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Well-known author, investment banker, consumer advocate, analyst, trainer, Chris Morkowski.He's the watchdog on Wall Street.
Exposing the lies and myths that the big brokerage firms, the mainstream press, and the government are pushing to keep Americans away from financial freedom.
You can't handle the truth.
Bringing America the truth about what really happens in the financial world.Ladies and gentlemen, we're out here to indulge in fantasy, but in political and economic reality.This is the Watchdog on Wall Street.
To say that we're loaded to bear would be an understatement.Welcome to everybody. The Watchdog on Wall Street.What a week we had.And I'm going to be going to be very, very brutally honest with everybody here.I am.I'm really excited.I am.
Like I said, I'm a realist, though, I said my excitement, I could I could I could turn on a dime. But I, right now, am very, very excited about the future.I am.And I'm here to tell you, it's not because of just Trump.It's not.
When I see the people that are lining up to work with Donald Trump, that gets me excited. My longtime listeners know I'm a big fan of the Paul family, Ron and Rand Paul.I am an enormous fan of Tulsi Gabbard.I think Elon Musk is phenomenal.
I have no interest in buying a Tesla anytime soon, but one cannot deny that he's bloody Tony Stark for crying out loud.
And Robert F. Kennedy Jr., I mean, I talk about the health of this nation and how in the toilet it has been and how unhealthy we are and all this stuff and you've got him there.
And when you're surrounding yourself with people like this, how can one not be excited? I don't know if you're on X and you see the tweets that RFK Jr.
is putting out and the stuff that Elon Musk is putting out and how excited they are about what could happen next.And all Trump needs to do, all he needs to do is he needs to be a ringmaster.Now, I'm old.They don't have them anymore.
The circus was, when the circus came to town when I was a kid, it was a big deal. It's a big deal.
And my father, who is our Cub Scout master, we'd always go with the Cub Scouts, take our Cub Scout troop up to Cohoes, New York, and the circus would come to town, Ringling Brothers and Barnum Bailey Circus.
And I never forget, I said, my brother Michael was always just fascinated with the elephants pooping all over the place and the people that followed behind the elephants to clean up after the poop.Never forget that. But you have it at the circus.
There's a guy in the middle.He's got the big fancy suit on.He's got the big hat.He's a ringmaster.And you got all these things going on at the circus.And you got the high wire act over here.And you got the dancing bears over there.
And you got the clowns over here.All these things going on.And ringmaster, he controls the whole thing.He's the master of ceremonies for the entire show.
And that was truly the one thing that really hit Donald Trump in his first administration was the people that he brought in, the people that he hired, the people he surrounded himself with.I was scratching my head from day one.
But I have to say, as of right now, Pretty darn excited, I am.I want to talk a little bit about the election we're at.I've done several podcasts in regards to our electoral process here in this country, our authoritarian and crooked process.
And make no bones about it, it's crooked.Well, one of the first things that Donald Trump, quite frankly, needs to do
is he needs to get on the phone with Ron DeSantis and have Ron, I don't know, put out a YouTube video, YouTube video explaining how in the world the state of Florida is able to count all their ballots, one of the most populous states in the country, in an hour.
And it takes these other states days.It is very important for people to have the belief that the system is not crooked.And one way of doing that is having a system where, hey, you know what?
We're getting this done quickly, the right way quickly, without all of the nonsense.I'm here to tell you, okay?And I believe this.I believe that the fix was on this time. I do.I think that the fix was on.
I'm watching what was taking place, and I'm seeing the various different pundits, ex-pundits like Katie Couric and other ones, putting out messages saying, oh, never fear, leftists. paraphrasing, this is all a red mirage.You hear that phrase?
Red mirage.I have been following politics for decades and elections and all this stuff and I've never heard that before.And what's interesting was is that was everywhere.Let me explain to you how the mainstream media works.
They all get on the same page. They all push a certain narrative.I'm gonna take you back in time.It's a true story.I got on, I don't know how it happened, but I, in the 1990s, I got access to a thing that was called Journalist.
And journalists, this is back in the 90s for all you young people, they had these things, they had these chat rooms, they were called, where you could get invited in and you'd be in these chat rooms.
And journalists was a chat room of all of the editors of the major newspapers and networks and journalists out there where they would basically get their story straight.They would get their story.This is how we are going to cover this.
And it was fascinating.It was fascinating, they all saying the same thing.
Rush Limbaugh, back in the day on his program, he did a montage of all the journalists out there basically using the Latin word gravitas to describe Dick Cheney when George W. Bush appointed him.
Like how in the world is all of a sudden every single media outlet out there, every pundit out there, all of them are starting to speak Latin all of a sudden. No, no, they all get on the same page.
And that's what they did this time around with the Red Mirage.Never fear, it's a Red Mirage.Then I started seeing, I had various different feeds and networks going. where they were saying, oh, don't worry, everybody.It's gonna be a long night.
This could take days.This could take days.Go to bed.Since when have you ever heard network anchors, people on TV, telling people to turn the TV off and stop watching?Go to bed, everybody.It'll be all okay in the morning.And I had a pit in my stomach.
I was like, uh-oh, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no.And well, word on the street is that the Trump administration threatened, threatened everybody.I had to say, hey, listen, you gotta keep this count going.
You're going to keep this count going.We're not to stop the count.They wanted to do it in Pennsylvania.It's against the law.But they wanted to do it anyway. The fix was on, without a doubt, but it got thwarted.
It got thwarted, the exit polls, I guess that they figured they couldn't pull it off.One of the most striking things, one of the most striking things out there.And again, I will go back, go back to 2020.2020, Trump screwed up.
He screwed up, his campaign screwed up, telling people not to early vote and whatnot, and especially it was during the whole COVID nonsense that was taking place, but he also screwed up not having enough people watching the polls, watching what was taking place, having poll monitors that were out there.
Now, I'm sorry, I don't care if you're left, right, it doesn't make any difference.Take a look at the numbers.
How in the world, okay, just get your arms around, how in the world they're saying that there was a record turnout in this election, yet there was 18 million fewer votes than in 2020?How is that possible?Show me your work, show me your math.
You can go back to Obama, Democrat, 65 million votes. You go on to Trump, Hillary Clinton got about 67 million votes.How in the world did Joe Biden get 82 million votes in 2020?Joe Biden!
And now we're back down here with Kamala Harris with around 65, 66 million votes.Don't, don't, don't tell me the fix wasn't on. Because it was.It was.And it's that important to take care of this.
I really think that Donald Trump should really go after this.Because the future for this country, unless this is dealt with, unless we fix our system, and our system is, it's Banana Republic-esque.
You know, any other place around the globe, you have to show ID.You have to prove who you are.Unless you fix this, The future of this country, we are on a trajectory to one party rule, and we don't want that.We don't want that.
I want to talk a little bit about the media and where we're at today.Talk a little bit about the media.The media blame game, which again, that kicked into gear right away.
Again, all the pundits, MSNBC, ABC, CBS, NBC, they couldn't even contain their contempt for what has transpired.It wasn't like this.All you younger people out there, it wasn't like this when I was growing up.This wasn't allowed.
You couldn't do this.The sign of a good journalist was someone that would go on air and you wouldn't know whether they were left or right.
They, and again, I never in my entire life, never in my entire life have seen the type of language, the type of vitriol, that was spewed by pundits in this election.The use of the word fascist, Nazi, Hitler, Mussolini, it's completely over the top.
And again, you know, the media's given their analysis and who they're going to blame.Blame Biden, he didn't jump out earlier.Yeah, but you guys are the ones that were saying that he was all okay for an extended period of time.
Blame this one, blame that.You had Joe Scarborough say that Latinos, men, and what are the group?They're racist and misogynist.I mean, a lot of is out there.A lot of is. Maybe, just maybe, you fools, that people are starting to think for themselves.
People are starting to think for themselves.Wouldn't that be nice?Wouldn't that be wonderful?People listen to this show, all the people listen to my podcast on a daily basis, people who listen to Joe Rogan, because Joe Rogan says the same thing.
I can't tell you what a privilege and an honor it is and how seriously I take what I do.How serious, how important it is to me to get it right. I work very, very hard on trying to get everything accurate, right.
I give my opinion here on the program, and as you all know, I'm honest with you.I'm not affiliated with any party.Yes, do I have a belief system that I follow?Yes, I do. But what do I tell you here in the program?
If you don't believe something that I'm saying or I'm trying to tell you, I encourage you, look it up.Do your own homework if you don't believe me.Don't allow pundits and talking heads to do your thinking for you.You can't do that.It's lazy.
