Watchdog on Wall Street: Podcast for Weekend of January 4 - January 5 2025 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, analyst, trader.
Chris Markowski is the watchdog the Wall Street. Do you
want to answer exposing the lines and myths that the
big brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom.

Speaker 2 (00:28):
You can't handle the true.

Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.

Speaker 3 (00:35):
Ladies and gentlemen. We're out here to indulge in fantasy,
but in political and economic reality.

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

Speaker 4 (00:44):
All right, welcome everyone, Welcome twenty twenty of five. As
it turns out, twenty twenty five, people, is the twenty
fifth anniversary of this very radio show. That's right, twenty

(01:06):
five years we've been on the air. Wow, it's kind
of amazing, quite frankly, and I, you know, I start
thinking about it a little bit and again, how my
my memory works, My file those file cabinets, those files
in my brain that pop open various different shows at

(01:27):
different points at time. It's been something. We're the longest
running financial program in the country. And God willing, God willing,
I got another twenty five years in me. We did it.
We did it differently, you know, the old Frank Sinatra.

(01:48):
I did it my way, I did, I did, and
you know started out. We could have taken a different direction,
could have taken on a much more commercial route, could
have done by sell or hold. But one thing that
has always driven has driven us here at the Watchdog

(02:11):
in Wall Street show Markowski Investments is a code. In
my opinion, one of the greatest television series of all
times the show The Wire. And in the Wire there
is an outlaw, an outlaw in the show. His name

(02:32):
is Omar, Omar Little and Omar had a line in
the show okay says a man man got to have
a code. Now. Omar was a guy that he was
a criminal that robbed drug dealers, robbed other criminals. But
he had a very strict adherence to principles never harm civilians.

(02:59):
In the show, they called at the game, you were
part of the game. You weren't part of the game.
The whole drug game never harmed civilians. You never lie,
and you never break your word. And the irony is
on that television show that he was probably one of
the more honorable characters on the program, certainly more honorable
than the politicians and many of the people in the

(03:21):
police department, other business people on the program. Man got
to have a code. This program was never about from
the get go, never about being the most profitable program.
It always, since the beginning, it's always been about dialogue.

(03:43):
It's always been about the spelling narratives. It's always been
about telling the truth as best we knew how day
in and day out. I do believe. I do believe that,
and I thank God all the time that it kind
of pointed me in this direction, and many things that
have happened to me throughout my entire life kind of

(04:06):
pushed me to doing this program. When I was a kid,
younger age, I remember many you know, you have these
these very vivid memories when you're a child, certain things
happening and school and interactions you may have had with
people in positions of authority, school teachers, coaches, whatever it

(04:27):
may be. I always was a very opinionated person, always
very passionate throughout my entire life with my opinions and beliefs.
And I always had a strong, strong distaste for injustice.

(04:49):
And you know, one early childhood memory of mine it
was it was when I quit the boy Scouts. When
I quit the Boy Scouts. I remember We're on a
camping trip and and we had these little dessert things
we were making on the campfire, kind of like s'mores
but a little bit different. And our group went last

(05:10):
and we had ours, and then they were going to
go around and do another round over the fire, and
when it came to us again, we didn't get ours.
All of a sudden, the Scout leaders are like, no
time for everybody to go to bed, and I was agrib.
I started arguing with discut is just how is this fair?
How's this fair? All the other groups got to have,
you know, two portions of dessert, but not ours, And

(05:32):
I got into an argument with him, and I was
ticked off and I ended up I ended up quitting
it that I didn't like it. Another vivid memory, you know,
playing Little League baseball, and I remember there was like
five five dads coaching the team, and it just so
happens that, you know, the kids, the kids who's dads

(05:52):
were coaching the team with the kids that played the
entire game, and I knew, I knew in my heart.
I said, I'm better than this, and this is just
not fair, and it's just not right. And you know,
things like that always aid at me throughout my entire life,
the need for being fair and justin I talked about here.
I coach my kids, and I had a conversation with

(06:14):
my member. This conversation with my children was coaching them
when I'm younger. I said, listen, I'm not going to
do this unless you fully understand that I'm going to
be ten times harder on you than everybody else out there,
and you've got to earn everything that much more than
anybody else on the field, because I don't want to
give any appearance of not being fair. This show has

(06:37):
always been about I guess you want to call them.
Let's call them liberal principles, because that's what they are.
Free speech, open inquiry, rational debate. I always say it.
I'm an equal opportunity basher here on the program do
I have, without a doubt my libertarian conservative belief system.

(07:06):
But I watch what goes on. I see the narratives
we do hear on the program, and we try to
dispel him all the nonsense that is being shoved down
everyone's throat all the time, the amount of bs that
has perpetually piled upon the American people in so many

(07:28):
ways has always disgusted me. Again. We started this program
taking on Wall Street, the Watchdog on Wall Street show,
going after the crap that the big firms were pushing
on people, the petty stock firms were pushing on people.

(07:50):
And we've called it right again and again and again again.
Willing we're going to be able to continue to do
this moving forward. We like to talk about truth here

(08:11):
on the program. Truth is not a relative term. Did
a couple of shows on it this past year. This
idea out there, my truth, that's my truth. I'm speaking
to my truth. You don't have one. You don't have one.

(08:32):
It's not it's not something that you can decide upon.
That stupid Calvin Klein commercial My truth, Mike Calvin's No. No,
people are are are getting tired of all this nonsense,
all of the bs that's out there, Oh guys or

(08:53):
girls and girls are guys and pronouns and woke and
all this this garbage, all the garbage they threw at
us when it came to COVID, all of these things,
foreign policy, weapons of mass destruction, lie after lie after lie.

(09:14):
These our people quite frankly that they don't have a code.
Well they do, they do. They love power and they
love money, and it's again, it's all. It's all about themselves.

(09:35):
It's never about the greater good, it's never about what's
best for everyone. There has to be certain things people
that at some point in time you have to say no.
To give you an example of this, and I get
pitched all the time. Oh, Christian show is growing, podcast

(09:59):
is growing, and all this stuff. You need to get
more involved in social media and Instagram, and you gotta
be posting pictures of yourself doing this and doing that
and all these things. I'm like, no, no, that that
type of stuff makes me sick to my stomach. Yeah,
but it's gonna help your show to grow, and you

(10:22):
know you're gonna put more money in your pocket. No, no,
it's wrong. I am not going to make decisions for
Markowski investments, the Watchdog on Wall Street Show that are
there to just benefit myself, my family, my business, my

(10:46):
bottom line. It's bigger than that. There are more important
things than that. I could be retired right now if
I wanted to. I'm not. We're not here. We talked
about all the advent of all the online trading and

(11:08):
the apps years ago, before Robinhood was a big deal.
They wanted us to do it here and I said,
no way, no how, people are gonna lose a fortune.
I can't do that. I can't in good conscience look
myself in the mirror and do something like that. Who
cares if it's legal, it's wrong. Too many people out

(11:35):
there feel that capitalism to them is getting over on someone. No,
it's not. You have to put the interests well for us,
we have to put the interest of our clients, our

(11:56):
listeners above our own. But if you do this in
your everyday life and in all things, in all things,
treating the people that you're doing business with as if
they are family. Not only yeah, you're gonna still be

(12:20):
able to make a living, You're still going to do well.
You're gonna have a successful life. You're gonna be a
much happier human being. And guess what, the world is
going to be a much better place. Our system, our system,

(12:40):
and our founders knew this. John Adams talked about this.
It needs a moral center, it needs it. Did this
idea out there that you know, Wall Street and business
has to be cut throating, chop them down and crush others. No,
that's nonsense. Why it's nonsense. Take a look at Markowski Investments.

(13:05):
Take a look at what we have done over the
past thirty years and what we have accomplished. It doesn't
have to be this way. Competition is important complaisenes excellence
that I get that, But it's not about getting over
on other people. Am I out trying to out compete

(13:27):
everyone in my Absolutely, but that should be basically lifting
the bar for everyone. If your business is about short
term gain so you can pad your bottom line by
taking advantage of someone else, that's a lousy business man.
We've talked about this for some time. Build, create, protect,

(13:55):
and teach. That is something that we all have to do,
something we all have to do. And if we do that,
that's true. Again I've said that before. Yeah, you want
to make America great again. Don't look to Donald Trump,

(14:16):
don't look to Elon, don't look to vivec. Don't look
for all these other people to do it for you.
You can do it in your every day life with
the you know, I think about the amount of interactions,
the amount of business you do on any given day, year, month. Again,

(14:38):
that that's that is that is a positive call it
a positive virus, a great thing that could spread. And
that's that's what we've always been about here on this
progress why we're the longest running financial program in the country.
That's why we didn't want to do a buy, sell
and hold show sponsored by x y Z whatever it

(15:00):
may be. We never took a sponsor. Have you noticed
what our sponsor for twenty five years, who's told it
was impossible? No time, so I adds, it's been a
you know, it's it's it's brick by brick. It's a
much slower process. But there's a right way and a

(15:21):
wrong way of doing things. A man gotta have a code,
Omar little what's your code? What's your code? What do
you live? What are what are the rules? What are
the things that you live by? I am I'm looking

(15:44):
forward to a very, very exciting twenty fifth year of
the Watchdog on Wall Street Show. I got a book
coming out in a couple months, a lot of great stuff.
I want remind everybody, Okay, become a part of our family.
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com

(16:04):
is our site. Get there, take advantage of all the
great things we have. Sign up for our podcast, our newsletter.
Of course, our personal CFO program. Become one of our
family Markowski Investments, Watchdog on Wallstreet dot com or give
us a call eight hundred four seven one fifty nine

(16:25):
eighty four.

Speaker 1 (16:44):
Ticking Wall Streets, Liars, crooks and jeets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.

