Watchdog on Wall Street: Podcast for Weekend of April 19 - April 20 2025 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
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Speaker 1 (00:07):
Well known author, investment banker, consumer advocate, analyst, trader Chris
Markowski is the watchdog.

Speaker 2 (00:15):
The Wall Street.

Speaker 3 (00:16):
Do you want to answer.

Speaker 1 (00:18):
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 3 (00:28):
You can't handle the true truth.

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

Speaker 4 (00:35):
Ladies and gentlemen, We're not here to indulge in fantasy,
but in political and economic reality.

Speaker 2 (00:40):
This is the watchdog Wall Streets.

Speaker 5 (00:44):
All right, welcome, welcome everyone. Uh, Happy Easter, Happy Easter,
Happy Holy Week. My favorite week of the year, without
a doubt, And going back to when I was a kid,
it was a little different.

Speaker 6 (01:02):
When I was a kid.

Speaker 5 (01:03):
You know, this time of year in upstate New York,
the weather start and break, and you know Little League
was going to start start looking forward to summer.

Speaker 6 (01:13):
I was busy a lot.

Speaker 5 (01:14):
It was a church a lot during Holy Week when
I was a kid, as an altar boy, setting up
various different things. But each year that goes by, I
guess I become more and more and recognize the importance
of this week and as my longtime listeners knows I'm
pretty apologetic, unapologetic. Excuse me when it comes to my

(01:36):
belief system. My belief system here and what we talk
about here on the program. I get kidded a lot,
you know here of my local friends and some of
the things that I do, and you know, giving up
various different things for Lent and a great way to
describe Lent, and I wasn't really thought about this way.

(01:59):
Jeffk Evens describe it this way also, Father Mike Schmid
as well. It's Lent is kind of like one of
the things I love to do is a train to
work out. And the period of Lent, especially in Holy Week,
with what you're trying to do is you're trying to
train train yourself to be a better person, in our case,

(02:23):
to be more like Jesus. And the reality, the reality
is I'm going to fail. I'm going to fail, just
like all of us are going to fail. I failed
a lot during this Lent period, even with this show.
Even with this show, you've seen me and you've heard
me go off on various different rants.

Speaker 6 (02:47):
You've heard my anger when.

Speaker 5 (02:49):
It comes to certain policies that are out there. I
don't like to do that. I'm trying to get better
when it comes to that. There's a quote from Saint France.
The sales says, I made a pack with my tongue
not to speak when my heart is disturbed.

Speaker 6 (03:09):
It's been tough. It's been tough for the past.

Speaker 5 (03:13):
Few weeks, without a doubt, without a doubt. But again,
one of the things that we really try I pride
myself in here on the program is giving it to
you straight, giving it to you straight. I'm not bought.

(03:38):
I've had this radio show for twenty five plus years.
You know that we've rejected every single sponsor, the commercials
that you hear. Network puts those things on. I get
nothing to do with it. I get nothing, nothing from
any of the ads, whether it be on this radio show,
whether it be on this podcast. I will never take

(04:01):
a dime a political ads, whatever it may be, No,
I won't do it. We take great pride and going
above and beyond and trying to call it straight for
everybody here on the program. Now, sometimes it's appreciated by listeners.
Other times I get hate mail, get hate mail for

(04:24):
people because again, people end up worshiping idols in the
form of various different politicians or theories of this world,
whatever it may be, rather than the one thing that
they should be worshiping. I use, I use a part

(04:45):
of the Bible often here on the program when it
comes to truth, and it's at this time of year,
and it's when Jesus is taken taken before Pilot and
again pilots in essence here I'm going to paraphrase to
some degree, and he's like, what are you bringing me

(05:07):
here for to take games telling? The telling Caiaphas and
the Pharisees.

Speaker 6 (05:11):
Taking yourself. Judge him by.

Speaker 2 (05:14):
Your own law.

Speaker 5 (05:15):
And they were telling they wanted to execute and we
can't execute anybody. And he asked Jesus if he was
the king of the Jews, and Jesus, is that your
own idea or others talk to you about me? And
Pilot's like, am i Jew? So your own people handed
you over to me? What is it you've done? And
Jesus says, I'm not of this world, not of this world.

(05:37):
If it was if I was this world, my servants
would fight to prevent my arrest by the Jewish leaders.
But now my kingdom is from another place. Piot says,
you're you're a king. Then Jesus answered, you say that
I am a king. In fact, the reason I was
born and came into this world is to testify to

(05:58):
the truth. Everyone on the side of truth listens to me.
And there's the line that I use all the time.
And that's the problem with our world today. What is truth?
What is truth? Pilot retorted, And that's that's the world

(06:25):
we live in. People will use the quote end quote
truth and twist it and basically make it and use
it for their own needs. We made fun of that
Calvin Klein commercial. My truth, my Calvins, it's my truth.
You don't have.

Speaker 6 (06:47):
A truth. You don't.

Speaker 5 (06:50):
And this is one of the things that Pilot, you know,
being a politician, that's what he was. He was a politician,
was sent sent to keep control over the Jews in Israel.

Speaker 6 (07:02):
That's what he was sent to do.

Speaker 5 (07:05):
He didn't want to have any riots, he didn't want
to have any problems.

Speaker 6 (07:11):
As a politician. He wanted to use the truth.

Speaker 5 (07:17):
Pilot had a skeptical attitude towards absolute truth. He basically said,
I don't believe that there's a fixed or an objective truth,
but rather truth is subjective or relative.

Speaker 6 (07:35):
And again.

Speaker 5 (07:35):
It's fascinating and I use it all the time here
on the program because it's.

Speaker 6 (07:39):
What I run into again and again and again.

Speaker 5 (07:44):
I say things, I talk about things here on the
program that oftentimes upsets the apple cart, makes people uncomfortable.

Speaker 7 (07:54):
I'm never gonna listen to you again. You and after Trump,
I'm never gonna listen to you. You know that's you're
going after Biden. Do they ever these people are these
same people? Do they ever question the points that I'm
making here on the program or whether or not they're factual. No, No,

(08:15):
I'm going against their idol. I'm going against their belief system.

Speaker 5 (08:24):
But that's what I'm here for. That's what I'm here for,
and the reality of the situation. You know, my format,
what we do here on the program, it's not I've
known this for twenty five years. I'm lucky enough to
have had this show for this long because you know,
it's not commercially viable. What's what's commercially viable as far

(08:46):
as media is concerned in today's day and age, is
to pick a side, no matter what, no matter what,
you're on this team.

Speaker 6 (08:56):
This one's on that team, and fight fight, fight, fight, fight.

Speaker 5 (09:01):
Like some sort of nonsensical you know, eighth grade battle
that took place outside the cafeteria back in the day.

Speaker 6 (09:10):
Fight Fight, Fight.

Speaker 5 (09:13):
You do realize the difference between there is no difference
between Fox News and MSNBC, no difference.

Speaker 6 (09:22):
It's the same thing. They are exactly the same thing.

Speaker 5 (09:26):
The producer for Fox News could work for MSNBC and
vice versa. They just pick size and it's there to
get people going, and we do everything in our power
to dispel that. I have been very busy, very busy. Uh,

(09:49):
this entire month's been crazy. It's been crazy. And again
I've explained as we talked about this last week here
on the program, we're talking about the mo markets.

Speaker 6 (10:00):
Not quite. Frankly, I'm not concerned. I'm not concerned.

Speaker 5 (10:04):
We said this the weekend, what was it the weekend
what was the tariffs came in? It was at April second,
that weekend. After the tariffs. What do we tell you
here on the program. Businesses will find a way, they
will The markets will work its way through. Whether it's

(10:24):
going to be next month, whether it's going to be
a couple months from now, whether it's going to be
the end of this year. There will eventually be a recovery.
There will be a workaround the many of the emails
that I've received from people from all over the country. Again, God,
bless God, bless you all. Okay, you guys, are there's

(10:48):
people showing empathy for me? Could they obviously hear the
stress in my voice, whether it be on the podcast
or here on the radio program on the weekend. And again,
that's stress. Not to do with the financial markets, not
to do with the portfolios.

Speaker 6 (11:05):
It has to do with.

Speaker 5 (11:10):
My clients, the people I love, the small business owners
out there, the small business owners that listen to this program,
the small business owners that have never listened to this
show that have no idea who Chris Markowski or Markowski
Investments or the watchdog on Wall Street is. For whatever
reason is I know what they're going through right now.
I know what many of them, almost all of them,

(11:32):
are going through right now. I've been there, I've done that.
I've built a small business up to what it is today.
I understand how businesses work. I understand supply chains, I
understand I understand that a small business can't afford to

(11:56):
lease out a seven forty seven and move all of
its It's all of its input costs and the things
that it needs on that and fly it here to
the United.

Speaker 6 (12:05):
States like Apple did.

Speaker 5 (12:08):
I'm not I'm not haranguing Apple or going after them,
but the reality is this country, this country runs, it
doesn't run on Apple. As powerful as Apple is, as
big as it is, it's the small business owner. It's

(12:31):
the small businesses here in this country that drive growth,
that drive innovation, and they are getting hammered right now.
They are getting hammered. They don't know what's up, they
don't know what's down, Sideways, backwards and forwards, rules changing

(12:55):
all the time, Promises for deal here, promises for deal there, Costs.

Speaker 6 (13:01):
Going through the roof.

Speaker 5 (13:03):
You're saying, I have people sending me, sending me the
various different the invoices that they have that they have
to pay and that he added costs that they have,
saying I can't even sell these items that I ordered.
No one will buy them because of the tariffs that
were put on. That's hard for a small business. That's

(13:26):
a bump in a road for a major conglomerate out there,
but for small businesses that's tough man. And again, you
know to the people out there, oh.

Speaker 6 (13:40):
Yeah, we'll just wake this through. Everything is awesome.

Speaker 5 (13:44):
Oh yes, Trump said he was gonna do all the
terror I mean promised that.

Speaker 6 (13:47):
No he didn't. No no no no no no no
no no no no no. Okay.

Speaker 5 (13:53):
If if he said he was going to do the
things that he just said, he wouldn't have gotten elected.
But we'll save that for later. That's the stress that
I'm feeling right now. I listen like I said, you know,
I love my listeners, I love my clients. I love
small business owners. What has been an underlying theme something

(14:14):
that we have tried to teach people young and old,
no matter what age, even retirees for crying out loud,
I try to get them back in, build.

Speaker 6 (14:25):
Create, protect, and teach.

Speaker 5 (14:30):
It is really really hard to build and create right now.

Speaker 6 (14:35):
It is. It's very hard, but you have to push through.

Speaker 5 (14:45):
You have to push through going to remind all of
these small business owners out there how important you are
to this country. You're more important than any politician. You're
more important than any president out there. You are important
to your community. You are an inspiration to so many people.

Speaker 6 (15:08):
What you do, putting putting money at risk, going out there,
hang in, hang in a sign out there starting a business.

Speaker 5 (15:16):
I don't care what it may be. I have the
utmost respect for you because you've done it.

