality.
I talk to people in this business and home builders

(01:16:44):
all over the country and many of the young buyers
that they're seeing, even the ones that could you know,
thirty five, thirty eight years old, they're getting help from
mom and dad and grandma because it's gotten too expensive. Anyway,
I mentioned government workers and the adding government workers last segment,

(01:17:09):
and we all again the story went viral. Story went viral.
Where the New York government workers, the New York bureaucrats,
they got their squirrel, they got their raccoon when they
had a bunch of thugs, a bunch of thug government
workers go to someone's home for five hours, five hours

(01:17:32):
the Environmental Protection conservation for New York. Five hours at
someone's house. This is from the owner of the look,
the caretaker of the raccoon and the squirrel. They treated
me like I was a terrorist. They treated this raid
as if I was a drug dealer. They ransacked my

(01:17:53):
house for five hours. They asked me, They asked my wife,
who was of German descent, what her immigration status was.
They asked if I had cameras in my house. They
wouldn't allow me to go to the bathroom on our
police escort, who then checked the back of the toilet
to see if I was hiding anything. They have an

(01:18:14):
animal nonprofit animal rescue. Now, what do we learn from this?
To learn many We can learn many things from this,
many things, but you know, want me to focus on
one one. This story is the reason why, the reason

(01:18:35):
why we have a second amendment. It's the reason why
we have a second amendment. Again, it is to protect
us from tyrants. No, it's to protect us from a
tyrannical government. And in many states, many states, they voted
for tyranny. New York is one of them. Watchdog on

(01:18:58):
Wall Street dot Com, Watchdog on wall dot com is
our seting guy to come part of the Watchdog on
Wall Street family. Watchdog on wallstreet dot Com give us
a call eight hundred four seven fifty nine eighty four.

Speaker 1 (01:19:13):
Where not my work, well known author, investment banker, consumer advocate, analyst,
trader Chris Markowski is the Watchdog on Wall Street. Do
you want to answer exposing the lines and myths that

(01:19:36):
the big brokerage firms, the mainstream press, and the government
are pushing to keep Americans away from financial freedom.

Speaker 2 (01:19:44):
You can't handle the true truth.

Speaker 1 (01:19:46):
Bringing America the truth about what really happens in the
financial world.

Speaker 3 (01:19:51):
Ladies and gentlemen, we're on here to indulge in fantasy,
but in political and economic reality.

Speaker 1 (01:19:55):
This is the watchdog on wall streets.

Speaker 4 (01:20:00):
All right, welcome back, everybody. I'm gonna combine. I got
these these couple points I wanted to make. I think
it's kind of apropos. You watch watch on TV, you
get UH. I will talk about pundits and experts and
Ivy League types and economists telling you what they see

(01:20:22):
with UH Trump's economic policies and Harris's economic policies and
what they mean. Yeah, anyway, I don't lend them much credence.
I don't lend them much respect. I like to follow
people that have actually built stuff, created stuff, accomplish things.

(01:20:45):
And we've been losing We've been losing some a generation
of entrepreneurial giants. I did a bit, you know, not
too long ago on Charlie Munger guy I have a
great deal of respect for And this past week we
lost Bernie Marcus. Bernie Marcus he is one of the

(01:21:08):
co founders of Home Depot. He died ninety five years old.
At fifty fifty years old. He built a business that
has again think about get your arms around this. This
is a guy. It's a guy. He got into Harvard

(01:21:30):
medical school. He couldn't afford to go, went to you know,
pharmacy school at Rutgers. That eventually worked. He became the
CEO of this this se this company called Handy Dan
was a chain of home improvement stores. But he was fired.
He got fired at forty nine years old. There was
some fight over corporate control. So he and Arthur Blank.

