Watchdog on Wall Street: Podcast for Weekend of May 17 - May 18 2025 - Watchdog on Wall Street with Chris Markowski

Episode Transcript
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Speaker 1 (00:07):
Well, no one altered. Investment banker, consumer advocate, analyst, trainer.
Chris Markowski is the 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 2 (00:28):
You can't handle the true.

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

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

Speaker 1 (00:40):
This is the Watchdog on Wall Street.

Speaker 4 (00:45):
All right, welcome everybody, Welcome to the Watchdog on Wall
Street Show. Ah, another crazy week, busy week for us
at Markowski Investments in the Watchdog on Wall Street Show.
And it was actually it was a really great week
for the President United States, and we're going to delve

(01:07):
into that throughout the entire program today. But it's it's
gonna be one of those shows. Uh, you know, I
I gotta I gotta share with everyone a bit of
a personal story. But again, this this translates, translates to
what we do when it comes to our financial preparation,
our financial planning for people. It's it's about life and

(01:31):
from time to time. Time to time, I have to
kind of I had to do these shows. It's cathartic
for me, I guess I. You know, every day for
the past couple of weeks, I've had this late in
the day, working long, this melancholy sadness that's that's coming
over me. And I got various different thoughts popping in

(01:54):
my head. I got pictures popping up on my phone,
various different memories. And uh, I got a milestone milestone
in my life this weekend. My eldest son is graduating
from college. Now I've got two more on the way.

Speaker 1 (02:14):
Uh.

Speaker 4 (02:14):
The high school graduations, they didn't really shake me up.
You'd see parents crying there at the high school graduation.
Nah nah, But this is getting to me. I really
have to admit it really is. It's just, you know,
to kind of thinking back and watching watching you know,

(02:36):
your son grow up. I've written countless stories about him,
talked about him, talked about my other kids as well,
in relation to financial preparations, sand castles, all these great
pieces that I've done over the years. Again and in
many ways, it's true, it's you know, you you you

(02:56):
raise your kids, but they they raised you too. In
some way. Graduation coming up this weekend, and again I've
seen a lot of emotions going on and over the
past the past couple of weeks with our book out
Work Time and Effort, been honored with people sending me

(03:21):
messages that I'm buying bulk books because I'm handing them
out to UH graduates at at graduation parties, high school, college,
and I'm honored by that because that that was that
was my intention. That was that was my intention is
I wanted the book to be a bit of an

(03:42):
inspiration to kids out there that you can do well
in life. And I've always tried to instill this in
my kids, the the concept of work time and effort.
And again my father instilled that, and my brothers and
I growing up as well.

Speaker 5 (04:03):
We know how to work.

Speaker 4 (04:07):
The preface of the book, I write in a world
inundated with pessimism and defeatist narratives, work time and effort,
and what I want the book to be is a
bit of a hope and at testament to the enduring
American spirit I've been able to witness firsthand. This is

(04:32):
the position that I'm in. This is this is a
job I have. It's a great job, the resilience and
ingenuity that define true entrepreneurship. As you're well aware, my
longtime listeners know, I get ticked off at the pervasive
negativity that can cloud people's perception of success and what

(04:58):
opportunity eyes out here in America. How Oh I can't
make it. You can't do it, It's just too hard.
Constantly we're bombarded with headlines proclaiming the death of the
American dream. It's impossible. Oh, you're not going to be
able at kids. Can You're never going to surpass your
your parents' achievement. Oh, it's futile to strive for success.

Speaker 5 (05:22):
In today's economy.

Speaker 4 (05:24):
Phrases that we have gone off on here on the
program quiet quitting for one, infiltrating our lexicon, symptomatic of
a culture that seems to, quite frankly, have lost faith
in the power of perseverance and hard work. I've I've

(05:46):
spent decades running Markowski Investments, two and a half decades
on this show, decades coaching kids. I vehemently disagree with
this narrative, and I'm saying this to all of you
out there. I'm saying this to my son, to my son,

(06:12):
because again, I'll get the phone calls. He's right now,
right now, he's out applying for job after job after job,
and it's a really tough job market out there, getting offers,
getting rejected, you know, going through various different things. It's
a part of the process. But you cannot fall into

(06:36):
a state of WHOA. The voices that will drag you down,
voices that will paint a bleak picture of our future.
Got to challenge this got to challenge is you have
to shine a light. Shine a light, And that's what
we're trying to do because there's so many success stories

(06:59):
that are out there, and they come in every shape, size,
different direction out of nowhere. The book that I wrote,
work Time and Effort, it's not not about billionaires, not
about billionaires. It's about the unsung heroes of American enterprise,

(07:23):
small business owners, the mid size company leaders, the everyday
entrepreneurs who form the backbone of our economy. These are
the stories in the book. Are individuals who embody the
principle that everything in life. Would I say every week
here on the program, everything in life that has meaning,

(07:46):
value and worth involves work, time and effort.

Speaker 5 (07:53):
American dream? What is the American dream? Again, what does
it mean.

Speaker 4 (07:58):
It's different for every everybody's situation is unique, indifferent.

Speaker 5 (08:07):
Dream.

Speaker 4 (08:07):
I gotta be a million No, you don't have to
be a multi millionaire.

Speaker 5 (08:10):
No, no, no, no no.

Speaker 4 (08:12):
My American dream was always to have a family and
raise kids and be able to spend as much time
with them as I possibly can. And to this day,
I have no regrets. I can't play golf. I can't
play golf, and I never get I was out coaching

(08:32):
my kids, I was at tournaments, I was traveling with them,
I was being with them. This is what I wanted.
That was my American dream. American dreams not about guaranteed outcomes.
It's not. It's not about reliance on the government. It's
about going out there and pursuing your passion, going out

(08:54):
and taking risks, carving your own path. I am so
sick and tired. We'll talk about this later on in
the program. The culture that has become again, it has
become ever more pervasive, looking to government, looking to government
for solutions. Now, No, it's it's the power of the individual.

(09:21):
We talk about in this country. We talk about the
phrase all men are created equal.

Speaker 5 (09:28):
What does it mean?

Speaker 4 (09:30):
Equality under the law, doesn't guarantee equal outcomes. We're all
not the same ability, We're not all destined to be
star athletes or Hollywood Celebrities's not the point. It's the
opportunity that America provides for each individual to pursue their

(09:51):
unique path to success. Something I read rate all the time.
You gotta find I tell us some my kids. You
gotta pray on this. Okay, what what is? What does
God want you to do? What? What is your talents?
What are your abilities? They're different from mine, My daughters

(10:13):
are different from myself. Everyone is unique and different. What
does God want you to do with those talents and abilities?
Let me tell you something, He doesn't. Don't want you
to waste them. Doesn't want you to waste them anyway.

(10:35):
Talk a little bit uh about the first first book,
first book that I bought my son when he was born,
read read.

Speaker 5 (10:48):
I loved reading to my kids when they were younger. Again.

Speaker 4 (10:52):
You know, it's your memories are starting to pileon, you know,
sitting on the couch the kids piled on and you're
reading them stories. And the first book, first book I
bought my son again, all the kids read it was
Doctor Seuss's Oh the places you go, and I gotta

(11:15):
read a passage. I've done it before here on the program,
and I'm gonna do it again here today. And this
is my son, Steven. 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 be the
best of the best. Wherever you go, you will top

(11:35):
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
can get all hung up in a prickly perch and
your gang will fly on. You'll be left in alert.
She'll come down from the lurch, what an unpleasant bump.
And the chances are then that you'll be in a slump.
And when you're slump, you're not in for much fun.

(11:56):
On Slumping yourself is not easily done. You will come
to a place where the streets are not marked. Some
windows are lighted, but mostly they're darked, a place you
could sprain both your elbow and chin. Do you dare
to 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? Or

(12:17):
go around and sneak in from behind seemple it's not
I'm not freed. You will find for a mind maker
upper to make up his mind. You can get so
confused that you'll start into race down long wiggled roads
at a brick naking pace and grind on for miles
weirdest wild space headed. I fear for a most useless place,
the waiting place. People just waiting waiting for a train

(12:41):
to go, or a bus to come, or a plane
to go, or the mail to come, or the rain
to go, or the phone to ring, of the snow
to snow, or waiting around for a yes or a no,
or waiting for their hair to grow. Everyone just waiting,
waiting for the fish to bite, or waiting for the
wind to fly a kite, or waiting around for Friday night,
or waiting perhaps for their uncle Jake, or a pot
to boil, or a better break, or a string of
pearls or a pair of pants, or a wait with

(13:03):
curls or another chance. Everyone just waiting to all the graduates,
twenty five grades and my son out there, don't get
caught in the waiting place.

Speaker 5 (13:20):
Understand that you did.

Speaker 4 (13:21):
There's people out there that love you, that care about you,
that will always be there to support you.

Speaker 5 (13:30):
Understand that you.

Speaker 4 (13:32):
Have a God that loves you, that gave you unique
talents and abilities, and wants you to go out and
make the world a better place. And oftentimes that gets
mistrue too. I got to work for a nonprofit of this. No no, no, no,
no no no. You own a business, you start a business,
you employ people, You're making the world a better place.

(13:52):
You volunteer, you coach a team. Everyone's situation is unique, indifferent.
I congratulate you all, but man, oh man, you guys
have no idea. Oh the places you are gonna go
and the things that you're going to do. We talk

(14:16):
about this every single week. Build, create, protect, and teach.
That's what I'm calling you to do, my son, and
to all the graduates out there, God bless you all. Okay,

(14:36):
you guys again, we're giving you the baton. Okay, give it.
We're gonna be giving you the baton. You're gonna take
it and you're gonna run with it. Gotta take a break.
Watchdog on Wall Street dot com is again as our site.
You can become a part of our family at the

(14:57):
Watchdog on Wall Street Show Personal CFO program. Take advantage
of that our podcast all sorts of great stuff Watchdog
on Wallstreet dot com or give us a call eight
four seven eight four.

Speaker 2 (15:14):
It's a hart.

Speaker 1 (15:17):
Some ticking Wall streets liars, crooks and cheets out behind
the woodshed. You're listening to the Watchdog on Wall Streets.

Speaker 4 (15:40):
Welcome back. Everybody, work, work is foundation of success. I've
said it over and over again. Human beings. Human beings
are not the You're not going to be a happy

(16:01):
individual unless you go out and you overcome obstacles and
achieve goals.