With that being said, These people that go on TV and what they are doing, what they are doing, quite frankly, in my belief system,
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In my definition, quite frankly, it's evil.It's evil.It's a no-no.It's a big evil.Lying and misleading people, it's an evil. And I want to talk a little bit about that.I do.We're going to take a quick break right here.I just took a look at the clock.
We're going to get into this.We've got a lot we have to go over on the program today.I do want to remind everybody again, I welcome each and every one of you to our family, the Watchdog on Wall Street family.
Get to our website, watchdogonwallstreet.com, our personal CFO program, our podcast, our newsletter, all sorts of great stuff.You don't want to do that, okay, we have 24-7-800-471-5984.Sign up, we are to help you with everything.
Watchdogonwallstreet.com or give us a call, 800-471-5984.We'll be back.
taking Wall Street's liars, crooks, and cheats out behind the woodshed.You're listening to the Watchdog on Wall Street.
Welcome back everybody, it is the Watchdog on Wall Street show.Yes, I do believe.I do believe that the people in the mainstream media thought that the fix was on, that something was gonna change.
How can you explain all the facts that are right there in front of them, but they were all acting like the Black Knight The Black Knight from the Holy Grail, Monty Python.Oh, I'm fine, it's just a flesh wound.
No, no, no, no, I lose his arm, cuts his leg off.And again, if you're not a fan, I'm a fan of Monty Python.But anyway, the fix was on.Something that, like I said, to me, everyone's different and unique and it's my Catholic mindset that
When you are in a position, when you are in a position, when you have a microphone, or you are teaching a class, or you are a parent, or you are a coach, whatever it may be, again, what have we been preaching here on the program?
We all have to be teachers, build, create, protect, and teach.When you lie, When you knowingly lie or push narratives that you know are not true on people, that's evil.That is evil, and I can hate that evil, okay?
I'm not allowed, not allowed, not allowed to hate the people that are doing it, but I can hate what they're doing.I can despise their actions.I can despise, I can hate the evil that they are spewing out. This is some simple things.Wisdom of the ages.
From the Bible, teachers should demonstrate integrity, dignity, and sound speech.Again, you're a pundit, you're on TV.And one that, again, that I take very seriously.
Teachers will be held to a higher standard of judgment because their words have a deep impact on people's knowledge of God and Christian character, and that applies to everything.What these people are doing is wrong.
And I'm gonna tell you what else is wrong, too.Okay, and there's a great temptation out there, and I get it.
I get it, end zone dance, spike the football, you see it all over social media with these threads that are out there of these young people, young people having, you know, collectively freaking out over the election and what happened.
You know, I call it, you know, basically election meltdown porn. for people.You want to watch the people on TV, these so-called teachers, okay?These false teachers, these fraudulent advisors.
Dante has a circle of hell in Dante's Inferno with fraudulent advisors.You want to watch them meltdown, that's one thing, okay?But children? Children, no.And that's what they are.They're children that have been lied to.
They're children that have been misled.One more bit on this when we get back, and then we've got to get into our post-election investment roadmap.A lot more we've got to go over on the program today.Watchdog on wallstreet.com.
Watchdog on wallstreet.com is our site, personal CFO program, podcast, newsletter, you name it.Watchdog on wallstreet.com.We'll be back.
Chris Markowski is the Watchdog on Wall Street.This is the Watchdog on Wall Street.
Guys... Avoid the temptation.I know, I know.Yeah, look at all these liberal kids out there with their blue hair and their nose rings and having meltdowns on social media and they're all losing their mind.They don't know any better.They don't.
These people are worthy.Worthy of our prayers, worthy of our pity.I feel sorry. for them.I do.I talk about this all the time.You don't understand people's backstories.You don't know what type of household they grew up.
You don't know what type of parents they have had.Obviously they have parents that have taught them to be critical thinkers. They let other people think for them.
These people honestly believe, many of them honestly believe that they're going to get wound up by Donald Trump and sent off to some concentration camp.
As stupid as that is, you should be thankful that you are a critical thinker, that you were taught properly.They weren't. They weren't, and they are worthy of our sympathy and prayers.
We're supposed to forgive the people on TV because they know exactly what they're doing, and that's a much more difficult thing for me to do.Watching them meltdown, I don't have a problem with that.
And again, this is something we've been covering, we've been talking about here on this program for years. for years.I left the Republican Party over 15 years ago.Why?
Because I was disgusted, disgusted with the Blue Blood, Country Club, Caddy Shack, Judge Smails, Dr. Beeper, Republican Party.No different than the people on the left, okay? Elitist that want to run the show and tell people what to do.
They just do it in a different way That's when we talked about our watchdog on a watchdog on Wall Street axis of evil big business politicians and the media Working hand in hand to further their needs George Carlin does bits on it.
We played it here on the program It's a big club and you ain't in it We're better than this.And again, I'm getting back to what we've been trying to get across here on the program.
What we all need to do, Your Honor, help make America great again, build, protect, create, and teach as difficult as it may be.Don't mock.Don't mock these children.Don't mock these kids.They don't know any better. They have been misled.
I've never seen the type of garbage coming out from the mainstream media.It's insanity to me.
Now, I remember you'd have different groups and the real wackos when George W. Bush was president in regards to the Iraq war and using Nazi rhetoric at that point in time during an election.
Some of the things that these kids believe, then you kind of understand how Jim Jones was able to get people to drink the Kool-Aid, because that's what they're drinking.We need to be better than that.We really do.And it's going to take all of us.
What I'm going to do right now is I'm going to end this segment early because I got a lot we got to talk about on the investment side.And again, I want to remind everybody, okay, this is important, okay?We are helping everyone out.
Many phone calls I get, many phone calls that I get, many emails I get, people asking me, I only got this amount of money, can you help?We help everyone.
Sign up for our personal CFO program, sign up for our podcast, our account repair kits, annuity help kits, all sorts of great stuff at our website at watchdogonwallstreet.com.That's watchdogonwallstreet.com or give us a call at 800-471-5984.
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The only man who is taking on the Wall Street establishment.You're listening to the Watchdog on Wall Street with Chris Markowski.
Welcome back, everybody. It was a little over a week ago.
I did a podcast and it was entitled the New York Yankees and your portfolio The point the point of the podcast was is that and again I'm a Yankee fan and the reasons why the Yankees lost the World Series is the fundamentals the fundamentals or lack thereof
The New York egg is in your portfolio when I was talking about was the fact that you better follow the fundamentals when it comes to your portfolio or you're going to lose.You're going to lose.
Again, I've been doing this program for 25 years now and I repeat myself again and again and again. because there's a right way of doing things and a wrong way of doing things.
I think it's number 19 or 20 on my Watchdog on Wall Street, Markowski Investments Guide to Financial Independence.People ask you about financial advice, you bore them.And I try not to be boring here on the program.I don't, but I get it.
I understand, like, you know, you're listening to this show.Listening to this show, I'm trying to, not one of those bad vaccines that Robert F. Kennedy Jr.is going after.I try to vaccinate you from insanity.
What we try to do here, it's part of our personal CFO program.You'll see it there on your site.How to navigate financial storms, corrections, run-ups in the market.How are we able to be calm and steady through everything?
Man, markets are freaking out.The last big massive freak out in the markets was the stuff that was taking place during COVID.And again, people started losing their mind.Losing their mind all over the place.Phone is ringing off the hook.
I don't know what to do.It's going to get shut down.Should I sell now?I can get back into the market.I'm like, what are you thinking about?Listen. You can't do this.You cannot time the market.It's an exercise in futility.
Market downturns for us have been enormous opportunities. It's nice to see, it's nice, and we'll talk about the post-election stock market jump a little bit later on in the program.
I'm sure you see everything, you'll look at your portfolio, it's up, it's doing great, it looks fantastic.But again, it makes my job a little bit more difficult, because again, I'm a long-term guy. I'm a guy that likes to buy things on sale.
I mean, you're buying something, wouldn't you rather pay less for it than more?Every single time the market drops, whatever it may be, oh boy, what a mess.We gotta run.Maybe I should go to cash.Then I'll jump back in later on.No.
No, in reality, those are the best times. That's when wealth is truly created.The markets, people, markets, it's like a manic depressive.Think of the market as someone who is, it's like a manic depressive market.
Oh, everything's great, everything's fantastic.Oh no, everything is terrible.You don't have to play into that. One of the things that we talk about and it's on our process, okay?Our process.
