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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 true proof.
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Bringing America the truth about what really happens in the
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financial world. Ladies and gentlemen. We're not here to indulge
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in fantasy, but in political and economic reality. This is
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the Watchdog Wall Streets.
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All right, Welcome back, everybody, Welcome back to the Watchdog
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on Wall Street. Are always honored to have you tuned
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into the program. Here I am talk a little bit more.
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We started off the program talking about the FED, and
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I really do get into some of the legal drama
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that's taking place.
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You have Senator Tom Tillis.
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He's put his foot down so far and said he
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is not allowing for anybody to go through as the
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next head of the FED until the prosecution of j.
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Powell ends. And he's sticking with that. And what has
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he got two hundred and something days until he's done
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because he's retiring. What does that mean what's the president
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going to do. It's a legal question whether or not
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the President's going to come out and just go ahead
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and try to fire Jay Powell replaced JAP. I guys,
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at this point in time, it's all legal gray areas,
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and again it's going to turn into one big legal mess.
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They keep talking about, you know, the billions billions in
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UH expenditures. When it comes to the FED building and
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again I'm disgusted by it too.
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I'm disgusted by it too.
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But again, when way go you know where they have
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the Federal Reserve banks, the headquarters, whether it's in New York,
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wherever you may go, you see these big buildings and.
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You look at them and you're like, what exactly do
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people do here?
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What? I got four or five hundred economists working in
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these buildings.
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And let's just be honest, Okay, has the FED.
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Done their job? You get you're like, what's their job? Well,
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think about it. What is the job of the Federal Reserve.
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We talked about this earlier with Judy Shelton. In the
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job of the FED to protect protect the value of
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our hard earned dollar. That's the job, right. You know,
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they talk about a two percent inflation target. My inflation
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target is zero. I want zero inflation. Have they done that?
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Have they done that?
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I got I can cite the movie office space with
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the bobs, you know, the Bob's coming in the little
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corporate consultants doing the interviews with the employees. What exactly
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do you say you do here? What exactly do you
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people do with the Federal Reserve? What purpose do you
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really serve? Exit basically serve at the bequest of Congress
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and the President, continue to print money and degrade the currency.
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Well, we take a look at that.
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Massive loss that the FED has in regards to its
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construction deal there the new FED building. Fogg your bottom anyway,
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why don't you take a look at the fact that
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three year losses.
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This is no joke, Okay, the Federal Reserve has.
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Lost two and ten billion dollars over the past three years,
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two hundred and ten billion dollars. Up until three years ago,
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the FED would run a profit. They would run a profit,
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and they would remit that profit to the US Treasury.
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Twenty fifteen, the FED profit was almost one hundred and
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twenty billion dollars. And now every Monday they lose every
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every every year, they lose, not to mention you take
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a look at the garbage on their balance sheet right now,
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all of these mortgage backed securities and treasuries that they
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can't even sell.
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Its garbage.
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And you know the funny thing is is you've got
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you got all these financial engineers out there trying to
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figure out ways of dealing with the problem.
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How are we gonna deal with the Fed's balance sheet?
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How are we going to handle the Fed's balance sheet?
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I got this idea. I got that idea again. You
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know what financial engineers do. They just hide risk, that's all.
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They just hide risk.
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Somebody's got to pay. Somebody's got to pay for those losses.
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And that is going to be us, the taxpayer. It
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always is. Anyway, this number makes me, uh gives me pause.
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And I know it's anecdotal. I'm gonna give you my
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my anecdotal thing. First, I have small business clients all
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over the country make up by far the overwhelming majority
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of our clients all over the country are small business owners,
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not corporate CEOs and.
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Those those two.
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But the overwhelming majority of our clients are small business
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owners from North Pole, Alaska, to Key West, Florida, everywhere
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in my my evidence speaking with them and knowing what's
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going on in their businesses. Everybody's concerned. Everybody has been
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cautious for some time. Last year, tariffs threw everybody for
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a loop, no doubt about it.
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They threw everybody for a loop. We'll get the tariffs
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in a bit.
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But now what's going on the high cost of energy,
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how that's going to filter through into everything, because we really,
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I mean, you think you're paying a lot at the
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pump people, It could get much much worse, very very quickly.
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And we haven't really felt felt the effects of higher
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energy costs in the items that we buy. Yet that's
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coming soon to a theater near you, mark my words.
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And small businesses know this. The NFIB Small Business cap
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X survey that they did over the next six months,
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small businesses are planning on spending money on capital expenditures,
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investing in their business at the left that it was
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back in two thousand and eight, earned the Great Recession.
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That's not good. That's not good.
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That's how over the court in the country, that's what's
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how small businesses feel about the underlying economy at this
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point in time. Not happy about what's taking place now.
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We're getting to tariffs.
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It's funny. That's a funny story. I'm sitting my wife's adorable.
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She is again, she's a little bit more on the
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superstitious side, she is.
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And we're sitting at the dinner table, sitting at the
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dinner table, and she asked the question about my daughter.
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My daughter is a junior in college right now, and
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she's a college athlete. And my wife didn't really understand
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the whole red shirt thing. How you get an extra year.
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And she thought that, you know, they automatically and get
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an extra year if they're going to grad school. And
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I said, no, no, no, no no. I said, yeah,
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Ausposias played your first three years, is going to play
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your senior year unless she gets hurt.
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And then my said, what do you say that.
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Don't put that out there like she thinks that I
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can like conjure bad things by saying them, like I'm
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some sort of warlock or something like that.
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But you know, I thought about that later on.
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I got a giggles because the things that I call
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here on the program that I warned people about them
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coming through again and again and again, and we told you,
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we told you a little over a year ago what
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exactly was going to take place when it came to terrace.
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We told you that they were illegal. They were illegal,
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and unless they were completely revoked, unless the President walked
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it back, the courts would eventually deal with it in
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the same way that we told you that Biden and
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him saying I do declare and do decree that.
