Watchdog on Wall Street: Podcast for Weekend of March 22 - March 23 2025 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
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Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, handalyst, 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 truth.

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

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

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

Speaker 3 (00:44):
Yeah.

Speaker 4 (00:45):
I don't know how to sugarcoat this. I really don't,
but man, oh man, many of you investors out there,
you guys really do some.

Speaker 5 (00:58):
Really stupid stuff.

Speaker 4 (01:00):
I really really stupids. Love I try living known it
for twenty five years doing this show. Oh my newsletter's
been going back thirty been in this industry for how long?
And the one thing that is consistent is people do

(01:20):
really really silly things with their money. Welcome everybody to
the Watchdog on Wall Street show. So story this past
week in the Wall Street Journal the days of set
it and forget it investing just ended for many Americans.

(01:41):
Set it and forget it. Investing first and foremost, set
it and forget it. Investing is dumb in of itself.
Set it and forget it. There was this super tan
guy back in the nineteen nineties that did an infomercial
with the rotisserie oven, and he used to say, set
it and forget it. I got one of those things. Yeah,

(02:04):
I got one of those things for my wedding. I
kid you, not used it once because cleaning it was
like pure utter hell. But anyway, neither here nor there,
set it and forget it has ended it. And according
to the Wall Street Journal, here which has become a
shell of its former self, President Trump's economic policies are

(02:26):
sending investors out of US stocks into cast bonds, gold
and European defense stocks.

Speaker 5 (02:33):
Here we go, Here we go.

Speaker 4 (02:35):
They call this journalism, but right this is not journalism.
They have an idea. The editor at the Wall Street
Journal says, we got to get the people going, go
out there. This is the narrative We're going to take
and find some people to back this narrative. So they
start off the article some uh, some guy they find.

(02:57):
I don't know how they find these people. I really don't.

Speaker 5 (03:02):
For years, and I'm not going to mention the guy's name.

Speaker 4 (03:05):
He hadn't touched most of investments, preferring to ride the
stock markets ups and downs. Last Tuesday, he decided he
had enough. The eighty two year old unloaded almost half
of his stock investments. Fearful of the effects of President
Trump's economic agenda and tariffs in particular, he may get
rid of more.

Speaker 5 (03:23):
Still, the decisions are changing daily, right.

Speaker 4 (03:32):
You know. The funny thing is I love when they
come up with these anecdotes and they don't delve in.
So here you got this guy who just said, hey,
you know what I've been doing, set it and forget it,
and now I've decided to sell half the Ever take
a look at how he's done with his investments over
the years and his strategy and how it's worked out. Yeah,
we were You know, ask any of these people that you

(03:55):
get animals for how they're timing the market philosophy has
worked out for them at all. The Drug Administration's chaotics
mix of tariffs and government budget cuts have julted legions
of everyday investors, leading them to question the assumption that
they should buy in hold stocks on auto pilot. Again,
don't buy in hold stocks on auto pilot.

Speaker 5 (04:19):
But anyway, anyway, they took a look at some of
the numbers.

Speaker 4 (04:22):
The first half of March, individual investors have been trading
in their four oh one ks at more than four
times the normal level. Oh my, I the past month
I seen the most trading in the most five years.
Investors who have dumped US stocks say they are searching
for stability in money market funds, short term bonds, gold,

(04:45):
and international markets. European defense stocks have been a popular
bet premised on increased security spending in the region. Yeah,
I'm calling BS on that. I am I'm calling complete
b on that. Wall Street Journal just made that crap up.
They did because European defense stocks have popped up a

(05:07):
little bit. They think that again people with their four
to one k's here in the United States are moving
that market.

Speaker 5 (05:14):
It's it's non sensical.

Speaker 4 (05:17):
And again they go back and they find other people that,
oh here's another one there.

Speaker 6 (05:22):
Ah.

Speaker 4 (05:22):
I expected chaos and Trump's second term. He sold all
the stocks around the time the presidential inauguration. I feel
like I have some sort of fancy thesis and I
think I know what's gonna happen. I just don't think
anybody knows what's gonna happen. Here you go, nobody knows
what's gonna happen over the short run. Here again they said,

(05:44):
is a guy who voted for Kamala Harris. And again
they go, They go through another one in here as well.
Basically got out of all our US based portfolio and
all of a sudden went into European stocks. All right, listen, okay,
investors who are doing stupid stuff? What do you what

(06:04):
are you trying to do? You're really trying to time
the market. Several several conversations I've had this past week.

Speaker 5 (06:15):
And this is like clockwork. People, there's this. You know.

Speaker 4 (06:19):
I go for an afternoon walk when I can along Bayshore.

Speaker 5 (06:23):
You know, people will see me.

Speaker 4 (06:25):
Ask me what do you think about the market. I'll
be out to dinner, what do you think about the market.
I'll be at the gym. Hey, Chris, what do you
think about the market right now? You know what my
answer is, I don't. I don't think about the market.
You're going to walk into my office. You're not going

(06:49):
to see any sort of stupid quoltron streaming stock prices
along the wall. You're not going to see a re
out of what the Dow, the Nasdaq, or the S
and P are doing. You do understand that all of
those things are props. Wait when you walk into your

(07:11):
advisor's office or your bank's office and they have those
things on the wall, they're for their decorations with a
purpose to make you think that they're smart. Okay, you
want a smart advisor. Smart advisors don't give a damn
what the market's doing. They're not looking at the markets.
Most of them don't even know what the hell the

(07:31):
market's done at four o'clock. Countless countless radio stations. Over
the years, I got a on a lot of these
radio stations. Chrissy, would you like to would you like
to do a market rap every day? You know you
can call it in and do a little market wrap
with the what the markets did for the day. No, now,

(07:54):
they appreciate the ask, but I'm not gonna do that
because it doesn't matter.

Speaker 5 (08:02):
It doesn't matter.

Speaker 4 (08:04):
I don't buy the market, nor should you.

Speaker 5 (08:11):
All of these fools.

Speaker 4 (08:12):
That the Wall Street Journal interviewed are just that they
are going to lose money again and again and again.
We watch the same thing. People think that they're again, Yeah,
smarter than they actually are that they can time what's
going on. No, No, you don't have any control over
the market. I don't have any control over the market.

(08:35):
I can't guess what the market is going to do.

Speaker 5 (08:38):
I got I do.

Speaker 4 (08:39):
Much better job picking out quality companies. That's for darn sure.
That makes sense to me. Looking for value, looking for
high quality fundamentals. Jeez, we went over this last week.

Speaker 5 (08:52):
On the show.

Speaker 4 (08:53):
Be a great company buyer, have a portfolio of high
quality assets. The market's going to do what the market
is going to do. And you you think you're so
smart that you can get it right twice? Oh yeah,
you know you know when to get out of the
market and you know when to get back in the market. Right,

(09:14):
Sure you do.

Speaker 5 (09:17):
No one can.

Speaker 4 (09:20):
No one can, And anybody that tells you they can
is lying to you, and they it's part of the racket.
It's part of the game. They parade these people on
the various different This is what we.

Speaker 5 (09:33):
Feel the market's going to do, what this period of time,
and this is what we're gonna do.

Speaker 4 (09:39):
Why? Why?

Speaker 7 (09:41):
What?

Speaker 5 (09:41):
What? What's the point behind any of this?

Speaker 4 (09:45):
If you're doing what we tell you to do, if
your dollar cost averaging on a regular basis. Guess what
markets are going to drop. It's gonna happen markets.

Speaker 5 (09:55):
Correct. That's all well and good, and it just allows you.

Speaker 4 (09:57):
To get more high quality company on sale just as much,
just as much as you know that things tend to
go on sale after Christmas, right, Yes, we're having our
after Christmas sale. Well yeah, well take advantage of it
if you want to.

Speaker 5 (10:18):
People.

Speaker 4 (10:19):
It's the same thing when it comes to your investments.
You cannot have a time frame over the next quarter,
over the next year. You must have an outlook that's
looking up five, ten, fifteen, twenty thirty years. I mean,
the ultimate goal for us is to own things that
we never have to sell.

Speaker 5 (10:40):
Well that's not true.

Speaker 4 (10:41):
Okay, as they go up, Okay, we sell positions, not
the entire position. If it's still high quality. We just
take profits in things over time. There's nothing wrong with that.
It's called asset proper asset allocation, rotating assets. We've discussed
that at length here on the show. That's intelligent. That's
not set it and forget it. That's maintaining proper balance

(11:05):
in and out of the market. And you know, the
funny thing is, maybe they don't maybe the kids writing
this article at the Wall Street Journal.

Speaker 5 (11:13):
Maybe they don't know better. Maybe they don't know better.

Speaker 4 (11:17):
You know, it would seem to me that you might
want to point out or look at the how many people,
how many people do well with this stupid strategy of
time in the market.

Speaker 5 (11:29):
They don't, they don't.

Speaker 4 (11:31):
I want to talk about this as well, because again
I get these all the time. Hey, Chris, oh did
you see what? Do you see? What you know? So
and so said about the upcoming stock market crash? Oh
my god, Oh my god. It was one of the
guys out there. He's always predicting the end of the world,
Harry Dent, Harry Dan And they go to this guy

(11:55):
again and again and again, others like him. Oh my god, yes, yes,
Harry Harry Dent said this and this, this economic expert said,
this expert. How do you define experts? I would define
an expert as someone that does something well, not self

(12:18):
proclaimed experts. Harry Dent has been wrong throughout his entire career.
If you don't believe me, go in look. After Trump
got elected the first time round, I think he said
that the Dow is going to go to three thousand.
I can give you a million different times he has

(12:41):
pointed people in the wrong direction, and all of these
other people as well. That's not good advice. Well, we
at Markowski Investments are well aware that, you know, market corrections,
market even market crashes can happen, can happen. It's how

(13:04):
we go about handling them, how we go about handling them.
And again listening to these people, these snake oil salesmen
that are out there here, there and ever, and they're
they're everywhere driving people. And you know, quite frankly, I
get it. The media they like that, they need to

(13:24):
have conflict, They need guys like Harry Dent to get
them to click on their articles. Oh my god, the
stock market's gonna crash. People.

Speaker 5 (13:33):
Do you know how much time you waste?

Speaker 4 (13:36):
Time you waste clicking on these things, following these people
that do not have a clue. Why don't why don't
you follow people that have actually been right for decades,
for decades. Why don't you pay attention to the people
that have gotten it right for decades rather than these

(13:58):
you know, pr in my opinion, losers, losers that make
their living just trying to stir the pot and drive
people with more, more and more anxiety to do the
wrong thing. People you decide, Okay, I've talked about this before.

(14:21):
I mean get rich quick Connors and how they operate.
It's either greed or fear, okay, con artists. Con artists
are always operating when it comes to money on greed
or fear.

Speaker 5 (14:35):
And the sooner you recognize that, the better off you're
going to be.

Speaker 4 (14:39):
We build wealth brick by brick, little by little. Everything
in life that has meaning, value and worth involves work,
time and effort, no exceptions.

Speaker 5 (14:55):
And don't let anybody tell you otherwise. Take a break.
You're listening to the Watchdog on Wall Street Show.