(01:21:56):
If you maybe Arthur Blank, he owns the Atlanta Falcons.
And another great and one of my favorites, Ken Langong
founded Home Depot nineteen seventy nine. Nineteen seventy nine. Here
you got a store change the entire home improvement industry. Yeah,

(01:22:17):
you can go there. You can take a class on
how to go about doing things, providing knowledgeable staffers that
can help people out. Four hundred and seventy five thousand
people provide for their families with money that they earn
from Home Depot. Think about the money that has been ade,

(01:22:40):
the wealth that has been created with people who invested
in home Depot twenty three hundred stores in the United States, Canada, Mexico,
millions of people every day quality goods services. Think about
what he has done Yeah. The funny thing is that

(01:23:02):
you watch you watch all these again, that these kids
at these political rallies or any political right, no matter
whether it's it's left right, all over the place worshiping
these politicians. Who are the people that really make the
country work, really make the country work. You had to

(01:23:25):
you had to think about this for a second. You
got you gotta think. You got to think about what
this person's been able to do. That is the again.
And you know he's made a fortune, Bernie Marcus, and
he donated a ton of money. He's a job creator network,
the Marcus Autism Center for Kids. And that's all. That

(01:23:48):
is all well and good. But one of the best
things you can do is you know what, you're helping
people put food on the table, You're creating jobs. These
are the people we need to applaud. These are the
people we need to look up to. I mentioned this
here on the program. Ken Lango another one of the

(01:24:09):
founders at Home Depot, and I highly recommend his book
I've done this before. I Love Capitalism is the name
of his book. I Love Capitalism. Oftentimes, you know, depending
on who you know, I go to a graduation party,
whatever it may be, kids leaven College. You know, I
put a check inside that book and his story and

(01:24:29):
where he came from and where he what he's gotten to.
And you want to contrast that. You got to contrast that.
He contrasts that to the wizards of smart. The wizards
are smart. Like the the economists from all these Ivy
League institutions that put out strongly worded letters. What was it?

(01:24:52):
Was it? How many fifty economists forty nine? I don't know.
The economists signed off on the old Donald Trump's economic
policies are gonna be terrible for the country. Yeah, yeah,
these economists. What I want you to do from now on.
You see some pundit that's never built anything, never created anything.

(01:25:14):
They might be hiding underneath the doctor Moniker or doctor
Roll from them all this Ivy League institution economics, Professor,
I want you to think for you to go to
uh remember Jerry Maguire, Show me the money. Oh okay, okay,
Professor smarty pants, Okay, you think the economy is going

(01:25:35):
to collapse based upon these policies, Show me your portfolio,
Show me the money. What are you doing? Show it
to me? See let me see, let me see your finances.
Let me see. You never show me how much you have,
not asking that, how are you positioning yourself? Well, well all,
and it'll start mumbling and grumbling because it won't do it.

(01:25:57):
They've had no skin in the game. They're to say
a certain thing at a certain time so they can
hang out at the right cocktail parties in certain places.
This again, this is people's stuff that you need to
kind of have to learn in life. At first, two
younger people out there, Okay, what's the source. Oh but

(01:26:20):
he's a college professor, and so on, what have they built?
What have they created? I played that bit here on
the program from Back to School with Rodney Dangerfield and
he's he goes back to college nineteen eighties film and
he's with his son in a business class and he's

(01:26:42):
a professor up there. Oh oh Hody Toddy told them
they're going to build a business from the ground floor
up and this is how we're going to do it.
And here's somebody sitting here's somebody sitting right there that
has built businesses, countless businesses. And the professors argue with him,
time is wrong. My h my best friend, my best friend.

(01:27:07):
And he also he's one of the in my opinion,
one of the greatest, one of the greatest countants going
out there. And he manages obviously my CFO for Markowski
Investments and my family's accountant, but he manages for our
clients also. He's right now, he decided. I laughed at him.

(01:27:30):
I said, what are you doing, man, what are you doing?
And again he's got this thing. He says, I love
this kid. Kid, he's my same age. But he called
we call each other kid for whatever reason it may be.
He is, you know, in his fifties. But he grew up.
He came from very modest means. Is an exaggeration. Let's

(01:27:51):
just leave it at that. Okay, Wor's the worst, horrible upbringing, poverty.
He didn't graduate from high school. He got a g ed,
got a GED and now I can't tell you how
many degrees he has. He collects him. I make fun
of him all the time, and I'm like, dude, you
got like some weird self esteem. They going on, why

(01:28:13):
are you doing this? He's going to Georgetown Law right now,
taking some sort of you know, accounting and real estate class.
And I said, John, I tell you this every single time,
You're gonna take this class. And you're gonna know more
than the professor's gonna know. Yeah, I know, but he
does it. And I hit the phone call and h yeah,

(01:28:33):
yeah he does. You don't understand, Chris, you understand there't
what the world they're talking about. I said, yeah, I do, Yeah,
I do. I like to see people that have actually
gone out and done things and built things and created things.
I mean the comparison here on the program, I said,
you know, your kid wants to be a phenomenal basketball player.