Speaker 5 (16:07):
Sorry, hey again, I'm sorry.

Speaker 4 (16:10):
You ever wonder why at the honest so jeez, you
know it came from such a wealthy family, trust fund,
kids addicted to drugs, all these problems. They were never challenged.
They were never properly challenged in life. You need to struggle.
That that's part of our existence. People, God willing, you know,

(16:34):
I get to the right place and the next life,
I'm not going to struggle there here. It's about struggle.
It's about embracing the suck. It's about accepting it, learning.

Speaker 5 (16:47):
To enjoy it.

Speaker 4 (16:52):
The book that I put out, work time and Effort.

Speaker 5 (16:57):
I guess it's a bit of a coaching tool.

Speaker 4 (17:01):
How many times you hit a wall you want to quit,
You got to push through, You got to work harder.
And that's why you know, the various different stories in
the book, the various different businesses that we highlight, they
all did it. When you're backed into a corner, you

(17:24):
work your way out. You don't wind your way out,
you work your way out.

Speaker 5 (17:32):
It's a bit from the book.

Speaker 4 (17:35):
I grew up working in my father's janitorial business. I
started out with a feather duster on weekends. I'm six
years old. My kidding as I got older. As I
got older, I'd go from sports practice at high school
to cleaning office buildings, then go home and do my homework.

(17:56):
I flip burgers at fairs, mode lawns, umpired little bartended
weighted tables, paying my way through college. All of these
experiences taught me more about business than any college class
ever could. Working hard is crucial no matter what job
you're doing, but you also want to work smart.

Speaker 5 (18:21):
Each and everyone is just gonna screw up. We're gonna
make mistakes.

Speaker 4 (18:24):
What we're doing whatever, working on, but you have to
learn from those mistakes, your mistakes in life. Your mistakes
in life, if you process them properly, can end up
being assets. You put them into that little mental bank
and say, you know what, I'm not gonna allow that

(18:44):
to happen again. Here's that scene that I've talked about
here before. It was one of the Rocky movies, and
Sylvester Saloon is well again. Rocky he's lecturing his son
about life, said, it was great just watching you grow
up every day was like a privilege. Then the time

(19:05):
came for you for you to be your own man
and take on the world, and you did. But somewhere
along the line you change to stop being you. You
let people stick a finger in your face and tell
you you're no good, and when things got hard, you started
looking for someone to blame, like a big shadow. Let
me tell you something you already know. The world ain't

(19:26):
all sunshine and rainbows. It's a very mean and nasty place.
And I don't care how tough you are. It will
beat you to your knees and keep you there permanently
if you let it. You me or nobody is gonna
hit as hard as life. But it ain't about how

(19:47):
hard you hit. It's about how hard you can get
hit and keep moving forward. How much can you take
and keep moving forward. That's that's how winning is done.

Speaker 5 (20:05):
Again.

Speaker 4 (20:06):
All you graduates out there, get ready. Get ready. You're
gonna live wonderful lives. Put the work, time and effort in.
Got to take a break. Watchdog on Wallstreet dot Com.
Watchdog on Wallstreet dot Com again. Become a part of
our family, the Markowski Investments family, our personal CFO program, podcast, newsletter,

(20:32):
you name it. Watchdog on Wallstreet dot Com.

Speaker 5 (20:34):
We'll be back.

Speaker 1 (20:37):
Bris Markowski is the watchdog on Wall Street. This is

(20:58):
the Watchdog on Wall Street.

Speaker 4 (21:06):
A little bad company here. Ayah, welcome back, Welcome back.
It is a Watchdog on Wall Street show. We've talked
about hard work. I'm gonna talk a little bit about time,
about time. You need to understand what you're spending your
time achieving. I on our Markowski Investments Financial Independence Top twenty.

(21:32):
You know I talk about you know, keeping up with
the Joneses, and you know saying that you know you
want to be successful. You have more money than your neighbors,
and they don't have a clue. We live in a
world where everybody's taking pictures of their food and pictures
of themselves and comparing themselves to others, defining one's success

(21:54):
in life by someone's house, car or bank account. Let
me tell you something that's not what it's about. I
talked about this several weeks ago here on the program.
But I change places with anybody on the planet. No, no,
no way, Why because of what my wife and kids

(22:17):
and my family.

Speaker 5 (22:18):
No way.

Speaker 4 (22:21):
There's a line from Chinese philosopher Lautsu. Journey of a
thousand miles begins with a single step. Time is not
quick and it's not easy. Got have patience. Along with patience,
what do you gotta have courage? Because you have to
stand in the face of the chattering classes. Sound familiar. Yeah,

(22:42):
this is a part of our financial preparation process as well.
It all ties in people, It all ties in Oh yeah,
I got a shortcut for you. No, don't listen to
them again. I remember sitting in a tiny two broom

(23:03):
apartment in Queen's when my brothers and I were starting
Markowski Investments. I had just gotten married. I was working
at a desk that doubled as a cabinet. Back then,
I was using a software program called wind Fax, and
I was faxing out to producers at radio stations various
different topics that I was covering.

Speaker 5 (23:24):
I had a list of them all.

Speaker 4 (23:26):
That's how I did it back then, when by email,
sending out these one sheet faxes of topics regarding the
markets in the economy that I was covering at that
point in time. And the hope was that the producer
would pick the sheet up off the fax machine and say, oh,
this is a good idea. We're going to have him
come on the show. Slowly, surely, constantly faxing out thousands

(23:48):
to all of these producers. I was building up credibility
with my ideas and what we were doing at Markowski Investments.
You know what it led to, people said, Oh, you
sound pretty good on air, maybe you should do your
own show. Looking back on that point in time again,
I remember leaving the office early every day because I

(24:11):
had to get myself to Manhattan because I had to
wait tables or bartend at night, putting all of the
money back into my business. Those were the first steps,
first steps of that thousand mile journey that I'm still
going on.

Speaker 2 (24:33):
That.

Speaker 4 (24:34):
I'm still going on. Time's precious, can't buy it, have
to use it wisely. Again, I love being a small
business owner. But again, it's a seven day week job.
Even when you're on vacation, you're always there. But guess what,

(24:55):
I never never miss never miss ballgame, never miss an event.
I work that because that's the time that's most important.

Speaker 5 (25:08):
That's the time. You cannot forget that.

Speaker 4 (25:13):
You cannot forget your family, the important things in life,
above all the people that care about you, all you
graduates out there, mom and dad, your grandparents. Never never
miss miss a chance to get a home cooked meal.
That's the good stuff, Okay, that's the good stuff that

(25:36):
pops into your head throughout life, that brings a smile
to your face. You use it as fuel, Yes, use
your time wisely, don't waste it. That doesn't mean work
all the time. It's about the time. The time that
you're spending, who you're spending it with. All of that matters.

(26:01):
You can take another quick break. I'm gonna talk a
little bit about effort. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com again become a part of our family.
Watchdog on Wallstreet dot com or personal CFO program, our
podcast all sorts of great stuff. Watchdog on Wallstreet dot
com will be.

Speaker 1 (26:20):
Back grounds controls.

Speaker 4 (26:27):
And made.

Speaker 1 (26:39):
The only man who is taking on the Walls Street establishment.
You're listening to the Watchdog and Wall Street with Chris Markowski.

Speaker 4 (26:49):
Yeah, effort. I'm talking about work. But you know you
can do work poorly. You can mail it in. Okay,
Efforts important. When I was a kid, and we learned
this at a very young age, my brothers and I
my dad saying, don't do stuff half ass because again

(27:10):
he'd make us do it again. The truth when it
comes to you know, get most stories, overnight success stories,
all this nonsense, these influences out there, which is all.

Speaker 5 (27:21):
Garbage as far as I'm concerned.

Speaker 4 (27:24):
And I talk about this, you know, and again what's
interesting is I just talked about patience and courage. But
we talk about compounding all the time, right Albert Einstein
Man's greatest invention, Royal Road to Riches. It's not just
compounding wealth, compounding effort, compounding knowledge, compounding wisdom. Small consistent

(27:49):
actions over time lead to extraordinary results every aspect of
your life, whether you're aiming to become a better leader,
grow your customer base, improve your skills.

Speaker 5 (28:05):
Small steps that.

Speaker 4 (28:07):
You take every single day it works. My father worked
real hard, very hard, and he really instilled that in
my brothers and I.

Speaker 5 (28:18):
Everything that we do.

Speaker 4 (28:20):
The office buildings that we were assigned to clean when
we were in high school. Every day he'd go in
and he'd spot check if there was a tiny piece
of paper, speck of dust, a spot on the floor,
a spot on a chromo set, whatever it may be.
He would deduct money from our pay. He used to

(28:42):
call it points. He say, yep, I'm gonna go get
those points. The level of excellence and effort, when you
embrace it early in life, can make all the difference
in your career. Yeah.

Speaker 5 (29:00):
I tell young people me, I don't care what job
you have.

Speaker 4 (29:03):
If you don't make any difference, Oh it's got this
lowly job. Whatever it may be. Wrong attitude. You treat
every single job like you're the CEO of that company.
You own your work. You if you treat every single job,
I don't care if you're making frappuccinos. I don't care

(29:24):
if you're flipping burgers, if you're on fries, or you're
washing Let us like Louis Anderson and coming to America.
You do it like it's your own business. You're gonna
learn more, You're going to advance, and guess what the
boss is going to appreciate you that type of effort.

(29:47):
Everyone from coaches to middle managers talk about giving it
one hundred and ten percent. Coaching kids, the teams I've
coached don't I don't mind losing games as as long
as everybody gave it their all. Mistakes can be corrected,
but lack of effort is a much more insiduous problem

(30:12):
at both the individual level and the organizational level. I
yelled at when I'm coaching, go out and make fast mistakes.
You're gonna make a mistake, Fine, make it fast, go
hard the entire time. You want to build thriving business career.
Achieve any significant goal, it's one giant leave, one brief

(30:37):
burst of effort. It's not about that. It's about consistently
doing the little things day in and day out. Maybe
it's making the extra call sales call, spending the ten
minutes learning a new skill that's important, making a small
improvement to your product. These things might seem insignificant at

(30:59):
the moment, but over time. That level of effort adds
up to create massive change. Apply these things, work, time
and effort to every aspect of your life. You're gonna
do well. You're gonna do well again all the places

(31:20):
you'll go Watchdog on Wallstreet dot com. Watchdog on Wallstreet
dot Com again. Become a part of our family personal
CFO program, our podcast, our newsletter, all sorts of great
stuff Watchdog on Wallstreet dot com. Or give us a
call eight hundred four seven one fifty nine eighty four.