Speaker 4 (16:54):
Welcome back. Ever ready, many changes over the years. Hey,
I have it. Twenty five years ago. It was no podcasts,
there wasn't vlogs, there wasn't social media or any of
that stuff. I had a funny I gotta share with
you this. I got a kick out of this.

Speaker 1 (17:09):
Though.

Speaker 4 (17:11):
I get more and more younger people, more and more
younger people tuning into the program, and they're doing it
obviously via you know, Spotify and Apple and YouTube and
these other places that the show goes out on now
and I'm gonnadmit it. I gottait When all this stuff
was happening, I was like, oh, I was a bit concerned.
It's a bit concerned. I said, geez, I'm you know,

(17:32):
I've been on radio for so long and this is
where but he gets it and I'm still on radio.
But again, I had change and adapt and reach out
to them. But uh, college kids reaching out, Oh boy,
you know, I said, don't get yourself in trouble. They
now have. I guess it's a drinking game, a Watchdog
on Wall Street drinking game. When they're listening to the

(17:52):
podcast in this program, every single time I give some
obscure reference, they take a sip. I said, make sure
it's just a sip. Anyway. Anyway, listen if you're new
to this, this program that we're all about hearing. What
we do at Markowski Investments is we help everybody. Okay, yes, yes,

(18:16):
Do we have all of the people in place that
a family office would have. Can we cater to people
that have, you know, families one hundred million dollars? Yea,
we do all that, okay. But one of the things
we do not do, which all the other family offices
do and all the other highly regarded c CFP firms do,

(18:39):
is we do not show people the door. Everyone is welcome.
Everyone is welcome here, and we handle you with the
same dignity and respect that anybody else could. It doesn't
work that way in other places. Do you understand all welcome?

(19:00):
That's what our personal CFO program is all about it
drives me nuts. Again, a story after story. We're gonna
get into something to it later on in the program. Today.
You know, financial savings, financial crisis, and retirement crisis and
all this, and a lot of it has to do
with the fact that, you know, nobody cares about people

(19:23):
until they become wealthy. In this industry, nobody does, and
it drives me bonkers. They actually run it in their advertising.
Or if you have over a million dollars in investable assets,
or if you have over five million dollars, if you
have five hundred thousand dollars, give us a call. Oh really,
Oh really? So if someone is just getting started and

(19:45):
they've got fifty one hundred and two hundred thousand dollars,
you're not worthy of your advice. Come on, man to matter.
You're not selling Ferraris and Gucci handbags here, okay, But
you're too good to spend time with these people and
give them advice. And I've said this again and again
and again. One of the most rewarding things that we

(20:07):
have done, my brothers and I have done in our
career is help people build wealth. That's what it's about.
Get the help you need, get to our website, Watchdog
on wallstreet dot com. Watchdog on wallstreet dot com. Sign
up for our personal cf O program, our podcast, our newsletter,

(20:28):
all sorts of great stuff Watchdog on wallstreet dot com,
or give us a call eight hundred four seven one
eight four.

Speaker 1 (20:37):
Man Chris Borkowski is the Watchdog on Wall Streets bringing

(21:01):
America financial freedom one listener at a time. You're listening
to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (21:11):
Here we go. I'm already to sub reference again, so
I'm going to start because I you know, it's my nature.
I sub reference all the time. Here I'm gonna start worrying,
I say, as a college kid's taking a sip of
beer or something like that. But anyway, Heisenberg and the
stock market breaking bad. I'mber mister White, Walter White, Heisenberg

(21:32):
and he, you know, crafting his his blue crystal meth,
purest crystal meth that's out there. And I was thinking
about that when I saw this story. In regards to
options contracts, forty eight million options contracts changing hands daily

(21:56):
on average, record record, and some of the contracts that
are actually being traded are again it's basically gambling. They
are the zero day to expirey options, the zero dt
E trades. They make up more than half of the

(22:20):
options activity tied to the S and P five hundred. Now,
you take a look at the movements in the markets
on some days and again, new listeners, young people out there,
why did it do this? Why did it do that?
Like I have an answer, I've never had an answer,

(22:42):
but I tell you right now, the market on a
daily basis is on Heisenberg's crystal blue persuasion meth. From
breaking bad. You can get some extraordinarily violent moves for
the stock market in either direction based upon all of

(23:02):
this options trading that takes place. Now, let me explain
to you something. Okay, one of the wealthiest guys in
the country, one of the wealthiest guys when it comes
to Wall Street, is a guy, yeah, I from Citadel, Okay, Griffin.
He he basically has put this this whole thing together.

(23:26):
He is driving this casino. People are gravitating to it.

Speaker 1 (23:33):
There.

Speaker 4 (23:33):
There is an actual piece in the Wall Street Journal.
More man are addicted to the cocaine of the stock market.
Gambler's anonymous meetings are filling up with people hooked on
trading and betting apps make it easier as ordering takeout.
I'm laughing and I'm like, yeah, but again, this is

(23:55):
this is really nothing new. It's really nothing new. I
talked about, you know, back in the nineteen nineties, when
you know, they had an e trade center in Midtown Manhattan,
which to me, I basically called it at a casino
because that's what it was. People would go there during
their lunch break and tried their trade their way to riches.

(24:16):
How'd that work out? It's gone, It's gone, and people,
as usually will lose a fortune. That's part of the trick.
People Wall Street will design vehicles and they call them
investment vehicles. They're not investment vehicles because it's not investing,

(24:37):
it's betting, it's gambling. I back in the nineteen nineties,
before I had this show, I wrote a column about this.
I remember what I said. I said, listen, I said,
if you want to gamble, go to a casino. Go
to a casino. I don't gamble. I've never placed to
bet my entire life, but I do know that if

(24:59):
you you go to a casino and you spend a
significant amount of money, what are you gonna get they're
gonna get buffet. They may throw your free room. Maybe
they'll give you tickets to a show. When you become broke, busted,
and disgusted in the markets, you're gonna get nothing. They
design these vehicles because they understand it's Wall Street. Does

(25:20):
they understand human nature? They understand that you're gonna get
suckered into this, and people do again and again and again.
Why do you think there hasn't been a single discount
house out there going all the way back to the
nineteen nineties. Well, why what do you think Robinhood is
going to start advertising the fact that most of the

(25:40):
people that work through them lose because they do they
do you think that you can out trade Ken Griffin?
You think you can out trade Goldman, Sachs, Morgan, Stanley, Merrill, Lynch.
You are the fish in the barrel that they shoot

(26:01):
when you think that you're smart and you can trade
the market on a daily basis. This is nothing new.
I've given you guys to quote about this the old
It was JP Morgan back in the day talking about
how snocks eventually returned to their rightful owners, and it

(26:22):
was an arrogant statement, meaning what he knew people will
do stupid things with their money, and yes, I'm sorry
people stupid. One of the funniest things though, this story
about the crack cocaine the stock market. It came out, Yeah,
it was over right before Christmas, December twentieth. Right after that,

(26:45):
Oh my god, Jim Kramer on Mad Money starts warning
people about day trading. Jim, you run a show where
you're doing bye bye bye, sell house out hold on
what are you talking about? Man? You make a fortune
off of the people out there doing dumb things with
their money. Why do we win? How do we win?

(27:08):
How does Buffett win? How does Druck and Miller win?
How do sick? I mean, how do we win? We
make money slow? I have no bloody idea what the
market is going to do today, this week, this month,
this quarter, nor do I care. It doesn't matter to

(27:31):
me even trying to pay attention to those things. And
again without every bloody day, Chris, can you come on
our show to talk about what the markets are going
to do with them? No? No, because I don't know.
I don't know. And if somebody claims that they do know,
they're lying to you. Build wealth over time. There is

(27:54):
a right way and a wrong way. Have to take
a break. Watchdog on wallstreet dot com. Watchdog on wallstreet
dot com. When you're tired of losing your shirt, when
you're tired of losing money and you decide you want
to start building wealth, Hey, get to our website Watchdog
on wallstreet dot com. Sign up for our personal CFO program.

(28:18):
All sorts of great stuff there Watchdog on wallstreet dot com,
fifty nine eighty four. We'll be back.

Speaker 1 (28:50):
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 (28:59):
Okay, I got this show is uh you know, it's
not for the weak minded and the soft out there.
It's a bit of a life lesson. Again, I got
a lot of younger people out there. You want to
surround yourself with people in life that care about you
enough to tell you the truth when you're being a jerk,

(29:23):
or you're out of line, or you're heading in the
wrong direction. True friends, true friends, what will step in
and there will they'll tell you that people that actually
care about you will do that. I've often tried to
get across the wep and see, and I say, I'm
not Mary Poppins, no spoonful of sugar to make the
medicine go down. I know, I'm very well aware of

(29:48):
the fact that I tick a lot of people off
here on this program. I offend people and their sensibilities,
and many times, many times skick isn't a lot of
people just like to be told what what they want
to hear rather than what they need to hear. So
I mean, I'm just getting you ready, okay, because uh,

(30:11):
I got a sinking suspicion. I'm gonna get some nasty
emails this week. But that's okay, It's okay. I'm not
gonna change who I am. I'm never gonna listen to
your show again. Okay, Okay, you don't have to. I'm
not gonna. I'm not gonna. I'm not gonna. I'm not
gonna lie to you. I'm gonna tell you what I think,
how I feel, and what I believe is right. There's

(30:32):
a story this past week. It's entitled Tom is a
retirement savings crisis Looming? Is it looming? And again it's
it's kind of funny. It's like you get a lot
of these lazy journalists nowadays. Oh, and there's plenty of
them out there that they basically they got deadlines they

(30:53):
have to meet. And you've got various different groups out
there that know this, and they put out press releases,
press releases to journalists all over the country, and journalists
look at us, Oh, I got a deadline. I'll call
this group and I'll ask questions. I'll ask questions about this,
and I'll craft myself a story based upon their narrative

(31:14):
and actually doing any real journalism. So, okay, I'm gonna
talk about this retirement savings crisis and the ai RP
and what they're pushing when we get back. Okay, put
your seatbelt on, everybody. Watch Dog on Wallstreet dot com.
Watchdog on Wallstreet dot com, our site, we shall return.