Speaker 6 (15:25):
You grind you know, you know, okay, that it never
goes away.

Speaker 5 (15:31):
It's constant work, all the time. And you don't deserve this,
you don't. So again, the stress you hear in my voice,
the stress you hear in my voice is for you.

Speaker 6 (15:44):
It's for you.

Speaker 5 (15:45):
And again we're all in this together. We've got a
lot we've got to go over. On the program today,
Watchdog on Wall Street dot com Again, Watchdog on Wallstreet
dot com is our site.

Speaker 6 (15:58):
Become a part of our family.

Speaker 5 (16:01):
Sign up for our personal CFO program, our podcast, all
sorts of great great stuff right there at the site
Watchdog on Wallstreet dot com, or give us a call
eight hundred four seven to one fifty nine eighty four.

Speaker 1 (16:30):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog in Wall Street with Chris Markowski.

Speaker 6 (16:40):
About all right, getting out of the waiting place, Getting
out of the waiting place.

Speaker 5 (16:47):
Longtime listeners are familiar. I've talked about this before. One
of my favorite books of all time. Okay, I put
this one and this one's up there. Great book, Doctor Seuss, book,
Oh the Places You'll Go. It was the very first
book I bought my son Stephen, who's going to be

(17:10):
graduating from college a couple of weeks.

Speaker 6 (17:15):
And there's a part.

Speaker 5 (17:18):
In the book, part of the book that basin the
talks about the realities, the realities, the ups and downs
of life. And you're going to be times when you're
riding high. Doctor Seuss talks about it. You won't lag
behind because you'll have the speed. You'll pass the whole gang,
and you'll soon take the lead. Wherever you fly, you'll

(17:40):
be the best of the best. Wherever you go, you
will top all the rest, except when you don't, because
sometimes you won't. I'm sorry to say so, but sadly
it's true that bang ups and hang ups can happen
to you. You'll get all hung up in a prickly
perch and your gang will fly on.

Speaker 6 (17:58):
You'll be left in a yep.

Speaker 5 (18:03):
You'll come down from a lurch with an unpleasant bump,
and the chances are that you'll be in a slump.
And when you're in a slump, you're not in for
much fun. Unslumping yourself is not easily done. And this
is where it gets into where we're at now, uncertainty.
You'll come to a place when the streets are not marked.
Some windows are lighted, but mostly they're dark, a place

(18:24):
you could sprain both your elbow and shin. How dare
do you stay out? Do you dare to go in?
How much can you lose? How much can you win?
And if you go in, should you turn left or
right or right in three quarters or maybe not quite?

Speaker 6 (18:34):
Or go around back and sneaking from behind? Simple, it's not.

Speaker 5 (18:37):
I'm afraid you will find for a mind maker rupper
to make up his mind. You'll get confused to start
to race down long wiggled roads at brecknicking paces and
grind for miles across weirdest wild space, headed eye fear
toward a most useless place, the waiting place. Again, This

(19:02):
is where many people are at right now. People just
waiting waiting for a train to go, or a bus
to come, or a plane to go, or the mail
to calm, or the rain to go, or the phone
to ring, of the snow to snow, or waiting around
for a yes or no, waiting for their hair to grow.
Everyone is just waiting, waiting for the fish to bite,
or waiting for the wind to fly a kite, waiting

(19:22):
around for Friday night, or waiting perhaps for their uncle Jake,
or a pot to boil, or a bitter break, or
we can even thry it through in there. Maybe how
about some clarity when it comes to tariffs and rules
and regulations and all this stuff. Waiting for a recession,
maybe recession to end, recession to start, waiting for the

(19:44):
value of their home to go up, or whatever it
may be, a stock market to rebound. Listen again, this
is a message to everyone out there. Don't fall in
I know this is easy.

Speaker 6 (20:00):
Set you, easier said than Don Markowski.

Speaker 5 (20:04):
Don't fall into the trap of the waiting place. Don't
right now, right now again, we're heading into a recession.

Speaker 6 (20:14):
That's where wealth is created.

Speaker 5 (20:18):
As difficult as it may be, use the recession, use
the slowdown, Use all of this stuff that's going on
to strengthen yourself to become more anti fragile. Watchdog on
Wallstreet dot com. Watchdog on wallstreet dot com again is
our site, our personal CFO program, our podcast, Don't go

(20:42):
anywhere Watchdog on Wallstreet dot Com.

Speaker 6 (20:44):
We'll be back.

Speaker 2 (20:59):
You should believe even math not magic.

Speaker 1 (21:01):
You're listening to The Watchdog in Wall Street with Chris Markowski.

Speaker 6 (21:07):
Well I can. I got announced everybody here.

Speaker 5 (21:11):
My book is off to the publisher, off to the publisher.
And again it's hopefully we have it ready by mid
May to the latter part of May. We're very excited
about it. Titled the book is you're.

Speaker 6 (21:28):
Familiar with this with this phrase because I use it
all the time.

Speaker 5 (21:32):
Title book is work time and effort, work time and effort.
And what the book is is a celebration, celebration of
my clients. Yeah, not about me, not about me, not
about my business. Uh, not my story. You guys listen

(21:53):
to me all the time. I am telling the story
of my clients, their success stories, the small businesses out there,
what they built, how they built them.

Speaker 6 (22:04):
Where they came from.

Speaker 5 (22:06):
And when it uh gets a little bit closer to
coming out, we'll go over at that point in time.

Speaker 6 (22:12):
But I'm very much looking forward to that quickly. I
want to talk a little bit about this topic as well.
Something are really grinded my gears over the past couple
of weeks is some of the nonsensical arguments that are
made by people. Hey, the billionaire, he must be right.
Uh huh uh huh. And judging people based upon their wealth,

(22:39):
don't do that. Don't do that.

Speaker 5 (22:42):
I can't stand that, Quite frankly, I can't stand that.
You know, there are people in this world.

Speaker 6 (22:53):
There are people. I think he was a great I
just thought about that.

Speaker 5 (22:55):
There's a great line Morgan Freeman playing playing God and
Bruce Almighty when he tells Bruce there's some people that
come home, come home from work at night that you know,
I said something like that, stink to high heaven from
sweat and working. Are some of the happiest people in
the world. And that's what you should strive for. And
you know what I thought about it this past week,

(23:17):
because that's some of the moronic arguments that people were,
all right, m's got a lot of money, he must
be right about everything, right, sure, okay, whatever. I have
a list that we go over here on the program
talking about financial independence and how one can become financially independent.
Quite frankly, I've done a lot of interviews over the

(23:38):
past several weeks. You know, what do we do. We're
going in to do a recession? What should people do?
And yeah, you want you don't want to put undo
pressure on yourself by being in credit card debt. We've
talked about that and how to become financially independent, but
I never really put together a list because it's different
for every person. And like I said, every portfolio that

(24:03):
we manage, every portfolio that we manage at Markowski Investments,
is unique and different because every person is unique and different.
Some people, some people would go absolutely nut. So if
they had to sit at a desk in front of
a computer and do a job, that wouldn't make them happy,

(24:24):
that wouldn't make them wealthy. If they did it, that
might make them richer. But if that is your goal
in life, okay, is to end up at the end.

Speaker 6 (24:34):
With the biggest bank account, I feel sorry for you.

Speaker 5 (24:39):
I really do one thing I do know, and I
gotta put this together. I really got to sit down
and talk about things that I for myself, things that
I feel are going to make that describe true wealth.
I think it's almost something we all should do, because
that's part.

Speaker 6 (24:58):
Of the thing.

Speaker 5 (24:59):
If we we're listening to God, we're praying, and we're
asking God for GUIDs, He's.

Speaker 6 (25:03):
Gonna point us in that direction. If we choose to listen.
But I can tell you this much.

Speaker 5 (25:11):
Something I talk to my kids about, especially my eldest
son is graduating who's right now looking for jobs. And
you know, one of the things I explained this to
my kids, I said, you know, it's a true sign
in a really good place.

Speaker 6 (25:29):
You don't envy anyone for anything. You don't nothing, nothing.
Let's take a look at you know, somebody that's prominent
out there. I love sports like Aaron Judge. Okay, Wow,
wouldn't it be great? I'm envies. I wish I was.

Speaker 5 (25:50):
Aaron Judge and playing right field for the New York Yankees.

Speaker 6 (25:54):
No way, nohow. I wouldn't change a thing. Yeah, you
have regrets in life and things that you wish you
hadn't done. More like, it's the ways you treated people
at some point in time that you wish you could
have taken back. I wouldn't change places with anyone, right
a few for the New York Yankees. I'm sorry. I've right.

(26:14):
Like I said, I've got a wonderful family. I've got
three kids I love.

Speaker 5 (26:18):
I'm gonna risk not being there and seeing them grow
up and coaching them for that. No way, no how,
all the money in the world, all of bezos must
but ah, no way, no how, And that's that's the
place you want to get to. Something that one should

(26:40):
think about this easter. Have to take a break. Watchdog
on Wallstreet dot com. Watchdog on Wallstreet dot Com again,
become a part of our family, our personal cf OLD program.
Take advantage watch Dog on Wallstreet dot com, or give
us a call eight hundreds four seven one fifty nine eighty.

Speaker 1 (26:59):
One in the city rushing fun.

Speaker 3 (27:05):
I see here.

Speaker 1 (27:07):
Alone bringing America financial freedom, one listener at a time.
You're listening to The Watchdog on Wall Street with Chris Markowski.

Speaker 5 (27:30):
All right, I've been been playing tennis in my mind,
back and forth, debating whether or not I should talk
about this, uh this next bit on the show.

Speaker 6 (27:43):
I'm gonna frame it this way. I have to. I
have to bring this up.

Speaker 5 (27:48):
I have to talk about this on the show because
I have to honor all of the wonderful people, all
the wonderful people that work at Markowski Investments and the
Watchdog on Wall Street Show.

Speaker 6 (28:04):
We were again, hold on, I got I got none
of that. I gotta thank you.

Speaker 5 (28:10):
I gotta thank you you, I gotta thank the listeners
here this program. I've got to thank my clients. People
went out and they responded in incredible numbers to the
various different surveys.

Speaker 6 (28:25):
There is.

Speaker 5 (28:27):
STATISTICA in USA today put together a list of the
the best ria firms in the world. And yeah, we
were one of them. We were one of them. And
I had no idea. We had no idea. Every year
you got various different Oh you know, would you send
us some money and we'll put you on this list.

(28:48):
We laugh at that stuff. This didn't come from us.
This came from our clients. This came from obviously from
the people who listened to this show. And like to
thank you for that. I'd like to thank you for that.
We really do. Uh, it means a lot anyway. Anyway,

(29:08):
let's get back to the the task at hand here.

Speaker 6 (29:11):
All right.

Speaker 5 (29:12):
We got to talk a little bit about the markets
we like to to consider ourselves. And this is actually
from a this is actually very actually a renowned investment consultant.
His name was Charlie Ellis, and we talked about when
the stock market goes nuts and goes insane and it's
bouncing around right now, it's the volatility is off the charts,

(29:36):
if we can find if you.

