Watchdog on Wall Street: Podcast for Weekend of May 24 - May 25 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, trader.
Chris Markowski is the watchdog on the Wall Street. Do
you want to answer exposing the lies and myths that
the big brokerage firms, the mainstream press, and the government
are pushing to keep Americans away from financial freedom.

Speaker 2 (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 2 (00:35):
Ladies and gentlemen.

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

Speaker 1 (00:40):
This is the watchdog Wall Streets.

Speaker 4 (00:44):
Nowhere to run to, nowhere to hide. We're dealing, uh,
We're dealing with the terrain. We're gonna deal with reality
today here at the Watchdog on Wall Street Show, like
we always do. I was truly hoping that, I'm truly
hoping that we were going to see some sort of
change when it came to a country's fiscal situation. I

(01:11):
believe that again. You heard me just a few months ago,
jumping up and down, excited about what Doege was doing,
what Elon Musk was putting together, highlighting waste, fraud and abuse.
I was excited you had a elected a president that
said he wanted to balance the budget and eliminate deficits.

(01:36):
We didn't get that, but we didn't get that, we
got more of the same. Again, I can complain all
I want here, and again I discussed these various different
topics every single day on our podcast, we talk about
them here on the show, and we're going to continue

(01:57):
to do now. I'm going to continue to point out
economic idiocy every single chance I get, because again, my
hope is is that people will learn. People will learn,
they'll become better voters. Hopefully we'll start putting in better
quality people across the board and we'll move on from that.
But as it stands right now, we don't have that.

(02:19):
So again, what we need to deal with is we
need to deal with terrain. And this is the same
terrain that we've been dealing with since the early parts
of the Bush administration, and quite frankly, it's got progressively
worse since that point in time, and show after show,

(02:43):
year after your decade after decades. A matter of fact,
here on the program, we've been trying to explain the importance,
the importance of starting early, the importance of saving properly,
the importance of owning assets, having your money work for.

(03:05):
You have your money working for. You need to grow
your money very quickly because guess what, the value of
your money is going down and it's continuing to go down.
And I don't see any sort of change stories that

(03:25):
we've seen many of them, you know, year after year,
you know, talking about the youth that was the millennials,
now it's gen Z. We're living in two separate economies.
Americans feel stuck financially. I talked about, you know, mental health,
money worries and mental health with people. Again, I have

(03:47):
to say to everybody out that I've been saying this
to young people. Deal, Okay, you're gonna have to deal complaining.
Complaining is not going to make it any better. Wishing
it's going to go way is not going to make
it any better. Sorry to say, it is what it is.
You're gonna have to embrace our reality, our terrain, embrace

(04:11):
the suck. I don't like it any more than you do.
I don't. I don't like it one bit, But you
know what, you know that you have to in life.
You have to try to say, well, okay, this is
what this is the challenge that's in front of me,

(04:32):
and I am going to overcome that obstacle, and how
are you gonna go about? How are you gonna overcome
these obstacles where the government continues to debase the currency,
continues to print more money, continues to run deficits as
far as the eye can see, thirty six thirty seven
trillion dollars in debt right now, are at one point
five trillion dollars a year in interest payments. What do

(04:53):
you do? You know, it's it's amazing right now. I
mean watching the bond market in the United States. You're
watching the Japanese bond market. They got a mess over there.
You've got CEOs like Jamie Diamond, what's your name? Mom?
Jane Fraser over at City Ray dalyio talking about our

(05:17):
bond market, the precarious position that we are in as
a society. Again, I've been talking about stagflation for a
very long period of time. And this is part of
the problem is when people hear the word stagflation, they
think of the nineteen seventies, they think of Jimmy Carter.
Was there stagflation then, yes, no doubt about it. But

(05:43):
if you actually take a look at the definition of stagflation,
we've been in a stagflationary environment for a very very
long period of time. Stagflation means high inflation. Now we're
told all the time, Oh, look at the th PI,
Look at this number. Oh, inflation has come down. It's

(06:08):
come down. Why would you look at that? Yeah, when
I look at cost of healthcare, the cost of housing
here in the United States, the cost of higher education
here in the United States, the cost of childcare here
in the United States, the cost of cars here in
the United States. And you guys are telling me that

(06:28):
inflation has been tame for an extended period of time.
You're full of it. It's nonsensical. How many years have
we been talking about, you know, basically our little Markowski
inflation index, taking a look at everyday items and how
they continue to go up, and then when inflation comes

(06:50):
down and they're not rising as quickly, everybody pats themselves
on the back like they've done yeomen's work. No, no, no,
these are these are necessities. The prices of these things
need to come down. Oh no, that can't be. That's
that would be deflation. That would be terrible. Oh really, really,
it would be terrible that every day, every day necessities,

(07:14):
things that we have to use every single day. It'd
be sad that those prices came back down to earth.
Another characteristic of stagflation is says stagnant or slow economic growth.
One could one could argue that we've pretty much had
stagnant and slow economic growth for a very very very

(07:39):
long period of time. Oh yeah, yeah, I know. You
know the uh when Obama came in, he and Joe
Biden thought that their American Recovery and Reinvestment Act and
all of their tinkering with the economy in Washington, DC
was going to lead to this this new era of growth,
and it failed miserably, miserably Bush administration, weak economic growth.

(08:07):
One thing that associates people associate stagflation is high employment.
High employment here in the United States. What if we
I'm just throwing this out there, what if we calculated,
what if we threw on the unemployment roles all of
the people out there, able bodied workers that had just said,
you know what, I'm not working, I'm not going to

(08:30):
I'm not even participating in this. They don't count, you
know that. Have we some seven million more men, able
bodied working men onto the unemployment roles. What do you
think the unemployment rate would be. Can you go back
to the nineteen seventies, what led to stagflation? A gee,
I don't know. Vietnam was a part. How about how

(08:53):
about expanding expanding all the social programs in the United
States with the Great Society programs, Nixon and his price
control stuff on, and then price control stuff came off.
How about oil and bargo? A myriad of different things.

(09:14):
My friends, we are in a stagflation environment, when we've
been in a stagflationary environment for a very long period
of time. It's a great piece this past week mention
this gentleman before he run the program. It's a great
Writer's name's Ben Hunt. And again he echoes many of

(09:37):
the things that I've been talking about for a very
long time here on this show, and he basically his opinion.
Maybe how we describe stagflation is a slow in essence,
a slow economic death, economic death by low It's a

(10:02):
slow process rather than a big boom, not a crushing
recession where everybody loses their job and great wailing erupts
all across the lane. It is a long, gray slog
where meager growth feels like death. How many people have

(10:23):
felt that way? Be honest, how many people have felt
that way about the economy for a long time, for decades. Now,
I know I have, and I know you've been listening
to this program for a long time. We've been talking
about this, We felt this way for a long long time.

(10:45):
But what do you do? What do you do? Okay?
You know, everybody feels stretched, without a doubt, nothing, nothing
is getting cheaper. And then every now and then, every
down and then something will pop up and you'll get
hit in the head with some bill that's unexpected, a
new price on something, and you're like, what the how

(11:06):
many people have done that? I can't believe what I
just spent on that? You deal, You handle it, you
handle it, you manage. But wow, okay again, what we're
dealing with is just it's it's the same thing. Okay,

(11:30):
you know again everybody, everybody can putting smiles on your face,
but again, you see how hard it is. Everyone, everyone
out there is bleeding, maybe not bleeding out, but bleeding. Now.

(11:55):
I got a phone call from my mother this most
past weekend was that my brother's my brother, excuse me,
my son's graduation. And you know, she always asking me
my you know, my opinions on things, and what she
thought about Trump's uh travels in the Middle East, and I,
you know, I told her, I thought, I he thought
he did very well there. But yeah, and she's a

(12:19):
massive Trump supporter. She knows how angry I am with
the current situation when it comes to the economy at large.
And you know, I explained her. I said, Mom, I
can deal. Okay, I can deal. Most of my clients
can deal. It's it's not about that. It's about the
people that are going to have that much more of

(12:40):
a difficult time dealing. Again. I had great time, great
time this past week and wonderful experience my son's graduation. Yes,
I got all choked up there, I did. But I
talked to his his teammates, his teammates kids, he you know,
spent the past the four years playing ball with and

(13:02):
having conversations with them about their future. And I told
them I gave me. I said, guys, listen, I said,
you guys are doing great. Okay, you're all you're getting jobs.
You know, you're gonna move on. But what you need
to do, what you need to do immediately. Listen to me. Okay,
guys are getting great salaris all that stuff. But Okay,
you're in New York, you're in Boston. Look at the

(13:24):
taxes you're gonna pay. How much money do you think
you're gonna be able to put away? I said, get
a second job. Get a second job. Avoid I gotta
go out Friday, Saturday and Saint. Get yourself a job,
work at a restaurant, wait tables, bartend, make extra money
and put it away. Because stagflation is not going away.

(13:46):
We don't have a party here in the United States.
That's the slightest bit interested in dealing with it. So
you have to I have to. Our entire philosophy okay
here in regards to saving and building wealth is to
deal with the storms that are out there and the

(14:08):
storms that are out there, the same storms that have
been there for decades. We have a stagflationary environment because
this country cannot live within its means period the end.
So again, do you fight that? How do you fight?
You gonna yell and scream. Yeah, I'll yell and scream here,

(14:28):
but you know you do. You gotta save more. You
need to save more. You need to put more money away.
You have to build wealth up. You have to get
ahead of it. Okay, you have again. There's ways I
talk about this all the time. It's a part of
our personal CFO program. You gotta be able to outrun

(14:53):
the storm. Okay. You gotta be able to do this
deal with the storms that are out there, and in
this case, you gotta outrun this storm. Okay. Can you
outrun a stagflationary storm by being smart and by being
prudent and by building wealth. I'm gonna take a quick

(15:15):
break right here, talk a little bit more about this
when we get back at our personal CFO program again.
I want to invite each and everyone need to become
a part of our family at Markowski Investments. How we've
been a fighting stagflation. How we've been building well for
over three decades. At Markowski Investments website, real simple, get there,

(15:37):
Watchdog on Wallstreet dot com. You sign up for our
personal CFO program and you get with the bloody program
for crying out loud, our podcast, our newsletter, all sorts
of great stuff Watchdog on Wallstreet dot com. Or you
give us a call eight hundred four seven to one
fifty nine eighty four.