Speaker 1 (31:40):
You're listening to the Watchdog on Wall Street.

Speaker 4 (32:01):
On the first part of.

Speaker 1 (32:04):
This is the Watchdog on Wall Street.

Speaker 4 (32:11):
Ah, all right, So the ARP put outs this, puts
this press release out and obviously looking for they're trolling,
They're fishing for journalists to follow up on the story.
Tens of millions of private sector workers lack access to
a retirement savings planned through their employer, which experts, top

(32:35):
men experts at the a A r P Public Policy Institute,
Warren could pose a significant burden on future taxpayers. Oh
oh uhh, we got the top people at the aa RP.
How are they top people? What makes them top people?
I don't know. Did they manage anybody's money? No, No,

(32:58):
they're they're not people. They've got cushy basically no show
jobs at the AARP. And you know, they put these
things together and they We're an institute, We're a public
policy institute. We sit around all day. What do you do.
You guys sit around all day smoking a skull bob
for crying out loud, trying to come up with brilliant

(33:19):
ideas whatever. Okay, yes, these hey, you half the workforce.
They're not offered either a traditional pension or retirement savings
plan through their employer. Hey, and I say, this is
a problem that has persistent for decades. This is something
that has been persistent throughout human history. Let me ask

(33:43):
you question. Do you think that the small shops that
were down there in the Lower East Side and people
coming in from Ellis Island, do you think that they
had a retirement plan back in the day? What about
subsistence farmers. Yeah. April, aar ARP survey showed that twenty

(34:03):
percent of adults at least fifty years old had no
retirement savings, and more than half were worried that they
would not have money to support them in retirement. No
retirement savings. Listen, all right, I don't like how the
system is set up here in this country. I wish.

(34:25):
I wish that people were able to put money away
tax deferred, more money tax for without having to have
a four to h one K through an employer. But
we do have there is you can put money away
in an ira, in a roth ira. Those things are
available to you. And even if you had a four

(34:49):
to oh one K plan at your employer, you have
to put the money in there so you could all
buy your lonesome all by yourself, just like you know,
just like you have to take a shower every day,
and just like you have to brush your teeth. You know,
you can't all buy your Loadsome start doing the right
thing and putting money away. So this this expert here,

(35:16):
David Chung, Senior Strategic Policy Advisor at the AAARP. Wow,
I wonder did the ARP do they give medals? They
have to wear certain things on their AARP uniform, making
him the strict senior strategic policy advisor. Anyway, he said
that individuals in their fifties and early sixties who are

(35:37):
facing retirement without enough savings in the midst of the crisis.
He says, for society as a whole, it's not a
crisis right now, but it's pretty inevitable that it will be.
It's a really significant problem that's going to affect us
all because if we're not the ones with the small
retirement savings to supplement so security, we're gonna be the

(35:58):
ones who are paying the taxes to help people who
don't have that opportunity. What do you mean that opportunity?
Each and every one of us has an opportunity to
be personally responsible and to put money away and prepare.
He says if many people lack adequate retirement savings, they

(36:20):
will likely require more forms of public assistance from nonprofit
organizations or government programs. This could include support for healthcare needs. Gee,
I thought we had this thing called medicare. Could be me,
call me crazy, housing or other essential services. I get
aggravated when I see stuff like this because the solution

(36:42):
to this problem it's been around for thousands and thousands
of years. There, buddy, you know, I'd like to say,
what's his name there? John? There? What David John? Their
senior strategic policy advisor. Yeah, there's a solution to this,
been around for thousands and thousands and thousands and thousands
of years. It's called family. That's right, That's right, it's

(37:08):
called family. Wow. What You're not gonna take care of
your grandparents. You're not gonna take care if your your
your mother, your father, if need be well, we need
we need. That's that's what we've decided to do, is
we decaid discard the family unit as a society. I'm
not gonna be bothered with that. Oh, with the government

(37:30):
take care of that. What's wrong with you now? Again
is what I'm gonna tick a lot of people off.
Take a good hard look in the mirror. Oh no,
if I could do that, I can't get along with
my mother and my fire. I gotta want to be
bothered with that. You don't want to be bothered.

Speaker 1 (37:50):
Again.

Speaker 4 (37:50):
This is not something you should be patted on the
back floor for doing. This is something you should just do.
You get it. This is where family steps in to
help one another. Certain things are going to happen. This
is how we're challenged in life to look beyond ourselves

(38:11):
and our own selfish needs. Here need only damn government programs.
And we just came to the understanding that not only
do we belong to one another, but most certainly belong
to one another when it comes to our families. And
sometimes it's messy, sometimes it's sticky. I get all that,

(38:32):
but that is your responsibility. This is all of our
responsible were supposed to take care of one another. I
mean he is. David John Senior Strategic Policy advised the
AR pro we got to come up with government solutions
and we need more NGOs and more of this stuff
to solve all these problems. No, you don't night out

(38:56):
solutions been right there. It's been there for thousands and
thousands and thousands of years. Again, okay, like I said,
uh jag, a little pill, not Mary Poppins, no spoonful
of sugar to make the medicine go down. It's what
we need to do. Watchdog on Wallstreet dot com. Watchdog

(39:17):
on Wall Street dot com is our site again. Become
a part of the Watchdog on Wall Street family. Don't
go anywhere we'll be back.

Speaker 1 (39:28):
Chris Morkowski is the watchdog on Wall Street. Well, no
one altered investment banker in the summer Advocate, analyst, trader.

(39:52):
Chris Morkowski is the watch dog on Wall Street. Do
you want to answer exposing the lies and myths that
the brokerage firms, the mainstream press, and the government are
pushing to keep Americans away from financial freedom.

Speaker 2 (40:07):
You can't handle the truth.

Speaker 1 (40:09):
financial world.

Speaker 3 (40:14):
Ladies and gentlemen, We're not here to indulge in fantasy,

Speaker 1 (40:18):
This is the watchdog Wall streets.

Speaker 4 (40:23):
Dig diggit detect my uh disdain for the aa r P.
The last second, I have my reasons. I have my reasons,
and first and foremost, the aa RP. They love all
of this retirement problem. They love all of this stuff

(40:46):
because without them, they wouldn't exist, they wouldn't have anything
to do. I'm gonna I'm gonna task you with something
right now, and again, this could be a bit painful.
It's gonna involve a couple of things. It's gonna involve
you to you want you to go back and it

(41:06):
depends on your age. Okay, may I want I want
you to go back when you were younger with your
you know, high school jobs and college job, when your
your first your first big job. Now it might be
ten years ago, it might be twenty years ago, might
be thirty years ago. And I want you to go
and I want you to calculate. You can do this.
You can actually go to social Securities website. Go to

(41:27):
Social Securities Webeita. You can find out how much money
you have paid in, you have paid into the uh
social Security or you're withholding taxes. But then again, you
also have to understand your boss. Okay. And if you're
self employed, you know you put that in as well,
also contributed as well. And again people are like, oh,

(41:51):
that's an employer contribution. No, it's not really an employer contribution.
It's your employer putting your money in. That's all it is.
There's a cost to employing you. Okay, So try to
figure out how much money you have put in on
average over the past ten, twenty or thirty years, depending
on how long you've been working. Okay, then what I'd

(42:12):
like you to do is to pull out a compounding calculator.
Pull out a compounding calculator and actually take that average
number and put it in over that period of time.
And what I want you to do is I want
you to give a level of return that you know
that doesn't have to be the S and P average

(42:33):
a conservative, but you know, decent level of return over
that period of time. And I want you to see
how much money you would have today if your Social
Security contribution actually was invested in a halfway decent, prudent manner. Okay,
you're gonna be sick to your stomach because you're gonna

(42:56):
say to yourself, Holy cow, Holy out. You know, I
retire it, sixty two, sixty five, whatever I decided to retire.
Did you see the type of money you'd be pulling in?
You see the type of money you would be pulling in? Yeah,
this is I think Daniel Patrick Moynhan Democrat Center from

(43:19):
New York Back in the day, I was ASKEDHI about
you know, why don't you try to privatize and invest
sol security money. He's like, Ah, yes, you know, it's
because then everybody be wealthy and it all become Republicans. Yeah, yeah,
they love solid security. Arp love social security when it
is a Ponzi scheme, a failed government program, failed government

(43:45):
program that is progressive as hell, that's not one of
the taxes. That just makes me disgusted. I talked about
this here on the program. Cut a deal. Can us
people that they don't want any part of it, Just
let us out, Just let us out. Say hey, listen,
enough are going to be a great deal to cut

(44:06):
with people out there. Say hey, listen, you can I,
you know, basically, decline any Social Security money. I don't
want it. I'll tell you what. I'll continue to pay
into it. I will continue to pay into it, but
I don't want to get it. The only thing I
want you to do is I want you to allow
all my retirement accounts, all my saved. I want to

(44:27):
be able to withdraw that tax free. I think that's
a fair deal. They won't do it. They won't do
it anyway, all right, twenty twenty five predictions, But he
likes predictions. Listen. I've been following what's been taking place
in the economy. We've been very clear, okay that despite

(44:53):
despite the numbers that are being presented to we the
people air bit of a fougazy. We all know this
when it comes to jobs. All it comes to jobs.
I remember people, that was a debate on CNBC this
past week. These guys, Oh the economy is what's stronger
that everybody's letting on to. It's economic growth? Is it
over three percent? I mean that's not true. Okay, it's not.