(01:28:55):
Are you going to hire someone who has never played
basketball but has a lot of theory and may have
written a book on how to make a jump shot?
Or you know, you have the opportunity to hire Michael
Jordan to teach your kid. What are you going to do?
Who are you going to utilize? And that's the thing,

(01:29:20):
it's the it's the worldly smarts out there. So Mike
Rose smarts out there that the people in power, the
people on TV, they look down on you. I I've
got clients. I've got clients that are millionaires, millionaires that

(01:29:43):
that came here from places around the globe, that have
a tough time reading, but they have unbelievable skills. Obviously,
they've had a tough that they're doing more now, but
they do something really really well. A skill, a skill,

(01:30:04):
and each of us have I talk about that, finding
out what our talents, what our abilities are, what are
God given talents and a place and doing something with it.
And when you see the job support that was making
fun of it, you got all these government jobs. I'm sorry.
Being a bureaucrat is not a talent, it's not an ability.

(01:30:27):
It's something to pass the time. So you can, you know,
cash a paycheck, do it. Sometimes what you know says, oh,
you know what, I want to do more to help society.
I want to add to society. I want to make
this country better. I want to make my town better.
I'm gonna utilize my talent's abilities and I'm gonna go

(01:30:48):
out there and I'm gonna do that. And you never
know what it's gonna turn out to be. You think
Bernie Marcus and Arthur Blanket and and Ken Landon thought
that they were gonna have thousands of stores, no way,
may maybe had a dream about at some point in time.

(01:31:10):
How are you the same thing? Hey? You sit back
and I said, man, I think about what what? Wow?

Speaker 3 (01:31:15):
What?

Speaker 4 (01:31:16):
When I got started with my brothers and what we
were doing, and our office at the time, and the
grind that we put in and where we're at today.
Any amount of clients that we have and the offices
that we have, and the TV and the radio and
all the voice that we have. You never know, go

(01:31:39):
out there, build, create, protect, and teach. Stop paying attention,
not paying attention that to people. Just get paid to
talk for a living. Yeah, I'm on here, I'm talking.
I am, I am. But we do, we do. There's

(01:31:59):
a difference. Watchdog on Wallstreet dot com. Watchdog on Wallstreet
dot com our site again. Become a part of our family,
the Watchdog on Wall Street Family. Get to our website,
sign up for our personal CFO program, our podcast, our newsletter,
all sorts of great stuff there at the site Watchdog
on Wallstreet dot com, or give us a call eight

(01:32:22):
hundred four seven one fifty nine eighty four.

Speaker 2 (01:32:30):
In the city.

Speaker 4 (01:32:40):
I walk the only road, the only one you should
believe in, math not magic.

Speaker 1 (01:32:47):
You're listening to The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:32:55):
Or Macabady. It is the Watchdog on Wall Streets Shoga
and always honored to have you tuned in to the
big program here. I mentioned this earlier on we talked
a little bit about Europe and this past week it
was interesting. The same day of our election, the German

(01:33:17):
government collapsed. The German government collapsed, they have the coalition
governments there. I follow a lot of the newspapers. What's
taken place over there? You had Michelin tire company France
laying people off, announcing layoffs. Again, it takes a while
over in Europe to lay people off. We already talked

(01:33:39):
about Volkswagen. A lot of weakness, a lot of weakness
over there. And again this is not something we should
be oh, yeah, this is great, this is wonderful. No, no,
we want we want other countries to do well. Again.
Business is fantastic when you have well you can trade with.