And when I'm explaining process here on the program or explaining it to somebody, we're like, well, that's obvious.That's obvious.One of the things on our list is don't lose money.Don't lose money.Don't make stupid mistakes, again.
Is everything you own is it always gonna go up?No But those big mistakes they cost you too much When you're making mistakes when you get emotional about what's going on you will lose
We're going to get further into our Wall Street wisdom and post-election roadmap when we get back.But again, take advantage, people.We invite you to become a part of our Markowski Investments family.Watchdog on wallstreet.com.
That's watchdog on wallstreet.com.Or give us a call, 800-471-5984.
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Yeah, Jim Kramer didn't disappoint.Again, he is the poster child for time in markets and... Buy, buy, buy!Sell, sell, sell!
uh... nonsense he didn't disappoint again uh... he uh... tweeted out to act up before the election the kamala harris is going to win everybody should known right then and there are going the opposite direction uh... never in my entire life of i've seen a guy with uh... so much press uh... so much exposure out there and as wrong as much as he is it's like jim kramer and economists that come from ivy league schools
It's amazing to me, it truly is.I remember, again, I remember Jim Cramer.Jim Cramer during the financial crisis was on, I think it was on the Today Show.Again, it's Jim Cramer.
And he was telling everybody that if you need your money for the next seven or eight years, you better be out of the market.And I was like, what a fool.What a fool.What he should have been telling everybody is to Dollar cost average, buy more.
Everything is on sale, which we did.And it ended up being one of the greatest buying opportunities ever.Our process, people, yeah, it's not, I'm being honest here, it's not exciting.It's not boring.
It's the same process that Buffett and Munger and Graham and a list of people, all these guys, that have been doing so well for so long, some of them are no longer with us.They have a process and the process, yes, is boring.
It is dollar cost averaging, putting money away on a regular basis.Everything we're doing, yeah, it's repetitive, it's automated, but it works. Investing is a continuous process.It's not supposed to be exciting and interesting.It's a responsibility.
It's a grind. If you're going to, you want to be excited, you want to go to the markets because you want excitement, you are going to lose.And I made this suggestion before.
If you want to do that, go to a casino because at least they'll throw in some free drinks and maybe a buffet.And if you spend enough money, you might get a free room and a show.You think the stock market is a game?No way.
You need to have your investment policy put together and a process put together that works.I remember, this is off the top, I just popped my head, I was on vacation, this was, I don't know, almost eight, nine years ago, maybe longer.
I was with the family and we were in Italy and we took a drive out to Medina. which is where Ferrari is located.We wanted to see the Ferrari factory in the museum.
And we also got to see, there was another super car maker named Pagani and got to go through their factory and watching them put together and make these car at the time, the Pagani was like a $2 million car.
And watching the stuff being handmade and the process that was involved. This wasn't exciting and working on these carbon fiber Parts putting them into the oven if there was one thing wrong poop.
It was done away with but the end result Wow take a look at these cars The process the process is boring, but it works It's what the end result is
You know, you're trying to guess, you're trying to change based upon who the president is or who the president isn't or who this is or that.It doesn't, it doesn't work.
These tons of colontins are, oh, what's going to happen in the markets if Trump is president?What's going to happen in the markets if Harris was president? They put out all of those columns.Let's go back, if you will.Let's go back to our 2016.
Did they have any idea that COVID was gonna hit?And the things that were gonna happen there?This is why people that go online with the Robinhood and all these day traders lose.Again, you wanna trade?You know who you're trading against?
You don't have, you know who you are up against?You're up against the Citadels of the world.You're up against the Goldman Sachs, the JP Morgans.That's your competition.
You realize that over 95%, over 95% of the transactions done every single day in the stock market are done by institutions? They're done by institutions.Let me put it to you another way, okay?
How many of you out there have ever played, how many of you played a sport?I'll throw it this way, football, okay?I was a, okay, I'll go back.I was a pretty good football player.
I was a pretty good football player, but in high school I was, you know, 5'10", I was about 195 pounds, played middle linebacker.Now, I've been to a pro football game.
Any illusions that I could get on the field and actually bat, even when I was young, and compete at that level?No way, no how!Uh-uh, not gonna happen.Why in the world are you trying to compete and try to out-trade these big institutions out there?
They will drink your milkshake and they know it.This is why they want you involved.They want to pick your pocket. I've told this story before, this is back in the 1990s.I'm being interviewed.
Oh, what do you think about the future of, you know, managing people's money and financial advisors is what all of the Ameritrades and the E-trades and this trade and that trade.And I laughed.I said, who do you think funded all of these firms?
The big firms.They want suckers out there.They want greater fools that are going to do stupid things with their money.You're trading against them.
It's like, it'll be like the Kansas City Chiefs, you know, picking their schedule for the entire year and lining up, you know, continuously either the Jets or the Panthers. That's what they do.Don't be a greater fool.Do things the right way.
Get to our website.Sign up for our personal CFO program.Learn how we've been doing it for three decades plus for our clients.Watchdog on wallstreet.com.Watchdog on wallstreet.com.We'll be back.
Well-known author, investment banker, consumer advocate, analyst, trader, Chris Morkowski is the watchdog on Wall Street.
Exposing the lies and myths that the big brokerage firms, the mainstream press, and the government are pushing to keep Americans away from financial freedom.
You can't handle the truth.
Bringing America the truth about what really happens in the financial world.
Ladies and gentlemen, we're out here to indulge in fantasy, but in political and economic reality.This is The Watchdog on Wall Street.
Welcome, everybody.It's the Watchdog on Wall Street Show.I continue on here about some warnings, if you will, about what's taking place out there for investors, what the environment is like right now.
And again, this is taking me back to our infancy, the roots of this program, Watchdog on Wall Street Show. I was called the watchdog on Wall Street because that's what we covered, rip-offs, scams, here, there, and everywhere.
Before I had a radio show, warned everybody about the dot-com collapse, warned everybody about Enron, and Dyna-G, and WorldCom, and all the fraud that was out there, and we got laughed at.Nothing really much has changed in regards to how things work.
You are, this is reality people, you are a mark for most in this business.You are a greater fool.
I've chronicled here on the program some of the internal emails that I got a hold of taking place at JP Morgan, Goldman Sachs, Merrill Lynch, Bank of America, Wells Fargo, between the various different workers and parties there and what they think about you, their customers.
They're there to get your money out of your pocket and to put it into theirs.There's that scene in the movie, The Wolf on Wall Street, where Matthew McConaughey is talking about that.Job is to take client's money and put it into your pocket.
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I had that exact phrase said to me back in the 1990s when I, again, first couple years in the business,
Sales manager upset because I wasn't doing enough in commissions, wasn't churning my book enough because he gets paid off that.Wouldn't listen to him.Ah, you're never gonna make it in this business, Markowski.
That's not the client's money, it's your money.That's a direct quote.That's what they think. And part of the ruse is, people, is that you think that there's justice on Wall Street.You think that there's justice in this investment world.
You think you've got your SEC.You think you've got your FINRA.Right.Oh, you can sue and go to arbitration, which will take you years and cost you a fortune.Why?Why do that? Why do that?Why put yourself in that situation?
Why would you work with entities that are essentially omnipotent?No matter what they do, they're never held responsible.But let's talk about this.Again, it's in the news now.But it's very upset about how the pharmaceutical companies
get a pass on vaccines.They gotta pass on the COVID vaccines.They gotta pass on other vaccines.They can't be held liable if something goes wrong.Based upon what happened to me, it almost killed, the vaccine almost killed me.
I've told that story here on the program.I can't sue.I can't sue.Well, you can, well, we can still sue the big brokerage firms and what? But what's gonna happen?
You're gonna go head-to-head with their lawyers, and let me tell you something, you can't afford their lawyers.They'll probably settle with you, they'll give you something, and they're gonna walk away, and it's a bloody parking ticket.
Let's put it in perspective.Do you know how much JP Morgan has spent just on their legal fees? Just their legal fees fighting customer complaints in the past two years, $2 billion.$2 billion.You know Goldman Sachs?
Goldman Sachs, remember they got, oh, they became a commercial bank, right?And they decided they're gonna do a credit card.And they got Marcus there.All the people that were defrauded with that, Oh, I got it.Huge people calling up.
Charges weren't made on their card.Goldman Sachs not doing a card thing.Oh, they got fined.They paid $64 million fine.Who got the money?Well, the government got the money.You didn't get the money.I can go on and on and on and for the life of me.