Speaker 6 (29:37):
Can apply.

Speaker 5 (29:39):
A painless it's almost like a dirty word nowadays. Vaccine, okay,
mental vaccine to keep people calm and steady. Well, that's
that's what we like to consider ourselves as we'd like
to try to do here on the program. That that's
what our personal CFO program is all about. People all

(30:01):
the time again they' they're their own worst enemy when
it comes to the markets, time and time again, every
sell off, every panic, it's always an end of the
world situation. And what we try to do, and that's
what our personal CFO program is. When you're taking us
on as your family's a CFO in more ways on
you need us to do your tax we can do that.
You need legal help, we can do that. But more

(30:22):
or less, it's you know, we handle we handle the
money aspect and the management of that, and that's what
we do.

Speaker 6 (30:30):
We navigate the.

Speaker 5 (30:31):
Financial storms, the corrections, the volatility that's out there. You know,
again this nobody expected terroriffs this high out of nowhere.
But again, a great ship captain, great ship captain is
able to deal with a rogue wave. He's able to
deal with the storm that comes out of nowhere, and that's.

Speaker 6 (30:56):
What we do.

Speaker 5 (30:57):
Can we make the waves go away? Can we make
that you know, the ups and downs go I can't.

Speaker 6 (31:03):
I can't.

Speaker 5 (31:05):
What we can do is get you through it, Get
you through it, and when you're coming out on the
other side better and stronger than you were going in.
Got a lot we gotta go over on the program. Yes,
we're gonna break down all of the politics of the
day and how it's affecting the markets, but we do
a little bit more, a little bit more on the

(31:25):
financial side when we come back as well.

Speaker 6 (31:28):
Wall Street remember that, Oh it's Main Street versus Wall Street.

Speaker 5 (31:32):
Well, as it turns out, don't doubt me. We told
you Wall Street it's printing money. They're printing money. Watchdog
on Wallstreet dot Com.

Speaker 6 (31:39):
We show returned.

Speaker 1 (31:42):
Chris Markowski is the Watchdog on Wall Street, taking Wall
Streets liars, crooks and cheets out behind the woodshed. You're

(32:06):
listening to the Watchdog on Wall Streets.

Speaker 5 (32:14):
Welcome back, everybody, Welcome back. It is the Watchdog on
Wall Street show. Yeah, I mentioned, you know some of
the frustration that I have. My my frustration also it's
also with the media as well. When I went various
different pundits on networks just lie and.

Speaker 6 (32:37):
Again I don't know.

Speaker 5 (32:38):
Again it's I shouldn't say that I should I shouldn't
because I don't know for certain one hundred percent that
they're lying or maybe they're just ignorant. Again I said,
I've done a lot of media, and many of these people, Okay,
if it's not on the teleprompter, that whole ron Bergundy
Anchorman thing, that's that's real. Okay, they are going to

(33:00):
read what is on the teleprompter, whatever you put there.
And their producers, again, like we've explained how the media works,
they're there to create a narrative. They're they're crafting a
television show, and they need people to fit into certain
certain you know, narratives, certain ideas being pushed, and they

(33:24):
need to have a little bit of blowback here and
then an argument because it makes for good TV. But
one of the dumb things that was being pushed by
a lot of the the soface on Fox News is.

Speaker 6 (33:39):
That, ah, this is Trump, this is main Street. Trump's
going from main Street and they're taken on.

Speaker 5 (33:46):
Wall Street and what do we tell you that is
the biggest bunch, biggest pile of steaming bull excrement. I
have ever heard Wall Street is printing money right now.
Main Street is getting crushed. Main Street's getting crushed, small

(34:09):
businesses getting crushed. Prices are going to go up. Fat
Wall Street they love this. Oh my god. When you
see the market swing like this, do you understand how
much money they're making.

Speaker 6 (34:23):
That's the thing is that people think, oh yeah, Wall
Street only makes money when the market goes up wrong. Wrong.

Speaker 5 (34:33):
Goldman's Equity Traders posted their highest quarterly revenue hall on record,
mimicking Wall Street peers in riding a wave of market volatility.

Speaker 6 (34:50):
Think about that. You were told, You're told by the administration,
you were told by the various different liars or ignorant.
This is whatever it may be. It's either one or
the other. That. Oh no, yeah, Wall Street they're getting
They're gonna get crushed on this. No, no banks, this again,
this is Wall Street journal. Bank trading desks are minting

(35:14):
money from Trump's tariff chaos.

Speaker 5 (35:20):
Now you know many people listen to this program. I
got tons of hate email.

Speaker 6 (35:26):
Who's taken to your Wall Street goug? I'm a Wall
Street guy. No one goes after Wall Street. No one
has gone after Wall Street and Too Big to Fail
harder than I have over the past thirty years. Nobody,
there's not a soul. I have taken them on again

(35:46):
and again and again. We told this is gonna happen.
We told you Wall Street was gonna.

Speaker 5 (35:55):
Make a fortune on this chaos, on the amount of
a volume that was going to take place out there.
We also told you, don't fall for the trap. Don't
fall for the trap.

Speaker 6 (36:13):
You see this type of volatility that takes place, You'll
see a headline hit and all of a sudden, the
markets will move hundreds of points in one direction. Liquidy split.
That's all computerized trading. It's all algorithms that are moving
these markets. Same day options.

Speaker 5 (36:35):
A myriad of derivatives out there that can really push
the market in violent ways in one way or another.
You can't trade it. I can't trade it. Okay, I
can't trade it. I don't even want to trade it.
And trust me, trust me, My facilities are way better
than yours.

Speaker 6 (36:54):
I don't care how many screens you have.

Speaker 5 (36:57):
Okay, don't participate, don't play against the machines. This is
last week on the program. Remember that lesson from the
movie uh Wargames The only way to win is not
to play. The volatility will eventually subside, the market will

(37:21):
get its footing, and it will move forward. What you
do in the interim, okay, is the deciding factor.

Speaker 6 (37:29):
That's what that is.

Speaker 5 (37:30):
It is make or break time for your money. You're
gonna decide, you're gonna start trying to trade this. You
guess you know what's gonna happen next. You're gonna know
how to play it. You're gonna get You're you're gonna lose.
You're gonna lose. And I've seen people do it again
and again and again for thirty years. What else, What

(37:54):
do we tell you last week as well? Wait, we're
not just last week. We've mentioned it often here on
the program, that great JP Morgan quote. When stock sell
off or there's a recession, stocks return to their rightful owners.
You want a bit of information out there that they're

(38:16):
not telling you right now. Insiders, insiders and what I'm
talking about inside corporate insiders, executives and all of these
major companies right now they can't buy stock fast enough.

Speaker 6 (38:35):
Oh yeah yeah.

Speaker 5 (38:36):
Company insiders right now scooping up shares of their own
companies at the fastest pace in almost two years. Why
they know, they know, they know.

Speaker 6 (38:53):
Woof Okay, you know people were gonna they're gonna take
them prices down here. I work at the company company fantastic,
great value down here. We are going to take advantage
of it again.

Speaker 5 (39:07):
This is part of our process, part of our rules
of the road. Get emotional, get worried, get burnt, get smart.
Invest like a corporate insider.

Speaker 6 (39:20):
Remember we talk about that, invests like a multimillionaire, Invest
like a billionaire.

Speaker 5 (39:24):
What are they doing right now? Gotta take a break.
Watchdog on Wallstreet dot com, Watchdog on wallstreet dot Com.

Speaker 6 (39:32):
We'll be back.

Speaker 2 (39:48):
Well, No one altered.

Speaker 1 (39:49):
Investment banker in summer Advocate analyst, trader Chris Markowski.

Speaker 2 (39:54):
He's the watch dog on Wall Street.

Speaker 1 (39:57):
Answer exposing the lin and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom.

Speaker 3 (40:08):
You can't handle the truth.

Speaker 2 (40:11):
financial world.

Speaker 4 (40:15):
Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 2 (40:20):
This is the watchdog on Wall Streets.

Speaker 5 (40:25):
All right, welcome back everybody the Watchdog on Wall Street Show.
I want to remind everybody we do a podcast. I
do several every single day, the Watchdog on Wall Street Podcast.
We actually podcast this show in its entirety. Also, it's

(40:48):
not a long form program. I don't sit down like
Joe Rogan and interview somebody for three hours.

Speaker 6 (40:55):
That's not what the show is all about.

Speaker 5 (40:57):
Every day, I pick a few topics and we go
over various different things. Obviously as a late you know
what we've been talking about on the podcast. The dynamics
have changed as far as my outreach to the world,
if you will, Like I said twenty five years ago

(41:18):
we started the show. Before I had this show, I
was doing guest appearances. I still do guest appearances on
a regular basis television and radio.

Speaker 6 (41:28):
But you know, it's changed. The dynamic has changed.

Speaker 5 (41:31):
We still are on two hundred and fifty stations around
the country, but we're weekend programs. Some stations have us
on for an hour, some stations have us on for two.
Some stations take the whole three. If you're not getting
the whole three, well you can get it all on
the podcast. And we're going to continue to do the
podcast and the vlog. I do videos of everything. It's

(41:52):
just how things work nowadays.

Speaker 6 (41:54):
It's a lot more work, not a lot more work
as far as content is concerned. But it's all well
and good. It's all well and good.

Speaker 5 (42:01):
It's something I enjoy doing and I'm blessed to be
able to do so.

Speaker 6 (42:06):
Again.

Speaker 5 (42:06):
I want you to take advantage sign up for our
podcast at Watchdog on Wall Street dot com and take
advantage of all the great stuff that we have there.
So we got to talk about the ten thousand pound
gorilla in the room, and that's our economic situation. That's
terris I mentioned first hour the program. It's a first

(42:31):
hour of the program. My frustration, my anger with people
that have that are also blessed and have a microphone
or a camera in front of them, and rather than
educate themselves about these topics that they're talking about again,
they don't care. They listen to their producer or they

(42:53):
just spew whatever type of nonsense out there, and it
insults my intelligence. And I, like Michael Corleone and god
Father one, do not like my intelligence being insulted. It
makes me very angry. I'm listening to some of the
stuff this past week. Some of the rhetoric, absolute crap

(43:15):
that is being spewed out by so many people when
it comes is there. They're complete inability to no understanding
of how world trade works.

Speaker 6 (43:26):
And I actually thought about it, and there was a
I can play it for you.

Speaker 5 (43:31):
There was a bit from the Adam Sandler movie Billy Madison,
where he is he's in some sort of debate and
he gives some ridiculous, moronic answer and the debate, well,
it's going to play for you.

Speaker 6 (43:47):
The debate moderator said this, mister Madison.

Speaker 8 (43:52):
What you just said is one of the most insanely
idiotic things I have ever heard. At no point in
your rambling, incoherent response were you even close to anything
that could be considered a rational thought. Everyone in this
room is now dumber for having listened to it. I

(44:14):
award you no points, and may God have mercy on
your soul.

Speaker 6 (44:19):
I love that. And then I thought about another line.