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You know, student loans, you don't have to pay back anymore.
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That that was unconstitutional, and the courts would deal with it,
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which we want to have.
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We want to have those checks and balances.
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But I don't know if you remember we reported on
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this here on the program, and I'm here to say
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this is just disgusting in my opinion, Okay, And if
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you don't think it's disgusting, you want to challenge me
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on this, go ahead.
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I would love to hear what your argument is.
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We told you Howard Lutnik happens to be the Commerce
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Secretary of the United States.
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Howard Lutnik was the one that put together the Liberation
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Day tariffs.
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Howard Lutnik was the one the remember that math formula
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that they put out and how they were calculating tariffs
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and how people actually you just took a look at it,
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You're like, this doesn't make any sense, and it didn't.
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Howard Lutnick's kids kids have taken over his Wall Street firm.
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Canter Fitzgerald, Canter Fitzgerald. Canter Fitzgerald was selling tariff insurance,
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if you will, you want to call it that a
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refund claim purchasing strategy. So if you have a company
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out there that's in dire straits for money, they import
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a lot of items, whatever it may be, and all
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of a sudden, all of a sudden, they get smacked
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upside the head with a million dollar tariff bill and
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they are close they may go bankrupt because they can't
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afford it. They just got smacked up side the head.
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It's out of nowhere. They can't locally source the stuff.
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So what Canter Fitzgerald did is they said, hey, hey,
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I'll tell you what. We'll give you two hundred and
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fifty thousand dollars.
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Two hundred and fifty thousand dollars. We'll just give you
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the cash. As long as we can.
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Get these tariffs get refunded, we get all of the
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money back.
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Jackpot, jackpot.
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Canter Fitzgerald was doing that to companies that were desperate
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and now they have just made three times their money
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because tariffs are being refunded.
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Again.
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Remember remember all the you know, we were told that,
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you know, trillions of dollars are coming in in tariff.
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Eight hundred nine hundred billion dollars are coming in, one
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hundred and sixty six billion, one hundred and sixty six billion. People, Well,
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that's not a lot of money. Well yeah, if you're Nike,
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if you're you're a big company that you know can
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handle things like that. But you know how many small
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businesses out there again work with very different margins.
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Than a Nike. They got hit.
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So now these tariffs, just like we told you, have
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to be refunded, have to be refunded. It's happening right now.
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Again we told you this was going to happen. I
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do have to give a shout out, though, I do,
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before we go to break here, I got to give
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a shout out to ups UPS because in essence, who
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really paid the tariffs?
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You and I did? You and I did?
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They just passed the costs on down to us. I've
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explained this here on the program. Okay, the tariff is
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a corporate tax. Okay, Democrats love talking about corporate taxes.
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Right, Oh, I got tax test. Look, and they're not
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paying a fair corporate tax.
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And I try to explain, well, you know what, corporations
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don't pay taxes.
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The consumer pays the corporate tax. Same thing like tariffs.
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They'll charge Ye, they'll charge the company, but the company
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has to pass that pass that cost.
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It's a cost of doing business. Pass it on down
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the consumer.
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Well I gotta hand it to ups because, uh, they
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just told everybody, because they told everybody the tariff surcharge
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that they put on when they delivered packages. Well they're
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requesting their tariff refunds and they are going to actually
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refund their customers. Very very impressed by that. I have
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to take a break. Watchdog on Wall Street dot com.
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Watchdog on Wall street dot com is.
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Our site again.
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Become a part of our family at Markowski Investments. Take
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advantage of all the great stuff we have Watchdog on
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wallstreet dot com.
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We'll be back.
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You taking Wall Streets, crooks and cheets out behind the woodshed.
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You're listening to the Watchdog on Wall Street.
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Oh yeah, this is this brings back great memories. This
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is high school head party to back in the day.
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Anyway, welcome back is the watchdog on Wall Street Show,
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big news out of Apple shake up. At the top
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of Apple, Tim Cook going to be stepping down in September.
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John John Turnus, who.
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Is in charge of its hardware division, is going to
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be taking over as chief executive.
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My thoughts on this and I'm gonna give you my
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biases as well as a long.
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Time shareholder of Apple self clients thanks him. I mean
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seriously kill it, absolutely killed it over the course of
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his tenure in more ways than one, and more ways
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than one. Tim Cook definitely a big difference from Steve
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Jobs and we'll get into that as well. But what
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Tim Cook was able to do and his genius and
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handling supply chain, supply chain issues, all of these things,
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not to mention the fact of getting people and essence
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sucked into the company.
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I mean to ask question, how many people.
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Do you know that are in, you know, pad Apple
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for a period of time. How many people of them leave?
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You know that have ever said, hey, you know what,
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no more Mac, no more iPhone, you know, no more
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Apple Music, and they just go elsewhere. Not many, few
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and far between. And that's the genius of what Tim
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Cook was able to do. He turned the company into
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a bloody cash machine. I told the story when I,
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you know, eventually switched over from PC.
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To Mac and I did it.
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It was it was a more difficult thing to do
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because most of the uh the banking software and the
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things that we used didn't run didn't run on Apple.
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I would actually have a special software program on my
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Apple to handle all that that software that that ran
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on uh, you know, Windows type stuff. But you know,
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I look at I look at the stuff that I buy.
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I said, I'm looking at my my laptop that's sitting
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here over in the corner. What is that eight years old?
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Eight years old?
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It works fine, works fine, and they put out high
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quality products. And what they've also been able to do,
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and it's a genius in their company is they get
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you sucked in. It's once you're in, it's like a
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Gordian knot for crying out loud. You can't untie yourself
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from all the things that they're involved with. With that
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being said, With that being said, do I think that
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it's high time for a change? Absolutely? One hundred and
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ten percent. And I know Tim Cook is going to
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stay on. I think he's going to be an executive
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chairman something like that.
