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Well, no one author, investment banker, consumer advocate, analyst, trader
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Chris Markowski is the watchdog Wall Street. Do you want
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to answer exposing the lines and myths that the big
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brokerage firms, the mainstream press, and the government are pushing
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to keep Americans away from financial freedom.
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You can't handle the truth.
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Bringing America the truth about what really happens in the
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financial world. Ladies and gentlemen.
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We're not here to indulge in fantasy, but in political
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and economic reality.
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This is the watchdog Wall Streets.
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All right, well, ame out here, body, welcome back. It
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is the watchdog on Wall Street Show. I have to again,
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I basically teased this earlier on in the program. We
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were talking about the strike that was in the General
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Motors truck supplier plant in Michigan. American Axle is the
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name of the company. Thousand workers at this supplier they
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went on strike. They make key parts for General Motors,
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mid size and full size pickup trucks.
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It's in three Rivers, Michigan.
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They say the workers have said that their pay just
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has not recovered since two thousand and eight.
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At that point in time.
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Again, in two thousand and eight, Great recession, they agreed
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to slash their wages in half to keep the plant
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running during that period of time Emember it was GM
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was government motors.
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This is what they're saying right now.
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This is for eighteen years, these members have built you
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an empire of profit while getting treated like dirt. They've
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taken wage cuts, benefit cuts. They poured their souls into
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this plant. This is Sean Fain from the UAW live stream.
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That's right.
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We'll take out and strike until this company comes to it,
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says us entreats. These workers were digging it and respect.
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Now. This is extensive article in the Wall Street Journal,
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and this just just shows you just how bad, quite frankly,
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how low we've gotten when it comes to journalisms making
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all these points talking about profitability. And I wasn't familiar.
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With American Axle, but it's not hard to find out
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what their financials are. So I went and I took
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a look. The margins for this company are minuscule.
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They really are. They are minuscule.
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And I see what they're paying at this plant. Again,
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most production workers top out at twenty two dollars an hour.
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Say that's not a lot of money by any stretch
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of the imagination California was the minimum weeds for fast
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foods twenty dollars an hour. And I want to explain
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this because in again, this is the way that journalists
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write this story.
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The problem with.
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The unions is unions don't deal with reality. Again, political
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and equinomic, political and economic reality. Don't deal with the
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reality of the terrain. Thousand workers at this plant. It's
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a pretty round number, don't you think, Wow, not odd
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they have a thousand members. Why Well, because the union
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demands it. This is probably a plant, whether you like
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it or not. Probably a lot of automation could be
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put into place, and they could probably do away with
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many of the workers. That's terrible. That's life people, that
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that happens in white collar Hey, you're seeing tech companies
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laying people off at this point in time, are you not.
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That that's life. What these unions do is, unfortunately, we gotta.
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Protect all these jobs because that's that means all they've
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gotta have more union members. I think that people working
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at the factory probably could be have less workers making
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a lot more, doing.
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More with less.
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How in the world are we gonna be able to
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compete with China? We can't This is why we ban
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Chinese cars from our market.
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Can't compete.
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That's why the average car in America is over fifty
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thousand dollars a year. It's another story as well. Automakers
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are coming to grips of the fact that there's gonna
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they're gonna sell a million cars less this year.
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A million people can't afford it. They've gotten too expensive.
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Why again, unions not dealing with the terrain, the realities
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of the terrain. If unions what they should do is
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understand what's coming down the pike, Understand that the automation
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is going to take place, productivity gains here in the
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United States, and actually took over to their workers and said, hey,
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you don't listen, We're gonna have to start training you.
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We may have to send you guys back to school.
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Use those unionde rather spend those union money, those dues
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that you're collecting on politicians, why don't you spend it
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on your workers, and maybe saying, hey, you know, listen,
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we got to put you might have to prepare for
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something else. That's our system, people, It's creative destruction. Stuff
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is built, stuff is destroyed, stuff is created.
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It's just that's the way it goes. I guarantee you
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could speak.
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To the CEO.
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It could probably do away with probably.
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Half the workforce, automate it pay their workers more.
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But again the union won't allow it.
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So that's why you get the average worker making twenty
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two dollars an hour. This is interesting as well, the
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same idea Mercedes Benz right now as it stands, this
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is again, this is Congress in their infinite wisdom. When
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they get legislation, they better fix.
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This but quick.
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Mercedes Benz could find itself shut out of the US
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auto market, banned, banned from making And there's Mercedes Benz
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plants here in the United States banned from making or
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selling new vehicles in the country under legislation that's making
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its way through Congress right now. This bipartisan legislation aimed
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at limiting Chinese involvement in the US auto market. May
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get believe it Mercedes Benz or German right, Well, well,
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guess what Mercedes Benz is largest shareholder. Largest shareholder is
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the state owned Chinese automaker b ai C formerly the
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Beijing Automotive Industrial Corporation. They have a almost a ten
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percent share Wow, So again they better change that right,
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you know that that song with what was the Janis Joplin.
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Lord, won't you bomb me?
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Or merceladies, You're not going to be able to do that.
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Latest on tariffs here, the United States is proposing new
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tariffs of ten percent ten percent on its trading partners.
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I guess, I guess is a.
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Failure to address forced labor concerns. They pulled that one,
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They pulled that rabbit out of a hat, right. The
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Office of the US Trade Representatives said that the goods
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from Canada, Mexico, and the European Union and roughly a
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dozen other economies would face a ten percent duty after
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an investigation found they hadn't done enough to block imports
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of goods made from forced labor. Other countries, including China, Japan,
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and India would face a twelve point five percent rate
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because they don't prohibit such imports. You know, it's funny, funny,
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and again people get angry with me about this, but
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we were spot on. When deliberation day was announced. The
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initial announcement this, the stock market initially took off because
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that's what they thought. The President was going to impose
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a tariff of ten percent across the port and then
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they came out with the charts and all this if
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math formula that wasn't a math formula. It was again,
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it was like they, you know, pretended to copy it
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off the board from Goodwill Hunting and things went nuts,
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and everything kind of went crazy at that point in time.
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And now we had a waste over.
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A year, and now we're returning tariffs that were already collected,
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wasting time, energy and money. I don't know whether this
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is going to be additioned to other tariffs or what,
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but I would most certainly expect some sort of tip
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for tat when it comes to these countries as well.
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Anyway, what is that song?
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Maybe we'll play it coming out of this segments by
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the band Steelers Wheel there was it stuck in the
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middle with you, And there's a there's a line in
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that he said, clowns to the left of me, jokers
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to the right.
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Here I am stuck in the middle with you.
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And I saw these stories and I'm like, again, that's
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what it is. You got clowns on the left, the donkeys,
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and you've got clowns on the right Republicans. And I'm
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going to give you two examples of this. First and
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foremost this one. I first I thought it was a parody.
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I said, how is this even legal? This is a measure,
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a balant measure in Oregon. It's known as Initiative Petition
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twenty eight. The basically what this is going to be
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a law to expand the state's animal cruelty laws and
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would basically no hunting and fishing in the state.
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That's right, and the whole state.
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Or it would prohibit hunting, fishing, I can't use animals
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and rodeos, no castrating or neutering livestock, no scientific research
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on animals, and no slaughtering of livestock.
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The entire state.
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Again, I don't see it. I mean something like this past.
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How many people would move out of Aura? You're going
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to ban hunting and fishing? And I again, I from
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upstate New York. So many school districts, many school districts
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where I lived at the first day of hunting season
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was a day off for school, for crying out loud.
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People go hunting and fishing for food.
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My father, my grandfather, my brother Michael, and I when
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we were kids, we would go out.
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We drove go out.
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It's in cold in the winter. We'd go out fishing
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in the North Atlantic. I wanted these boats have a
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charter captain. We would catch codfish and haddock freezing cold.
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I mean, I loved it. It was fun going out there.
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And fill our freezer with fish.
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Why because we ate it.
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Anyway.
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Well, there's the there's the clowns that left to me.
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We'll do a little bit of jokers to the right again. Republicans.
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Republicans right now want to tax your car.
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Yep.
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And again I kind of called this one as well.
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I just didn't think the uh, the Grand Old Party.
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I didn't think the elephants were going to do that.
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But yeah, yeah, the Grand Old Part. Republicans want a
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national car tax.
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Oh yeah, yeah.
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They need infrastructure dollars, people, that's right, they need infrastr
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They want infrastructure dollars for the states, and they just
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Republicans have come up with a new revenue stream, the
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first ever federal annual registration fee for vehicles. Oh yeah,
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it's only going to be electric vehicles. Boloney, boloney, nonsense
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again five years ago. Congress, I though, again are building
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out infrastructure fixer to fix all these things. Right there
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are transportation reauthorization, we aut an Act. Joe Biden's Infrastructure
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Investment in Jobs Act, that one point two trillion dollar
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piece of garbage legislation.
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Did it do anything? Really?
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I'm looking at pictures they serve me pictures of the
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George Washington Bridge going underneath it, falling apart.
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Oh yeah, you know what it did.
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It probably built bike paths for crying out loud, or
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some bridge for some turtle to get over at some
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point in time. Oh yeah, it was the cure. All
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one point two trillion dollars in infrastructure. What's been fixed?
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Nothing?
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But oh Republicans want more money now they want to
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get involved in this too. No, there were again the
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Highway Trust Fund. Now how does that get funded? Oh yeah,
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you're gas tax eighteen cent a gallon federal gasoline tax.
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But it's not keeping up.
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With the needs, not keeping up with the needs.
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And now we've got higher gasoline prices because of the
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conflict in Iran. Right, so again you can't go raising
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the gas tax. So we're gonna have.
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A new fee, new fee for electric vehicles and hybrids.
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Oh yeah, and they're gonna sell this is like, ah,
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that's a that's an electric car, that's not a Magna car.
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Ah yeah, they're.
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The free load in Tesla owners than those people that
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own priuses. Right, one hundred and fifty dollars annual fee
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on evs and a fifty dollars annual fee on hybrids.
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There you go by I being thirty billion dollars in
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new taxes brought to you by the Republicans. Well, you
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know it's totally fair, you know, because they're not buying
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enough gasoline and they're briving on the roads. Okay, okay,
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give me a break. Okay, you know as well as
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I do. Okay, pass this passes. What happens when you
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get president aok or any Democrat there?