Speaker 1 (31:41):
You're listening to the Watchdog on Wall Street. You should

(32:05):
believe in math, not magic. You're listening to the Watchdog
on Wall Street with Chris Markowski.

Speaker 5 (32:11):
We're back, everybody.

Speaker 4 (32:14):
Yeah, we'll get into it. I gotta get into uh
we gotta get into the.

Speaker 5 (32:17):
News of the week.

Speaker 4 (32:17):
It was a absolutely crazy week when it comes to news.
And uh we gotta, we gotta get into tariffs. Obviously
we've discussed them at great length here on the program
over the past uh what month and a half, month
and a half and also on the podcast as well.
And uh, I told you, I told you, but again

(32:40):
I gave various different options, my little multiple choice things
that were gonna happen. And one of the choices that
I gave up was again, they're gonna walk this back.
They were gonna walk this ridiculous tariff shin dig back,
and that's that's what they've done.

Speaker 5 (33:00):
Thank God, thank God. Again.

Speaker 4 (33:02):
I don't care how. I don't care how Trump spins this. Okay,
the whole Liberation Day was an absolute disaster.

Speaker 5 (33:12):
If you choose to believe.

Speaker 4 (33:13):
That where we're at right now was all done by
design and art of the deal, I'm telling you you're wrong.
But again, you want to believe it, that's fine.

Speaker 5 (33:24):
Whatever.

Speaker 4 (33:24):
Okay, we're walking back the tariffs, walking back to tariffs,
and small businesses around the country have breathed a collective
sigh of relief at this point in time. I don't believe.
I don't believe that the ninety day walkbacks. I do
not believe we're going to go back to where we

(33:45):
were before the administration learned their lesson you cannot fight.
Can't fight the markets. And I'm not talking about the
stock mark, I'm talking about the bond markets. I'm talking
about the currency markets that said, ho whoa, wha, wha, whoa, whoa,
this is just not going to work. Markets are very

(34:07):
very powerful things where I think we are going to
end up well. Ten tariffs across the board is a
major increase in tariffs, major And again Kevin O'Leary put

(34:28):
it this way this past week, and again I happen
to agree with this.

Speaker 5 (34:35):
It's basically an American vat tax.

Speaker 4 (34:38):
My wife when we go to Europe and we're shopping,
and you know, they think they use this part of
their sales thing. They have an embedded tax and many
of their product products over a certain price. And if
you go to the airport on your way out, you
bring your receipt, you show the thing. You're getting this
discount on the VAT tax, which is embedded. Essentially, this

(35:01):
ten percent tariff is in essence, an American vat tax,
and you're paying it. It's a tax, people, Okay, you
can call it a tariff. You can believe it's a tariff.
It's a bloody tax. Walmart on Thursday morning announced that

(35:21):
they're raising their prices. They're raising their prices because of
the tariffs. Ford Motor Company is boosting the sticker prices
on its models by as much as two thousand dollars.
Apple is raising the iPhone prices that are coming out

(35:42):
this fall. I can go on and on and on.
It's a tax. And again, this is the world that
we live in. And I'm going to get into this
even further, Okay, a little bit later on in the program.

Speaker 5 (35:58):
Where we are.

Speaker 4 (35:59):
At as a society and the size of government and
what we're demanding of the government. Quick story. I thought
about it this past week. I thought about the ten
percent tariff and embedded taxes. When I was again this
is one hundred years ago. When I was in college.
I was in college upstate New York. We were able

(36:20):
to get kegs of beer, kegs of beer Genesee was
the beer Genesee beer for around ten bucks a keg
ten by I was actually twenty because you had to
pay a ten dollars deposit for the actual keg that
you returned it. Think about that. That was my freshman year.
My sophomore year. My sophomore year, they put a new

(36:43):
tax on alcohol. And to put it to you this way,
the price of a keg of beer went from ten
bucks it was almost forty dollars a keg. Now, when
we bought the beer, it didn't say on the receipt,
didn't say, hey, this was a tax. No, no, that

(37:04):
that tax was paid by the beer company. The beer
company passed that tax on down to us college kids.
That's how tariffs work. People, Stop do me a favor.
Stop saying stop saying that the businesses are going to
pay for it, or China is going to pay for it,

(37:25):
or corporations are going to pay for it. A corporation
is a logo and a tax id number. It gets
all of its money based upon what you are giving
it for the products and services that you buy from them.
A tariff is a cost of doing business. You're paying it.

(37:50):
And again, this is the way it's going to have
to be as long as we as a society continued
to demand more and more from the government. We've gotten
used to this, but we don't even we don't even
see it. I've talked about the nineteen seventies gas stations
where they would tell you what your taxes were when

(38:12):
you were buying a gallon of gas. They don't even
tell you anymore. It's all embedded. We do not, we
do not want to decouple from China. Okay, Scott Bessett
made that perfectly clear. I couldn't be more thrilled Navarro

(38:34):
has gone missing. We don't see much of him anymore,
and his nonsense. We don't want to decouple from China.
We're not bringing back all of these low you know,
certain factory jobs he talked to CEOs. Okay, we don't
have the people to put together sneakers for Brooks and

(38:55):
various different companies. We got to take pride and what
we do and do it well. Then more on trade
tariffs and where we're at as a society, the welfare
state known as the USA. When we get back Watchdog
on Wall Street dot com, Watchdog on wallstreet dot com

(39:17):
is our site, become a part of the Watchdog on
Wall Street family, our personal c f all program.

Speaker 5 (39:23):
We'll be back.

Speaker 1 (39:29):
Chris Markowski is the watchdog on Wall Street. Well no
one author, investment banker, in super advocate, analyst, trainer, Chris Markowski,

(39:52):
He's the watch dog on Wall Street. Do you want
to answer exposing the lies and myths that the big
brokerage firms, the mainstream press, and the government they're pushing
to keep Americans away from financial freedom.

Speaker 2 (40:05):
You can't handle the true.

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

Speaker 3 (40:12):
Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 1 (40:17):
This is the watchdog in wall streets.

Speaker 4 (40:22):
For twenty five years, for twenty five years on air,
on this very program, I've been pushing back, pushing back
on big government, pushing back on government waste, fraud abuse,
pushing back on the welfare state. Warning that we are

(40:47):
on Hyak's road to surf them. I call it acdc's
highway to hell. And the reality is I'm going to continue.
I'm going to continue again. It's what everybody has to do, build, create,
protect and teach. But I'm not gonna lie. I had

(41:09):
I had an epiphany this past week. I talk about
this all the time. You kind of have to accept
the world around you. You have to accept the terrain
as it is at that point in time. And I
always bring up that that quote Navy seal. You know,
you go into battle and you got a plan, and
you got a map, and then you know you land
on a beach somewhere and the map's wrong. I mean,

(41:29):
what do you do. Do you go with this, continue
to go with the map, or do you actually go
with the terrain? The terrain right now, people, is that
you know, for all intents and purposes, we are a
European style Scandinavian welfare state. We are this is what

(41:53):
we've chosen. I haven't chosen it.

Speaker 2 (41:58):
I haven't.

Speaker 4 (41:58):
I've been trying to push back against it. I watch
people that call themselves Republicans call themselves republicans on TV
on c SPAN. I keep thinking of that, that Nigo
Montoya from Princess Bride. You keep using that word. I
don't think it means what you think it means. Republican

(42:20):
conservative right, No, no, no, pushing for more and more
government spending. This, this big beautiful bill, is one big,
beautiful joke, and I hope it gets shot down. I
hope it gets shot down. There is there's some good parts.

(42:44):
You know, basically, you want to look at this if
you want to take a look at it as it
basically the Donald Trump sequel to his twenty seventeen bill.
It's a bad sequel. It is a very bad sequel.
The best parts of this bill are from the first term.
The best parts are for the first term. Everything else

(43:07):
is a joke. It's not even a bill, it's more
or less a political document. What they're doing is given
handouts and giveaways to this district and that district. And
this it's the same thing that donkeys would do if
they were and charged the good thing. I point out
the good things. It makes the twenty seventeen tax reform permanent,

(43:29):
it's not going to expire, lower tax rates across the board,
restores one hundred percent expensing for equipment purchases, but they
again they're phasing that out in twenty twenty nine. It
expands bonus appreciation to new factories through twenty twenty eight. Again,

(43:49):
why are you making this expire? If it's a great idea,
let me tell you why. Because they can't make ends meet.
This is a trick. This is a trick that they
do to get bills passed. The Congressional Budget Office, Uh, looking,
I would score with the Congressional Budget Office. The Congressional
Budget Office can't point out, Yeah, you guys are running

(44:09):
a trick right now because you're making certain tax cuts expire.
But when push comes to shove, when it comes time
for them to expire, what happens They just extend them.
And what we go further into debt? Why why don't
they make them permanent? Because they're unwilling to go out
and make the cuts that are necessary. The one other thing,

(44:33):
the one other thing that is a pro growth agenda
in this bill. It's got one more thing is that
they expand the twenty percent deduction for small businesses that
pay at the individual rate. They make that twenty three percent.
That's it. That's it. The rest of the bill is

(44:53):
a joke, quite frankly. Oh, you get a tax ca
you get a giveaway. You some people, some people are
getting their taxes increased, basically income redistribution through the tax cuts,
and hey, this is gonna be great. You want a

(45:14):
good job, Okay, you want to make a lot of money,
be a lobbyist. Okay, with this tax code, with this
tax code and with all the tariffs that are out there,
lobbyists are going to be making pink.

Speaker 5 (45:29):
Let's let's talk about some of the gimmicks here. Okay.

Speaker 4 (45:34):
Tax exemptions for tips and overtime pay for workers earning
less than one hundred and sixty thousand dollars a year,
I get it. Trump campaigned on this to reach out
to get working class votes. Okay, whatever, Okay, what do
you think is gonna happen with this Okay, you don't

(45:56):
think that there's gonna be carve outs. You don't think
that cert and introducing industry are going to try to
take advantage of this the bill.

Speaker 5 (46:07):
Listen this.