Speaker 4 (15:04):
Always honored to have you tuned into the program again.
We want you to become a part of our family
at Markowski Investments and the Watchdog on Wall Street Show.
Get to our website at Watchdog on Wallstreet dot com.
That's Watchdog on Wallstreet dot com. Sign up for our
personal CFO program. I'll talk a little bit more about

(15:24):
that when we get back. Our podcast, our newsletter all
sorts of great stuff Watchdog on Wallstreet dot com. We'll
be back.

Speaker 7 (15:32):
I can see you again. Happy challenge.

Speaker 1 (15:35):
You should believe in math, not magic. You're listening to
The Watchdog on Wall Street with Chris Markowski.

Speaker 4 (15:55):
Whenever I see whenever I see these various different snake
oil salesman out there telling people they know what's going
to happen with the market, I was sticking that scene
in the movie Wall Street where Gordon Gecko's making fun
of that guy Cromwell. He's like this Turkey's totally brain dead.
The guy own a funeral home. Nobody would die. They're

(16:17):
never ever right. But anyway, our personal CFO program I
alluded to and we discuss it here on the program
every week. Well, it's an invitation. It's open invitation to everyone.
One of the things that separates Markowski Investments. One of
the things that separates Markowski Investments from every other financial

(16:39):
firm across the country is that we open our doors
to everyone.

Speaker 5 (16:43):
Yes, we're a CFP firm. Yes we're a family office.

Speaker 4 (16:46):
Yes we have accountants, lawyers, full service, able to help
you with anything that you need. But one thing we
don't have is a velvet rope outside saying hey, no, no,
oh no, no, you're you're you're a cup hundred thousand
dollars portfolio. You're not good enough to work with the
Markowski again. Hit the bricks man, you know, come back,

(17:07):
come back to us when you got five.

Speaker 5 (17:08):
Ten million dollars.

Speaker 4 (17:10):
No, no, we're not that type of affirm We know
where we came from in life. And uh again. One
of the most rewarding things we do at Markowski Investment
not just maintaining wealth and taking on wealthy people and
building their wealth to an even greater degree in protecting it,
but it's actually getting people to that point in time.

(17:33):
Get I make this perfectly, perfectly clear. Okay, I don't
even like the phrase financial planning. I don't like it.
I don't like it because, eh, yes, plan, let's plan this,
Let's plan that you don't know what life is gonna
throw at you.

Speaker 5 (17:51):
You just don't. You just don't.

Speaker 4 (17:55):
It's the same way that we handle our portfoliog. I
don't know what the market is going to do. So
guess what you need to be prepared. You need to
prep working with Markowski Investments, it's kind of like working out.
It's training, your training for life, your training for life.

(18:17):
So guess what when you when God presents you offers
you an opportunity and life, you're going to be able
to act on it, you're going to be able to
take advantage of it. Also, knowing as well that life's
gonna throw at you all sorts of things. You're gonna
have various different turns you're gonna make. There's that an
old saying, you want to make God laugh, tell them

(18:38):
your plans. This is why I don't like to call
it financial planning. It's financial preparation, preparation for life, and
whatever life is going to give you, we want you
to be able to take advantage of it. So again,
get to our website at Watchdog on Wallstreet dot com.
That's Watchdog on Wallstreet dot com and sign up for

(19:00):
our personal CFO program. I quickly talk about I did
several interviews this past week, and for whatever reason it
may be the various different stations around the country, they
like having me on to talk about fiscal prudence.

Speaker 5 (19:23):
I'm on the show this past week, and I thought
about it.

Speaker 4 (19:26):
I said, I must sound I must sound a little
like the goldfish from Cat and a Hat, you know,
warning the kids. No, kids, don't let that cout in here. No,
don't do that. And again I go on these programs
and they have me on the beginning of the year
because I start talking about New Year's resolutions and saving money,
and here's Chris Markowski and now they're talking about the

(19:48):
latest thing is I guess they might have passed a
memo out there talking about financial spring cleaning. And I
come on there and I tell people what I've been
saying for a longeriod of time, and they.

Speaker 5 (20:00):
Always come up with stuff.

Speaker 4 (20:01):
Well, it's so easy for people now to get behind
the eight ball because shopping is so easy with Amazon
and all of these things.

Speaker 5 (20:10):
Okay, I get it.

Speaker 4 (20:13):
I understand that, but guess what, at some point in time,
you've got to understand that you have to spend less
than you're taken in, I know, novel concept number kind
of out of the ordinary. Anyway, we'll talk a little
bit more about that when we get back. Watchdog on

(20:34):
Wallstreet dot com. Watchdog on Wallstreet dot com is their site.

Speaker 5 (20:37):
We shall return.

Speaker 1 (20:39):
You're listening to the Watchdog on Wall Street bringing America
Financial Free them one listener at a time. You're listening

(21:02):
to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (21:08):
Culture club Boy George accent right there. Anyway, Welcome back, everybody.
It is the Watchdog on a Wall Street show a
little bit more, okay, And I know some people, you know,
they've got their act together when when it comes to spending.
Like like I said, we're here to help everyone at

(21:29):
Markowski Investments, and we want to build people wealth. But
I'm going to tell you people, I cannot, I'm not
able to help you unless you are willing to help yourself.
We talk about, you know the importance of exercise and dieting,
and you know the old saying that it's simple but

(21:52):
not easy. The same thing holds true when being prudent
with your money. And most people I've described it this way,
they always talk about the amount of people that are
living paycheck to paycheck here in the United States. Again,
it's an expensive country to live in. You have kids,
they've got sports, they've got school, you got house, you
got you got all of these things. You want to

(22:13):
save money, you want to do all of these things.
I get all that. But if you are living paycheck
to paycheck and you also have credit card debt, you
are treading water while holding a brick. You are in
a bad, bad situation and you need to do everything

(22:34):
and anything you can to get out of that situation.

Speaker 5 (22:38):
And that I'm sorry.

Speaker 4 (22:39):
It calls for draconian cuts to your household budget. And
most people, you know, when I try to explain this
to them, they don't want to hear it. And I've
told this countless times because it happens countless times to us.
People that come in and they look on the facade,

(23:00):
they look like they have money. They've got expensive cars,
they've got a boat, they're members of the club, they
got nice all these things, but they've also got fifty
sixty seventy eighty thousand dollars in credit card debt at
twenty plus percent higher. How in the world am I
supposed to start building wealth for you. I can't show

(23:20):
a higher level return than you're paying on your credit cards.

Speaker 1 (23:23):
I can't.

Speaker 4 (23:24):
I can't. Anybody tells you they can is lying to you.
You need to handle that. You have to get that
under control. And that means drag Conyan cuts. If that
means working nights, working weekends, you have to do that.
You want freedom in life, you want to be able
to enjoy your life. You're not gonna do it with

(23:45):
high interest credit card debt. Period the end, you can
talk about New Year's resolutions, we can talk about financial
spring cleaning whatever it may be. And listen, people, I
will take the time out of my day.

Speaker 5 (23:59):
I will to give you advice and what you need
to do.

Speaker 4 (24:04):
Okay. Then you come back to us when you've handled that,
and then we'll start talking about building generational wealth. I
will take the time out. We will help you, Okay,
But I mean, don't waste my time. Don't waste my time.
Don't you know, say you know what.

Speaker 5 (24:24):
I gotta get this under control.

Speaker 4 (24:26):
We present these things to you, and then you keep
doing the same thing over and over again. Okay, that's
not respecting my time. You've got to be willing to
make those changes. You got are willing to do what
is necessary, period the end. Anyway, moving on, I gotta
talk tariffs. Oh boy, tariffs, tariffs, tariffs, tariff man, Oh
but what would they? What did I call Trump when

(24:48):
it came I called Professor Chaos was Butter's alter ego
on South Park.

Speaker 5 (24:56):
I was thinking about calling him.

Speaker 4 (24:57):
Captain Chaos, and I remember that cap and Chaos was
Dom Deluies in the Uh, the old Uh. What was
it there with Burt Reynolds there back in the day.
There cann of ball run movies. But anyway, neither here
nor there. Again, we're gonna get into this a little
bit later on the program. We're brutally honest here at

(25:20):
the Watchdog on Wall Street Show.

Speaker 5 (25:22):
There's no doubt about it.

Speaker 4 (25:23):
I am a conservative, libertarian guy, but I'm not a
member of any tribe.

Speaker 5 (25:28):
You get it.

Speaker 4 (25:30):
There's there's one tribe I'm a member of, and that's
above all of this politics and above everything here of
this world.

Speaker 5 (25:39):
I'm not a member of some tribe.

Speaker 4 (25:40):
And I have no problem whatsoever coming out and criticizing someone.

Speaker 5 (25:44):
I voted for.

Speaker 4 (25:46):
And neither should you nor should you be afraid to
be honest. Now again, I don't know what's going to
happen with these tariffs. Nobody does. Nobody knows how they're
going to be laid out. But again that's where the
problem lies. This again, this is the reality.

Speaker 5 (26:06):
People.

Speaker 4 (26:06):
You want to know why there's so much volity. You
want to me, it's just so much blowback when it
comes to tariffs. When it comes to businesses out there,
they don't know what the rules are going to be.
It's hard as a I'm a business owner, it's hard
to make any sort of investment and your future when

(26:27):
you don't know where the rules are going to be.

Speaker 5 (26:29):
You don't know what your costs are going to be.

Speaker 4 (26:32):
Imagine being a home builder and not knowing what the
cost of lumber is going to be, or what the
cost of deciding is going to be. Or you own
an Italian restaurant and all of a sudden, the costs
for your wine have made it completely impossible.

Speaker 5 (26:45):
You can't even buy them anymore.

Speaker 4 (26:47):
These are issues and they need to be dealt with
sooner rather than later, so people have a reason for
being upset with these I get it. Oh, you know
we're been taking advantage of all this stuff. I get it.
Deal with it, work it out. We need transparency. We

(27:09):
need to know what the rules are moving forward, moving up.
After he got elected into his inauguration. Post inauguration, people
were talking about reducing regulations, getting rid of ten regulations
for every new one. Well, let me tell you something.
Tariffs are regulations too. Just let us know what they're

(27:29):
going to be so then we can move forward. Gotta
take a break. Watchdog on Wallstreet dot com, watchdog on
wallstreet dot com. Don't go anywhere.

Speaker 5 (27:36):
We'll be back.

Speaker 1 (27:54):
Taking Wall streets. Liars, crooks and cheeks out behind the woodshed.
You're listening to the watchdog on Wall Streets.

Speaker 4 (28:06):
I actually, uh, you know, I stopped watching. I stopped
watching kind of the Federal Reserve news conference that they
have after their policy decisions. I used to watch those things,
and uh, it's a waste of time, but I watched
this time. I watched. I was I was curious. I

(28:27):
was curious to see how this was going to play out.
Jay Powell is up there. Garifs the media out there, Oh,
I smell blood to water. Yeah, we're the media.

Speaker 5 (28:38):
And we gotta we gotta create headlines.

Speaker 4 (28:40):
We have to create chaos.

Speaker 5 (28:44):
And that's what they tried to do.

Speaker 4 (28:47):
So Jay Powell is up there, and I'm listening to
question after question after question, and they were trying so
hard to bait him and to saying something about Trump,
something bad about Trump that they could turn into a SoundBite,
that they could turn into a headline.

Speaker 5 (29:08):
So they could get clicks. And he didn't offer it.

Speaker 4 (29:13):
But even even after that, here Wall Street Journal Nick Timmeros,
he's the expert on the Fed right.

Speaker 5 (29:20):
He's an official Wall Street Journal fed reporter.