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Oh, you know those SUVs are heavy on the roads.
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We're going to tax them too.
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As soon as Democrats get into power, they're gonna say, oh,
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look at this, there's a new federal gas car tax
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we can do. Here, We're gonna put a tax on
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all cars. And you know what they want to do.
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They want to run it through the states. They want
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to run it through the states. And then you know
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what they'll do, little carve outs based upon income and
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who has to pay or who has to pay more? Oh,
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you're making more money, Well, then you got to pay
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a higher tax.
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You've got to be kidding. This is coming from Republicans.
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Thank you.
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An actual conservative happens to be my governor down here
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in the state of Florida, Ron Santas, who actually kind
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of appreciates the founders in the Constitution. He said, commandeering
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state DMVs and to federal tax collectors is not.
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Constitutional, and he's not wrong. Even chip Roy.
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Chip Roy came out and said, are you out of
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your He said this, are you out of your fricking mind?
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The Party of Limited Government is going to go out
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and say we're going to have a car tax.
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Yep.
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Again people, the uniparty, uniparty money for all, gotta raise
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more money, gotta spend more money, gotta dole more out,
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doesn't matter who's in charge.
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Watchdog on Wallstreet dot com.
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Watchdog on Wall Street dot com again is our site.
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To become a part of our family at Markowski Investments,
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sign up for our personal CFO program, podcast, newsletter, you
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00:16:06.679 --> 00:16:10.200
name it Watchdog on Wallstreet dot com, or give us
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a call eight.
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Hundreds four seven one fifty nine eighty four.
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We'll be back.
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Yeah.
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Ticking Wall streets, liars, crooks and cheets out behind the woodshed.
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You're listening to The Watchdog on Wall Street.
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That's good memory. I had to just to have this
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on this kid forty five. Anyway, welcome back. It is
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the Watchdog on Wall Streets. Some doors there for you.
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You know what, I spent a lot of time this
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past week on the podcast giving assessment. We're basically breaking
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out my decoder ring. It's best I possibly could. When
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it came to the Iran Military Industrial Complex situation we've
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got going on, it is very, very difficult to follow.
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One of the things you have to do what I
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do to kind of determine and try to get a
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better gist of what's going on, is you have to
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look at what the mouthpieces are saying from each side.
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You know, obviously you have the mouthpieces for the administration,
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which would be Fox News and Newsmax, and you have
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the mouthpieces to the left post of the MS and
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Now and maybe you know some CNN to some degree
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in some of the other stuff. But when I saw
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this pad again, I don't sit and watch them. I
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get various different clips and stuf put to me. When
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I saw, you know, one of the big morning pundits
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on Fox and Friends kill me, they're basically he was yelling.
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He's like, you know, you got to get wit Cough
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and Kushner. You got to get them out it. You
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got to put Rubio there, you know, again going against
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the grain to some degree, and I'm saying, Okay, there's
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issues right now, and these are things again, I'll talk
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a little bit more about it in a bit. That
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is a reality that we're not being told. I've been
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telling you, We've been telling you what could possibly occur
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at oil and a myriad of things.
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But I want to win.
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I want to win, and anyway win right now to
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me is basically to kind of extricate ourselves from this situation.
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I've been clear here on the program. I don't believe
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that it was the right move, but again people can.
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Argue over that.
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I'd like to learn at some point in time from
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our military conflicts what we've been doing since post World
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War two, and Eisenhower.
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Was he was right on it.
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We talked about the military industrial complex. We need to
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really rethink the way that we're doing things. I mean,
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you take a look at what Ukraine has been able
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to do by changing its tactics and going the way
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of drones, I've talked about asymmetric warfare here on the program.
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We have a military industrial complex that's based upon contracts
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and deals. You take a look at the major defense contractors.
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There's a reason why they spread their offices. They're manufacturing
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over forty states. It's forty four to forty five states.
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These these four or five, these four or five contract
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they spread them everywhere. Why is this what get a
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deal done? No senator is going to vote against that funding.
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We are keeping programs going that we don't need to again.
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We failed another audit, Pentagon failed another audit. We don't
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need to spend another one point five trillion dollars on
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our military. We just need, quite frankly, to spend a
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hell of a lot wiser. We get back on the break,
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I'm gonna talk a little bit about the situation with
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oil on the ground that quite frankly, no one's really
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talking about. Watchdog and Wallstreet dot Com. Watchdog on Wallstreet
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dot Com is our site. Become a part of our family,
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00:20:36.799 --> 00:20:39.880
set up for our personal CFO program, Watchdog on Wallstreet
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00:20:39.920 --> 00:20:40.319
dot Com.
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We'll be back.
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America financial Freedom, one listener at a time. You're listening
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to the Watchdog On Wall Street with Chris Markowski.
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Welcome back, as don't don't doubt me here.
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Okay.
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I've been following the media for a very long period
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of time and very closely, and I've been following politics
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and how politicians operate for a very long period of time.
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The reason why I think things are not going as
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swimmingly as you know they they're presenting again, putting on
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a good front, and I don't like saying this is
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the fact that they're trying to distract the public as
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best they possibly can.
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And I'll give I'm gonna give you three.
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Examples, three examples, one of which one of which again
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was just it's so ridiculous that the President was talking
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about leaving the UFC stage up at the White House House,
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not taking it down, and he kind of compared it
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to the Eiffel Tower.
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So a lot of people like it. I think maybe
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we'll leave.
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It there now.
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Again, we all know that that's use your head, it's
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not going to happen, but he actually came out and
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said it. And what is he doing, Okay, he wants
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the media to cover that. He wants people to be
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preoccupied with that trolling. Another one I believe as well
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was the appointment of Bill Pulty as National Director of
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National Intelligence.
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And again you're watching the various people.
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Well this is a great call.
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He's loyal to the president.
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Well, again, I have a different definition of loyalty than
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again most people have. My wife is loyal to me,
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But my wife is loyal to me because you know
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what you'll also do. You tell me when I'm wrong.
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So tell me when I'm being a jerk, when I'm
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out of line. Good friends will do that too. Those
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00:22:55.839 --> 00:22:59.000
are true friends. Those are people that are really loyal
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to you. Sycophants are not loyal. They're just frightened. They're
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either they're either frightened of you or they're getting paid.
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They like their position, and they're going to just feed
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you what they want to hear. Those that's not loyalty. Okay,
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it's not any This is this is the one one
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of the few jobs that are out there.
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That is there's actually law that goes along with it.
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I looked it up.
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If US Code three zero two three, any individual right here,
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it goes there is a Director of National Intelligence who
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shall be appointed by the President. Any individual nominated for
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appointment as Director of National Intelligence shall have extensive national
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security expertise.
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That's law.
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That law.
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Again, and President is aware of this, his people are
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aware of this. But again it's getting people distracted.
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Another one, another one. Again.
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I saw this and I was like, now, it's not
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gonna happen.
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You actually sent.
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Out the Treasury secretary to say that there's going to
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be a two hundred and fifty dollars bill with the
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President's face on it.
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00:24:22.240 --> 00:24:24.359
Do you know that that three separate.
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Laws would have to be passed in order for that
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to happen, and you have to get sixty votes in
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00:24:32.079 --> 00:24:37.359
the Senate. Again, better chance of me playing middle linebacker
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00:24:37.480 --> 00:24:43.000
for the Giants this year, then that happening. Not to
405
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mention the fact, I don't know if you remember this again,
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00:24:45.559 --> 00:24:47.039
it caused a bit of controversy not.
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00:24:47.000 --> 00:24:48.920
Too long ago.
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Andrew Jackson is scheduled to be removed from the twenty
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00:24:53.559 --> 00:24:58.680
dollars bill and replaced by Harriet Tubman. They've been working
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00:24:58.799 --> 00:25:03.759
on this for a sometime. It's scheduled to happen in
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twenty thirty. And I actually, again because I get curious,
412
00:25:08.480 --> 00:25:11.400
is that the amount of security things and preventatives for
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that they've got to put into the money in regards
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to counterfeiting all this stuff.
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That's that's a part of it. So they knew exactly
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they knew.
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They knew that there's not going to be any two
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hundred and fifty dollars deal. But all they wanted to
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do was to get people going and get people distracted
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and talking about those things.
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That's the reality anyway. Anyway, you know what.
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Quickly on this next story, We've got to get to
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this one quickly, and then I'll get into oil in
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the next segment. What is it with I've got a
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lot of stations listeners out there in California, guys. You know,
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00:25:49.880 --> 00:25:53.400
guys don't know how to count there. You don't know
427
00:25:53.440 --> 00:25:58.960
how to count votes. How difficult is it? I mean,
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00:25:59.000 --> 00:26:01.680
Bloody Sesame's one of my favorite Sesame Street characters.
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00:26:01.759 --> 00:26:07.440
To count then one vote, two? How many? How long
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00:26:07.480 --> 00:26:08.160
does it take.
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00:26:09.559 --> 00:26:14.920
Presidential election here in the state of Florida. A couple
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hours we had every vote counted. You've got countries around
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the globe that can get this thing done. Licketty split.
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00:26:25.440 --> 00:26:27.000
It was twelve hours later.
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I think I checked.
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I know it was only like less than sixty percent
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00:26:32.680 --> 00:26:34.519
of the votes have been counted.
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00:26:35.960 --> 00:26:38.240
Now, let's just say I'm gonna I'm gonna play it like.
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00:26:38.240 --> 00:26:42.000
Oh no, there's no no election fraud, no ballot stuffing. Right,
440
00:26:42.079 --> 00:26:45.880
I'm gonna pretend that that's true. Okay, even if that
441
00:26:46.240 --> 00:26:50.079
was the case. Do you think it's better for your
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00:26:50.119 --> 00:26:54.079
state and better for the country for people to feel
443
00:26:54.079 --> 00:26:56.559
confident that there's no Shenanigan's taking place?
444
00:26:59.000 --> 00:26:59.279
Really?
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00:26:59.359 --> 00:27:02.759
I mean, is it that hard to accomplish? You wonder
446
00:27:02.799 --> 00:27:05.400
why people don't trust the government again. It's like it's
447
00:27:05.440 --> 00:27:09.599
almost by design. They want us angry, they want us
448
00:27:09.880 --> 00:27:14.880
basically questioning elections again, keeping us angry at one another.
