Watchdog on Wall Street: Podcast for Weekend of August 9 - August 10 2025 - Watchdog on Wall Street with Chris Markowski

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

(00:29):
the true proof bringing America the truth about what really
happens in the financial world.

Speaker 2 (00:35):
Ladies and gentlemen, We're on here to indulge in fantasy,
but in political and economic reality.

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

Speaker 3 (00:44):
All right, are you ready? Yeah, we're gonna do some uh,
let me do some financial self defense self defense. Here.
I was sitting back and I was thinking, I do
my early morning thoughts with Chris Markowski, you know, three
four o'clock in the morning every day, and you know, again,

(01:06):
I go through all of the ripoffs and the scams,
and I kind of I watch watch what Wall Street
is doing, watch what they're up to, what they're planning,
what they're plotting for the future again in this grand
game of demonic musical chairs. And I thinking about it,
I said, you know, I live in the state of Florida,

(01:27):
and to carry state and I'm a big guy when
it comes to advocacy of people understanding and how to
use firearms to protect themselves. And it's amazing how you
know people will do that. They will go out and
they will protect themselves. To put an alarm on your house,
to protect your house, might have a dog, have a gun,

(01:48):
all sorts of good stuff, you know, to protect yourself.
But it's amazing to me how people just stay they
don't arm themselves properly when it comes to protecting their finances.
And I'm not talking about all that crap that's being
sold your LifeLock this, and there's some protect your identity
and homelock and all out of the crap. Okay, I'm

(02:10):
just talking about true financial self defense, which quite frankly
is knowledge understanding money, understanding money, understanding how money works,
understanding man understanding human nature. Let me tell you a
bit of story. This is again this back in the

(02:33):
nineteen nineties, nineteen nineties. I'm out a watering hole in Manhattan,
and I happened to see I happened to see the
lawyer for many of the boiler room firms in New
York City. Now, back in the nineteen nineties, my brothers
and I were working very very hard to clean up

(02:55):
Wall Street, going after the boiler room operators. We had
our account repair contacting the clients of those firms and
basically explaining to them what was going to happen to them.
And you know, there's accounts were down, how to rebuild them?
All all of this stuff. And I knew exactly how
these firms worked. Yeah, the Jordan belfour Wolf on Wall Street.

(03:16):
We went after them and all the others that were
just like them. And I saw their lawyer, so the lawyer,
and again I wanted to beat the guy up. I
knew who the guy was. Again, I'm not a violent guy,
and I didn't do that, but we kind of went
at it in a debate at this watering hole. And

(03:38):
his thing is like, you know, why do you how
do you know all these companies are garbage? How do
you know maybe they'll be great, maybe it'll be awesome.
Who am I to say? We are not breaking any laws,
We're not breaking any rules by this. People have a
choice whether they or not to invest in these things.
And he again he presented a very coosient argument he

(04:06):
wasn't wrong in regards to people having a choice and
whether or not to invest in these things. That was
a line, you know, he said, you know, we can't
rip anybody off unless they're greedy. It's just that simple.
And that stuck with me. Stuck with me, and I

(04:27):
always talk about how greed and fear set the trap
for investors. Here's something that everybody really needs to understand.
Just because just because it's legal doesn't make it ethical,
doesn't make it ethical. Most people in this country, most

(04:51):
people in this country are again my experience, my experience,
my clients, the people who listen to this show that
that sent me the emails of the people that have
subscribed to our news. Of the people that I run into,
quite frankly, are god fearing, good people, good people. They
wouldn't take anyone they wouldn't rip anyone off. Yeah, occasionally

(05:14):
you get the crook out there. It's amazing to me
at how you know money. I guess Wall Street is
like a bright light to all of the people who've
had ethical bypasses at birth. For like moths that are
attracted to it. And these people they find every way, shape,
matter of form, finding ways of justifying their evil deeds

(05:39):
in their minds. And again it's it's part of the program. Okay,
it's almost like you want to think about it's almost
like a bit of a brainwashing program at many of
these big investment firms. You happen to get a job
at one of these big investment firms, they're crushing you.
But I mean crushing you your first your first couple
years there, You're working well over one hundred hours a week.

(06:03):
They are beating you up. They're making it very, very hard.
It's like pledging a fraternity, except harder, way harder, for
an extended period of time. Now you get to that
point in time where your your big investment firm pledging
is over. You've been beat up, but you got through it.
You're in. You're in. You got through that culling process.

(06:28):
You're gonna throw that all away by having ethics, by
questioning what your superiors are doing. Now they beat that
at you. They beat that at you. They really do.
And this is again, this is part of the problem.
Is one of the reasons why I left. Okay, it

(06:49):
didn't sit well with my family, my brothers and I
and we left all of this nonsense. Problem is is
that for most Americans, most Americans have little they've got
enough financial knowledge to be dangerous, quite frankly, and you

(07:10):
know the business news networks, they don't help. They don't help.
I've been railing about this for years here on the
program for the life of Me. For the life of Me,
I don't understand why they don't have classes and every
every high school across the country teaching people how the

(07:30):
financial markets work, teaching kids about compounding and how it
can work for you and how it can work against you.
I have asked, I will do it for free. I
will do it for free. I will prepare classes videos
for these kids to have. I'll go into classrooms. I

(07:51):
know others in my industry that will do it as well.
I was thinking about it, I said, but you know,
back we had to take this was in junior high,
junior eye. We had to take home economics at they
call it's home economics, and they made us do stuff
like sewing pillows and making like Christmas decorations with sewing machines,

(08:16):
and then we'd go in and we'd have again. It
was you know, it was like a blowoff class for
crying out loud. Then we were making cookies and I'm
thinking about this, that's home economics. No true home economics
is understanding how to balance the books of one's household.
It's a hell of a lot more important than only
got to use a sewing machine and making a Christmas

(08:37):
pillow and cookies for crying out. Lot are YouTube videos
for that. They didn't have YouTube videos back then. But I'm
just saying people don't know, they don't know how to
defend themselves. And I know I can sometimes break things down.
I try to break things. I try to make things

(08:59):
as simple as possible as I can. Here on the program.
The fact that everything in life that has meaning, value
and worth involves work, time, and effort. There are no shortcuts.
There are no shortcuts. Everyone's going to tell you they

(09:22):
have one. Everyone's going to promise you the sun and
the moon and the stars. It's always something new and shiny,
new and shiny. How you get to dom Draper talked
about that man man new new and new, It improved, new,
It improved algorithm new, it improved investment strategy. You know
how many people, how many people send me emails and

(09:47):
message you know how you know how many private equity
funds get in contact with me telling me they figured
it all out. They they've got it down. You know
how many years I've been de with this nonsense again.
Back in the day. Back in the day, they'd have
we'd get various different industry conferences for registered investment advisors,

(10:10):
and sometimes I'd be you know, asked to speak at
these various different things. And then they would have like
a whole major rooms set up with all of these
wizards of smart and selling their funds, and they'd have
their little chuch keys that they were given away there.
My kids were young back then, I used to send
them around with like a bag. It was like they
were trick or treating for like garbage that these funds

(10:31):
are trying to get. I've told you here before, I
would never have to pay for a vacation in my
entire life if I didn't want to. These guys will
fly me all over the place because they want me
to put you into their crap. I just know better.
This week, this week, I'm not I'm not a fan

(10:53):
of this. Quite frankly, we're going through it. The President
signed an executive order, an executive order which is going
to allow for calling alternative investments into retirement vehicles. I'm
trying to I haven't broken down the real estate aspect

(11:14):
as of yet, but they are opening the door for
private equity cryptocurrencies to go into four oh one K plans.
What could possibly go wrong? People new to this program.

(11:35):
I've done a lot in my career and the earlier
parts of my career, I was on the investment banking side,
and there was rules back then. Back then get involved
at various different investment bank heals, not so much the
IPOs to such a degree. And again, it was better
back in the nineteen nineties. I'm talking about private placements.

(11:58):
Some of the earlier rounds of financing, you happen to
be what was known as an accredited investor, and the
same thing holds true today for private equity. In order
to get involved in private equity, you have to be
an accredited investor, and you have certain things, have to
have a certain financial knowledge, what they say, certain amount
of assets that you have outside of your home, these

(12:21):
various different things. For all intents and purposes, they are
doing away with that and they are going to open
up private equity to the masses. I see what they're
up to. I am aware of what is going to

(12:42):
happen next. Again, I've been doing this for a very
long period of time, and I got you're new to
this program, Go right ahead, all right, you want to
talk about transparency, just go go go to our Go
to my website, Go back and take a look at
our columns, go to go to our podcast page, the

(13:05):
shows that we've put up there. I'm even thinking about
getting all of my shows digitally put up there that I
have on CDs, because I've been, you know, obviously doing
the show since two thousand and all of the calls
that we made, even calls that we made back in
the nineteen nineties, from Enron to the death of the
dot coms we called the Great Recession. We told you
what was gonna happen with real estate, what was gonna

(13:26):
happen with these markets. Everything was laid out for you. Well,
I'm going to tell you what's going to happen next
with the private equity and all this other stuff. When
we get back. Got to take a quick break. You
are listening to the Watchdog on Wall Street Show again.
Become a part of our family. Get to our website,

(13:47):
Watchdog on Wallstreet dot com, Watchdog on Wallstreet dot com,
Sign up for our personal c f all program, Protect
your Self, Financial self Defence, Watchdog at Wallstreet dot com,
our podcast, our newsletter, all sorts of great stuff. Watchdog
at wallstreet dot com. Or give us a call eight
hundred four seven one eight four.

Speaker 1 (14:28):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog and Wall Street with Chris Markowski.

Speaker 3 (14:38):
I don't get it, Chris, I don't you know. I
don't get it. Why is it all of a sudden
costs my veterinarian costs so much? Oh my god, the field.
I used to go to that food truck over there,
and now it costs a fortune for my my tacos.
For crying out loud. Yeah, yeah, that's that's private equity,

(15:00):
my friends. Private you know, black Rock right now in
this country owns over one point five million homes. One
point five million homes the first half of twenty twenty five,
investors accounted for about thirty percent of single family home purchases.

(15:24):
Why am I telling you this? And we're going to
get into real estate a little bit later on in
the program again today private equity, private equity has it's
it's become bigger. It's become bigger than the financial markets
in many respects, in many respects, and it's quite powerful.