(45:16):
It's not real growth. It's fake. It's government money. It's
government spending. It's printing money to people. You do understand,
Do you understand? I just did a podcast on this.
This has never happened in history, the first time in

(45:39):
history where the Federal Reserve, where the Federal Reserve has
cut rates by one hundred basis points and the yield
on the ten year has gone up by one hundred
basis points. It does again. No and no one into

(46:00):
financial media even wants to touch this. They don't want
to touch it. They don't even know how to handle it. Oh,
Jay Powell and the Fed, and we need to have
the Fed. Why what what have they gotten right? Can someone?
I want somebody to let me know what has the
Fed gotten right? Here'll play the little game. Okay, what

(46:21):
is the Fed gotten right over the past ten, twenty, thirty, wow,
forty years? What have they done correctly? What have they predicted?
The four hundred plus PhD economists? How is it that
this program has been able to call inflation that wasn't transitory?

(46:46):
The problems with the housing market, the financial crisis, the
fact that margin rates were too low in the lead
up to the dot com collapse, a myriad of different things.
I don't know if I do not have at Markowski
and estimates four hundred PhD economists, nor would I ever
hire them even if I had the money to do so.

(47:07):
I would rather hire the guy that runs the laundry mat,
that owns the diner, that owns the restaurant, that owns
the construction company, because they know a hell of a
lot more about the overall economy than these ridiculous PhD
economists do. They're useless. He was he was again, classic classic,

(47:29):
This guy is again. He's he's the Fed whisperer. Over
at the Wall Street Journal, Nick timoreros Fed whisper Here
is his article, the Fed is trying again to size
up Trump. The Fed. I don't even know these people

(47:50):
at the FED know the recipe for ice. They're gonna
try to size up Trump. South Park actually made fun
of all of these wizards of smart back. It was
an episode that they had in the wake of the
financial crisis called Margaritaville. It was funny because one of

(48:10):
the kids eventually makes his way to Washington, DC with
all these smarty pants is out there and they're all
sitting around in a circle wearing those like wigs that
they wear kind of like in England when I guess
they wear it in their court system there. And their
decision on what to do financial decision was based upon
cutting the head off a chicken and having it run

(48:31):
around until it, you know, landed a spot on the
board telling it what to do. Again, there's no rhyme
or reason. Could you tell me why the Fed it
just loard rates when inflation is running hot? Nope, I
don't know why. Oh it made any sense to me.

(48:52):
Here here's another one, Nick Carmareros again the next big
FED debate has the error of very low rates ended?
Well again Nick, Nick, I'm gonna explain to you something. Nick.
You know that the first mortgage that I had, first
mortgage I had is higher than the mortgage rates than

(49:14):
they have right now. When we had rates at those levels,
you know, was you know, lower than three percent, not
too long ago. Yeah, that was artificial, buddy, That was
that I was at artificial. They had rates down at
those levels when the government was just basically flying over

(49:35):
the country dropping cash all over the place. It doesn't
work this way. Here's some numbers for you to tell
you what happens. Okay, this is, this has happened. This
has been happening for some time. Okay. The median family
income in the United States has gone from ten thousand

(49:58):
dollars and nineteen seventy one nineteen son interesting year. Great
albums came out that year. By the way, I was
born that year ten thousand and nineteen seventy one, to
about fifty five thousand dollars today. It's a gain of
five and a half percent, or five and a half times.
Excuse me. Now. The median cost of a car has

(50:24):
gone from four thousand dollars to forty eight thousand dollars.
That's twelve times. The median cost of a house has
gone from twenty five K to three hundred and fifty
seven thousand dollars. That's fourteen times. The median cost of
a private school college education has gone from three K
to eighty seven K. That's twenty nine times. The average

(50:46):
cost of healthcare per person has gone from four hundred
dollars to fifteen thousand dollars thirty seven times. Now again
people be like, well, you know, the car's gotten so
much better. Come on, man, these are things that you
need to live on and need to survive on here
in the United States, and they've gotten out of control,

(51:10):
and they've gotten out of control because people have decided, hey,
you know what, let Washington handle it. Let's let Washington
handle our problem. Let's come up with another government program again.
I get Great Society stuff again. Nineteen seventy one, not
too far after LBJ Great Society. Everybody looked to Washington,

(51:32):
DC to solve this, that and the next thing. And
we don't have enough money to do it. So let's
just print last hour I gave. I basically gave a
lecture about the need for us to rely upon each other,
the family unit, your community, build, create, protect, teach. Stuff
we talk about all the time. When we decide to

(51:55):
usurp our responsibilities only as American citizens, but as human
beings and look to Washington, to d C and our
elected officials to do this crap. This is what happens.
This is what happened. You hand them all the power,

(52:16):
they're gonna take it. Hey, people, you know you want
to know where the most you know, some of the
most expensive zip codes in the country are. They're all
surrounding Washington, DC. All the lobbyists, all the money, all
the powers there. How that happened, Well, you gave it
to them, You gave it to him. Yeah, yeah, I

(52:39):
rather watch Netflix. I'd rather do this. I rather No,
you gave it to them. You listen to their promises
of this nonsensical utopia. This is why we have inflation.
They can't collect enough taxes. Heye, we already went over
that here on the program, don't we just well, we

(53:01):
just confiscate Elon and Jeff Beas, just cofiscate all of
their wealth. It won't be enough. It won't be enough,
and it's never going to be enough until we decide,
as people say, you know what, let's start taking responsibility.
Let's start taking care of own communities. Let's start taking
care of our own families. Stop looking to Washington DC.

(53:26):
We have to stop spending money at some point time,
at some point in time, it has to stop. Then
I'll overbreak again, same crap happened again. Oh we got
the bill down a four hundred p on what they got.
What was the size of the bill that they had

(53:47):
the spending bill still, Oh yeah, we got money in
there for bioweapons, this and money for Ukraine, all this
other crap. Handouts, this, handouts, their money here, money there.
It's come on, people. We can get aggravated about it,
but hey, we keep voting for it again and again

(54:08):
and again. Gotta take a break. Watchdog on Wallstreet dot com,
Watchdog on Wallstreet dot com again. Become a part of
the Watchdog on Wall Street family. Get to our website,
our personal CFO program, podcast, newsletter, all sorts of great
stuff Watchdog on Wallstreet dot com, or give us a
call eight hundred four seven four.

Speaker 1 (54:48):
You're listening to the Watchdog on Wall students.

Speaker 4 (54:57):
Normally ye first episode of the year, every every year,
going back some time. I can't remember where I wrote
the column I was entitled resolution Reality. I I'm talking
about New Year's resolutions, and again I'm not a big

(55:19):
fan of them, and I've been bouncing it back and
forth in my head, and you know, lately haven't seen them,
and say, well, maybe you know, maybe people just need
that day. Maybe people need that starting point at some
point time where they say, you know, enough is enough.
I'm gonna, you know, change this aspect of my life.
I'm gonna start going to the gym. I'm gonna start saving,
I'm gonna start reading more. I'm gonna start going to

(55:42):
church more. I'm gonna start reading the Bible. Whatever it
may be, Okay, and you know, bouncing it back and
forth in my mind because I've always said to myself,
if you know yourself well enough and you should try,
I should try oftentimes. You know, again, we're all human beings.
We try to deceive ourselves, We lie to ourselves, and

(56:05):
that's that's no way to go through life. If you
know ourselves well enough, there's no reason to create a
New Year's resolution. You should just make the point of
doing it that day. It's hard, it's hard, and you know,
like I said, I can't do it yourself. You know
you can't. When I say you can't do it yourself,

(56:26):
it's you know, you gotta you gotta involve you know
of God, you gotta involve a higher power and ask
for help. If you truly truly want to change well
Once you do that, it makes it a lot easier.
You know, you kind of give kind of God the
wheel in making these changes that need to take place.
But anyway, anyway, New Year's resolution. You know, I bring

(56:49):
that up because I'm actually gonna do something differently, but
it's a different kind of resolution. I'm it, I'm done.
I'm done. I've always again been. I want to sound
like an old man. And when it comes to this stuff,
you know, I run this, you know, big company, Markowski
Investments with my brothers, and I am you know, still
I write out, I sign many checks every single month,

(57:15):
sign many checks, and again a lot of stuff is
mailed out. No more, no more, I am. I have
decided this year that outside of yes, I will still
send out our Christmas cards every single year. But I'm not.
I'm not. I'm firing the post office. I'm done. You done.

(57:37):
That's all I can stand. I can't stand no more.
As Popeye would say, they it's getting worse instead of better.
I said, I'm getting I have clients all over the country.
Everyone is saying the same exact thing. Mail not getting delivered,
not getting their mail, getting text messages, in phone calls.

(57:59):
You didn't pay this bill. What do you mean I
didn't pay this bill. I'm done. Okay, it's awful. It's
to the point right now where again, so much mail
is being stolen and they don't do anything. You contact
the postal inspector, good luck with that, and they're gonna
contact the bank. You're not gonna deal with that till
six months down the road because the damn postal inspectors,

(58:20):
postal police, whatever they care, they're all part of the
same club.

Speaker 1 (58:24):
Not only gonna get their buddies.

Speaker 4 (58:25):
In trouble that are stealing mail at the distribution centers.
Because it's happening. It is. And let me tell you something, Okay,
the post office needs to be privatized. Post office needs
to be privatized. And let me tell you. Airports need
to be privatized. Amtrak needs to be privatized. The UH

(58:50):
if you can, if you can find a way, privatize it. Okay,
they all needed air traffic controls. I go straight on
down the line. Privatize highs. It all what we need
to have people, I'm sorry, is a mass firing of bureaucrats.
Oh yeah, yeah, that's so mean. People are gonna lose

(59:14):
their jobs. Wait, wait. Yes, people are gonna lose their
government jobs. But guess what, We're gonna have a lot
of job openings. Oh yeah, we are gonna have a
lot of job openings. Let me tell you how. I'll
tell you why. Recent study showed that every bureaucrat, every

(59:38):
single government regulator out there that we pay for, that
we pay for let's just say, one hundred thousand dollars
plus destroys one hundred and thirty eight private sector jobs.
Think about that, three hundred thousand federal regulators. Wow, you
get rid of them, how many jobs we be able

(01:00:00):
to create? Watchdog on Wall Street dot com. Watchdog on
Wall Street dot com. Don't go anywhere, We'll be back.