Speaker 5 (44:23):
Because again it's it's frustrating, it's I'm spending so much
time refuting just absolute utter nonsense. I thought about the
it was actually from Vietnam, and I had to do interrupt.
It was at the same time as the tet offensive.
There was a journalist by the name of Peter Arnett

(44:44):
that interviewed and again a guy didn't have a name,
some nameless major, and the nameless major ended up becoming
a rallying quad cry for the anti war movement during Vietnam.
And he said, in order to save we had to
destroy the village in order to save it. Something like that.

Speaker 6 (45:06):
In order to save the village, we had it right now,
I think it's in order to uh yeah, in order
to save the we had to destroy the village in
order to save it. I think that's how it came out.
But same thing, and basically is that what we're at
right now.

Speaker 5 (45:21):
We have to destroy global trade in order to save it.
It doesn't it doesn't make any sense, people, It doesn't
make any sense. And again I'm going to address everything
today because there's a lot. Like I said, I've heard,

(45:42):
I've gotten a ton, I get tons of the butt emails,
tons of the butt But but but but this about manufacturing,
but bub about a working class hold on. Over the years,
we have been consistent when it comes to trade, when
it comes to tariffs, when it comes to the working
class and the things that need to be done. How

(46:06):
often have we talked about in the same way that
Mike Rowe talks about the need to reform education here
in this country to get more kids into the trades.
For over twenty years now, I've been ripping into the
whole college and university system. Everyone has to go, everyone

(46:31):
has to go. That is nonsense. You can teach kids
a trade, a business, you make them an artist, and
you can do this stuff in high school, starting in
the eighth grade, and it could change this country. That's

(46:54):
what we need to have done. I've gone off on unions,
going off on unions here on the program. Unions more concerned,
more concerned about living in the past and basically trying
to stave off tomorrow, the realities of tomorrow. We've often
talked about Joseph Schumpeter and creative destruction and how businesses

(47:18):
will go away and new ones will be created. There
was there was a whole kind of like side story
in one of the best, in my opinion, one of
the best television series of all time, The Wire, was
in the second season where they had the long shortman
down working the docks in Baltimore complaining about, you know
that not having the traffic and not having the hours

(47:41):
and not having the work. If you eul take a
look at some of the ports and places like Holland
and China and comparing to the United States, what they
can do compared to us. Sometimes John and again they're automated.
Sometimes jobs will go away and you have to understand
that the terrain is going to change.

Speaker 6 (48:04):
The terrain is going to change, and you have to
deal with that.

Speaker 2 (48:07):
And the unions never did that.

Speaker 6 (48:08):
You should be retraining your workers for other jobs, but they.

Speaker 5 (48:15):
Haven't building high quality items here in the United States.
I've talked about this, remember the old Maid in the
USA bringing back that brand made in the us A.

(48:36):
It means something. And don't say we can't do it
with certain items.

Speaker 6 (48:40):
We can.

Speaker 5 (48:42):
Louis Vaton. Louis Vaton makes handbags in Texas. That's right,
they make handbags and Texas. You can become an artisan.
You wont one of the reasons why people like to dates. Oh,
you know, housing prices have continued to go up. You
want to know one of the reasons why find a plumber?

(49:06):
Find an electrician?

Speaker 6 (49:10):
Okay, very very hard to find, and that you know,
obviously not having the workers. Okay, those labor costs are
going up. I am a free trader.

Speaker 5 (49:24):
I am okay, but I am not gonna talk past
the working class. The working class again. We need to
retrain them, we need to put them the right spot.
But we're not gonna be bred. Does anybody want to
bring back textile mills?

Speaker 6 (49:45):
Does any you think that that is going to happen?
It's not and it just listen people.

Speaker 5 (49:53):
We're gonna get into some of the aspects of trade shortly,
but a lot of what was the only reason why
we've lost manufacturing jobs here in the United States because
of trade deals? We've also done it to ourselves. We
talked about during the Obama years, how the companies that
moved to Ireland and other places because we had the

(50:15):
highest tax rate in the world.

Speaker 4 (50:18):
No.

Speaker 6 (50:18):
Another thing as well. I remember this.

Speaker 5 (50:20):
I remember visiting this ladder factory not far from my
hometown upstate New York, and water for lat in New
York had been there since the Revolutionary War.

Speaker 6 (50:27):
Got shut down. Well it gets shut that they closed up.

Speaker 5 (50:31):
Why they closed up, Well, they couldn't compete and they
made high quality ladders. They couldn't afford the insurance, the
insurance costs for their ladder. They couldn't compete with the
Chinese companies that made that many more and made them
lickety split.

Speaker 6 (50:48):
What were the insurance costs?

Speaker 5 (50:49):
Well, you know when somebody fell off their ladder putting
their Christmas lights on three sheets to the wind, calls
their lawyer up and blames the fall on the ladder. Yeah,
that's a cost here in the United States, that's.

Speaker 6 (51:02):
A major cost.

Speaker 5 (51:05):
How about to worry about getting sued by some tort
attorney somewhere that makes business more expensive here in the
United States. These are issues, people, These are issues right now,
right now, we're dealing with it. I actually took a look,
I said, Goldman put out a list of where various

(51:28):
different items come from that go into your home when
you have to build. And you know, the extraordinary thing
is there anything about about this is you know it's
not just China. Yeah, China is a lot. Some are
from Mexico, some are from Italy, some are from Germany,
a myriad of different places. Do you understand how much

(51:49):
more expensive a home is going to be with these
types of tariffs?

Speaker 6 (51:58):
How is that? How has that benefit?

Speaker 5 (52:02):
Every single day, every single day, I get emails and
messages of companies that have just shutting down. There's one
paper mill in Ohio that I got on on Wednesday.

Speaker 6 (52:17):
Again.

Speaker 5 (52:18):
They've been there for two hundred and eight years. Company's
been there since eighteen seventeen. Took a look at what
their input costs were going to be based upon these tariffs,
and they're like, forget it, forget it, why bother, why bother?

Speaker 6 (52:34):
You know, our margins, We just we can't make it work. Now.

Speaker 5 (52:43):
One of the things that Trump, quite frankly, he doesn't get.
He doesn't he doesn't understand, he doesn't understand the issue here.
And I talk about, you know, you know, destroying world
trade in order to save it. I've been saying here
on the program, Yes, I am for reciprocal tariffs. Okay,

(53:06):
we don't have reciprocal tariffs. We went over this last
week on the program. We went over it on the podcast.

Speaker 6 (53:13):
Okay, that formula that they put out was a it
was a joke, and I was a joke. It's embarrassing.
It's embarrassing. I said.

Speaker 5 (53:24):
I've got clients, friends, family from all over the world,
and these are people that like Trump, and they're like.

Speaker 6 (53:33):
What did he do? What is this? I don't get it.
Why would he put something that it's nonsense, because that's
what it was.

Speaker 5 (53:40):
It was absolute, utter nonsense, making us look stupid. You
don't use a sledgehammer and a chainsaw when it comes
to reciprocal tariffs.

Speaker 6 (53:57):
When you think of the year two thousand.

Speaker 5 (53:59):
And one, I think about September eleventh, two thousand and
one changed this country changed this country in my opinion,
didn't change it for the better. It did right away
in the way it brought people together for a short
period of time, but as far as the overreach of government,

(54:19):
it changed us for the worst in my opinion. Now,
what else happened in two thousand and one? December eleventh
of two thousand and one, China entered the World Trade Organization?
China entered the World Trade Organization, and things changed, things changed.

(54:40):
We're gonna take a quick break, quick break right here. Okay,
I'm gonna break this down for you. What happened.

Speaker 6 (54:47):
Okay, I'm gonna actually bring receipts, Okay, not stuff that's
made up, not anger, not emotion, not opinion, facts, facts,
What happened with trade since that point in time. Gotta
take a break. Watchdog on Wallstreet dot Com Watchdog on
Wallstreet dot Com is our site take advantage of everything

(55:09):
that we have, our personal CFO program podcast. You name
it Watchdog on Wallstreet dot com or give us a
call eight hundred four seven one fifty nine eighty four.

Speaker 1 (55:37):
This is the Watchdog on Wall Street.

Speaker 6 (55:46):
Welcome Back.

Speaker 5 (55:49):
Decided to play Alantown? Decide to play Allantown? Who can
tell me what year that song came out? It's on
the Nylon Curve album Billy Joel. It's actually my favorite
Billy Joel song.

Speaker 6 (56:03):
I'm not a huge.

Speaker 5 (56:05):
Billy Joel fan. I'm not again kind of East Coast thing.
Billy Joel is the Long Island guy. Bruce Springsteen's a
Jersey Got Anyway nineteen eighty two. Listen to lyrics. We're
living here in Allentown. They're closing all the factories down
out in Bethlehem. They're killing time, filling out forms, standing

(56:26):
in line, and the Lament's fathers fought the Second World War,
spent their weekends on the Jersey Shore. Get a different world,
a different time. That was nineteen eighty two. Nice too,
is China's a backwater? It's kinda still a backwater in
nineteen eighty two, businesses change, the economy changes. It's just

(56:53):
the reality. It's that creative destruction that takes place. Now,
some things, some things that we'd done were wrong and
was a mistake. We just talked about China, China entering
the WTO.

Speaker 6 (57:11):
Okay, wto.

Speaker 5 (57:13):
This was again two thousand and one, two thousand and one.
Between two thousand and one and two thousand and seven, Okay,
right before what, right before the financial crash, we lost
three point four million manufacturing jobs, twenty percent, twenty percent

(57:33):
of the seventeen point two million manufacturing jobs that we
had at the end of two thousand. William Galson had
a great peace on this this past week. Now, when
the Great Recession hit, another two point two million manufacturing
jobs disappeared. Now, fifteen years after that, we regained about

(57:56):
a fifth a fifth.

Speaker 6 (58:00):
That's that's the China shock.

Speaker 5 (58:04):
That's the China shock that Trump is talking about.

Speaker 6 (58:10):
Now.

Speaker 5 (58:11):
Again, people can say, well, you know, productivity a myriad
of other things. Listen, technology makes a difference. But actually
manufacturing productivity went up between two thousand and one and
twenty ten, but it also grew just as much between
nineteen ninety one and two thousand and that's when manufacturing

(58:31):
jobs were increasing, not going backward.

Speaker 6 (58:36):
A lot of people like to blame NAFTA. Oh yeah,
Ross Pero was right that second sound.

Speaker 5 (58:41):
Whoa whoa, whoa, whoa whoa whoa whoa wan to actually
look at the receipts NAFTA nineteen ninety four.

Speaker 6 (58:50):
From nineteen ninety four to the end of two thousand,
manufacturing jobs increased by three hundred thousand In the United
States From sixteen point nine to seventeen point two. Yes,
did some jobs shift away, some production shift away to
Canada and Mexico. It did, but the growth.

Speaker 5 (59:09):
That we had more than made up for the losses.
Only after China entered the WTO did manufacturing jobs fall dramatically.
And the same thing when it comes to earnings. Between
nineteen ninety four and two thousand, manufacturing wages increased more

(59:30):
quickly than inflation.