(15:45):
People are asking me right now because if you take
a look at inventory numbers around the country when it
comes to real estate, more and more really inventory hitting
the market, more and more hitting it. Oh my god,
are we going to have a two thousand and eight,
two thousand and nine type of situation? We're not. Let
me tell you why we're not. Two thousand and eight
two thousand and nine. It was mom and pop out

(16:07):
there with a couple bucks buying pre construction condos multiple
because they were allowing people to buy homes with little
to nothing down many people going out and buying homes
that they shouldn't have. Rates got adjusted and they were
foreclosed on. These homes are bought and paid for cash.

(16:27):
I've watched it happen all over the country, entire neighborhoods
being bought up by private equity. And that's the case.
It almost acts like a monopoly to some degree, and
they can keep the prices a foot. We'll put that aside.
One of the things about private equity is they need

(16:47):
to eventually get liquid. They need to eventually get the
big guys out. Now, if you don't think if you
don't think that they are targeting, they aren't targeting the
masses right now with this private equity in four one case,
you're crazy, because they are. They are. You are the

(17:14):
greater fool when it comes to this. Yeah, I mentioned
the veterinary clinic, and I mentioned the food truck. I
told you the story. But guy you know south of
where I live here is sold his HVAC company for
thirty million dollars and he knews there's no way you
gonna make money on this. You say to yourself, well,
how is that possible? Let me explain it this way

(17:34):
in front of me. Right here, I have a pen. Okay,
I'm holding a pen. Private equity says, you know what,
I'm gonna buy that pen for a million dollars. So
why would they do that? Well, private equity puts that
pen in their portfolio and they put a valuation on
that pen. They bought it for a million. All of
a sudden, they say, no, no, no, it's it's it's increased

(17:56):
in value. It's worth one point one million. Who's to
tell them it's not. They paid for it. They're saying
it's worth one point one million. There's no active market
for this pen, so they price it at one point
one million, and the people who buy into the private
equity fund that have to pay the management fees over
the course here a percentage of the increase in the valuation.

(18:20):
They don't know any better, and they can hold on
to whether it be a pen, whether it be an
HVACT business, whether it be homes. They can hold on
to them for a period of time and collect their fees. Eventually, though,
eventually investors want to get liquid, they want to get out,

(18:42):
and they now have to, you know, get some of
these investors out. They got to find someone to buy
that one point one million dollar pen. Who's gonna who's
that going to be? Do you think it's going to
be smart money? It's case it'd be the big guys.
Or do you think it's going to be you? It's
gonna be you. It's always going to be you. You listen,

(19:06):
I don't know. Maybe I got some guys who listening
to this program, some billionaires, some one hundred million dollars.
Those guys listen, they don't. They're gonna be fine. They're
gonna get out, they're gonna get liquid. Okay, you're the
one that's going to buy this overpriced junk. How do
you know this, Chris Well, I tell you first and foremost,

(19:26):
I get offers on a daily basis to buy Markowski
investments and the numbers are obscene, obscene, I mean crazy money,
generational wealth for what we do. And I know what
the multiples actually are. I'm talking a normal multiple would

(19:51):
be in Harvey and I'll tell you gonna be normally
three times. I'm getting offers upwards of ten times. That's insane.
And I'm saying to myself, well, you know what's gonna
happen here. They're gonna have to start uh ripping off
my clients. They're gonna have to start overcharging people. They're
gonna have to start doing all sorts of god awful

(20:12):
things to make this work. I won't do that. This
is what you're dealing with when it comes to private equity.
More on this when we get back. Don't go anywhere.
You are listening to the Watchdog on Wall Street Show.
Sign up for our personal c FO program. Become a
part of our family Watchdog on Wallstreet dot com, watch

(20:36):
Dog and Wallstreet dot Com. We'll be back.

Speaker 1 (20:39):
You're listening to the Watchdog on Wall Street. You should

(21:00):
believe in math, not magic. You're listening to the watchdog
in Wall Street with Chris Markowski.

Speaker 3 (21:11):
Welcome back. What happens? People pay close attention because I'm
gonna be honest with you as well. For certain clients
of ours we hold some private equity. There are there
are some good guys that are out there, and what happens. Inevitably,

(21:34):
what happens, And it's it's gross. It shouldn't doesn't have
to be this way, it really doesn't. But again I
guess it's it's human nature. It's those people that have
had the ethical bypass at birth, the people that have
got to have it all and they got to have
it now, and they end up breaking things, and they
end up hurting people, and they end up pulling everyone backwards.

(21:54):
When all is said done, the idea in of itself, privately,
in itself, it's not a bad idea. If you're paying
you're paying proper prices, normal valuations for companies, You're you're
doing the right thing. Over time, you're pricing them properly.

(22:17):
Nu it's not getting rich quick, it's getting rich slowly
the right way. Again, everything in life that has meaning,
value and worth involves work, time and effort. I watched,
I watched the same thing happen. Like I said, go

(22:39):
back to the nineteen nineties when I would get, you know,
one business plan, one prospectus after another on my desk.
Nobody cared. Stock Market is going up. Party on Wayne,
party on Guard. It was just a massive party, ce
NBC on every television all across the country. Every pizza
parlor in New York, every gym out there, any ceo

(23:01):
ceo with a goatee and a foosball table in the
breakroom and a dot com attach the company's name they
were getting financing. I'm looking at these companies. They are
absolute dog poop. I could calculate almost to the week
when they were gonna go out of business just based

(23:21):
upon their burn rate. Shut up, Chris, this is what
I hear. Shut up, Chris, what do you care? What
do you care? Your it's not your responsibilities. People want
to buy these things. We're just providing that to them.
And you know, my mind, I'm thinking to myself, I'm saying, yeah, basically,
would you give crack cocaine to a crack at it

(23:44):
because they want it? You're gonna give alcohol to an
alcoholic because they want it. Wall Street will, they will,
And again they don't even have a conscience about it.
They don't care. They don't care. That's the difference as
who we are and what we've built. Any others they

(24:08):
don't care. And again I'm gonna be honest with you.
Even even their clients, some of that, there are top clients.
They don't care. They know what they're doing, they know
they're selling their crap to you. It doesn't have to
be this way again, Adam My believe Adam Smith capitalism.

(24:28):
Two people sitting down at the table, both can walk
away happy, and it's good for everyone. The wealthier the
country becomes, the better off it's gonna be. You don't
have to get over on people to build wealth. We're
proof of that. It's not necessary. But that's that's what happens.

(24:54):
And you see it in everything. I see it. I've
seen it. We've talked about annuities, we've talked about in
sh Arns products here on the pro real estate and
what they were doing in a lead up to the
Great Recession, one thing after another, one big game again
of demonic musical chairs, with you being the target. The

(25:16):
greater fool and if people actually had a little bit
of financial self defense, a little bit of knowledge, and
if you're able to guard guard against those greed buttons
fear as well, you'll be fine. You're gonna be Okay.

(25:41):
What's our personal CFO program? What is it all about.
It's about dealing with the downturns and the market, the
issues that you're gonna have that inevitably are gonna come
navigating all of that, not again being one of the
greater fools out there. Oh my god, look at the
markets in April. Oh my god, everything's taken so all

(26:05):
so all freak out or oh my god, look at this.
Everyone's getting involved in these disrupt their companies. I'm gonna
buy Peloton ay an exercise bike when an i'd pay attach. No,
don't do that, You're going to lose. Do things the

(26:27):
right way. I'm gonna take a break right here and
again I'll let to get into what we do and
the advice that we offer to help get you out
of these situations when we get back, and we're also
going to talk about that rocket. Oh yeah, the Pigma
ipl We're going to talk about that as well. It's

(26:48):
another classic example of greater fools. Watchdog on Wall Street
dot com is our site. Watchdog on Wall Street dot Com.
Become a part of our family, the Markowski Investments family,
personal CFO program, our podcast, our newsletter Watchdog at wallstreet
dot com. Or give us a call eight hundred four
seven one fifty nine eighty four if you just don't know.

Speaker 1 (27:26):
Bringing America financial freedom one listener at a time. You're
listening to the Watchdog on Wall Street with Chris Markowski.

Speaker 3 (27:36):
Welcome back. Yeah again, the uh my interns are gone.
I missed them already. They were great kids. It was
great to have him to the program last week and
they u again it's great to bring uh bring some
young blood in there and offer x offer some advice
and reaching out to people. And they kind of put
me on their social media platforms. But again, you know,

(27:56):
it's time consuming and you get a lot of questions
and kids asking as you get involved, do you have
fig my IPO? We have Markowski Investments. We are blackballed
from IPOs. That's right. We have been black We were
black baldybed over twenty years ago. Yeah, they have lists
out there. Do not give any IPO shares to the

(28:20):
Markowski brothers. Why, well, we sell, we sell the directive
from the big firms out there. We're all gonna give
you these shares. It's gonna be a hot epo. But
you gotta hold on to that. We don't watch you
selling right away. And I'm saying myself, wait a second, Okay,
I'm gonna put my clients in a stock at let's say,
thirty dollars in an ipo, and it's gonna double on

(28:42):
the first day, and I'm not gonna take a profit.
Why I was laughing because again people don't even understand.
They're like, oh my god, that figma ipo, what a
great success. It went public at thirty three dollars a share.
It went to one hundred and forty two. That very Hey,
that's a good deal. That is COO of that company.

(29:05):
I'd be a little bit ticked off, right, I'd be
a little pittick too, if you like. Why would he
be kicked off? Well, wait a second, he's selling part
of his company. The banks told him to sell at
thirty three dollars a share. People were willing to pay, oh,
one hundred forty two dollars a share. I would you
be mad at your real estate agent? If they told
you to sell your house for one hundred thousand dollars

(29:27):
and you sold it and the very next day that
person who bought it sold it for three four hundred
thousand dollars, Yeah, you'd be pretty ticked off. But there's
there's more to it than that. Me show you how
the sausage is made. Okay. Basically, the CEO in this situation,

(29:50):
he gets paid more money if the share price trades
above a certain amount over a period of time. Wall
Street want to keep the price up because then they
can get more of their big investors out Sigma. It's
pretty neat company. I'm not going to explain exactly what
it does. But you want to see where the money went?