Speaker 4 (29:23):
Fed projection see an economy dramatically reset by Trump's selection. No,
Nick dramatically reset No, No, that the Fed, the Fed
priced in, priced in, they what they thought was gonna be,
in essence, the worst case scenario when it came to
price increases, when it came to tariffs, and it barely

(29:46):
moved the needle, barely moved the needle. Don't tell me dramatically.
I know you you know, maybe the editors put it
in your title there to get people to read the
article which said nothing of the sort.

Speaker 5 (30:00):
No, no, And he got other ones out there.

Speaker 4 (30:03):
They editorial page gives tariffs, give the Fed and inflation
foil first and foremost. Okay, I don't put much stock
in the Federal Reserve. As you will know, they're wrong.
They're perpetually wrong. We haven't had a decent head of
the FED since Paul Vulker. Okay, they're a bunch of cowards,

(30:26):
a bunch of overpaid Ivy League economists that have never
had a real job in their entire life.

Speaker 5 (30:33):
They've never worked in the.

Speaker 4 (30:36):
Private You got the Federal Reserve, think you might want
to hire somebody that, I don't know, maybe modo lawn
as a kid, maybe washing dishes, maybe flip the burger
at McDonald's. No, not that, but a bunch of trust
fun baby silver spoon in the mouth ivy leaguers that
have never ever worked in the private sector, and we're

(30:56):
supposed to trust them with monetary policy. Yeah yeah, listen,
don't don't give me the nonsense that they're not political.

Speaker 5 (31:05):
They are.

Speaker 4 (31:05):
I get that they lowered rates by one hundred basis
points right before the election. How'd that work out? It didn't.
Rates went in the opposite direction on hundred basis points.
Inflation is transitory nonsense. Okay, stop listening to them. Okay,
so waste of your time. Watchdog on Wallstreet dot com,

(31:26):
watch Dog on Wallstreet dot Com.

Speaker 5 (31:28):
We'll be back.

Speaker 1 (31:36):
This Chris Markowski is the Watchdog of Wall Street. This

(32:01):
is the Watchdog on Wall Street.

Speaker 4 (32:10):
Ah yeah, it was a pretty good buddy movie. Remember
this one was running Scared with Billy Crystal and Gregory Hims. Anyway,
welcome back.

Speaker 5 (32:21):
It is the.

Speaker 4 (32:22):
Watchdog on Wall Street show. We've been neglecting all right, Well,
I've been neglecting the the ripoffs and the scams. Here
in the program, We've had a lot to talk about
in terms of politics, in terms of financial preparation, financial training,
which we like to discuss here on the program, but

(32:42):
our bread and bunner going back to the origin story.
The origin story, the Watchdog on Wall Street Show was
all about going after fraud and scams.

Speaker 5 (32:54):
And you've been piling up here on my desk.

Speaker 4 (32:58):
It's it's extraordinary to me because every year, every year
they put out the numbers there as a record year
for financial scams and fraud. And I say to myself,
you spend more and more money every single year, Securities
and Exchange Commission, FINRA, all these things, yet you do

(33:20):
worse and worse of job. Last week on the program,
I talked about some of the inherent problems that with
Wall Street and how it's set up, and the conflicts
of interest and all of these things make it difficult
not to mention the fact that people think that there's
actually some sort of financial police out there, some sort

(33:43):
of deterrent for white collar fraud. Really isn't especially if
you're a bigger firm, Especially if you if you are
a bigger firm, you really don't have much of a
deterrent not to be a crook, not to rip people off,
not to take advantage of people. Because the worst thing

(34:03):
that's gonna happen is the firm is going to pay
a fine and it makes it go away. Nobody does
any jail time small firms. Yeah, yeah, they'll make an
example out of them if they catch them way on
down the road. But do you think investors get made
whole after their ribmen ripped off and scam? Of course not,

(34:25):
of course not Again, it could be dealt with, could
be dealt with many of these scams in frauds or
it's plain as day. We point them out here on
the program I get. We get phone calls, we get
emails from people inquiring about this firm or that firm,
and we put out the warnings, we tell them, we
do our homework, and it doesn't even take us that long.

(34:49):
It doesn't even take us. How many movies have they
made about Bernie made off? How many movies? I mean,
I was a one there with Robert de Niro and
Mache Pfeiffer. It took me five minutes of looking at
his account statements that he was sending out to his clients,
saying not this is messed up, this is not right.

(35:14):
But no, no, no, no, no, there's an entire belief
system that's built around these people. That protects them. Here's
another one another. This is a major Ah. They have
big financial award stifle Stifle, you know, the FINRA Dispute
Resolution Services stunned the financial advice industry and awarded clients

(35:36):
of stifle one hundred and thirty two point five million.
And this is that they have this star broker in Miami.
I know this guy is Chuck Roberts. Oh yeah, big
parties at the clubs there in Miami.

Speaker 5 (35:53):
Oh yeah.

Speaker 4 (35:54):
And again, what what were they doing? They were putting
people into high commission structured notes, high commission structured notes,
making their brokers lots and lots and lots of money,
and Stifle loves that they love those commission dollars. Again,

(36:16):
we've warned, we've warned you here you've been listening to
this program about the sales of these structured notes and
how they haven't been sold properly. One hundred and thirty
two point five million dollars. That's a big fine for stifle.
They'll pay it, they'll pay it, and they'll go back
to doing business. The funny thing is is that when

(36:40):
they find these big firms, they're fining the company. Company
can't steal money. Company is a tax ID number and
a logo. That's all it is. It's a tax ID
number in a logo. Corporations don't steal money. People steal money.
Corporations don't rip people off.

Speaker 5 (36:59):
How is a number?

Speaker 4 (37:00):
How does a tax ID number in a logo rip
somebody off? Human beings rip people off. They should be
held responsible for what they do, but they're not. They're
not white collar crime. When it comes to Wall Street,
it pays.

Speaker 2 (37:19):
Again.

Speaker 4 (37:19):
If you have you know, if you're demonic, if you
had an ethical bypass at birth and you know you're
you know, all your desire is to uh to steal
from people. You know, go to college, get yourself a degree,
get yourself a job on Wall Street, because you're gonna
be able to get away with this crap. Jesus funny
as well, And not only not could you're able to

(37:42):
lose people enormous amounts of money if you're connected, If
you have the right connections and know the right people,
you can lose people ungodly sums of money, then come
back and then have your connections to give you more money.
I saw this story, I was like, you've got to
be kidding me. I covered this here on the program

(38:05):
back at two thousand and seven, two thousand and six,
two thousand and seven, this hedge fund called uh Amerinth
out of Connecticut.

Speaker 5 (38:16):
This guy blew up his hedge fund.

Speaker 4 (38:20):
I can't tell you how many billions of dollars, but
lost over six seven billion dollars for his investors. You know,
he's got another one right now. He's got another hedge
fund right now, and it's got twelve billion dollars in it.

Speaker 5 (38:38):
How how does that happen?

Speaker 4 (38:39):
Again? You decide to listen to these people, God bless you,
God bless you. And we've got Robinhood here, Robin Hood two,
another forty five million dollars settlement, another twenty six million
dollar settlement. Again. But they parade the CEOs at this company.
They're on you see all the time, talking about how

(39:02):
wonderful these guys are. But they keep ripping people off
suspicious activity. Uh now, basically getting rid of documents, shredding
all this crap. People. At some point in time, okay,
some more in time, you gotta work with somebody it's
gonna actually look out for your interest, put your interests first.

Speaker 5 (39:21):
Watchdog on wallstreet dot com. We'll be back.

Speaker 7 (39:24):
Did you have to do? You can make a pop.

Speaker 1 (39:30):
You're listening to the watchdog on Wall Street. Well known author,
investment banker, consumer advocate, analyst, trainer, Chris Markowski is the

(39:53):
watch dog on Wall Street. You want to answer exposing
the lines and myths that the big brokerage firms, the
mainstream press, and the government are pushing to keep Americans
away from financial freedom.

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

Speaker 1 (40:09):
Bringing America the truth about what really happens in the
financial world.

Speaker 3 (40:13):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.

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

Speaker 2 (40:24):
All right, So.

Speaker 4 (40:28):
You've got these two astronauts, two astronauts that are stranded
in a space station. They can't come home. They can't
come home. They're stranded up there. They've been stranded up
there for what eight nine months? And you get an
American businessman who starts his own rocket company, designing spaceships,

(40:59):
designing spaces amongst other things that this guy does. Sends
his spaceship up to rescue rescue these astronauts, goes up there,
gets them out, brings them back home, touchdown, splashes into

(41:19):
the ocean. God sends a pod of dolphins there that
are swimming around after these people come home. And people
in this country hate this. They hate this, they hate
the guy that just did this. I yeah, I don't.

(41:46):
I don't go on the Instagram and any social media stuff.
I primarily, you know, use x I. I can't really
go on it much anymore.

Speaker 5 (41:59):
I can.

Speaker 4 (42:02):
To watch people bending over backwards to basically say, ah
at Nazi, not Nazi brought home those astronauts, and man,
those dolphins. You know, maybe we should go out there
to the dolphins, and maybe we should spray paint swastikas
on them too. God bless you people. I mean it

(42:23):
from from deep down. I God bless you people. I
don't know what's wrong with you. I don't know what's
wrong with you. I tell you, I'm going to go
to church early this Sunday to pray for you people.
I mean, that's all you can do. You're lost, You're lost.

(42:49):
How could you be this? How could you look down
upon this? I don't understand. It's it's like these people, well,
it's like that rabies for crying one.

Speaker 5 (43:04):
I was watching this this past week. I haven't watched it.

Speaker 4 (43:06):
A while. That's spin off from Yellowstone There nineteen twenty nine,
and in this season they were dealing with a wolf
that had rabies and the matriarch that you know saying, hey, listen,
wolves don't wolves avoid man, they're afraid of them. We
know that this thing's got rabies, is coming after us actively.
There's something wrong with it. It's like these human beings

(43:28):
have some sort of mind virus. It's it's like they
have rabies. Anyway, we've got a lot we've got to
go over today. I have to again, I have to
talk about Chuck Schumer, Chuck Schumer, Chuck Schumer.

Speaker 5 (43:51):
Well again, you got to.

Speaker 4 (43:52):
It's gonna understand the power play that's that's taking place
right now. It's to who these people are. And i'll
sub reference again Tolkien was definitely onto something when he
talked about power and the ring of power, the process.
People within the Democrat Party right now, they see an opportunity.

(44:15):
This is why they're going after Chuck Schumer. This is
why they're going after Chuck Schumer because they want to
they want his position. Okay, it's not about anything to
do with the country. It's all self serving nonsense. They
know they get to Chuck Schumer's position, they're going to
be able to print money. You're one of the most

(44:35):
powerful people, not just in the country, in the world
for that matter. Right now, Chuck Schumer is Senate Minority leader.
They want that position. Chuck Schumer voted to not shut
down the government. Now Democrats know, they know that if
they shut down the government, that would have been the

(44:58):
great I was hoping they did.

Speaker 5 (45:00):
That would have been the great That would have been.

Speaker 4 (45:02):
The greatest thing for Doge, the ability to have a
government shut down and go through and see who's essential
and who's not essential. They knew they couldn't do that.
And many are out there pretending that that Chuck Schumer
is evil and they betrayed them and all this stuff.
It's all a lie. These people are liars, lying, lying,

(45:24):
liar dirt. I mean, I mean, I don't know how
they live with themselves, but they do.