Okay?You want to use one of these big banks because, again, they're going to lend you money, you're going to get a loan, because that's what banks are supposed to do.Supposed to be the business of lending money out.
Why in the world would you ever allow them to manage your funds?Why?When they have proven time and time again, these big outfits, that they could care less about you.You don't matter.You are a number.
And no matter what they do, no matter who they rip off, no one's going to be held responsible.They'll pay a fine and they'll walk away.And that fine is nothing.It's a cost of doing business.It's akin to a bloody parking ticket.
Let me tell you something else that's really upsetting to me and happening in our industry.One of the things that we do at Markowski Investments is we know that finding good financial advisors is a difficult thing.It's few and far between.
And many, many good financial advisors, they want to retire. They can't, it's a lot of work that's involved, everything that goes along with it, all of the compliance that's involved.Again, they might not have any family members.
They haven't been able to bring anybody on to help deal with some of the work and they're looking to retire.And we have been helping people.We've been helping good advisors around the country, bringing them on board, helping them through the process.
We're starting to manage their clients.Well, there's a new player. and to many players in town.Private equity.Private equity is taking a look at the financial advisory industry and they're licking their chops.They're licking their chops.
And what we're seeing right now is these private equity firms who've got no experience managing anybody's money, but they got a lot of cash.They're convincing.
They're convincing many advisors to sell their business to them, and they're writing big checks.They're writing big checks.So again, we're good at seeing trends, what's going on.
We're seeing an incredible amount of, a lot of our new clients that are coming and new members of the Markowski Investments family are coming
from well from these private equity uh... advisory firms that have been put together because they're getting their butts handed to them after their advisor sells Now, I'm sorry, okay, I understand.I understand, you know, you worked your tail off.
This is two advisors out there.And you're getting to that point when you want to retire.And the private equity firm is dangling all sorts of cash in front of you.All sorts of cash, they're gonna buy your book of business and you can walk away.
Okay, again, it's like there's like a devil and an angel on your shoulder, like an animal house. You ever ask yourself a question how your clients are gonna do or are they gonna actually be taken care of by this crowd?Man, is this a warning?
Warning to many people listening to this program right now, you have an advisor, they're thinking about retire, selling my business to so-and-so.Who are they selling it to?
Are they selling it to a family-run company or are they selling it to a private equity firm?
You know how many people, how many clients that we've gotten because these private equity firms have taken over these family advisories and they're firing clients?Say, oh, nope, nope, you don't have over a million dollars, sorry, goodbye.
We would never, ever do that.We help everyone out. Listen, people, you have to be on your guard.I have gone off on private equity for years here on the program and what they have done to many companies.
They're looking to actually get into the HVAC business and buying up HVAC companies. They don't care at this point in time.
They really don't and it's like I said, it has nothing to do The corporate Raiders from the the 1980s was a different ball of wax They are going to churn and burn that book of business They've got to get a return on their investment for the shareholders of the private equity firm.
Trust me.I know I You don't think that they made us the offers at Markowski Investments?Oh, Chris, you know, your brothers can retire.You'll have generational wealth.You won't have to worry about doing the radio show anymore.
Oh, you can do it if you want to.Think of the freedom that you're gonna have.I know exactly what would happen.They would buy up my business and they would churn it and burn it and spit it out.
So this is a message to advisors that is this program, and this is a message to clients of certain advisors out there.When they're telling, oh, I'm looking to sell, I need to retire.
Because again, by law, your advisor has to have a succession plan, by law.You might want to ask your advisor what his or her succession plan is.
You don't want them all of a sudden saying, oh, you know what, I'm selling to a private equity firm and then you're lost.
Being managed by some incompetent boob right out of college who doesn't know what they're doing because I have to pay them anything.That is, people, this is the reality of the terrain right now.I'm warning you. Okay.
And like I said before, I tell my kids every single year, you got to buy me a shirt.Dad, what do you want for father's day?I said, go buy me a shirt that says, don't doubt me.Okay.And just read it.We see what's happening.
We see the writing on the wall and it's, it's every single day I am.Oh, so-and-so private equity buys this family office.So-and-so private equity buys this advisory firm.And I'm like, Oh no, these poor clients.
These poor clients, because again, how do you make it work?How do you make it work?The numbers that they pay to buy the business, and then again, they have kids.Kids with no experience whatsoever.Oh, they might be friendly.
You can mold them, you can tell them what to do, but they don't know what they're doing.And people are losing, big time. Not to mention some of the nefarious types of investments that they're putting people in.More alternative crap.
More private equity nonsense that they don't belong in.Alternative investments.High risk.Just dealing with another one here in North Carolina.Another private equity firm out there putting people in, elderly people. into high-risk investments.
Oh yeah, they'll sugarcoat it, they'll make it sound like it's awesome, but it's not.We're here to help people.You know, we're here to answer your questions, okay?We're here to answer, we're gonna level with you, tell you what the situation is.
Again, I invite you.I invite you.Contact us.Get to our website.Go to watchdogonwallstreet.com.Send me an email.Call me.People are shocked.I had several times this past week.This is Chris?Yeah. Yeah, yeah, I put my pants on just like you do.
I'm not too good to answer the phone and help anybody out.That's what we're all about.That is the Markowski indifference.You're dealing with one of us.You're dealing with the Markowski. Sign up for our personal CFO program, watchdogonwallstreet.com.
Sign up for our podcast, our newsletter, account repair kits, you name it.All sorts of great stuff there at our site, watchdogonwallstreet.com, or give us a call, 800-471-5984.That's 800-471-5984.
Bringing America financial freedom one listener at a time.You're listening to the Watchdog on Wall Street with Chris Markowski.
I actually had this question presented to me as presented me.It was kind of funny with some markets went up like gangbusters a day after election.Why did that happen exactly? You know, there's more buying pressure than selling pressure.
But if someone held a gun to my head and I couldn't give that answer, and I had to tell somebody why, why I thought the markets were up to that degree.It was pure and simple, in my opinion.The end of red tape nation.
I've written extensively about red tape and regulations and what it does to this country.A column I did talking about the Lilliputians on steroids, where all the Lilliputians are tying down Gulliver.Well, that's government.
That's what government does to entrepreneurs. Entrepreneurs, business owners, people who take risks to me.I've talked about this.They're my heroes.They're my heroes.Yeah, do I love athletics and watching people excel in athletics?I do.
But man, I'm jumping up and down when I see a successful business, a great idea. a successful restaurant.Do you understand?Again, it's one of the best things about what I do for a living.
I have small business owner clients all over the country and to watch them grow their business and to watch them overcome obstacles and achieve goals and be successful, it's a rush. It is.It really is.I love to coach kids too.
I love to see kids overcome obstacles and achieve goals and build.I love to see people build generational wealth over time.I mean, this job is great for me.I love that stuff.That fuels my adrenaline. But we need to have more of that.
And again, this is what separates this country.This is what's truly great about this country.Nicholas Nassim Taleb talked about that.We've got all these holidays here in this country.Celebrate this, celebrate that.We have Entrepreneur Day.
That's a day that we should have.And we live in a country and environment where it's okay to fail multiple times and pick yourself up.
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And move on.And try again.However, however, the government, the government makes that quite difficult in many respects.
Years ago I was during the Obama years I was describing the environment at the time because it was one regulation after another regulation after another rule after another rule I said, it's like getting up in the morning your small business owner and you look outside your window and Your your whole yard and driveway is a minefield.
It's like a demilitarized zone.I And every single day, you try to spot the mind so you can basically get to work and do your business, run your business.And the next day you wake up, you look out the window, and they move the minds again.
And that's what it's like.And I'm gonna be honest with you people, many people say, yeah, it's not worth it.It's not worth my time.It's not worth my effort.Let's put this into perspective.
During the Biden-Harris administration, they added on almost $1.8 trillion in regulatory costs on Americans.$1.8 trillion.Just to put this in perspective, under Obama, Obama was 490 billion under Trump.
It was 3 billion Because you do remember one of the things that Trump was doing what as well was what?Was he was for every every new regulation.
He was forcing him to get rid of some ridiculous regulations somewhere else We need more of this we need to get rid of red tape nation another thing I want to talk about is
And again, this would be fantastic for our economy, fantastic just for growth and the future.Get rid of the damn subsidies.Get rid of them.Even Elon Musk.Elon Musk, when asked about it, he gets a $7,500 tax credit for the Teslas being sold.