(30:12):
Oh yeah, yeah, they're IPO thirty three dollars a share
raised one point two billion dollars. How much did the
company get? The company itself got about one third of
the proceeds, four hundred and eleven million dollars. Where did
where did the money go? Where'd the rest of it go? Oh? Oh,

(30:35):
it went to existing shareholders. That's right. All of the people,
all the people that are initially found put money into
the company. They're getting liquid. They are selling their holdings
to you, and they were happy to sell out at
thirty three dollars a share, and many people were happy

(31:01):
to go and pay over a hundred dollars a year
for this thing that very day. Why would you do that? Why? Well?
Do do that? It makes absolutely no sense. What's I
don't know where the stock is now? Eighty two eighty three?
Who knows? Who knows? Again? Need help? Want advice again? Listen,

(31:25):
We're here for people. Get to our website, Watchdog Wallstreet
dot com. Sign up for our personal CFO program Watchdog
on wallstreet dot com. We'll be back.

Speaker 1 (31:41):
Chris Markowski is the Watchdog of Wall Street, taking Wall

(32:02):
Streets liars, crooks, and cheets out behind the woodshed. You're
listening to the Watchdog on Wall Streets.

Speaker 3 (32:12):
Listen. You know I'm not doing this show. I'm not
doing this show to scare people when it comes to investing.
I'm not, never have. But we started this program to,
you know, basically, try to protect people from all the
crooks that are out. Like I said, financial self defense,

(32:35):
you can't people, Okay, at some point in time, I
know I've talked about this before here on the program.
At some point in time, you have to own everything
in life. Let me tell you something. It's it's truly liberating. Okay.
You want to really kind of free yourself, free yourself.

(32:59):
And again, this is my opinion, you become you truly
become an adult when you own everything anything that happens
to you, good or bad. You're not looking to play blame.
You're not looking to anything else. You said, you know what,
I should have known better. That's that's when you stop
being a victim and when you own everything. And again,

(33:24):
people can do horrible, horrible things. I get that, but
you own it saying you know what, maybe I should
have thought about this a little bit more. Then you
can fix the problem rather than stew and get angry
at somebody else. Let me get angry. Okay. That's that's
what I do here. This program is not to scare you. Okay,

(33:45):
when I when I talk about getting rich slow, it's
not even that slow. You know. You think about this,
and I talk about the inflation here, we've talked about
it at length, and the fact that we've been lied
to for decades. We haven't lied to you, Okay, We've
been honest with you when it comes to the true
inflation numbers and the nature of our stagflationary economy which

(34:10):
we have today. They'll deny it up down all over
the place, but that's what we've had for a very
long period of time, and the need you have to invest,
you have to have your money working for you. Actually
went back to went back fifty years, about fifty years.
We actually went back in nineteen seventy four, and since

(34:33):
that point in time you've lost about if you had
a dollar here you to do this way. If you
had one hundred thousand dollars one hundred thousand dollars nineteen
seventy four, and you didn't do a damn thing with it,
you're gonna do a damn thing with it. And I
still to this day, still in this day, I find
it hilarious. You got people like proud, oh lie, yeah,
I don't invest in the line noise, you don't keep

(34:54):
it in my cure, Just keep it safe, put it
my safe, Okay, brilliant move. You might as well the
same says, why why don't you use your money and
stick it in your your your solo stove and set
it on fire because you're one hundred thousand dollars in
nineteen seventy four is worth of around twenty thousand dollars today.

(35:16):
That's the type of buying power that you lost. But
if you took that one hundred thousand dollars in nineteen
seventy four and you just put it in an S
and P five hundred index fund, you you just invest
the S and P five hundred nineteen seventy four, and
you forgot about it. Fifty years later, it's worth fifteen million,

(35:43):
three hundred and forty seven dollars and one hundred and
ninety one, one hundred ninety one dollars. Fifteen million, three
hundred and forty seven hundred ninety one dollars, that's what
it's worth. That's that's why you do things the right way.
That's why you do not take flyers on nonsense. Speculation

(36:06):
is okay with a minimal amount, because if you do
things the right way, you're going to become wealthy anyway.
It is this part of the problem I have now
with all we're gonna, we're gonna, we're gonna get everybody
here in their four one ks to start investing into

(36:26):
these private equity funds. And I tell you right now,
who who? Who are the kids that they send out
to do the little meetings for the four one K
plans that they have. You have your little your HR
guy sets it up and you all come down and
he may bring some bagels and locks or something like that.
And here's the questionnaire and you fill it out and
this will tell you the proper mix. And now they're

(36:50):
gonna be because again, this is gonna get them off
the hook as a fiduciary, this executive order, they're gonna say, oh, yeah,
sure sor yes, put this portion into cryptocurrencies, put this
portion into uh private equity. You can you have a
lot of time. Yeah, because you have a lot of time,

(37:12):
Guess what you can afford to do in that for
one K plan. You can afford to invest in a
prudent manner and not be overly aggressive and still become wealthy.
You're gonna become wealthy anyway. You don't have to become
wealthy quick in a retirement plan plan, because you're gonna

(37:34):
get there anyway. And if you try to do it quickly,
guess what the risk goes up and you can lose.
And when you lose that, it definitely becomes a hell
of a lot more difficult. To become wealthy over time
and again, this rationale they've they've been doing this forever.

(37:57):
I mean, we take over four or one K plans
all the time. I'm like, what, I mean, what are
these people doing. They've got every way appointed in the
wrong direction. And listen, Okay, if you have questions about
your fore contact us. We'll point you in the right direction.
We gonna charge you a dime. We're here to help.

(38:23):
There's so much lousy advice. And if you think, if
you think they give a damn about you, they don't.
And we have proven it time and time again. They
give a damn about you. Yeah, you got fifty, you
got one hundred million. You know you're you're a player. Okay, yeah,
they care about you. We already went over this here

(38:46):
on the program. We remember Morgan Stanley buying out Dean Winter.
Morgan Stanley Dean Winner nineteen nineties. Did they give a
damn about the Dean Winner clients? Remember Dean Winner had
brokerage firms inside of Sears. No, they blew up those clients.
Those clients took out Morgan Stanley's clients in all the
dot com companies. Don't be a sucker. Utilize us. Markowski

(39:12):
Investments is your financial self defense watchdog on wallstreet dot com.
Watchdog on wallstreet dot com set up for our personal
CFO program. We'll be back you.

Speaker 1 (39:28):
You're listening to the watchdog on Wall Street. Well, no
one altered investment banker, consumer advocate, analyst, trainer. Chris Markowski

(39:54):
is the watch dog on Wall Street exposing the lies
and myths that the big brokerage firms, the mainstream cress,
and the government are pushing to keep Americans away from
financial freedom. You can't handle the true proof bringing America
the truth about what really happens in the financial world.

Speaker 2 (40:14):
Ladies and gentlemen. We're not here to indulge in fantasy,

Speaker 1 (40:19):
This is the watchdog Wall Streets.

Speaker 3 (40:24):
Ah yeah, crazy weekend for us. It's August, cried out loud.
Oh yes, they're supposed to be taking it easy in
August like they do over in Europe and not here.
And we're gonna be dealing this week and for some time,
trying trying to make heads or tails out of this

(40:45):
executive order by the President when it comes to people's
four to one case retirement plans. And not only is
it cryptocurrency and private equity. There's a real estate aspect
as well. Now you could put real estate into a
four to one K and do I raise as well,
but you couldn't actually ever reside in the property. I

(41:08):
don't know how this is exactly going to work. I
don't know how it's going to work. Is in regards
to asset protection, where you're almost like in the state
of Florida, they can never take your house home standard.
I don't know if this is going to apply to that.
There's a lot of things that we'll work it through
this weekend. Custodians don't even know. You know, you got
all these custodians for all of these four oh one

(41:30):
K plans. And again they're happy, I'm telling right now
they're they're thrilled that they basically have a fiduciary get
out of jail free card. They can put all these
things into people's four oh one caves. They're not gonna
be hell responsible. I'm like, yeah, that's wonderful. Well, we
never give up our fiduciary status ever. We always put
our client's interests above our own. Hey, it was the

(41:52):
first time Biden Baden basically gave a fiduciary pass to
any any advisor there, any custodian. When it came to
stupid DEI investing and green investing in all that nonsense,
we made fun of that. So we were going to
be trying to make heads or tails, and we will
talk about it here on the program, and how investors

(42:13):
could actually play this, and whether or not be useful,
and whether or not it be smart to put your
home into your retirement account, whether it be protected. All
these things have got to be worked out and we
will be doing that. But I want to talk right
now about the housing market here in the United States. Again.

(42:35):
You know, like I said, I voted. I'mmit clear. I
voted for Donald Trump twice, and I feel like I
have to remind people this all the time. Was not
my first choice. Wanted Ran Paul back in twenty sixteen.
This time, I wanted, you know, Ron DeSantis to win.
I kind of wanted him, and I didn't kind of
want him because I kind of want Ronda Santas to

(42:56):
finish out here in Florida because the job he's doing
down here. Yeah, voted for Trump, but again I'm an
equal opportunity basher here on the program. I don't toe
the company line. I don't pledge allegiance to a president.
I pledge allegiance. Well, nothing comes above God, nothing, nothing,

(43:19):
And I pledge allegiance to you, my listener's out there.
I'm going to be give you the truth, the skinny, honestly,
I'm gonna give you an honest opinion what I feel
about things. That's the way I am. Oh sure, sure,
you know I could join the litany of influencers out
there that toe the company line and get checks, get

(43:40):
checks for posting stuff. Will you think I'm going to
do that? Again? I don't know how people look themselves
in the mirror when they take on jobs like that.
You mean to tell me you're not going to give
your honest opinion because you're paid to say something else.
And you kiss your kids that night when they go
to bed. What's wrong with you? Anyway? I think that

(44:02):
Trump really needs if he really wants to get on
back on track. Okay again, I know that the sick
of phans, and he's going to tell you that the
country is going like gangbusters, and you know, like the
Lego movie, everything is awesome, But you know the polls
say otherwise. In reality, says otherwise. And case in point,

(44:22):
We've talked about this here on the program. Is the
housing market? Now, first, I want to talk a little
bit about the FED. Whenever I talk about things that
are going on and problems, I always get the true
believers out there, true believers out there. They send me messages. Ah,
it's a Federal reserves J Powell Trump Study's too late?