Speaker 5 (45:33):
They do.

Speaker 4 (45:33):
They have no problem with this. This is their business,
and it's disgusting. And again, until you understand that they
don't care about you, All they care about is themselves,
the better off you're gonna be. That's the same thing
we've been talking about. I'm covering up my podcasts when
it comes to Musk and and Doge reading a story

(45:58):
here about this set uh. Donald Trump shut down this
federal agency. It's called the Federal Mediation and Conciliation Service FMCS.

Speaker 5 (46:10):
I did. I did a.

Speaker 4 (46:11):
Podcast on this this past week, and I suggest going
and listening to it again. You're gonna be angry if
you're a taxpayer, if you're not a member of the
parasite class, if if you don't have that that you know, moronic,
you know mind virus that many have, You're going to
listen to this and you're going to take a look

(46:32):
at how your tax dollars are being spent to keep
people living high, high, high on the hog in Washington,
d C. The type of lives that they live for nothing.
I mean, this agency did absolutely nothing. What exactly do
you say you did nothing nothing except enrich themselves, enrich

(46:54):
their friends, allow them, allow them to go on all
sorts of junkets all over the world world on the
taxpayer dime, living in Washington, DC, even though they say
that they didn't live there, getting all their meals paid
for by taxpayers. It's it's absolutely disgusting. And I look
at these things and I say to myself, actually, you

(47:15):
know what I'm gonna read to your part from what
this was an actual quote from one of the employees. Okay,
at this FMCS that your tax dollars paid for. Let
me give you.

Speaker 5 (47:26):
The honest truth.

Speaker 4 (47:28):
Okay, a lot of FMCS employees don't do a hell
of a lot, including myself personally. The reason that I've
stayed is that I just don't feel like working that hard.
Plus the location on K Street is great. Plus we
have all these oversized offices and windows. Plus management doesn't
seem to care if we stay out at lunch a
long time. Can you blame me? Yeah I can, Yeah, yeah, yeah,

(47:53):
I can blame you. Shame on you, Shame on you. Well,
you're in Washington, d C. You don't see the you know,
you don't see the homeless problem there. You don't see
the issues at this country's You don't see a pothole
in the street that needs to be filled and not
feel bad that you do nothing with your life, accept

(48:18):
grift off your fellow citizens. You feel like you shouldn't
be blamed for that. That that's okay with you. That's
that's who these people are going after. Here, we are
going after and attacking Elon Musk and doge Right going

(48:42):
after them. And I feel horrible for this guy.

Speaker 5 (48:48):
I really do.

Speaker 4 (48:50):
I feel horrible for this guy. I don't even know.
I'd love to ask him if he thought it was
going to get this bad. Here's a guy, here's a
guy that has built up businesses.

Speaker 5 (49:01):
He makes, you know, builds up.

Speaker 4 (49:03):
I mean to start a car business in the United
States of America and it is a number one selling car,
number one selling car and all of the world.

Speaker 5 (49:12):
For crying out loud, yeah, no, you.

Speaker 4 (49:15):
Know what, we're gonna. We're gonna, We're gonna, We're gonna
start us. We're gonna build rockets. I'm gonna send people
into space. He's got the greatest space company outfit in
the entire world. Blows away NASA. NASA's got government bucks,
can't compete with Elon Musk. And they're they're going after
and attacking this guy, Nazi fascist, all of these things,

(49:40):
attacking his dealerships, attacking his cars.

Speaker 5 (49:43):
Uh, you know, I'm glad.

Speaker 4 (49:45):
Pam Bondi eventually came out and said that this, uh,
this violence is domestic terrorism, because that's exactly what it is.
That's exactly what is it. It's amazing that the left
they always like, ah, the biggest threat to this country
is is domestic terrorism from white supremacists.

Speaker 5 (50:01):
What are you on drugs?

Speaker 4 (50:03):
What the right are you? Are you kidding me? You remember?
Do we just deal with Black Lives Matter and the
George Floyd riots and burning down cities and breaking things?
And you see you watch these people. I'm sorry, I
gotta I gotta get some toy. You watch these horrible people.

(50:25):
You know they shouldn't be judgmental, but it's hard not
to be. You watch these people go on various different
programs basically trying to justify Well, people are really upset,
you know, they're really upset with Musk for what saving
the taxpayer money?

Speaker 5 (50:43):
Can you explain why you're upset?

Speaker 4 (50:48):
Again? These people are fed information. They are fed information
and they suck it up and they believe everything that
they're gonna see again, you you wanted a great example.
You watch what's going on right now. I remember thinking
about this, thinking about this when I was younger, and

(51:08):
how all of these people could just just follow eight
off Hitler. Well, you're watching it right now. Here is
a private businessman that has done all of these things.
They just brought back astronauts from saved astronauts, brought them down,
Dolphins come to welcome them. He does all this stuff.

(51:28):
He's working for free, trying to say the taxpayer money
and that guy's evil. Do you understand how low of
an IQ one must have to actually think that that's
I mean, I think this case people going around wrecking cars,
keying cars, all of this stuff. What is wrong.

Speaker 5 (51:52):
With you people? I hope I hope they go after them.

Speaker 4 (52:00):
I really do. I I hope that they you know,
some of these domestic terrorism charges they come up with it.
You know, you got you got people putting out on
the web the location of musk dealerships and people who
own Tesla's. Anyway, I have to talk about this as well,

(52:24):
because this is a big see I told you so moment,
I told you this was going to happen. Trump Quite frankly,
I don't know. I don't think that they're prepared. They
were prepared properly. I wish they were, but they're not.
You're you're you're watching right now. You're watching various different
judges out there come out and trying to thwart what

(52:45):
Donald Trump is doing.

Speaker 5 (52:46):
What Doge is doing.

Speaker 4 (52:49):
I said that Trump is going to have to arm
himself with a hell of a lot of lawyers because
we knew that this was going to be the case.
But what what did I say? What did I say?
What did Rand Paul say? What did Thomas Massey say?
When it came to the Continuing Resolution that they just passed,
when it came to spending, why why.

Speaker 5 (53:11):
Would you pass this?

Speaker 4 (53:13):
All the Continued Resolution did was just refund everything that
Elon Musk has been trying to cut, that Doze has
been trying to cut.

Speaker 5 (53:21):
They just reallocated that money.

Speaker 4 (53:22):
That money is sitting there. This is I'm gonna be
I'm gonna be straight up honest with you, Okay. This
is what scares me right now. So it scares me
about this administration. And again I am a I'm a
trust but verify guy, but I've been around long enough
to be skeptical of anything coming out of any government.

(53:44):
I don't care if it's elephant, I don't care if
it's donkey. I hope and I pray that Elon Musk
is not wasting his time.

Speaker 5 (53:53):
I really do.

Speaker 4 (53:55):
I hope that he is not wasting his time finding
all of this out only to have all of this
stuff in September get the same money. Because they could
have cut it. You started finding ways. Why not cut now?
Why not cut now? You know?

Speaker 5 (54:14):
Put it this way.

Speaker 4 (54:14):
If you find if you find out that you know,
all of a sudden, on your credit card you have
various different subscriptions that you're not using that you didn't
even know you had anymore. Are you gonna wait? Are
you gonna wait, I don't know, eight nine months and
keep paying for them. No, you're gonna say, I gotta
I gotta get rid of this. I gotta cut this

(54:35):
right away. I gotta, I gotta cancel all of this.
Why why have we been doing that? Why didn't we
do that right now? I'm gonna be honest with you people.
It scares the crap out of me.

Speaker 5 (54:47):
I am.

Speaker 4 (54:48):
I am frightened that this is all for naught because
I don't trust Republicans. I don't, like I said, I
I trust democrats at places. I trust that they are
going to do what they say they are going to
do more than I do Republicans. You're following me here,

(55:16):
or at least Democrats have gotten to the point where
they are honest about their socialist communist dreams. They're honest
about it at least AOK. And Bernie Sanders and Elizabeth Warren,
they're honest about their belief system and what they're trying
to push. I don't trust Republicans. I don't trust that

(55:42):
they're going to cut these things. And again, this is
why you know I'm conservative for Elon Musk. What he
is doing, the sacrifice that he's making, the things that
he is doing right now. God, I hope and pray
it's not all or no. Gotta take a break. Watchdog

(56:02):
on Wallstreet dot com. Watchdog on Wallstreet dot com, our
personal CFO program, our podcast, our newsletter, all sorts of
great stuff on our site. Watchdog on Wallstreet dot com.

Speaker 1 (56:15):
All the time.

Speaker 4 (56:18):
This is all we do.

Speaker 1 (56:27):
The only man who is taking on the Wall Street establishments.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (56:41):
Anyway, I'm just here to tell you and again I'm
gonna get blowback from the MAGA crowd. This new income
tax proposal that's been put out there, how shall I
put it dumb? Yeah? Yeah, this income tax proposal that's

(57:02):
been put forward.

Speaker 8 (57:03):
Howard Lutnick comes out oh, we're gonna eliminate income taxes
on everyone making less than one hundred and fifty thousand
dollars a.

Speaker 4 (57:13):
Year, okay, So basically what you're saying, then we're gonna
get it down to what seven percent. I think the
number is, seven percent of the country is going to
be paying income tax. Seven percent of US citizens are

(57:35):
going to be left paying income tax. That you're going
to put that entire income tax burden on seven percent
of the population. We already already, already the top one
percent pays forty percent of all income taxes forty percent.

Speaker 5 (57:53):
Now and again, let me tell you another reason why
this is dumb.

Speaker 4 (57:57):
Okay. According to them, according to their proposal, your tax
rate at one hundred and fifty one thousand dollars, okay,
is going to be twenty four percent. So if you're
making just saying, if you're making one hundred and forty
five thousand dollars and your boss says, hey, I'm gonna

(58:17):
give you a raise, they're gonna make one hundred and
fifty five thousand dollars, you're gonna say, no, thanks, boss.
Keep me where I am.

Speaker 5 (58:24):
Keep me where I am, because once I get over
one hundred and fifty thousand dollars.

Speaker 4 (58:27):
I'm gonna have to start paying taxes and I'll lose money.
Dum dum, dum dum.

Speaker 5 (58:34):
Makes no sense, makes no sense.

Speaker 4 (58:36):
Now they can say, well, they could change it and
they could start taxing at twenty four percent every dollar
that you make over one hundred and fifty thousand dollars. Again,
this is not tax reform. Okay, this is not tax reform.
We have a tax code that is over seventy thousand
pages long. Our tax code should be a couple pages.

(58:59):
That's it, just a couple of pages. It's seventy thousand
plus pages long, simply because it allows for allows for
the well connected, the people in the big club, to
put in all sorts of tax handouts and giveaways and
all sorts of loopholes in there where they don't end
up paying any taxes. They don't I know personally, I

(59:24):
know countless people, countless people that pay little to know
federal income tax. And they are millionaires, millionaires. And again
they're not breaking the law. They're not breaking the law.
They're you know, they in various different real estate businesses

(59:44):
depreciate this whatever it may be, loophole here loophole. They're
able to take advantage of this stuff. People, This is
not tax reform. You want to make it a fair system.
You go to a flat tax, or you go to
a fair tax where you're paying at the point of sale. Dumb, dumb,
dumb tax proposal. Watchdog on Wallstreet dot com. Watchdog on

(01:00:07):
Wallstreet dot com. We'll be back.