(01:34:02):
We want people to be able to buy our stuff
and we want to be able to buy their stuff. However,
they are completely unable to get out of their own way.
It's all they seem to be doing. Quite frankly, their
biggest business seems to be finding American tech companies, going
after American tech companies. Now, a lot of the people

(01:34:27):
out there say, oh god, out of Europe is real
upset right now because Trump is gonna become president. Well,
you know what Trump is gonna do is He's not
going to tolerate this BS and they know it. He's
not gonna tolerate stupid fines and regulations on American business.
He's gonna be like, sure, okay, there you go. Oh France,

(01:34:50):
oh oh, you gonna You're gonna go after Apple, are you?
Oh you go? Okay? Guess what your Your French wine
is double a price here in the United States, pow. Listen,
there are allies over there, and again we should want
them to do well. We want to encourage them to
do well. But the way that they're going to do

(01:35:11):
well is they've got to get out of their own way.
They have to cut ridiculous regulations. They've got to provide
for an environment where you can build and create a height. Listen,
just come from someone I go to Europe often. We've
got clients in Europe. I enjoy it, but let's you know,

(01:35:33):
make no bones about it. It's become an open air museum.
And again, they've got a lot that they could teach us.
We've talked about how they handle their food in Europe
and their process, which is much much better than what
we're doing here in this country, and they need to
take advantage of it. That that's what they need to do.

(01:35:53):
But again, you know, we want them to do well.
We want them to be able to contribute to NATO,
so we don't have to continue to foot the bill
again and again and again. Anyway, pundit Incorporated, pundit Incorporated.
I got to explain to everybody. You'd see these talking

(01:36:15):
heads and they bounce around from one station to the
next station to the next some of them, some of
them have exclusives, are not allowed to bounce around from
place to place to place. Just so you know, they
make a living doing that. That's a job. Let me
explain doing again. It's part of the media, mainstream media,

(01:36:36):
part of the watchdog on Wall Street, access of evil.
They need they need characters, They need characters, and they
also need to create conflict and stories on these various
different networks. So they need people to fill certain roles.
After Trump, we wants to started to run for office,

(01:36:59):
and not after you ran us, but after he became president.
That became an industry. Pundit ink anti Trump, pundit inc
Never trumpers out there. The bill crystals of the world, Neocons,
neocons everywhere looking there, Lincoln Project, Bulwark Dispatch, all of

(01:37:25):
these entities out there. How do you think that they
make their money. I do think the Lincoln Project Bulwar
they make their money. Oh you think that they're getting
donations from people. No, they're getting it from the left.
They're getting it from the media. They're creating and they're
building characters so they can bring them on TV. It

(01:37:48):
was great to see this because I've been pointing this
out in regards to the media for some time. He
actually had Scott Jennings on CNN actually described the whole
never industry as the biggest cons going accomplishing absolutely well.

(01:38:09):
They have accomplished anything they're supposed goals again, never Trump,
to destroy Trump. That didn't work. But they certainly made
themselves a lot of money, taking money from the Libs,
money from the various different networks, and they could go
out there and buy themselves some beach houses and that's
exactly what they did. Anyway, I gotta mention this as well.

(01:38:36):
Get at certain certain times people that are in the
mainstream media they can't help themselves. They can't help themselves.
They should keep their mouths shut, but they're so smug
and arrogant that they can't they can't do it, and

(01:38:58):
they say things that are are quite And it's not
just pundits, it's also politicians. And I told that story
before I get four when we hit Chuck Schumer, Chuck Schumer,
this is Donald Trump just gets electedies on Rachel Maddow's
program and Trump is criticizing the CIA and the FBI
and whatnot, and Chuck Schumer comes down, ah ah, you

(01:39:21):
better be careful because those agencies got six ways past
Sunday going after you, which they did. But then you
had Chris Hayes, Chris Hayes, this time around, the smug
Chris Hayes talking about, oh no, Trump's gonna get the House,
He's gonna get the Senate, he's gonna get the presidency.
We're gonna have to send the deep state in to

(01:39:43):
put a stop to him again saying things the true
things that they believe and that are gonna happen out loud.
Watchdog on Wallstreet dot com, Watchdog on Wall Street dot com.
We'll be back.

Speaker 1 (01:39:57):
You're listening to the hard fl do that. Chris Markowski
is the watchdog of wall st.