He talked about the Inflation Reduction Act, all this green job stuff.Get rid of it, get rid of it all.But you know what you also gotta get rid of?You gotta stop subsidizing oil and gas.Survive on your own.Don't survive on more taxpayer money.
All subsidies do is it keeps companies afloat that might not, should be afloat, that should probably die, and it makes our prices go up. watchdog on wall street dot com watchdog on wall street dot com you're listening
Taking Wall Street's liars, crooks, and cheats out behind the woodshed.You're listening to The Watchdog on Wall Street.Yeah, no more damn subsidies!
Why do we subsidize gas stations?Why in the world do we need to subsidize charging stations?Get rid of it!Get rid of it!
If a gas station wants to put up a charging station, let them invest in it, let them put up a charging station, let them charge what they want for it.Taxpayers shouldn't have to subsidize this nonsense.
Think about the things that are most subsidized in our society.What do you think they would be?Oh yeah, college education, healthcare, right?Boy, the costs on those things come down?No. No, you need to do away with this.And again, I'm sorry.
I'm sorry.Oh, I know because you get Republicans and Democrats.They love to show up at projects and they love to bring their little golden shovel and they love to, you know, dig a hole in the ground and get their picture taken and both sides.
Both sides.I made fun of Donald Trump with the Foxconn plant in Wisconsin with Scott Walker. You know what they're doing at that Foxconn plant right now?I'm not kidding you, it's a wedding hall.They're holding weddings there.No.
No, you don't need to give taxpayer money to billion-dollar corporations.They're a billion-dollar corporation.Let them figure it out by themselves.
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Anyway, and this is some of the stuff that it leads to.You're taking a look at what's going on in the auto industry in this country right now.Ford.Ford just announced that, yeah, they're stopping production of the F-150 Lightning pickup truck.
They're stopping production. Yeah, the funny thing is, and again, I don't know how these people get their jobs.They sold 22,000 of these Ford F-150 Lightnings.They were supposed to sell 180,000.They are losing billions of dollars.
Billions of dollars on making electric vehicles.Why?Well, because the government told them to. Government ordered them to.Marcy and Mayor Pete, no one's forcing you to buy an electric vehicle.
No, but you're forcing the car companies to manufacture them, and when they're losing their shirts because they have to make a car that nobody buys, it drives up the price of another car.It doesn't make any sense.Let the market decide.Stay out of it.
Anyway, I gotta move on.You know what I wanna head on to?I have to, this is going back, a little bit back to some of the politics.Forgot to mention this first hour of the program, we were delving into it.
Watching some of the establishment Republicans out there. Talk about Donald Trump and the end of the Republican Party.That is officially the end of the traditional Republican Party and the party of Reagan.I'm tired of hearing that crap.
Let me give you a bit of history.First and foremost, the establishment types hated Reagan.They wanted no part of Reagan.They didn't.They didn't like Reagan at all.And as great as Reagan was, Reagan wasn't perfect.
by any stretch the imagination the death of the republican party uh... great i think it's fantastic i don't like the blue blood republican types the republican party by design should be the working man's the party of a level playing field of opportunity of building and growing that's what it should
and that's what it needs to get there, that's where it's going.This old school, fuddy-duddy nonsense that people keep hearkening back to.Are you out of your mind?No.
No, we need to get back to, you wanna talk about a real Republican, you're talking about the Republican Party that was non-interventionist for crying out loud.That wasn't looking to start wars and remake entire parts of the world.
Nothing wrong with that.That's what we need to get to.And again, you know, it's going to get hammered on.It's going to get hammered on any sort of new idea.Remember Tea Party? Guys, I was heavily involved when the Tea Party first started.
Taxed enough already.What did they do with the Tea Party?Demonize that.Oh, a bunch of wackadoos out there and all sorts of nasty names they were calling.Wait a second.
The entire idea was just to curtail government intervention and government spending, but they wrecked it. Well, first, the Republicans infiltrated it.Remember, when the Tea Party first started, they weren't allowed.They didn't allow.
They didn't allow any politicians to be involved.That was a good thing.Another thing I wanted to touch on, Joy Reid.Joy Reid on air, this is during the election night, called the state of Florida fascist. And this, again, ticks me off.
Either she's really, really stupid, or she is, well, just the stuff that she's spewing is just evil.She's knowingly misleading people.
How is a state, how is a state that is all about freedom, all about the Constitution, a state that said, hey, enough with these stupid COVID regulations, this doesn't make sense, we're opening up? How is a state like that?
A state that is running a budget surplus.A state that's able to count votes in an hour.Can you explain to me how that state is fascist?
No, she's just upset because Ron DeSantis has done such an unbelievable job in this state that Donald Trump almost won by two million votes. Watchdogonwallstreet.com.Watchdogonwallstreet.com.
Don't go anywhere, but if you do, make sure you get to that website.Watchdogonwallstreet.com, our personal CFO program, all sorts of great stuff.Watchdogonwallstreet.com or give us a call, 800-471-5984.
This is the Watchdog on Wall Street.
You know, while we're seeing auto manufacturers here, you know, shut down, idle plants all over the place.Not just here, in Europe as well.We'll get into Europe next hour on the program.
Jeez, how is it that Toyota is making additional investments here in the United States?Expanding billions of dollars.In what?EVs?No, hybrids.Hybrids, why?Well, people want them. People want the hybrid, but again, we would have known that.
And all of these corporations would have saved ungodly sums of money, and their workers would have made more money.And the workers at Ford, because of the losses, the losses that they're taking at Ford because of EVs, cuts in to Ford's profits.
They get bonuses based upon the company's profits.So stupid. Anyway, quickly on this one.Honestly, God bless.God bless Robert F. Kennedy Jr.God bless him.Again, I might have voted for him.
I might have voted for him if he was actually running and he had gotten to a point where he was a viable choice.And quite frankly, quite frankly, listen, you know, the Democratic Party won no part of him whatsoever.
No part of him whatsoever, which is kind of sad.But he was actually, he was asked a question.It was actually on Chris Cuomo's program, talking about how he's going after all of these big entities out there.
And they call and ask him, well, he's gonna live.They're gonna come after you.And his answer, his answer is something wonderful.Something we should all do, we should all aspire to.There's a lot worse things than dying.
And one of those things is living, living like a slave, or having your children lose all of the freedoms so that many generations of Americans died to give us and to protect.
We have to be willing, our generation, to make sacrifices, to make sure that we don't lose them. We've seen the unprecedented attacks on our freedom of speech, our freedom of worship, on the amendments of the Constitution over the past three years.
And it's important for everybody to stand up and say, we're not going to do this.Even if there's some risk involved, reputational risk, salary risk, we need to make sacrifices for our country. Amen.Amen.Hallelujah.God bless that statement.
Robert F. Kennedy Jr.That's what we need to do.Build, create, protect, and teach, whatever the cost.Watchdog on WallStreet.com.Watchdog on WallStreet.com.Don't go anywhere.We'll be back.
This Markowski is the Watchdog on Wall Street.
I'm not afraid of the dark if we got to live in the dark.
The only man who is taking on the Wall Street establishment.You're listening to the Watchdog and Wall Street with Chris Markowski.
Yeah, no, no Mary Poppins here.No spoonful of sugar to make the medicine go down.
Like we have in our intro I'm going to echo political and economic reality and we got to go over some of the the economic numbers Because no one's really reporting on what's really going on in this country Go back to the jobs report that came out private jobs declined by 28,000
Government jobs.Hey, that's what we need more bureaucrats More more government workers looking to kill pet squirrels and raccoons that that grew by 40,000 Think about that And not to mention the fact that, um, we have been lied to.
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Over the past year, the revisions downward for the jobs and jobs Friday when they were pouring on the jobs number revised down by almost a million jobs.Does that sound like we're pulling?No. You're taking a look at the internals here.U.S.
manufacturing. Oh, yeah, the Harris on the campaign trail Biden.Oh, yeah, man.Your factoring is doing great here in this country.Well, no, you are what your record says you are.
The manufacturing sector in this country has been in a recession for 24 months.That is the longest streak that we've had since the 1990s.It has shrunk 23 out of the past 24 months.This is despite.
Your inflation reduction act, despite your chips act and all the other crap that you're doing, it ain't working.How do you spend trillions and trillions of dollars on all this stuff and have it go nowhere?Nowhere.
Again, and then take a look at real estate. here in this country.I'm going to talk about commercial real estate first.Right now, we are looking at numbers, commercial real estate sector that we haven't seen since 2008.
Since 2008, these banks right now are playing extend and pretend, but the reality is they can't, they're not gonna be able to pretend that much longer with rates where they are.