Speaker 1 (01:00:16):
Chris Markowski is the watchdog on Wall Street. You should

(01:00:38):
believe in math, not magic. You're listening to the Watchdog
on Wall Street with Chris Markowski.

Speaker 2 (01:00:46):
Yeah.

Speaker 4 (01:00:51):
Yes, the al Gore, the algre that invented the Internet,
that talked about the social security locked box, the aldoor
that saved in the planet. He took to the pages
of the Wall Street Journal this past week.

Speaker 5 (01:01:10):
He and his buddy David Blood.

Speaker 4 (01:01:14):
David Blood and his commentary piece, the Business Case for
Green Energy. Companies are rolling back climate commitments, but investing
for sustainability is financially prudent.

Speaker 5 (01:01:32):
Here's how it starts.

Speaker 4 (01:01:34):
It seems like yesterday, yesterday that we as advocates for
a sustainable economy had the wind in our sales. At
the twenty twenty one United Nations Climate Change Conference in Glasgow,
many of the world's largest asset managers, banks and insurers
pledged to decarbonize their investment portfolios exercise Damon's loans insurance power.

(01:02:00):
He's all in line with the Paris Agreement. The world
today looks very different. Many of the Glasgow signatories are
stepping back from their commitments.

Speaker 7 (01:02:13):
Uh.

Speaker 4 (01:02:13):
Yeah, we told you that was gonna happen. Others are
playing down their climate action to avoid controversy, particularly in
the US, the fossil fuel industry, it's allies and captive
policymakers seek to punish companies investors pursuing sustainability goals with lawsuits,
smear campaigns, and the withdrawal of state controlled funds under management.

(01:02:35):
Uh huh. Basically, al Gore's business is being hurt by
common sense. It's being hurt by common sense. He goes
off in this article talking about how, oh, it's prudent
for people, and all these companies should be investing in

(01:02:56):
all of these things. Well, al, let me tell you something, Okay,
tell you something about money. Al if it was a
worthwhile investment, people would put money into it. If it
was worth a while, people would put money in. I
would have solar panels on the roof of my house

(01:03:18):
if they made fiscal sense. They don't.

Speaker 5 (01:03:24):
They don't.

Speaker 4 (01:03:25):
You have been duping the entire planet. You've been grifting
on this, going back to two thousand and four, two
thousand and four, you and David Blood starter this company
called Generation Asset Management.

Speaker 5 (01:03:42):
I kid you, Nott people.

Speaker 4 (01:03:43):
I wrote a column about this entitled al Gore Goes
to Wall Street back in November of two thousand and four.
Al Gore again, he didn't understand money. He didn't have
any clue. They actually made fun of him because of
his lack of you know, money acumen, and all of
a sudden, he's gonna be a manager of an investment

(01:04:06):
firm based in London. But man, oh man, did they
have this racket picked out? And they started this Generation
Asset Management to handle all of this climate bs and
all of this government money. Al Gore used his rolodex,
he used his connections.

Speaker 5 (01:04:28):
He again got it.

Speaker 4 (01:04:29):
You gotta hand it to him, man, He pitched the
world on this entire scam. I mean, how many predictions
by al Gore?

Speaker 7 (01:04:39):
Oh?

Speaker 4 (01:04:40):
I mean, for crying out loud, you know Florida should
be underwater. You know New York City should be Venice.
By now, I mean all of these things were supposed
to happen. Supposed to happen two thousand and four, Holy Snike,
twenty years ago. A lot was supposed to happen over
the past twenty years. What have we got nothing, nothing

(01:05:01):
but Al Gore made himself and his buddies a lot
of money. Well, the people that are in on this
grift are worried right now. They're worried. Okay again, yeah,
Wall Street's like this ain't cool anymore. Guys on Wall
Street if they feel that they're able to make money
on these green investments, and they felt that they were

(01:05:22):
able to make money for a period of time simply
because the government was kicking in money. Once they see
that that business is completely unsustainable, they're out. They're out.
I also laughed at the fact that get Joe Biden
put in place a law protecting protecting these asset managers

(01:05:43):
out there from getting sued for losing their clients' money
by putting them into crappy green investments.

Speaker 5 (01:05:51):
Think about that for a second.

Speaker 4 (01:05:53):
He gave all of Wall Street a get out of
jail free card as long as they were putting money
and green investments didn't matter. You gotta think about that
for a second. For a crook, you could sell people
on anything. Oh yeah, yeah, we got these solar panels
that do this that the next thing. Ah'll give us money.
It's gonna be great. Lose a people money, Eh, who cares?

(01:06:14):
Who cares?

Speaker 5 (01:06:15):
I'm protected.

Speaker 4 (01:06:16):
I've got Joe Biden immunity from these lawsuits. It's been
a scam. It's been a scam from the get go.
We told you. Watchdog on Wall Street dot com. Watchdog
on Wallstreet dot com is our site. Get there, sign
up again, our personal CFO program, our podcast, newsletter, all

(01:06:37):
sorts of great stuff. Watchdog on Wallstreet dot com. We'll
be back.

Speaker 1 (01:06:58):
Bringing America finance freedom. One listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 2 (01:07:09):
All right, welcome back.

Speaker 4 (01:07:13):
At A lot of people get discussions on TV talking
about the lack of homes here in the United States, and.

Speaker 5 (01:07:24):
Yeah, Doug bergham out this past week and they're talking.

Speaker 4 (01:07:27):
About, oh, we're gonna free up federal lands and we're
going to.

Speaker 5 (01:07:32):
Improve housing stock and all of this stuff.

Speaker 4 (01:07:35):
And I'm kind of rolling my eyes saying, guys, come on,
come on, you know we can we can handle right now,
We can handle the housing problem if we build more homes.
Why aren't builders building more homes. Well, there's a myriad
of reasons. Number one, of course, is regulations and people

(01:07:58):
talk about the high price of homes. Well again, you also,
you know, you got a lot of people that are
actually in homes right now that aren't even paying for them. Yeah,
we discussed this here on the program. Some of Joe
Biden's mortgage relief is fueling a lot of these higher
housing prices.

Speaker 5 (01:08:17):
You wouldn't believe. I mean, you stop paying.

Speaker 4 (01:08:20):
They actually pay off the mortgage servicers to keep people
in homes. They add they cut their monthly payment. They
add it to the principle these people are never going
to get out from underneath these homes and the holes
that they're in right now, and it causes problems again,
putting people and convincing people to buy things that they
shouldn't have with they can't afford in the first place.

(01:08:41):
Quite frankly, is wrong. It's evil, it's bad, and we
could trace that go all the way back, call way
back to the Community Reinvestment Act under Jimmy Carter you
could take a look at housing and urban development. Andrew
Cuomo working for Bill Clinton where he started up all
those funky mortgages that led slowly but surely to the

(01:09:01):
financial crisis.

Speaker 5 (01:09:02):
But there's other issues as well.

Speaker 4 (01:09:06):
I have quite a few clients that are in the
home building business and people I know, and they talk
about the housing shortage problem, and they want to build,
They want to build. You know, it's interesting the number
of housing permits, number of housing permits, both single and

(01:09:26):
multi family is it hasn't changed, hasn't changed in the
past decade, They would say to Scotch has so why
not people want to my homes. But when they want
to put them up, well again, you can't afford to
build some of these smaller homes. Can't do it. Again.

(01:09:47):
This I've talked again, talk to people all over the country.
They talk about what they at, what these what these
towns and communities actually even charge for building permits. It's
through the roof.

Speaker 5 (01:10:02):
It's like a little building permit mafia.

Speaker 4 (01:10:06):
You've got your various different permits that you got to
get down at town hall. And all of these folks
down there, they're all licking their chops, whether it be
a pool you want to install, whether it be you
want to put up a shed in your backyard, whether
you're a building you want to build a home. They're
all walking around. They should all wear white suits and

(01:10:27):
a white hat like Don Finucci and Godfather too, because
they're all the same. They got to wet their beak.
I was blown away, blown away, Hey, Chris, you don't understand.
You don't understand what they're charging for building permits. Now
and again they have to price these costs into the

(01:10:48):
price of the home, so certain homes become completely unprofitable
to make. Why well again due to government regulations. More
people out there that don't build or create anything. Okay,
that's the biggest impediment to growing this country and making

(01:11:10):
America great again is people that don't build or create anything,
causing all sorts of problems. Watchdog on Wallstreet dot com.
Watchdog on Wallstreet dot com.

Speaker 5 (01:11:20):
We'll be back.

Speaker 1 (01:11:38):
Teaking wall streets, liars, crooks, and sheets out behind the woodshed.
You're listening to the Watchdog on Wall Street.

Speaker 4 (01:11:50):
Ah. Yeah, I keep thinking of that Led Zeppelin song
Your Time is Gonna come.

Speaker 8 (01:11:54):
Ah.

Speaker 4 (01:11:55):
We told you this was gonna happen. Ah. Here's job
seekers hit wall of salary deflation. The salary difference between
those who stay in their roles and those who change
jobs has collapsed to its lowest level.

Speaker 5 (01:12:13):
In ten years.

Speaker 4 (01:12:16):
Job stayers increased their wages by four point six percent,
of those that switched jobs barely made any more. It's
not recessionary. But guess what the salaries have been coming down.
It's called salary re calibration. And we told you this
was coming yeah, during COVID. During COVID, when again, corporate America.

Speaker 5 (01:12:41):
Was flush with cash.

Speaker 4 (01:12:44):
Corporate America was flush with cash because the government pumped
tons of money into the economy. All I know, many
of you got your little stimmy check there, your little
twelve hundred bucks or whatever it was. To tell you something,
Corporate America got a lot more. And again, when you
get a windfall of cash like that and you don't
understand where it's coming from, or whether or not it's

(01:13:06):
going to end, or whether or not the government is
going to take the money back, guess what you're gonna
spend it? And they did, and they most certainly over spent.
I'm talking about overspent, over spent on salaries. I remember
laughing at all of these kids getting these jobs, a

(01:13:28):
bachelor's degrees, getting hired for these jobs one hundred and
fifty hundred and sixty thousand dollars a year. I'm saying, okay,
and enjoy it while last kids, because uh yeah, it'll
last a period of time, and then you're gonna you're
gonna they're gonna start laying people off and the reality
is going to hit. Well, reality is starting to hit
when it comes to that, and it's a natural ebb
and flow of things. Eventually, you know it's a reality.

(01:13:52):
You're gonna get paid what you're getting paid. And listen, Okay,
I try to explain this to people all the time.
You got these stories about people losing jobs and all.
This is terrible. What was me? I had this and
I can't find something. I spent a lot of time
last week talking about this. You want to you want
to make sure, okay, you want a surefire away of

(01:14:14):
keeping your job, unless, of course the company is going under.
Uh make sure make sure you are bringing in more
business to that company, a lot more business into that
company than they're paying you. That is how you end
up staying on a job. You treat that business like
it's your own business. You bring more money into the

(01:14:35):
company than they're paying you. Again, don herid of you.

Speaker 5 (01:14:39):
It is what it is.