Speaker 4 (01:40:25):
Yeah, it's just it's funny. And again I hope, hey,
you're listening to this program. I'm speaking to the choir here.
You just certainly got to talk to young people about
this that look to celebrities and actors and actresses for
political advice. And again, you ever watched them, they never

(01:40:49):
tell you why or are they give you some reason like, ah, yeah,
you gonna vote for so and so, you're gonna lose
your freedom, you're gonna get locked up, you're gonna get
throwing in jail. I'm gonna be moving out of the country.
I mean, it's so stupid. It's so stupid, and I

(01:41:09):
don't know. I think that they're honestly dumb as a
box of rocks, and they actually believe their own bs.
Some of the stuff that you would see it was
actually an election night too. They were talking about They
started saying, oh, geez, Trump is gonna win. Trump's gonna win,
and then they say, oh, we got to eliminate the
electoral college. You actually had some of the full pundits

(01:41:30):
on MSNBC talking about that Trump won the popular vote.
What are you saying? You actually had Rosie O'Donnell was
talking about eliminating the electoral college after the vote and
what good would that have done? Rosie. These people more

(01:41:54):
often than not, again, they may be talented in their
own right, and that they can, you know, they could,
they can pretend, They play pretend really well, and God
bless them. You think I could do with uh, you
know Daniel day Lewis, he never chimes in anything, but
he's such a great actor. I can't do that, and

(01:42:16):
they're great at that. But for whatever reason it may be,
I don't know, they feel like that they have to
voice their opinion on things that they don't have a
clue about. Let me throw this out there because there's another,
you know, big left wing push, especially with the celebrities,

(01:42:38):
because of the Supreme Court, gonna change the Constitution. We're
going to change the constitution and we're going to pack
the Supreme Court. Really really do you hear? Do you
hear Republicans and Conservatives coming out now because of the
wins saying, Hey, we're going to change the Constitution and

(01:43:00):
we're going to pack the Supreme Court. No, because it's wrong. Yeah.
I talked about this past week on the podcast as GK.
Chesterson mentioned this in one of his writings, and he

(01:43:21):
was talking about fences. It's talking about fences, and he
is just saying he said, and I'm paraphrasing, he said,
you know, buy a piece of property. He didn't say this,
I'm saying this, but it's if you have a piece
of property and there's a fence on the property. You
got this big expanse out there. It's an old fence,
and I don't know if I want that fence. You
don't tear down the fence until you fully understand why

(01:43:45):
the fence was put up there in the first place.
You want to go tearing apart the Constitution and checks
and balances and things that were put into place that
have worked quite well. No, no, no, no, no, no, no,
you don't do that. And you've You've actually got these

(01:44:07):
celebrities calling on him now, Joe Biden, and it's not
even Joe Biden. He's not capable of doing it. Basically,
probably calling on the Obama people to do extreme things
now before Donald Trump gets elected. Unconstitutional nonsense. You've got
them calling upon that. What is wrong with you? I

(01:44:29):
have things that I believe in and things that I
want accomplished for this country, But they need to go
through the proper channels. This is what the checks and
balances are there for. You're watching this that's going on.
You're watching the celebrity fools out there say all of

(01:44:52):
these things, and again they don't know what they're talking about,
a lot of times they also act in fear whatever
reason it vb But see it seemed to you like
that they're actually almost forced to say things. That was
actually Musk and Rogan, we're talking about that on their podcast.
So interesting that all these celebrities, all these celebrities that

(01:45:15):
are coming out coming out for Biden very voice fiously
as of late, they were all the same people that
were attending the P Diddy parties as well. Isn't that interesting?
Huh yeah, yeah yeah. P Diddy I think had the
same business plan as Jeffrey Epstein. But we shall see,

(01:45:35):
or like we did with Emstein, maybe we won't. Maybe
P Diddy is gonna end up dying in his cell
as well. Wouldn't surprise me anyway. Watchdog on Wallstreet dot com.
Watchdog on Wallstreet dot Com our site again become a
part of the Watchdog on Wall Street family, our podcasts,
our newsletter, and of course our personal c FO program

(01:45:57):
working with us the Markowski boys. That that's right. Helping
you with everything, whether it be your portfolio, whether it
be your accounting, whether it be your illegal We do
it all. Watchdog on Wallstreet dot Com. We'll be back.

Speaker 1 (01:46:27):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Morkowski.

Speaker 4 (01:46:36):
Yeah, I mentioned, uh mentioned Joe Rogan in his podcast,
and he came out and he he endorsed, he endorsed
Donald Trump again. He had Donald Trump on the program.
Jd jd Vance went on the show and was just
absolutely phenomenal. Has musk on and I am full disclosure

(01:46:59):
of a big fan of his program. Do I agree
with Joe on everything that he says and all the
points he makes?