(44:45):
Too late? Is J? Powell? And I try to explain, Well,
if the country is going like gangbusters, like they say
it is, why, you know, why would the Fed lower rates?
Wouldn't that be inflation in You think if the Fed
lower rates, it's gonna save the housing market. No, it's

(45:08):
not okay. When people are demanding demanding of the Fed,
Fed j lower rates. You think mortgage rates are gonna
come down, You think car loan rates are gonna come down,
You think credit card rates are gonna come down. The
FED doesn't have any control over that none. They control

(45:34):
the FED funds rate. What is the Fed funds rate?
Overnight rate in which banks lend to one another. Those
rates that you're talking about, those are determined by the market,
especially for long term borrowing like mortgages. Case in point

(45:54):
and again. I bring this up because I get emails
from people and I said, just alorry, stay with me here. Okay,
the Fed lowered rates this past full you do do
it to help Kamala Harison put your rage aside. Okay,
maybe they did. Okay, but did they or did they
not lower interest rates by one hundred basis points? The

(46:18):
answer is yes. What happened to mortgage rates, what happened
to auto loan rates, what happened to credit card rates?
They went up? And again, you know, you try to
explain this to people and they don't want to hear it. Again,

(46:42):
it's a la la la la la Markowski's talking. I'm
not gonna listen. These are facts. These are receipts that
I'm bringing you. Yeah. Can the Fed influence rates through
asset purchases buying long dated treasury securities? Yep? But again
that's something that they do in a what we call

(47:04):
like a financial crisis situation, and it would expand their
balance sheet and it could lead to all sorts of
other problems. Okay. It's a great column this past week
by Patrick Harker. The real drivers of long term rates
are supply and demand. When the federal government issues. Large

(47:27):
quantities of debt and demand doesn't rise to match, bond
prices fall, yields rise. That pushes up long term borrowing rates.
This is not a monetary problem. It's a fiscal problem.

(47:50):
We've been saying this for years and years and years
and again. I've been critical of j Palbn, critical of
these members of the FED that refuse to criticize government spending.
Expecting the FED to offset fiscal imbalances and suppress long

(48:12):
term rates. It's not realistic, and quite frankly, heart so
it's dangerous. It is you're messing around with the free market.
Do I think that there's all sorts of problems with
the FED? Absolutely? Do I even think it's necessary, I don't.
I don't. I don't like the fact that banks can
park money there and they're paying interest on all that,

(48:34):
and that money could be loaned. I don't like any
of that. But they don't have that type of power.
They can't fix the housing market. We have issues right now.
And again this is where I think I would love
for Trump to be all over this, I really would. Unfortunately,
I think that there's just way too many powers that

(48:55):
be that are involved in the real estate market. We
talked about this, the Black Rocks of the world, owing
over one point five million homes. I've watched them before
my very eyes, buy up entire neighborhoods, and they pay cash.

(49:17):
They can outbid everybody else they want to rent these
homes out. They can sit on these homes because they
paid cash. The value doesn't drop, because they say the
value hasn't dropped. Not only that, you understand that these
same companies, these same private equity companies, they're involved in

(49:40):
approving mortgages, they're involved in appraisal, companies, title all sorts
of things that they are involved with. There's no right
now that there is no there's no free market when
it comes to real estate in many places, and that
includes rentals, includes rentals. I explained it here on the

(50:01):
program plays with these these apartment complexes and whatnot. They're
owned by multiple private equity firms. They're all run via
a computer. They have outsourced all of the process when
it comes to approvals. Do you think that this is
healthy for the country, healthy for the economy. Let me
let me explain it. These these numbers are striking, Okay, striking.

(50:25):
I'm gonna go back to the year I was born
nineteen seventy one, fifty percent, fifty percent of thirty year
olds in the country, we're both married and homeowners. You
know that number is today for thirty year olds thirteen percent.

(50:50):
Oh yeah, oh yeah. We've talked about median price, the
price of homes via the median income. Go back to
nighteen eighty five. So the last chart I've got here
in front of me, nineteen eighty five, the average home
was three point six times median income. It's now five

(51:11):
point three. Now, how is that healthy for our economy
when people are house poor house poor? This is really resonating.
And this is again we're going to talk about inflation
that they keep denying is the case, and we all
know it's there. You're seeing it show up everywhere. You

(51:36):
had the CEO of Marriott come out this past week
and said, yeah, yeah, our high end business is doing great. Yeah,
our high end hotels they're fine. But our mid priced homes,
our mid prie homes, our mid price hotels, and our
lower price hotels terrible, terrible. Take a look at at

(51:56):
airline bookings. They're going backwards. People are tapped out, they
go to target. You feel like you got whacked upside
the head for crying out loud. This is not sustainable.
This is not healthy for our content, it's not healthy
for society. This is something that could be tackled. It

(52:19):
could be tackled through the tax code. Of all the
loopholes that are involved with real estate. It could be
tackled in regards to marking to market, how not allowing
not allowing these private equity firms to put whatever valuation
they have, how they're marking to market these properties, because

(52:39):
if they started to actually mark them based upon the
free market, and if they're empty or getting whacked, they're
not getting the right offs, if they can't rent them,
then the prices would have to drop, they would have
to sell. And you know what, I don't care. We
hear about this all the time. Oh you know, that'll
be terrible. Actually, you know what, Actually, even Ron de Santas, Okay,
State of Florida, he actually even came out, I'm saying,

(53:01):
let real estate prices in essence come down. It's okay,
nothing is gonna happen to you. I bought my house
last year. Bought my house last year, and I had
got if the value of my home, let's say it
a value my home. Man, you know what I'm must

(53:21):
I should have value my home drops by fifty percent?
Does the size of my house drop by fifty percent? No?
Now again, I get up in the morning, I make
my coffee, I go to work, I do the same thing,
enjoy my house with my family, when my kids come home,
all that stuff, nothing changes, nothing changes. Eventually, you know again,

(53:46):
the price of real estate will go back up. We've
created these disconnects, with all of these loopholes and all
of these rules, and allowing all of this nonsense and
all these corporations to buy up all of these properties
has been a disaster. The country. Call it what it is,
a disaster. I'm here to tell you people, okay, and

(54:06):
I've said this again and again and again. Here's some
financial advice, preparation advice. Do not consider your home a
part of your portfolio. Do not think of it as
an investment. You think of it as a bill. The
entire country of China is in deep doodo right now

(54:29):
because they told all of their people to keep buying
up real estate because its gonna be a wonderful investment.
It's in the tank. They've got zero consumption. They can't
stimulate the economy. It's your home. It's a bill, it's
a necessity. It's not an investment. Don't take it as such.
If you happen to sell it from more money they

(54:49):
bought it for down the road, great, But you know what,
why don't you take into consideration all the money that
you put into it, all the upkeep that you put
into it, all the interest you paid, all the property
taxes that you pay, all the insurance that you paid,
all of those things, the utilities, and you realize, gee,
you know what, I need this home because I have

(55:10):
to hang my hat somewhere. I've got to go to
bed somewhere. It's shelter. If you think like that, well
then you're not going to overbuy. You're not going to
become house poor. The problem is right now nobody can
buy nobody, but obviously young people can't buy thirty years

(55:33):
old married home thirteen percent. That's not good for society.
This is something that I hope and pray Donald Trump
will address. Got to take a break. Watchdog on Wallstreet
dot com, Watchdog on Wall Street dot com, personal CFO program,

(55:55):
our podcast, our newsletter, all sorts of great stuff become
a part of our family, The Watchdog on Wall Street Family,
Watchdog on Wallstreet dot com or give us a call
eight hundred four seven to one fifty nine eighty four.

Speaker 1 (56:23):
This is the Watchdog on Wall Street. Uh.

Speaker 3 (56:33):
One of my all time favorite Sunday What is that?
I mean? She came up a bunch of albums in
nineteen eighties and it come won every ten years. But
now it's you know, she hasn't had an album out
like fifteen years. Kind of hoping that she comes out
with another one. Anyway, welcome back. It is the Watchdog
on Wall Street show. I'm getting a lot a lot

(56:57):
of people sending me as if in video of young
people that have basically it got to be honest with
people again. I feel for these kids. I really do. Kids.
Women breaking down in tears. You know, they're they're flipping
out over their their student loans and the loan payments

(57:20):
they have to make and some of the interest rates
that they have reset to. And you know, how am
I going to ever afford anything in life? Guys everywhere,
done everything right, I did all this stuff. My rent
is this much money? Again? How am I supposed to save?
How am I supposed to get ahead? We for a

(57:40):
long time here, we've we've railed against colleges and universities
here on the program and again the way that they're
subsidized by the federal government. It's a massive scam. We've
called them hedge funds, called it hedge fund university. They're
basically that's what they are. They're hedge funds with tax

(58:00):
tax exempt status. And you see the money that runs
through these institutions. You see it. Okay, you see hown't
they even handle their athletics now, it's not even it's
not amateur, it's pro. Kids get paid. It's actually better
than pro because they don't even have a contract. They
can just go wherever they want every single year based
upon the check. I don't even know how who would
want to coach in that environment. It's it's absolutely obscene.

(58:25):
And we've said for some time that you better have
a reason for going. Unfortunately, conventional wisdom is poison, and
we pushed all of these kids to go to these schools.
Just the concept itself. Again, it's in my opinion, it's evil.

(58:50):
Student loans are evil. They're evil. Never forget it. There again.
It was actually the last time I was on with
Don Lemon. Now he's not on scene anymore. He I
was on Don Lemon's show back in the nineteen No no, no, no, no, no,
it was nineteen. It was two thousand and I don't know,
it's like five, two thousand and six that I saw

(59:12):
the interview up on our YouTube channel. It was about
the high cost of college education. And I made the point,
and I didn't even know how to respond, that we
should get rid of all student loans, get rid of
them forced colleges and universities, forced college and ever surprise,

(59:33):
their product based based on what people can afford. Or
better yet, let the colleges and universities make the loans,
let them have skin in the game. And better yet,
why not allow Why can't kids, Why can't kids discharge
their student loan and bankruptcy. Now again, I've said this

(59:55):
before Barack Obama decided to federalize the student loan program.
I'll tell you why. There wouldn't be any student loans.
They wouldn't exist a little bit more on this when
we get back Watchdog on Wallstreet dot com. Watchdog on
Wall Street dot Com is our site again. Become a

(01:00:18):
part of the Watchdog on Wall Street family or personal
CFO program, our podcast. We'll be back.

Speaker 1 (01:00:39):
You're listening to the Watchdog in Wall Street with Chris Markowski.