Speaker 1 (01:00:17):
Chris Markowski is the watchdog on Wall Street, the only

(01:00:39):
man who is taking on the Wall Street establishments. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:00:47):
Yes, sure, I'm sorry. Yeah, we need to uh have to,
must must put government workers into the private sector. I'm
gonna go over this again, okay, really quickly. Okay, you
take a look. You take a look at the lost

(01:01:08):
output in jobs and businesses that were never started because
of government regulators. The numbers are crazy. In fact, we
could continue, we could continue to pay all of these
government regulators one hundred thousand dollars a year, and they

(01:01:29):
could sit at home. They could sit at home, and
they can watch Netflix. But just keep them, keep them
from wrecking the economy. Put this into perspective. One dollar
in taxes destroys three dollars and GDP a regulator, each
dollar in regulator money destroys one hundred and twelve dollars

(01:01:54):
in output. So if you take about three hundred thousand
full time federal govern employees involved in regulations, that's an
annual cost of around five trillion dollars, which is a
third of our economy. You fired, You're fired, You're fired,
You're fired, you fired anyway, anyway, speaking of government regulators,

(01:02:18):
my regulator, my regulator, the Security and Exchange Commission. Well, man,
I'll go back a little bit before we get right.
November of twenty twelve, I put out a column entitled
Time to Get Medieval, Time to get Medieval, and Time

(01:02:38):
to Get Medieval was me basically ranting and raving about
the fact that white collar crime in this country seems
to pay. We don't punish any of these white collar criminals.
And what we do is is they go in front
of the SEC and they get a fine and they

(01:02:58):
walk away scott free. Now the big investment houses out there,
the big investment houses out there, they have no problem
with this is this is factored into their costs. It
is a cost of doing business to them, and they
pay it and a Again, nobody goes to jail. Nobody
is responsible. In essence, who pays the fine. Well, the

(01:03:20):
company pays. No, the company doesn't pay. The company is
a tax id number and a logo, the shareholders of
that company pay, or in essence, they passed that cost
on to the customers of the firm. Well, time to
get medieval. I actually went back and took a look,

(01:03:41):
took a look at how financial crimes were handled in
the past. And what inspired it was Marcellus Wallace character
from Pulp Fiction. And there was a scene in the
movie Pulp Fiction where Marcellus Wallace wanted to deal with
some disgusting, sadistic rapists land. He said he wanted to

(01:04:02):
get medieval on him. Well, maybe we could get medieval
or even past medieval on investment card artists con artists.
We can go back thirty seven hundred years Code of Hammurabbi,
the law of the Mesopotamian land. If anyone violated the
terms of any financial contract, they were put to death

(01:04:23):
as a thief. Yeah, medieval Catalonia. A banker who went under.
Certainly he didn't get any money from the government. No bailouts,
no handouts, no tart program, no bailing out Silicon Valley Bank. Nope, nope, nope, nope, nope.
The failed banker was humiliated by town criers who shouted
the facts of his failure in public squares throughout the land.

(01:04:45):
The banker had to live on nothing but bread and
water until he paid off his depositors in full, and
if he wasn't able to repay, he would be executed. Now,
what do you get? What do you think happened to
all the execs over at Lehman Brothers. What do you
think happened to all the executives over at Silicon Valley Bank?
Matter they're working at a hedge fund somewhere, they're making

(01:05:09):
a fortune somewhere else. I can go on and on
and on with these examples, but I got to kick
out of this story from this past week. Sec The
security is an exchange Commission writes off ten billion dollars
in fines it can't collect, can't collect. Well, I'm just saying,

(01:05:32):
you know, if you owe a certain amount of money
se you know, coach got to show them that you're
going to have some ability to pay it back. These
are for more small time you want to call them
small time conuners. I'm not talking to big banks out there, people,
Ponzi schemes, whatever it may be. Yeah, they they hide
their money and some offshore bank, some sort of system

(01:05:53):
of trusts, and then they moved to the Caribbean or
they moved to someplace where they're not going to be extradited.
We have this thing here in this country. It's called
jail now. You know, listen, I think I think that
if you go into a store and you rob a store,
you should go to jail, just as much as I

(01:06:14):
think if you are a white collar criminal and you
rip people off and you rob them of their money
by lying and defrauding them, you too should go to
damn jail. Could be me, call me crazy fines again.
You know, you can whittle the SEC down to a

(01:06:34):
couple employees if we just handled crime the way it's
supposed to be handled. Gotta take a break. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com is our
site again. Everyone welcome to be part of the Watchdog
on Wall Street family, get their personal CFO program, podcast, newsletter,
all sorts of great stuff Watchdog on Wallstreet dot com

(01:06:58):
fifty nine eighty four. We'll be back.

Speaker 1 (01:07:21):
Bringing America financial freedom, one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski Alrady.

Speaker 4 (01:07:30):
Welcome back, everybuddy. Oh yes, this past year, I've we've
had a lot of fun making fun of the Wall
Street Journal, and we have had our you know, our
ongoing segments on the Woe Street Journal, what we'd like
to call it the Woe Street Journal again. Wall Street Journal.

(01:07:53):
They took a major turn for the worse when Rupert
Murdoch they allowed Rupert Murdoch to buy it. And oh yes,
they got great segments there on wine and fancy cars.
But the journalism has gone into the toilet and they've
got a lot of youngsters working there that again I

(01:08:14):
call it the Wall Street Journal. It's like they come
up with these stories and I don't know how they
find the various different characters to help them make up
their story. I don't know if there's people they knew
at college, or they look for them on social media
or what. But these you know, supposed stories, these journalistic

(01:08:37):
endeavors written by these children at the Wall Street Journal
are kind of pathetic. So there was one this past week,
what happens when a whole generation never grows up? Whole
generation never grows up? I was reminded. I saw that.

(01:08:58):
A couple things came to mind. There was a commercial
for toys r Us back in the nineteen eighties, and
I want to go up Bomber Toys a Russ kid.
And you know, there's a television show Arrested Development. And
I think there was a bad chick flick movie that
I never saw, but I'm aware of it. It was
called Failure to Launch. But anyway, I guess according to

(01:09:21):
the Woe Street Journal, a whole generation never grows up.
I'm in steep declines in home ownership, marriage and birth rates.
Economis economists out there, Yes, we got more got top
men top man out there, warning warning that young people

(01:09:42):
are struggling to meet the Milesstones of adulthood wooh thirty something,
choosing a less traditional path because the goals are out
of reach. And then they find people. Find a guy.
Find a guy in Brooklyn, thirty eight years old, single,
living with three roommates in Brooklyn. Again crammed in there

(01:10:06):
and again sub reference again, three guys living together in Brooklyn.
There was that in nineteen eighties movie Three Men and
a Baby. Three Men and a Baby. We had Tom
Selleck in that ted Dance. They were all really successful
bachelor's in that movie. These guys not so much. Not
so much. He's got a side hustle selling used furniture. Ah. Yes.

(01:10:29):
And then you get all these economists and experts from
these organizations. Listen to this organization. We're moving from later
to never. Richard Reeves, President of the American Institute for
Boys and Men. What exactly do they do there? I
don't know, Institute for Boys and Men. Yeah, they're worried,

(01:10:55):
they're worried about a failure to launch. Yeah, we'll talk
a little bit about this. Uh, when we get back.
The Woe Street Journal rolls on, watch Talking Wallstreet dot com,
watchdog at Wallstreet dot Com. We'll be back America.

Speaker 1 (01:11:19):
This Workowski is the watchdog Wall Street team, This is

(01:11:42):
the watchdog on Wall Street.

Speaker 4 (01:11:46):
We got experts, we got experts, we got economists, we've
got institutes, We've got ng os. Oh no, you can
only kick the can so far down the road. All
these young adults, they can't afford to grow up. Oh,
it's rising inflation and housing costs right right, and again,

(01:12:14):
here here's the here we go. We got excuses. Woe
Street journal written by kids. They've run, They've had tough
economic luck. Many of them entered the job market during
the Great Recession, rode out the pandemic by moving back
in with their parents, and are now dealing with the
worst housing market in forty years. First and foremost, okay,

(01:12:40):
Great Recession didn't last that long. And quite frankly, okay,
if you were young in the Great Recession, you had
a much better chance of getting a job. You want
to talk about a much worse job picture. Why don't
you look, Why don't you look to the earlier parts
of the nineteen nineties. That was bad. I mean, for

(01:13:01):
crying la, you need a bloody PhD to be folding
T shirts at the gap. Back then, that was a
tough jobs market, great recession. Great recession has taken on
this mythological type of a situation. You know, here everyone
got fired nobody, what are you out of your mind? No? No,

(01:13:25):
it was isolated in many respects. But anyway, they started
taking a look at actual numbers in the article, which
is pointing to the exact opposite of the narrative that
they're trying to pitch, talking about how much money these
kids are making compared to their parents, how type of

(01:13:45):
wealth that they have in comparison, the fact that this
age group is in a better place financially on average
than their parents were at that age. They just don't
know it. No, no, no, they don't know it. They're spoiled, rotten,
and they don't want to work. They don't want to

(01:14:07):
put the work, time and effort in. You know, I
have anecdotes too. I have anecdotes too. I've been like
I said, longtime. Listens. No, I've been a coach for
a very long time. And when I first the first time,
I back in two thousand and three. I started off
between late late two thousand and two two thousand and three,

(01:14:29):
started up a lacrosse program down here, and it just
so happens that I happen to be in contact with
many of my players throughout the years. Oh, it's great.
That's one of the great things about social media. And
gee whiz man, doctors, lawyers, business owners, police officers, firefighters,
they're all doing great stuff. How come the Woe Street

(01:14:51):
Journal doesn't contact me with my anecdotal stories about kids
in that age group that are killing it? Why because
they were taught that everything in life that has meaning,
value and worth involves work, time and effort. And again
they got more anecdotal stories in here as well. Here

(01:15:13):
as a young girl, Oh, I'm saying young girls thirty
one years old, thirty one years old, she was valedictorian
of her high school. She lives at home with mommy
and daddy and the same bedroom that she had with
the unicorn wallpaper on it that she had growing up.