Speaker 4 (46:08):
The bill limits the tip exemption. Wait this to an
occupation which traditionally and customarily receive tips. Before December thirty first,
twenty twenty four, the Wall Street journalists do, Plumbers, electricians,
and personal trainers customarily receive trips. Basically everybody does in
today's day and age for cred Allow you to check

(46:29):
out the grocery store, they're asking you for a tip.
Everybody's got to be like James Conway and Goodfellas. You
know already tip and everybody walks in. He first meets
Henry Hill and Goodfellas. Ah, yay, he tipped the bartender
for keeping the ice cold. Everyone's gonna be looking to
find a weasel way in with this.

Speaker 5 (46:51):
They also.

Speaker 4 (46:53):
Did this deduction for interest on auto loans. That's a
subsidy for the car.

Speaker 5 (46:59):
And that's all.

Speaker 4 (47:01):
Anytime you subsidize something, you're going to make the price
go up. And what automakers are going to do, and
I don't blame them, they're going to try to pass
on the tariff costs via higher interest charge by their
lending arms.

Speaker 5 (47:14):
Mark my words.

Speaker 4 (47:17):
Senior citizens earning up to seventy five thousand dollars a
year getting an enhanced four thousand dollars deduction. Basically, it's
a vote buying exercise, don't they. Right now it's at
sixteen thousand, so it's going to go up to twenty. Again,
it wasn't that long ago. Well, not long ago, Republicans

(47:39):
were criticizing Democrats for basically hiding the cost of build
back better by phasing out the entitlement expansion and transfer
payment increases after a few years. Now Republicans are doing
the same damn thing. Okay, all of these things are

(47:59):
going to expire in twenty twenty eight. And again, ask
yourself this question. If this is such a great idea,
no tax on tips, no interest deduction for car loans,
increase this, whatever it may be, It all expires in
twenty twenty eight. Again, why so Congress doesn't have to

(48:20):
be more fiscally prudent and cut more from the budget
they can continue to spend. It also allows whoever's running
for office in twenty twenty eight to run on it saying, ah, yes,
we can't let these tax things expire. Right sure, Now,
we got this another idea here, the MAGA accounts. You

(48:44):
know what, I'm gonna save the MAGA accounts, the thousand
dollars government payments for babies born from December thirty starting
in December thirty first through no, just through December twenty first,
twenty twenty, This goes away too. They're getting one thousand
dollars brand new MAGA account paid for by you and
I we the taxpayers.

Speaker 5 (49:04):
I'll get into that a little bit.

Speaker 4 (49:07):
Child tax Credit Republicans extended that that passed in first
pass in nineteen ninety seven at four hundred bucks. Republicans
are taken from two thousand to twenty five hundred only
through twenty twenty eight. Though that's gonna go away in
twenty twenty eight. You know the good things that they
actually did put in there, scrapping the electric vehicle tax

(49:29):
credit and some of the other stuff from the Inflation
Reduction Act. Do you realize that those those wind and
solar tax credits they don't phase out until twenty twenty nine.
What no, no, no, no, no, no no, They're gonna wait until
twenty twenty nine to start phasing that out. So let

(49:51):
me tell you what's gonna happen in twenty twenty nine.
Lobbyists will step up to the plate. They'll start writing
checks to whatever politicians are in power at that point
in time, and the same stupid tax credits won't phase out.
They will be extended. Well you want to know why, Uh,
look what they did in this bill. They extend the
tax break for ethanol and biofuels George W. Bush and

(50:14):
his switchgrass and algae crap that he proposed at a
State of the Union and we're still spending money on
that nonsense. And then of course you get the uh,
you know, the salt state. The Republicans from blue states
that are basically holding the line. They think that they
are for crying out loud, the Spartans in three hundred Yep,

(50:38):
they won. They want their tax cut for rich people
in their blue states, because that's what it is to joke. Okay,
I got hit with that because I lived in New York.
I got hit with that after the twenty seventeen tax reform,

(51:00):
and it was the right thing to do. Why in
the world, Why in the world should other states have
to subsidize the state taxes that people are paying in
New York or California or Illinois or any other high
tax state out there. It's patently absurd. It's nuts. But no,

(51:22):
not all these Republicans are going to hold the line
on that. And then you got the Josh Holly is
of the rule the world and the others out there
that don't want to do a damn thing to reform
Medicare Medicaid excuse me, all the fraud, okay, all of

(51:42):
the crap that takes place, all of the waste, and
they're unable to do a damn thing. They don't want
to do anything. They sound like Bernie Sanders, for crying
out loud, they sound the republic Many of these people
the Republican Party sound just like Bernie Sanders in the

(52:06):
way that they're speaking. Oh, you're taking money away from
poor people, and oh my god, you can't do that,
and this is terrible. Oh my lord, what.

Speaker 5 (52:16):
Are you talking about.

Speaker 4 (52:18):
Medicaid was not for able bodied men, for crying out loud,
that's it wasn't what wasn't design for, but it's what
it's become. Yeah, you gotta read Holly. Holly went to
the New York Times this past week past weekend basically
against It's just like it's like Bernie Sanders. They all

(52:41):
wing of the Republican Party. Yeah, the Wall Street wing,
the Republicans that are sticking up for the c suite
Wall Street winging.

Speaker 5 (52:50):
What the Wall Street? What are you talking about?

Speaker 4 (52:57):
How is it okay to keep people on Medicaid that
can fend for themselves, that should get themselves up and
get their buck to work. Work. Really, twenty hours a
week is asking too much. And then you see these ridiculous,
ridiculous shows where they got parades of people in wheelchairs
in the halls of Congress. They're not affected by this,

(53:20):
They're not affected by the cuts at all. It's like
going back to that commercial. But the Democrats used to
run with Paul Ryan pushing Grandma off a cliff, But
now Republicans are doing it. And as I think about this,

(53:41):
and I'm watching what's taking place, big beautiful bill that
I hope is rejected. Listen, I'm at the point in time.
I'm at the point if nothing passes, I guess our
taxes are going to have to go up. I don't
know if you've taken an actual look at the numbers.
You're raising the debt ceiling. Bye, the four trillion dollars.

(54:05):
Do you see the trajectory that we're on. It's not
going to be long. We're going to be spending over
two trillion dollars a year on interest on the debt.
Have you taken a look have you taken a look
at the bond market this past week? Oh yeah, this
wasn't the case, but it is now. The bond vigilantes

(54:28):
are are We're getting hit. Take a look at the
ten year, take a look at the thirty year. They're
taking a look at this big, beautiful bill and how
disgusting it is that how wasteful it is. And I'm like,
America is going to have to pay more. The taxpayers

(54:48):
in United States are going to have to pay a
lot more in interest if they want to continue to
spend and spend and spend like this. You got to
think about that money and what we're flushing down the toilet.
You got to think about the fact that over the
next ten years we're spending what budgets got to what
eighty eighty seven trillion dollars in spending and Republicans can't

(55:10):
even come up with one and a half trillion dollars
in cuts. They can't even come up with that. What's
the point, what's the point? Well, why vote for these people?
What so you can celebrate that your team won on
election night? What do we win exactly? Gotta take a break,

(55:33):
Gotta take a break. Yeah, we get back. We're gonna
get into MAGA accounts. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com is our site, our personal cf
O program, our podcast, all sorts of great stuff. Watchdog
on Wallstreet dot com. Or give us a call eight
hundred and four to seven one fifty nine.

Speaker 1 (55:51):
Eighty four, bringing America financial freedom, one listener at a time.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (56:16):
Quarter back.

Speaker 1 (56:17):
Everybody.

Speaker 4 (56:19):
So, I saw this this past week, tossed into the
bill and Ted Cruz was on TV and he was
touting this and they're working out the details.

Speaker 5 (56:30):
It's a new thing, new entitlement again. Look at this.

Speaker 4 (56:35):
We can't even afford the entitlements that we have. Social
Security is going to be cut within ten years, and
here we go, here we go. We're going to start
another entitlement MAGA count. So you have a child that's
born the Treasury. I like how they put this. The
Treasury will seed accounts with one thousand dollars and families

(56:58):
could add five thousand dollars a year the Treasury. No,
the Treasury is not going to see the accounts. The
taxpayers here in the United States are gonna see those accounts. Now,
I think that this would be a pretty good idea
if we weren't thirty six trillion dollars in debt, if

(57:20):
Social Security wasn't going under, if we weren't having all
sorts of problems and financial issues with Medicaid and Medicare
and all the other nonsense that we spend on. But
we are most certainly not in that position. Okay, we
can't afford this. Plus, Okay, I've been around the block.

(57:42):
Do you know what this is going to be used
for down the road? Okay, you've got an account set
up where the Treasury Department, we the taxpayers, are giving
newborn babies money. How long do you think it's going
to take for Alexandria Acasio Cortes or Republican as well,

(58:02):
to stand up on a podium and say that the
thousand dollars is not enough these are disenfranchised people in
these communities. They should be getting more. This is gonna
be a great way we can divide different groups against
one another. Oh you'll you'll start seeing reparations thrown into this.

(58:25):
It doesn't matter, doesn't matter. Republicans will they want to
earn votes, say I'm gonna make sure that every baby
born in America is gonna get five thousand dollars.

Speaker 5 (58:38):
Oh you don't think so.

Speaker 4 (58:41):
That's how it's going to be used and abused, mark
my words. Obviously, getting people involved in the American economy
at a young age is great. You know it could
have done something much better. You could have gotten You

(59:01):
could have started up a universal savings account, something much
bigger than an IRA, something tax deferred. You take away
all the complexity four oh one k's iras, all of
these different things out there, and you make it simple
and easy for people to put money away tax deferred.

(59:25):
And you could say in that account, okay, you can
use that money for this, this, this, this, and this.
If you don't use it by a certain time, you
have to take it out. All of these things you
could do, okay, but we are running massive deficits. We
are heading over the next ting you we're gonna be
almost fifty plus trillion dollars in debt, and you think

(59:49):
you're gonna be able to pull this off again. Sometimes
I don't know. I don't know what they're thinking. They're
in Congress again. Everybody's like the character Darien from Wall Street. There,
the interior designer, great spender of other people's money, our money,

(01:00:12):
watchdog on wallstreet dot com.

Speaker 5 (01:00:14):
We'll be back.

Speaker 1 (01:00:16):
You're listening to the watchdog on Wall Street, teaking Wall streets, liars, crooks,

(01:00:40):
and cheets out behind the woodshed. You're listening to the
watchdog on Wall Street.