And I know we've talked about this here on the program, and I'm gonna be honest with you, my fear is I can't, no more bailouts, that's all I gotta say. We had another round of freaking bank bailouts during the Biden administration.
Taxpayers on the hook again, because these were well-connected banks out there in California.I don't want it.Let the banks fail.You made poor choices.Let the prices of these buildings come down.Let them come down low enough.I don't care.
They'll knock them down and build something new, something that is going to be viable.That's how it's supposed to work. We have to stop stepping in as a nation and subsidizing poor choices.People have to learn to lose.You make bad choices.
Anyway, this this as well, and I feel for young people, I really do.The average age, the average age of U.S.homebuyers right now is 56 years old. 56 years old.The median for a new time home buyer is 38.And that's going up from 35 to 38.
Not affordable.Not good.Why?Oh, why is this?Yeah, but Kamala Harris is gonna get about $25,000, she said, and she's gonna allow for build millions and millions of homes.Oh, stop it. Please, okay?
The problem we have, the problem we have is regulations.We don't have enough inventory.We have no outside-the-box thinking when it comes to all this commercial real estate and changing it into something else.
We've been subsidizing housing from now until eternity, and you think subsidizing it more is gonna make the prices come down? It's part of the reality.I talk to people in this business and home builders all over the country.
And many of the young buyers that they're seeing, even the ones that get you know, 35, 38 years old, they're getting help from mom and dad and grandma because it's gotten too expensive.
Anyway, I mentioned government workers and the anti-government workers last segment.And we all, again, the story went viral.
The story went viral where the New York government workers, the New York bureaucrats, they got their squirrel, they got their raccoon.And when they had a bunch of thugs, a bunch of thug government workers go to someone's home for five hours.
Five hours.The Environmental Protection Conservation for New York, five hours at someone's house.This is from the owner of the, the caretaker of the raccoon and the squirrel.They treated me like I was a terrorist.
They treated this raid as if I was a drug dealer.They ransacked my house for five hours.They asked me, They asked my wife, who is of German descent, what her immigration status was.They asked if I had cameras in my house.
They wouldn't allow me to go to the bathroom without a police escort, who then checked the back of the toilet to see if I was hiding anything.
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They have an animal non-profit animal rescue.Now, what do we learn from this?We can learn many things from this.Many things.You know, I'm going to focus on one. One, this story is the reason why we have a second amendment.
It's the reason why we have a second amendment.Again, it's to protect us from tyrants.It's to protect us from a tyrannical government.And in many states, many states, they voted for tyranny.New York is one of them. Watchdog on Wallstreet.com.
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Well-known author, investment banker, consumer advocate, analyst, trader, Chris Morkowski is the watchdog on Wall Street.
Exposing the lies and myths that the big brokerage firms, the mainstream press and the government are pushing to keep Americans away from financial freedom.
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Bringing America the truth about what really happens in the financial world.Ladies and gentlemen, we're out here to indulge in fantasy, but in political and economic reality.This is The Watchdog on Wall Street.
All right, welcome back, everybody.
I got to combine these these couple of points I wanted to make.I think it's kind of apropos you watch watch on TV.
You get to talk about pundits and experts and Ivy League types and economists telling you what they see with Trump's economic policies and Harris's economic policies and what they mean. Yeah, anyway, I don't lend them much credence.
I don't lend them much respect.I like to follow people that have actually built stuff, created stuff, accomplished things.And we've been losing some, a generation of entrepreneurial giants.
I did a bit not too long ago on Charlie Munger, a guy I have a great deal of respect for.And this past week, we lost Bernie Marcus.Bernie Marcus, he's one of the co-founders of Home Depot.He died 95 years old.
At 50, 50 years old, he built a business that has, again, think about, get your arms, around this.This is a guy.He got into Harvard Medical School.He couldn't afford to go.Went to pharmacy school at Rutgers.
Then eventually he became the CEO of this company called Handy Dan.It was a chain of home improvement stores.But he was fired.He got fired at 49 years old.It was some fight over corporate control.So he
And Arthur Blank, if you're familiar with Arthur Blank, he owns the Atlanta Falcons.And another great and one of my favorites, Ken Langone, founded Home Depot, 1979. 1979, you got a store, change the entire home improvement industry.
You can go there, you can take a class on how to go about doing things, providing knowledgeable staffers that can help people out.475,000 people provide for their families with money that they earn from Home Depot.
Think about the money that has been made, the wealth that has been created with people who invested in Home Depot.2,300 stores in the United States, Canada, Mexico, millions of people every day, quality goods, services.Think about what he has done.
Yeah, the funny thing is you watch all these, again, these kids at these political rallies, or any political, it doesn't matter whether it's left, right, all over the place, worshiping these politicians.
Who are the people that really make the country work?Really make the country work.You gotta think about this. for a second.You gotta think about what this person's been able to do.
And it's the, again, he's made a fortune, Bernie Marcus, and he donated a ton of money.He's a job creator, network, the Marcus Autism Center for Kids.
And that's all, that is all well and good, but one of the best things you can do is, you know what, you're helping people put food on the table.You're creating jobs. These are the people we need to applaud.These are the people we need to look up to.
I mentioned this here on the program.Ken Langone, another one of the founders of Home Depot, and I highly recommend his book.I've done this before.I Love Capitalism is the name of his book. I love capitalism.
Oftentimes, depending on who, I go to a graduation party, whatever it may be, kids leaving college, I put a check inside that book and his story and where he came from and what he's gotten to.
And you want to contrast that, got to contrast that, contrast that to the wizards of smart, the wizards of smart, like the, the economists from all these Ivy league institutions that put out strongly worded letters.What was it?
Was it how many 50 economists, 49?I don't know.The economists that signed off on that Donald Trump's economic policies are going to be a terrible for the country.Yeah. Yeah, these economists.
What I want you to do from now on, you see some pundit that's never built anything, never created anything.They might be hiding underneath the Dr. moniker, Dr. So-and-so from this Ivy League institution, economics professor.
I want you to think for yourself.Go to, remember Jerry Maguire?Show me the money. Oh, oh, oh, okay, Professor Smarty Pants.Okay, you think the economy's gonna collapse based upon these policies?
Show me your portfolio, show me the money, what are you doing?Show it to me.Let me see, let me see.Let me see your finances, let me see.You don't have to show me how much you have, I'm not asking that.How are you positioning yourself?
Well, well, well, and they'll start mumbling and grumbling because they won't do it.They've got no skin in the game. They're paid to say a certain thing at a certain time so they can hang out at the right cocktail parties in certain places.
This again, this is people stuff that you need to kind of have to learn in life, especially younger people out there.OK, what's the source?Oh, but he's a college professor and.So what? What have they built?What have they created?
I played that bit here on the program from Back to School with Rodney Dangerfield, and he goes back to college, 1980s film, and he's with his son in a business class, and there's a professor up there, all hoity-toity, telling them they're gonna build a business from the ground floor up, and this is how we're gonna do it.
And here's somebody sitting.Here's somebody sitting right there. that has built businesses, countless businesses, and the professor's arguing with him.Time is wrong.
My best friend, my best friend, and he also, he's one of the, in my opinion, one of the greatest accountants going out there.And he manages, obviously, my CFO for Markowski Investments, and my family's accountant, but he manages for our clients also.
He's right now, he decided, I laughed at him.I said, what are you doing, man?What are you doing?And again, he's got this thing.He says, I love this kid.Kid, he's my same age, but we call each other kid for whatever reason it may be.
Um, it is, you know, in his fifties, but he, he grew up, he came from very, um, modest means is an exaggeration.Let's just leave it at that.Okay.Um, worst the worst horrible upbringing poverty.Uh, he, he didn't graduate from high school.
He got a GED. Got a GED, now he's, I can't tell you how many degrees he has.He collects them, I make fun of him all the time.And I'm like, dude, you got like some weird self-esteem thing going on, why are you doing this?
He's going to Georgetown Law right now, taking some sort of, you know, accounting and real estate class.And I said, John, I tell you this every single time, you're gonna take this class and you're gonna know more than the professor's gonna know
Yeah I know but he does it and I get the phone call and uh yeah yeah he does Chris you don't understand Chris you don't understand I don't know what the world they're talking about I say yeah I do
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Yeah, I do.I like to see people that have actually gone out and done things and built things and created things.I made the comparison here on the program.I said, you know, your kid wants to be a phenomenal basketball player.