Speaker 3 (01:00:53):
Welcome back again to me. You explained to me, you
try to explain to me how this is not evil. Okay,
You allow seventeen and eighteen year olds, by the millions,

(01:01:15):
tens of millions, to basically sign on for hundreds of
thousands in debt at that age. Many, many of these kids,
many's kids, have never had a job in their entire life.
You're gonna allow them, You're gonna lend them that type

(01:01:36):
of money to go to whatever university, whatever university. Maybe
you don't even know what they're gonna major in. You
don't even you don't even know what their grades are.
Who would who would lend that type of money? Well again, nobody.
If somebody, if that kid could declare bankruptcy, they'd never

(01:01:58):
do it. They know if they did, you would be
paying rates like a credit card rate, meaning no one
would power the money. Let me put it to this way.
Let's say top of a class vale victorian, Vale victorian
of class going to Princeton or Harvard, whatever it may

(01:02:19):
be and they're gonna study engineering, computer science, whatever. They
go to a bank and they present all this and
this is like I said, if it was set up,
set up where they could declare bankruptcy, the bank would
still charge eighteen nineteen twenty percent, allowing allowing uncollateralized debt

(01:02:45):
to seventeen and eighteen year olds that haven't earned anything
in their entire lives. Do you understand that that's just evil? Sorry,
oh your investment. You're gonna go to college? Crap? Okay,
what a bunch of ball excrement. I'm sorry, you know it,

(01:03:07):
and I know you. Take a look at the amount
of administrators they have at these colleges versus professors. It
is a rocket. It is a scam that they make
you go through here in this country in order to
get certain jobs. Am I wrong? Tell me I'm wrong.

(01:03:28):
So you can't get a job on Wall Street. You
can't get a job on Wall Street unless you go
through this process. You gotta pay your toll. This is
why I tell kids, and I tell families all the time.
Make sure you know why you're going to school. Why,
what's the point? What do you want to study? What

(01:03:49):
do you want to do? What is going to be
the return on this investment? Is there is there a
more inexpensive alternative go that route? And I fought a
lot of parents this right. I got blowback on this.
And you know who you are. You know who you are. Okay,

(01:04:10):
you want that fancy private school sticker on the back
of your car that you can ride around. My kid
goes here, Well that's great. Your kid got it. Great,
your kid go there. You pay for it. You pay
for it. Don't allow you understand you're going to allow
your kid. Allow your kid to go six figures in debt.

(01:04:34):
They're gonna be entering the quote end quote, real world?
Does college ain't the real world? Twenty one, twenty two
years old with six figures in debt, That's nuts, That's nuts.
And again again that's what that's what kids were told
to do. Again. The problem with narratives, the problem with

(01:04:56):
conventional wisdom. It's damn poison, man, it really is. Anyway,
this past week, I can't tell you how many television
appearances and radio appearances I made in regards to this topic.
Story came out talking about Americans and their four one

(01:05:21):
k's and how more Americans are rating their four to
one k's and UNI using it as basically they're called
rainy day funds. Listen, well, it was a good side
to this story is that more people are actually contributing
to four oh one k's. But I've explained this, Okay,

(01:05:42):
you have to Okay, yeah, again, your company can take
advantage to four one k take advantage, especially if your
employer is going to match. But you also need to
have a little basket of money in case bad stuff happens.
You have to because bad things O doctor Seuss Okay,

(01:06:04):
hang ups and bangups can happen to you, they can
happen to everyone, so you have to be prepared for it.
You go into your four to one K, you put
money in there. Okay, You're gonna get taxed as income
as it comes out, and you're gonna have to pay
a ten percent penalty. Now, there are ways of taking

(01:06:25):
money out. And again I'm telling you right now, you
don't want to go paying high You know, you got
an issue or problem. You don't want to be paying
high interest credit card debt. That's the killer. Okay, carrying
a credit card balance is an absolute killer. I get
that you want to pay that off. You want you
don't want to get in that point in time. Talk
talk to your plan provider, talk to your company human resources,

(01:06:45):
and see if you can get a hardship withdrawal so
you can avoid that and then you pay it back.
But yes, yes, you also have to allocate money. Allocate money,
okay to almost like something bad happens. I can take
care of it again for one k investing okay, And

(01:07:08):
I've explained to you before you pay yourself every single paycheck,
you pay yourself, okay, but it's a number that you
can handle, a number that you can afford. And as
you get raisis, as you advance, then you add more
and more and more. Gotta take a break. Watchdog on
Wallstreet dot com. Watchdog on Wallstreet dot com again. Become

(01:07:28):
part of the Watchdog and Wall Street family, our personal
c f O program. We'll be back.

Speaker 1 (01:07:47):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.

Speaker 3 (01:07:55):
What a back? Uh yeah, one of my Lenny Kravitz
man again. We can look as great as he does.
What is he's sixty one years old. I'll be thrilled
anyway it is to watch Dog on Wall Street Show. Ah, Okay,
I know I give a big yawn when I have
to do this topic and I have to criticize the

(01:08:18):
president because people get ticked, they get angry with me.
I'm bringing receipts people, I'm being honest, and I'm telling
you right now, I want the guy to do well.
I e quate right now where the president is, as
far as you know, the country is concerned, as far

(01:08:39):
as the poles are concerned. And I know you can
tell me the polls are wrong. Okay, every poll is wrong.
Everything is awesome. It reminds me, you know, back when
I used to use PCs, and it's when Microsoft got
real lazy and their operating systems really stunk, and you'd
get that blue screen of death. Maybe young people aren't
familiar with it, straight to death, and you were like,

(01:09:02):
you want to like take the computer and throw it
because you've got the blue screen of death. Anything that
you were working on at that point in time on
the computer, it was gone and it's gone, and you're
you know, I remember times I would be working on
a project, working on something, writing writing a column for
the newsletter, whatever it may be, and I'm like, it's gone,
Oh my worker's gone. You have no choice but to

(01:09:25):
shut the computer off and restart it. People in this
country they again, we have short memories, short memories. And
I really think the president really needs to hit the
reset button. Hit the reset button when it comes to
you know what he's been working on. This tariff stuff.

(01:09:49):
No winno, no good at all. And I'm sorry, Okay,
people keep parroting this. Oh my god, look at the
billions of dollars and tear our revenue that keeps coming in.
It's record numbers. To do any of you people think
that any country has actually cut us a check? Where

(01:10:13):
do you think this money is coming from. It's not
coming from any foreign country. Vietnam is not cutting us check.
The EU is not cutting us to check. China is
not cutting us to check. It is one hundred percent
derived from where it's one hundred percent derived from the importers.

(01:10:35):
Have you looked at the various different earnings reports from
companies here in this country. Have you looked at how
much they're paying in tariffs? Have you taken a look
at prices? Everything is not awesome. It's trumpet mystery. It's
the case they're playing. Is lego song. Everything's awesome, Everything's awesome. No,

(01:10:58):
it's not to take a quick break. We're going to
get further into this Watchdog on Wallstreet dot com. Watchdog
on Wallstreet dot Com. We'll be back.

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

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

Speaker 3 (01:11:49):
Welcome back, Welcome back. It's the Watchdog on Wall Street show.
I'm just gonna go through go through some numbers. Right now,
pretty much every labor market indicator is rolling over. Saw
the jobs numbers. President got very upset, said they were rigged,

(01:12:11):
said they were political. I did several podcasts on it
this past week. I'm not getting into it again. It's
just not true. It's not true. I understand that's politics.
They're going to say what they want to say. Take
a look at the ISM Manufacturing Employment Index. It is
the lowest it's been in ten years. Service employment index

(01:12:33):
the third lowest level it's been in ten years outside
of the pandemic. Job openings index down thirty five percent.
Household debt US household debt jumped one hundred and eighty
five billion dollars in the second quarter to a record
eighteen point thirty nine trillion. Total household debt up five

(01:12:56):
hundred and ninety two billion over the past twelve months.
Credit card debt up by twenty seven billion, dollars, student
and auto loans up seven billion and thirteen billion, and
the numbers are off the charts. Serious delinquencies was it
comes to student loans are on the rise. I want

(01:13:17):
me to keep going on and on and on these
these things. This is not awesome. I talked about what
some people are saying, what some people company CEOs are saying,
in the service industry, Marriott, the airlines, various different things. People.
I don't want this to be the case. I don't.

(01:13:37):
I'm not jumping up and down say oh, you know,
Markowski was right. You get the idiots out there, the
sick defants that are paid, Oh my god, you know
all the pannicans out there. You know all they said,
tariffs are going to take the economy's gonna do all
these terrible things. There hasn't been any economic earthquake. We
didn't tell you there was going to be any sort

(01:13:59):
of earthquake. We told you, we told you write your
point blank it is a frog in water where you
slowly turn up the heat until it boils and it
doesn't know. It's drip drip drip. Now, I don't know
if you pay attention, I do. I see what Black

(01:14:21):
and Decker is saying. I see what Caterpillar is saying.
I see what Apple is saying. I see that Ford
had to say. Ford makes more American cars than any
other company in the entire world. They showed a loss
because of tariffs. A loss? How is that good? Are

(01:14:44):
we sticking it to China? A right? Because this I'll
get this. This is again. I know what I'm gonna get.
Where is China's You know, China's exports have gone through
the roof? Oh yeah, yeah? You know whose exports have tanked?
Ours have tanked, Our exports have gone backwards. China's exports

(01:15:04):
have gone through the roof. They're exporting all over the globe.
I think it's gonna happen as they're just going to
reprice those products somewhere else and they're gonna ship into
the United States. And I know all we're gonna have
reciprocal tariff, We're gonna have higher tariffs if people try
to do that you honestly think that all of these
people at the various different the customs people are gonna

(01:15:27):
be able to track that and account for all that.
That's mission impossible.

Speaker 1 (01:15:34):
Man.

Speaker 3 (01:15:35):
Sure they'll catch some, but most of it's gonna get through.
It's not working. Okay, a tariff again, and I know
I've had to explain this over and over and over again,
is attacks. I have no problem countries are are not

(01:15:56):
doing the right thing by I see, for example, you're saying, Okay,
they're putting tariffs on our cars to make them over
overly expensive. Well, you know what, you do that right
back to them. That's true reciprocal, that's a reciprocal tariff.
We're not doing that. Not to mention the fact, Not

(01:16:16):
to mention the fact you've got certain countries around the
globe that are developing, countries developing because how much stuff
of ours are they actually going to buy? Did do
you honestly think that all of a sudden, Not to
mention stuff like that, they say sneakers are made, say Vietnam.