Speaker 4 (01:00:47):
Welcome back, Welcome back. Like I said if I was,
I'm running the show. I'm running the show. And again
President of the United States. I tell the Speaker of
the House, say listen, I'm not gonna sign anything unless
it's balanced.

Speaker 5 (01:01:04):
That's it.

Speaker 4 (01:01:06):
I don't care if you have to double taxes. Okay,
you guys, put yourself in a room and you come
up with a balanced budget. We're not running deficits anymore.
We are not going to run deficits any more. Thank you, goodbye.
Click again. Put them all in a room. Put them

(01:01:26):
all you know you gotta you gotta put them all.
You gotta put them all in a room, come up
with an idea. They can't be in Congress. You know,
you gotta put them in you know, some like an
old like gymnasium in an old school somewhere. You got
to lock the doors, and you know you put all
you put all the members of the house in there,

(01:01:47):
and you know, you put two porta potties in there.

Speaker 5 (01:01:50):
That's it. That's it. They have no other bathrooms.

Speaker 4 (01:01:55):
They have to eat like crappy, crappy cafeteria food, and
they they can't come out until they come up with
a balanced budget. Something something, Please, anyway, I have to
talk about this. This was this is what what Donald

(01:02:17):
Trump did this past week in the Middle East is
exactly what I voted for. And people get upset with me,
and I don't know why. Again, I deal with facts
here on the program. I'm an equal opportunity basher. You're
never gonna have me, lie. I'm not one that says

(01:02:39):
I had to support my candidate, no matter what, not
my candidate. These politicians work for me. Donald Trump works
for me. He works for you. And if I don't
like something, I'm gonna I'm gonna speak up, speak up.
I mean loyal to the president. Of loyalty, no no, no, no, no,
no no. A truly loyal person is going to be honest. Okay,

(01:03:01):
my friends, my friends, if I'm doing something wrong or
I'm being a jerk, They're gonna let me know. That's
being loyal, that's being a good friend. And I've said
again again I want this president do well. I say,
we got to do a reset on these tariffs. We
got to almost like forget the month of April even happened,
and move on. And I have to say, and I

(01:03:25):
have to say, and other people have echoed what I said,
because I talked about this on the podcast this past week.
This was the speech in Saudi Arabia, in my opinion,
was the best foreign policy speech given by a president
since Reagan spoke at the Brandenburg Gate and told mister
Gorbachev to tear down this wall. I'm gonna read to

(01:03:51):
you some of the things that he said. And again,
these are things that I believe in strongly. It's crucial
for the wider world to know this great transformation has
not come from Western interventionists talking about Saudi Arabia, talking
about read talking about Abu Dhabi. Western interventionists are flying

(01:04:16):
people in from beautiful plains and giving you lectures and
how to live and how to govern your own affairs.
In the end, the so called nation builders wrecked far
more nations than they built, and the interventionalists were intervening
in complex societies that they did not even understand themselves. Now,

(01:04:37):
the gleaming marvels of Riad and Abu Dhabi were not
created by the so called nation builders, neocons, or liberal
nonprofits like those who spend trillions and trillions of dollars
failing to develop Baghdad so many other cities. Instead, the
birth of a modern Middle East has been brought by
the people of the region themselves, that are right here,

(01:05:00):
the people that have lived here all their lives, developing
your own sovereign countries, pursuing your own unique visions and
charting your own destinies in your own way. They told
you how to do it, but they had no idea
how to do it themselves. Peace, prosperity, and progress ultimately

(01:05:22):
came not from a radical rejection of your heritage, but
rather from embracing your national traditions and embracing that same
heritage that you love so dearly. You achieved a modern miracle,
the Arabian way.

Speaker 5 (01:05:40):
Trump went on to remove all.

Speaker 4 (01:05:41):
Sanctions on Syria again. I think that this is fantastic.
This is the direction that I have been hoping and
praying for for a very long period of time. When
we're no longer Team America World Police, and we get
back to the vision of our founders being a shining

(01:06:05):
city on a hill doing business, being an example to
other nations and nation we're gonna people gonna look up
to us that are gonna want to do business with us.
This was a phenomenal move. I can't stress this enough.

(01:06:28):
What we've been doing post World War Two has failed,
has failed. Team America World Police, Neocon invade here, invade there,
and think that we're gonna make every country in the
world in our image is wrong. It's wrong, and we

(01:06:50):
need to get away from that. That is what I
voted for, and I commend Donald Trump and, like I said,
best foreign policy speech since Reagan's Watchdog on Wallstreet dot Com.
Watchdog on Wallstreet dot Com our site become a part

(01:07:10):
of our family, our personal CFO program, our podcast, our newsletter.
Watchdog on Wallstreet dot com or give us a call
eight hundred four seven one fifty nine eighty four.

Speaker 1 (01:07:37):
This is the watchdog on Wall Street.

Speaker 4 (01:07:46):
All right, yeah, I'm I'm starting to feel like the
Omega Man of free markets. They see Omega Man. It
was the original original take on the book I Am
Legend with Charlton Heston and the book basically the book is, well,

(01:08:12):
it's about these now vampires, the original I Am Legend
and in essence, in essence, I'll push comes to shove
in the book, the human being, the human being in
the story ends up becoming what is feared, ends up
becoming the legend because the entire world is vampires. It

(01:08:33):
flips in essence, you know where vampires are legendary.

Speaker 5 (01:08:37):
Oh whatever, it may be.

Speaker 4 (01:08:38):
All of a sudden, if you're your last man, you're
Omega Man, the last one, well then you know they're
fear you. And yeah, I guess that's what it feels
like right now. I'm not the only one. I'm talking
about this with other people. That libertarian principles, small government,

(01:08:59):
shrinking the welfare state, and where we're at. You take
a look at the type of ridicule that guys like
Ran Paul and Thomas Massey, get people that actually understand
what this country is all about. But listen, we live
in a republic. We live in a republic. And this

(01:09:20):
republic we live in at this point in time, put
it anyway. I mean, people want their free stuff. They
want their free stuff. Bernie Sanders is winning.

Speaker 5 (01:09:35):
You get it.

Speaker 4 (01:09:37):
Bernie Sanders is winning. Ayok is winning. He keeps going
out there. You get Republicans going along exactly what he says.
I think I've told this story before. And there's a difference. Okay,
there's a difference between socialism and welfare state socialism. Okay.

(01:09:57):
Socialism basically is what Donald Trump was doing quite frankly,
when it came to his tariff policy, or when he
starts saying things like, ah, kids can have three dollars
rather than twenty. No, that's neo Marxist. Okay, and I'm
glad landing them opic. It stays this way, Okay. He
stays away from that government being involved being involved with

(01:10:20):
the means of production. Either they own the means of
production or they influence the means of production through power.
That's socialist. The uh Scandinavian countries got mad at Bernie
Sanders because Bernie Sanders called them socialist. So several years ago,
I remember this, and you know what he said. They

(01:10:42):
came out and said, they said, we're not We're not socialist.
We don't control the means of production, we don't own
the companies will tell them what to do. We have
a welfare state. We most certainly have a welfare state.
And that's where we are at. Okay, So if we're
gonna be a welfare state and we're gonna have to
pay higher taxes and pay all this stuff out, we

(01:11:02):
most certainly can't be socialists because we're gonna have to
grow the hell out of the economy to pay for
all of these handouts and give aways. Watchdog on Wallstreet
dot com. Watchdog on Wall Street dot com. It feels
good to be an omega man of the free markets.
I am an edgend.

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

Speaker 1 (01:11:38):
Only man who is taking on the Wall Street establishment.
You're listening to the Watchdog in Wall Street with Chris Markowski.

Speaker 4 (01:11:48):
All right, So, another big executive order this past week
that Trump takes odd big pharma. Trump signs the order
to force uh the pharmaceutical companies to charge here in

(01:12:08):
the United States. The same drug prices as other nations.
Now I have uh I've talked about this here for
some time, talked about how how unfair uh it is
that we here in the United States we pay for
all the research and development costs for drugs for the

(01:12:31):
entire world. Pharmaceutical companies will go to the NHS in
the UK and they'll negotiate a price, and you know
they have to. In essence, they don't have to, but
they kind of have to. They got to take it.
They have to take it. There's we're socialism, we're a
national health care This is all we can afford because

(01:12:54):
what if the pharmaceutical company said, no, we're not going
to say the drug for that price, then they're going
to look like they're evil and they're denying the people,
or ally the UK, of life saving drugs. And this
is how it goes all around the globe. The cost
to bring a drug to market is extensive. It's none

(01:13:19):
only does it take something to take ten years, okay,
and now is it enormously expensive. Most of them don't
make it. So again, that's a cost. If pharmaceutical companies
are unable to recoup the costs of making and developing
a drug.

Speaker 5 (01:13:37):
Why would they do it. They're not going to.

Speaker 4 (01:13:42):
I think what Donald Trump did, quite frankly, is this
is to me an art of the deal type of
a move. Okay, and other people are picking up on
this as well. I don't think we're gonna, No, we're
not gonna have price controls. They won't fly. They won't fly,
they will get rejected by the courts. There's no way,

(01:14:03):
no how, we're going to have price controls on pharmaceuticals
here in the United States. Price controls fail every single
time they're tried. What I do think is that we
can have some pressure being brought to bear on some
of these foreign healthcare providers and forcing them, forcing them

(01:14:27):
to have to pay more, have to raise their prices,
they're going to have to chip in more, not to mention,
maybe coming up with some ways to streamline access to
certain pharmaceuticals, removing middlemen to bring the cost down. There's
most certainly things that can be done without a doubt.

Speaker 5 (01:14:47):
But again, do you want to.

Speaker 4 (01:14:50):
Ham string a major industry here in the United States. Again,
we lead the world in this. You don't want to
you want to reckon industry that we're leading the world
in and then you know, everybody wants what we have.
This is a great opportunity to obviously strike a much

(01:15:12):
much better deal. Ah deplane deplane. I'm thinking about seeing
this story about the uh Donald Trump and his Katari
plane reminded me of tattoo from the television show Fuantasy
Island with Ricardo Montebon. Riccardo Montiban I was that guy,

(01:15:36):
remember him. He was also uh he was con in
star Trek. Remember how jacked he was. He was in
his sixties and he was jacked. Anyway. Oh oh, remember
Ricardo Montebon and the Chrysler commercial was the Chrysler Cordobar
or something like that with the Corinthian letter the Corinthian

(01:15:58):
leather that he talked about, uh Rich Corinthian leather. And
it was all just a marketing scheme. They just came
up with a name. But anyway, anyway, the plane deplane. Yeah,
it's not a good look. Okay, any way you spin this,
it really doesn't look good.