449
00:27:16.400 --> 00:27:19.240
Watch Dog on Wallstreet dot Com. Watchdog on Wallstreet dot Com,
450
00:27:19.279 --> 00:27:22.880
don't go anywhere I got again, an insider perspective on
451
00:27:22.960 --> 00:27:26.240
oil again that you're really not getting anywhere else. Watchdog
452
00:27:26.279 --> 00:27:28.759
on Wallstreet dot Com. We shall return, don't go anywhere
453
00:27:39.960 --> 00:27:48.880
today the only man who is taking on the Wall
454
00:27:48.960 --> 00:27:52.720
Street establishment. You're listening to the Watchdog and Wall Street
455
00:27:52.759 --> 00:27:53.720
with Chris Markowski.
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00:27:57.359 --> 00:27:57.920
Welcome back.
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00:27:59.680 --> 00:28:04.119
Quick reminder on the personal CFO program can get new
458
00:28:04.160 --> 00:28:09.640
stations and new listeners all the time. Here Markowski Investments.
459
00:28:10.319 --> 00:28:14.480
We we help everyone out. We do not have minimums.
460
00:28:14.599 --> 00:28:19.960
We're completely different from every other family office out there. Yes,
461
00:28:20.039 --> 00:28:24.119
family offices primarily not primarily that only we're the exception
462
00:28:24.839 --> 00:28:29.839
handling ultra high network clients. We help everyone out. Okay,
463
00:28:29.880 --> 00:28:31.680
we do it a little bit differently. Yes, you have
464
00:28:31.680 --> 00:28:35.480
the accountants, do we have. We do everything for everyone
465
00:28:35.599 --> 00:28:37.200
if they choose it, if they need that.
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00:28:38.240 --> 00:28:43.480
But you're all invited. And this was, uh, this was a.
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00:28:45.240 --> 00:28:48.240
This was a deal breaker for my uh, myself, my
468
00:28:48.279 --> 00:28:50.960
brothers and I. It's our it's our company. I know
469
00:28:51.000 --> 00:28:53.799
where we came from in life. And one of the
470
00:28:53.839 --> 00:28:58.920
problems that exists is the fact that again there's quite frankly,
471
00:28:58.960 --> 00:29:04.599
a lack of quality, quality people out there to help everyone.
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00:29:05.680 --> 00:29:09.079
The big firms again easier easier to just deal with
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00:29:09.319 --> 00:29:10.000
wealthy client.
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00:29:10.000 --> 00:29:13.480
I mean, be honest, it is Okay, it's a lot
475
00:29:13.559 --> 00:29:19.279
more difficult to build wealth than to maintain wealth. A
476
00:29:19.279 --> 00:29:22.319
lot of difficulties that the guys have that are dealing
477
00:29:22.319 --> 00:29:26.000
with the ultra high net worth guys is keeping their
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00:29:26.079 --> 00:29:29.240
kids from blowing all their assets on dumb stuff.
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00:29:30.400 --> 00:29:30.839
Okay.
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00:29:31.839 --> 00:29:34.599
No, we like to build wealth for people. It's one
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00:29:34.640 --> 00:29:36.680
of the most satisfying things that we do. And that's
482
00:29:36.720 --> 00:29:40.480
what our personal CFO program is all about. Again, it
483
00:29:40.599 --> 00:29:44.440
doesn't happen overnight. Everything in life that has meaning, value
484
00:29:44.440 --> 00:29:50.039
and worth involves work, time and effort. No, you're not
485
00:29:50.079 --> 00:29:52.119
going to see doubles and triples on your money, so
486
00:29:52.200 --> 00:29:54.440
we're not. No, it doesn't work that way. That's not
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00:29:54.480 --> 00:29:59.000
how people became wealthy in the first place. It's a process.
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00:29:59.519 --> 00:29:59.880
Okay.
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00:30:00.000 --> 00:30:02.559
We basically look at as working on the fundamentals all
490
00:30:02.559 --> 00:30:07.119
the time. It's financial preparation, not financial planning. And again
491
00:30:07.400 --> 00:30:09.839
everyone is invited to get to our website at Watchdog
492
00:30:09.880 --> 00:30:12.079
and wallstreet dot com. You can sign up for our
493
00:30:12.119 --> 00:30:19.039
personal CFO program. Okay, oil, we are right now. We
494
00:30:19.079 --> 00:30:28.359
are at some really really difficult inventory levels. Our strategic
495
00:30:28.400 --> 00:30:32.400
petroleum reserve has I can't remember it ever being this low.
496
00:30:33.640 --> 00:30:36.400
We are, Yeah, without a doubt, we're helping out, We're
497
00:30:36.400 --> 00:30:40.880
shipping oil to other parts of the world. But again,
498
00:30:42.119 --> 00:30:48.279
we're hitting a wall at this point in time. Some
499
00:30:48.359 --> 00:30:53.400
things could happen. Some things could happen again, prices, in
500
00:30:53.440 --> 00:30:56.680
my opinion, unless unless we come to some sort of
501
00:30:56.680 --> 00:31:00.200
meeting in the minds with this situation in our ran,
502
00:31:00.359 --> 00:31:02.279
you could see a pretty.
503
00:31:02.000 --> 00:31:02.880
Large spike.
504
00:31:04.240 --> 00:31:05.359
And that large spike.
505
00:31:05.440 --> 00:31:07.519
Again, one of the the you know, the cure for
506
00:31:07.880 --> 00:31:11.880
high prices, quite frankly, is high prices you would see
507
00:31:11.920 --> 00:31:13.319
an economic.
508
00:31:13.160 --> 00:31:15.839
Slowdown that people not being able to afford it.
509
00:31:16.200 --> 00:31:22.240
But again that is global recession, global depression, something that
510
00:31:22.359 --> 00:31:24.680
is that's out there at this point in time. I'm
511
00:31:24.680 --> 00:31:27.119
going to talk about what the CEO of Exxon and
512
00:31:27.160 --> 00:31:30.480
Mobile and Chevron have to say about this. When we
513
00:31:30.519 --> 00:31:34.000
get back Watchdog on Wallstreet dot com. Watchdog on Wallstreet
514
00:31:34.039 --> 00:31:35.680
dot Com, we shall return.
515
00:31:38.720 --> 00:31:39.480
Welcome on.
516
00:31:40.799 --> 00:31:43.519
Chris Markowski is the watchdog.
517
00:31:43.079 --> 00:31:53.839
Of shoot dot com.
518
00:31:53.920 --> 00:32:05.119
Mhm, taking Wall Streets liars, crooks and cheets out behind
519
00:32:05.160 --> 00:32:09.039
the woodshed. You're listening to the Watchdog on Wall Streets.
520
00:32:12.119 --> 00:32:17.000
Yeah, why don't we going to hit that operational minimum?
521
00:32:17.359 --> 00:32:21.160
I don't know, I really don't, but here's Yeah, it
522
00:32:21.319 --> 00:32:29.200
has to be some CEOs. Commercial inventories of crude oil, liquids, petroleum, gasoline, diesel,
523
00:32:29.799 --> 00:32:33.039
jet fuel, they've all run down. And running down those
524
00:32:33.039 --> 00:32:36.680
inventories has mitigated or offset supplemented by the release of
525
00:32:36.720 --> 00:32:42.039
strategic petroleum reserves, which most of the western countries have done.
526
00:32:43.039 --> 00:32:48.160
All of that has mitigated the impact. You can model this.
527
00:32:49.559 --> 00:32:51.359
I think a lot of people in the industry have
528
00:32:51.599 --> 00:32:55.839
modeled this. Again, this is from the CEO of Chevron.
529
00:32:55.960 --> 00:33:00.200
We are approaching unheard of inventory levels, I mean really
530
00:33:00.440 --> 00:33:04.759
really low levels. You can debate whether that's going to
531
00:33:04.839 --> 00:33:07.359
hit those really low levels in two weeks or three weeks.
532
00:33:07.440 --> 00:33:10.559
Once you get to that point, then you'll see prices
533
00:33:10.559 --> 00:33:13.839
shoot up. I mean I think dated Brent most people,
534
00:33:13.920 --> 00:33:16.279
well a model would say dated Brent will shoot up
535
00:33:16.680 --> 00:33:19.480
once you get to that really low inventory up to
536
00:33:19.559 --> 00:33:21.640
one hundred, one hundred and fifty to one hundred and
537
00:33:21.640 --> 00:33:26.720
sixty dollars a barrel. And then what happens is when
538
00:33:26.759 --> 00:33:30.200
the price gets to a certain level demand destruction. Again,
539
00:33:30.240 --> 00:33:33.440
would I say the cure for high prices? High prices
540
00:33:33.640 --> 00:33:36.599
brings back and a balance. Prices go so high it
541
00:33:36.640 --> 00:33:39.000
becomes unaffordable, and that's what happens.
542
00:33:40.359 --> 00:33:40.680
Again.
543
00:33:40.759 --> 00:33:45.119
It's again we've run down one down reserves. China had reserves,
544
00:33:45.200 --> 00:33:48.200
We have reserves. Other countries have had reserves. But we're
545
00:33:48.240 --> 00:33:53.160
getting to that point in time. Again, this is what
546
00:33:53.240 --> 00:33:58.000
the president is dealing with right now. Do we continue
547
00:33:58.039 --> 00:34:00.839
on with this because again you see that type of
548
00:34:00.880 --> 00:34:01.319
a spike.
549
00:34:02.319 --> 00:34:03.519
Like I said, you're going.
550
00:34:03.440 --> 00:34:07.759
To see much higher gasoline prices. Just laying out the terrain.
551
00:34:08.119 --> 00:34:08.960
It is what it is.
552
00:34:10.679 --> 00:34:15.440
I want to talk a little bit about this again.