Speaker 1 (16:09):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog and Wall Street with Chris Markowski.

Speaker 4 (16:20):
We were talking about it, and it's title of my
book Work, Time and Effort. Okay, there's no other way,
there's no other way to beat that monster called stagflation.
There isn't you want it? You want to sit again,
You want to sit, sit and deal with a slow death.

(16:43):
And we're all losing our buying power and we've been
losing it for a very very long period of time.
What do you do? What do you do? Do you
complain or do you deal? This is this is what
we have have to deal with. So guess what. I'm
gonna save more money, I'm gonna work a little harder.

(17:06):
I'm gonna look to build wealth. I'm gonna look to
build family wealth. Is it last week? Week before? On
the program, we're talking about a lot of young generations
out there, confuse, bewildered, not knowing what to do. Families
have businesses. You gotta find a way. You gotta find
a way to keep that business going. You have to. Yeah,

(17:33):
and it's not for every kid out there. You better
make sure if you're gonna do that, you gotta have
a great succession plan so you can help the next generation.
Because that's that's the only way. People, There's no other way.
Do you understand there's no other way. We are going

(17:54):
to go another twenty trillion dollars in debt by twenty
fifty six, and that does even count the issues that
we're gonna have with Social Security by twenty thirty two.
They're not I'm not even taking that into account at
this point in time. We warned. I warned my generation

(18:17):
Generation X back in the nineteen nineties before I had
a radio show, was jumping up and down about this,
telling my generation that you're not going to get Social Security,
don't plan on getting it. It's going to be cut.
Nothing is going to be done. They tried during the

(18:37):
Bush administration, but they chose instead to continue to bomb
Iraq rather than deal with domestic issues. Same thing, Na,
I don't want to deal with that problem. No, no, no, no,
we're not gonna touch We're not gonna reform any of
these programs nothing. We're not gonna cut We're not gonna
cut spending.

Speaker 1 (18:56):
You know.

Speaker 4 (18:56):
The funny thing is, and we'll talk about this later
on in the programs. Making this point right now, all
we need to do is just to go back to
pre COVID spending and we balance the budget and we're
not capable of doing that. I've explained this before. My job.
One of the great parts of my job is I
get to talk to a lot of people, not about money.

(19:18):
It's not about just the stock market, the markets or
anything like that. I talk about money and you know,
how you go about building a business, how people are
spending it, how they feel. And it's not just here
in the United States. I get to take talk to
people all over the world. For crying out loud, It's

(19:39):
one of the great things about what I do. I
got a great feel of what's going on. People that
are crazy wealthy, people that are not that wealthy. Okay,
what are they doing in the real world. People's consumption
is pretty much the same. They're doing the same, but

(20:00):
they're kind of risk off in a weird way. It's
not like they're selling their stock portfolios, but they're keeping
their powder dry. In fact, they're more apt to invest
more in the markets rather than invest in a new business.
They're scared. They're scared. And this is again we thought

(20:21):
there was gonna be some sort of form. There's not.
Our personal CFO program right there, Watchdog on Wallstreet dot Com.
That's Watchdog on Wallstreet dot Com. We'll be back.

Speaker 1 (20:39):
You're listening to the Watchdog on Wall Street. You miss
that you should be leave in math, not magic. You're

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

Speaker 4 (21:10):
Look back to the Watchdog on Wall Street show. Yes,
we are the longest running financial program in the country.
A twenty fifth anniversary here on the show. And again,
our long time listeners are where people have been following us.
They know the things we've called over the years. And yeah,

(21:33):
the calamities, the panics, all of that stuff. And again
there's a way that you handle those. There's a way
that you handle those, and it's obviously different than your
overall outlook, our overall outlook as far as our economy
here in the United States is. And again I've written constantly,

(21:54):
I can't tell you how many columns about being stuck
in red tape. And you know, we're just in the mudd.
And this is not the United States. It's not the
dynamic growth that we used to have. And we're in
a stagflation area environing. We've talked about inflation and the
lies and the numbers that the government puts out. If
we were to go back to the the same inflation

(22:17):
metrics that Paul Volker used to use, we'd be running
it over ten percent at this point time. It would
have been much higher just a few short years ago.
You're constantly being lied to. You're constant being lied to.
You're told that everything is awesome. It's like that Lego
movie everything is awesome. Really, that does it feel awesome?

(22:43):
You know what you pay for things. You know what
things cost. You pay the bills now, our personal CFO program,
it is. It's about managing. It's about what we do
for our clients. You cannot let risk lead to ruin.
But you need to navigate financial storms, corrections, volatility, and

(23:04):
again there's a way to handle those. But the only
way you deal with stagflation that's not going away, it's
not going away, is you have to outrun it. You
have to outrun. I've been out, I've been out one
other things I used to do a lot of I
haven't done it a long time, and I really got

(23:26):
to get back out there in the waters. I love
to go out deep sea fish into Golf of Mexico.
I love going out getting American red snappers and grouper
and amber jack and fill in my freezers. I can
eat fish every single day. Such a great experience, Okay
for me, I love it. Mom makes lunch for everybody,
and it was just a great time, great time. But

(23:47):
I've been out there, been out there, especially in the summertime.
Storms pop up out of nowhere. And if you're going
to be out seventy eighty miles in Golf of Mexico,
whatever it may be, you better have a boat fast
enough to get out of dodge when a storm comes. Well,
this storm has been coming, been coming, like I said,

(24:09):
for decades, decades, and we have been out running it.
Traditional here. I have a sixty forty portfolio. All that
was garbage. Everything you've been told by the Wizard of
Smart have been wrong. You have to outgrow stagflation. It's

(24:29):
the only way, the only way anyway. Yeah. Again, And people,
you don't get to our website Watchdog on Wallstreet dot com,
sign up for our personal CFO program or podcast, all
sorts of stuff there. I have to talk about this
next story as well. Again, I'm dealing with it right now,

(24:52):
dealing with it right now. It's we are thank god,
I mean we've been expanding. Markowski Investments has been expanding
for a long period of time, but over twenty five
offices around the country and many more coming on board.
And of course we're very very picky in regards to
who we allowed it to join Markowski Investments and who

(25:13):
we on board. But again finding finding people because quite frankly,
there is not enough, not enough people out there to
manage other's money. And again this is where people get into,
you know, kind of do it yourself type of stuff.
We uh, we've been able to handle it. I see
a bunch of questions that I got this past weekend

(25:33):
from the kids, like how do you do this if
clients all over the world, Well, uh yeah, we run
a family office environment and we help everyone out. Okay,
we don't show anybody the door. We're not one of
those firms that says, yeah, you gotta have ten million
dollars to work with Chris Markowski, Mike Markowski, and Matt Markowski.
That's not the type of background that we grew up in. Okay,
I didn't. I didn't. I didn't. I don't play golf,

(25:56):
you know, I couldn't afford skiing growing up or anything
like that. Okay, I'm not. I'm not hanging out of
country clubs over the course of the weekend. I don't
have time for that. I've got children, Okay, well they're
they're not children. Well they're bigger, big children. They'll always
be children to you. Now, I got ball games to
go to. I got kids. I gotta visit in college.
I'm not in the entertainment business. I'm in the wealth

(26:17):
building business, period the end, and that's that's how we
go about doing things. But again, yeah, it's it's tough
out there. It's tough out there because people can't find
competent advisors to help them. Yeah, it's the accounts that
we have perpetually rolling in at Markowski Investments transfers in

(26:40):
I'm looking at portfolios that have done nothing. They haven't
kept up with inflation. And I'm not even talking the
BS inflation that the government is selling you on. Real inflation.
You have to outrun this. You have to outrun this,
and you know, sometimes it's gonna take more than just
market performance. It's gonna also involve you know what, You're

(27:01):
gonna have to put a little more money away, You're
gonna have to work harder and to all you young
people out there, time is your most important asset. The
earlier you start to invest in save, Okay, the better
off you're gonna be the less you have to save.
That's the reality. Gotta take another quick break. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com, our personal

(27:21):
CFO program, our podcast news that are all sorts of
great stuff. Watchdog on Wallstreet dot com, our twenty four
hour Dayhillpotline eight hundred and four seven four see the
curtains hanging in the.

Speaker 1 (27:39):
Wind, bringing America financial freedom one listener at a time.
You're listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (28:04):
Listen. You know, people, it's it's a it's a way
of life. You know, there've been lessons throughout throughout all
of history, going back to the Bible about being prudent,
about working hard Ben Franklin, Early to bed, early to
rise makes a man healthy, wealthy and wise. Delaying, delaying

(28:27):
immediate gratification, putting things off, fasting, all of these things
are are prudent things that will put you on the
right path. And I've talked about this countless times over
the twenty five years here on air and it's it.

(28:48):
You know, people don't want to hear it. Be honest
with you. Like I said, I this program is more
about me coaching people, quite frankly, giving people a bit
of a kick in the butt of what they need
to do. I don't like excuses. I don't like the
Johnny Fontaine, you know from Godfather one, whining, Okay, what
am I gonna do? Godfather? What am I gonna do?

(29:09):
You can act like a man and you deal with
the terrain. If it means getting up earlier in the
morning every single day and not staying up till eleven
o'clock at night watching some garbage on Netflix, you do it.

(29:30):
And you know what, you count yourself blessed that you're
able to do it, because guess what, there's places in
this world. Hell holds in this world where people aren't
capable of working as difficult as it is here. We
are blessed. You know. I see stuff like this, and
I called this one, called this one. We made fun

(29:52):
of this here on the program. I saw this by
now Paynever, Buy now, pay Never is Klarna, and it's
everywhere now Klarna. Pay for it through Klarna. Klarna's losses
doubled doubled year over year. I saw this company. I said,

(30:14):
you've got to be kidding me. Interest free installment loans
for retail purchases here in the United States. Let me
tell you how screwed up this is. Okay, Uh, well,
Klina's already partnered with Walmart eBay, Door Dash, Door Dash.