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I miss Steve Dobbs, I do.
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I missed those product launches that they would do, or
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he would do a bunch of things and then at
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the end he would go.
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And one more thing, and everybody would be because they knew
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it was coming. What what's a new thing? What's the
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new product? Whatever it may be.
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I'm being honest here, Okay, Apple shareholder, Apple customer, But.
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What exactly have you guys come up with? Well, maybe
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we're gonna get a foldable phone.
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I know you've got great products smart business move.
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Got like a five hundred dollars laptop. Now, love the
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air pods. Those are great. We had a lot of
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product flops.
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That whole oculus thing around the eyes, that's you know
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that that didn't fly over. But almost every year it's like,
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oh geez, we've got an even better camera.
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Now.
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Oh come on man, Okay, that's great. Oh you can
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personalize emojis, uh whatever.
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Not excited by any of that stuff.
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This is why I'm kind of thrilled that they're gonna
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like go back to basics here.
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I always crack jokes.
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I'm like, you know, what are you guys doing out
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there in that big building in Cooper Tino count money
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because you really haven't been doing much when it comes
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to innovation. For crying out loud, that's for sure. Again,
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hey listen, shareholder printing money. But you know, I think
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it's it's high time we came out with some some
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new products. And I'm not the only one, so I
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honestly I think it's time. I think it was a
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very good move.
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Anyway.
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Anyway, we got to get it to a topic that
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I I cover maybe on the podcast.
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00:19:11.480 --> 00:19:13.440
It's actually a good time. We've got to hit the
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00:19:13.480 --> 00:19:16.400
podcast as well. Listen proty so much.
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00:19:16.400 --> 00:19:19.720
I can cover here over three hours a week here
317
00:19:19.799 --> 00:19:24.200
on the weekend radio show. We do daily pocket Monday
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00:19:24.200 --> 00:19:28.000
through Friday. I do several different topics every single day.
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00:19:28.400 --> 00:19:33.160
It's on every platform out there. Encourage you to get
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00:19:33.160 --> 00:19:36.079
to our website at Watchdog on Wallstreet dot com. You
321
00:19:36.119 --> 00:19:39.400
can sign up for it there, Spotify, you can go
322
00:19:39.440 --> 00:19:42.880
to Apple. You can do me a salad subscribe that
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00:19:43.039 --> 00:19:45.599
helps helps me to get the word out write or
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of you whatever it may be.
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But I can't even cover I can't even cover.
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The you know us Irene conflict on a daily basis,
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00:19:56.920 --> 00:20:00.920
because how do I put it, it's like leaving a
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glass of milk outside in August in the Florida sun.
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It's spoiled in no time. You know that.
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Whatever I may report on uh up, you know, give
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me an hour.
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Or two and it's spoiled.
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For crying out loud, well, you know we're gonna try
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to get into some of the latest news and my
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thoughts on this. Gotta take a break. Watch Dog on
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Wall Street dot com. Watchdog on wallstreet dot com Again,
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00:20:27.279 --> 00:20:30.480
take advantage of everything we have at our website, Watchdog
338
00:20:30.480 --> 00:20:33.920
on wallstreet dot com, personal CFO program, podcast, newsletter, you
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00:20:34.039 --> 00:20:34.359
name it.
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00:20:34.599 --> 00:20:35.119
We'll be back.
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You're listening to the Watchdog on Wall Street. This is
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00:20:59.759 --> 00:21:01.720
the Watchdog on Wall Streets.
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Welcome back, welcome back. And many of the people.
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I mean, I think everybody's kind of dug into their
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positions when it comes to this conflict. I really do.
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Uh you know, I've heard arguments on both sides. You know,
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I've I've waited in on the podcast. I've waited in here.
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I yeah, I don't. I don't agree with the risk
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made my points there. You can disagree with me, that's fine,
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that's fine. The issue we have right now. The issue
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we have right now is that I look at the
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they talk about nukes, right, nukes, We were the only
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country that's that's ever used nukes on an enemy, and
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kind of think about it, right, Russia's got a ton
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of them, correct, They have been at war with Ukraine
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for for how long now?
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They haven't used him. It isn't maybe the reasons you
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know that there's.
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A lot of valuable uh, valuable land and things that
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they want and you know, various different things plus more
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than that. Once you use that, it's you know, it's
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a different situation. Okay, nukes are kind of to be
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had now and never to be used, God willing, God willing,
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never to be used again. The Iranians, in essence, found
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a different type of I want to call it a nuke,
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a different type of weapon, if you will.
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And that's the straight, that's the straight. And it was funny.
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One of my favorite cartoonist back when I was younger
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was Gary Larson from the Far Side, and I had
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this sent over to me. It was a Gary Larson
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It's like nineteen eighty seven cartoon and showing the love
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boat making the mistake of going into the Strait of
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Ormuz again.
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Gary Larson, nineteen eighty seven, eighty eight.
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00:23:23.599 --> 00:23:30.559
But anyway, neither here nor there, they figured out.
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What they can do by shutting this down.
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By shutting this down, and it's starting to hit. We
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00:23:42.079 --> 00:23:45.400
just had just had United Airlines prices are going to
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be going up twenty percent this summer, factories around the globe.
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00:23:52.400 --> 00:23:55.599
There was a very very lengthy article in the New
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York Times which basically echoed everything that I said on
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00:24:00.640 --> 00:24:05.359
this program a week ago a week ago talking about
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the rippercussions in Asia and many countries around the globe
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and how they are going to be hurting based upon this,
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what this means to farmers not getting fertilizer. The Iran
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Republican Guard there, they have now warned they're now warned
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that they might cut the seven Internet cables that passed
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through the Gulf, the Strait of Horn Moves, which would
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trigger what we call a digital catastrophe for the Gulf States.