(01:16:38):
I talked about that conversation with the CEO Brooks. There's
no way he's bringing his sneaker factories back to this
So we don't have the workers that are even trained
to do the work that those people do. The tariffs
aren't high enough to actually get people to resure. And
another thing one of the biggest. Again, it's embarrassing to

(01:17:01):
me because I know better nobody. The EU is not
going to give Donald Trump six hundred billion dollars to invest. Okay,
if you honestly believe that, you can again, I guess
you want to believe that. Fine, you can believe in
the tooth fairy too. Okay, they're not gonna cut Donald J.
Trump a check for six hundred billion dollars to spend

(01:17:23):
whatever he wants on. And Japan is not gonna do it.
I laughed this past week. I laughed this past week.
Apple a big, big ceremony. We're holding out the White House.
It's just a show. I gotta up there. Investment in
the United States to six hundred billion dollars. You know,
over the past three years, I think as capital expenditures

(01:17:46):
was maybe about fifty sixty billion dollars. That's it. Well,
I'd say that's a hell of a lot of money.
But you think they're gonna they're gonna make capital expenditures
six hundred billion dollars here in the United States. Do
you honestly believe that that's the case. Yeah, they opened
up a new plant forget where it is with Corning
to build glass. It was like, what three or four

(01:18:06):
billion dollars. It's not going to happen. People, Well, you
imagine being a citizen of it some European country. Hey,
you know, we're just gonna send cash to the United
States of America to the president there that he can
spend and invest it however they want. You think that

(01:18:26):
they're gonna stand for that. It's not going to happen.
It's politics, people, just like that fox Con plant that
they were supposed to build in Wisconsin. Remember what Scott
Walker and Donald Trump, we told you it was never
gonna happen. It didn't happen. You have to see through

(01:18:50):
all of the bull excrement Watchdog on Wallstreet dot com,
Watchdog on Wallstreet dot Com a lot more. We gotta
over on the program today. I can't do tariffs anymore.
I'm gonna pull my hair out, I really am, Watchdog
Wallstreet dot Com. Pull be back.

Speaker 1 (01:19:08):
You're listening to the Watchdog on Wall Street. Well, no
one alter investment banking consumer advocate analyst trader Chris Markowski

(01:19:32):
is the watchdog Wall Street. Do you want to answer
exposing the lines and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom. You can't handle the true
bringing America the truth about what really happens in the
financial world.

Speaker 2 (01:19:52):
Ladies and gentlemen. We're not here to indulge in fantasy,

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

Speaker 3 (01:20:02):
Back. Yeah, I might as well head off, uh, head
off a lot of you know, I guaranteed emails that
I'll get from people because uh yeah, it's I will
present fact after fact and lay things out to people,
and you still get the butts. Here comes the butt,

(01:20:22):
Here comes the butt. It was from an episode of
The Simpsons, and I remember my my youngest one. He
goes he was he was almost he was like a toddler,
and he actually got the joke. You know, here comes
the button. It was Homer Simpson sliding backwards down. You
could see his butt on a sled. But anyway, yeah,
I get a lot of the butts. But but but
but but what about the stock market look at stock

(01:20:43):
market were great stock markets doing? Yeah, I know this,
I know this. I'm aware of this, and we've talked
about the markets here on our program and obvious our
our clients have been well aware for over three decades
because we understand the markets pretty darn well. There's some

(01:21:05):
great things that are happening in our economy when it
comes to artificial intelligence and some of the technology the
technology advantage advantage advancements that we're making here in this country,
which is going to add to productivity, which is going
to be helpful when it comes to inflation down the road.
Without a doubt, we are again, we are the big

(01:21:27):
dog when it comes to business. There's no doubt about them.
But let me let me be perfectly clear, okay, And
this is why, this is why we've been accurate. We've
been accurate for decades with our economic numbers and telling
you what's truly going on here in the country, far

(01:21:49):
better than the BLS, than any government agency. And again
I'm sorry, my longtime listeners know this. You can go back.
We will with transitory inflation. We ripped into that, We
ripped into Alan green Span with what he was doing
with rates. And I'm not raising them when he should have.

(01:22:11):
Ben Burne, We've gone after it all jobs numbers that
didn't make any sense. We've told you these jobs numbers
for the past several months make no sense whatsoever. They're
not real. It's a fougacy. I have an advantage, I do.
I have an advantage over the government. I live in

(01:22:34):
the real world. I live in the real world. I
have clients in every pocket corner of this country. Not
to mention the world, many of these these people, they're
not Steve. My clients are not CEOs of fortune five
hundred companies. They're they're small business owners. Small business whether

(01:23:01):
they owned small small factories, manufacturing, whether they're doctors, whether
they're lawyers. They owned stores, they owned restaurants, a myriad
of different businesses. And again, if you know, you look
at my book Work, Time and Effort, I chronicle the
stories of many of our clients and how they built
their business. Did do you think that they do you

(01:23:26):
think that they're responding responding to surveys sent to them
by the Bureau of Labor Statistics. Do you think they
respond to that stuff? I stopped. I stopped. I think
I told this story here on the program I forget
what the Bureau of Labor Statistics what was Again, Obama

(01:23:47):
was president at the time, and again they were getting in.
That was when they were really vamping up the whole
DEI effort, and they were trying to find out, you know,
the composition of a small businesses and how many minorities
they had working at the company. And I actually got
call from the Labor Department asking me how many minorities
I had working at Markowski Investments, and I got really
ticked off. I got rid. I'm like, what, why is this?

(01:24:12):
Why is this even important? Who cares about this? Quite frankly,
I don't even know how They got me on the
phone for crying out loud, and I made it kind
of a kind of a nasty quip. I have to
admit I told them that I'm darker than Obama in
the summertime. Does that count? Meanwhile, yeah, we have plenty

(01:24:33):
of minorities work at the company. It's inne of their business.
But again, they send out these surveys and they do
it bias nail nail phone calls. You want to write,
pollsters are wrong during elections and they can't get things right.
Who responds to this stuff. Well, guess what. Guess what,
I know what's up with my clients. I know what's

(01:24:54):
going on on the ground. I know what they're telling me.
This is why I'm accurate. I've got an advantage. This
is why I'm better than the government's numbers. Anyway, you
know this this idea as well, and I know we
addressed it on the podcast. I have to address it again.

(01:25:16):
The reality is is it wasn't rigged. It wasn't political. Okay,
it really wasn't. You have to understand how this stuff works. Okay.
Do I think that maybe the numbers have been tinkered
with from time to time. They have. But mister President,
you know, you go on CNBC, You go on CNBC

(01:25:40):
and you make a claim that's just absolutely ridiculous. You know,
you talked about the you talked about the jobs numbers
that were revised downward last year, and you claim that
they were revised downward after the election. They weren't. They

(01:26:05):
were revised downward by over eight hundred thousand jobs. We
talked about it here on the program because I pointed
it out. It was another c I told you so
a moment. We said exactly, and it happened before the election.
But then you go on TV and you insist, now,
what happened after the election? No, mister President, it didn't.

(01:26:28):
It didn't the BLS producers. It's monthly jobs report, it's survey,
six hundred and thirty one thousand workplaces. Yeah, you know,
I know they actually still do it. I kid you
not buy facts they call, They send out links via

(01:26:48):
the web. Did you understand that businesses don't respawn every
single month? Do you understand that the response rate for
businesses has declined to forty three percent from sixty percent
before the pandemic? Small businesses are less likely than bigger

(01:27:10):
ones to respond because bigger ones have the capacity, They
got the people sitting around to do this stuff. The
job's estimate can be off in either direction by one
hundred and thirty six thousand in any given month, just
by statistical chance. Do you understand that the survey doesn't
fully account for business births and deaths. Now, when the

(01:27:36):
economy is rapidly expanding, the model tends to underestimate new
business relative to failures. But when the economy is slowing,
the model does the opposite. Yeah, And they go back
over time and they take a look to get more
comprehensive records looking at state unemployment and state employment and

(01:27:56):
insurance agencies. But there's a lag. It happens. This is
why these numbers again, I can't trust them. And it's interesting.
You've actually had some interviews with members of the FED
that have left and they said, yeah, we look at
other things as well. When it comes to jobs numbers.
We're trying to get all of the information that they
have there. And I got us so I said, they

(01:28:18):
just call me up, put you in the right direction.
But again to watch members of the Trump administration act
again come out and basically, you know, tow the party
line and say, yeah, it's rigged, it's rigged. No, it's
not rigged. Okay, the system stinks, and yeah, does it

(01:28:39):
need to be done away with? Do we need to
find a better way of compiling information? Yeah, you're not
getting any argument there. The same thing holds true with
the inflation numbers, which are an absolute joke, joke. You
still get them, go people going our here is a

(01:29:01):
little to no inflation out there, right, And every single
time I get that, I get that from somebody, you know,
I'll say, you give me ask a question. You have
you have Amazon or do you use the Walmart app?
Did you have any of the use any of those apps.
I want you to go on to your app. I
want you to pick a basket of items that you

(01:29:22):
bought this month, and I want you to go back
to go back a year, go back two years, go
back five years, and tell me what you spent for
that same basket of items back then compared to today.
And you tell me that there's no inflation out there.
We got the worst kind of inflation out there. The
worst kind of inflation is the bare necessities type of inflation.

(01:29:45):
And that's what Americans have been hit with. That's what
we're dealing with right now. It's not good. Now again,
one more thing again I have to discuss here. This
doesn't make any sense to me. Okay, So last week,
last week on the show, I talked about that god

(01:30:07):
awful idea, god awful idea that they want to do
with the Commerce Department. The Commerce Department wanting to go
and change the way that people get patents, and they
want to treat patents like a piece of property that
you're gonna have to pay in essence, a property tax
on your ideas. And again I can't even believe. I

(01:30:31):
can't even believe that anybody would actually even consider anything
like this and what it's going to mean to this
country as far as innovation is concerned. People are gonna
they're gonna apply for They're only gonna apply for patents
here in the United States. They're gonna do it elsewhere.
It's just that simple last weekend, last week and I
got to you know, the President sometimes he just thinks

(01:30:52):
out loud. He thinks out loud. He really shouldn't do that.
Talking about tariffs, and he suggested that his administration could
distribute was calling dividends from tariff revenues to Americans with
certain income levels. He said, we have a lot of

(01:31:15):
money coming in, much more money than the country has
ever seen, by hundreds of billions of dollars. There could
be a distribution for dividends to the people of our country.
I would say for people that would be middle income
and lower income people, we could do a dividend. Now
that is literally something that would come out of the
mouth of Bernie Sanders. AOK, you know Mandami in New York.