Speaker 1 (01:47:07):
No?

Speaker 4 (01:47:08):
Does Joe agree with all the people that he brings
on his program and the points that they're making. No.
But he has a conversation. He has a conversation. They
talk about things. He like me. If he says something
he's not quite sure, he's got his He's got a
little helper there, Jamie that looks it up to make

(01:47:30):
sure that they try to get it right. This to
me is a great direction. Again, it makes me pretty
enthusiastic about our future if we can have this type
of discourse and we can head in this direction. I
mentioned it. I mentioned it this time around. I said,

(01:47:50):
wouldn't it be great if we had a presidential debate
and Rogan was running it? It'd be fantastic, must see,
must see TV. Everybody would watch it. But the thing
that we need to know I need to understand about debates,
about debates. I am not a fan at all of

(01:48:14):
public debates. I'm not not. Yeah, and there's a reason.
There's a reason for this, and he s see, uh,
you know NASA. Nicholas Talip actually puts it very succinctly
when he eloquently, quite frankly, when he says, in a
public debate, it is the one whose intelligence is closest

(01:48:34):
to that of the audience who wins. So in essence,
you know politics and you know economics, stuff like that,
the most stupid, the most stupid, uh, ends up winning
in those situations. They end up gravitating down their audits.

(01:48:55):
And I've explained it before, I learned and talk radio.
I see you don't, are you never argue with idiots?
They got way too much experience at being an idiot,
and that conversation is not going to go anywhere. Anyway.
A story that came out came out of November fifth
and I saw it and I was like, Oh, it's

(01:49:16):
Larry Fink from Blackrock how to grow out of America's
debt woes. And I said, oh, I said, Larry's going
to be into Wall Street Journal and he's going to
be pitching for more government involvement and government spending. But
he didn't. And I was shocked by that. And he

(01:49:38):
was talking about infrastructure investment here in the United States,
and you know what we need to do, and in particular,
it really need we really need to build out energy,
really have to go all in when it comes to
basically everything. Nuke, No, not windmills because they're stupid. Nuclear
power is a big one. And you talk about the

(01:50:02):
type of debt that we've obviously amassed here in this country,
and it's patently absurd. His point was saying that man,
if we can grow our economy, we can grow our
way out of our debt. I don't believe that to
be the case. I don't do I think it will help, absolutely,
it's gonna help absolutely, we need to grow the economy,

(01:50:24):
but it has to be a little bit of everything.
When I talk about a little bit of everything, you
need to have elon with this government raising a chop chop,
with Ron Paul cutting all sorts of government waste. And
I said this before I said wow, I mean he
also should raise taxes. No, no, you shouldn't raise anybody's taxes.

(01:50:45):
Nobody should have their taxes raised until the government can
prove that they're good stewards of our money. Let them
balance the budget, let them stop wasting our funds. Then
you want to come back and ask me for more
money so I can pay down the debt. Fine. Watchdog
on wallstreet dot com. Watchdog on wallstreet dot com. We'll
be back.

Speaker 1 (01:51:17):
Taking Wall streets liars, crooks and cheets out behind the woodshed.
You're listening to the watchdog on Wall Streets.

Speaker 4 (01:51:26):
A little bit more on this, on this infrastructure build
out here in this country. And again I want this
infrastructure coming from the private sector, not my tax dollars.
You take a look, between eighteen sixty and eighteen ninety,
railroad expansion accounted for twenty five percent of the increase

(01:51:47):
in GDP. Same thing had happened with highways. The interstate
system drove productivity growth between nineteen fifty nineteen eighty nine.
What do we need now? Yes, We've got data centers
and this is the place, this is where everybody wants
to do business. They're bigger, they're more powerful, and they

(01:52:08):
need energy. The newest data centers require a full gigawatt
of electricity all day, every day. That is the equivalent
to the energy consumption of a mid size city. The
buildings in power supply alone can cost eleven to thirteen
billion dollars. All of these things we need to do,

(01:52:34):
but it needs to come from the private sector. We
do that disguise the limit when it comes to growth.
Are we going to be able to grow our way
out of the debthole that we're in? No? No, but
it will help anyway. I've got to talk about this.