(30:41):
So what are we doing here? We are we are
basically creating burrito backed securities and this.

Speaker 1 (30:52):
And again.

Speaker 4 (30:53):
More and more Americans are tapping into this buy now
pay letter. But for just daily essentials first clothing, shoes
and accessories, purses, wallets, scarves, and jewelry. That's number one
at forty one. Really, you're you're buying You're buying jewelry,
buy now, pay later. Don't buy the jewelry you can't
afford it. But the two categories that are really growing

(31:18):
groceries take out orders for crying out loud, Really, you're
you're buying that food, buy now, pay later. I'm sorry,
you know what I strongly suggest ramen noodles. Okay, if
you're at that point in time, got to take a break.

(31:39):
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot Com
will be.

Speaker 1 (31:42):
Back taking Wall streets liars, crooks and cheets out behind

(32:04):
the woodshed. You're listening to the watchdog on wall streets.

Speaker 4 (32:11):
Yeah, I went I went ballistic. I went off on
my daughter. It's just a few weeks ago. I took
a look at the credit card bill. I took a
insure of spending and I saw that she was buying groceries.
She's in college, buying groceries on Instacart and using door
dash and I flipped, okay, I flipped on her and

(32:35):
I said, you know, I said that's it. I said,
you're you know, I'm not paying for stuff. If you're
going to do this, you have got to go out there.
You're going to pay the delivery charge for food? Are
you nuts? You have a car, you drive to the
grocery store and you buy your grocery pick it up.
And again she got every excuse, she's a college athlete.

(32:58):
I'm busy. I got class. I got this. I'm busy.
You're not as busy as me. You're not as busy
as me, And I don't do this. Who do you
think you are? And again I was I was ticked.
But this is the same for all of you kids
out there. Have you lost your minds. You're basically flushing

(33:20):
money down the toilet needlessly when you can just go
get the stuff on your own, and you're already in
a hole. I was a couple of weeks ago I
saw the Karna Klarna is now partnered with Gucci. Oh,
so you mean to tell me you can't afford the
Gucci shoes and the Gucci pocketbook and the Gucci belt.
So you're gonna do buy now, pay later, and then

(33:42):
you gotta that's another bill you're gonna have that you're
gonna forget about and put yourself further into a hole.
Nothing wrong with owning those things when you can bloody
afford them. You know you're gonna get to a point
in life. People, if you're smart and you're hey, I
remember the first time I bought my wife a Gucci

(34:05):
pocketbook and all this stuff when I could afford to
do so, not on credit, not on buy now, pay later.
I don't mean to lecture here, but at some point
in time you have to take personal responsibility. And the
reason why I get excited I want to see you
do well. Nothing makes me happier in life than seeing

(34:29):
success and people do well. I mean, that's a business
that I'm in. Do you understand me? But when people
hurt themselves, dig themselves a hole and then keep digging
to get out of that hole, Yeah, I'm gonna get
a little, you know, bent out of shape. I'm gonna argue,

(34:50):
how how many times have I told the story here
in my program? How many times in my career my
brothers and I have had conversations, conversations with young families,
young families that the facade, they're facade. They've got nice cars,
they got nice clothes, or members of the club, whatever

(35:12):
it may be. You know what, they also have seventy
thousand dollars in credit card debt. They're still paying off
their student loans, and they're asking my brothers and I
to try to help build them wealth for the future,
put money away for their kids' college education. They look

(35:35):
wealthy on the surface, but they're living paycheck to paycheck,
and they're unwilling more often than not. And this is
the world that we live in. People have got to
put on airs. I gotta look good. I gotta look
good on the ground. I gotta look good on the
TikTok oh. That's bass in life, it's meaningless. You're putting

(35:59):
needless stress on yourself and your family and your relationships.
By the time I told me, sell the car, sell
the boat, I'm sorry, you can't afford the club. Pay
this down, Pay this down, and then guess what, Then
we can start building wealth. Then you're gonna have the
opportunity to actually feel free. You don't own your stuff.

(36:21):
Your stuff owns you. I don't. And then how do
you go wait with stagflation? How do you outrun stagflation
when you've put yourself in that hole? This is this
is one thing people, I've been doing this for thirty
plus years. This is the one thing that's remained constant.
It never changes. Yeah, it's gotten worse in my opinion,

(36:43):
with social media, without a doubt, but it's there. I
got a flip side of the coin. You've got the
I've got the countless clients out there that busted their butts,
busted their butts in life. I've delayed gratification. Let compounding work.

(37:05):
It's magic building wealth. Was it a week or two ago?
Here on the program, I explained to you, you know,
Warren Buffett just retired ninety six percent of his current
wealth he obtained after the age of sixty five time,
my friends, time, It works every single time. There are

(37:27):
no shortcuts. There's no magic formula. You'll hear commercials on
the radio getting it out of debt. It doesn't work
that way. No shortcuts in life. Everything in life that
has meaning, value and worth involves work, time and effort.
Are we living in a difficult time when it comes
to stagflation and devaluing our currency. Absolutely, But we've been

(37:49):
living it for a while, been living it for a while.
And the sooner you get with the program, the better
off you are going to be working with the right people,
not some local Yoko shlockbroker who has not a clue
what they're doing, that's being told what to do from

(38:11):
his sales manager at the Old Edward Jones or Amorprize.
There are other nonsense out there. They're not gonna help you.
They don't know what they're doing. They got their little
formulas that they put together that works, that they feel
are complyingt and that's it. Are you outgrowing? Is your
money out growing inflation? Are you able to keep ahead?

(38:35):
Ask yourself those questions, because that's what you need to do.
That's what we're here to teach you. That's what we're
all about. That's what we've been doing for thirty plus years.
And again it's for everyone. There's no velvet rope at
Markowski Investments. I don't care if you're just getting started.

(39:00):
I was thrilled. Really, kids coming up, you know, Chris,
you know mister markowskips anything. Where can you help? Can
you help me? Kids graduated from college? I'm like, good,
be smart, be smart, because then what you do in
life is it opens up so many opportunities, opportunities that

(39:20):
are gonna go by the wayside. If you're digging in
a hole. Watchdog on Wallstreet dot com, Watchdog on Wall
street dot com will be back.

Speaker 1 (39:45):
Well known author, investment banker, from super advocate, candalyst, trainer,
Chris Markowski. He's the watch dog on Wall Street exposing
the lines and myths that the big brokery, the mainstream press,
and the government they're pushing to keep Americans away from
financial freedom.

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

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

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

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

Speaker 4 (40:23):
Yes, it is welcome back everybody. Wealk back to the
watchdog on Wall Street show. And one of the things
that take great pride in here at this program, we
take great pride in at Markowski Investments, is that we
are brutally honest here on the show. Brutally honest here

(40:46):
on the show. We will not be bought. We will
not be bought. Oh yeah, various different people, parties and influence.
Oh yeah, they try to get to me. They would
try to get to me, like I said, for twenty
five years. The answer is no, I've said, I mean

(41:06):
a perfect clear I used to be a member of
the Republican Party and so this is like the middle
of the second Bush term, and that was it. That
was it. I said, what what's the point here? I've
always been basically a constitutionalist, a libertarian at heart. But
again I'm gonna sit there, I'm gonna have you lie

(41:29):
to our faces again and again and again. I'm supposed
to go along with it. I can't do that. I
can't do that. And again, you know we have with
right now here in this country, this movement, this Maga
movement that again I never signed up for tea party. Yes,
Tea Party. I was. I was all into that. That

(41:50):
was great, Okay, the MAGA movement. No, did I vote
for Trump two times? Yeah? Yeah I did. Was he
my first choice? Absolutely not? Absolutely not? Was he my
first choice? No way? But yeah I ended up having
a vote for him. You know, I've been a Ron
Paul Ran Paul guy for a long period of time.
And you know, you could throw Thomas Massey into that

(42:12):
mix right now. A shame on, shame on all those
people out there going after guys like Rand Paul and
Thomas Massey for speaking the truth. But that's again, That's
always been the case, hasn't it throughout world history? You know,
we talked about truth and uh punch us pilot around Easter.
What is truth? There's only one type of truth. There's

(42:34):
not there's not multiple types. There's one. And in the
world we live in, it's you know, ah, I will
spin this, will change this, and again it makes me
sick to my stomach, it does. You know, you see
things out there and I want to talk a little
bit about tariffs, tell you a little bit about tariffs
and what's going on and some of the things that

(42:55):
were said this past week that really really bothered me.
First and foremost, you haven't heard much from uh Pete Navarro.
Pete Navarro's kind of reminded me of like H. Fauci
and the first he's got you have Fauci and Burks,
and now you've got Navarro, you got Navarro and Lutnik.
They've kind of taken over the rolls from Fauci and Burks.

(43:17):
They're getting around Trump and they're whispering in his ear.
It's like the devil from Animal House for crying out loud.
But anyway, this is this is an actual post from
from Peter Navarro's past week. Ever, wonder why you don't
see Ford Mustangs, jeep wranglers, or Chevy Silverado's cruising through Paris,
Rome or Berlin. It's not because Europeans don't love American cars.

(43:41):
It's because the European Union rigged the game. Peter, shut up,
shut up. You know, I see I see plenty of
jeep wranglers. You know, I see plenty in Greece. Yeay,
Greek Islands. You're going up the hills, all it's I
see plenty of them there. What you're talking about? Yeah, Peter,

(44:05):
A Chevy Silverado. Yeah that that'll fit real well down
the streets of Rome and Florence for crying, Allen, Oh yeah, sure,
are you kidding me, Peter? You know they pay the
equivalent in most of these European countries about eight dollars
a gallon. Right, you can think they're gonna a lot

(44:27):
a lot of people are gonna be able to afford
a Chevy Silverado. Did you know that the how much
more in taxes and how much more it costs to
register a car with a larger engine in Europe a
ton more. You're just saying stupid nonsense out there. You

(44:50):
don't know what you're talking about. Just shut up, please.
But anyway, anyway, again, Trump and his to get back
to the dolls. And I know we talked about this
last week basically, Okay, we talked about it was a

(45:12):
great move China with China, we blinked with China, we
walked that back. But when Donald Trump, Donald Trump came
out and he said that maybe the children will have
two dollars instead of thirty, and maybe the two dollars
will cost a couple bucks more than they would normally.