553
00:34:15.840 --> 00:34:18.760
I want to root out waste, fraud and abuse as
554
00:34:18.800 --> 00:34:21.760
much as the next guy. This past week you had
555
00:34:22.000 --> 00:34:24.960
doctor Oz, doctor Oz, and he's a I mean, if
556
00:34:24.960 --> 00:34:27.599
you don't to say this guy, this is an accomplished cardiologist,
557
00:34:27.719 --> 00:34:30.800
is one of the best heart surgeons in the country,
558
00:34:31.159 --> 00:34:35.880
transplants everything. But he talked about this rule that was
559
00:34:35.880 --> 00:34:37.559
put in that they're going to be rolling out that
560
00:34:37.639 --> 00:34:40.039
was in the big beautiful bill that was meant to
561
00:34:40.119 --> 00:34:46.360
guide states and work rules going along with Medicaid supposed
562
00:34:46.360 --> 00:34:51.440
to take place in January, and beneficiaries who are part
563
00:34:51.519 --> 00:34:56.400
of the Medicaid expansion must work or volunteer at least
564
00:34:56.480 --> 00:35:00.559
eighty hours per month, ten school at least part time,
565
00:35:01.199 --> 00:35:07.639
or participate in job training. Alternatively, they must prove they
566
00:35:07.719 --> 00:35:09.679
qualify for certain exemptions.
567
00:35:09.679 --> 00:35:12.480
There's some exemptions that are booked in here, caring for.
568
00:35:12.480 --> 00:35:16.880
A child thirteen years or younger, or a parent with
569
00:35:17.079 --> 00:35:22.679
a disability. Those are just a couple of things. Again,
570
00:35:22.760 --> 00:35:25.719
there is a carve out for people who are what
571
00:35:25.760 --> 00:35:31.960
they call medically frail but there's no definition of medically frail.
572
00:35:32.000 --> 00:35:36.039
What people are assuming is person's medical frailty would basically
573
00:35:36.039 --> 00:35:38.880
go along with a person's ability to work.
574
00:35:39.400 --> 00:35:40.440
If your condition.
575
00:35:40.199 --> 00:35:43.440
Significantly impairs your ability to engage in work and the requirements,
576
00:35:43.599 --> 00:35:47.079
then you are likely not subject to the work requirements.
577
00:35:47.159 --> 00:35:50.960
This is the Trump Administration's Medicaid director.
578
00:35:52.400 --> 00:35:52.760
Guys.
579
00:35:53.400 --> 00:35:57.880
This is going to be left up to bureaucrats at
580
00:35:57.920 --> 00:36:01.719
the states. You know as well as I do. These
581
00:36:01.840 --> 00:36:06.280
loopholes are massive. People will be able to find a
582
00:36:06.280 --> 00:36:10.440
way through them. We've talked about just disability in this
583
00:36:10.519 --> 00:36:14.719
country and what it takes to get on disability. It's
584
00:36:15.000 --> 00:36:18.960
not you know, bad back, can't work, disability, I can't sleep,
585
00:36:19.559 --> 00:36:22.079
the things that you're allowed to do. You don't think
586
00:36:23.159 --> 00:36:25.559
that these things are massive loopholes. You've got groups that
587
00:36:25.599 --> 00:36:28.400
are out there. Oh no, this is gonna be terrible.
588
00:36:28.400 --> 00:36:30.000
It's gonna be making people do It's gonna be all
589
00:36:30.000 --> 00:36:31.360
this paperwork that has.
590
00:36:31.159 --> 00:36:31.679
To be done.
591
00:36:31.800 --> 00:36:37.519
Yeah, exactly, meaning what the problem is not going to
592
00:36:37.559 --> 00:36:38.760
be solved.
593
00:36:39.800 --> 00:36:41.719
What the problem is is that we have.
594
00:36:41.719 --> 00:36:47.639
A national program, Medicaid. We have medically send tax that
595
00:36:47.679 --> 00:36:49.360
is run out of Washington.
596
00:36:49.559 --> 00:36:49.880
D C.
597
00:36:50.159 --> 00:36:54.039
Man you're gonna basically have other bureaucrats down here saying, oh,
598
00:36:54.199 --> 00:36:54.639
you've got.
599
00:36:54.519 --> 00:36:56.519
To approve it. It's again, what are they gonna do.
600
00:36:56.559 --> 00:36:59.239
They're just gonna sign off on it like everything else,
601
00:37:01.320 --> 00:37:03.000
and nothing is going to be fixed. We're going to
602
00:37:03.039 --> 00:37:06.880
continue to have all the waste, fraud, and abuse. I'm sorry, okay,
603
00:37:06.920 --> 00:37:09.079
I'm not confident by this. I think this is one
604
00:37:09.159 --> 00:37:14.239
big nothing burger. You want to solve the problem, let
605
00:37:14.320 --> 00:37:20.239
the states handle it. It's not a federal problem. We
606
00:37:20.320 --> 00:37:26.599
want to provide health insurance for poor people here, and
607
00:37:26.639 --> 00:37:27.880
I live in the state of Florida.
608
00:37:27.880 --> 00:37:31.320
Then you know what, we handle it here. We do
609
00:37:31.440 --> 00:37:35.800
it our way. New York, you can do it your way. Alabama,
610
00:37:35.880 --> 00:37:36.880
you do it your way.
611
00:37:37.159 --> 00:37:41.400
We do not need bureaucrats in Washington, DC handling because
612
00:37:41.400 --> 00:37:44.400
there's no way you can do it.
613
00:37:44.400 --> 00:37:45.599
It's not efficient.
614
00:37:47.880 --> 00:37:52.920
We see this all the medicaid, medicare fraud all the people.
615
00:37:52.920 --> 00:37:56.199
It's so you know how difficult it is to fool
616
00:37:56.360 --> 00:37:59.239
these people, these these bureaucrats. It's a piece of cake.
617
00:38:00.480 --> 00:38:03.840
Maybe you think a look all the money that was stolen,
618
00:38:03.880 --> 00:38:09.800
all the handouts from COVID every time, Like I said.
619
00:38:09.599 --> 00:38:09.920
You need it.
620
00:38:09.960 --> 00:38:13.239
All you need is an ethical bypass in America and
621
00:38:13.320 --> 00:38:16.039
you could scan the government out of untold riches.
622
00:38:16.199 --> 00:38:17.239
If you really want to do.
623
00:38:17.239 --> 00:38:20.000
People do all the time and you think that this
624
00:38:20.079 --> 00:38:21.400
is going to fix things.
625
00:38:22.920 --> 00:38:28.519
No way, no how man, I'm sorry, can I Jim?
626
00:38:28.559 --> 00:38:30.840
I used to work at out of down when I
627
00:38:31.079 --> 00:38:36.400
used to live in Sarasota, Florida. Everybody playing racketball, working
628
00:38:36.440 --> 00:38:42.599
on all these healthy, healthy people forties, fifties, early sixties, They're.
629
00:38:42.400 --> 00:38:46.440
All bringing their all on disability. I'm like, why you're on.
630
00:38:46.440 --> 00:38:48.280
Disability, but you can play racketball and you can live
631
00:38:48.320 --> 00:38:53.000
weights all day again again, ethical bypass. I guess people
632
00:38:53.039 --> 00:38:56.960
don't really care anyway. God bless everyone. Thank you so
633
00:38:57.039 --> 00:38:59.000
much for tuning into the program.
634
00:38:59.039 --> 00:38:59.320
Again.
635
00:38:59.400 --> 00:39:01.679
I invite everyone to become a part of our family
636
00:39:01.760 --> 00:39:04.719
at Markowski Investments. Sign up for all the stuff we've
637
00:39:04.719 --> 00:39:07.760
got at our website Watchdog on Wallstreet dot com.
638
00:39:07.760 --> 00:39:09.280
That's Watchdog on Wallstreet dot.
639
00:39:09.239 --> 00:39:11.800
Com, or give us a call eight hundred four seven
640
00:39:11.840 --> 00:39:13.719
one fifty nine eighty four.
641
00:39:13.760 --> 00:39:14.519
We'll see you next week.
642
00:39:17.440 --> 00:39:24.760
You're listening to the Watchdog on Wall Street
1
00:00:07.040 --> 00:00:12.679
Well, no one author, investment banker, consumer advocate, analyst, trader
2
00:00:12.839 --> 00:00:16.640
Chris Markowski is the watchdog Wall Street. Do you want
3
00:00:16.640 --> 00:00:20.640
to answer exposing the lines and myths that the big
4
00:00:20.679 --> 00:00:24.480
brokerage firms, the mainstream press, and the government are pushing
5
00:00:24.559 --> 00:00:27.480
to keep Americans away from financial freedom.
6
00:00:27.760 --> 00:00:29.519
You can't handle the truth.
7
00:00:30.199 --> 00:00:33.520
Bringing America the truth about what really happens in the
8
00:00:33.520 --> 00:00:35.320
financial world. Ladies and gentlemen.
9
00:00:35.320 --> 00:00:37.960
We're not here to indulge in fantasy, but in political
10
00:00:38.240 --> 00:00:39.439
and economic reality.
11
00:00:39.520 --> 00:00:42.000
This is the watchdog Wall Streets.
12
00:00:43.759 --> 00:00:47.280
All right, well, ame out here, body, welcome back. It
13
00:00:47.359 --> 00:00:51.280
is the watchdog on Wall Street Show. I have to again,
14
00:00:51.479 --> 00:00:54.200
I basically teased this earlier on in the program. We
15
00:00:54.280 --> 00:00:59.520
were talking about the strike that was in the General
16
00:00:59.520 --> 00:01:05.680
Motors truck supplier plant in Michigan. American Axle is the
17
00:01:05.760 --> 00:01:09.040
name of the company. Thousand workers at this supplier they
18
00:01:09.079 --> 00:01:13.439
went on strike. They make key parts for General Motors,
19
00:01:13.480 --> 00:01:16.519
mid size and full size pickup trucks.
20
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It's in three Rivers, Michigan.
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00:01:20.799 --> 00:01:23.159
They say the workers have said that their pay just
22
00:01:23.319 --> 00:01:26.640
has not recovered since two thousand and eight.
23
00:01:26.719 --> 00:01:27.760
At that point in time.
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00:01:27.799 --> 00:01:30.159
Again, in two thousand and eight, Great recession, they agreed
25
00:01:30.200 --> 00:01:33.799
to slash their wages in half to keep the plant
26
00:01:33.879 --> 00:01:36.719
running during that period of time Emember it was GM
27
00:01:36.840 --> 00:01:37.879
was government motors.