(01:31:45):
This is I mean, this is universal basic income. Is
what Donald Trump is doing. You are you're taxing Americans,
you're taking the money, and you're going to redistribute it.
If if you had any if Joe Biden's people his handles,

(01:32:07):
because you know, he wasn't running the country. If Joe
Biden's people proposed this idea, heads would be exploding on
Fox News, gut Field, Waters Ingram Hannity, Oh my god,
they'd be showing communist flags everywhere.

Speaker 1 (01:32:27):
I can.

Speaker 3 (01:32:28):
This is this is distributing your taxing people, You're redistributing wealth.
Donald Trump does it. Crickets, crickets, Then this is not
It's not Reagan. Okay, this is this is not right.
This is the food where we're hell in high water

(01:32:50):
away from Reagan. And yeah, trust me, I see the numbers.
And again I think it's kind of a crude way.
They're calling it a redneck recession. That's what they're calling
it right now. Ah, Lauren were right now say it
was old red chit report jerks. I hate that, but
that's what they're calling it. So you're gonna just you're
gonna hand out checks, So we gonna cut checks. Haven't

(01:33:13):
we done that enough? How's that worked out? George W.
Bush did it twice? He did it earlier on his term,
and then he did it on his way out the door.
I called it the Incumbent Protection Act. Pelosi pushed him
to do it. Pelosi basically had Bush on like a
little collar for crying out loud. He see with Lean Robbers.
Bush was Pelosi's little, you know, you know what, female

(01:33:34):
dog doing whatever she wanted him to do. At that
point in time and his presidency, then we had we had, oh,
we had COVID checks at Trump's COVID checks, Biden's COVID checks.
I remember yelling and screaming about this crap. I were
listening to radio commercials in New York. Bring your COVID
check in to so and so jewelers and buy yourself

(01:33:55):
some jewelry. I get it. I didn't even like thinking
about it. I got PTSD over all the POLO see
stru ups during COVID. So, now you know you're gonna
you're gonna tax people, You're gonna drive people's prices up
due to tariffs, and you're gonna take the money and
you're gonna redistribute it that and you're you're you're telling

(01:34:16):
this is this is conservative, This is Republican principle. Mister president,
I'm sorry, sorry, I don't know you. You're getting some
bad advice, my friend, you really are. Okay, go back,
go back, go back, go back to when you first
was were inaugurated. You had elon must there. You're gonna

(01:34:37):
cut spending. You're getting rid of government regulations. You're gonna
get out of the way. We do not need a
country run out of Washington, d C. We don't that
that's the zision ping way of doing things. We do
not need more government. We do not need more dictats

(01:34:58):
out of Washington d C. We do do not need
any more redistribution of wealth. Get out of the way.
Watchdog on Wallstreet dot com. Watchdog on Wallstreet dot com
again our site. Become a part of the Watchdog on
Wall Street family, our personal CFO program, our podcast, our newsletter.

(01:35:19):
Everything right there at our site Watchdog on Wallstreet dot com,
or give us a call. Height on four seven one
eight four.

Speaker 1 (01:35:40):
Teaking Wall Streets, liars, crooks and chets out behind the woodshed.
You're listening to the Watchdog on Wall Streets. Hot mess
make you so blind?

Speaker 3 (01:35:52):
This is brim full of asher season. No, I guess
it's wrong. Any welcome back it is the watchdog on
Wall Street shoe ah all right, Yes, we do have
some of the most interesting eclick I'd have to go
on a limb, greatest bumper of music in all of radio.
We change it up every week. Yeah, you gotta make

(01:36:14):
it a click toic like all sorts of all sorts
of stuff. Anyway. Yeah, ageat cost of living, mister president,
this is something that we can we can work on.
We can work on. This is really hitting Americans. And
again this is the polls. Okay, more than six out
of ten of Americans are faulting the president right now
for financial struggles. It's reality. They're blaming him. And the

(01:36:38):
numbers continue to go up. They continued to go up.
Many people had belief that he was gonna bring these
prices down, they were gonna come down. He keeps saying
that they're down. He keeps saying gas prices at two
dollars and twenty.

Speaker 1 (01:36:51):
Why no, they're not.

Speaker 3 (01:36:54):
No. Our electricity prices are not going down. No, no, no, nothing,
All right, brought eight prices. Wait on, hey, there's still
astronomical man. Okay, prices are not coming down. Here's the
type of messages that are sent to me you know
it's I was talking last night about how twelve pack
of drinks is nine bucks, and how in twenty twenty

(01:37:17):
I used to buy them for four for ten, and
you know, I go in to my Walmart app and
uh wow, look at this. You know what I was
paying for random groceries January twenty twenty, I paid seventy
dollars and twenty cents for thirty items. I added all
of them to the card again and repurchased them. Today,
those thirty items, we're one hundred and sixty five dollars

(01:37:37):
and forty two cents. Ninety five dollars twenty two cent
price increase in four years. That's one hundred and thirty
five point six percent inflation percentage. We can't keep doing this,
can't now Ken. I know, I know a lot of
this was under Biden, but we still have inflation. That's
a two point seven and that's that's the government numbers,

(01:37:58):
and that's that's not what you put in food and
you put in insurance costs and everything else that's in there,
and it's worse. Mister President, you focus like this on
a laser beam, you're gonna go down with one of
the greats we need to fleet these prices. Tara's not

(01:38:19):
gonna do it. They're not They're not going to do it.
I had to do a double check. I kid you,
I had to do a double check this past week.
I know I've talked about this company before here on
the program, and they make a great product. They they

(01:38:40):
make a wonderful product. They just you know, it's not profitable.
It's not probably again, they make a fantastic not Rivian
Rivian dealership here in Tampa. I took a look at
they are losing right now. For every Rivian that is sold,
they are losing forty one thousand dollars. I actually took

(01:39:03):
a look at the balance sheet and I checked it twice.
They're in a hole by twenty five billion dollars. No, no, no, no, no, no,
not kidding, twenty five billion dollars. Now, I want to
remind everyone out there that Joe Biden gave Rivian six

(01:39:27):
billion dollars of your money, six billion dollars of it,
just gave it to Rivian country. That's not twenty five
billion dolls all loss forty one thousand dollars for every
car that it sells. Again, this is something that we
have to stop doing. As a country. We have to
stop picking and choosing winners and losers. The government has

(01:39:48):
no business taking your money, taking my money, and giving
it to any private concern ever. Watchdog on Wallstreet dot com,
Watchdog Wallstreet dot com. We'll be back.

Speaker 1 (01:40:04):
Well, this is the Watchdog on Wall Street.

Speaker 3 (01:40:26):
Ah, this stuff, my wife looks just kind of you,
butt John. I'll give me, I'll give you a break
to play this for my wife. My wife is uh,
she grew up in Washington Heights, Uh, from Manhattan, and
then you know, I went the Queen's there. This is
freestyle stuff, is you know for the city folk there? Okay,
it pictures of my wife back in the day, you know,

(01:40:47):
hanging with the Greeks in the Storia with the big
hair and the freestyle music. And we didn't have this,
uh that stuff. I keep telling you, we didn't have
that in upstate New York. You know we were we
were Zeppelin and skeetered and all that good stuff. But anyway, welcome,
It is the Watchdog on Wall Street. But again the
music comes on. She knows all the words. It's like
we never ever even heard this stuff where I came from. Anyway,

(01:41:10):
anyway talking about you know, oh, this week the House
Oversight Committee compelling, compelling all these individuals to appear for depositions,
sub penis. We got subpoena rama again. You got Hillary,
you got Bill Merrik Garland, James Comey, William Barr, bertil Gonzalez,

(01:41:32):
Jeff Sessions, Robert Muller, Loretta Lynch, Eric Holder. Oh yeah,
and you know the cable news channels are salivating right now. Yes,
they got the dates. They're ready to go. They're lining up.
They're experts and they can have arguments on air, giving
them absolute nonsense to talk about. Yeah, let's get the

(01:41:57):
people going, Let's get people angry with one another, and
this one's a cook and people do this at all?
Do you honestly believe at all that anybody is going
to be held responsible for anything? Do you honestly think

(01:42:17):
that anyone is going to be held responsible for anything?
Do you think anyone is going to be held account
for the Epstein Epstein files, thousands of girls, human trafficked, pedophiles, nothing,

(01:42:42):
I mean nothing normally, you know, you know this was
not politically connected. This would be a case that you know,
any prosecutor would would love, would make a career at
this nothing. You're going to get a show, you're going
to have, You're gonna have all of the little people

(01:43:02):
that you vote for. You want to call them congression
We should not even call them. We got to call
them congressional influencers. They're influencers. Oh you see some of
the crap that they put out now, yeah, the pictures
of themselves working out that Jens Eric Swalwell having a
difficult time Bention one thirty five, Oh yeah, yeah, Crockett

(01:43:23):
and all the other day they're putting out all of
these these videos. Mace stare in South Carolina making shows
of themselves all the time. What do you think this
is for? They're building their brand. People. You're saying how
pathetic and sad we are right now as a country.