Speaker 6 (59:33):
So that again, this is part of my idea is
is why do you got to blow up world trade?
You're gonna blame our manufacturing ills on Canada, Mexico NAFTA.
It's not true. Okay, it's not true. People can say it,

(59:55):
but it's not accurate.

Speaker 5 (59:58):
It makes no sense to go after they're Mexico and Canada.

Speaker 6 (01:00:02):
We need them on our side. Got it? Take another
break again. We're bringing receipts.

Speaker 5 (01:00:10):
We got receipts here at the Watchdog on Wall Street show,
not the bs, not the lies that's being told to
you by the soface, the sophistry on TV, Watchdog on
Wallstreet dot Com, Watchdog on Wallstreet dot Com will be back.

Speaker 1 (01:00:26):
A man, the only man who is taking on the
Wall Street establishments. You're listening to the Watchdog and Wall
Street with Chris Martkowski.

Speaker 6 (01:00:49):
All right, we're gonna play a little game of who
said it? Who said it? Okay, I'm gonna give you
a quote right here.

Speaker 5 (01:00:56):
Okay, the US Mexican Ago Canada Agreement, the faires most
balanced and beneficial trade agreement we have ever signed into law.

Speaker 6 (01:01:10):
Who said it? Oh yeah, that'd be uh Donald Trump.

Speaker 5 (01:01:17):
Donald Trump said that when he renegotiated NAFTA in his
first term.

Speaker 6 (01:01:26):
Here are the facts.

Speaker 5 (01:01:27):
This is where they're right, past decade manufacturing output, stagnated
productivity as well. And again, yeah, you're not getting any
argument for me because this is this is some.

Speaker 6 (01:01:41):
Of the butts that I get. But but Chris, but
pa but covid and there's supply chains and but but
we can't build ships here in this country anymore, and
we can't do this. I get it, I get it.

Speaker 5 (01:01:55):
But again, you don't have to blow up global trade
in all are to.

Speaker 6 (01:02:00):
Do those things. I get it. People feel it's a
national security concern.

Speaker 5 (01:02:06):
Okay, Okay, I didn't vote for deciding to waste tons
and billions and billions and billions and billions of dollars
on nonsensical green crap that went.

Speaker 6 (01:02:19):
Nowhere. Are we highly dependent on other countries, including China
for drugs and other medical supplies? Yeah? We are.

Speaker 5 (01:02:32):
And guess what, there's where your deal making can be done. Okay,
that's so there, there's your art of the deal. Cut
cut some deals with some American companies and have them
set up plants here in the United States. Make it
worth their while. If it's a national security concern, can.

Speaker 6 (01:02:50):
We keep pace with China's rapidly growing navy without building
up our ship building capacity?

Speaker 1 (01:02:58):
No, so do it? Do it?

Speaker 6 (01:03:02):
What's stopping you?

Speaker 5 (01:03:04):
Well, there's some things, okay, fact that we don't have
the workers and we're gonna have to train them. Man,
You imagine imagine going into schools around the country and
start offering kids training programs and shipbuilding when they're in
eighth grade, when they know they're going to be able
to graduate and have a job paying close to six

(01:03:27):
figures right off the bat without having to go to college.
I think I think you might have a few takers there.
This is some of the things that need to be done.

Speaker 6 (01:03:41):
Has to be done, okay, but it's targeted. It's targeted.
You don't need a global trade war for this. And listen,
we all know, we all know they cheat.

Speaker 5 (01:03:57):
China cheats they Okay, they suppress their purchasing power. Okay,
they subsidize exports, they undercut prices.

Speaker 6 (01:04:07):
So go after them for that, Go after them, deal
with it.

Speaker 5 (01:04:16):
Nobody will have a problem with it around the globe.

Speaker 6 (01:04:22):
But why do you have to why do you have
to say to the Europeans EU was formed. EU was
formed to stick it to the United States.

Speaker 5 (01:04:31):
It's just not true. That's just patently false, patently false.
Why do you try? What's what does the need to
antagonize people? I don't get that. That's not art of deal.
That's stupid, Okay, it's dumb. And that's that's where this

(01:04:51):
stuff has taken us at this point in time. You know, again,
you're gonna take a look at other businesses and countries.
This is the thing that I talked about the first hour. Okay,
that's that bothers me a great deal. It's not fair,
it's not Big businesses are gonna be able to get

(01:05:12):
around this. They're gonna get car they're gonna get special
carve outs, they're gonna get special deals.

Speaker 6 (01:05:17):
That's how it always works. Main Street can't do it.
You know. One of the.

Speaker 5 (01:05:24):
Arguments that was actually made was a great argument by
Phil Graham. It's a great argument. It basically comparing Trump's
tariffs to bind anomics. You know, I I called it
Trump's festivus. Remember from Seinfeld, the airing of grievances, all

(01:05:45):
these grievances that he's got. Oh, we just haven't grown
in fifty years and have been hollowed out, and they're
ripping us off, and all of these very trade serppluses
are No, they're not.

Speaker 6 (01:05:56):
That's just not true. We don't want a world wide recession.
That doesn't help anyone. How is that gonna help the
middle class? In the lower class, who's gonna.

Speaker 5 (01:06:09):
Lose their jobs first, who's gonna get hit first. This
is why some of these deals and they have to
be cut sooner rather than later. I want to talk
a little bit about It was actually a piece by
Phil Graham and Donald Burdeaux and it's it's a very
good piece, breaking miss down. Gonna take a quick break

(01:06:31):
right here. Watchdog on Wallstreet dot com. Watchdog on Wallstreet
dot com is our site again, our personal CFO program,
our podcast, all sorts of great stuff there Watchdog on
Wallstreet dot com or give us a call eight hundred
four seven one fifty nine eighty four.

Speaker 1 (01:07:05):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.

Speaker 6 (01:07:14):
I'm already starting to see the.

Speaker 5 (01:07:17):
Line items new charges on bills. Any companies are already
starting to do it. They're calling it the tariff tax.
Trump tax isn't our fault tax fee that they're putting
on items. It's one of the things that unfortunately I
get a lot of butts. But you could do it here, Okay.

(01:07:41):
Actually read an article about artisan chocolate makers here in
the United States. There's only two places in the country
where they could grow the cocoa. It's in Hawaii and
Puerto Rico, and quite frankly, they can't produce enough, so
you have to import. The chocolate makers have to import

(01:08:02):
it from various different places around the globe. Prices went
up because there was an issue with bad weather and
some bad crops.

Speaker 6 (01:08:08):
Prices started going down.

Speaker 5 (01:08:10):
Now all of a sudden, with tariffs on all of
these various different countries. You know, these chocolate makers saying,
I can only charge so much for a chuckle bar.
I can only charge so much. My margins continue to
get squeezed and squeeze and squeeze and squeezeunt you get
to the point in time were why bother. It's it's
not worth my time anymore. And again this is one

(01:08:35):
of the things that certain businesses are doing. They're saying, hey, listen,
you know this is this is you know, Trump tax,
tariff tax. They're going to start putting it on bills.
But anyway, back to back to the Phil Graham post here,
a protectionist policy.

Speaker 6 (01:08:54):
Protectionist policy is.

Speaker 5 (01:08:56):
That a nation the idea that a nation can become
richer by producing at home products that a kid more
cheaply buy abroad. It doesn't make any sense. Again, you
could think about this in terms of a company, So

(01:09:17):
vertical companies versus horizontal companies. I'll give you two examples
of vertical companies. IBM back in the day was a
vertical company. They did it all. They did it all.
They made the chips, they made the plastic that put
the computers in, they wrapped the thing, they did it all. Okay,
they eventually lost their mainframe business eventually lost. AT and

(01:09:41):
T was another example.

Speaker 6 (01:09:42):
They made the phone, they put the wires in, they
did all of that. Nope, nope, it's the horizontal companies
that end up becoming successful.

Speaker 5 (01:09:55):
Okay, how is it. How are we going to benefit,
How are we going to benefit economically? For broad based
protectionist policy. There is absolutely there's no evidence in history
where that's worked. In fact, a country that did that
civilization was China.

Speaker 6 (01:10:17):
China did that. They had almost a you want to
call it.

Speaker 5 (01:10:21):
It was a tribute type of a system that they
had with their emperors back in the day, and there
was at a point in time where they basically just
cut off trade. They're one of the most advanced civilizations
on the planet and it wrecked them.

Speaker 6 (01:10:37):
It wrecked them.

Speaker 5 (01:10:38):
Take a look at the disastrous experience with tariffs that
existed during the twentieth century.

Speaker 6 (01:10:45):
It didn't work. You cut deals, you have reciprocal tariffs,
you don't put up barriers to trade from around the globe.

Speaker 5 (01:10:57):
Watchdog on Wallstreet dot com is our site. Watchdog on
wallstreet dot comgain take advantage of everything that we have
their personal CFO program, our podcast, newsletter Watchdog on Wallstreet
dot com or give us a call eight hundred four
to seven four.

Speaker 1 (01:11:20):
You're listening to the Watchdog on Wall Street bringing America

(01:11:40):
financial freedom, one listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 6 (01:11:52):
Now I'm not kidding guys. I mean I could.

Speaker 5 (01:11:54):
I could continue to bring receipts and facts and lay
everything out. You don't believe me, let me do your
own homework when it comes to this. You know, we've
talked about the workers, talked about the workers here are
forty three percent of US manufacturers. This is the most
recent National Federation of Independent Business as their questionnaire said

(01:12:17):
that they couldn't find employees to fill existing jobs. Think
about that for a second. Forty three percent of the
existing manufacturing businesses here in the United States can't find workers.

(01:12:38):
It's just the reality of the terrain. Only eight percent
of American workers are employed right now in manufacturing, and again,
manufacturing continues to become more and more mechanized. It actually
produces two and a half times the output value you

(01:13:00):
that it did in nineteen seventy five, and that's when
the labor force was twenty two percent was manufacturing.

Speaker 6 (01:13:09):
Now you're gonna.

Speaker 5 (01:13:10):
Put high tariffs, let's say, on clothes that Walmart might
put on their shelves. You gotta bring cotton mills back
back to the United States. You think you're gonna fill
those jobs. You think you're gonna fill those jobs. I

(01:13:31):
don't see it happening. What what's gonna happen is is
those companies are going to find a way to use
AI and robots and a myriad of other things to
get that work done.

Speaker 6 (01:13:42):
They're gonna have no choice. They're gonna have no choice.
You don't want to have jobs here in the country
that have to require subsidies and protection in order to exist.
Why this is again, this is what we teach here

(01:14:04):
on the program all the time. What it does is
it misallocates resources. It's a misallocation resource. I don't care
if it's a damn chips act.