28
00:01:40.560 --> 00:01:43.000
This is what they're saying right now.
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00:01:43.000 --> 00:01:45.319
This is for eighteen years, these members have built you
30
00:01:45.480 --> 00:01:48.719
an empire of profit while getting treated like dirt. They've
31
00:01:48.719 --> 00:01:51.239
taken wage cuts, benefit cuts. They poured their souls into
32
00:01:51.280 --> 00:01:55.400
this plant. This is Sean Fain from the UAW live stream.
33
00:01:55.400 --> 00:01:55.840
That's right.
34
00:01:56.560 --> 00:01:58.359
We'll take out and strike until this company comes to it,
35
00:01:58.400 --> 00:02:02.200
says us entreats. These workers were digging it and respect.
36
00:02:02.439 --> 00:02:05.599
Now. This is extensive article in the Wall Street Journal,
37
00:02:05.599 --> 00:02:08.800
and this just just shows you just how bad, quite frankly,
38
00:02:08.840 --> 00:02:11.520
how low we've gotten when it comes to journalisms making
39
00:02:11.560 --> 00:02:16.080
all these points talking about profitability. And I wasn't familiar.
40
00:02:15.680 --> 00:02:19.159
With American Axle, but it's not hard to find out
41
00:02:19.159 --> 00:02:22.639
what their financials are. So I went and I took
42
00:02:23.000 --> 00:02:28.400
a look. The margins for this company are minuscule.
43
00:02:29.680 --> 00:02:33.520
They really are. They are minuscule.
44
00:02:34.639 --> 00:02:40.240
And I see what they're paying at this plant. Again,
45
00:02:41.759 --> 00:02:46.719
most production workers top out at twenty two dollars an hour.
46
00:02:46.919 --> 00:02:49.479
Say that's not a lot of money by any stretch
47
00:02:49.520 --> 00:02:55.120
of the imagination California was the minimum weeds for fast
48
00:02:55.199 --> 00:03:01.960
foods twenty dollars an hour. And I want to explain
49
00:03:02.000 --> 00:03:04.120
this because in again, this is the way that journalists
50
00:03:04.159 --> 00:03:04.960
write this story.
51
00:03:05.439 --> 00:03:06.280
The problem with.
52
00:03:07.000 --> 00:03:12.680
The unions is unions don't deal with reality. Again, political
53
00:03:12.759 --> 00:03:17.000
and equinomic, political and economic reality. Don't deal with the
54
00:03:17.039 --> 00:03:20.919
reality of the terrain. Thousand workers at this plant. It's
55
00:03:20.919 --> 00:03:24.599
a pretty round number, don't you think, Wow, not odd
56
00:03:25.199 --> 00:03:30.199
they have a thousand members. Why Well, because the union
57
00:03:30.240 --> 00:03:35.520
demands it. This is probably a plant, whether you like
58
00:03:35.599 --> 00:03:39.039
it or not. Probably a lot of automation could be
59
00:03:39.080 --> 00:03:43.120
put into place, and they could probably do away with
60
00:03:43.360 --> 00:03:50.479
many of the workers. That's terrible. That's life people, that
61
00:03:50.280 --> 00:03:54.199
that happens in white collar Hey, you're seeing tech companies
62
00:03:54.360 --> 00:03:56.719
laying people off at this point in time, are you not.
63
00:03:59.120 --> 00:04:04.759
That that's life. What these unions do is, unfortunately, we gotta.
64
00:04:04.520 --> 00:04:06.759
Protect all these jobs because that's that means all they've
65
00:04:06.759 --> 00:04:11.639
gotta have more union members. I think that people working
66
00:04:11.719 --> 00:04:15.000
at the factory probably could be have less workers making
67
00:04:15.280 --> 00:04:16.800
a lot more, doing.
68
00:04:16.519 --> 00:04:17.360
More with less.
69
00:04:17.519 --> 00:04:20.560
How in the world are we gonna be able to
70
00:04:20.680 --> 00:04:24.920
compete with China? We can't This is why we ban
71
00:04:25.120 --> 00:04:26.480
Chinese cars from our market.
72
00:04:26.480 --> 00:04:27.040
Can't compete.
73
00:04:29.160 --> 00:04:32.079
That's why the average car in America is over fifty
74
00:04:32.279 --> 00:04:36.399
thousand dollars a year. It's another story as well. Automakers
75
00:04:36.399 --> 00:04:38.120
are coming to grips of the fact that there's gonna
76
00:04:38.120 --> 00:04:42.560
they're gonna sell a million cars less this year.
77
00:04:43.439 --> 00:04:48.439
A million people can't afford it. They've gotten too expensive.
78
00:04:50.199 --> 00:04:56.759
Why again, unions not dealing with the terrain, the realities
79
00:04:57.000 --> 00:05:02.639
of the terrain. If unions what they should do is
80
00:05:02.720 --> 00:05:06.600
understand what's coming down the pike, Understand that the automation
81
00:05:06.759 --> 00:05:09.759
is going to take place, productivity gains here in the
82
00:05:09.879 --> 00:05:12.519
United States, and actually took over to their workers and said, hey,
83
00:05:12.519 --> 00:05:14.279
you don't listen, We're gonna have to start training you.
84
00:05:14.560 --> 00:05:16.399
We may have to send you guys back to school.
85
00:05:17.759 --> 00:05:21.120
Use those unionde rather spend those union money, those dues
86
00:05:21.160 --> 00:05:23.839
that you're collecting on politicians, why don't you spend it
87
00:05:23.879 --> 00:05:26.000
on your workers, and maybe saying, hey, you know, listen,
88
00:05:26.279 --> 00:05:27.839
we got to put you might have to prepare for
89
00:05:27.920 --> 00:05:34.920
something else. That's our system, people, It's creative destruction. Stuff
90
00:05:35.000 --> 00:05:38.240
is built, stuff is destroyed, stuff is created.
91
00:05:38.639 --> 00:05:43.959
It's just that's the way it goes. I guarantee you
92
00:05:43.959 --> 00:05:44.720
could speak.
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00:05:44.480 --> 00:05:45.240
To the CEO.
94
00:05:45.639 --> 00:05:48.279
It could probably do away with probably.
95
00:05:47.920 --> 00:05:53.399
Half the workforce, automate it pay their workers more.
96
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But again the union won't allow it.
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So that's why you get the average worker making twenty
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two dollars an hour. This is interesting as well, the
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same idea Mercedes Benz right now as it stands, this
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is again, this is Congress in their infinite wisdom. When
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they get legislation, they better fix.
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This but quick.
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Mercedes Benz could find itself shut out of the US
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auto market, banned, banned from making And there's Mercedes Benz
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plants here in the United States banned from making or
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selling new vehicles in the country under legislation that's making
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its way through Congress right now. This bipartisan legislation aimed
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at limiting Chinese involvement in the US auto market. May
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get believe it Mercedes Benz or German right, Well, well,
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guess what Mercedes Benz is largest shareholder. Largest shareholder is
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the state owned Chinese automaker b ai C formerly the
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Beijing Automotive Industrial Corporation. They have a almost a ten
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percent share Wow, So again they better change that right,
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you know that that song with what was the Janis Joplin.
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Lord, won't you bomb me?
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Or merceladies, You're not going to be able to do that.
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Latest on tariffs here, the United States is proposing new
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tariffs of ten percent ten percent on its trading partners.
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I guess, I guess is a.
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Failure to address forced labor concerns. They pulled that one,
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They pulled that rabbit out of a hat, right. The
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Office of the US Trade Representatives said that the goods
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from Canada, Mexico, and the European Union and roughly a
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dozen other economies would face a ten percent duty after
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an investigation found they hadn't done enough to block imports
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of goods made from forced labor. Other countries, including China, Japan,
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and India would face a twelve point five percent rate
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because they don't prohibit such imports. You know, it's funny, funny,
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and again people get angry with me about this, but
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we were spot on. When deliberation day was announced. The
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initial announcement this, the stock market initially took off because
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that's what they thought. The President was going to impose
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a tariff of ten percent across the port and then
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they came out with the charts and all this if
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math formula that wasn't a math formula. It was again,
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it was like they, you know, pretended to copy it
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off the board from Goodwill Hunting and things went nuts,
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and everything kind of went crazy at that point in time.
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And now we had a waste over.
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A year, and now we're returning tariffs that were already collected,
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wasting time, energy and money. I don't know whether this
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is going to be additioned to other tariffs or what,
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but I would most certainly expect some sort of tip
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for tat when it comes to these countries as well.
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Anyway, what is that song?
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Maybe we'll play it coming out of this segments by
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the band Steelers Wheel there was it stuck in the
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middle with you, And there's a there's a line in
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that he said, clowns to the left of me, jokers
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to the right.
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Here I am stuck in the middle with you.
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And I saw these stories and I'm like, again, that's
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what it is. You got clowns on the left, the donkeys,
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and you've got clowns on the right Republicans. And I'm
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going to give you two examples of this. First and
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foremost this one. I first I thought it was a parody.
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I said, how is this even legal? This is a measure,
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a balant measure in Oregon. It's known as Initiative Petition
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twenty eight. The basically what this is going to be
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a law to expand the state's animal cruelty laws and
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would basically no hunting and fishing in the state.
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That's right, and the whole state.
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Or it would prohibit hunting, fishing, I can't use animals
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and rodeos, no castrating or neutering livestock, no scientific research
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on animals, and no slaughtering of livestock.
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The entire state.
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Again, I don't see it. I mean something like this past.
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How many people would move out of Aura? You're going
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to ban hunting and fishing? And I again, I from
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upstate New York. So many school districts, many school districts
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where I lived at the first day of hunting season
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was a day off for school, for crying out loud.
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People go hunting and fishing for food.
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My father, my grandfather, my brother Michael, and I when
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we were kids, we would go out.
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We drove go out.
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It's in cold in the winter. We'd go out fishing
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in the North Atlantic. I wanted these boats have a
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charter captain. We would catch codfish and haddock freezing cold.
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I mean, I loved it. It was fun going out there.
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And fill our freezer with fish.
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Why because we ate it.
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Anyway.