(01:43:45):
Not not we Yeah, you and I, because you and
I are the ones that make the country work. We're
the ones that employ people, people that that that you know,
punch of clock every single day, bust their ass to
provide for their families, their children. They're in employees. What
do we talk about every single week here on the program,
What I ask each and every one of you to

(01:44:06):
do with your life? Find out what your talent is, build, create,
protect and teach, because you're not gonna get it from
these people. Oh they'll say it with you. They'll give
you a nice smile on the fay. Oh yeah, James Comer,
he issued these subpoenas. You know where James Comer was.
They were, they were they We just got back from

(01:44:27):
Israel again. Oh yeah, Mike Johnson, Hey, it was gonna
spend the time off in his district. No, they were
all in Israel. Oh yeah, that's again. That's just I
think that country's running ours for crying out loud at
this point in time. But anyway, neither here nor there.
You think you're gonna have some sort of justice. Oh
you think your locker up? You think Hillary Clinton's gonna

(01:44:50):
get in any sort of trouble whatsoever. No way. I mean,
you got great reporters out there, you Michael Ellenburry at
Glenn Greenwall to, got Matt Tybee that are doing yeomen's work.
When it comes to all of this stuff, nothing is
going to happen. Nothing is gonna happen. They're gonna, oh

(01:45:12):
they're gonna spend countless hours on this. They're gonna make
countless videos they're going to continue to build their brand.
Oh yes, if they happen to want to retire, they
you know, they get voted out. You know they can
all you know, you can show up. You can either
work at Fox News, You're work at MSNBC. They'll have
a spot for you there. You could be a contributor
as an expert, an expert in bull excrement, because that's

(01:45:33):
what these people are. I'm sorry, Okay, I most again
I don't. I don't trust most of them. As you
can tell, I've been around. I see what they're We've
watched this movie before. Okay, we've watched this the It's
a damn na party and all they're doing is jockeying

(01:45:54):
back and forth to see who can have power of appropriations,
control the trillions of dollars in government spending, and they
can collect their big don Finucci. We their beak. That's
all this is about, justice for the American people. Please
please spare me. Okay, go sell crazy somewhere else, James Calmer,

(01:46:20):
go sell it somewhere else. All up are bring justice here,
justice I release the EP steam file. Oh rush sure right, yeah,
uh huh, give me a break. And again again like
I said, you know, I make fun here on the program.
What did I say earlier on the program? Whose fault
is all this? It's ours? Blame them, I blame us.

(01:46:46):
I I'm us. We continue to vote for this stuff.
Hey I'm a Republican. Hey I'm a Democrat. But you
go in there, just vote where it is they're looking
up for me. Yeah, how's that worked out? People? Huh?
You think that they give a drown about you? Really
believe that? No, they don't look to your community, your family,

(01:47:11):
your church, your neighbors. You're not gonna find it. Washington,
Watchdog on Wall Street dot Com, watstag on Wall Street
dot Com again become a part of the Watchdog on
Wall Street family, our personal CFO program, podcast, newsletter, all
sorts of great stuff. Watchdog on Wall Street dot Com.
We'll be back.

Speaker 1 (01:47:47):
You're listening to the Watchdog and Wall Street with Chris Markowski.

Speaker 3 (01:48:01):
Ah, welcome back. This is early man in the nineteen nineties. Early. Yeah.
I think I'm trying to remember exactly anyway. Watchdog on
Wall Street dot Com. Oh yes, sah, get ready, everybody,
we now have we are in the midst of the
great jerrymander Wars. You get all these Texas Democrats getting

(01:48:29):
on a private plane flying up to Illinois to go
visit uh Pritzker up there and they're they're hauled up,
they're being protected, Jamie Pritzker promising to protect them. Do
you understand how ridiculous this whole thing is? And that

(01:48:52):
all we got reciprocal jerrymandering? What was it? I don't
know who was in Massachusetts. Matthews are a jerry man.
Jerry mander our state too. Every representative for the state
of Massachusetts is already Democrat. For Cridello, you already did it.
Even Stephen Colbert on his program called out Pritzker and

(01:49:14):
showed him the uh, the congressional map of the state
of Illinois and how it was it was worked over. Well,
you think that this is new and it's sick again.
These are the tricks that these people play to keep
themselves in power. And the funny thing is our country

(01:49:39):
gets more upset. Okt again, this is why I show
you it's our fault, okay, and listens, it's cheating, okay,
but they're allowed to cheat. They can do whatever they want.
People get more We got more upset about the astros
cheating in the World Series there with the signs rose
against the Yankees and the other teams as well than
they do about this stuff. This is all you can

(01:50:01):
fix this very easily simple, not allow it to happen again.
But I don't care. Let me tell you why. I
don't care. Again. If these these states they want to
go all blue, let them, wellam you all you're gonna do.
All you're doing is just speeding up the mass exodus

(01:50:23):
out of your state. More businesses are going to leave,
and they're gonna go to areas that are more attractive.
I don't care what you do in New York Redistrict.
I don't care what you're doing. Do what you want, Okay,
do what you want. I don't live there. Sorry. Watchdog
on Wall Street dot com. Watchdog on Wallstreet dot Com

(01:50:45):
is our sorry. Yes, we are in the midst of
the Jerrymander walls. We'll be back.

Speaker 1 (01:50:57):
Chris Markowski is the Watchdog on wallste.

Speaker 3 (01:51:09):
He gets me.

Speaker 1 (01:51:16):
You should believe in math, not magic. You're listening to
the Watchdog in Wall Street with Chris Markowski.

Speaker 3 (01:51:28):
Hold a mate, Yeah again, it's keep screwing your state
over New York and New Jersey lost one hundred and
forty billion dollars in income and ten years. Think about that.
From twenty fifteen to twenty twenty four, New York lost

(01:51:49):
two million residents. Vote for Zooran, Mom, Dommy, keep doing
what you're doing. We laughed down here to say this.
This lady said, I'm like, you don't understand how many
people are gonna continue move business. They're gonna continue move
Here're gonna move to Texas, gonna move to Tennessee. They're
gonna get out. You know that. That's you know that

(01:52:12):
like Popeye, that's holes. Like I'm saying, it's like fans
more and they're gonna leave. It is what it is. Anyway,
I have to point this out, and I know I'm
gonna get the people. Well, you always picking on Trump man,
Give me a break. I pick on everybody. Okay, I
pick on everybody when they say dumb things. Okay, I'm

(01:52:33):
like the field South Park, they pick on everybody, equal
opportunity bashers. Well, Trump this past week is in front
of a camera, and again I don't nobody called him
out on it. He said that you know we've cut
drug prices by twelve hundred, thirteen hundred, fourteen hundred, fifteen

(01:52:56):
hundred percent. I don't mean fifty percent. I mean fourteen
hundred fiftyfteen hundred percent. What fifteen hundred percent? Huh? Anybody
out there go to their pharmacy to pick up prescription
and the pharmacy said, oh, whoa, whoa, whoa, we'll look

(01:53:17):
at this. This Trump has lowered drug prices so much
that we owe you money. How do you lower prices
fifteen hundred percent? Yeah, there's a competition again. I gotta
have it. This is this year. On June fifteenth, June fifteenth,

(01:53:40):
nineteen ninety two, dan Quail altered twelve year old student
William Figureau's correct spilling of potato to potato tow at
the Munos rivera elementary school spelling bee in Trenton, New Jersey.
And because he screwed that up, oh my god, they
went after a hand him Saturday Night Live. Is how

(01:54:02):
dumb is dan Quail dumb? As Vice presidental that error
basically ruined him, ruined his political career. Dan Quail Potato
potato ruined dan Quail's uh, you're gonna you're gonna get
a rebate now when you're going to CVS or Walgreens.
I'm sorry, it's funny people. You know, I voted for

(01:54:25):
the guy, but hey, come on, I mean, you gotta
laugh at this stuff, you really do Anyway, Again, I'm
gonna give credit here. I think I think Trump is
starting to do the right thing when it comes to immigration.
I think he's starting to recognize here. He said this
this past week. He said, people, people that live in

(01:54:47):
the inner city are not doing that work. They've tried,
We've tried, everybody's tried. They don't do it. These people
do it naturally. It's talking about immigrants naturally. They don't
get a bad back because if they get a bad back,
they die.

Speaker 2 (01:55:02):
No.

Speaker 3 (01:55:02):
No, where he comes up with this stuff, I really don't.
But again, I think he's starting to understand that, yes,
we need to have a sane immigration policy here in
this country. He always says, I love the farmers. I'm
biggest fan ever, biggest fan of the farmers ever. Well,
he's getting worried that it's getting tough out there to

(01:55:26):
find people that can work work in the fields. And
without a doubt, without a doubt, we have to continue
to work towards greater technology and automation, and that is
going to be the future, but we're just not there yet.
You're going to get there, but they're not there yet.

Speaker 1 (01:55:44):
You know.

Speaker 3 (01:55:44):
It's funny mentioned I read a lot of foreign papers
over the course of a day, and it was just
actually a story I was reading in a Greek newspaper
on how they're actually looking now considering bringing people in
from Mexico and Central America and South of America to
Greece to work the farms. The story one day, while

(01:56:06):
watching US President Donald Trump on television announcing plans to
expel Latin American migrants in the United States, promising even
to cover their return costs, Christos Gianakis, vice president of
the National Union of Agricultural Cooperatives of Greece, pick of
the phone. He called Maxis Vorides, then Greece's Minister for
Migration Asylum. Maybe this is an opportunity to bring a

(01:56:26):
few thousand of them to our country. They're Christians, peaceful people.
They could be easily employed in our agricultural sector. And again, yeah,
I know. Italy did the same thing. The Lombardi region
of Italy, where a lot of the dairy has traditionally

(01:56:48):
been produced for Italy. A lot of it didn't have
the workers there, couldn't find the people to do it.
What Italy did was they actually went to India and
they brought in people that worked in dairy and dad
tradition was the Sikhs that are there and they have
brought their families over and they're running a lot of
the dairy industry and around Milan at this point in

(01:57:11):
time in the Lombardi region. Again, if it makes sense,
do it. What we have to stop doing is this.
This is a bad look. When you have a young
girl student at Purdue University walks out of her her
hearing her visa hearing she doesn't have an expired visa.

(01:57:33):
Her visa doesn't expire until the end of this year.
She gets picked up, handcuffed, sent to Louisiana, put in
the detention facility. Her mom for crying out like they're
from Scarsdale, New York. Well, they're from South Korea, but
they live in Scarsdale, New York. You're thinking of, like, hey,

(01:57:55):
nineteen from Steely Dan. Yeah, that's Scarsdale, up state New Organized. There.
Her mom is like a a pastor, pastor doing outreach
to the South treatment and you throw her into an
immigration jail. Come on, Kirsty, Okay, I don't know if
you're you know you got your you're both toxing too much.
There's too much about I mean, you can cut it out. Okay,

(01:58:17):
this is not necessary, use your head, putting kids, college
students in jail. Watchdog on Wallstreet dot com. Watchdog on
Wallstreet dot com. God bless everyone. We'll see you next week.

Speaker 1 (01:58:36):
You're listening to the Watchdog on Wall Street

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