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Ninety percent of their Internet is supplied through those cables,
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Internet banking, cloud services. Iram's gonna ge hit two forty
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percent of their Internet comes from that.
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But they've already shut.
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Their internet down for the entire country outside the government. This,
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This is the type of strangle hold that they have
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00:25:04.240 --> 00:25:10.480
right now. You can't just again, you shut down, you bomb,
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we bomb these various different oil facilities.
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00:25:17.119 --> 00:25:18.359
People don't understand.
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00:25:18.640 --> 00:25:21.559
What's going to happen is they could get flooded with
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00:25:21.759 --> 00:25:25.359
water and you could be looking at a situation where
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00:25:25.359 --> 00:25:29.240
they would go completely offline, never to be used again.
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00:25:30.160 --> 00:25:33.519
We are looking right now. Okay, this is just facts, people,
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00:25:34.759 --> 00:25:37.920
It's just facts. We're looking at the biggest.
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00:25:37.839 --> 00:25:41.720
Energy crisis since the nineteen seventies.
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00:25:43.519 --> 00:25:48.119
You cannot just take that amount of oil off the
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00:25:48.160 --> 00:25:55.519
market and replace it quickly. This is the predicament that
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00:25:55.599 --> 00:25:57.799
we're in. This is what we talk about when we
408
00:25:57.839 --> 00:26:00.759
talk about a symmetric warfare.
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00:26:02.039 --> 00:26:07.160
We can We have won overwhelmingly. We're not wrong. Victory
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00:26:07.240 --> 00:26:08.799
with air and naval power.
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00:26:09.680 --> 00:26:11.359
We didn't have to put any boots on the ground
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outside of using them to get the down pilots, and
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00:26:16.640 --> 00:26:20.920
we've destroyed some of Iran's missile and drone launching capabilities.
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00:26:23.240 --> 00:26:27.200
But I'm sorry right now, no, we know this, Okay,
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00:26:27.319 --> 00:26:31.720
the administration knows this, knows what could happen.
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Not to mention the fact not that offline. How are
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00:26:35.359 --> 00:26:40.680
you going to replace that. Darzuela. No, that's not the case.
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00:26:41.160 --> 00:26:45.000
Nobody's made any new investments in Venezuela. Chevron is still there.
419
00:26:45.079 --> 00:26:48.519
Nobody's done it, nobody trusts what's gonna happen in Venezuela.
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00:26:48.559 --> 00:26:50.119
Okay, it's not enough anyway.
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00:26:50.319 --> 00:26:54.359
And then they started hitting all of the infrastructure in
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the Gulf States.
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00:26:55.759 --> 00:26:56.160
Then what.
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00:26:58.480 --> 00:27:07.039
People, you're talking global depression, you are talking starvation. That
425
00:27:07.319 --> 00:27:10.759
is the reality of what we're dealing with right now.
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00:27:13.079 --> 00:27:16.680
So what I do, there's not nothing, but nothing I
427
00:27:16.680 --> 00:27:19.359
can do outside of prey and you can do outside
428
00:27:19.359 --> 00:27:19.839
of pray.
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00:27:19.920 --> 00:27:21.160
Hope, hope.
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00:27:22.400 --> 00:27:28.680
That this ends. Hope that people can walk away from
431
00:27:28.680 --> 00:27:32.400
the because I don't want to see that happen. You
432
00:27:32.440 --> 00:27:35.400
want to talk about an ultimate weapon, that straight to
433
00:27:35.440 --> 00:27:40.160
the open limint weapon right now, that is the ultimate weapon.
434
00:27:41.319 --> 00:27:46.480
That is that is something that is truly frightening. If
435
00:27:46.480 --> 00:27:51.039
you actually take a look at this media, it doesn't go.
436
00:27:51.319 --> 00:27:52.119
They don't like doing it.
437
00:27:52.119 --> 00:27:57.200
They want to spook everybody. Okay, that's what we're dealing
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00:27:57.240 --> 00:28:01.319
with right now. Have to take a break. Watchdog on
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00:28:01.400 --> 00:28:05.559
Wall Street dot Com again our site Watchdog on Wallstreet
440
00:28:05.640 --> 00:28:10.880
dot Com take advantage personal CFO program, podcast, newsletter, you
441
00:28:11.319 --> 00:28:13.599
name it. Watchdog on Wallstreet dot com or give us
442
00:28:13.640 --> 00:28:17.000
a call eight four seven eight.
443
00:28:30.440 --> 00:28:36.920
Horizon Bringing America Financial Freedom, one listener at a time.
444
00:28:37.440 --> 00:28:41.039
You're listening to The Watchdog on Wall Street with Chris Markowski.
445
00:28:43.480 --> 00:28:48.599
I was gonna, you know, start singing this song after
446
00:28:48.640 --> 00:28:50.559
coming in for the break, but I just had to
447
00:28:50.559 --> 00:28:53.000
remind myself, you know, I I have to lip sync
448
00:28:53.039 --> 00:28:55.319
a lot in church, you know, for fear of breaking
449
00:28:55.400 --> 00:29:00.480
some of the stained glass windows with my lovely voice.
450
00:29:01.200 --> 00:29:08.440
Bad Moon Arizon, Yeah, Yeah, Virginia and the bad Moon
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00:29:08.559 --> 00:29:17.680
rising for Republicans. Virginia voters prove this measure to boost
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00:29:18.039 --> 00:29:26.960
Democrats in the mid terms. Another jerry mandering fiasco, not fiasco, disaster.
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00:29:27.079 --> 00:29:30.680
Another thing that just it makes me sad, sad for
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00:29:30.720 --> 00:29:31.279
this country.
455
00:29:32.319 --> 00:29:34.200
It really really does.