Speaker 4 (01:14:43):
Okay, Okay, we got to talk a little bit about
this story. I saw this this past week Morgan Stanley.
Morgan Stanley went big on d diversity, equity, and inclusion,
and no one is happy about. They're talking about all
of the tumult inside Morgan Stanley. Well, let me just

(01:15:06):
put it away and listen. I have, I got friends.
I make fun of the big firms all the time.
But the funny thing is I'll make fun of the
big firms and the firms that they work for, right
to their face, and they.

Speaker 5 (01:15:16):
Don't argue with me. Again, many of them are not
working in the UH.

Speaker 4 (01:15:20):
They're not working as financial advisors by any stretching imagine
they these guys working in the bond department, other different areas.
So anyway, my friends in Morgan Stanley and I talked
to them. These guys were bosses there and they had
a they were in charge of hiring every single year,
and they would complain to me.

Speaker 5 (01:15:39):
They're like, you don't.

Speaker 4 (01:15:39):
Understand, then I can't and I'm not allowed to hire
the best candidates not allowed to. I have to hire
people that check certain boxes. And these people that they
end up hiring out of college. Now I'm coming from
great schools, right, great schools, but they can't hack it,

(01:16:03):
they can't handle they can't even pass their tests.

Speaker 5 (01:16:09):
They can't even pass their tests.

Speaker 4 (01:16:12):
Now, listen, people, I taken a million different tests for
this industry. I took them right out of college, many
of them. You know what, My major was in college
history and political science. And I put the work in.
I went, I did my homework, I studied my butt off,

(01:16:33):
and I was able to pass them all. These are
kids with business degrees from Ivy League schools, unable to
pass these tests. Why were they hired? They were hired
because of DEEI And many of these friends of mine
that were working at these big firms are no longer
working at these big firms. These bosses, they were fired.

(01:16:57):
They were fired because they didn't like what was going on,
didn't like what was going on there, complaining about the situation.
To leave it at that, again, is that the way
it's supposed to be that I for a life, I've
never really seemed to understand this.

Speaker 5 (01:17:12):
I really haven't and.

Speaker 4 (01:17:15):
You can have different levels of this. I remember this
when I was in recreational sports. Okay, I coach running
club organizations and I'd have different levels for different age
groups based upon ability. And parents would I want my
kid to be on you the top team, and I'm like,
they're not good enough to be on that top team.

(01:17:38):
I don't care.

Speaker 5 (01:17:39):
I'm like, no, it's not what's best for your kid.

Speaker 4 (01:17:43):
I want your kid to develop at a level that
they can develop at, and when they're able to play
on the top team, then they can play on the
top team. Why would you have them come up to
an area where they're going to just be completely frustrated
and they can't handle it. This is again, it's never good.
It never worked out anyway. Quickly on on China. Here, China, China,

(01:18:06):
they've got this economic policy that I like to call
I've defined it. It's called poop throwing you heally, you know,
I'm gonna throw poop up at.

Speaker 5 (01:18:14):
The wall and see what's gonna stick.

Speaker 4 (01:18:16):
Every three to four months, China seems to have a
new direction, a new economic policy. Why well, again, they
keep screwing up. Command and control doesn't work. Their latest
plan here is to boost consumption inside China, they want
to raise incomes, they're gonna raise minimum wags, They're gonna
do all of these things. And I do declaire, do

(01:18:38):
decree it's coming out of Beijing, and I do declare
and do decree that it's going to fail again. China
is not going to be able to redevelop their economy
unless they actually go back to the ways of Gujin
Tao and Deng Xiaopang. It's as simple as that. Ze
just doesn't get it. Watchdog at Wallstreet dot Com. We'll
be back.

Speaker 7 (01:19:02):
Just then.

Speaker 1 (01:19:07):
You're listening to the watchdog on Wall Street. Well know
and altered investment banker, consumer advocate, analyst, trainer Chris Markowski

(01:19:32):
is the watchdog the Wall Street. You want to answer
exposing the lies and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.

Speaker 2 (01:19:45):
You can't handle the true.

Speaker 1 (01:19:48):
Bringing America the truth about what really happens in the financial.

Speaker 3 (01:19:52):
World, Ladies and gentlemen. We're not here to indulge in fantasy,
but in plitical and economic reality.

Speaker 1 (01:19:57):
This is the watchdog Wall Streets.

Speaker 6 (01:20:00):
Okay, all right, then, well, I didn't have that on
my bingo card for this week.

Speaker 4 (01:20:14):
Timmy Walls the governor of the state of Minnesota. He
was no recall, he was the vice presidential candidate running
with Kamal hash Memory. That guy Tim Walls, Hey, I
thought that the big, big wave he does all the time.
I think some people made fun of him. They called
him tampon Timmy because he wanted to put tampon's and

(01:20:38):
boys bathrooms in the state of Minnesota. Well, Tim Walls
is being interviewed by Gavin Newsom this past week, and
he said that he could beat up Trump supporters. He
could take Trump support he had no problem taking that.
So Tim Walls thinks he could take me all this

(01:21:00):
and I said, what did this? What did this poor
idiot do? And it didn't take long. It didn't take
long for the meme makers out there to post pictures
of Timmy Walls in a like wrestling outfit that was
rainbow colored, and they went off. I got to be
honest with you people, I've taken a different tact.

Speaker 5 (01:21:24):
I have to.

Speaker 4 (01:21:25):
I cannot get myself angered by these people. Just it
can take it down, to take it down a dark world,
it really can. I feel bad for Tim Walls. Let
me tell you why. Okay, watch the video and you'll
see in the background, all of a sudden, you see
that the complete background of where he's doing this podcast

(01:21:47):
with Gavin Newsom is staged.

Speaker 5 (01:21:50):
It's obviously stage. Tim Walls, I don't know.

Speaker 4 (01:21:54):
I guess he's got aspirations he might want to run
for president someday. So they staged the back and you
can see that they put brand new books there to
make him look tough. There was like a picture book
of classic cars, another picture book that just said army
on it.

Speaker 5 (01:22:14):
You know what it reminded me of.

Speaker 4 (01:22:16):
And again, this is completely underappreciated political film is The
Campaign with Zach Gallifanakis and Will Ferrell, completely underappreciated film. Now,
Zach Galifanakis's character is again he's this tour guide in

(01:22:37):
the town. He's you know, he's a little overweight, his
kids are overweight. They don't have the healthiest happens. But
he's a sweet guy, a nice guy. His father's mean Republican,
mean Republican, and they designed they're going to run him
against cam Brady played by Will Ferrell, which is the
Democrat in that era, and the crook. But anyway, it's

(01:23:00):
a good political film. And what they do is is
they send some guy and to basically remake Zach galafanakas
change who he really is, you know, wearing different clothes,
redecorating the house, got rid of their dogs. They were
pugs because they were calling them Chinese dogs, probably his dogs.

(01:23:20):
How to get them some golden retrievers and a labordor.
It's it's a funny film. But again, I watching this
thing with with poor Timmy Walls here and I'm like,
what are you doing? Man?

Speaker 5 (01:23:34):
What are you doing? Okay?

Speaker 4 (01:23:36):
Why do you have to pretend? Is it really worth?
Is it really worth being someone that you're not pretending?
You're pretending you're you're someone else just to elevate your
position in life? Might might you just rethink maybe your
career choice. If that's what you feel like you have

(01:23:59):
to do, you have to change who you are and
act in a different way. You're gonna go on a
podcast and tell everybody you're gonna take him, You're gonna
beat You're gonna beat up people, magos, people Trump supporters. Really, Tim,
you're gonna take me? Do you understand how you feel?

Speaker 7 (01:24:18):
Bad?

Speaker 4 (01:24:18):
Because he just made a fool out of himself. And
I don't know if his handlers are telling him to
do that. Man, but find yourself, brother, seriously, find yourself.
What is wrong with you? Anyway? I am to actually
talk about this kind of belief system that we have here.

(01:24:41):
I am again I wish I there's not enough hours
in the day.

Speaker 5 (01:24:47):
There really isn't you know.

Speaker 4 (01:24:48):
Again, once you start people this is it is a warning,
but it's a good warning. It's a warning. It's it's frustrating.
It's frustrating and exhilarating at the same time. When you
become someone that just wants to immerse oneself and wants
to learn, and you have that desire to learn more
and more and more, man, you crave it and you

(01:25:11):
learn a little bit and then it's not enough and
you want to learn more. It just it gives just
not enough hours in the day to consume information, especially
things that sometimes things that you're really interested in. I'm
languages have always fascinated me, and I did a couple
couple times here on the program.

Speaker 5 (01:25:28):
I've talked about this Greek word, this Greek word.

Speaker 4 (01:25:33):
And again, you know, my wife that's her first language,
is Greek. We go to Greece often. My mother in
law speak a Greek in the house all the time.
They didn't teach me this word. I don't know how
I stumbled upon it and then I talk to them
about it, and when I learned about it, and it's
like they all of a sudden, you talk about this
word around a true Greek and they light up, they

(01:25:56):
light up, and the word is philotimo. And you can
the best, you know, the way that they try to
describe it. You know, if you're going to throw it
into ai, they're going to say the word means love
of honor or sense of honor. But it's completely impossible

(01:26:16):
to translate because it's something that encompasses all of these
wonderful virtues about pride in what you do, pride in
your actions in your community, having a strong sense of
doing what is right and honorable in the face of everything.

(01:26:37):
And we've talked about that word here on the program.
I learned a new Greek word this past week. And
again I find this amazing in the sense, how many people,
how many people remember.

Speaker 5 (01:26:50):
When you were younger.

Speaker 4 (01:26:51):
I don't even I haven't been into a obviously a
high school library or middle school library in uh a
long long time, but I remember, I remember Farnsworth, the
middle school where I went, we had this library, and
I remember on a podium in the library they would
have one unabridged English dictionary. I mean remember the size,

(01:27:14):
how big and unabridged English dictionary is all of the
words that are in it. Again, an English language, we
constantly are adding words every single year. I got to
add new words to our dictionary. But we don't have
a word like that. We don't have a word like that.
We don't have a word like this one parasa. Basically,

(01:27:40):
if you again you're going to throw this into a translator,
the word paracia is going to they're going to say
it means frank speech, maybe courage of speech, maybe freedom
of speech. But what it is and what it's about,
and it's something that again we all have to engage in. Okay,

(01:28:05):
every week, care in the program, what do we talk about?
You want to make America great again, build, create, protect,
and teach, And you cannot effectively protect and teach unless
you engage in Parisia, which means you have to be
able to speak without fear, without fear, even if it

(01:28:29):
puts you at personal risk. You have to do what
is right for the sake of truth, for the common good.
Am I am?

Speaker 5 (01:28:44):
I clear?

Speaker 4 (01:28:44):
Here people, many people they shirky.

Speaker 5 (01:28:49):
I don't know.

Speaker 4 (01:28:50):
Well, if somebody's gonna think of me, if I'm actually
honest or I tell the truth about it, well, what
are they gonna say about me?

Speaker 5 (01:28:55):
What do you care? Honestly? Is it really that? Is
it that important to you?