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Well, there's the there's the clowns that left to me.
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We'll do a little bit of jokers to the right again. Republicans.
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Republicans right now want to tax your car.
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Yep.
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And again I kind of called this one as well.
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I just didn't think the uh, the Grand Old Party.
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I didn't think the elephants were going to do that.
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But yeah, yeah, the Grand Old Part. Republicans want a
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national car tax.
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Oh yeah, yeah.
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They need infrastructure dollars, people, that's right, they need infrastr
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They want infrastructure dollars for the states, and they just
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Republicans have come up with a new revenue stream, the
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first ever federal annual registration fee for vehicles. Oh yeah,
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it's only going to be electric vehicles. Boloney, boloney, nonsense
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again five years ago. Congress, I though, again are building
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out infrastructure fixer to fix all these things. Right there
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are transportation reauthorization, we aut an Act. Joe Biden's Infrastructure
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Investment in Jobs Act, that one point two trillion dollar
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piece of garbage legislation.
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Did it do anything? Really?
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I'm looking at pictures they serve me pictures of the
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George Washington Bridge going underneath it, falling apart.
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Oh yeah, you know what it did.
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It probably built bike paths for crying out loud, or
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some bridge for some turtle to get over at some
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point in time. Oh yeah, it was the cure. All
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one point two trillion dollars in infrastructure. What's been fixed?
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Nothing?
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But oh Republicans want more money now they want to
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get involved in this too. No, there were again the
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Highway Trust Fund. Now how does that get funded? Oh yeah,
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you're gas tax eighteen cent a gallon federal gasoline tax.
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But it's not keeping up.
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With the needs, not keeping up with the needs.
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And now we've got higher gasoline prices because of the
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conflict in Iran. Right, so again you can't go raising
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the gas tax. So we're gonna have.
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A new fee, new fee for electric vehicles and hybrids.
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Oh yeah, and they're gonna sell this is like, ah,
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that's a that's an electric car, that's not a Magna car.
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Ah yeah, they're.
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The free load in Tesla owners than those people that
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own priuses. Right, one hundred and fifty dollars annual fee
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on evs and a fifty dollars annual fee on hybrids.
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There you go by I being thirty billion dollars in
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new taxes brought to you by the Republicans. Well, you
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know it's totally fair, you know, because they're not buying
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enough gasoline and they're briving on the roads. Okay, okay,
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give me a break. Okay, you know as well as
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I do. Okay, pass this passes. What happens when you
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get president aok or any Democrat there?
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Oh, you know those SUVs are heavy on the roads.
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We're going to tax them too.
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As soon as Democrats get into power, they're gonna say, oh,
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look at this, there's a new federal gas car tax
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we can do. Here, We're gonna put a tax on
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all cars. And you know what they want to do.
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They want to run it through the states. They want
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to run it through the states. And then you know
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what they'll do, little carve outs based upon income and
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who has to pay or who has to pay more? Oh,
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you're making more money, Well, then you got to pay
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a higher tax.
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You've got to be kidding. This is coming from Republicans.
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Thank you.
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An actual conservative happens to be my governor down here
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in the state of Florida, Ron Santas, who actually kind
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of appreciates the founders in the Constitution. He said, commandeering
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state DMVs and to federal tax collectors is not.
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Constitutional, and he's not wrong. Even chip Roy.
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Chip Roy came out and said, are you out of
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your He said this, are you out of your fricking mind?
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The Party of Limited Government is going to go out
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and say we're going to have a car tax.
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Yep.
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Again people, the uniparty, uniparty money for all, gotta raise
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more money, gotta spend more money, gotta dole more out,
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doesn't matter who's in charge.
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Watchdog on Wallstreet dot com.
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Watchdog on Wall Street dot com again is our site.
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To become a part of our family at Markowski Investments,
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sign up for our personal CFO program, podcast, newsletter, you
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00:16:06.679 --> 00:16:10.200
name it Watchdog on Wallstreet dot com, or give us
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a call eight.
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Hundreds four seven one fifty nine eighty four.
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We'll be back.
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Yeah.
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Ticking Wall streets, liars, crooks and cheets out behind the woodshed.
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You're listening to The Watchdog on Wall Street.
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That's good memory. I had to just to have this
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on this kid forty five. Anyway, welcome back. It is
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the Watchdog on Wall Streets. Some doors there for you.
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You know what, I spent a lot of time this
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past week on the podcast giving assessment. We're basically breaking
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out my decoder ring. It's best I possibly could. When
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it came to the Iran Military Industrial Complex situation we've
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got going on, it is very, very difficult to follow.
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One of the things you have to do what I
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do to kind of determine and try to get a
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better gist of what's going on, is you have to
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look at what the mouthpieces are saying from each side.
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You know, obviously you have the mouthpieces for the administration,
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which would be Fox News and Newsmax, and you have
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the mouthpieces to the left post of the MS and
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Now and maybe you know some CNN to some degree
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in some of the other stuff. But when I saw
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this pad again, I don't sit and watch them. I
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get various different clips and stuf put to me. When
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I saw, you know, one of the big morning pundits
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on Fox and Friends kill me, they're basically he was yelling.
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He's like, you know, you got to get wit Cough
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and Kushner. You got to get them out it. You
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got to put Rubio there, you know, again going against
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the grain to some degree, and I'm saying, Okay, there's
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issues right now, and these are things again, I'll talk
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a little bit more about it in a bit. That
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is a reality that we're not being told. I've been
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telling you, We've been telling you what could possibly occur
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at oil and a myriad of things.
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But I want to win.
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I want to win, and anyway win right now to
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me is basically to kind of extricate ourselves from this situation.
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I've been clear here on the program. I don't believe
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that it was the right move, but again people can.
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Argue over that.
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I'd like to learn at some point in time from
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our military conflicts what we've been doing since post World
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War two, and Eisenhower.
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Was he was right on it.
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We talked about the military industrial complex. We need to
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really rethink the way that we're doing things. I mean,
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you take a look at what Ukraine has been able
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to do by changing its tactics and going the way
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of drones, I've talked about asymmetric warfare here on the program.
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We have a military industrial complex that's based upon contracts
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and deals. You take a look at the major defense contractors.
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There's a reason why they spread their offices. They're manufacturing
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over forty states. It's forty four to forty five states.
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These these four or five, these four or five contract
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they spread them everywhere. Why is this what get a
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deal done? No senator is going to vote against that funding.
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We are keeping programs going that we don't need to again.
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We failed another audit, Pentagon failed another audit. We don't
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need to spend another one point five trillion dollars on
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our military. We just need, quite frankly, to spend a
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hell of a lot wiser. We get back on the break,
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I'm gonna talk a little bit about the situation with
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oil on the ground that quite frankly, no one's really
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talking about. Watchdog and Wallstreet dot Com. Watchdog on Wallstreet
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dot Com is our site. Become a part of our family,
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set up for our personal CFO program, Watchdog on Wallstreet
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dot Com.
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We'll be back.
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America financial Freedom, one listener at a time. You're listening
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to the Watchdog On Wall Street with Chris Markowski.
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Welcome back, as don't don't doubt me here.
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Okay.
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I've been following the media for a very long period
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of time and very closely, and I've been following politics
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and how politicians operate for a very long period of time.
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The reason why I think things are not going as
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swimmingly as you know they they're presenting again, putting on
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a good front, and I don't like saying this is
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the fact that they're trying to distract the public as
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best they possibly can.
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And I'll give I'm gonna give you three.
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Examples, three examples, one of which one of which again
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was just it's so ridiculous that the President was talking
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about leaving the UFC stage up at the White House House,
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not taking it down, and he kind of compared it
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to the Eiffel Tower.
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So a lot of people like it. I think maybe
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we'll leave.
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It there now.
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Again, we all know that that's use your head, it's
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not going to happen, but he actually came out and
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said it. And what is he doing, Okay, he wants
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the media to cover that. He wants people to be
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preoccupied with that trolling. Another one I believe as well
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was the appointment of Bill Pulty as National Director of
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National Intelligence.
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00:22:34.160 --> 00:22:35.799
And again you're watching the various people.
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00:22:35.799 --> 00:22:36.759
Well this is a great call.
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He's loyal to the president.
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Well, again, I have a different definition of loyalty than
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again most people have. My wife is loyal to me,
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But my wife is loyal to me because you know
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what you'll also do. You tell me when I'm wrong.
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So tell me when I'm being a jerk, when I'm
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out of line. Good friends will do that too. Those
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are true friends. Those are people that are really loyal
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to you. Sycophants are not loyal. They're just frightened. They're
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either they're either frightened of you or they're getting paid.
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They like their position, and they're going to just feed
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you what they want to hear. Those that's not loyalty. Okay,
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it's not any This is this is the one one
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of the few jobs that are out there.
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That is there's actually law that goes along with it.
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I looked it up.
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If US Code three zero two three, any individual right here,
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it goes there is a Director of National Intelligence who
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shall be appointed by the President. Any individual nominated for
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appointment as Director of National Intelligence shall have extensive national
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security expertise.
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That's law.
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That law.
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Again, and President is aware of this, his people are
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aware of this. But again it's getting people distracted.
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Another one, another one. Again.
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I saw this and I was like, now, it's not
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gonna happen.
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You actually sent.
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Out the Treasury secretary to say that there's going to
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be a two hundred and fifty dollars bill with the
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President's face on it.
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00:24:22.240 --> 00:24:24.359
Do you know that that three separate.
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00:24:24.160 --> 00:24:27.640
Laws would have to be passed in order for that
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to happen, and you have to get sixty votes in
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00:24:32.079 --> 00:24:37.359
the Senate. Again, better chance of me playing middle linebacker
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00:24:37.480 --> 00:24:43.000
for the Giants this year, then that happening. Not to
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mention the fact, I don't know if you remember this again,
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00:24:45.559 --> 00:24:47.039
it caused a bit of controversy not.
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Too long ago.
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Andrew Jackson is scheduled to be removed from the twenty
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dollars bill and replaced by Harriet Tubman. They've been working
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on this for a sometime. It's scheduled to happen in
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twenty thirty. And I actually, again because I get curious,
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is that the amount of security things and preventatives for
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that they've got to put into the money in regards
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to counterfeiting all this stuff.