Speaker 5 (01:16:20):
And we all know it.

Speaker 4 (01:16:22):
I don't know what's gonna happen, push comes to shove.
The reality is is that you know what type of
listening devices were put into that plan? I can't tell you,
but what I what I can tell you is it's
pathetic and sad. It truly is. It's pathetic and sad
that we live in a country right now. There's two

(01:16:45):
major airplane manufacturers in the world. There's Boeing an Airbus.
Donald Trump ordered new Air Force won planes back in
twenty eighteen. They were supposed to be delivered last year.
Boeing says they're not going to delivered until twenty twenty nine.

(01:17:08):
Now I see this, and then I also hear the
story about how Trump struck a deal for tar to
buy one hundred and sixty planes from Boeing. And I'm
saying to myself, one hundred and sixty planes from Boeing.
I said, we're going to be using like beat me up,
Scotty and teleportation before they get those planes at the
rate that Boeing.

Speaker 5 (01:17:29):
Is going.

Speaker 4 (01:17:32):
And again you look at this and said, how do
we get to this point in time? And again I've
given my thing. It's just that Boeing is too big
to fail. Boeing would have been out of business by
now if it wasn't a major defense contractor and basically
protected and too big to fail, and would have been
replaced writing a story this past week about how at

(01:17:54):
the start start of World War Two, the United States
had fewer than two thousand military aircraft, less.

Speaker 5 (01:18:05):
Than two thousand.

Speaker 4 (01:18:06):
Fdr knew that he had a problem, called on called
On Forward. One of the companies he called on to
make airplanes. They put together an entire mile long facility
in six months, with a landing strip, with a school.
They taught eight thousand employees a week how to build

(01:18:28):
airplanes because so many men were out serving. Remember you
know Rosie the Riveter, three hundred thousand rivets in one.

Speaker 5 (01:18:35):
Of these airplanes.

Speaker 4 (01:18:37):
And at the end, by the time the end the
war's end, these factories were rolling off a plane an hour.
We can't make a couple. Come on, watchdog on Wallstreet
dot com. Watchdog on Wallstreet dot com, will be back,
don't go anywhere.

Speaker 1 (01:19:03):
Chris Markowski is the watchdog on Wall Street. Well know
an author, investment banker, consumer advocate, candalyst, trainer. Chris Markowski

(01:19:29):
is the watch dog on Wall Street exposing the lies
and myths that the big brokerage firms, the mainstream press,
and the government are pushing to keep Americans away from
financial freedom.

Speaker 2 (01:19:42):
You can't handle the true truth.

Speaker 1 (01:19:45):
Bringing America, the truth about what really happens in the
financial world.

Speaker 3 (01:19:49):
Ladies and gentlemen, We're not here to indulge in fantasy,

Speaker 1 (01:19:54):
This is the watchdog in Wall Streets.

Speaker 4 (01:20:00):
Want to back. It is the watchdog on Wall Street
Show kind of taking us back from before in a
Big Beautiful Bill. You know that the Big Beautiful Bill
ends the solar tax credits for homeowners in twenty twenty five.
I was wrong there, Okay, ends those in twenty twenty five,

(01:20:20):
but keeps the subsidies for corporations until twenty thirty one.
Why so no, no, no, ye, homeowners not not you're losing
your tax deal, but corporations are going to be able

(01:20:40):
to keep theirs imly wonderful again. You know, it's it's
unfortunate people, but we live in a country where it's
it's paid play at this point in time. It's brought
me back in time. This was nineteen nineties, and I
don't understand how they put this panel together. I gotta

(01:21:03):
find the video. I think it's on my YouTube page somewhere.
I was on one of the Fox programs on Fox News,
and I was on with a lobbyist and for some reason,
the other person on the panel was Jake Steinfeld, remember
him for Body by Jake, And I was ripping in

(01:21:25):
to this lobbyist and what they do for a living
and whether the right to petition Congress that's in the constitution.
Yeah whatever. Yeah, that's what the founding fathers had in mind.
A bunch of hired guns in Washington, DC, basically cow
telling the major corporations in businesses so they get the

(01:21:47):
carve outs and their giveaways. Yeah, yeah, yeah, I'm sure
that's what Madison had in mind. It was funny Jake
Steinfeld there, It was kind of like Rodneys, like, can't
we all just get along? You didn't want to get
involved in that debate. Oh people say, oh look at this.

(01:22:08):
Oh no, that we posted a budget surplus in April.
People are like, wow, look at that tariff revenue. This
is the funny thing is tariff revenue. Sixteen billion dollars
in tariff inflow helped ease the US budget deficit rate. Okay,

(01:22:29):
okay again again, who paid for this? That's sixteen point
three billion dollars was our money. It's the money that
we the people pay for these products and services when
they come into the country. You need to get your

(01:22:50):
arms around that. This I thought was funny too. I
found a touch on this. Janine Piro from The Five,
Jean Piro from The Five. I guess she's now gonna
be the was a DC Attorney general. And I'm but
it's not a good look. Yeah, my wife used to

(01:23:12):
work for Fox News. Okay, she wasn't on TV. She
did ad sales way way way back when before we
were married, a little bit while we were married as well. Yes,
but anyway, can't my wife wife get a job in
the Trump administration for crying out loud because she worked
at Fox News. There's like twenty something of them for
crying out loud? Whatever. Whatever. Listen, you know Jennine's again.

(01:23:38):
I got to get her resume. Was fine as a
prosecutor in Westchester County. But I mean, come on, it's
a bit of a bad look anyway. Student loan delinquencies
again another c I told you so a moment here,
told you this was gonna happen, told this was gonna happen.
What Joe Biden did. What Joe Biden did was awful, Okay,

(01:23:59):
was awful. He uh he basically you know, told kids,
gave kids the false hope that all of a sudden
their student loans were gonna be forgiven, and he was
gonna make it all go away with an executive order.
And again I warned everybody, that's not gonna happen. It's

(01:24:19):
gonna get rejected by the courts.

Speaker 5 (01:24:21):
He can't do that.

Speaker 4 (01:24:23):
So you've had forbearance now for what five years? Four
or five years now, and the party's over all of
these all these people out there that pause payments on
their federal student loans, they're getting smacked up side the

(01:24:44):
head right now. We're gonna see issues when it comes
to credit scores. Delinquencies are already starting to pop up.
Not not a good place we're in at this point
in time. And again, I my fear is is that
this is gonna end up becoming a major issue in

(01:25:07):
the midterms. I really do. I think it's gonna be
a major issue. You've got a lot of people out
there that are very, very frustrated by this, and it's
gonna be very easy to again, you know, dangle things
in front of them, make all sorts of promises and

(01:25:28):
how you're gonna make it all go away. Becauf of
gonna come and say you're gonna make it all okay,
you vote for me.

Speaker 5 (01:25:39):
Again.

Speaker 4 (01:25:39):
I don't have batting it back and forth ways of
solving this.

Speaker 5 (01:25:44):
Now. Trump is again he's talked about threatening evil.

Speaker 4 (01:25:47):
He has threatened Harvard with eliminating their tax exempt status.
We're also talking about putting a tax on university endowments
around the country.

Speaker 5 (01:26:00):
My thought is this.

Speaker 4 (01:26:01):
My thought is this, and you guys can email me
tell me I'm crazy, whatever it may be, is that
if you're going to eliminate the tax exempt status for
colleges and universities and you're going to start collecting taxes
from them, why not ear mark Why not earmark those
taxes to reduce the student loan debt? Or if you're

(01:26:23):
going to tax their endowment, ear mark that money to
lower student loan debt. Again, I don't know the logistics
behind it. I'm you know, I'm sure again you get
somebody from Silicon Valley, they can figure out how to
go about doing that. But that would be the direction
I'm going in. And again, you're going to have to
also force these colleges and universities to boldly display, boldly

(01:26:48):
display if you're offering if you're offering a major and
a certain topic. Okay, you're selling a product in essence
to some kid out there. They should know. They should
know where their graduates are going, where they're getting jobs
with that major, and what what that what that degree
is paying.

Speaker 5 (01:27:09):
I mean, we do it with restaurants.

Speaker 4 (01:27:11):
You may put those letter grades in the windows in
certain places to make sure how.

Speaker 5 (01:27:14):
Clean they are.

Speaker 4 (01:27:15):
We put labels on food telling of us what the
carbs and the protein and the ingredients are. Is it
too much? Ask College Universus said, hey, you know we're
going to offer this major in uh basic basket moving,
leaving or women's studies. Our graduates are doing this after
they graduate with this degree, and they're making this amount
of money. Make it again, you know, go to you

(01:27:38):
know parents and being like, now you're not going to major, Matt,
you get a job with that something something, Because again
we're starting kids off behind the eight ball in life.
I again, I've had countless conversations with my client's children, friends.

(01:28:00):
We've talked about it here on the program. The world
is changing. The world is changing when it comes to degrees.
When it comes to artificial intelligence, you're going to see
major changes in many many industries that are out there

(01:28:21):
today's day and age. It's been this way for some time.
Your ability to educate yourself at a very low cost
using YouTube is is quite frankly, it's it's amazing. You
go to college, okay, and you have to have this
conversation with your with your kids. You go to college,

(01:28:42):
you've got to do you must do a cost benefit analysis.
I'd say, you want, what do you want to be
in life? What are you going to study?

Speaker 5 (01:28:51):
I don't know. I don't know what I want to be.

Speaker 4 (01:28:53):
Okay, Okay, that might fly for you know, a semester,
but you have to find you have to pick some
sort of direction. And quite frankly, if you really don't know,
maybe you should go to a state school and figure
it out and then you know. When you do know,
then if you decide you want to go to a
private school, you can go ahead and you can do that.
State schools are great too, doesn't make any difference. I

(01:29:17):
just can't. I can't understand why parents would allow their kids.
I know, I gotta have the nice sticker from the
very expensive, fancy private school on the back of my car. No,
do you want your kids? If you can afford it, fine,
If you can afford it, fine, But your kid graduating

(01:29:39):
from school six figures in student loan debt. That is
no way to start off life. Life is tough. Life
is tough as it is. You're starting life off with
that type of debt. No, No, this is another great

(01:30:08):
move by the Trump administration. A little bit of news
this past week. They are planning to rescind all Biden
era AI chip curbs and this is part of the
broader effort to revise semiconductor trade restrictions that have drawn
a lot of opposition from tech companies.