(01:52:57):
We're going to go off the beaten track here a
little bit. I took a trip down I haven't been
able to get down to some of the parts south
here in Florida where the hurricane did unbelievablemounts of damage.
I live in Tampa, Florida, and it did a ton
of damage here too. But it was really bad on

(01:53:18):
some of the Barrier islands. And I went down to
a place memories for me again. I used to go
there when I was younger, when I was a kid,
my grandparents lived down there. It's in Englewood, Florida. It's
in Mannesota, Key. I've yeah, I've seen a lot. I've

(01:53:40):
never never seen the type of devastation that I witnessed.
And you know, the interesting thing was is that I
scanned one of the fishing spots I would go. The
captains that I go out with when I go deep
sea fishing are from in and around the Venice area,
Englewood area. And I remember getting on the boat and

(01:54:01):
you're going on the intercoastal, nice and slow, and it's beautiful.
But I see all these small houses, all these old
homes right on the water. I'm gonna say myself, my
Goddess Storm comes through. This is going to be a mess.
And it is. You can see some videos online on

(01:54:22):
YouTube and whatnot, but quite frankly, videos don't don't even
do it justice and just how bad it is. You
know beach that we used to go to, you can't
you can't even go on it. They literally have a
mountain of sand, a mountain of sand that they have
to go through all of sand. They actually have to

(01:54:43):
clean the sand because it's all contaminated before they put
it back. This area of Florida's I got a small
time old Florida feel to it. This This year's season
is gone, and I don't even see how it's going
to be plausible that it's going to come back next year.
But the residents are dealing with they're they're dealing with

(01:55:04):
their insurance companies. Some people they don't have insurance. I
got a lot of elderly people that have been into
these very old homes that are just absolutely destroyed. I've been,
you know, basically bouncing ideas around in my head and
trying to figure out a way where maybe you can
get some of these people to work together, work with
the county and zoning and maybe they'll be able to

(01:55:27):
sell their property to a developer. I mean, they can't
afford to rebuild. The new building costs are much much
more expensive than they used to be, and they don't
have the funds. Again, there's not a lot of good options.
Just trying to figure out what the best options would be.

(01:55:48):
But you know, one of the things that that, again
I've found fascinating. These people are allowed to get FEMA
checks seven hundred and fifty dollars, seven hundred and fifty dollars,
and not only you know, that's that's basically here you go,
here's nothing. They have to fill out a ton of

(01:56:12):
paperwork in order to get their seven hundred and fifty dollars. Now,
I am a I'm a libertarian. I am a small
government guy. I am and I think that the you know,
we should limit limit what government can do and what
they should do. But I'm sorry, I'm sorry. We should

(01:56:38):
be able to do more, and we could do more.
We just again, we're not the priority. I mentioned this
last week on the program Priority versus Priorities. Oh, we're
a we're one of the priorities, but we're not nearly
one of the top. And like I said, there's no
such thing as priorities. You just focus on the priority.

(01:57:00):
The priority should be what is best for the American people.
We send billions and billions and billions of dollars all
over the globe, seven one hundred and fifty dollar checks.
That's what we have for the people back here. Are

(01:57:20):
you kidding me? I'm sorry. I'm sorry. We need again
as a nation, as a nation, we gotta rethink all
of this money that we're spending, where it's going, and
how we could better help our citizens here and again,
I'm not for big government programs, long time social welfare programs.

(01:57:46):
I've talked about the fact that welfare is like a
drug here in this country. Truly helping somebody out. Yeah,
you help somebody out when they're down, you pick them up,
but you also help them get back on their feet
so they can do things on their own. Seven hun
and fifty dollars check. That's that's the best we can do. Again,

(01:58:10):
in my opinion, shameful. Shameful anyway, Thanks for tuning in everybody.
As always the watch Dog on Wall Street Show. It's
available to you every single day our podcast. Can sign
up for that at our website at Watchdog on Wallstreet
dot com, our personal CFO program, all sorts of great
stuff there Watchdog on Wallstreet dot com, or give us

(01:58:32):
a call eight hundred four seven to one fifty nine
eighty four. God bless everyone. We'll see you so close
to come