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00:29:34.960 --> 00:29:37.480
I know, we've got a judge out there that has
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00:29:37.519 --> 00:29:40.759
blocked it for the time being. I don't know what's
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00:29:40.839 --> 00:29:45.079
going to happen, but you take a look at the
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00:29:45.119 --> 00:29:48.440
state of Virginia. State of Virginia most certainly did not
460
00:29:48.799 --> 00:29:54.160
need to jerrymanned or anything because the makeup of their
461
00:29:54.319 --> 00:29:58.200
you know, representation in Congress is pretty much based upon
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00:29:58.319 --> 00:30:00.880
the electorate and what happens in their votes. A purple state,
463
00:30:01.599 --> 00:30:07.279
they have forced a purple state into a blue blue state.
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00:30:08.559 --> 00:30:13.000
This is what happens. I'm sorry, I'm gonna call it
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00:30:13.039 --> 00:30:18.920
like I see it. Washington d C is it's I'm sorry,
466
00:30:18.920 --> 00:30:21.279
it's like pancreatic cancer. It's the worst kind.
467
00:30:22.759 --> 00:30:27.400
It really is. Washington d C is a cancer on
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00:30:28.359 --> 00:30:29.000
our country.
469
00:30:29.680 --> 00:30:31.839
You know, Trump wants to build his arch you want,
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00:30:32.039 --> 00:30:39.519
I'm like, uh huh, No, DC is gross. It's gross.
471
00:30:40.680 --> 00:30:43.680
It's as far left wing as far left wing can be.
472
00:30:43.960 --> 00:30:47.319
And it's growing. Like like I said, it's it's spreading.
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00:30:47.960 --> 00:30:52.799
It's spread throughout northern Virginia. Now it's spread throughout Maryland.
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00:30:52.799 --> 00:30:56.599
Now it's not just Washington d C, but Washington d C.
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00:30:57.400 --> 00:30:59.400
And again, you got guys like James carb. The first
476
00:30:59.440 --> 00:31:01.559
thing I'm gonna do, I we're gonna get back in power.
477
00:31:01.599 --> 00:31:04.279
We're gonna we're gonna make uh Puerto Rico state and
478
00:31:04.319 --> 00:31:06.279
big Washington d C estate And give me up two
479
00:31:06.279 --> 00:31:07.519
senators here and two senates there.
480
00:31:07.599 --> 00:31:14.319
What are you talking about? Washington d C essentially has taken.
481
00:31:14.079 --> 00:31:18.680
Over the state of Virginia.
482
00:31:18.960 --> 00:31:19.640
Don't believe me.
483
00:31:20.359 --> 00:31:22.680
Just take a look at this, Take a look at
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00:31:22.680 --> 00:31:25.599
the voting. Take a look how they just jerrymandered that state.
485
00:31:26.279 --> 00:31:30.960
It's gross anyway, bad moonize it for Republicans and we'll
486
00:31:31.000 --> 00:31:32.880
talk more about that when we get back. Watchdog in
487
00:31:32.920 --> 00:31:35.359
Wallstreet dot com, Watchdog in Wall Street dot com.
488
00:31:35.400 --> 00:31:36.400
We shall return.
489
00:31:38.480 --> 00:31:51.720
Thisri Markowski. You is the watchdog of Wall Street. M
490
00:31:59.759 --> 00:32:03.839
TE king Wall Streets, liars, crooks and sheets out behind
491
00:32:03.880 --> 00:32:11.720
the woodshed. You're listening to the watchdog on Wall Street.
492
00:32:12.519 --> 00:32:15.839
Never ever ever got to see let Zepp what never
493
00:32:16.039 --> 00:32:19.119
my fav but I did get to see Bowie. Anyway,
494
00:32:19.119 --> 00:32:22.720
welcome back. It is the watchdog on Wall Street. I
495
00:32:22.720 --> 00:32:27.440
want to talk a little bit more about this. I
496
00:32:27.599 --> 00:32:34.559
chose on this one when Republicans decided to mess around
497
00:32:34.799 --> 00:32:38.920
with the map in Texas, I warned everybody here on
498
00:32:38.960 --> 00:32:41.000
the program, and you should have seen the messages I
499
00:32:41.039 --> 00:32:41.440
was getting.
500
00:32:43.200 --> 00:32:44.960
Don't let's do it. You know we got Paul were
501
00:32:45.000 --> 00:32:45.799
gonna take advantage.
502
00:32:45.839 --> 00:32:48.880
I'm like, come on, take a good hard look in
503
00:32:48.880 --> 00:32:53.400
the mirror. All of it's wrong, and it's not it's
504
00:32:53.440 --> 00:32:56.240
not about party. It's about what's right for the country.
505
00:32:57.279 --> 00:32:58.480
And I'm a.
506
00:32:58.440 --> 00:33:02.880
Big believer if somebody else is cheating. Doesn't mean I
507
00:33:02.920 --> 00:33:07.960
have to cheat. You have to understand your opponent. Hey,
508
00:33:08.039 --> 00:33:11.839
you give me a great example of this. When I
509
00:33:11.880 --> 00:33:16.599
was coaching coach lacrosse on Long Island and we would
510
00:33:16.640 --> 00:33:18.720
go down to tournaments down to the state of Maryland.
511
00:33:19.799 --> 00:33:23.440
Let's just say, no love loss between Long Island lacrosse
512
00:33:23.559 --> 00:33:27.079
and Maryland lacrosse. Right, you know wh's better in the country.
513
00:33:27.839 --> 00:33:30.160
And I told the kids, I said, we're gonna go
514
00:33:30.200 --> 00:33:32.039
down there and play in the tournament. We are not
515
00:33:32.200 --> 00:33:35.880
going to get any calls. Now, We're not gonna get
516
00:33:35.880 --> 00:33:39.319
any calls. We are going to get horrible calls throughout
517
00:33:39.359 --> 00:33:42.680
the course of the game. So either you deal with it,
518
00:33:43.839 --> 00:33:46.200
understand that that's what the terrain is.