(45:35):
So you're trying to suppress consumption here in the United States.
Is that what you're trying to do? And then you
had that, you had that again. He's an economic ignoramus.
But he's got a television show on Fox Business for
what reason. Well, I have gotten I can, I can
assume some things, but I'll keep my mouth shut. Charles Pain. Yeah,

(45:57):
that's what I want. American shouldn't be buying as much.
Who in the world are you to go telling what
Americans should buy and how much they should buy? Are
you kidding me? Have you lost your mind? Like this
is somehow a good thing. You want to suppress economic

(46:19):
activity here in the United States. Listen, okay, you want
to reimpose discipline on the American economy. You know who
really needs to do more with less? That's Washington, DC.

(46:40):
You just handed the Pentagon what another one hundred and
sixty five billion dollars, well over trillion dollars a year
for defense here in the United States. When was the
last time they passed an audit? Oh? Yeah, that's right. Never. Never,
But that's okay. You're just gonna go ahead. You're gonna
hand them more money. This Later on, later on, when

(47:04):
when Trump came out and he talked about Walmart, he
warned Walmart about raising their prices. I said, Walmart said
it was last Thursday or two ago. We will do
our best to keep our prices as low as possible,
but given the magnitude of the tariffs, even at reduced
levels announced this week, we aren't able to absorb all

(47:27):
the pressure, given the reality of narrow retail margins.

Speaker 1 (47:32):
Hm hmm.

Speaker 4 (47:34):
And again, you got to think about Walmart and what
its margins are, three and a half four percent, and
they're gonna they're gonna have to eat a thirty percent
tariff from China because that's where it stands right now,
and they they're not gonna be able to pass that
cost on down to the consumer. Yeah yeah, Donald Trump

(47:55):
warns them, No, you better not. We're watching you. Who
in the world do you think you are? The reason
why they have to raise their prices is because of
your taxes. And again, listen, people, I'm sorry, Okay, okay,
take the red hat off for a second, for a second.

(48:16):
Take it off, okay, and think what a clear head
a tariff is a tax. I'm gonna do this again,
okay last week on the show. Well, for years and
years and years, I've been talking about corporate taxes, and
how there's no such really such thing as a corporate tax.
They call it a corporate tax, both Republicans and Democrats.

(48:38):
And I say, well, corporations have got to pay these
bad corporate They gotta pay their fair share. Corporations derive
all of their money from their customers. The goods and
services that you and I buy every single day, that
pays their corporate tax. You know, it also pays pays tariffs,

(49:00):
pays terrffs. And you know if they had all the magnetimes, well,
you say, look at home Depot said. Home Depot said
that they're not going to be raising their prices because
of tariffs, right, sure, Okay they said that on an
earnings call. Okay, and I'm gonna I'm gonna give you

(49:22):
the benefit of doubt. Let's say they don't raise their prices.
What are they going to do? Where are they going
to come up with the money to pay those tariffs? Oh,
you think that they're going to take an earnings hit,
because guess what if they did, they did, their CEO
would get fired. Because the CEO's job is to what

(49:43):
to act as a fiduciary to his and her shareholders.
That's their job. What they're going to do is they're
going to lay people off, They're gonna cut hours, they're
gonna not spend as much money on advertising and marketing
to make up for all of this. You say, what,

(50:03):
what's good? That's what they should do?

Speaker 1 (50:05):
Oh?

Speaker 4 (50:05):
Really, really, again and again, I love talking about I
love talking to young people, the young people that have
been just entering the job market. Again at my son's graduation,
and the sisters and brothers of a lot of these kids,
they've been in the workforce for a couple of years.
Talk with them. Some are in marketing, advertising, public race relations.

(50:29):
You know what they're saying, relaying people off, relaying people off.
The contracts that we have with man. These are some
big PR companies, major ones are not spending the money
right now, and they're telling us it's because of tariffs.
It's because of tariffs and they have to find cost cards.
So what does that do that forces these advertising, marketing

(50:51):
PR companies to what fire people? Somebody's got to pay.
There's that seeing in the movie Wall Street where Bud Fox,
Bud Fox, you know, he gets screwed over by one
of his clients didn't pay for the options that he ordered,

(51:12):
and then guess what the options went down and guess
what the uh bud Fox and stockbrokers got to pay.
Sales manager comes out. Somebody's got to pay. It ain't
gonna be me. The money has to come from somewhere. Okay,
China doesn't pay to tariff when Walmart or Target Target

(51:34):
and their earnings call, yeah, it's gonna hit us. Okay,
when they're ordering, when they're ordering action figures, okay, they're
ordering the ordering the new Superman action figures for the
coming Christmas season, big Superman movie coming out. Okay. Are

(51:55):
they going to Beijing and talking his easy in ping
and saying we need to order Superman dolls? Or they
go to a factory a business in China and say, hey,
we need to order Superman dolls. And guess what this
is what those tariffs have got to be paid. Who's
gonna pay it? Well, I'm sure maybe you'll be split

(52:19):
some ways, maybe the manufacturer, but it's also going to
be paid for over here because the manufacturing company. Again,
they've got to make money too. This is what happens
when you try to engineer an economy. Now again, Donald Trump,

(52:41):
Donald Trump when he came out. He comes out, and
he's talking about tariffs and saying basically warning Walmart not
to raise their prices. Do you realize just a few
months ago on the campaign trail, he called Kamala Harris
a Marxist communist fascist. Quote called her that because she

(53:02):
made the suggestion stupid suggestion on putting price controls on groceries.
He's doing the same thing that Kamala Harris wanted to do.
Can you get your arms around this without getting angry
with me? Providing you fox and don't say but but

(53:26):
but but but there's no butts. He's doing the same
thing that he called Kamala Harris a communist for any suggestion.
This week, I said, somebody's got to come up with
comrade Trump shirts make him look like Trump, kind of
like those Cha Guavarra shirts with him wearing a beret

(53:47):
with a star on it. For crying out loud, because
he's essentially doing the same thing what I voted for. Again,
do me favor this is what we voted for. No,
you didn't. Okay, nobody voted for this. Okay, nobody voted
for this period the end. If any of this stuff
was suggested on the campaign trail he would have lost. Okay,

(54:13):
I voted for the part where he was gonna get
out of the way, get regulations out of like get
the government out of the private sectors. Like John Galt
from Atlas Shrugged. What should we do? What does he say,
get out of the way, the oh other way. I
don't do business which Chinamane. My clients don't do business

(54:35):
which China. They might do business with some businesses in China, Canada, Mexico,
the European Union. And that's okay, there's nothing wrong with that.
Gotta take a break. Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot com is our site again, inviting each

(54:59):
and every one of you to become a part of
our family, the Watchdog on Wall Street show and Markowski
Investments again, our personal c FO program, our podcast, newsletter,
all sorts of great stuff. Watchdog on Wallstreet dot Com.
We'll be back.

Speaker 1 (55:30):
This is the Watchdog on Wall Street.

Speaker 4 (55:35):
Okay, let me make this perfectly clear, perfectly clear. I
want I want Donald Trump to do well. I want
Donald Trump to do well. You've been listening to this
show and especially after, you know, after he was elected
in the inauguration and the excitement, The excitement that was

(55:57):
just out there was just I was everywhere as far
as business was concerned. That's turned on a dime, people,
it's turned on a dime. And you're gonna be honest
with you. Okay, you're a big supporter of the president.
You want him to do well too. Do you think

(56:19):
it's better that you keep your mouth shut? You're gonna
say you're the close people that you know in life.
You know, you know you have this, and explain this
to you know, teach this to your children, and teach
it to mine. So your true friends in life are
the ones that are gonna call you out. Okay, They're

(56:40):
gonna call you out when you're wrong, when you're making
a mistake. They're not gonna yes you to death. They're
not sick of fans. They're not gonna just keep telling
you how awesome you are and how great you are,
and how wonderful you are, and how omnipotent you are. No, no, no, no,
no no no no. No. True friends, loyal people are
honest in their assessment. And that's that's what the Trump

(57:07):
supporters need to do. And you're seeing more and more
of it. I'm seeing more and more of it. I mean,
I'm getting I'm getting apologies from the nasty emails, and
I don't I don't respond to nasty emails, but people
apologizing because they're starting to wake up to what's going on.
There's gonna be some sort of yeehawk communists for crying

(57:28):
out loud. These are communist principles that they're pitching. I mean,
you can go back and you can take a look.
It's like, yeah, oh my god, Trump is gonna balance
the budget's gonna pay down the debt. Yeah, yeah, We're
gonna balance a bunch of pay down to debt. We're
gonna have so much free money left that they're gonna

(57:49):
send us five thousand dollars doze dividend checks. This was
just a couple months ago. Now what we're being told, Oh, yeah,
the best thing we can do, we report. The best
thing we do we Republicans can do is we're gonna
have deficits even higher than Joe Biden's deficits. How about
another two trillion dollars added to our debt every single year?

(58:10):
And then what did the Trump supporters say? Yeah, yeah,
that's what we voted for. And anybody doesn't vote for
the big beautiful bill is a rhino. Even know what
the word Republican means, what true conservatism means, and it's
a shame. And the math. Republicans are so bad at math,

(58:32):
it's ridiculous. And you're talking budget deficits that you know,
almost three trillion by twenty thirty four. And you know
the funny thing about this bill as well, and again
it doesn't. Yeah, it extends, it extends the tax cuts,

(58:54):
It extends the twenty seventeen tax cuts. But other than that,
there's not really much when it comes to a pro
growth agenda here. Do you e us think about this
for a second, ever, think about this for a second.
You're watching You're watching Republicans right now and the Trump administration,
GOP establishment defending defending Obama era spending policies in programs,

(59:23):
the same spending programs that gave rise to the Tea Party.
What was that fifteen years ago? Yeah, I was there,
I was giving speeches at tea parties. You got Republicans
defending those policies. Yes, it was funny is that you

(59:43):
got all one hundred Republicans vote against the inflation Biden's
Inflation Reduction Act. Now, all of a sudden, they're wanting
to extend. They want to say, oh no, no, no,
no no, don't cut that, don't cut that. No, no,
make it twenty twenty nine, make it twenty twenty eight.
Oh yeah, yeah, oh yeah. You thought you voted against it.