Speaker 5 (01:30:28):
Again, they've talked about it.

Speaker 4 (01:30:29):
I mean, there's a massive market out there globally, and
rather than shirk away we always hide a national security whatever.
You know, these countries are going to develop their own industries.
They're going to develop their own if we cut them off.
Why would we do that. Why would we do that,

(01:30:52):
Why would we want to do that. We want to
be the ones that are actually building these chips and
providing these chips.

Speaker 5 (01:31:00):
Another one here, another one here.

Speaker 4 (01:31:02):
I hope Trump doesn't get get pulled into this nonsense.
Gavin Newsom is trying to court Donald Trump. When Donald
Trump made that statement. Again, I was not too happy.
No one of those those socialist statements talking about Hollywood
and Tariff's are on movies. Gavin Newsom wants Trump to
get on board for a seven point five billion dollar

(01:31:23):
tax credit. No, no, now, but we gotta we have
to subsidize making movies here in America. Could be me,
call me crazy. You put crap out ninety nine point
nine percent of the time. Maybe you'd make a little
bit more money if you actually put something out that

(01:31:44):
was decent.

Speaker 1 (01:31:46):
I don't know.

Speaker 4 (01:31:48):
Maybe maybe maybe the actors and actress so maybe they're
gonna have to take a pay cut.

Speaker 5 (01:31:53):
I am, I am, I'm sorry.

Speaker 4 (01:31:55):
I am constantly disappointed by the garbage that Hollywood puts out,
and they're trying to tell us just something wrong with us.
We need to be going to the movie theater more. No,
I'm not going to the movie theater to sit watch
forty five minutes of previews and commercials to watch a

(01:32:17):
movie that's over three hours long. I can't even drink
the soda because I'm gonna have to get up to
go to the bathroom. No thanks, no, how okay? And
I you know, when I can get on my TV.
I get to shut it off and move on to
the next thing. If it stinks seven point five billion
dollar tax, somebody for get out of here. Anyway, we

(01:32:38):
gotta take a break. Watch Dog on Wallstreet dot com.
Watchdog on Wallstreet dot com is our site again. Become
a part of our family, our personal CFO program, our podcast,
our newsletter, Watchdog on Wallstreet dot com or give us
a call eight hundred four seven one fifty nine eighty four.

Speaker 1 (01:33:11):
You should believe in math, not magic. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:33:21):
Welcome back. One of the things that I've noticed, unfortunately
I don't know what it is, it's getting worse instead
of better over the years. It's just guess how people
go about consuming information and news. And I've talked about

(01:33:42):
it here. I said, I've had this program for twenty
five years, but obviously things have changed when it comes
to radio, and obviously had a move not only doing
a radio but doing podcasts on a daily basis, podcasting
this show as well. And I think.

Speaker 5 (01:34:02):
I've explained this before.

Speaker 4 (01:34:04):
When I'm doing a podcast, and obviously to get your
podcasts out there, they have algorithms and you got to
have the right thumbnail, and you've got to have certain
keywords that are put in. And one of the things
they judge you on is how long people listen to
your podcast when they click on it. I actually I

(01:34:26):
actually do two shorts a day too that go on YouTube,
and various radio stations pick them up. People. They like
headlines more than ever. You've got to grab people's attention.
You got to get them in right away because they're
going to be on to this next thing. It's this

(01:34:47):
scrolling mentality. But because of that, quite frankly, again, it
makes my life difficult. And what I've noticed is the
information that I provide here on the program. People will
hear something that I said, and they don't again they
kind of get angry or they don't continue to listen
or get the entire gist.

Speaker 5 (01:35:07):
And I know what's gonna happen.

Speaker 4 (01:35:08):
I know I'm gonna get emails this week talking about,
you know, Donald Trump and being a socialist and it's
tariff things as being socialist, And I know people are
gonna get out of arms. I want you to hear
me out because I think I think we'll think I'm
watching him change and getting away from that. Again, when

(01:35:32):
people hear the word socialists, especially people on the right,
they're thinking of Bernie Sanders, They're thinking of cackling socialists
like Kamala Harris. It's socialism. Has nothing to do with
woke stuff, has nothing to do at all. Okay, socialism,
like I said before, it doesn't mean high taxes, doesn't

(01:35:56):
mean welfare state. Okay, Japan is not socialist, but it
has a massive welfare state. Singapore is super capitalist and
it has a massive welfare state. Again, I talked about
the Scandinavians can talk about Europe and Europe again they're

(01:36:17):
trying to move away from their socialism and they have
been to become more and more like us. They're just
doing it really really slow. Socialism doesn't mean government funded
education and retirement benefits and healthcare subsidies.

Speaker 5 (01:36:33):
That's welfare.

Speaker 4 (01:36:35):
Kevin Williamson had a great peace on this this past week.
What is socialism? Socialism basically a centrally planned economy, one
that is dominated by what the state is doing. What

(01:36:56):
the state is doing doesn't make any do And again,
the thing is that it doesn't have to be state
run enterprise. It doesn't have to be Alatalia or British air,
whatever it may be. Okay, it's dominated by the state.
Williamson puts. Food stamps are welfare. Socialism would mean either

(01:37:19):
state owned farms and grocery stores, but more often than not,
it means the state runs the farms and the grocery
stores as though it actually owned them, setting prices, negotiating
the terms of employment, determining how business is to be done.
A little more of this crop, a little less. That

(01:37:41):
tell me that's not how our government has handled the
auto companies here in the United States, cafe standards, forcing
them to make evs. I can go on and on
and on. Lennon himself described his idea deals society as
one managed as though it were one big factory. Think

(01:38:09):
about that, Think about all of those late nineteenth century
early twentieth century mega capitalist robber barons. Andrew Carnegie himself
would have been thrilled if the government socialized oil, because he.

Speaker 5 (01:38:28):
Would have been the only game in town.

Speaker 4 (01:38:34):
That again, the reason why you had these major companies
during the robber baron era. Again, it was they were
self interested. Okay, they were benefiting themselves. Okay, the state
they know that. The socialists happened to think that, hey,

(01:38:56):
we're going to run this thing because we're so smart,
we're so great. We're going to eliminate We're gonna make
production more efficient, We're gonna eliminate wasteful duplication of work,
and all sorts of other stuff. We're from the government.

Speaker 5 (01:39:07):
We know better.

Speaker 4 (01:39:08):
Look at China. Look what a disaster that is with
their centrally planned economy. And you watch them knock down
all sorts of real estate and buildings that were over built.
You've got uh, you know, electric cars rotting away and
lots as far as the I could see, that's socialism.

Speaker 5 (01:39:29):
Okay.

Speaker 4 (01:39:31):
We have to get away from that.

Speaker 5 (01:39:35):
Okay, and Donald Trump.

Speaker 4 (01:39:36):
Needs to get away from that as well. We can't
go control in factories. We need to let the market
do its magic. Have taken the break. You're listening to
the one, the Only the Watchdog on Wall Street show,
Watchdog on Wallstreet dot Com again, our personal CFO program,

(01:39:57):
our podcast, our newsletter, watch Dog on Walls dot Com.

Speaker 5 (01:40:00):
We'll be back.

Speaker 1 (01:40:14):
Bringing America financial freedom, one listener at a time. You're
listening to the Watchdog on Wall Street with Chris s Markowski.

Speaker 4 (01:40:24):
Running It is the Watchdog on Wall Street Show our podcast,
we just did a segment talked a little bit about
socialism and some of the current tendencies within this administration,
which quite frankly, are not good and hopefully we're moving
away from stepping back from what took place in April.

(01:40:47):
I cover these topics extensively on the podcast podcast their
podcasts and essene individual topics, sometimes five minutes, sometimes thirty minutes,
sometimes fifteen minutes, covering all all of these things. So
I highly suggest you subscribe Watchdog on Wallstreet dot com.
Take you to the right place where you can do that.

(01:41:08):
And I keep missing mentioning as well, especially to all
of our new listeners out there, our personal CFO program
basically working with us at Markowski Investments and all the
service we have and essentially we're a familyoffice for everyone
and we'll.

Speaker 5 (01:41:28):
Go over everything with you.

Speaker 4 (01:41:29):
And one of the things I have to constantly remind
people of again and again and again, you do not
need to be a multi multi, multi multimillionaire to work
with the Markowski family. That's not how we operate, that's
not how we do business. We are completely unique, indifferent
in that regard. Yes, familyoffice, that level of service absolutely

(01:41:51):
but we help everyone out.

Speaker 5 (01:41:53):
We do not show anyone the door.

Speaker 4 (01:41:55):
So again, get to Watchdog on Wallstreet dot com or
give us a call at eight hundred and four to
seven nine eighty four. I want to talk a little
bit about education. We touched on this last week. This
this story I found fascinating high school juniors. Now, high

(01:42:16):
school juniors are being recruited almost like they're you know,
a football star, football or basketball star for college. They
are being recruited as with skill, as skilled workers when
they graduate from high school. And we're talking high paying

(01:42:39):
jobs sixty eight seventy thousand dollars a year. They're being
recruited for jobs as juniors. This is great work. And
again I spent some time on this last week talking
about you know, you know constant talking about bringing manufacturing

(01:43:02):
here to the United States. We don't have the workers
for these jobs I mentioned before. We're talking about the
plane and how when you know Ford, Ford had to
build a school to teach people how to build planes
during World War Two. That's what they had to do.
We have jobs here in the United States, we just

(01:43:24):
need people to fill them. And again I'm going to
give you the interview with Mike rowe that just took place,
and I quote, we've got seven point six million open jobs.
Most of them don't require four year degree four hundred
and eighty Think about that, four hundred and eighty two

(01:43:45):
thousand open jobs in manufacturing right now. We got seven
million men in the prime of their lives not only
not working, but they're not looking four year degrees are
trending down a lot, more interested in electricians and plumbers

(01:44:11):
and steam fitters and welders and pipe fitters. The maritime
industrial base needs to hire one hundred and forty thousand
trades people right now. This is something that we have
to get on immediately, immediately. You also, you could change

(01:44:33):
the game. We're already staying. Colleges and universities starting to
shut down. Maybe they should be offering something else. Why
not turn some of them into trade schools with athletic teams.
What's wrong with that? Nothing? Nothing. I think it would

(01:44:53):
be fantastic. People could go back if they wanted to
learn a different trade. This is the step that we
need to be heading into. This was I'm talking about
education and how things are done here in the United States.
I don't know if it saw this story. I never

(01:45:15):
saw this story. It's a kid from Long Island. Kid
from Long Island, eighteen years old. Okay, he's got a
four point zero gpa thirty four on his act. He
was rejected from fifteen of the eighteen schools he applied to,
including every Ivy League institution. He ended up deciding to

(01:45:36):
go to University of Miami. This is the same kid,
I kid, You not my kid. You not developed a
thirty million dollar healthcare app. Yeah, in high school his
apps were thirty million dollars. I guess you can use

(01:45:57):
your phone to take a picture of food and it
tells you the color or content or something like that.
How do you not want this kid at your school?
How does he not get into an IVY League school
with those grades and with that type of background. It
almost makes me think that they're afraid to have him
there because he's gonna be too smart.