519
00:33:46.599 --> 00:33:49.079
Or you're gonna get angry. You're gonna get upset with
520
00:33:49.119 --> 00:33:49.599
the refs.
521
00:33:49.759 --> 00:33:52.559
You're gonna get all bent out of shape, okay, and
522
00:33:52.599 --> 00:33:54.359
it's going to affect your play.
523
00:33:54.799 --> 00:33:55.319
And I tell the.
524
00:33:55.319 --> 00:33:59.359
Kids, let me deal with the refs, and I just
525
00:33:59.440 --> 00:34:00.720
laugh at them.
526
00:34:01.000 --> 00:34:02.759
Just let's just laugh at that. What are you gonna do.
527
00:34:02.839 --> 00:34:07.599
They're gonna cheat, They're gonna cheat. Look at what jerry
528
00:34:07.640 --> 00:34:10.400
mandering did to the state of California.
529
00:34:12.440 --> 00:34:15.159
Is that a win for the state of California.
530
00:34:16.119 --> 00:34:20.159
We got more and more companies, leaving more and more businesses,
531
00:34:20.559 --> 00:34:25.199
leaving more and more people, leaving your tax base decimated.
532
00:34:25.840 --> 00:34:30.840
But at the state of Massachusetts trying to raise taxes here, there,
533
00:34:30.880 --> 00:34:32.519
and everywhere, are you kidding me?
534
00:34:35.000 --> 00:34:36.719
You you want to you want to become like that.
535
00:34:37.800 --> 00:34:41.199
I don't want a Jerry mander A state. And I'm
536
00:34:41.239 --> 00:34:44.360
a conservative guy. I'm not a Republican. Left the Republican
537
00:34:44.400 --> 00:34:46.079
Party a long time ago. I don't I don't like
538
00:34:46.119 --> 00:34:49.320
dealing with liars. Okay, I don't like dealing with liars.
539
00:34:49.360 --> 00:34:51.280
I don't like dealing with communists. So again, there's no
540
00:34:51.320 --> 00:34:53.599
party for me at this point in time. I'm a
541
00:34:53.679 --> 00:34:57.000
libertarian guy. Liver in the Constitution. When you put a
542
00:34:57.000 --> 00:34:58.920
party together that that can that can do those two things,
543
00:34:59.000 --> 00:35:01.360
let me know. At that point in time, I vote
544
00:35:01.400 --> 00:35:07.159
for the candidate, just that simple. But it's not good people.
545
00:35:07.159 --> 00:35:08.039
You look at their history.
546
00:35:08.039 --> 00:35:13.679
This is how civil wars start. People. I feel horrible.
547
00:35:15.079 --> 00:35:18.360
I can't tell you.
548
00:35:17.239 --> 00:35:22.400
How many clients, friends, listeners I have in the state
549
00:35:22.559 --> 00:35:28.480
of Virginia at this point in time, and they again,
550
00:35:29.199 --> 00:35:37.039
Californication baby just happened to the state of Virginia. Offer
551
00:35:37.159 --> 00:35:41.159
these political operator in they're high fiving each other.
552
00:35:43.039 --> 00:35:45.920
Yeah, we're running the country like the Game of Thrones.
553
00:35:46.440 --> 00:35:51.320
For crying out loud, it's not supposed to be this way.
554
00:35:52.559 --> 00:35:55.599
And let me tell you something, people, you better change fast.
555
00:35:56.239 --> 00:35:59.679
Republicans don't have a clue the VEC rama's mommy's doing
556
00:35:59.719 --> 00:36:01.920
a in Ohio. He's running for a governor there right
557
00:36:02.559 --> 00:36:03.880
and Turning Point USA.
558
00:36:04.760 --> 00:36:07.599
Huh yeah, you know again. Yeah, was run well under
559
00:36:07.679 --> 00:36:09.199
Charlie Kirk. It's a disaster. Now.
560
00:36:09.960 --> 00:36:17.280
They hired Savannah Krisly from that that reality TV show
561
00:36:17.440 --> 00:36:20.639
Crizly knows best, you know, like her family went to jail.
562
00:36:20.960 --> 00:36:24.800
Her parents went to jail for bank fraud, love a
563
00:36:24.920 --> 00:36:25.960
myriad of different things.
564
00:36:26.000 --> 00:36:29.840
They got pardoned by Trump. And she's there. She's from Georgia.
565
00:36:30.440 --> 00:36:33.920
She's there at Turning Point, USA, singing the praises of
566
00:36:34.039 --> 00:36:35.039
the VEC and.
567
00:36:35.079 --> 00:36:37.119
Data centers in the state of Ohio.
568
00:36:38.039 --> 00:36:44.920
Oh, I'm sorry, folks, Okay, it's gonna letst they change things.
569
00:36:45.119 --> 00:36:49.039
It's gonna be really ugly for Republicans this fall as
570
00:36:49.039 --> 00:36:51.639
it stands right now, it is what it is.
571
00:36:53.079 --> 00:36:58.920
Anyway, quickly on this story as well last weekend. Oh yeah,
572
00:36:59.159 --> 00:37:00.519
Zoran dummy.
573
00:37:00.559 --> 00:37:03.760
He's being interviewed and he's talking about his free child
574
00:37:03.920 --> 00:37:08.400
care plan for New York free childcare six eight billion
575
00:37:08.440 --> 00:37:12.079
dollars he wants to spend to provide free childcare. Doesn't
576
00:37:12.079 --> 00:37:14.800
matter how much money you make for all New Yorkers,
577
00:37:15.079 --> 00:37:16.119
drop off your newborn.
578
00:37:18.320 --> 00:37:20.960
I can't you know that newborns.
579
00:37:22.760 --> 00:37:27.039
Newborns six weeks old, starts at six weeks old.