(01:15:34):
And she's I'm afraid if I I changed the look
of the room, I'll never move out. But her parents
are like, well, we just we want to. We don't
want her to be pressured into having to take a
job that she might not like to have and make
a living. What what again? No, no, don't doesn't translate

(01:15:59):
in the Markowski mind. Okay, you take whatever job that
you can get to put food on the table, to
provide for yourself. Oh I'm waiting. Oh wait, what was
it that was fun? That was that was actually from

(01:16:20):
Christmas vacation? Wasn't a cousin? Eddie was holding out for
a middle management position for crying out and it used
to be a joke. Now it's acceptable for crying out loud.
They go back to coming to America with Louis Anderson
working at McDowell's. I was like, you, guys, now I'm
washing lettuce. Next year I'm man of fries. Then I

(01:16:44):
make assistant manager and then the big Bucks start rolling in.
This is just how life works.

Speaker 1 (01:16:49):
Man.

Speaker 4 (01:16:51):
You just don't wake up one morning and all of
a sudden, Hey here we go. I got everything. No,
you have to work for it. A whole generation not
growing up. No, it's not a whole generation. It's a
subject of a generation that is lazy, lazy, doesn't want

(01:17:16):
to work, feels like they're entitled, feels like they're entitled
to certain positions. What because they got a major in
English with a minor in gender studies or something nonsensical
like that. No, you could take your college degree, could
put it aside, go out there and grind, go out

(01:17:38):
there and make it happen. Anyway. I got to touch
on this as well. I am not today. I'm not
going to. I didn't do it on my podcast. I
am not getting into the death of Jimmy Carter. Not
There's been various different articles that have been writing about

(01:18:01):
him and his presidency and his post presidency, and I'm
not gonna do. It's all out there. What I instead
I'm gonna do is talk about Joe Biden's decision to
sign an executive order closing closing all executive departments and

(01:18:21):
agencies of the federal government on January ninth, because that's
just what government workers need. Another day off from work.
But again, it's it's democrats. So let's let's honor. Let's
honor democrats by giving them more time off from work.

(01:18:42):
Are you kid me? Yeah? Another payday of off for work,
because because it, Biden says, make sure that you go
to your house of worship and mourn Jimmy Carter. Yeah, yeah, yeah,
that's exactly all those federal workers are gonna do. Watch
Dog on Wall Street Dot cown, Watchdog on Wall Street
Dot count anyway, We'll be right.

Speaker 1 (01:19:05):
You're listening to the watchdog on Wall Students. Well known author,
investment banker, consumer advocate, analyst, trainer. Chris Markowski is the

(01:19:31):
watchdog on Wall Street exposing the lines and myths that
the big brokerage firms, the mainstream press, and the government
are pushing to keep Americans away from financial freedom.

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

Speaker 1 (01:19:46):
financial world.

Speaker 3 (01:19:51):
Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 1 (01:19:56):
This is the watchdog on Wall Streets.

Speaker 4 (01:20:00):
And you see this over the break. You see that
the US Treasury, the US Treasury was hacked. Yeah, Chinese
state sponsored hackers breached the US Treasury departments computer security guardrails,
stole documents. Treasury called it a major incident. Again, did

(01:20:28):
do we do anything right at all in Washington, DC?
At all? First and foremost, I could have this whole
security thing handled in about a half a day. Half
a day. And I don't code, okay, real simple, any

(01:20:51):
sensitive documents, anything that you don't want anybody to hack.
You take off a computer that is tied to the Internet.
Let's think about this here for a second. Shall we
go to Mission impossible one another Markowski sub reference Ethan

(01:21:11):
hunt Okay needs to steal the knocklist from inside the CIA.
Do you remember the elaborate plan that they had to
come up with what he had to do to get
inside the CIA? And then I went through the air
conditioning ducks and hanging there, and the temperature the room

(01:21:32):
couldn't go over a certain amount, couldn't touch the floor.
Guy had to be out. They had to get the
guy out of the office. They had a drug him,
so he was throwing up in the bathroom so he
could get the knocklist. Because the knocklist wasn't attached the Internet,
whither the first Mission impossible? Come out for crying out loud.
They understood back then, if you don't want it to
be hacked, don't put it on a computer that's attached

(01:21:54):
the Internet. Simple, I get. It's just amazing to me
the Treasury was hacked. Have better ways. I mean, if
someone's gonna you know, steal or rob the government or
try to make a fortune out of it, at least
I'd like it to be a little bit more interesting.
I mean even Uric Goldfinger, you know the remember he

(01:22:14):
had Pussy Galore and her flying circus there and ain't
gonna they were gonna put the nuke there and Fort
Knox anyway, I'm getting off the beat truck. Anyway. Anyway,
we got to talk about the Maga rift. Oh boy,
oh massive blow up on social media. Massive blow up

(01:22:37):
on social media. And again to social media. You don't
know who out there is just troll looking to make
you know, a certain group look racist or ugly or
whatever it may be. And it all all had to
do with some comments that were made by Vivek Ramaswami

(01:23:00):
and Elon Musk. I want to I want to actually,
you know I'm gonna do. I wanna go over. Well,
let's deal with the vexs comments, the VEX comments and
how he you know, basically talking about you know, tech
companies here in the United States and uh, the reason
why they're looking and hiring foreign born and first generation

(01:23:21):
engineers over Native Americans. And he said it's not because
that you know, there's an IQ deficit. He said, it
comes down to the word culture. And he said, tough
questions demand tough answers, and if we're really serious about
fixing the problem. We have to confront the truth. I

(01:23:45):
agree with the VEC whole heartedly says our American culture
has venerated mediocrity over excellence for way too long, and
then start in college. It starts young. I talked about
this on my program and things that I was taught

(01:24:08):
ingrained Okay, tattooed on my brain by my father. Right.
My dad had this day all the times. Don't do
things half ass, don't do it. He would get angry
with us if we didn't put give what we were doing,
whatever chore we had, whatever task we had, we worked

(01:24:29):
for our father and his janitorial business. I don't care
if it was pulling weeds in the backyard. Okay. We
had our middle class upbring. My dad was a school teacher,
owned a janitorial business. But let me tell you something.
We had the nicest yard in Kildling, Okay, built by Yeah,
us kids and my dad. You don't do stuff half ass.

(01:24:53):
And then he goes on. He talks about a culture
that celebrates the prom queen over the math wilt be
a champ or the jock over the valle Victorian will
not produce the best engineers. Now again, I don't necessarily
agree what the VECs had to say in this paragraph.

(01:25:15):
I think he's trying to get something across, but he
missed something. Okay, what it again, prom Queen is one thing,
But what it takes to be an outstanding athlete or
an outstanding musician, whatever it may be, is work time, effort,
and discipline. And that's going to be applicable in everything. Again,

(01:25:39):
he you know, talks about the culture here in this
country and normalcy and people not just wanting to be
normal looking to fit in, and he says that doesn't work.
He says we have to Again, he basically gave a
big thing on work time and effort, and I agree.

(01:26:02):
I agree the nastiness that was put out there because
everyone's talking about H one B visas and how they're abused.
Yeah they are, they are. They are being abused. Tell
me what government program out there is it abused? And
in fact, listen, I don't agree. I've talked about this

(01:26:24):
for some time. I would do away with the visa
program all together, and I would have an immigration system
that actually makes sense for this country. I don't want
people coming into the country just for work. If they
want to come here let them work and let them
become citizens of the United States. Yes, do we want

(01:26:45):
to attract the best and brightest them all over the globe. Absolutely,
But then you get all these whack jobs psychos out
there with the nasty, vitriolic stuff. Lose you do. Don't
jobs to Americans? Really? Okay? Okay, uh, let me tell
you something here. Here's a bit of reality check your

(01:27:07):
people that are sitting in your basements typing away on
the computer angry all night long. Do you actually speak
to business owners small business owners? Because I do. They're
my clients. Many of them have a very very difficult
time hiring people and bringing people in a very difficult time. Yes,

(01:27:30):
has the H one B VISA program butt abuse? Absolutely?
Then you know what, get rid of it. Get rid
of it all together. Okay. And if we need workers, okay,
let them apply like anybody else. Let them apply like
anybody else, and if they get the job, they get
the job. This is one of the about this country

(01:27:53):
that that that drives me nuts. On gram I'm American mercer.
I've gone off on this before here on the program.
So many people, you know, they love America when they
want to, and then they don't America is an idea. Okay,
it's not the government. Okay, it's an idea. You get it.

(01:28:15):
This is this is what so many people, in my opinion, miss,
so many people miss. Okay, it's not it's not the
land mass or anything like that. We hold these truths
to be self evident, that all men are created equal,
that they are endowed by their creator with certain unalienable rights,

(01:28:40):
that among these are life, liberty, and the pursuit of happiness.
We are unique.

Speaker 1 (01:28:49):
To this.