(01:00:05):
Now you've voted against it because it looked good. You
just wanted the money for your district. I want to
take quick break. When I get back, I'm going to
explain to you Washington d C. Inc. And how it works.
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot Com,
don't go anywhere. We'll be back.

Speaker 1 (01:00:36):
The only man who is taking on the Wall Street establishment.
You are listening to the Watchdog on Wall Street with
Chris Markowski.

Speaker 4 (01:00:50):
All right, so again, long time listeners, know my disdain
for Washington d C. And Washington d C. Inc. Here
you have you have an area that country where the
surrounding suburbs or some of the wealthiest suburbs in the
entire country. And I've always said, in amazing they don't
build anything, they don't create, They don't create anything in Washington, DC.

(01:01:13):
Yet wow, look at that. They funnel trillions of dollars
through that city. Every single year, and everybody is like
Don Finucci from Godfather to wedding their beak. But it's
not just that. It's not just that these people in Washington,
d c. Know how to pad their product pockets better
than anybody else. Now again, if something is wasteful, if

(01:01:37):
you have something that's in your household, you know, they
got those little apps out there. It was like rocket money.
You can kind of find out what subscriptions you may
have that you don't know that you're still paying, and
you can get rid of them. If you saw that
you had a bunch of subscriptions to things that you
know you're not using anymore, would you say, you know, no, wait, wait,
you know what I'm gonna do Rather than cut these

(01:01:59):
wasteful things right now, I'm gonna wait until twenty twenty eight,
twenty nine. Why would you do that? Well, essentially, essentially,
that's what Republicans have done. And it's a gimmick. It's
a gimmick because when they put in those cuts, it's

(01:02:20):
part of their how they go about writing the budget
and balancing it. So the Congressional Budget Office Congressional Budget
Office has to score it a certain way, counting those
cuts at that point in time. The problem is you're
never going to see those cuts because they're just going
to extend them like they always do. And again, this

(01:02:41):
is a part of Washington DC Inc. Let me explain
how it works when you have all of these these
delayed cuts coming in to all of these Biden green
energy projects that I thought the Republicans didn't like. I
thought they wanted to get rid of. No no, no,

(01:03:02):
no no no no no no no no. It's money
coming to my state, money coming to my district. Okay,
oh yeah, we'll get rid of it. We'll just get
rid of it later. We're gonna do it later. It's
not gonna happen. See what's gonna happen is lobbyists. Again,
they're living in those nice neighborhoods and around Washington DC.

(01:03:22):
Lobbyists are gonna get all sorts of money from these
various different green energy concerns. They're gonna spend that money.
I'll loss a lot of that money on various different
politicians Washington D C. Inc. And the congressman get rich,
and the politicians get rich, and we the taxpayers. It's rude.

(01:03:46):
That's how it works. That's how it works. It's come
to time, will be twenty twenty eight, and you know
somebody will say, oh, I get rid of this program.
It's gonna take food out of the mouths of women
and children. And don't There'll be a new maybe, there'll
be a new Congress, they'll be a new president, and
they won't go away. They won't go away, and we'll
continue to slip further and further into debt. But don't worry.

(01:04:10):
Don't worry. Your your your favorite politicians that you love
to vote for, that tell you how much they love you.
Ah Uh, they're happy because you know, they're getting paid
from the lobbyists and a lobbyist used to be politicians
that are now working for the lobbying firms, and they
all know one another, and they go out to nice
restaurants and you know, Georgetown District there in Washington, d C.

(01:04:30):
And they're happy. And once again we get screwed as
taxpayers and we're told that this is a big, beautiful bill.
It's a joke. It's a it's an embarrassing joke. It
really is that we can't. You got the House Senate

(01:04:56):
and the Presidency of the Republican Party complains and complaints
and complains when Democrats are spending money, okay, but when
it comes time, when it comes time to cut anything,
what do they do? Nothing? Nothing, Well, they pretend that

(01:05:16):
they're doing something, but they really are doing nothing. But
never fear, Never fear, people. We're gonna have so much
economic growth. Oh, it's gonna take care of all this
wasteful spending. We have so much economic growth. Man, we
are just gonna be booming all anyway. Anyway, now look

(01:05:40):
at the clob. Gotta take a break. You're listening Watchdog
Wall Street Show, Watchdog on Wallstreet dot com. Watchdog on
Wallstreet dot com is our site, come apart, the Watchdog
on Wall Street Family. Take advantage of all the stuff
we have, our personal CFO program, podcast, newsletter, all sorts
of great stuff Watchdog on Wallstreet dot com. Or give

(01:06:01):
us a call eight hundred four to seven one fifty
nine eighty four.

Speaker 1 (01:06:22):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.

Speaker 4 (01:06:34):
Yeah, don't even get me started on the whole state
and local tax credit that they're they're throwing out there.
That's another one as well. Yeah, and I lived, I
lived in New York in twenty seventeen when the first
tax cuts were put forward. And yeah, when they put

(01:06:55):
the ten thousand dollars cap on the state and local
taxes and the deduction, I got smacked upside the head. Ah,
but I got it. I didn't complain. I didn't complain because,
quite frankly, it's not fair. You see sometimes people again

(01:07:17):
you have to look at things. Oh, it's just gonna
benefit me, me myself, and I me myself and I.
Why don't you look about the reality. We live in
a country where you know, if you decide to live
in New York, New York or Massachusetts or Illinois and Jersey,
that's your choice. That was my choice at that point

(01:07:37):
in time. I no longer lived there. Then I said
again again again, it's not fair that the citizens of
Texas or Mississippi or Florida or any other low tax
state that they should have to subsidize my federal taxes.
It's wrong. Would it benefit me, would it have helped

(01:07:59):
me if that didn't go away? Yes, but it's wrong.
It's wrong. I'd rather these Republican congressmen put pressure on
the state government in Albany to reduce the taxes in
that state to get not just the income state income
taxes down or the city income taxes down because you

(01:08:21):
get triple tax if you live in New York City,
but also property taxes as well. Anyway, I got to
talk about I won't mention this as well, because then
I get some some of the MAGO types that you
know again they'd love to send me nasty emails and whatnot. Again,

(01:08:44):
it is what it is. But again, like I said,
this is one one of the individuals who was sending
me nasty emails that since not listening to the show
ever again but yet obviously continues to listen to the show.
Finally got it. This is email he sent me. He said, Yeah,
I got it. Maga's not limited government. MAGA is not
fiscally responsible. MAGA is not conservative. MAGA is control, central

(01:09:05):
planning and authoritarianism. It's closer to lenin than liberty. Right
now it is. Right now, it is. And you want
to save you you're a fan of Donald Trump. You
want to save Donald Trump, you want to save this presidency.
You gotta let them know, Okay, you gotta let them
know that this is not okay, this is not what

(01:09:27):
we're all about now. I want to talk a little
bit about Elon Musk. Past two weeks. Past two weeks Congress.
Congress could have voted on DOSEE cuts. They could have
passed cuts, money that was allocated to USAID, all sorts

(01:09:52):
of stuff that they need. All you needed only fifty
one votes in the Senate to get these cuts through,
simple majority. Already in the House of Representatives. Know what.
They didn't do it. They didn't do it. Story came
out this past week. Elon Musk said he would significantly

(01:10:15):
pull back from political spending in the future, a likely
blow to US President Donald Trump and Republicans ahead of
the twenty twenty six midterm elections. I'm gonna do a
lot less in the future. Must set. At a discussion
at the Qatar Economic Forum, asked why I was shifting
his approach, he said, I think I've done enough. Think
I've done enough. I couldn't feel any worse for that guy.

(01:10:42):
You think about what he did again, damaged his company,
damaged his company's brand, media going out there creating narratives
calling him a Nazi for what for what? It's like
no good deed goes unpunished. You do all this work

(01:11:04):
put all this work in and what do you get
out of it? Nothing? Gotta take a break. Watchdog on
Wallstreet dot Com. Watchdog on Wallstreet dot Com, We show Return.

Speaker 1 (01:11:19):
Chris Markowski is the Watchdog on Wall Street bringing America

(01:11:39):
financial freedom. One listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.

Speaker 4 (01:11:49):
I think those has come up with about one hundred
and seventy billion dollars and cuts. And again there's also
got a lot of activist judges that are out there
and political pushback as well in regards to what he
was done. And he was being interviewed at this Guitar
Economic Form and he said what I've been saying, and

(01:12:12):
they kept calling Musk a fascist. Hey the fastest, Hey's
a dictator. Again, you don't even know what those words
people saying things. It's just brutal to me. It's a fascist.
He can identify cuts, he can point out waste, fraud
and abuse, but he can't make it happen. He can't

(01:12:36):
make it happen. Musk said himself, he said, he said
it's up to Congress to make it happen. And I
quote the ability of Doge to operate as a function
of whether the government and this includes Congress, is willing
to take our advice. We are not the dictators of

(01:12:58):
the government. We are are the advisors, and so we
can we can advise, and the progress we've made thus far,
I think is incredible. Those team has done incredible work.
But the magnitude of the savings is proportioned. It does
the support we get from Congress and from the executive
branch of government in general. So we're not the dictators.
We're all the advisors. But thus far, for advisors, we've

(01:13:20):
been able to the been to the George team if
their credit has made incredible progress. But again, you know,
part of the reason is is that Congress. Congress knows
that our economy and Republicans know this. Republicans know that
a lot of our lot of GDP number is tied

(01:13:45):
it's tied to government spending, and they're worried about optics.
They're worried about the optics of maybe all these government
cuts will put the put the economy into a recession,
and they don't want to deal with that. Again, they're
not very good leaders, are they. They're not very good leaders.
What have we said about recessions. Recessions are sometimes necessary.