Speaker 5 (01:46:17):
For the professors. Anyway.

Speaker 4 (01:46:20):
Watchdog on Wallstreet dot com, Watchdog on Wall Street dot com,
don't go anywhere, We'll be back by the Queen of Hats.
Every time.

Speaker 1 (01:46:43):
Ticking Wall Streets, liars, crooks and cheets out behind the woodshed.
You're listening to the Watchdog on Wall Street.

Speaker 5 (01:46:54):
I gotta hand it to Robert F. Kennedy Junior.

Speaker 4 (01:46:57):
He gave a master class and taking the liars, the crooks,
the cheats out behind the woodshed. This past week he
was that was one of these congressional hearings where they
had them up there and like usual, the donkeys had
their talking points prepared for them by their their interns

(01:47:19):
and the various different special interests groups. This is that
you got to press him on. And the lobbyists, you know,
they prep prep all of these politicians, not like they
do their own homework by any stretch.

Speaker 5 (01:47:31):
And they tried to take him on, and he made
them look stupid.

Speaker 4 (01:47:40):
He made them look stupid. And what's her name, Delorow
from Connecticut, and he basically called her out. I said,
you've been trying to get food dies out of food
for the past how many decades? I did it in
a hundred days. Why don't you give me a little
bit of credit owning them on everything going off on

(01:48:01):
the NIH and I quote for twenty years because of
utter corruption and fraud, we were directing Alzheimer's research to
one hypothesis and any other hypotheses was shut down. We
should have had a cure for Alzheimer's today, we don't
have it purely because of corruption at NIH and he says,

(01:48:25):
we're going to have it quickly, God willing.

Speaker 5 (01:48:29):
I hope so, I really do. But he again, he
was awesome up there.

Speaker 4 (01:48:34):
Point by point by point, they're trying to challenge him
on all this stuff, and he's like, do you see
you know, the wealthiest nation in the world. Do you
see our statistics as far as health? Again, also getting
to the bottom of the problem. It was one one
politician was like, ah, you know, I forget it was
on coal, rectal cancer and young people, and you're cutting

(01:48:58):
this off here. He's like, wait a second. They said
kids never used to get this years ago. Why why
don't we figure out why they're getting it now and
stop that. Yeah again, I mentioned my father earlier on
in the program talking about work time and effort, the one.

Speaker 5 (01:49:17):
Of the jobs.

Speaker 4 (01:49:18):
I uh, well, I like yardwork, but I'm not a
big fan of pulling weeds, that's for sure.

Speaker 5 (01:49:24):
Oh Dad, always you.

Speaker 4 (01:49:25):
Know, you got to pull them up by the roots
or are they're going to come back? And that's the
same thing when it comes to a problem you got,
you gotta get to the source of that problem. Where
is this coming from? If you want to actually solve it?
And kudos to RFK Junior who was great this past week.
It was funny too, is that Republicans rightfully pulled pulled

(01:49:51):
all of the money from medicaid going to illegal immigrants.
What did Gavin Newsom do right away? Well, he and
his signature policy to provide free healthcare to illegal immigrants.
Why did he pull it? Simple?

Speaker 5 (01:50:08):
It's not getting more fed dollars fed do ups?

Speaker 4 (01:50:13):
Fed money is all right up? All got no more?
What haven't forgot how many billions of dollars California is
in the hole at this point in time. They can't
cover it. One more thing before I go, before we
go to break what is with the Biden obsession? But

(01:50:33):
what what again? One one show after another talking about
Biden and when he was going downhill, we all knew, well,
why do you have to I don't understand the point
even covering this anymore? Anyway, we'll talk a little bit
a bit more of that when we get back. Watchdog
on Wallstreet dot com, Watchdog on Wallstreet dot com, We'll
be back.

Speaker 1 (01:50:57):
You're listening to the watch Dog on Wall Street. This
is the watchdog on Wall Street.

Speaker 5 (01:51:22):
Welcome back.

Speaker 4 (01:51:23):
Yeah, I still get it. I don't get the the
Biden obsession. I every every network out there all on Biden.
He was going downhill? Who knew this? Who knew what.

Speaker 5 (01:51:40):
He's gone?

Speaker 4 (01:51:42):
Yes, you got Jake, Jake Tapper is out there pushing
a book. I don't know how he's still on TV today.

Speaker 5 (01:51:50):
I don't. I don't know how. Scarborough Morning, Joe Joe Scarborough.

Speaker 4 (01:51:54):
I don't. I don't know how they're still on TV.
Remember that rant that he went on kind of dropped
the drop the network f bomb.

Speaker 5 (01:52:01):
He said, f those.

Speaker 4 (01:52:04):
He said what he said was the smartest best Biden intellectually,
at his best that he's ever seen. And they're all
right now saying, oh he didn't know, he didn't know.
Well then, quite frankly, okay, it' it's it's it's one
of these two things. It comes down to, either, Okay,
you're just not that smart and you shouldn't have the

(01:52:26):
job that you're in because you're just not you're not
qualified intellectually to have this position as a journalist, or
you're a liar. It's it's either A or B. That's it.

Speaker 5 (01:52:44):
That that that's again if you're not, you know, bought.

Speaker 4 (01:52:47):
I would have more respect for Jake Tapper if he
came out and said, I'm just doing my job.

Speaker 5 (01:52:53):
I work at CNN.

Speaker 4 (01:52:54):
My job is to defend the President of the United
States and take a certain position. Just come out to
admit that you've got a book you didn't know and
he going You watch Tappert him going off and ridiculing
people that questioned question Joe Biden and how you know,
intellectually sound he was come on anyway, moment on me. Ever, again,

(01:53:20):
I wonder this sometimes, I wonder how certain people in
positions of power in corporate America actually have gotten to
their position. Case in point, Warner Brothers. Warner Brothers back
in twenty twenty two, they needed to quote end quote rebrand.
I wonder if they had some consultant from McKinsey tell

(01:53:41):
them they needed to do that. So they went from
HBO Max streaming service to just Max at a purple
background with the same font as the Max from HBO Max.
Then in twenty twenty four they changed the background color
and gave a different font for the Max, a more

(01:54:03):
masculine font. Twenty twenty five changed the color again this year.
But hey, we're going full circle. HBO Warner Brothers just
announced they're bringing back HBO Max. You know how much
money these executives get paid. It was money, and this
is what they come up with, I mean, honestly, And

(01:54:27):
then you see this one as well. We had a
lot of fun with this when this came out, the
Jaguar ad.

Speaker 5 (01:54:34):
The Jaguar ad.

Speaker 4 (01:54:36):
Yeah, and we it's like it's like a verb, you
bud lighted yourself or so. I mean, it's it's crazy.
They bud lighted themselves with this Jaguar AD. And if
you hadn't seen, I mean, it doesn't make any sense.
There's no car in the ad. It's a freak your
show than the bar on most ice leys from Star Wars.
It's it's crazy. Well, they they fired their ad agency. Really,

(01:55:03):
I got an idea, why don't you get rid of
your your chief executive officer because he's a moron. Okay,
he signed off on this for crying out loud, he's
ultimately responsible. You obviously told the ad agency, hey, do
what you want. It's like a part of like the

(01:55:24):
movie Boomerang, for crying out loud. Honestly, how does how
do you keep your job by almost single hand destroying
your brand? They're gonna have to completely restart. Their name
is mud at this point in time. Give me a
break anyway, Oh look at that? Look at that?

Speaker 5 (01:55:50):
How I won you? Whizz? I'm so shocked.

Speaker 4 (01:55:52):
Here four hundred and nine page study from the Department
of Health and Human Services looking over the evidence about
gender dysphoria among children and the various treatment options. Yeah,
a complete rebuke of the whole woke political and medical

(01:56:15):
conformity that has developed around gender identity, including medical treatments
that are opposed by parents. The evidence shocker here deep
uncertainty about the purported benefits of medical interventions like puberty blockers,
cross sex hormone treatments, and surgeries. The treatments carry risk

(01:56:38):
that include infertility, sexual dysfunction, adverse cognitive impacts, and psychiatric disorders.
What kind of parent, I don't get it allows their
kids to go through with something there's obviously what we

(01:57:00):
with it that munched by proxy syndrome or something like that.
Remember they had that in the sixth sense in the
movie It Blows My mind, well's mind was? There was
an interesting conversation I was listening to a podcast this

(01:57:20):
past week, and the question was why why aren't kids
why aren't kids from the lower classes, kids from the hood,
Why are they not doing all of this transitioning nonsense?
And the answer was genius. They said, well, because the

(01:57:40):
typical demographic for kids that are doing this transition nonsense
and the parents that allow this is upper middle class
white kids of progressive parents. For two reasons, they have
time and money to worry about such things. And I've
been conditioned to believe through critical theory that they are

(01:58:03):
an oppressor and there's no way that they could ever
escape that status. So they see this as a way
to join in a press class for which they are
celebrated instead of condemned. Makes sense to me.

Speaker 5 (01:58:19):
Anyway.

Speaker 4 (01:58:20):
Have a wonderful, wonderful weekend everybody, and again, congratulations to
all the grads out there. God bless you all. Watchdog
on Wallstreet dot com, Watchdog on wallstreet dot com, We'll
see it.

Speaker 1 (01:58:35):
Chris Markowski is the watchdog on Wall Street

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Watchdog on Wall Street: Podcast for Weekend of May 17 - May 18 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 May 17 - May 18 2025