Are you going to hire someone who has never played basketball but has a lot of theory and may have written a book on how to make a jump shot?Or, you know, you have the opportunity to hire Michael Jordan to teach your kid.What are you going to do?
Who are you going to utilize? And that's the thing, it's the worldly smarts out there, it's the Mike Rose smarts out there, that the people in power, the people on TV, they look down on you.I've got clients, I've got clients that are millionaires.
Millionaires that came here from places around the globe, that have a tough time reading, but they have unbelievable skills.Obviously, they've had it, they're doing more now, but they do something really, really well.A skill.
a skill, and each of us have.I talk about that, finding out what our talents, what our abilities are, what our God-given talents and abilities are, and doing something with it.
And when you see the job support that I was making fun of, and you got all these government jobs, I'm sorry, being a bureaucrat is not a talent.It's not an ability.It's something to pass the time, so you can, you know, cash a paycheck.
Do it sometime.I want to do more to help society.I want to add to society.I want to make this country better.I want to make my town better.I'm going to utilize my talents, abilities, and I'm going to go out there and I'm going to do that.
And you never know what it's going to turn out to be.You think Bernie Marcus and Arthur Blank and Ken Langone thought that they were going to have thousands of stores?No way.Maybe you've had a dream about it at some point in time.I do the same thing.
I sit back and I said, man, I think about, wow, look at when I got started with my brothers and what we were doing and our office at the time and the grind that we put in and where we're at today.
and the amount of clients that we have, and the offices that we have, and the TV, and the radio, and the voice that we have.You never know.Go out there, build, create, protect, and teach.Stop paying attention.
Stop paying attention to people just get paid to talk for a living.Yeah, I'm on here, I'm talking, I am.I am, but we do. We do, there's a difference.Watchdogonwallstreet.com.Watchdogonwallstreet.com, our site.
Again, become a part of our family, the Watchdog on Wall Street family.Get to our website, sign up for our personal CFO program, our podcast, our newsletter, all sorts of great stuff there at the site.
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You should believe in math, not magic.You're listening to The Watchdog on Wall Street with Chris Markowski.
It is The Watchdog on Wall Street Show again.Always honored to have you tuned in to the big program here.I mentioned this earlier on, talked a little bit about Europe.
And this past week, it was interesting, same day of our election, the German government collapsed.The German government collapsed.They have the coalition governments there.I follow a lot of the newspapers, what's taking place over there.
You had Michelin Tire Company, France. Laying people off, announcing layoffs.Again, it takes a while over in Europe to lay people off.We already talked about Volkswagen.A lot of weakness.A lot of weakness over there.
And again, this is not something we should be, oh yeah, this is great, this is wonderful.No, no, we want other countries to do well.Again, business is fantastic when you have people you can trade with.
We want people to be able to buy our stuff and we want to be able to buy their stuff.However, they are completely unable to get out of their own way.
All they seem to be doing, quite frankly, their biggest business seems to be fining American tech companies, going after American tech companies.
Now, a lot of the people out there say, oh my god, Europe is real upset right now because Trump is going to become president.Well, you know what Trump is going to do is he's not going to tolerate this BS, and they know it.
He's not going to tolerate stupid fines and regulations on American business.He's going to be like, OK, there you go.Oh, France, oh, you're going to go after Apple, are you? Oh, okay, guess what?
Your French wine is double the price here in the United States.
Listen, there are allies over there.And again, we should want them to do well.We want to encourage them to do well.But the way that they're going to do well is they've got to get out of their own way. They have to cut ridiculous regulations.
They've got to provide for an environment where you can build and create.Hey, listen, this is coming from someone.I go to Europe often.We've got clients in Europe.I enjoy it. Well, let's make no bones about it.It's become an open air museum.
And again, they've got a lot that they could teach us.We've talked about how they handle their food in Europe and their process, which is much, much better than what we're doing here in this country.And they need to take advantage of it.
That's what they need to do.But again, we want them to do well.We want them to be able to contribute to NATO. So we don't have to continue to foot the bill again and again and again.Anyway, pundit. Incorporated.Pundit Incorporated.
I got to explain to everybody.You see these talking heads and they bounce around from one station to the next station to the next station.Some of them have exclusives.They're not allowed to bounce around from place to place to place.
Just so you know, they make a living doing that. That's a job.Let me explain to you, and again, it's part of the media, mainstream media, part of the watchdog on Wall Street, Axis of Evil.They need characters.
They need characters, and they also need to create conflict and stories on these various different networks.So they need people to fill certain roles.
After Trump started to run for office, not after he ran for office, but after he became president, that became an industry.Pundit Inc.Anti-Trump Pundit Inc.Never Trumpers out there.The Bill Crystals of the world.Neocons.
neocons everywhere looking uh... their blinkin project bulwark dispatch all of these entities out there how do you think that they make their money how do you think the lincoln project bulwark they make their money well you think that they're getting donations from people they're getting it from the left they're getting it from the media they're creating and they're building characters
so they can bring them on TV.It was great to see this because I've been pointing this out in regards to the media for some time.He actually had Scott Jennings on CNN actually described the whole Never Trump industry as the biggest cons going.
Accomplishing absolutely, well, they didn't accomplish anything.Their supposed goal is, again, Never Trump, to destroy Trump.That didn't work.
But they certainly made themselves a lot of money, taking money from the libs, money from the various different networks, and they could go out there and buy themselves some beach houses.And that's exactly what they did.
Anyway, gotta mention this as well.At certain times, people that are in the mainstream media, they can't help themselves.They can't help themselves.They should keep their mouths shut, but they're so smug and arrogant that they can't.
They can't do it.And they say things that are quite telling.And it's not just pundits, it's also politicians.And I told that story before when we had Chuck Schumer.
Chuck Schumer, this is, Donald Trump just gets elected, he's on Rachel Maddow's program, and Trump is criticizing the CIA and the FBI and whatnot.
And Chuck Schumer comes out, yeah, you better be careful, because those agencies got six ways past Sunday at going after you.Which they did.But then you had Chris Hayes.
Chris Hayes this time around, the smug Chris Hayes, talking about, oh no, Trump's going to get the House, he's going to get the Senate, he's going to get the presidency.We're going to have to send the deep state in to put a stop to him.
Again, saying things, the true things, that they believe and that are going to happen out loud.Watchdog on wallstreet.com.Watchdog on wallstreet.com.We'll be back.
You're listening to The Watchdog on Wall Street. Chris Markowski is the watchdog on Wall Street.All right.
You know, it's funny.And again, I hope you're listening to this program.I'm speaking to the choir here, but you certainly got to talk to young people about this that look to. celebrities and actors and actresses for political advice.
And again, do you ever watch them?They never tell you why or they give you some reason like, oh yeah, you gotta vote for so and so, you're gonna lose your freedom.You're gonna get locked up.You're gonna get thrown in jail.
I'm gonna be moving out of the country.I mean, it's so stupid.
It's so stupid and again, I don't know I think that they're honestly dumb as a box rocks and they actually believe their own BS Some of the stuff that you would see it was actually an election night, too They were talking about they started saying oh geez Trump is gonna win Trump's gonna win and then they say oh we got to eliminate the Electoral College You actually had some of the fool pundits on MSNBC talking about that um Trump won the popular vote
What are you saying?Rosie O'Donnell was talking about eliminating the Electoral College after the vote.And what good would that have done Rosie?
These people, more often than not, again, they may be talented in their own right in that they can pretend, they play pretend really well, and God bless them.You think I could do with Daniel Day-Lewis?
He never chimes in on anything, but he's such a great actor, I can't do that.And they're great at that.But for whatever reason it may be, I don't know. They feel like that they have to voice their opinion on things that they don't have a clue about.
Let me throw this out there, because there's another big left-wing push, especially with the celebrities, because of the Supreme Court.We're going to change the Constitution.
We're going to change the Constitution, and we're going to pack the Supreme Court.Really?
Really, do you hear Republicans and conservatives coming out now because of the wins saying, hey, we're going to change the Constitution and we're going to pack the Supreme Court?No.Because it's wrong.I talked about this this past week.
on the podcast is GK Chesterton mentioned this in one of his writings and he was talking about fences.
He's talking about fences and he is saying he said and I'm paraphrasing he says you know buy a piece of property he didn't say this I'm saying this but if you have a piece of property and there's a fence on the property you got this big expanse out there it's an old fence
I don't know if I want that fence.You don't tear down the fence until you fully understand why the fence was put up there in the first place.