(01:14:12):
You want to get stronger in a recession. We're talking
about being anti fragile and getting through a recession, coming
out on the other side better and stronger than you
were before. But it's Congress again. Our deal with that.
I don't make those cuts. That the money's coming to
my district. Oh so and so writes me a nice

(01:14:33):
check every single year. And as excited I was from
the beginning, I kind of I knew in the back
of my mind. I knew in the back of my
mind that these people weren't gonna do anything. They're gonna
do the usual. They're gonna punt punt on the entire thing.
It's like they always did. Yeah, same thing, same thing

(01:14:56):
as tea party. Now no tea party. We got raw
and and going and all sorts of stuff. And the
politicians wanted didn't want to get involved, or they wanted
to get involved. We wouldn't let them get involved. And
eventually they weaseled their way in and they watered the
damn thing down, and really not much got done. I
remember again, this was remember the remember the battle back

(01:15:19):
and forth between Barack Obama and John Bayner on spending
at the time, and again media played a part in
that and shutting the government down and uh, senior citizens
are not going to get their checks and all the lines,
remember Simpson Bulls right, they're supposed to sit down there.
They came up with all of these cuts, all of

(01:15:40):
these things, and it was going to be pain on
both sides of the aisle, but it was necessary. What
did they do nothing? Nothing, Both Republicans and Democrats, both
of them, both of them unwilling to follow through with
what was necessary. Couldn't take the heat, didn't want to

(01:16:03):
deal with pain. Right anyway, We're gonna talk a little
bit about the Moody's downgrade of US credit. All of
the rating agencies quite frankly, are our jokes as far
as I'm concerned. Let's take take you back to the
financial crisis. Prior to the financial crisis, they allowed for

(01:16:23):
Moody's and S and P to become publicly traded. They
became businesses and business in the sense that it was
paid to play. So you know, Wall Street was able
to take all of their garbage, all their garbage mortgages
out there, pile them all together, pile them all together,
and then call up Moodies and said we need a

(01:16:44):
rating on this security. And as long as they paid
Moodies and S and P it was triple A. Away
we go. So basically they put they put a bow,
They put a bow and a nice box and they
you know, inside that box was a steaming pile of

(01:17:05):
bull excrement. Okay, So Moody's decided to come out and
downgrade at triple A to one to AA one and
citing decades of rising deficits and interests costs, this ends
a perfect rating streak held since nineteen seventeen. Again, aren't

(01:17:29):
they a little late to this? Well, honestly, guys, what's
changed at all? You should have put this rating on
twenty years ago. Twenty years ago. If they were honest,
they should have downgraded. Man, going back, going back to
the beginning of the show today, when we discussed this
nowhere to run to, nowhere to hide that that's where

(01:17:52):
we're at when it comes to bonds, that's where it's at.
I mean, where where did we're the we're the safe
assets at this point in time. Again, we're supposed to
be risk free. Japan is supposed to be risk free.
Everyone's like looking around at each other. Right now, now

(01:18:14):
what now what? And I have proposed this before here
on the program. It's almost as if the United States
is too big to fail. Now again, there's been a
lot of unloading of our debt, without a doubt there is.
But we're still the world's reserve currency and it's still used.

(01:18:40):
But again, at some point in time, people like I said,
it starts to break. It starts to break. You know what,
people stop buying our debt. Guess what. The rates are
gonna go up. It's either that or the Fed's gonna
step in and start buying those bonds, which is gonna
be what printing more money out of thin air, which
is what inflationary? Watchdog on Wallstreet dot com, watchdog on

(01:19:04):
wallstreet dot com will be back here.

Speaker 1 (01:19:08):
You're listening to the watchdog on Wall Street. Well, no
one altered. Investment banker, consumer advocate, analyst, trainer Chris Markowski

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

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

Speaker 1 (01:19:47):
Bringing America the truth about what really happens in the financial.

Speaker 3 (01:19:51):
World, ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality, this is.

Speaker 1 (01:19:57):
The watchdog on Wall Street.

Speaker 4 (01:20:02):
They cover up again. This is this is a big
teachable moment for for everyone, for for the entire country
at this point in time. And you're you're watching what
we're witnessing the media basically covering for themselves, and it's

(01:20:27):
it's it's embarrassing, it really is. It's embarrassing. It's almost
like a bad movie for crying out loud. It's it
really is. But I'm gonna be honest with you, it's
our fault. It's our fault that Biden happened. It's our
fault that the media is what it is. It's quite frankly,

(01:20:52):
what we deserve. Donald Trump issued issued a defense of
Joe Biden, and he wasn't wrong. He wasn't wrong. You
know during the you know, during the Biden presidency, through
the Biden president, during the the you know, the campaign

(01:21:15):
he's running against Donald Trump. I mean, I I saw it.
You saw it. We all knew. I had family people
that were affected by Parkinson's and you could see, you
could see what was going on. You could see that
it was obviously, you know, very much diminished capacity right

(01:21:38):
before our very eyes. And I said him the program here,
I said, I can't go ripping in to an old guy.
And this was years ago. I ripped into his wife.
I ripped into his wife, saying that this is ridiculous,
this is elder abuse. We questioned, we kept questioned him

(01:21:59):
from day. I'm saying, who is running the country, who
is behind this guy? And we still don't know, still
don't know. We could speculate. I'm saying it was the
Obama people been running the country, but it most certainly
wasn't him. But again, you know, this is some of

(01:22:22):
the things that Trump had to say. Said that Joe Biden,
that everybody knew, would never allow drug dealers, gang members,
and the mentally insane to come into our country totally
unchecked and unvetted. All anyone has to do is look
up his record. Joe Biden was not for open borders.
He never talked about open borders where criminals of all kinds, shapes,

(01:22:42):
and sizes can flow into our country at will. It
was not Biden's idea to open the border and almost
destroy our country, and he went off and blamed the
people that knew he was cognitively impaired and took over
the auto pen. Again it was you know, people, I

(01:23:02):
was on Fox Business, Fox Business, and again I'm being
brutally honest, going against the tide there. Everyone's like, you
gotta impeach my Arcis. You gotta impeach my Arcis. And
I'm like, okay, fine, impeach him. Then what He's just
gonna be replaced by someone that's gonna be another order taker.
He just does what he's told by whoever is running

(01:23:23):
the country at that point in time. Donald Trump went on,
he said, they stole the president of the United States
and put us in great danger. This is treason at
the highest level. They did it to destroy our country.
And again Trump's calling for severe punishment for anyone to

(01:23:45):
be found to be involved. Again, James Comer confirmed that
he's tried to subpoena three key White House aides during
the Biden administration over the use of the auto but
the Biden obstructed the committee's investigation and didn't make the
aids available. We're gonna see, We're gonna see what happens

(01:24:11):
with this moving forward. But you think about our country
right now, it's it's like Game of Thrones DC, you know,
you know, like they have those shows on What's It
on Bravo though, the Real Housewives of Miami and Jersey
and all these other places. It's like Game of Thrones Washington,

(01:24:33):
d C. And it's it's our fault. It's our fault.
We're the ones that watch, you know, ridiculous people, ridiculous
people as you know that that basically passing themselves off

(01:24:57):
as commentators for crying out loud, people that are supposedly
looking out journalists. There's no journalism. It's non existent. It's
not existent. You've got your you got your left wing journalism,
and you've got your right wing. For the most part,
at News Nation, I think is doing a pretty good
job at this point in time, but it's hard to find.

(01:25:18):
You've got influencers on social media pushing their agenda. Got
to manipulate those algorithms, get as many likes as you
possibly can, and we'll just push out as much propaganda
as possible. Sorry, no, Tim Russert, no Walter Cronkite, they
don't exist anymore. I had to watch I want to

(01:25:40):
I had to watch Joe Scarborough this past week with
Mark Halpern, who's being by Mark Halpern basically defend his
comments about how this is the greatest Biden mentally intuity
strategically that he's ever seen in fifty years, and the
excrement excuse that he came up with, how is it

(01:26:03):
that he's still on air? How is he still on air?
Jake Tapper, Well, Jake Tapper's on a whirlwind book tour
for crying Allen John Stewart making fun of Jake Tapper
and his book that he has been promoing left, right
and all over the place. You didn't know? And there again,

(01:26:28):
I'm gonna explain about that. There's no way that they
didn't know. It's just not possible. These people all swim
in the same circles. They all know one another. They're
all a bunch of gossips. Trust me, I've been around them.
I've bet at their events. I've broadcast this show from inaugurations,

(01:26:49):
from radio rows, at conventions back in the day. I
know how these people operate. Okay, they all new. And
again we were making the weekend at Bernie's jokes and
other people were as well. But again we've allowed this happen.