Speaker 5 (01:14:16):
I don't care if it's green jobs or windmills or
solar panels. It's the same thing. It makes the country poorer.
It also is going to raise prices. You know what
it's also gonna do. It's gonna get rid of competition.
I'm gonna get rid of competition. I will explain to
you how, Okay, for whatever reason it may be the

(01:14:40):
the idiots in Washington, d C. For Ah, Yeah, we're
gonna we're gonna we're gonna back windmills or we're gonna
back solar panels. And then along comes some real smart
person that comes up with a better idea and wants
to go and get money for that idea and is
denied because the banks, the banks and Wall Street will say,

(01:15:02):
you know, you got a great idea, you got a
great business plan, but you can't compete against Uncle Sam.
And if Uncle Sam has decided out, we're going all
in the solar panels and windmills. Okay, what are you
gonna do? So it crushes competition, which does what It

(01:15:22):
slows innovation, It slows growth. It makes our country less efficient.
How is closing our market? How is that good? For
attracting investment here in the United States. And I mentioned
last week on the program, Hey Elon Musk told it, said, listen, okay,

(01:15:47):
have real reciprocal trade agreements where we want to lower
trade barriers, where everyone can prosper. That's the ultimate goal.
Competition breeds excellence.

Speaker 6 (01:16:07):
Man.

Speaker 5 (01:16:08):
We have a We got a lot of really really
smart people here in the United States.

Speaker 6 (01:16:13):
Again, what is theme here? Build, Create, Protect, and teach.

Speaker 5 (01:16:19):
I make fun of all the time, make fun of
the European Union and their inability to get anything done.
We were on such a great path, it seems like
an eternity ago.

Speaker 6 (01:16:32):
And we're wear into the third week of April.

Speaker 5 (01:16:35):
This has been like the longest month ever you go,
prior to this and prior to some of the tariff stuff,
you know, I jumping up and down here about the
things that this administration was doing for business, The feedback.

Speaker 6 (01:16:49):
I was getting from corporate America, whether it.

Speaker 5 (01:16:52):
Be big business or small business, the animal spirits, how
excited they were about the future, hiring spanding.

Speaker 6 (01:17:00):
You want to know what that's stopped? It just stopped.
I wrote a column entitled Wasted Talent.

Speaker 5 (01:17:14):
This was this actually during the Obama years, and I
used the line from the movie A Bronx Tail where
I said that the saddest thing in the world is
wasted talent. Another one I wrote talked about red tape
Nation and how all of these things, all of these obstacles,

(01:17:37):
all this stuff that the government is doing, is holding
our true potential back.

Speaker 6 (01:17:46):
Again.

Speaker 5 (01:17:47):
You know, we we've got everything going for us at
this point in time. I want I want the President
of the United States to wake up, to wake up,
and you know, get not not not just not just
his buddies on Fox News and some of the you know,

(01:18:09):
the stations out there, but people that are actually in
the trenches, the people that are actually grinding every single day.

Speaker 6 (01:18:18):
Because let me tell you something, mister President.

Speaker 5 (01:18:21):
We were fired up, we were fired up, we were excited, okay,
and you know, it's like the music stopped. It's like
the music stopped, and everyone right now is looking at
one another, like I said in the first hour, sitting
in that waiting place, unsure of what to do, unsure.

Speaker 6 (01:18:44):
Of what is going to happen.

Speaker 5 (01:18:46):
That's the type of uncertainty that's going to waste our
nation's collective talent. Got to take a break Watchdog on
Wall Street dot com. Watchdog on wall street dot com
is our site. Become a part of the Watchdog and
Wall Street family, our personal CFO.

Speaker 6 (01:19:03):
Program podcast all sorts of great stuff. Watchdog on Wallstreet
dot Com will be back.

Speaker 1 (01:19:12):
Chris Markowski is the Watchdog on Wall Street. Well known authored,
investment banker, consumer advocate, analyst, trainer, Chris Markowski is the

(01:19:34):
Watchdog on 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 3 (01:19:48):
You can't handle the true proof.

Speaker 1 (01:19:50):
financial world.

Speaker 4 (01:19:55):
Ladies and gentlemen. We're on here to indulge in fantasy,

Speaker 2 (01:20:00):
Is the watch dog?

Speaker 6 (01:20:01):
Well, all right, I guess, uh. I mean you're watching
around the country.

Speaker 5 (01:20:10):
Bernie Sanders and aok are on this Uh they're.

Speaker 6 (01:20:14):
On this tour.

Speaker 5 (01:20:15):
They got I don't know, they got to come out
with like concert t shirts for crying out loud.

Speaker 6 (01:20:19):
I guess they're packing them in. I guess they're packing
them in.

Speaker 5 (01:20:23):
And I don't know, I guess maybe a lot of
Republicans are going to their rallies because wow, a lot
of Republicans are starting to see I do I with
Bernie Sanders and aok again, the White House quietly floats

(01:20:43):
millionaire tax hike proposal as certain GOP members signal opposition. Yeah,
they're floating a proposal right now within the House that
would raise the tax rate for people at the highest bracket.
There's some saying the high bracket as it exists right now,
some saying a million, some saying two million.

Speaker 6 (01:21:04):
To forty percent to forty percent.

Speaker 5 (01:21:10):
Meaning for many small business owners out there, their effective
tax rate due to the fact that they have to
pay the entire amount for Social Security and Medicare, would
make their effective tax rate close to well, let's say
sixty And that doesn't even include if they're in a
high tax state. That seems fair, right, you know, put

(01:21:33):
money at risk, bust your butt, hire people, create jobs,
try to build wealth, and have have Uncle Sam come
in and take sixty percent plus.

Speaker 6 (01:21:48):
From that.

Speaker 5 (01:21:51):
Honestly, this makes me want to throw up in my mouth.
Quite frankly, makes me sick to my stomach. I guess
they're you know, rather than then doing the hard work
of actually finding the necessary spending cuts and cutting out
the bloat that needs to be cut out and doing
the things that are necessary. They you know, they want

(01:22:14):
to put forth their no taxes on tips, no taxes
on overtime, no taxes on Social Security.

Speaker 6 (01:22:22):
And they have to find a way to pay for that.

Speaker 5 (01:22:26):
And the numbers, quite frankly, the numbers have gotten even
worse because guess what, interest rates are much higher. We
have to refinance as a nation, what is about nine
to ten trillion bucks over the next year, nine trillion

(01:22:48):
bucks over the.

Speaker 6 (01:22:49):
Next ten years.

Speaker 5 (01:22:49):
Because this is this is how we do business here
in the United States. We use one credit card to
pay off another credit card. Now, when COVID happened, COVID happened,
interest rates dropped. Remember how cheap everything, Well, my our
cheap interest rates at that time, remember mortgage rates at
that point in time.

Speaker 6 (01:23:10):
And man o, man, oh man, they partied.

Speaker 5 (01:23:13):
In Washington, DC, and we're giving away cash. So we
got this program and we got that program. We're gonna
fly a helicopter over the country. We're gonna dump cash.
Why not, it's money's cheap. Well, that bill has come due,
that that bill has come due, and they need to

(01:23:37):
pay that bill off with another credit card, except the
credit card that they have to pay it off with
right now has a higher interest rate. And that's again,
that's gonna throw their entire big, beautiful bill negotiations into
one big mess.

Speaker 6 (01:23:59):
Again.

Speaker 5 (01:23:59):
It's quite frankly, no way to run a country. And
am I gonna blame Democrats?

Speaker 6 (01:24:05):
Sure?

Speaker 5 (01:24:06):
Am I gonna blame Republicans? Sure, they're both, They're both
responsible for this. I've been jumping up and down about profligates,
spending and waste, and for forever, nothing's ever done. They'll
talk about it, they'll hold hearings about it, they'll create
content for their YouTube pages about it, but there's only

(01:24:29):
a very very few, very few in Washington, DC that
actually want to do anything about it.

Speaker 6 (01:24:38):
You might want to think about this.

Speaker 5 (01:24:39):
I actually got the breakdown of the tax code. Just
how how progressive it is. The top one percent in
this country right now. Wow, they pay for forty percent

(01:25:00):
of all the income taxes collected are paid by the
top one percent. So if you had one hundred people,
if you had one hundred people in a room, okay,
one of those people would be paying forty percent of
the entire bill five to one percent. That's another twenty
one percent of the entire bill. So we're up to

(01:25:23):
sixty one.

Speaker 6 (01:25:24):
From ten percent down to the five percent, another eleven
percent from twenty five percent to that ten percent, another
fifteen from fifty percent to that twenty five percent. That's
another ten The bottom fifty percent in this country pay
three percent of total income taxes. And this bill quite frankly,

(01:25:50):
it's it's it's it's going through the roof.

Speaker 5 (01:25:54):
Okay, it's our tax code has become more and more progressed,
more and more progressive. That was one of the lies,
you know I talked about, you know Donald Trump's twenty
seventeen tax bill.

Speaker 6 (01:26:07):
It made the tax code more progressive.

Speaker 5 (01:26:11):
And now you have Republicans because it's worked out great
for them the past. Right, it worked out great for
George H. W. Bush and his uh, his bid to
win reelection. I mean, he won a war, remember remember
the Gulf War.

Speaker 6 (01:26:26):
Remember Shock and Awe and Norman Storm and Norman Schwartz
Coffin going into Iraq and Damn had w after Sir Damn.
He won a war and lost an election. Read my lips,
No new taxes.

Speaker 5 (01:26:40):
Well now this Republican party, they're thinking about raising taxes.

Speaker 6 (01:26:45):
And we got another one as well.

Speaker 5 (01:26:47):
Here's another This is right out of the aoch Bernie
Sanders playbook. You got Republican Senator from Indiana, Jim Banks,
introducing a bill. It's called the Family First Act. I
love the aims they come up with these things, and
again they want more handouts. Increasing the child tax credit

(01:27:07):
to forty two hundred dollars for families with a child
between the ages of zero to five. You get three
thousand for families with the child between six to seveneen,
and you can claim this credit for up to six children.

(01:27:28):
Up to six children. I'm also going to have a
twenty eight hundred dollars tax credit for pregnant mothers.

Speaker 6 (01:27:42):
Listen.

Speaker 5 (01:27:46):
I don't understand why you people want to make the
tax code more and more complicated, Why you have to
have more carve outs and giveaways. I don't understand. I
don't understand why you're forcing certain people here in this
country to subsidize, subsidize other people's kids.

Speaker 6 (01:28:11):
I don't I can't get my arms around that. You
know what, if there's a couple that you know wants
to have kids that can't have kids or whatever it
may be, and you know they have to subsidize their
neighbors kids. I don't why why don't.