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That's that's a part of it. So they knew exactly
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they knew.
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00:25:23.680 --> 00:25:25.359
They knew that there's not going to be any two
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hundred and fifty dollars deal. But all they wanted to
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do was to get people going and get people distracted
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and talking about those things.
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That's the reality anyway. Anyway, you know what.
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Quickly on this next story, We've got to get to
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this one quickly, and then I'll get into oil in
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00:25:42.400 --> 00:25:46.200
the next segment. What is it with I've got a
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00:25:46.200 --> 00:25:49.839
lot of stations listeners out there in California, guys. You know,
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00:25:49.880 --> 00:25:53.400
guys don't know how to count there. You don't know
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00:25:53.440 --> 00:25:58.960
how to count votes. How difficult is it? I mean,
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00:25:59.000 --> 00:26:01.680
Bloody Sesame's one of my favorite Sesame Street characters.
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00:26:01.759 --> 00:26:07.440
To count then one vote, two? How many? How long
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does it take.
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00:26:09.559 --> 00:26:14.920
Presidential election here in the state of Florida. A couple
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00:26:14.960 --> 00:26:19.759
hours we had every vote counted. You've got countries around
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00:26:20.039 --> 00:26:23.640
the globe that can get this thing done. Licketty split.
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00:26:25.440 --> 00:26:27.000
It was twelve hours later.
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00:26:27.039 --> 00:26:28.559
I think I checked.
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00:26:29.319 --> 00:26:32.359
I know it was only like less than sixty percent
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00:26:32.680 --> 00:26:34.519
of the votes have been counted.
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00:26:35.960 --> 00:26:38.240
Now, let's just say I'm gonna I'm gonna play it like.
439
00:26:38.240 --> 00:26:42.000
Oh no, there's no no election fraud, no ballot stuffing. Right,
440
00:26:42.079 --> 00:26:45.880
I'm gonna pretend that that's true. Okay, even if that
441
00:26:46.240 --> 00:26:50.079
was the case. Do you think it's better for your
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00:26:50.119 --> 00:26:54.079
state and better for the country for people to feel
443
00:26:54.079 --> 00:26:56.559
confident that there's no Shenanigan's taking place?
444
00:26:59.000 --> 00:26:59.279
Really?
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00:26:59.359 --> 00:27:02.759
I mean, is it that hard to accomplish? You wonder
446
00:27:02.799 --> 00:27:05.400
why people don't trust the government again. It's like it's
447
00:27:05.440 --> 00:27:09.599
almost by design. They want us angry, they want us
448
00:27:09.880 --> 00:27:14.880
basically questioning elections again, keeping us angry at one another.
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00:27:16.400 --> 00:27:19.240
Watch Dog on Wallstreet dot Com. Watchdog on Wallstreet dot Com,
450
00:27:19.279 --> 00:27:22.880
don't go anywhere I got again, an insider perspective on
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00:27:22.960 --> 00:27:26.240
oil again that you're really not getting anywhere else. Watchdog
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00:27:26.279 --> 00:27:28.759
on Wallstreet dot Com. We shall return, don't go anywhere
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00:27:39.960 --> 00:27:48.880
today the only man who is taking on the Wall
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00:27:48.960 --> 00:27:52.720
Street establishment. You're listening to the Watchdog and Wall Street
455
00:27:52.759 --> 00:27:53.720
with Chris Markowski.
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00:27:57.359 --> 00:27:57.920
Welcome back.
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00:27:59.680 --> 00:28:04.119
Quick reminder on the personal CFO program can get new
458
00:28:04.160 --> 00:28:09.640
stations and new listeners all the time. Here Markowski Investments.
459
00:28:10.319 --> 00:28:14.480
We we help everyone out. We do not have minimums.
460
00:28:14.599 --> 00:28:19.960
We're completely different from every other family office out there. Yes,
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00:28:20.039 --> 00:28:24.119
family offices primarily not primarily that only we're the exception
462
00:28:24.839 --> 00:28:29.839
handling ultra high network clients. We help everyone out. Okay,
463
00:28:29.880 --> 00:28:31.680
we do it a little bit differently. Yes, you have
464
00:28:31.680 --> 00:28:35.480
the accountants, do we have. We do everything for everyone
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00:28:35.599 --> 00:28:37.200
if they choose it, if they need that.
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00:28:38.240 --> 00:28:43.480
But you're all invited. And this was, uh, this was a.
467
00:28:45.240 --> 00:28:48.240
This was a deal breaker for my uh, myself, my
468
00:28:48.279 --> 00:28:50.960
brothers and I. It's our it's our company. I know
469
00:28:51.000 --> 00:28:53.799
where we came from in life. And one of the
470
00:28:53.839 --> 00:28:58.920
problems that exists is the fact that again there's quite frankly,
471
00:28:58.960 --> 00:29:04.599
a lack of quality, quality people out there to help everyone.
472
00:29:05.680 --> 00:29:09.079
The big firms again easier easier to just deal with
473
00:29:09.319 --> 00:29:10.000
wealthy client.
474
00:29:10.000 --> 00:29:13.480
I mean, be honest, it is Okay, it's a lot
475
00:29:13.559 --> 00:29:19.279
more difficult to build wealth than to maintain wealth. A
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00:29:19.279 --> 00:29:22.319
lot of difficulties that the guys have that are dealing
477
00:29:22.319 --> 00:29:26.000
with the ultra high net worth guys is keeping their
478
00:29:26.079 --> 00:29:29.240
kids from blowing all their assets on dumb stuff.
479
00:29:30.400 --> 00:29:30.839
Okay.
480
00:29:31.839 --> 00:29:34.599
No, we like to build wealth for people. It's one
481
00:29:34.640 --> 00:29:36.680
of the most satisfying things that we do. And that's
482
00:29:36.720 --> 00:29:40.480
what our personal CFO program is all about. Again, it
483
00:29:40.599 --> 00:29:44.440
doesn't happen overnight. Everything in life that has meaning, value
484
00:29:44.440 --> 00:29:50.039
and worth involves work, time and effort. No, you're not
485
00:29:50.079 --> 00:29:52.119
going to see doubles and triples on your money, so
486
00:29:52.200 --> 00:29:54.440
we're not. No, it doesn't work that way. That's not
487
00:29:54.480 --> 00:29:59.000
how people became wealthy in the first place. It's a process.
488
00:29:59.519 --> 00:29:59.880
Okay.
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00:30:00.000 --> 00:30:02.559
We basically look at as working on the fundamentals all
490
00:30:02.559 --> 00:30:07.119
the time. It's financial preparation, not financial planning. And again
491
00:30:07.400 --> 00:30:09.839
everyone is invited to get to our website at Watchdog
492
00:30:09.880 --> 00:30:12.079
and wallstreet dot com. You can sign up for our
493
00:30:12.119 --> 00:30:19.039
personal CFO program. Okay, oil, we are right now. We
494
00:30:19.079 --> 00:30:28.359
are at some really really difficult inventory levels. Our strategic
495
00:30:28.400 --> 00:30:32.400
petroleum reserve has I can't remember it ever being this low.
496
00:30:33.640 --> 00:30:36.400
We are, Yeah, without a doubt, we're helping out, We're
497
00:30:36.400 --> 00:30:40.880
shipping oil to other parts of the world. But again,
498
00:30:42.119 --> 00:30:48.279
we're hitting a wall at this point in time. Some
499
00:30:48.359 --> 00:30:53.400
things could happen. Some things could happen again, prices, in
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00:30:53.440 --> 00:30:56.680
my opinion, unless unless we come to some sort of
501
00:30:56.680 --> 00:31:00.200
meeting in the minds with this situation in our ran,
502
00:31:00.359 --> 00:31:02.279
you could see a pretty.
503
00:31:02.000 --> 00:31:02.880
Large spike.
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00:31:04.240 --> 00:31:05.359
And that large spike.
505
00:31:05.440 --> 00:31:07.519
Again, one of the the you know, the cure for
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00:31:07.880 --> 00:31:11.880
high prices, quite frankly, is high prices you would see
507
00:31:11.920 --> 00:31:13.319
an economic.
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00:31:13.160 --> 00:31:15.839
Slowdown that people not being able to afford it.
509
00:31:16.200 --> 00:31:22.240
But again that is global recession, global depression, something that
510
00:31:22.359 --> 00:31:24.680
is that's out there at this point in time. I'm
511
00:31:24.680 --> 00:31:27.119
going to talk about what the CEO of Exxon and
512
00:31:27.160 --> 00:31:30.480
Mobile and Chevron have to say about this. When we
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00:31:30.519 --> 00:31:34.000
get back Watchdog on Wallstreet dot com. Watchdog on Wallstreet
514
00:31:34.039 --> 00:31:35.680
dot Com, we shall return.
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00:31:38.720 --> 00:31:39.480
Welcome on.
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00:31:40.799 --> 00:31:43.519
Chris Markowski is the watchdog.
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00:31:43.079 --> 00:31:53.839
Of shoot dot com.
518
00:31:53.920 --> 00:32:05.119
Mhm, taking Wall Streets liars, crooks and cheets out behind
519
00:32:05.160 --> 00:32:09.039
the woodshed. You're listening to the Watchdog on Wall Streets.
520
00:32:12.119 --> 00:32:17.000
Yeah, why don't we going to hit that operational minimum?
521
00:32:17.359 --> 00:32:21.160
I don't know, I really don't, but here's Yeah, it
522
00:32:21.319 --> 00:32:29.200
has to be some CEOs. Commercial inventories of crude oil, liquids, petroleum, gasoline, diesel,
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00:32:29.799 --> 00:32:33.039
jet fuel, they've all run down. And running down those
524
00:32:33.039 --> 00:32:36.680
inventories has mitigated or offset supplemented by the release of
525
00:32:36.720 --> 00:32:42.039
strategic petroleum reserves, which most of the western countries have done.
526
00:32:43.039 --> 00:32:48.160
All of that has mitigated the impact. You can model this.
527
00:32:49.559 --> 00:32:51.359
I think a lot of people in the industry have
528
00:32:51.599 --> 00:32:55.839
modeled this. Again, this is from the CEO of Chevron.