(01:27:11):
What does this say about our country and where we're
at and how we go about operating that does it? Again?
It's a constitutional crisis. Quite frankly, if you ask me,
if the guy wasn't competent and he was having somebody
else sign off on everything, isn't everything that he signed

(01:27:36):
off on null and void? And his wife for crying
out loud? You want to talk about a whole another
level of evil doing this to your husband somebody who's obviously,

(01:27:56):
you know, in having a difficult time, is in direst
rates and allowing this to happen again, Like I said,
it's out. It's a game of thrones DC. Hey, you
know the funny things is you know again? It was
actually an interesting piece this past week was in the
New York Times and the story say it writes. In

(01:28:20):
the summer of nineteen seventy three, in a thick of
Watergate Center, Howard Baker of Tennessee posted a memorable question
about Richard Nixon, What did the president know? When did
he know it? And the answer turned out to be,
to put it charitably, quite a lot. And early on
after every presidential election, journalists rushed to write books on
the campaign that was covering primaries and conventions, voters and polls, strategies,

(01:28:42):
and infighting. But the books about the twenty twenty four
race also prompt a new variation on Baker's question, what
did the Democrats know about Joe Biden's physical and mental decline?
And when did they know it? And if historical appropriation
permits a corollary, Once they knew, why didn't more of

(01:29:04):
them speak out about it? Any answer to the first
question appears to be they knew quite a lot, and
early on answer to the second little more complicated mix
of denial, partisanship, political calculation, and the peculiar blindness that
results from family lore and political mythology. Yeah, some of that,

(01:29:33):
And quite frankly, it's just about looking out for themselves
and power power, and sometimes you're gonna be forced to
do things and do them doing the right thing in life.
By doing the right thing in life that doesn't advance
your career, you get to that crossroads, you know, should

(01:29:57):
I temptation, should I advance my career and do something
underhanded or lie, or should I be honest and true
to who I am doing the right thing? And these again,
this world that these people live in they will find
a way to justify it in their minds that it

(01:30:19):
doesn't matter. They will And I've talked about this before
you talk again, we talk about truth being politicians licensed
to lie, license to make things up. If you feel
like that you are on the right team and your
team is pushing that right agenda, that right ideology, whatever
it may be, you know, feel free to lie as

(01:30:40):
much as you want, make stuff up as much as
you want. So it's okay. It's okay because again you're
on the right team. You're supposed to be able to
do that. But no, you're not that there's more important
things that are out there. And now again we're presented
present with the story Joe Biden has now he's got

(01:31:06):
prostate cancer. It's mistasticized and saying that he may have
had it for ten years. Now ten years, And I
get it. They say, well, you know, you don't take
as many PSA tests when you're over seventy years old.
I mean I take one every four or five months.
Regular bood work being done. You tell me, he's got

(01:31:31):
this guy's president, the United States vice president, then president
of the United States. He's got access to some of
the best doctors in the entire world, and they didn't know.
They didn't know. It just doesn't sound the slightest bit
fishy to you. I know, healthcare has gone straight into
the toilet here in the United States since Obamacare, but

(01:31:55):
come on, man, president, they't know. So again, the only
thing I can think of, and I don't like feeling
this way. How is that again? I've got it. My
bull excrement meter is one of the best out there,
and my longtime listeners know that we spot it, we

(01:32:16):
call it. So basically, what they were trying to do,
it's got to be one or two things. They're trying
to get him to hold on to win the election.
He can bow out early on saying that he's got
cancer and yay, look at this. He's a true hero.
And he also just made they'd write books about it

(01:32:38):
how heroic it was. And now Kamala Harris is going
to be the first woman president of the United States
or or they're just making it up now again, I
don't know. I don't know. But do you trust anything
that you're being told? Do you believe anything that they're

(01:32:59):
telling you? I don't, I don't. But if you didn't,
you didn't have your arms that. Come on, You didn't
realize that the Obama deep state, whoever it is, people
behind us, ses, whatever you want to call it, were
running the country for all of this time. Of course
they were. Of course there were people willingly decide to

(01:33:22):
bury their heads in the sand. They willingly decide to
do that. Okay, but again, this is our fault. This
is our fault. Why because we joined teams. We joined teams,
We joined the elephants, we joined the donkeys. We watch

(01:33:43):
programs that feed well tell us what we want to hear.
The algorithms on social media are designed to feed you propaganda,
stuff that you want to hear. You need to be
a critical thinker. We've allowed this to happen in to
our country, and we're the only ones that are able
to fix it. It's just that simple. Gotta take a break.

(01:34:10):
Watch Dog on Wallstreet dot com. Watchdog on Wallstreet dot
com is our site again. I invite each and every
one of you become a part of our family at
the Watchdog and Wall Street Show. Markowski Investments, sign up
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(01:34:35):
Watchdog on Wallstreet dot Com. We have our podcast there
as well. Take advantage. We'll be back.

Speaker 1 (01:34:56):
Taking Wall Streets liars, crooks, and cheeks out behind the woodshed.
You're listening to the Watchdog on Wall Street.

Speaker 4 (01:35:07):
And hey, you think about it for a second. Jake Tapper,
Jake Tapper makes millions of dollars, millions of dollars working
at CNN, makes well millions dollars working at CNN. He
is going to make millions of dollars on his book book.
He wrote a book. He lied on CNN, knowingly lied

(01:35:31):
on CNN. Writes a book about everything that took place,
his sources, all it stuff, He had those sources at
that point in time. And he's going to get millions
of dollars off that he's he doing. He's doing the
various different shows right now, doing the circuit, and he's
got a program line that he's using. He keeps saying,

(01:35:53):
keeps saying over and over and over again. It's like
one of those dollars you pull a string in the back.
Looking back, I have humility about my coverage. So basically
what happened was is he obviously hired hired, you know,
book pr people he's got a PR firm that's working
for him and giving him responses to questions that he

(01:36:17):
knew he was going to get. They knew he was
going to get again, we made that possible. We made
Jake Taper possible, Sean I, how do you watch? How
do you watch programs like this when you know you've
been lied to? What's the point? There is no one,

(01:36:38):
like I said, you know, shut the television off, pick
a book's people. They're much better places to get information
out there. I've talked about this month or two ago
here on the program, various different newspaper got a lot
of global papers out there. You've got to go to.
You gotta put a little work in, Okay, got to
put a little work in if you want to get

(01:36:59):
to the bottom of things. But again, if you just
want to remain in your comfort zone and just be
be told what you want to hear again and again
and again, well I can't help you. I can't because
you can't be that way. Again. You got to take
the red hat off, you gotta take the blue hat off.

(01:37:21):
And again you got to be a true American out
there that wants the country to be a better place.
You know, one of the things we talked about earlier
in the program. You know, this ridiculous Build Back Better
bill and all of this government spending and Republicans not
doing their job and lying to us again. And I

(01:37:42):
remember talking about this. I remember talking about this quite frankly.
You know what I just popped into my mind. I
had just put my son down. Okay, I had built
an extra radio studio in my queen's apartment in New
New York City. So this had to be two thousand
and two, two thousand and two, because I remember this,

(01:38:07):
and then going on air and talking about government spending
and the fact that you know, I want my kids,
I want to leave my kids a world that is
better than the one that I came into. And you
got all of these people jumping up and down right now,

(01:38:27):
going you know, we got to spend more. I'm like,
aren't you embarrassed? Aren't you ashamed that you're doing this
to your kids and your grandkids? How do you live
with yourself by doing that? We're supposed to be working together.
Do you understand who's raking it in? Yeah, people get

(01:38:50):
mad eyes, but millionaires and billionaires out there. You're getting
mad at people that open up and run businesses, But
you're not getting mad. Add at the millionaires out there
that just go on TV and lie to you and
give you propaganda day in day out that don't make
any sense to me. At some point in time, people,

(01:39:15):
some point in time, you're gonna have to come together.
Can you have to? You're got it. You're gonna have
to look at things through an honest lens, not through
a red colored lens or a blue colored lens. What's
best for the country, what's best for our future, what's
best for our kids, what's best for our grand kids?

(01:39:39):
Stop saying what am I gonna get? What am I
gonna have? What is gonna be provided for me? That that,
my friends, that has to go away? What do we say?
Wee can week out here on the program Build, Create, Protect, Teach,

(01:39:59):
watch the Wall Street dot Com. We'll be back.

Speaker 1 (01:40:17):
This is the watchdog on Wall Street.

Speaker 4 (01:40:30):
I'd see. I'm waiting. I'm waiting for all the uh,
all the uh you know, the mega influencers out there,
the Charlie Kirk's of the world, and the many other ones.
Because again it's funny they're kind of picking and choosing
what they're trying to defend at this point in time,
because it's you can't you know, even then they're logical,
they can't defend the indefensible. But again, they make their

(01:40:52):
living based upon their followers and being influencers. How do
you defend this? How do you defend the fact that
construction construction on the Empire Wind project off the coast
of New York is going to resume? Defend that, Hey,

(01:41:18):
we covered this here on the program. Off the coast
of New Jersey, Long Island. We were seeing, you know,
mammals die. And let me tell you something. The water
is clean. Okay, the water has been cleaned up big time.
I don't know if it's taking a look at the
size the great white sharks off of Montauka and Cape

(01:41:38):
Cod at this point in time. They're there because guess
what food source there? And the water's clean. But again,
the Trump administration halted this project. This is a project
that Biden rushed the approval through without any sort of
analysis whatsoever? Was it? Again? What Biden was Biden's people,

(01:42:01):
and Biden's people most certainly collected their vig and pushing
this through and here we go, here we go. They
decided to restart this project. Now again, I want to
remind you what Donald Trump said. Okay, he said about

(01:42:23):
offshore wind projects. This is what this is what I
voted for. He promised to end on day one. This
first wave of executive orders included a pause for federal
permits and leasing for wind projects on land and see
and I'm again I'm going to quote Donald Trump. We

(01:42:44):
aren't going to do the win thing again. He was
twirling his finger in a circle to indicate the rotation
of turbine blade, big ugly windmills. They ruin your neighborhood. Yeah, yeah, again.