Speaker 5 (01:28:29):
We concern ourselves with the actual problem and bringing down
the cost of living here in the United States, and
bringing down regulations and bringing down taxes. That seems to me,
you know, a much better way to go than putting
you know, band aids band aids on problems that actually

(01:28:51):
need stitches and real solutions to the problem. This is
this is no oh give, this is the same thing.
This is Republicans doing the same thing. This is right
out of Elizabeth Warren aok and Bertie Sanders. So we
don't even have conservatives anymore. I got to talk about

(01:29:16):
this dust up this past week, so watching you know,
markets on Wednesday. Markets on Wednesday took a dive because
again there was a bit of a again another ropodope,
you know, tariffs on tariff's off. You know, we were
told that there was going to be exemptions for chips

(01:29:37):
and phones and certain electronic devices. And then Nvidia comes
out and says, well, we can't sell this chip anymore
to China. It's going to cost US five billion dollars. Okay,
tech stocks get whacked on that day again, more uncertainty.
And then Jay Powell is speaking at the Economic Club
of Chicago. It's being interviewed and are asking about his

(01:30:01):
position on tariffs and monetary policy. And I'm listening to
him speak and he's making complete sense to me. He's like, I,
you know, we didn't think that tariffs were going to
be this high. We're concerned about the effects of these tests.
We don't know what's going to happen next, and how

(01:30:23):
inflationary it's going to be. It could be problematic. And
then all of a sudden, you know, markets start selling off. Oh,
the Fed is being hawkish, and it took a dive.
Takes a dive on Wednesday, and again you had all
of the people coming out of the woodwork and getting
mad at Jay Powell. I know, again, no one has

(01:30:49):
been more critical to fitter reserve than I have. And
the positions that they've taken and making fun of inflation
is transitory, a myriad of different things.

Speaker 6 (01:31:00):
But what he said at that point in time it
made sense.

Speaker 5 (01:31:05):
I don't know if he's right or if he's wrong,
but his logic, his reasoning is sane, where it wasn't
in my opinion. When they were saying inflation is transitory,
it was obvious that prices.

Speaker 6 (01:31:18):
Were going up. And then you know, then you know again,
you get all the people on Fox News getting fired up,
and then they want to blame j.

Speaker 5 (01:31:28):
Powell and calling it political. And I said, you obviously
didn't listen to the speech. Trump puts out a tweet
Thursday morning. The ECB is expected to cut interest rates
for the seventh.

Speaker 6 (01:31:39):
Time, and yet too late.

Speaker 5 (01:31:41):
Jerome Powell of the Fed, who was always too late
and wrong, issued a report which was another and typical
complete mess. Oil prices are down, groceries even eggs are down,
and the USA is getting rich on tariffs. Too late,
should have lowered interest rates like the ECB long ago,
but he should certainly lower them now.

Speaker 6 (01:31:59):
Powell termination cannot come fast enough.

Speaker 5 (01:32:02):
And then what do we get, conversation, is Donald Trump
going to try to remove the head of the Fed?

Speaker 6 (01:32:10):
And again more.

Speaker 5 (01:32:12):
Chaos, more chaos, exactly exactly what we we don't need
at this point in time, exactly what we don't need
at this point in time.

Speaker 6 (01:32:29):
I don't get it. I'm at a loss for words.
I'm at a loss for words. You gotta you got
a problem with colleague, you know you can contact him.
You guys can can have a discussion. Why do this?

Speaker 5 (01:32:47):
Why why why royal the markets and basically cause more
uncertainty and more of a mess. Well, it's because you
know it's gonna make you popular and get get the
people on the five all fired up. Sorry, I didn't
vote for this chaos. I did not vote for this chaos.

(01:33:12):
This is again order just complete utter stupidity. Gotta take
a break. Watchdog on Wallstreet dot com. Watchdog on Wallstreet
dot com is our site again, take advantage of everything
that we have again, our podcast every single day of course,
our personal CFO program, Watchdog on Wallstreet dot com. Or

(01:33:34):
give us a call eight hundred four to seven four.

Speaker 1 (01:33:55):
Taking Wall Streets liars, crooks and cheets out behind the woods. Yeah,
you're listening to the Watchdog on Wall Street.

Speaker 6 (01:34:03):
Welcome back, everybody. It's a bit of a follow up.

Speaker 5 (01:34:08):
We've over the years, we've we've gone after colleges and universities,
taken them out behind the woodshed. I started the whole
you know, hedge fund university bit. Now everybody's picking up
on the things in the media, picking up on some
of the things that we talked about here on the
program were comparing colleges and universities UH to Hedge funds.

(01:34:33):
You got this situation out there where you know, Donald
Trump going after Harvard for some of the issues that
they had when it comes to well, you upset about
the their hiring practices, the anti semitism on campus and whatnot,
and he is going to pull their funding, pull their funding,

(01:34:57):
taking money away our money, taxpayer money that's going to Harvard. Now,
i'd like to first and foremost remind everybody that Harvard
has a fifty five billion dollar endowment. Fifty five billion dollars. Now,

(01:35:19):
the president of Harvard, his name is Alan Garber, came
out and said he said, no government, regardless of which
party is in power, should dictate what private universities can teach,
whom they can admit and hire, and which areas of
study and inquiry they can pursue. Now that statement stand alone,

(01:35:43):
I agree with. Oh, that's right, I agree with. I'm
consistent here, people, Okay, I'm consistent when you're watching all
of the anti Semitic crap and the inmates running the
asylum at whether it be Oberlin or Columbia or Harvard

(01:36:06):
or whatever it may be. I'm gonna be honest with you,
and we've we were very clear here on the program.
I don't care.

Speaker 6 (01:36:17):
How could you say that. I can be again said listen.

Speaker 5 (01:36:20):
I'm against anti Semitism, but no one, no one is
forcing you to send your kid to that school.

Speaker 6 (01:36:28):
No one held a gun to your head.

Speaker 5 (01:36:30):
And said, hey, hey, you know what.

Speaker 6 (01:36:32):
You've got to go to this school.

Speaker 5 (01:36:36):
I I that's one thing I just don't understand. Why
would you want to go to with school that doesn't
like your kind? I wouldn't, I'd leave.

Speaker 6 (01:36:54):
Yeah. You see, the best way, the best way of
changing anything, okay, is not patronizing that business, because that's
what it is. It's a business. The problem. And this
is where they're right.

Speaker 5 (01:37:09):
Trump is right. None of these institutions should be getting
any tax dollars.

Speaker 6 (01:37:17):
Unless the government. Unless the government, you know.

Speaker 5 (01:37:19):
I remember at that where I went to Syracuse University
where the massive science and technology building, and I mean
we used to see Department of Defense trucks there. You know,
vans all the time with the license plates.

Speaker 6 (01:37:34):
If you are, if you're the government is contracting some
sort of research at that school or whatever it may
be Okay, Okay, you're you're hiring them to do something. Okay,
that makes sense.

Speaker 5 (01:37:52):
But for the life of me, how do how do
these institutions, how do these colleges and universities get my dollars?
Why didn't my money go to Harvard? I already got
three I thank god I got one kid graduating. I'm
gonna be down to two tuition payments. I'm already making
three tuition I'm making three tuition payments this year, and

(01:38:13):
you're asking me to help pay for the tuition payments
at Harvard and Colombia and all the other places that
you take my tax dollars and send that money to.
We're thirty six trillion dollars in debt, they got a
fifty five billion.

Speaker 6 (01:38:24):
Dollar endowment, and you're you're, you're, you're asking to send money.
I I don't get that. I don't. But again, this
is something also I disagree with with what they're doing.
The Trump administration asking the IRS.

Speaker 5 (01:38:46):
To start the process to revoke Harvard's tax exempt status,
and this request came after the university rejected the administration's demands.
I don't, okay, if you're gonna if you're gonna revoke
Harvard's tax exempt status. Why don't you revoke everyone's. I mean,

(01:39:08):
call it what it is.

Speaker 6 (01:39:09):
They're businesses. For crying out loud, you got kids.

Speaker 5 (01:39:14):
Making five million dollars a year playing basketball and football
on some of these teams, and you're telling me this
is a nonprofit. So of the highest paid state employees
right now in many states across the country are.

Speaker 6 (01:39:33):
Either basketball football coaches, or quarterbacks or point guards on
basketball teams or football teams.

Speaker 5 (01:39:42):
Don't tell me that they're nonprofits. They're gonna make Harvards
take their tax except away, take everyone's tax except away. Anyway,
you gotta take a break. Watchdog on Wallstreet dot com.
Watchdog on Wallstreet dot com.

Speaker 6 (01:39:58):
We'll be back.

Speaker 1 (01:40:03):
You're listening to the watch Dog on Wall Street. Cali, Cali,
this is the watch Dog on Wall Street.

Speaker 6 (01:40:27):
I don't think so, Cali, Sylid, welcome back. I am.
I saw this.

Speaker 5 (01:40:38):
As well, And again I don't get this. I don't
understand this. You know the old you know, people who
live in glasshouses shouldn't throw stones, And maybe sometimes we
just need to keep our mouth shut when it comes

(01:40:58):
to certain things. Now, supposedly were working out some sort
of trade deal with the UK.

Speaker 6 (01:41:08):
JD Vance came out.

Speaker 5 (01:41:11):
I guess he told Keir Starmer, who's a he's a
far leftist. Okay, so far leftists. Again, I don't live
in the UK. I didn't vote for this guy, okay.
But I guess we're telling telling him that he's got
to repeal some of the hate speech laws in order

(01:41:32):
to get some sort of trade deal. And he said
that there's a good chance of an agreement. But sources
to say his concerns over Starmer's attack on free speech
is still a red line. What business is it of ours?
What they do in their country? Who in the world?

(01:41:57):
I mean, honestly, wasn't that long ago when I was getting,
you know, banned from various different sites because I was
completely accurate when it came to COVID.

Speaker 6 (01:42:10):
Oh we haven't. We haven't done censorship here in this country.
We haven't canceled people in this country.

Speaker 5 (01:42:20):
Why are you tying their social issues and speech issues
in the UK.

Speaker 6 (01:42:27):
To a trade deal. I don't get that.

Speaker 5 (01:42:34):
The best way to influence and change other places.

Speaker 6 (01:42:40):
Is by is by example. Now let me ask the question.

Speaker 5 (01:42:45):
You put this in perspective, do you think if we
were cutting a deal we have. We do a lot
of business in Saudi Arabia.

Speaker 6 (01:42:52):
We say, you know, we're not gonna do business with
you guys in Saudi Arabia anymore unless you allow your
women to walk around in yoga pants and half shirts.
We would never do that.

Speaker 5 (01:43:04):
This makes us hypocrites. Okay, it makes us hypocrites. We
don't need to get involved in this stuff. I listen,
I won't step foot in.

Speaker 6 (01:43:18):
The UK and you want to have you want to
have a conversation when it did in the right point
and time, when you're giving a speech there and you're
talking about some of the things that are going on.

Speaker 5 (01:43:28):
Sure, fine, but you don't tie it to a trade deal.
It has nothing to do with trade.

Speaker 6 (01:43:36):
I don't like it.

Speaker 5 (01:43:37):
I won't go there. You don't think I see what
goes on. I'm in the free speech business. I can't
stand what goes on. Makes me sick to my stomach.

Speaker 6 (01:43:43):
We've gone off on it, but again, they voted for it.
It was their choice. Anyway.