Speaker 4 (01:29:03):
Okay? Is that important to what people think about you
when you're being truthful and honest. If they're not gonna
like you or say things bad about you, even though
you're being truthful and honest, and you're acting with you
with your your core belief system, and you're doing what
you know is right, speaking one's mind openly and honestly

(01:29:28):
without reservation or fear of consequences. Well, you know, you
might be a little bit afraid of the consequences, but
you do it anyway because it's the right thing to do.
This is more than freedom of speech. This is an
This is an obligation. Do you understand you have an obligation,

(01:29:54):
an obligation to do this. We all have an obligation
to do this. Thinking about at that he popped into
my head the scene from Kill Bill when Beatrice Uma
Thurman's character is there in Japan and asking, uh, you know,
tore Hanso to make her a sword, and he swore

(01:30:16):
that he was not gonna make any more instruments of
death anymore. And then she explained to him why she
needs the sword, and it's his responsibility and he has
an obligation now because of what he created in this
bad guy to make her the sword. We all have
an obligation to speak the truth, even when it's difficult

(01:30:36):
or unpopular. Nicholas, that's Talip, thatsked Nicholas Talub. He talks
about this. He says, if you see a fraud, if
you see a fraud and you don't call out that fraud,
then you, my friend, are a fraud. Again two words

(01:31:01):
here if you looked them on but he said, nothing
like them in the English language. And these are some
traits and values that we really need to take on.

Speaker 5 (01:31:13):
We need to have the JFK. Don't.

Speaker 4 (01:31:19):
I talked briefly about this because I'm gonna be honest
with you people.

Speaker 5 (01:31:24):
Okay, I got questions right away right away.

Speaker 4 (01:31:29):
It's like I have some you know, I could just
like take thirty thousand pages of documents and just all
of a sudden skim them overnight like I'm will hunting
or something like that, and basically give everybody an assessment
of what I read. Are you kid meed? Have you
actually even taken a look at these things?

Speaker 7 (01:31:46):
All?

Speaker 4 (01:31:46):
Right? I have no problem. I think that they should
have been released a long time ago. But what I
what I'm telling you is going to happen is people
are going to take these things and they're going to
have their inherent by in beliefs and what they believed happened.
I think Israel did it. I think Castro did it.

(01:32:08):
I think the Muffy did. I think the CIA did.
And they're going to be able to take these documents
and take bits and pieces of information and use them
to say, see I was right. Listen again, I am
all for transparency and getting for information out there. But
if you're going to be listening to some people on
the Internet that have looked at some of these things
and all of a sudden have given you some sort

(01:32:29):
of conclusion that they know exactly this happened or that happened,
you're crazy.

Speaker 5 (01:32:33):
Okay, You're gonna.

Speaker 4 (01:32:34):
It's gonna take a long time to get all through this,
and quite frankly, what I wished, what I wish you know,
they would have done, was they would have maybe put
together a bunch of historians Victor Davis Hansen types, gotten
them together and said, hey, listen, we're gonna we want
you guys to go through this. You get people from

(01:32:55):
both sides of the aisle, different things to discuss this,
go over this, and give somewhat of assessment over a
period of time. I wish they had done that because
all you're gonna get right now, all you're gonna get
right now is more conspiracy theories, which is taking us nowhere.

Speaker 5 (01:33:11):
Anyway, Gotta take a break. Watchdog on Wallstreet dot com.

Speaker 4 (01:33:13):
Watchdog on Wall Street dot com. Our site become a
part of the Watchdog on Wall Street family again again.
People remember Pedacia, speak with it.

Speaker 5 (01:33:26):
We'll be back. Watchdog on Wallstreet dot com.

Speaker 9 (01:33:28):
We show return, exercise your rights today. Go to get
CCL dot com.

Speaker 1 (01:33:49):
This is the Watchdog on Wall Street.

Speaker 5 (01:33:56):
Welcome back.

Speaker 4 (01:33:59):
It is a watch Dog on Wall Street. So always
honored to have you tuned into the program again. I
want to remind everyone we're here to help everyone out.
That's what we've been about in the show, longest running
financial program in the country, twenty five years, Markowski Investments
over three decades, We've got some got a lot of
great announcements.

Speaker 5 (01:34:18):
Again, I got it's hard.

Speaker 4 (01:34:19):
For me to hold my tongue. I got to admit
it a little bit about some of the things that
are that are coming down the pike over the next
couple months.

Speaker 5 (01:34:26):
In regards to our firm.

Speaker 4 (01:34:28):
I mentioned this, mentioned this, publishers working on it right now,
work time and effort. Latest book is coming out and
I'm going to have that hopefully hopefully by mid May,
mid May, towards the end of May, and we'll be

(01:34:48):
getting that out and giving lots of copies of a
Way here.

Speaker 5 (01:34:51):
So looking forward to that. But again, you know, people.

Speaker 4 (01:34:55):
Listen mentioned this earlier on in the program, do not
feel intimidated, en not feel scared to you know, either
pick up the phone and give us a call at
eight hundred and four to seven one fifty nine eighty four.
That's eight hundred four seven one fifty nine eighty four
more likely, more likely, We're not going to pick up
the phone right away. We have people there answering the phone.

(01:35:17):
We will get back to you asap, asap, whatever question
you may have. That's what we do. We go to
our website, sign up for our podcast, sign up for
our personal CFO program, and we'll help you. We'll point
you in the right direction. If you have questions, you
feel like you're getting ripped off, you're curious about anything.
This is what we're here for. Use us at as

(01:35:40):
a resource at Watchdog on Wallstreet dot com. Okay, I
wanted to touch on this because it can you know,
everything right now, everything they're flying, you know, they're flying
a bit blind me. You know. I talked about how
the media crafts narratives and puts together stories, and they
haven't been able to do it all together that much.

(01:36:01):
A little bit with tariffs, a little bit with tariffs,
but then again they kind of like shooting from the
hip on certain things.

Speaker 5 (01:36:08):
Now without a doubt, without a doubt.

Speaker 4 (01:36:10):
I know, they keep saying that the Wall Street Journal
is a conservative publication.

Speaker 5 (01:36:14):
It really isn't.

Speaker 4 (01:36:16):
It really isn't a conservative publication. Okay, so let's just
put that to bed. They had a story that I
kind of got to kick out of this past week.
Trump's new World Order tests the dollar investors are more
optimistic about Europe, while Tariff's cloud the US outlook. No
they're not, No, they're not. Again, I forgot to click on.

(01:36:41):
I usually do this to Wall Street Journal, like click
on who writes these articles? And more often than not,
they're just children, I mean literally right out of college.

Speaker 5 (01:36:50):
They don't have a clue. Here's a cop.

Speaker 4 (01:36:53):
President Trump has launched an unprecedented challenge to a geopolitical
order that has prevailed for decades. One POTENTI victim the
US dollar. Come on, people, give me a break. The
euro has come up a little bit over the past
few weeks.

Speaker 1 (01:37:11):
Big deal.

Speaker 4 (01:37:14):
Jeez, not that I remember twenty sixteen, twenty sixteen Italy,
it was like a buck thirty five to buy one euro.
I mean, for they even going back even further. Do
you remember when the Quantum of Solace and James Bond
the bad guys didn't want to get paid dollars and

(01:37:35):
they wanted to get paid in euros. They were making
fun of the dollar because the United States spent too
much money on Wars rat videos with Jay Z they
had euros in them. They didn't even have dollars. Come on, people,
you honestly think that the dollar is gonna get killed
because of a lousy couple of theys. Just stop it,

(01:37:57):
already write these stories.

Speaker 5 (01:38:02):
Okay. I guess they just got to cover space. I
really do.

Speaker 4 (01:38:06):
But these children should know better, quite frankly, or at
least their editors should. For crying out loud quickly. On
this next topic, there was news floating around out there
at the United States and you know, maybe we might
have to we might have to go after Iran because
of the who thies and what's taken place. And I

(01:38:27):
did do a lengthy podcast on it. But I want
to share this with you as well. I'm going to
share with you something that Donald Trump tweeted out back
in October of twenty nineteen. The United States has spent
eight trillion dollars fighting and policing in the Middle East.
Thousands of our great soldiers have died or been badly wounded.
Millions of people have died on the other side. Going

(01:38:49):
into the Middle East is the worst decision ever made.

Speaker 5 (01:38:54):
And I agree.

Speaker 4 (01:38:55):
I agree then, and I'm hoping and I'm praying that
Trump sees it this way. I hope, I'm hoping. Okay,
we're already back bombing the Hoothys already back bombing the
houthis okay, threatening ships all this stuff. My question is,

(01:39:18):
you know, why does this have to be us? Aren't
there Chinese ships that go through there as well? Can't
we go?

Speaker 5 (01:39:26):
I mean, can we go a period of time as
in I'm just wanna seck.

Speaker 4 (01:39:30):
Can we go just a period of time as a nation,
and let's just try it for a few years where
we're not bombing another country? And it's always seemed to
be doing all the time. We got to pick another
one of bomb. Gotta bomb this one, gotta bomb that one.
Have to have us involved enough already. We've been doing
this now for generations. At some point in time, we

(01:39:52):
just need to do business. Okay, that's what will make
America great again, not bombing all the nations.

Speaker 5 (01:40:00):
Gotta take a break.

Speaker 4 (01:40:01):
You are listening to the Watchdog on Wall Street Show,
Watchdog on Wallstreet dot Com.

Speaker 5 (01:40:05):
We'll be back.

Speaker 1 (01:40:23):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:40:34):
I haven't heard these tunes in a long time. Welcome back, everybody.

Speaker 5 (01:40:37):
Hens the Watchdog on Wall Street Show. All right?

Speaker 4 (01:40:43):
The New York Times New York Times printed a piece
this past week entitled we were badly misled about the
event that changed our lives. I don't know if this
is I guess it's a bit of an attempt by
the New York Times to come clean when it comes

(01:41:05):
to COVID and what took place last week. Again, I
went off on a rant here on the program talking
about the anger that I still have, that I still have.
You know, my have a very very hard time forgiving
the people that perpetrated this fraud on this country what

(01:41:28):
they did to us. Quite frankly, this column was. It's extraordinary.
It basically goes through in highlights all all of the
lies that we were told by these people in power,
and how they actively worked to mislead the general public

(01:41:52):
time and time again. I don't know how I think
young I think younger people, for the most part, not
all not people have the mind virus. I think a
lot of younger people out there are are just as
ticked off as I am about what happened, about what

(01:42:14):
what what these people did to their their years in
middle school, their years in high school, their years in college,
what they did to them. I think many of them
are not gonna forget you know that the people that
we're all in. No, No, they're they're they're still It's funny.

(01:42:37):
It's people ask the question, I said, why are people
not more angry? Why are why are more people just
not up in arms angered like I am? And my
answer to that, quite frankly, is that because they were
part of the problem.

Speaker 5 (01:42:55):
They were part of the problem. They were embarrassed.

Speaker 4 (01:42:58):
They were the people that were putting up on the
stupid social media pages stay home, stay safe, and all
this other crap so so distancing. They were the ones to,
you know, to yell at you if you you know,
your mask fell below your nose, your chin, diaper that
you were wearing there at that point in time. The

(01:43:19):
stupidity of the entire thing. They they were involved with that,
and I again, they're embarrassed by it. Listen if you
at this point that you listen, if you bought in,
you bought in, Okay, I mean, admit you were wrong.
It me, you were wrong, Admit you were duped, and
then say, you know what, I'm not gonna I'm not

(01:43:39):
gonna fall for this crap anymore. I'm not going to
listen to these liars in government. But anyway, an extensive
piece on this in the New York Times, going through
everything that they did, and again it's it's difficult to read.
But you know what the funny thing is, it's still
the New York Times, It's still the New York Times.

Speaker 5 (01:43:59):
And in this article they they actually.