(01:43:04):
I guess. I guess the companies that were involved obviously
started cutting some checks and put some pressure. Maybe some
of the labor unions out there said hey, you know what,
we want these jobs. And it looks like they're going
to continue on again. I'm pulling my hair out, you know,

(01:43:27):
because it's funny. It's funny. We made fun you know,
we made fun of Spain, made fun of Spain. You know,
them touting, touting all, you know, the wonders of their
renewables and they're going one hundred percent renewables and you know,
electricity gets cut off. Germany, Germany Manufacturing economy decides to
shut off its nuclear power plants and again loses tons

(01:43:50):
of its manufacturing. Very expensive to do business. Right there,
Guess what they're doing in Europe. They're waking up to
the fact that yeah, yeah, that whole renewable thing, the
whole wind thing, the whole solar thing, it's not working out.
So Denmark is now gonna look to turn back on
it's nuclear plants, putting new ones up. Belgium, Germany, Germany

(01:44:13):
is recalibrating its energy stance. Why are we going to
now do what they were doing? Why? Why? Well, the
only reason why is again somebody is getting paid. And
this is this happens throughout anything in an economy. When

(01:44:34):
you get politicians involved, when you get politicians involved and
picking and choosing winners and losers, it will fail. But
again they make money on this stuff. They invest in
these things. You know, it's brought to my attention. They reinstated,
they reinstated Pete Rose so he would be to baseball,

(01:44:56):
and he died, and I was. He was a favorite
PLA player of mine when I was younger, because again
I just loved the way he played the game and
how hard he played and busted his butt the entire time,
and he got again. He got kicked out of baseball
for betting on baseball. He never bet against his team,
I think, if I'm correct, he did bet that his

(01:45:17):
team was going to win. But you weren't allowed to
do that. This is baseball, Baseball, I can get thrown out.
He had a lot of sports. You can't gamble, Okay,
And again I get it. I understand there's you know
it shouldn't be allowed, but we allow people in Washington,
d C. To do the same thing in essence, make

(01:45:38):
investments in certain ways, and they have control over what's
going on. You gotta think about it. How screwed up
that really is? Anyway, I gotta mention this. This is
out of the my state, the state of Florida. Again,

(01:45:58):
they're trying right now, darnas thought. The media out there
is really trying to take down Ron DeSantis again, the
most successful governors I've ever seen. I don't know if
you realize this, but Miami Dade County has recently flipped Republican. Okay,
this used to be the most purple of purple states.
It's not any longer. And you can you can give

(01:46:21):
it to Ron DeSantis quite frankly, but you might be
familiar with the ambulance chasing lawyer. He's everywhere, He's got
billboards everywhere. John Morgan, Morgan and Morgan for the people. Yeah,
he's a big, big lib again, he's a tort attorney's
an ambulance chaser, of course he is. I think Charlie

(01:46:44):
christ who was a former Republican turned Independent turned Democrat,
I think works for him at this point in time.
But John Morgan is actually now proposing that in the
state of Florida they start a new party, getting ready
cleared the Democrat part Party of Florida dead. But he
called for a new party while at the same time

(01:47:06):
praising socialism, saying there's nothing wrong with the concept of
socialism and socialism has a lot of good things. Well,
you know, I guess you know. We got both parties
right now acting like socialists. Yeah again, I got I can.
I gotta come up with another paper investing in the

(01:47:27):
era of socialism. Man, We'll figure it out. At Markowski Investments,
we always do. Watchdog on Wallstreet dot com. Watchdog on
Wallstreet dot Com is our site again. Become part of
the Watchdog on Wall Street family. Take advantage of all
the stuff we have on our site, our personal CFO program, podcast, newsletter.

(01:47:47):
You name it Watchdog on Wallstreet dot com or give
us call it eight hundred four seven one fifty nine
eighty four climbed above the Dream.

Speaker 1 (01:47:56):
Were the only man who is taking on the Wall
Street establishments. You're listening to The Watchdog and Wall Street
with Chris Markowski.

Speaker 4 (01:48:19):
Again, I know it's about not a matter of if matter.
You gotta get the the emails and the phone calls.
People upset because you're criticizing their guy. You had noticed.
I criticize both sides today like I always do. I
criticize both sides when Republicans hold the presidency. I criticize

(01:48:41):
both sides when Democrats hold the presidency. Again, we try
to differentiate ourselves from everybody else out there. You know,
believe you me, Okay, believe you me. I could be
a contributor at a major network and get paid a
lot of money to basically push a line. But again,
I didn't have an ethical bypass at birth, and I

(01:49:03):
would never do that in a million years. Would never
do it in a million years. Not who I am,
not who anybody should be I'm gonna go on and
act like some sort of actor pushing pushing an agenda. There,
you know, I gotta fill a roll there. No, no,

(01:49:24):
I won't do that. And again, I'm sorry, folks, but
this is wrong. This, this, this meme coin thing that
Donald Trump is doing right now is wrong. Holding this, uh,
this dinner with people that have bought your meme coin

(01:49:46):
is a really bad look. It is a really bad
if if Joe Biden came out with a Biden coin
and invited the largest holders of that coin to come
to the White House, you'd be up in arms, okay,

(01:50:07):
and rightfully so. Everybody was up in arms when we
saw how the lousy hunter Biden artwork and what it
was being sold at. We all knew that it was
a money laundering operation and we were outraged by it,
and rightfully so. So you have to be fair, Okay,

(01:50:29):
you have to be fair. This is not okay. Pushing
meme coins your president of the United States not okay.
Allowing access to people based upon how many meme coins
that they own, not oh kay. Watchdog on Wallstreet dot com,
watchdog on Wallstreet dot com. We'll be back.

Speaker 1 (01:50:52):
See Chris Morkowski is the watchto you should believe in math,

(01:51:19):
not magic. You're listening to The Watchdog in Wall Street
with Chris Markowski.

Speaker 4 (01:51:26):
Here's a pretty good yacht rock concert coming around my
neck in the woods. I am gonna see. It's so
many things going on at this time of year. Go
to my daughter, she's in the final four, and college graduates,
all sorts of weddings that go to. But yeah, Toto,
men at work and Christopher Cross. Okay, that's a yacht

(01:51:50):
rock extravaganza. I gotta see. You know, some people like
yacht rock, some people don't like it. I kind of
grew up with that type of music. Can I enjoy it?
But anyway, welcome back to The Watchdog on Wall Street
Show again. I'm I'm thrilled, I'm honored them, I'm thrilled.
I'm humbled, quite frankly, at how well my book's doing.

(01:52:13):
I don't have a pr guy. I haven't spent any
time marketing the book. You know, I'm not Jake Tapper,
not gonna be holding it up and doing it every
single day. I mentioned it from time to time. Again,
I whenever I think of people marketing books, I always
think of what about Bob there where Richard Dreyfus's character

(01:52:35):
The Shrink's got a whole bookshelf of his book behind them.
But anyway, now that's not what it is, and it's
not what it's all about. It's not an investing book.
I mentioned this. I wrote kind of an investing book,
and this is you know, over ten years ago, and
I was like, nah, nah, it's nothing really anything new here.

(01:52:57):
I don't we don't do anything new because there really
isn't anything new when it comes to proper portfolio management
and investing. So I kind of scrapped that. And you know,
this idea came in my head last summer. I said,
you know, I got sick and tired of seeing that.
You know, I can't make it. World is going to end.

(01:53:18):
Woe is Me started calling the Wall Street Journal the
Woe Street Journal, And I said, no, I'm going to
write stories about my people. My people, the people I
work with, meaning my clients, my clients, my partners, entrepreneurs,
entrepreneurs in the truest sense of the word. Again, I

(01:53:41):
love entrepreneurs. There's a great line by again one of
my heroes, Nasa Nicholas Talib. He said, practically any CEO
who quote rose through the ranks, is competent at being
an actor, no exception, entrepreneur or nothing, damn straight entrepreneur

(01:54:05):
or nothing. What do we talk about? Build, create, protect,
and teach? And that's what my book is about work
time and effort. It's been great, and people been buying
up bulk books and giving them away at graduations. You know,
put a check in there. You know Italians stick getting

(01:54:27):
an envelope. Now you stick it in a book. And
it's great because it's all about these success stories, small
business owners, people who came to this country from all
over the world, built great lives. And again good check
it out on Amazon and you can get it there.
You know what, you know, we'll probably do it again today.
I don't even mention that, you know, you sign up

(01:54:47):
for our podcast or our personal CFO program. We're getting
books out to many of those people as well. So again,
sign up for our something at our website. Again. I
got a whole bunch of them there that I like
to give away every single week. I want to talk
about this again. This Sky is a rising star in
the Democrat Party. You know again, it's like this guy

(01:55:09):
an AOK, no joke, that's those are their front runners
for the presidency. Right know, that's how bad. That's how
bad the Democrats are at this point in time. That's
this is what we're looking at people. I mean, you go,
you know, I'm a history buff. You take a look
at the founders and the people that built this country
and the type of quality. Then this is this is
the leadership right now of the Democrats. Is Wes Moore

(01:55:33):
an aok? Well, Wes Moore backed away. He put his
finger in the air like most politicians did, and he
saw which way the wind was blowing. He vetoed a
bill creating a commission to study slavery reparations. Uh huh
uh huh oh yeah, yeah, yeah, he was. He was
for this before and he's taken a lot of flak

(01:55:56):
from the left. But again, uh right now, right again.
It was a Colooney just came out and endorsed this
guy in that interview that he did. He is a
nation's only black governor, and he said, well company his decision.
He said that in a statement, he said that reparations
have already been researched to exhaustion. He said, I will

(01:56:19):
always protect and defend the full history of African Americans
in our state and country. But in the light of
the many important studies that have taken place on this
issue in nearly three decades, now is a time to
focus on the work itself. Then you have both Gavin
Newsom and Kathy hokeel there in New York backing the

(01:56:40):
Creations of Reparations Task Force. Again. He he obviously wants
to be president. Okay, Colony Clooney gave him as gave
him the thumb up, and he obviously saw what the pandering,
the racial pandering did to Kamala Harris Ben. You've also
got to Elizabeth Warren Corey Booker out there when they

(01:57:03):
were running for the presidency vocally supporting compensating black descendants
of slaves. Wes Moore is obviously a smart enough politician
that he wants no part of that at this point
and time again. And he's got black lawmakers out there
portraying the governor as a sellout, sellout. Come on people

(01:57:27):
at some point in time, some point in time again,
going to have to you know, get through all of
this nonsense. Really do I mean, it's it's patently absurd,
really is again, I'm gonna be kow kudos to Donald
trumpets again. I know I talked about this last week.
Last week, like I said, i'm I'm I call it
like I see it. Okay, his foreign policy, and I

(01:57:49):
know he's having a difficult time right now with Russia
and Ukraine, but at least he's trying trying to hell
of a lot harder than the previous administration. And let's
be honest, we all know that Joe Biden was not
going to be able to hold negotiations and talk this
stuff down. We all know that, okay, But again, a
more of a foreign policy stressing America's economic interests, which

(01:58:14):
he's been doing and I hope he continues to do,
is the best way to handle foreign policy. Again, leading
by example being that Shining City, do business, don't drop bombs.
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot com.
God bless everybody, We'll see you next week.

Speaker 1 (01:58:35):
You're listening to the Watchdog on Wall Street

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