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You want to go tearing apart the Constitution and checks and balances and things that were put into place that have worked quite well?No.No, no, no, no, no.You don't do that.
And you've actually got these celebrities calling on him now, Joe Biden, and it's not even Joe Biden, he's not capable of doing it, basically probably calling on the Obama people to do extreme things now before Donald Trump gets elected.
Unconstitutional nonsense.You got them calling upon that.What is wrong with you?
I Have I have things that I believe in and things that I want accomplished for this country, but they need to go through the proper channels This is what the checks and balances are there for I
You're watching this that's going on, you're watching the celebrity fools out there say all of these things and again, they don't know what they're talking about.A lot of times they also act in fear for whatever reason it may be.
It seemed to you like that they're actually almost forced to say things?It was actually Musk and Rogan were talking about that on their podcast.
So isn't it interesting that all these celebrities, all these celebrities that are coming out, coming out for Biden, very voice-fiercely as of late, they were all the same people that were attending the P. Diddy parties as well.
Isn't that interesting, huh?Yeah, yeah, yeah.P. Diddy, I think, had the same business plan as Jeffrey Epstein, but we shall see.Or like we did with Epstein, maybe we won't. Maybe P. Diddy's going to end up dying in his cell as well.
Wouldn't surprise me. Anyway, Watchdog on WallStreet.com.Watchdog on WallStreet.com, our site.
Again, become a part of the Watchdog on WallStreet family, our podcast, our newsletter, and of course, our personal CFO program, working with us, the Markowski boys.
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I mentioned Mr. Joe Rogan in his podcast, and he came out and he he endorsed endorsed Donald Trump.And he had Donald Trump on the program.J.D.J.D.Vance went on the show and was just absolutely phenomenal.Has Musk on.
And I am full disclosure, a big fan. of his program.Do I agree with Joe on everything that he says and all the points he makes?No.Does Joe agree with all the people that he brings on his program and the points that they're making?No.
But he has a conversation He has a conversation, they talk about things.He, like me, if he says something and he's not quite sure, he's got his little helper there, Jamie, that looks it up to make sure that they try to get it right.
This to me is a great direction.Again, it makes me pretty enthusiastic about our future if we can have this type of discourse and we can head in this direction. I mentioned it this time around.
I said, wouldn't it be great if we had a presidential debate and Rogan was running it?It'd be fantastic.Must see, must see TV.Everybody would watch it.But the thing that we need to know, we need to understand about debates, about debates.
I am not a fan at all of public debates. I'm not.And there's a reason for this.
And Nasser Nicholas Taleb actually puts it very succinctly, eloquently, quite frankly, when he says, in a public debate, it is the one whose intelligence is closest to that of the audience who wins.
So, in essence, politics and economics, stuff like that, the most stupid.
the most stupid uh... ends up winning in those situations they end up gravitating down the road so i i've explained it before i learned in talk radio i see a real are you have argued idiots they got way too much experience at being an idiot and that conversation is not going to go anywhere anyway uh... story that came out
It came out on November 5th and I saw it and I was like, uh-oh.It's Larry Fink from BlackRock.How to grow out of America's debt woes.And I said, oh shoot.
I said, Larry's gonna be in the Wall Street Journal and he's gonna be pitching for more government involvement and government spending.But he didn't.And I was shocked by that.
And he was talking about infrastructure investment here in the United States and what we need to do.And in particular, we really need to build out energy.We really have to go all in when it comes to basically everything.Nuclear power is a big one.
And you talk about the type of debt that we've obviously amassed here in this country, and it's patently absurd.His point was saying that, man, if we can grow our economy, we can grow our way out of our debt.I don't believe that to be the case.
I don't.Do I think it will help?Absolutely it's going to help.Absolutely we need to grow the economy, but it has to be a little bit of everything.
When I talk about a little bit of everything, you need to have Elon with his government basically chop chop with Ron Paul cutting all sorts of government waste.And I said this before, I said, well, I mean, you also should raise taxes.
No, no, you shouldn't raise anybody's taxes. Nobody should have their taxes raised until the government can prove that they're good stewards of our money.Let them balance the budget.Let them stop wasting our funds.
Then you want to come back and ask me for more money so I can pay down the debt?Fine.Watchdog on wallstreet.com.Watchdog on wallstreet.com.We'll be back.
Taking Wall Street's liars, crooks, and cheats out behind the woodshed.You're listening to The Watchdog on Wall Street.
A little bit more on this infrastructure build out here in this country.And again, I want this infrastructure coming from the private sector, not my tax dollars. You take a look between 1860 and 1890.
Railroad expansion accounted for 25% of the increase in GDP.Same thing had happened with highways.The interstate system drove productivity growth between 1950 and 1989. What do we need now?Yes, we got data centers, and this is the place.
This is where everybody wants to do business.They're bigger, they're more powerful, and they need energy.The newest data centers require a full gigawatt of electricity all day, every day.
That is the equivalent to the energy consumption of a mid-size city. The buildings and power supply alone can cost 11 to 13 billion dollars.All of these things we need to do, but it needs to come from the private sector.
We do that, the sky's the limit when it comes to growth.Are we gonna be able to grow our way out of the debt hole that we're in?No!No, but it will help. Anyway, I've got to talk about this.I'm going to go off the beaten track here a little bit.
I took a trip down.I haven't been able to get down to some of the parts south here in Florida where the hurricane did unbelievable amounts of damage.I live in Tampa, Florida, and it did a ton of damage here, too.
But it was really bad on some of the barrier islands.And I went down to a place memories for me.Again, I used to go there when I was younger, when I was a kid.My grandparents lived down there.It's in Englewood, Florida.It's in Manasota Key.
never seen the type of devastation that I witnessed and you know the the interesting thing was is that um I scan one of the fishing spots I would go the captains that I go out with when I go deep sea fishing are from in and around the Venice area Englewood area and I remember getting on the boat and you're going on the intercoastal nice and slow and it's beautiful
But I see all these small houses, all these old homes right on the water.I'm going to say to myself, my God, a storm comes through.This is going to be a mess.And it is.
You can see some videos online on YouTube and whatnot, but quite frankly, the videos don't even do it justice and just how bad it is. You know, beach that we used to go to.You can't even go on it.They literally have a mountain of sand.
a mountain of sand that they have to go through all of the sand.They actually have to clean the sand because it's all contaminated before they put it back.This area of Florida's got a small-time, old Florida feel to it.
This year's season is gone, and I don't even see how it's going to be plausible that it's going to come back next year.What the residents are dealing with, they're dealing with their insurance companies.Some people, they don't have insurance.
I got a lot of elderly people that have been into these very old homes that are just absolutely destroyed.
I've been, you know, basically bouncing ideas around in my head and trying to figure out a way where maybe you can get some of these people to work together, work with the county and zoning, and maybe they'll be able to sell their property to a developer.
I mean, they can't afford to rebuild. The new building costs are much, much more expensive than they used to be, and they don't have the funds.Again, there's not a lot of good options, just trying to figure out what the best options would be.
But one of the things that, again, I found fascinating, these people are allowed to get FEMA checks, $750. $750, and not only, that's basically, here you go, here's nothing.They have to fill out a ton of paperwork in order to get their $750.
Now, I'm a libertarian, I am a small government guy. I am.And I think that we should limit what government can do and what they should do.But I'm sorry.I'm sorry.We should be able to do more, and we could do more.
We just, again, we're not the priority.I mentioned this last week on the program.Priority versus priorities.Oh, we're one of the priorities. but we're not nearly one of the top.And like I said, there's no such thing as priorities.
You just focus on the priority.The priority should be what is best for the American people.We send billions and billions and billions of dollars all over the globe.$750 checks.That's what we have for the people back here.Are you kidding me?
I'm sorry.I'm sorry.We need, again, as a nation, as a nation, we got to rethink all of this money that we're spending, where it's going, and how we could better help our citizens here.
And again, I'm not for big government programs, long-time social welfare programs.I've talked about the fact that welfare is like a drug here in this country. Truly helping somebody out, yeah, you help somebody out.
When they're down, you pick them up.But you also help them get back on their feet so they can do things on their own.$750 check?That's the best we can do? Again, in my opinion, shameful, shameful.Anyway, thanks for tuning in everybody as always.
The Watchdog on Wall Street show, it's available to you every single day.Our podcast, you can sign up for that at our website at watchdogonwallstreet.com.Our personal CFO program, all sorts of great stuff there.
Watchdogonwallstreet.com or give us a call, 800-471-5984.God bless everyone, we'll see ya.
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