529
00:32:55.960 --> 00:33:00.200
We are approaching unheard of inventory levels, I mean really
530
00:33:00.440 --> 00:33:04.759
really low levels. You can debate whether that's going to
531
00:33:04.839 --> 00:33:07.359
hit those really low levels in two weeks or three weeks.
532
00:33:07.440 --> 00:33:10.559
Once you get to that point, then you'll see prices
533
00:33:10.559 --> 00:33:13.839
shoot up. I mean I think dated Brent most people,
534
00:33:13.920 --> 00:33:16.279
well a model would say dated Brent will shoot up
535
00:33:16.680 --> 00:33:19.480
once you get to that really low inventory up to
536
00:33:19.559 --> 00:33:21.640
one hundred, one hundred and fifty to one hundred and
537
00:33:21.640 --> 00:33:26.720
sixty dollars a barrel. And then what happens is when
538
00:33:26.759 --> 00:33:30.200
the price gets to a certain level demand destruction. Again,
539
00:33:30.240 --> 00:33:33.440
would I say the cure for high prices? High prices
540
00:33:33.640 --> 00:33:36.599
brings back and a balance. Prices go so high it
541
00:33:36.640 --> 00:33:39.000
becomes unaffordable, and that's what happens.
542
00:33:40.359 --> 00:33:40.680
Again.
543
00:33:40.759 --> 00:33:45.119
It's again we've run down one down reserves. China had reserves,
544
00:33:45.200 --> 00:33:48.200
We have reserves. Other countries have had reserves. But we're
545
00:33:48.240 --> 00:33:53.160
getting to that point in time. Again, this is what
546
00:33:53.240 --> 00:33:58.000
the president is dealing with right now. Do we continue
547
00:33:58.039 --> 00:34:00.839
on with this because again you see that type of
548
00:34:00.880 --> 00:34:01.319
a spike.
549
00:34:02.319 --> 00:34:03.519
Like I said, you're going.
550
00:34:03.440 --> 00:34:07.759
To see much higher gasoline prices. Just laying out the terrain.
551
00:34:08.119 --> 00:34:08.960
It is what it is.
552
00:34:10.679 --> 00:34:15.440
I want to talk a little bit about this again.
553
00:34:15.840 --> 00:34:18.760
I want to root out waste, fraud and abuse as
554
00:34:18.800 --> 00:34:21.760
much as the next guy. This past week you had
555
00:34:22.000 --> 00:34:24.960
doctor Oz, doctor Oz, and he's a I mean, if
556
00:34:24.960 --> 00:34:27.599
you don't to say this guy, this is an accomplished cardiologist,
557
00:34:27.719 --> 00:34:30.800
is one of the best heart surgeons in the country,
558
00:34:31.159 --> 00:34:35.880
transplants everything. But he talked about this rule that was
559
00:34:35.880 --> 00:34:37.559
put in that they're going to be rolling out that
560
00:34:37.639 --> 00:34:40.039
was in the big beautiful bill that was meant to
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00:34:40.119 --> 00:34:46.360
guide states and work rules going along with Medicaid supposed
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00:34:46.360 --> 00:34:51.440
to take place in January, and beneficiaries who are part
563
00:34:51.519 --> 00:34:56.400
of the Medicaid expansion must work or volunteer at least
564
00:34:56.480 --> 00:35:00.559
eighty hours per month, ten school at least part time,
565
00:35:01.199 --> 00:35:07.639
or participate in job training. Alternatively, they must prove they
566
00:35:07.719 --> 00:35:09.679
qualify for certain exemptions.
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00:35:09.679 --> 00:35:12.480
There's some exemptions that are booked in here, caring for.
568
00:35:12.480 --> 00:35:16.880
A child thirteen years or younger, or a parent with
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00:35:17.079 --> 00:35:22.679
a disability. Those are just a couple of things. Again,
570
00:35:22.760 --> 00:35:25.719
there is a carve out for people who are what
571
00:35:25.760 --> 00:35:31.960
they call medically frail but there's no definition of medically frail.
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00:35:32.000 --> 00:35:36.039
What people are assuming is person's medical frailty would basically
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00:35:36.039 --> 00:35:38.880
go along with a person's ability to work.
574
00:35:39.400 --> 00:35:40.440
If your condition.
575
00:35:40.199 --> 00:35:43.440
Significantly impairs your ability to engage in work and the requirements,
576
00:35:43.599 --> 00:35:47.079
then you are likely not subject to the work requirements.
577
00:35:47.159 --> 00:35:50.960
This is the Trump Administration's Medicaid director.
578
00:35:52.400 --> 00:35:52.760
Guys.
579
00:35:53.400 --> 00:35:57.880
This is going to be left up to bureaucrats at
580
00:35:57.920 --> 00:36:01.719
the states. You know as well as I do. These
581
00:36:01.840 --> 00:36:06.280
loopholes are massive. People will be able to find a
582
00:36:06.280 --> 00:36:10.440
way through them. We've talked about just disability in this
583
00:36:10.519 --> 00:36:14.719
country and what it takes to get on disability. It's
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00:36:15.000 --> 00:36:18.960
not you know, bad back, can't work, disability, I can't sleep,
585
00:36:19.559 --> 00:36:22.079
the things that you're allowed to do. You don't think
586
00:36:23.159 --> 00:36:25.559
that these things are massive loopholes. You've got groups that
587
00:36:25.599 --> 00:36:28.400
are out there. Oh no, this is gonna be terrible.
588
00:36:28.400 --> 00:36:30.000
It's gonna be making people do It's gonna be all
589
00:36:30.000 --> 00:36:31.360
this paperwork that has.
590
00:36:31.159 --> 00:36:31.679
To be done.
591
00:36:31.800 --> 00:36:37.519
Yeah, exactly, meaning what the problem is not going to
592
00:36:37.559 --> 00:36:38.760
be solved.
593
00:36:39.800 --> 00:36:41.719
What the problem is is that we have.
594
00:36:41.719 --> 00:36:47.639
A national program, Medicaid. We have medically send tax that
595
00:36:47.679 --> 00:36:49.360
is run out of Washington.
596
00:36:49.559 --> 00:36:49.880
D C.
597
00:36:50.159 --> 00:36:54.039
Man you're gonna basically have other bureaucrats down here saying, oh,
598
00:36:54.199 --> 00:36:54.639
you've got.
599
00:36:54.519 --> 00:36:56.519
To approve it. It's again, what are they gonna do.
600
00:36:56.559 --> 00:36:59.239
They're just gonna sign off on it like everything else,
601
00:37:01.320 --> 00:37:03.000
and nothing is going to be fixed. We're going to
602
00:37:03.039 --> 00:37:06.880
continue to have all the waste, fraud, and abuse. I'm sorry, okay,
603
00:37:06.920 --> 00:37:09.079
I'm not confident by this. I think this is one
604
00:37:09.159 --> 00:37:14.239
big nothing burger. You want to solve the problem, let
605
00:37:14.320 --> 00:37:20.239
the states handle it. It's not a federal problem. We
606
00:37:20.320 --> 00:37:26.599
want to provide health insurance for poor people here, and
607
00:37:26.639 --> 00:37:27.880
I live in the state of Florida.
608
00:37:27.880 --> 00:37:31.320
Then you know what, we handle it here. We do
609
00:37:31.440 --> 00:37:35.800
it our way. New York, you can do it your way. Alabama,
610
00:37:35.880 --> 00:37:36.880
you do it your way.
611
00:37:37.159 --> 00:37:41.400
We do not need bureaucrats in Washington, DC handling because
612
00:37:41.400 --> 00:37:44.400
there's no way you can do it.
613
00:37:44.400 --> 00:37:45.599
It's not efficient.
614
00:37:47.880 --> 00:37:52.920
We see this all the medicaid, medicare fraud all the people.
615
00:37:52.920 --> 00:37:56.199
It's so you know how difficult it is to fool
616
00:37:56.360 --> 00:37:59.239
these people, these these bureaucrats. It's a piece of cake.
617
00:38:00.480 --> 00:38:03.840
Maybe you think a look all the money that was stolen,
618
00:38:03.880 --> 00:38:09.800
all the handouts from COVID every time, Like I said.
619
00:38:09.599 --> 00:38:09.920
You need it.
620
00:38:09.960 --> 00:38:13.239
All you need is an ethical bypass in America and
621
00:38:13.320 --> 00:38:16.039
you could scan the government out of untold riches.
622
00:38:16.199 --> 00:38:17.239
If you really want to do.
623
00:38:17.239 --> 00:38:20.000
People do all the time and you think that this
624
00:38:20.079 --> 00:38:21.400
is going to fix things.
625
00:38:22.920 --> 00:38:28.519
No way, no how man, I'm sorry, can I Jim?
626
00:38:28.559 --> 00:38:30.840
I used to work at out of down when I
627
00:38:31.079 --> 00:38:36.400
used to live in Sarasota, Florida. Everybody playing racketball, working
628
00:38:36.440 --> 00:38:42.599
on all these healthy, healthy people forties, fifties, early sixties, They're.
629
00:38:42.400 --> 00:38:46.440
All bringing their all on disability. I'm like, why you're on.
630
00:38:46.440 --> 00:38:48.280
Disability, but you can play racketball and you can live
631
00:38:48.320 --> 00:38:53.000
weights all day again again, ethical bypass. I guess people
632
00:38:53.039 --> 00:38:56.960
don't really care anyway. God bless everyone. Thank you so
633
00:38:57.039 --> 00:38:59.000
much for tuning into the program.
634
00:38:59.039 --> 00:38:59.320
Again.
635
00:38:59.400 --> 00:39:01.679
I invite everyone to become a part of our family
636
00:39:01.760 --> 00:39:04.719
at Markowski Investments. Sign up for all the stuff we've
637
00:39:04.719 --> 00:39:07.760
got at our website Watchdog on Wallstreet dot com.
638
00:39:07.760 --> 00:39:09.280
That's Watchdog on Wallstreet dot.
639
00:39:09.239 --> 00:39:11.800
Com, or give us a call eight hundred four seven
640
00:39:11.840 --> 00:39:13.719
one fifty nine eighty four.
641
00:39:13.760 --> 00:39:14.519
We'll see you next week.
642
00:39:17.440 --> 00:39:24.760
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