Speaker 5 (01:43:55):
Oh okay, here's another issue that's it's a big issue,
and it's something that I unfortunately I'm starting to see
Republicans cavon and that's reforming medicaid. We talked about the outline,

(01:44:15):
the budget outline that was put forward, and in essence,
it's kind of blank. It's kind of filling a blank,
filling a blank. Here, here's the outline I got. It
reminded me of learning how I remember. I don't know
if you remember when younger people, I don't know if
you did this. We had to do this back in
eighth grade, eighth and ninth grade, they would teach you

(01:44:37):
how to write papers for college, and you first that
you had to turn in your outline. And I remember
our teacher made us gather notes and facts and put
them on note cards and do all of this annoying stuff.
But anyway, anyway, they put out a budget outline, you
got to fill in what's in there. So we're supposed
to be reforming government, right, That's what dose just do

(01:45:00):
doing and finding cuts. But from the looks of things,
the Republicans don't want to take on anything difficult medicaid.
Medicaid is growing like gang. Medicaid spends more than eight
hundred and fifty billion dollars a year, eight hundred and

(01:45:24):
fifty billion dollars plus a year for what is essentially well,
you want to call it subpar healthcare. Now you've got
you've got people on the left, and you also have
people within the GOP raising holy hell about this, and

(01:45:45):
you're cutting Medicaid for poor people, and this is a disaster.
More than six in ten, you want facts, more than
six in ten able bodied adults on Medicaid report no
earned income.

Speaker 6 (01:46:09):
Zero.

Speaker 5 (01:46:11):
Again, it's being oh no, this is safety net for
low income, pregnant women and disabled Americans.

Speaker 6 (01:46:17):
No, no, no, no, no no no.

Speaker 5 (01:46:18):
Obamacare expanded this program into a permanent entitlement. Remember we
talked about all of those men not wanting in the
prime working age of their life, unwilling to get back
into the labor force.

Speaker 6 (01:46:31):
They don't have to because they can live off the government.

Speaker 5 (01:46:33):
It's become a permanent entitlement for childless men in their
prime working age. How is this good? How is this healthy?
Got to take a break. Watchdog on wallstreet dot com.
We're gonna talk a little bit more about this when
we get back.

Speaker 6 (01:46:51):
Don't go anywhere. Watchdog on wallstreet dot com is our.

Speaker 5 (01:46:55):
Site take advantage personal CFO program, pot ask you name it.

Speaker 6 (01:47:00):
Watchdog on Wall street dot com. We shall return.

Speaker 3 (01:47:04):
That splits up.

Speaker 1 (01:47:21):
The only man who is taking on the Walls Street establishment.
You're listening to The Watchdog and Wall Street with Chris Markowski.

Speaker 5 (01:47:33):
I've I'm always again it's it's it's part of my
nature and who I am. And I think again, I
think that's what in my belief system. It's what I
believe we're all supposed to be. We're supposed to be
people that have compassion. We're supposed to forgive everyone, as

(01:47:57):
difficult as that may be. And part of having that
that compassion is you want to lift people up that
are down and out. And I have never ever had
problems with social safety nets, but that's that's not what

(01:48:19):
they are anymore. I think they've become something a bit
insiduous if you ask me. We've got all of these
programs out there, and you know, the goal should be
the ultimate goal, the ultimate the ultimate judgment and whether
or not a safety net program is working is the

(01:48:44):
people that you get.

Speaker 6 (01:48:45):
Off that program.

Speaker 5 (01:48:48):
That that to me is something that is important. It's
how people should be judged. I mentioned this. It was
again it was a learning experience for me. It was
some twenty some odd years ago. Client Big Democrat, Uh, donor. Basically,
we're out to dinner, you know, a couple of glasses

(01:49:11):
of wine, and he basically he said, you know, listen, Chris,
He's just like, you know, these are people that you know,
we need to take care of and we need to
keep them on you know, the dole. They're never going
to be successful, they're never going to be smart, they're
never going to be anything. But we need to take
care of him. It's almost like treating human beings as
you know, rescue pets.

Speaker 6 (01:49:32):
And I don't I don't believe that. I believe getting
people hooked on government assistance is a is a horrible thing.
It's a horrible thing.

Speaker 5 (01:49:45):
What are you doing to that that that person, their soul,
who they are, is a human being. God designed each
and every one of us with with to do something.
We have a purpose in life. But by getting them
a dick to.

Speaker 6 (01:50:00):
The narcotic of giveaways, you're not truly helping that person
become who they should be. That's the easy way.

Speaker 5 (01:50:13):
The easiest thing you do is we're just gonna give
him cash, giveaway cash.

Speaker 6 (01:50:18):
Wy're not living in my neighborhood.

Speaker 5 (01:50:20):
Wne, not coming to my gated community. What do I
care about that, and I've written about this extensively over
the years, where I basically compare many of our nation's
entitlement programs quite frankly to drugs. You have the same
social pathologies associated with narcotic abuse that you do with

(01:50:46):
handouts and giveaways. There has to be a better way people.
We have to encourage people to stand on their own.
Gotta take a break. Watchdog on Wall Street dot com.
Watchdog on Wallstreet dot Com with show.

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

Speaker 2 (01:51:22):
You should believe in math, not magic.

Speaker 1 (01:51:25):
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 6 (01:51:30):
Welcome back everyone, and uh.

Speaker 5 (01:51:34):
Happy Easter, uh to everyone out there. And I was
thinking how to turn or break holidays?

Speaker 6 (01:51:42):
Holidays?

Speaker 5 (01:51:42):
Yeah, great ones like Easter, but again you miss loved ones,
right My dad was. He was great at Easter, you know,
do the Easter egg hunt stuff. He was great with
his grandkids and that stuff. And yeah, miss that anyway.

(01:52:03):
The media sometimes, you know, even I.

Speaker 6 (01:52:07):
As art and a follower as I am and have
to consume all of this poison on a regular basis,
I get thrown off from time to time.

Speaker 5 (01:52:18):
I actually saw the story and I said, this can't
be real. This can't be real. They didn't actually print this,
but they did. So here's this story. And again, these
are some of the things that get me sidetracked from
time to time because I love history and archaeological finds.
So this is this is in the Guatemalan jungle. Ancient

(01:52:44):
altar found in Guatemala jungle and like I said, apparently
used for sacrifices, especially of children. Archaeologists say, apparently used
for sacrifices.

Speaker 6 (01:53:01):
Then they put that in the title.

Speaker 5 (01:53:04):
But the entire column they're they're speaking to archaeologists and oh,
how this is this amazing find and it took us
all of the years and it showed the connection between
these various different tribes in Central America and some of
the tribes in Mexico. And they're talking about the discovery

(01:53:26):
and how it was used for sacrifice.

Speaker 6 (01:53:28):
So the whole column they're.

Speaker 5 (01:53:29):
Basically saying, yeah, yeah, this is an altar where these
people sacrifice children. The t hole, what can altar where
they killed.

Speaker 6 (01:53:44):
Children?

Speaker 5 (01:53:45):
Actually finding sacrifice children on three sides of the altar.
But then we get down to the later part. They
speak to another archaeologist who said that the discovery confirms
the interconnection between two cultures and their relationship with the

(01:54:08):
gods and the celestial bodies. Was like, we see how
the issue of sacrifice exists in both cultures.

Speaker 6 (01:54:19):
It was a practice. It's not that they were violent,
it was their way of connecting with the celestial bodies.

Speaker 5 (01:54:28):
What well, they weren't violent. They chopped up kids. So
if somebody today decided to start chopping up kids and
sacrificing them, getting on an abortion rant right now. But anyway,

(01:54:48):
if somebody decided to do that, could they get off
saying it was their way of connecting with their gods
and the celestial bodies. You know, this is the thing
that the les does all the time when they like
to talk about various different cultures, whether you want to
believe it or not. Okay, especially kids out there taught

(01:55:10):
all this relativism nonsense.

Speaker 6 (01:55:12):
Okay, certain cultures are better than others. Oh I know.

Speaker 5 (01:55:18):
No, all these people from Europe came over here and
look at what they did.

Speaker 6 (01:55:23):
There's that Neil Young song Cortes, the killer Cortes wasn't
the killer Cortes was the liberator for crying out loud?
Did you ever.

Speaker 5 (01:55:31):
See that movie Apocalypto that Mel Gibson made.

Speaker 6 (01:55:35):
I love how he ended it.

Speaker 5 (01:55:37):
Yeah, you had the Spaniards coming ashore, carrying across saving
them from the hell that was their existence. Do you
have any idea the type of human sacrifice that took place?

Speaker 6 (01:55:50):
It wasn't just here read the Old Testament.

Speaker 5 (01:55:53):
There's a reason why you can't make a movie over
that stuff be worse than any slasher movie.

Speaker 6 (01:55:59):
Oh no, they're they're they're not violent.

Speaker 5 (01:56:02):
And then you get this tailor Lorenz that doing an
interview on CNN she used to work at the Washington Post,
fawning over a killer, a pre meditated killer, Luigi Mangioni saying, oh,

(01:56:27):
you know, here's a man who's the revolutionary, who's famous,
is handsome, as young, smart, He's a person who who
seems like this, he's morally good man, which is hard
to find.

Speaker 6 (01:56:40):
I actually said this on an interview in CNN, and
they were like laughing together.

Speaker 5 (01:56:48):
Yeah. Again, you know, it's it's it's our world people.
Here's here's one for you. And again here's.

Speaker 6 (01:56:57):
Another one that I said, No way, they're actually gonna
push this, listen, you left us push this idea, push
this idea because.

Speaker 5 (01:57:04):
You're never gonna win. You're never gonna win. They've we
all know, you know, the left, this the environmental wackos.
Now again, Okay, I'm an environmentalist, I'm a conservative, mean conserve.
I'm not an environmental wacko. Right came, they wanted to come.
Don't have kids because it's bad for the environment. Now,
don't own a car, it's bad for the environment. Yeah, no, no,

(01:57:25):
you better not fly anywhere. It's bad for the environment.
Cancel your vacation, bad for the environment. Now they're telling
you your dog is bad.

Speaker 6 (01:57:37):
That's right, according to the environmental wackos. Right now, dogs
have extensive and multifarious environmental impacts, disturbing wildlife, polluting waterways,
and contributing to carbon emissions. Yep, they're coming for your dog,

(01:57:58):
coming for your dog. Another one I had to touch
on briefly before we gotta go. You know Bernie Sanders
speaking at the Coachella festival there in front of all
these kids paying seven hundred dollars a ticket, preaching Marxism.
Do you know what was funny? Sixty percent, sixty percent
of those kids that went to Coachella purchase tickets on

(01:58:21):
a buy now later plan. Hey Bernie's gonna do. We're
gonna bail out student loans. We're gonna bail out Coachella tickets.

Speaker 5 (01:58:28):
Maybe that might be next anyway, God bless everyone. Happy
Easter to all. God bless you all.

Speaker 6 (01:58:36):
Watchdog on Wall Street dot com our site. We'll see
you next week.

Speaker 2 (01:58:44):
You're listening to the Watchdog on Wall Street

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Watchdog on Wall Street: Podcast for Weekend of April 19 - April 20 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 April 19 - April 20 2025