580
00:37:28.880 --> 00:37:33.719
I saw that, and I said to myself, I said, who, who?
581
00:37:34.119 --> 00:37:37.639
Who has a kid? Who decides, you know what, I
582
00:37:37.679 --> 00:37:39.599
want to have a family. I'm gonna have a kid,
583
00:37:40.800 --> 00:37:42.679
and I'm gonna have a kid. I'm gonna drop that
584
00:37:42.800 --> 00:37:50.159
kid off at government healthcare, government daycare at six weeks Again.
585
00:37:52.400 --> 00:37:55.639
I'm sorry, Okay, the truth hurts. Okay, the truth is
586
00:37:55.679 --> 00:37:58.880
oftentimes rough, it's uncomfortable.
587
00:37:58.360 --> 00:38:00.280
And it cuts.
588
00:38:01.880 --> 00:38:03.840
If you're planning on going back to work after six
589
00:38:03.880 --> 00:38:05.840
weeks after having a child, don't have a child.
590
00:38:07.639 --> 00:38:11.159
I said it. I said, I'm sorry.
591
00:38:11.159 --> 00:38:13.760
I know we've got a demographic issue here in the
592
00:38:13.840 --> 00:38:14.440
United States.
593
00:38:14.559 --> 00:38:19.360
I get that. Let me think about this for a second.
594
00:38:19.800 --> 00:38:22.119
I met Neil Boortz made this argument one time ago.
595
00:38:22.199 --> 00:38:22.639
He talked to him.
596
00:38:22.639 --> 00:38:25.039
It was actually making it about you know, education here
597
00:38:25.039 --> 00:38:27.880
in the country. Imagine of the country demanded that you
598
00:38:28.000 --> 00:38:31.760
drop off your firearms at the government every single day
599
00:38:31.800 --> 00:38:34.480
before you went to work. You're gonna drop your child
600
00:38:35.719 --> 00:38:37.079
at six weeks off?
601
00:38:38.440 --> 00:38:39.800
Yeah, I know, but it's expansive.
602
00:38:39.960 --> 00:38:42.719
Well, then guess what if you can't afford to have
603
00:38:42.880 --> 00:38:45.880
a kid, if you can't afford to take care of
604
00:38:45.920 --> 00:38:53.480
that baby, don't have the baby. Really not a difficult equation, people,
605
00:38:53.719 --> 00:38:56.320
It just really isn't. And I'm sorry if I offended
606
00:38:56.400 --> 00:39:01.800
anybody out there, but prove me wrong, move me wrong.
607
00:39:03.559 --> 00:39:08.599
Watchdog on Wallstreet dot com. Watch Dog on Wallstreet dot com.
608
00:39:08.639 --> 00:39:10.320
God bless everyone. We'll see you next week.
609
00:39:15.199 --> 00:39:18.400
You're listening to the watch Dog on Wall Street.
1
00:00:06.919 --> 00:00:12.480
Well, no one author, investment banker, consumer advocate, analyst, trader
2
00:00:12.720 --> 00:00:16.519
Chris Markowski is the watchdog Wall Street. Do you want
3
00:00:16.519 --> 00:00:20.519
to answer exposing the lines and myths that the big
4
00:00:20.559 --> 00:00:24.359
brokerage firms, the mainstream press, and the government are pushing
5
00:00:24.440 --> 00:00:27.359
to keep Americans away from financial freedom.
6
00:00:27.640 --> 00:00:29.679
You can't handle the true proof.
7
00:00:30.079 --> 00:00:33.399
Bringing America the truth about what really happens in the
8
00:00:33.399 --> 00:00:36.119
financial world. Ladies and gentlemen. We're not here to indulge
9
00:00:36.119 --> 00:00:40.079
in fantasy, but in political and economic reality. This is
10
00:00:40.119 --> 00:00:41.920
the Watchdog Wall Streets.
11
00:00:45.079 --> 00:00:48.759
All right, Welcome back, everybody, Welcome back to the Watchdog
12
00:00:48.759 --> 00:00:50.640
on Wall Street. Are always honored to have you tuned
13
00:00:50.759 --> 00:00:54.600
into the program. Here I am talk a little bit more.
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00:00:54.600 --> 00:00:59.079
We started off the program talking about the FED, and
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I really do get into some of the legal drama
16
00:01:04.000 --> 00:01:05.120
that's taking place.
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You have Senator Tom Tillis.
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He's put his foot down so far and said he
19
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is not allowing for anybody to go through as the
20
00:01:13.840 --> 00:01:18.000
next head of the FED until the prosecution of j.
21
00:01:18.280 --> 00:01:22.079
Powell ends. And he's sticking with that. And what has
22
00:01:22.120 --> 00:01:25.200
he got two hundred and something days until he's done
23
00:01:25.239 --> 00:01:29.760
because he's retiring. What does that mean what's the president
24
00:01:30.359 --> 00:01:33.359
going to do. It's a legal question whether or not
25
00:01:33.439 --> 00:01:35.799
the President's going to come out and just go ahead
26
00:01:35.799 --> 00:01:40.359
and try to fire Jay Powell replaced JAP. I guys,
27
00:01:40.640 --> 00:01:44.840
at this point in time, it's all legal gray areas,
28
00:01:45.239 --> 00:01:50.000
and again it's going to turn into one big legal mess.
29
00:01:50.840 --> 00:01:55.040
They keep talking about, you know, the billions billions in
30
00:01:55.319 --> 00:01:59.640
UH expenditures. When it comes to the FED building and
31
00:01:59.680 --> 00:02:01.120
again I'm disgusted by it too.
32
00:02:02.239 --> 00:02:03.319
I'm disgusted by it too.
33
00:02:03.359 --> 00:02:05.480
But again, when way go you know where they have
34
00:02:05.519 --> 00:02:08.319
the Federal Reserve banks, the headquarters, whether it's in New York,
35
00:02:08.360 --> 00:02:10.800
wherever you may go, you see these big buildings and.