Speaker 4 (01:44:03):
Offer up justifications, justifications for the lies to some degree.

Speaker 5 (01:44:10):
Yeah, this is what they write. I'm not making this up.

Speaker 4 (01:44:14):
It's not hard to imagine how the attempt to squelch
legitimate debate might have started. Some of the loudest proponents
of the lab leak theory weren't just earnestly making inquiries.

Speaker 5 (01:44:26):
They were acting in terrible faith.

Speaker 4 (01:44:30):
Why I was acting in terrible faith by being honest
with my listeners, I was acting in terrible faith, That's
what they say. Ah, yeah, we use the debate over
pandemic origins to attack legitimate, beneficial science, to inflame public opinion,
to get attention. No, no, no, I just you know

(01:44:56):
understand when they're saying scientific consensus, it's an oxymoron.

Speaker 5 (01:45:03):
I was.

Speaker 4 (01:45:04):
I was enraged because you know, my well, my eldest
son lost. Uh you know, it could have been they
would have been the state champions and lacrosse lost. That
lost an entire year, kids staying. I was in rage
for a myriad of different reasons. But it wasn't.

Speaker 5 (01:45:23):
It wasn't to get attention.

Speaker 4 (01:45:24):
No, you couldn't get attention. You get canceled, get canceled,
get put in Facebook, jail, get.

Speaker 5 (01:45:32):
Canceled on YouTube. That's what they did.

Speaker 4 (01:45:38):
And again they go on talking about this, Oh yeah,
kind of justifying, and I'm like, there's no justification for
what you did.

Speaker 7 (01:45:51):
You know.

Speaker 4 (01:45:51):
The funny thing is it was everywhere this past week.
The former head of the UK's former intelligence agency m
I six yep. Well on they found out they told
Boris Johnson in twenty twenty that COVID escaped from the
Wuhan Lab. German intelligence new who knows what they knew
here in the United States as well? We obviously knew

(01:46:14):
as well, because we spy on those spies. Why weren't
we told? Why wasn't this handled properly? Again, just nobody's
asking questions. Nobody's asked. I mean, no, no, let's kind
of forget about that. Let's kind of forget about Let's
let's going back, Let's go back, Let's go back to
being stupid idiots and believing in government again, not me.

(01:46:39):
Watchdog on Wall Street dot Com, Watchdog on Wall street
dot com. Don't go anywhere a lot more. We're gonna
go over on the program Watchdog on Wall street dot com.

Speaker 5 (01:46:48):
There, get to our to our website.

Speaker 4 (01:46:51):
Get to our website, Watchdog on wallstreet dot com Personal
CFO program, our twenty four hour day help hotline eight
hundred four seven eighty four.

Speaker 5 (01:46:59):
We'll be back.

Speaker 1 (01:47:13):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.

Speaker 4 (01:47:23):
The parasite class, the parasite class, left winning, left leaning
lunatics that are out there because they are what they are.
God bless them, God bless them. I hope, I hope
someday they see the light up, someday they can turn
away from the shadows and look. Having a mental conniption,

(01:47:48):
freaking out right now. Because Trump signed an executive order
to abolish the Department of Education. We needed a permanent case.
It levels the playing field and makes them better and educate.

Speaker 5 (01:48:00):
It's better now, okay, really? Really?

Speaker 4 (01:48:04):
Then?

Speaker 5 (01:48:04):
How come?

Speaker 4 (01:48:05):
How come since Jimmy Carter established the Department of Education?
How come education has gotten worse. If we need it,
you establish it, and it's got a track record going
back to the late nineteen seventies, and you're telling me we.

Speaker 5 (01:48:23):
Should stick with that.

Speaker 4 (01:48:25):
Okay, to all of you people, you parasites out there,
you left leaning lounds, could you tell me what the
definition of stupidity is? See you know most people say
it's doing the same thing over and over again expecting
different results. You want, checkmate, I will give you check mate. Checkmate.

(01:48:52):
When it comes to we need to completely overhaul education
in this country, most certainly getting rid of the Department
of Education. Harvard. When it was Harvard, that was like sixteen,
so I don't even know. Okay, Harvard's been around for
a long Harvard's been around longer than this country has
been around. And it's Harvard. It's one of the best

(01:49:14):
institutions in the country. For the first time, and it's history.
Harvard is going to be offering remedial algebra classes. That's
checkmate right there, Checkmate. Our nations support number one number

(01:49:36):
one college run the harder schools to get into, and
the entire world habed unless, of course, you got big
box Harvard for the first time and its history is
offering remedial algebra because it has to, because the kids
that are getting into Harvard are having difficult time with

(01:49:59):
the with the algebra. Now again, I listen, I wasn't
a mathematical genius by any stretch of the imagination.

Speaker 5 (01:50:08):
I wasn't given that U talent. I tried, tried.

Speaker 4 (01:50:12):
I can tell you this. I had to take plenty
of math when I was in college. I didn't need
to take remedial algebra. Not my brother Matthew. My brother
Matthew majored in mathematics. God bless him. Okay, No, didn't
need remedial algebra. That that's that's that's checkmate, right there. Kids. Okay,

(01:50:33):
if you don't think that we need reform for education
in this country, I give you Harvard remedial math. Anyway,
gotta take a break. Watch Look on Wall Street dot com.
Watch Look at wallstreet dot com is our site eight
hundred four to seven one fifty four.

Speaker 5 (01:50:54):
We'll be back.

Speaker 7 (01:50:56):
Mon stas.

Speaker 1 (01:51:02):
Chris Markowski is the Watchdog on Wall Street bringing America

(01:51:25):
financial freedom. One listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:51:33):
You know what will Raddick picking on Harvard. Harvard put
out a release this past week. They had their press people,
their public relations people made sure this went here, there,
and everywhere. Oh says tuition will be free, free for

(01:51:54):
families making two hundred thousand dollars or less. And here's
the quote, putting a Harvard within financial reach for our
individuals widins the area of backgrounds, experiences, and perspectives that
all of our students encounter, fostering the intellectual and personal growth.
By bringing people with outstanding promise together to learn with
and from one another, we truly realize.

Speaker 5 (01:52:14):
The tremendous potential of the university.

Speaker 4 (01:52:17):
Oh, this new plan is going to enable eighty six
percent of US families to qualify for a Harvard financial aid. Okay,
people stop stop, Okay. Harvard is a business. Princeton is
a business. They're all businesses, you get it.

Speaker 5 (01:52:36):
They need money.

Speaker 4 (01:52:38):
Okay. Oh, Harvard's they've got a massive endowment. And I'm
sure this is a bit of a reaction to Donald
Trump's plan to start taxing these endowments. If you don't
think that these colleges and universities know who they're admitting,
you don't think that they can do a Google search
and find out what the parents do.

Speaker 5 (01:53:00):
Out loud.

Speaker 4 (01:53:01):
The Wall Street Journal actually did a really good They
did a really good job going after college and universities
and the financial aid and the waste and how kids
are admitted. If I'm not mistaken, they did. They've actually
were talking about Lafayette, which is a small college in Pennsylvania.
It's a good school, but they basically talking to these people. Again,
you can only offer so much financial aid. I mean,

(01:53:25):
Lafayette's not Harvard, but they need people to come to
the school that can keep the lights on, that are
in the bills, that are paying tuition. For crying out.

Speaker 5 (01:53:35):
Loud, give me a break.

Speaker 4 (01:53:41):
You think that some real smart kid, if he's up
against a real, real, real, real rich kid whose dad
is going to donate a ton of money to the university,
and it's between this one and that one, who do
you think is going to get it? Come on, people,
And actually, I quite I don't really have any problem

(01:54:01):
with that. It's a business, okay. My problem is with
the fact that they have nonprofit status.

Speaker 5 (01:54:08):
That has to stop.

Speaker 4 (01:54:09):
Okay, you're not nonprofits, Okay, You're about as much of
a nonprofit as major League Baseball is a nonprofit or
the NBA or the PGA for crying out loudah, they're
all nonprofits, right sure? Anyway, Oh here here's a bit
of a uh well, I don't know al Gored didn't

(01:54:29):
put this out yet. I found out about it this
past week. Everybody, just want to let you know, if
you want to be green, if you want to be
with Greta, if you want to do the right thing
by the environment, stop cooking your food.

Speaker 8 (01:54:45):
That's right.

Speaker 4 (01:54:48):
First it was no, no, no more gas stoves. They
saw no, can't have that. Now, I guess the next thing,
if you really truly want to be green, down with
the struggle, stop cooking that that's right.

Speaker 5 (01:55:00):
I guess they're saying.

Speaker 4 (01:55:01):
That cooking releases a volatile organic compounds that contribute to
ozone pollution. According to the NOAA, Yes, potent and often
pugin volatile organic compounds give off, give it off from
cooking food are responsible for over a quarter of the
ozone production generated by human activity. That's it, kids, that's it.

(01:55:28):
I guess someone's gonna be eat sushi. I bet can
we have that?

Speaker 7 (01:55:31):
Is it?

Speaker 4 (01:55:31):
Okay? Can we have sushi? I don't even know quite frankly.
Oh oh, here we go. When we're on the topic
of climate. I guess they're having a major the COP
thirty COP thirty Climate Summit is going to be held
in the Amazon rainforest. Yay, guess what they're doing. Well,

(01:55:57):
they got to build a road. They got to build
a road through the middle of the Amazon force. The
road is huge. It's connecting some Brazilian city of Belem there,
I guess, to the airports so people can fly in
on their private jets. So basically, basically they're tearing down

(01:56:20):
the rainforest in Brazil so they could have their top
thirty climate summit. Again, not making this up anyway. I
have to touch on this one as well. And this
is a shout out to Poland.

Speaker 5 (01:56:39):
That's right.

Speaker 4 (01:56:41):
Ah, I love my listeners, and my listeners again, I've
got a grand appreciation of ethnic jokes, okay, and my
Italian contingent. I got quite the Italian contingent of listeners
here to the program. And you know, they you gotta
call me half breed and all this stuff because I'm

(01:57:02):
half Italian and half Polish, and you know, like to
point out the fact that, you know, when I come
up with something that they think is bright on the program.
They obviously say, that's my Italian side, not my Polish side. Well,
I got to give a bit of a shout out
to Poland. Poland's GDP per capita right now it exceeds Japan's.

Speaker 7 (01:57:28):
Now.

Speaker 4 (01:57:28):
I want anybody to kind of think about this and
also put this into perspective in the power of capitalism. Okay,
Poland was a backwater communist hellhole back in the nineteen
eighties when the great say, in my opinion and again

(01:57:52):
also my opinion, great Well, the greatest pope that I know,
John Paul the second Ronald Reagan, like will Less, turned
the tide in that country. I don't know if you
actually watched and see what's going on there and the
type of growth that they are doing, it is extraordinary. Okay.

(01:58:15):
And again this is why I say again again you
export capitalism, you do business. The rising tide lifts all boats.
So congratulations to Poland. Good for them, But hey, ty
inside that Georgia Maloney in Italy is doing a phenomenal
job as well. They're doing great to Watchdog Wollstreet dot com.

(01:58:37):
Watchdog and Wallstreet dot Com is our site again become
a part of our family, our personal CFO program eight
hundred four seven one fifty nine eighty four God bless everybody.
We'll see you next week.

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Watchdog on Wall Street: Podcast for Weekend of March 22 - March 23 2025

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.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 March 22 - March 23 2025