Speaker 4 (01:28:49):
We are based on ideas. It's not about blood or
your your relatives or ancestry, or race, or religion or
anything like that. You come to this country legally, become
a citizen legally, and you want to support this ideal.
You are just as American as me, as me or

(01:29:15):
anybody else, or someone who's who's been here for your
family came over on the damn Mayflower for crying out loud.
There's nothing wrong with that now again, you know. And
the funny thing is is that many people out there,
for whatever reason it may be, Okay, they get so
angered by this stuff.

Speaker 1 (01:29:37):
Laura Loomers of the world, are.

Speaker 4 (01:29:39):
I get angry. I'lln't scream in they can't keep they
can't keep more than one true thing in their head.
At the same time, has the H one B program
been exploited to the detriment of American workers? Yeah, yeah,
and it needs to be fixed, It needs to be reformed.
But do we also need more engineers and this is

(01:30:02):
great to bring in really smart people that want to
be American citizens. App Absolutely. Do we need to deport
millions of illegals that were brought in under the Biden administration. Absolutely,
Do we have to seal our borders, Absolutely, But do
we also need immigrants to come into this country? Absolutely?

(01:30:29):
This is this is part of the problem that we
have here. Okay. Again, one of the things that makes
America great. And I've talked about this before. It separates
us on the reason why we're wrecking Europe and other
places around the globe. Okay, it's another unique American attribute.

(01:30:53):
You know. Actually Nicholas Nason Talub talked about this in
the Black swam On as well, is that it's okay
to fail. Failure is okay here in the United States.
In fact, I've written about this is you know you
want to have when you want failure, you want your

(01:31:15):
failures to lead to greater strength and successes down the road. Again,
the talib idea anti fragile. You don't want to just
be resilient, but you want the bang ups and the
hang ups and the shakeups and the knockdowns make you stronger,
so you come out stronger on the other side. That

(01:31:36):
is American failure. Is okay, that is the culture we
need to get back to. But we also have to
acknowledge as well that we've got issues. Okay, we've been

(01:31:56):
failing miserably when it comes to education. We do. Many
people don't even try anymore. Let's just rely on the government.
Let's just rely on the government for whatever we want.
I mean, here's here's some facts here. Okay, thirty one
percent of eighth graders in this country are proficient in reading.

(01:32:19):
Thirty percent are below basic readers, which is basically illiterate.
Only twenty seven percent of eighth graders are proficient in math.
Really wow, Hey, to all the crazies out there that
don't want anybody to come in and be engineers and

(01:32:41):
do all this stuff, where are you going to find
these workers if we if kids, kids aren't even studying
in school. It was a great comedy routine. I think
his name is Ronnie Ching. He goes off on this
rant talking about this and you know, people saying patriotic,
I would die ay for our country. And he goes
to this thing and say, well, you know that's great,

(01:33:04):
that's great. You whow you're willing to die for your country?
Are you willing to do your homework for your country?
Are you willing to do your math homework for the country?
You know some other facts here, Okay, you know it's
just not that tough. Ninety eight percent of gen Z

(01:33:29):
experiencing burnout at work, twenty three percent facing unmanageable stress,
forty eight percent feel drained. Six and ten employers report
firing recent gen Z hire. Seventy five percent of companies
said gen Z hires were unsatisfactory, thirty nine percent lack
communication skills, forty six percent lack professionalism. Listen, either either

(01:33:57):
we either we start raising better kids and expecting more
out of them and doing a better job. Or okay,
you want to shut the doors. You want to shut
the doors. You want immigrants to come in to actually
get things accomplished. Well, you know these companies will just move,
just move, and we we have to we have to

(01:34:19):
get better at this. People, we do you know, to
understand we have to go out there and try every
day and not be afraid of failure. You know, you
think about it, you think about the sport of baseball. People.
I said, you know, actually had a conversation about this
over Christmas. Youre talking about, Oh, what's the toughest sport
out there in the country, And I was like, well,

(01:34:40):
it depends on what you know. To find tough. You know,
soccer players you got to be able to run for,
you know, ten miles over the course of a game.
Football players a different type of tough. Baseball baseball. The
real toughness in baseball is okay, it's the hardest thing
to do is to hit a baseball. The hardest thing
in baseball is overcoming failure. You are a superstar in baseball.

(01:35:04):
If you fail seven out of ten times, you are
you are an all star. You're making millions upon millions
upon millions of dollars year. If you fail seven out
of ten times, that's uniquely American, is it not. We
have to, you know, again, we have to take a
couple of steps back. Stop demonizing others, demonizing legal immigrants.

(01:35:29):
We have to embrace legal immigration done the right way.
But we also have to take a good hard look
in the mirror and give ourselves a good swift kicking
the ass. Watchdog on Wallstreet dot com, Watchdog on wallstreet
dot com. We'll be back.

Speaker 1 (01:36:01):
Teaking wall streets, liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Streets.

Speaker 4 (01:36:17):
Ah, I can't wait. I can't wait to look at
the email box after this weekend and get all the
nasty comments here. Grandparents, grandparents that came from Poland, grandparents
that came from Italy, my wife's parents from Greece, immigrants,

(01:36:39):
igormants that worked the tail off, and my mom mom
grew up in a house didn't have running water in
an outhouse. Well, my grandfather helped build the railroads. My
other grandfather from Poland taught himself to be a draftsman
and went on designing amazing stuff for General Electric. Oh,

(01:37:01):
they're all they're all bad. They're all bad. Did they
take somebody's job? Did they?

Speaker 1 (01:37:11):
You?

Speaker 4 (01:37:11):
Little soft these out there? Give me a break me
I think about American citizenship America again. I've gone off
on my fourth of July rants all the time, people
for July fireworks. Most people, again, their version of America
is looking to Washington, d C. To provide for them. Sorry,

(01:37:33):
not everybody. I get that. Don't tell me it's not
a part of it. I actually made the suggestion here.
I said, listen, I quite frankly don't believe you should
be allowed to vote in this country unless you can
actually pass a citizenship test. I would think, how hard

(01:37:53):
would this be? How controversial would this be? You can't
graduate from high school and you can't vote unless you
pass a basic citizenship test that ed that Elon had
to take that vivek how to take. You can't pass that.
You don't know how the country works, basics down? Why

(01:38:14):
should you vote? I also suggested you are on the
program that you know, you should be able to make
a decision when you're eighteen. When you're eighteen, you can
decide to say, you know this this America thing, I
you know, I really don't like it. I don't want
to be a citizen. Maybe we'll cut a deal with Canada.
May cut a deal with Canada some other countries there
that you can you know you don't want American citizenship,

(01:38:36):
we can hand you over it can be a citizen
of another country. With that being said, With that being said,
I remember this too. Just popped it into my head.
I remember going to remember my kids elementary school. Wow,
it's vivid in my mind right now. And you know,

(01:38:57):
I'm there at the elementary school, is going to a
teacher meeting, and my son was with me at the time,
and they had these rights. They had this poster on
the wall, various different American rights, and one of the
ones bothered me, and I pointed it out. I think
my son was maybe in first grade, maybe first to

(01:39:21):
second grade at that time. Outside in the hallway his
classroom there willis elementary school. You have the right to
a free education. And I pointed this out to him.
I said, listen, your education is not free. It's paid for,
paid for by not just your dad, but the citizens

(01:39:46):
of this country. They're paying for that. Don't you owe
those citizens something? Working hard in school, they're paying for
this education. Watchdog on Wall Street dot com will be back.

Speaker 1 (01:40:00):
You refuse to be the only man who is taking
on the Wall Street establishments. You're listening to the Watchdog

(01:40:22):
and Wall Street with Chris Markowski.

Speaker 4 (01:40:26):
Ah yeah, I almost done. Almost don't what to say. Again,
first first, first show the act. I'm sure it's important,
this is important. Just speak people. Because you were born
here in the United States, you are owed something, You're

(01:40:47):
entitled to a job. And again I don't believe that
to be the case. But I also don't believe it's
the case that you need to have your wages undercut
by an abused visa system either. But you know, going
back to you know, when I was telling my kid

(01:41:11):
right to a free agenty, it's not free. It's not free.
And I explained, I've been all my kids. You know,
you just owe it to yourself and you owe it
to your family, but you owe it to your community.
You owe it to your country to study, to excel.
You are provided with all of this, this education, and

(01:41:35):
for you to uh waste that is wrong. But again
with all that as important as an education is, okay, Yeah,
you need to learn to fail. You need to learn

(01:41:57):
to fail. Why do you think Why do you think
highly educated foreigners succeed here, succeed here, not a home.
That is one of the things prother people are so smart.
Our countries think so much. It's their country, it's the
system that they have been that they're under If you

(01:42:20):
come here and you have grit, and you will you
get knocked down, Like that monologue from one of the
Rocky movies where he's lecturing his son. It's about getting
knocked down and getting back up. I actually grabbed from
Black Swan. You know again, one of my smartest guys,

(01:42:43):
one of the smartest guys in our country, a true asset,
multiple best sellers, one of the greatest risk management experts,
and a bit of a philosopher as well. Nasa Nicholas
talent who also happened to come here on a one
be visa original okay from Lebanon in the Black Swan.

(01:43:06):
Whenever you hear a snotty and frustrated European middle brow
presenting his stereotypes about Americans, he will often describe them
as uncultured on intellectual and poor in math, because, unlike
his peers, Americans are not into equation drills and the
constructions middle brows call high culture. Whatever that may be,

(01:43:32):
you know, goes inspirational trip to Italy or the Delf
School of painting. Yet the person making these statements is
often likely to be addicted to his phone iPhone wears
blue Jeans uses Microsoft word to jot down his cultural
statements on his PC, with some Google searches here and

(01:43:53):
there interrupting his composition. Well, it just so happens that
America is currently far, far more creative than these nations
of museum goers and equation solvers, and is far more
tolerant of bottom up tinkering an undirected trial and error. Yeah, people, Okay,

(01:44:20):
we have it all here, we have we have the
system in place if we she choose to go out
and utilize it. Story I did earlier on in the
program failure to launch all these kids, nah, not being
able to make it. Excuse, excuse, excuse. Now, it's an
unwillingness to work. It's an unwillingness to put the work,

(01:44:45):
time and effort that is involved. Again, everybody, you know,
shit that line from the beginning of the movie boiler Room,
the stock fraud movie was fantastic. So you know, either
you're selling cracker, you got a wicked jump shot. Nobody
wants to work for it anymore. Well, that's that's what

(01:45:08):
it's gonna take, is work, demonizing, demonizing people that want
to come here legally, legally and achieve the American I'm sorry,
they're not They're not undercunning. They're doing it legally. And
again I get it. I know that the visa program

(01:45:29):
needs to be fixed. But should we invite the best
and the brightest here to this country? Damn straight, damn straight.
I you know what, I love being surrounded by people
that are smarter than me. Love it. Watchdog on Wallstreet
dot com, Watchdog on Wallstreet dot com. Don't go anywhere,

(01:45:50):
but if you do, sign up personal CFO program, our podcast,
all sorts of great stuff, watch Dog on Wallstreet dot com,
or give us a call eight hundred and four seven
one fifty four.

Speaker 1 (01:46:16):
This is the Watchdog on Wall Street.

Speaker 4 (01:46:24):
I was I was actually kind of excited that, you know,
the government, the government might have gotten shut down and
it didn't, and a little disappointed disappointed that it wasn't
shut down. I have to admit, you know, all they
needed to do, they needed to separate all the bills

(01:46:45):
into separate bills. They didn't do that, came up with
some other nonsensical quote unquote compromise just so everybody could
make it home for Christmas. Yeah, and who got stuck again?
Is we the taxpayers? Again? The government shut down bit,
and we're gonna hear the same thing again about raising

(01:47:06):
the debt ceiling, and oh I got to have that
done as well. America's got to pay its bills. Okay,
let's let's first. I'm gonna again. I'm gonna sub reference
again a Enigo Montoya princess bride. You keep using that word.
I don't think it means what you think it means.

(01:47:29):
Debt ceiling, debt limit. Using using the English language, that
would mean no more, no more. There's never been a
debt ceiling. There's never been a debt limit. It's a charade.
It's a charade that is just used for political you know, fodder,

(01:47:52):
and for a great conversation on cable news networks. Right right,
they're just going to blow through it. You want to
cut spending, it's it's God, it's not difficult thing to do.
It's it's not a difficult thing to do. Cutting the

(01:48:15):
deficit is simple. It's not easy. It's not easy. Because
both elephants and donkeys both love the spending. They both
love the spending. They hang around. They hang around. The
longer they're there in Congress, the more powerful they be.

(01:48:36):
Came they go up Now I've got the power the
process that precess. They're all like, God, what the preciss
Now I can bring more money home to my district
so I can be a hero and loved, and I
can send checks to all of my sponsors. And I'm
not gonna be even more powerful. That is our system

(01:49:01):
is run today. It's anauseating. It's anauseating. Everybody loves checks.
Every government agency sending out checks to this Ram Paul
just did his recent and calls it his Festivus report,
going through all of the wasteful spending, the nonsense, the
nonsense that you and I, you know, spend money and

(01:49:23):
against stupid crap, stupid projects that have nothing to do.
In my opinion, quite frankly, it's all unconstitutional. If the
Supreme Court actually did their job, they would basically define
the General Welfare Clause in the Constitution, which all this
stuff falls under, and basically make all of this crap unconstitutional,

(01:49:47):
because that's what it is. It's all nonsense. Speaking of
nonsense now, you know, they're just speaking of money laundering.
Kamala Harris. Kamala Harris looks like she got on herself
a twenty million dollar book deal. Twenty million dollar book deal. Okay,

(01:50:10):
do you think that Kamala Harris is going to sell
twenty million dollars worth of books? Do you honestly think
that Kamala Harris is going to sell twenty million dollars
a book? Do you think? Do you think Barack Obama
sold sixty five million dollars worth of books? Now you
know what, take quick breakare I'm gonna come back and

(01:50:31):
we're going to explain you money laundering Washington d style
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot com
again our site, personal CFO program, all sorts of great
great stuff Watchdog on Wallstreet dot com or give us
a call eight hundred four to seven one fifty nine
eighty four.

Speaker 1 (01:50:52):
Chris Markowski is the Watchdog on Wall Street bringing America

(01:51:14):
financial freedom. One listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:51:32):
Everybody, it is the watch Dog on Wall Street show. Yes,
it's unfortunate, but you know, life in politics here in
this country has been It's become the gift that that
quite frankly keeps on giving throughout one's entire life. Again,

(01:51:52):
I tried over the years and again, we deal with
and help professional athletes man their money. I've advised people
and again we talk about you. You always get the
story out there of certain people that blow through their money,
whatever it may be, and it's you know, it's an
issue that's out there. Politicians is a little bit different. Okay,

(01:52:15):
you can make money off your position in Washington, DC
forever and it wasn't always this way. They've just they
figured it out. They figured it out. But remember the
great movie Christian Bale, Amy Adam, Jennifer Lawrence was in it.
Robert you know, had a small part as well. American Hustle.

(01:52:35):
American Hustle is story about Bradley Cooper was in it.
Story about the Camden, New Jersey ab scam scandal where
the mayor of Camden, New Jersey was I think it
was like a fifty thousand dollars, fifty thousand dollars briefcase
full of money. It's like a payoff, right, fifty thousand

(01:52:57):
dollars nothing. Well, these politicians have figured out a way
to continue to get rich, even richer, even after they're
out of office. It's a setup. Give me an example. Okay,
Barack Obama gets a sixty five million dollar book deal. Yeah,

(01:53:21):
it was from Pearson Publishing. You do know that Pearson
Publishing was awarded a three hundred and fifty million dollar
contract by Barack Obama to create the common Core curriculum.
This again, Kamala Harris is getting a twenty million dollar

(01:53:41):
book deal because these publishing companies are told to do so.
It's a way of wandering money. Speeches. Speeches. Do you
really think that the people want to go and watch
a twenty minute speech at some conference with Hillary Clinton?
Did you really think that that speech is worth whatever

(01:54:04):
she charges for the twenty minutes, half a million dollars,
whatever it made be Now now it's just payback for
whatever favors that Hillary or Bill had done for those
companies at that point time. And it's all legal. They
learned their lesson from the suitcases full of cash and
they figured out ways to wander themselves money. Anyway, moving

(01:54:30):
on again, over the break again Rosa de Luo from Connecticut.
She was going crazy over the continuing resolution and a
myriad of other things and going after Elon and Vivek

(01:54:51):
and many people not familiar with who she is, and
they're taking a look at her and who in God's
creation is this. I'm not gonna make fun of Rosa
Laura in the way she looks or how she dresses,
whatever it may be. Okay, not gonna do that. Okay,

(01:55:12):
many on the right were doing that. Why why not instead?
Why not instead? Why don't you take a look at
a resume? Why don't you just take a look at
her resume? Rosa de Laura. Again, there's been a lot
of dumb crap has come out of Congress. But remember
the time that, uh what Hank Johnson, Yeah, Hank Johnson representive.

(01:55:32):
Hank Johnson was in a it was actually in a
hearing with members of our military, and Hank Johnson was
concerned that the island of Guam, the island of Guam,
was going to tip over into the ocean because we
were putting too many people on that island, too much
military personnel. Again, member of Congress, there you got Rosa

(01:55:58):
de Laura. I mean, you go back, you watch some
of her brilliant statements. She was actually yeah, she actually
gave went off on a rant saying that they had
to increase spending because it was crucial to fund I'm
not making this up. Female crash dummies, for cars in
the name of road equity. Yeah, this is again, this

(01:56:22):
is someone that is a member of New Haven, Connecticut area. Obviously,
what it says about you people up in New Haven,
I won't to tell you. I mean you should be embarrassed,
quite frankly. But anyway, take a look at her resume. Okay,
here's someone who's a member of Congress that has never
had a real job in their entire lives. Rose to

(01:56:46):
lawa finished college, went and what was it we worked
for the senator there from Connecticut. His name will come
to me in a second. She's been a member compassce
what nineteen ninety one, ninety it was christodtt I can't remember.
Maybe it was Christain I can't But she's never had
a real job. Yeah, yet she's mouthing off on the

(01:57:09):
overall economy and how the country works. You've got no experience.
Do you understand that these idiots who speak in theory
all the time, do you understand how dumb that is?
Well it works in theory? Well, you know, as a kid.
As a kid, I again, I wasn't a very good artist,

(01:57:29):
but I used to I used to sit down, I
used to like come up with try to draw contraptions,
whatever it may be. I was, you know, uh into
kind of like superheroes and whatnot. And all of my
little contraptions that I would draw up or try to
create would work in theory, would work in theory. I'll

(01:57:49):
give you one. My brother Michael thought he could fly.
I'm not. He's gonna kill me for saying this. He
actually cut out cardboard wings and attached it like he
was bloody Icarus for crying out loud. Would swing on
the swing and jump and flap to think that he
could fly. Now, in theory it would work, but in
reality not so much anyway. Thanks for tuning in everybody.

(01:58:16):
Once again, God bless looking forward to another year, God
willing it continues again. We're here for you. Anything you need,
get to our website watchdog on wallstreet dot com. That's
what we're here for at Markowski Investments Watchdog on wallstreet
dot com, or give us a call eight hundred four
seven one fifty nine eighty four

All Episodes

Watchdog on Wall Street: Podcast for Weekend of January 4 - January 5 2025

Episode Transcript

Popular Podcasts

On Purpose with Jay Shetty

Stuff You Should Know

The Joe Rogan Experience

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Watchdog on Wall Street: Podcast for Weekend of January 4 - January 5 2025