36
00:02:11.000 --> 00:02:13.000
You look at them and you're like, what exactly do
37
00:02:13.159 --> 00:02:13.840
people do here?
38
00:02:14.520 --> 00:02:16.840
What? I got four or five hundred economists working in
39
00:02:16.919 --> 00:02:17.680
these buildings.
40
00:02:18.039 --> 00:02:22.879
And let's just be honest, Okay, has the FED.
41
00:02:23.000 --> 00:02:27.280
Done their job? You get you're like, what's their job? Well,
42
00:02:27.280 --> 00:02:30.599
think about it. What is the job of the Federal Reserve.
43
00:02:32.560 --> 00:02:35.240
We talked about this earlier with Judy Shelton. In the
44
00:02:35.360 --> 00:02:40.039
job of the FED to protect protect the value of
45
00:02:40.039 --> 00:02:44.879
our hard earned dollar. That's the job, right. You know,
46
00:02:44.879 --> 00:02:48.599
they talk about a two percent inflation target. My inflation
47
00:02:48.719 --> 00:02:55.919
target is zero. I want zero inflation. Have they done that?
48
00:02:57.639 --> 00:02:58.159
Have they done that?
49
00:02:58.280 --> 00:03:00.479
I got I can cite the movie office space with
50
00:03:00.560 --> 00:03:03.080
the bobs, you know, the Bob's coming in the little
51
00:03:03.360 --> 00:03:07.439
corporate consultants doing the interviews with the employees. What exactly
52
00:03:07.800 --> 00:03:11.000
do you say you do here? What exactly do you
53
00:03:11.120 --> 00:03:15.560
people do with the Federal Reserve? What purpose do you
54
00:03:15.759 --> 00:03:21.560
really serve? Exit basically serve at the bequest of Congress
55
00:03:21.599 --> 00:03:27.400
and the President, continue to print money and degrade the currency.
56
00:03:29.639 --> 00:03:30.719
Well, we take a look at that.
57
00:03:30.759 --> 00:03:34.400
Massive loss that the FED has in regards to its
58
00:03:35.120 --> 00:03:39.680
construction deal there the new FED building. Fogg your bottom anyway,
59
00:03:40.159 --> 00:03:42.639
why don't you take a look at the fact that
60
00:03:44.000 --> 00:03:44.919
three year losses.
61
00:03:45.879 --> 00:03:49.520
This is no joke, Okay, the Federal Reserve has.
62
00:03:49.439 --> 00:03:58.759
Lost two and ten billion dollars over the past three years,
63
00:04:00.280 --> 00:04:04.960
two hundred and ten billion dollars. Up until three years ago,
64
00:04:06.960 --> 00:04:10.759
the FED would run a profit. They would run a profit,
65
00:04:10.879 --> 00:04:14.479
and they would remit that profit to the US Treasury.
66
00:04:15.439 --> 00:04:19.480
Twenty fifteen, the FED profit was almost one hundred and
67
00:04:19.560 --> 00:04:27.040
twenty billion dollars. And now every Monday they lose every
68
00:04:27.079 --> 00:04:29.439
every every year, they lose, not to mention you take
69
00:04:29.439 --> 00:04:33.360
a look at the garbage on their balance sheet right now,
70
00:04:35.079 --> 00:04:38.120
all of these mortgage backed securities and treasuries that they
71
00:04:38.120 --> 00:04:39.120
can't even sell.
72
00:04:39.399 --> 00:04:40.199
Its garbage.
73
00:04:40.240 --> 00:04:42.800
And you know the funny thing is is you've got
74
00:04:43.120 --> 00:04:46.839
you got all these financial engineers out there trying to
75
00:04:46.839 --> 00:04:49.240
figure out ways of dealing with the problem.
76
00:04:49.600 --> 00:04:51.680
How are we gonna deal with the Fed's balance sheet?
77
00:04:51.720 --> 00:04:53.560
How are we going to handle the Fed's balance sheet?
78
00:04:53.639 --> 00:04:57.480
I got this idea. I got that idea again. You
79
00:04:57.519 --> 00:05:02.480
know what financial engineers do. They just hide risk, that's all.
80
00:05:03.600 --> 00:05:04.480
They just hide risk.
81
00:05:05.000 --> 00:05:09.600
Somebody's got to pay. Somebody's got to pay for those losses.
82
00:05:09.680 --> 00:05:14.040
And that is going to be us, the taxpayer. It
83
00:05:14.199 --> 00:05:22.000
always is. Anyway, this number makes me, uh gives me pause.
84
00:05:22.480 --> 00:05:25.519
And I know it's anecdotal. I'm gonna give you my
85
00:05:25.519 --> 00:05:28.759
my anecdotal thing. First, I have small business clients all
86
00:05:28.800 --> 00:05:33.399
over the country make up by far the overwhelming majority
87
00:05:33.480 --> 00:05:37.160
of our clients all over the country are small business owners,
88
00:05:37.759 --> 00:05:40.240
not corporate CEOs and.
89
00:05:40.399 --> 00:05:41.720
Those those two.
90
00:05:41.720 --> 00:05:45.439
But the overwhelming majority of our clients are small business
91
00:05:45.439 --> 00:05:49.639
owners from North Pole, Alaska, to Key West, Florida, everywhere
92
00:05:51.600 --> 00:05:55.279
in my my evidence speaking with them and knowing what's
93
00:05:55.319 --> 00:06:03.160
going on in their businesses. Everybody's concerned. Everybody has been
94
00:06:03.279 --> 00:06:07.839
cautious for some time. Last year, tariffs threw everybody for
95
00:06:07.879 --> 00:06:09.480
a loop, no doubt about it.
96
00:06:10.279 --> 00:06:12.240
They threw everybody for a loop. We'll get the tariffs
97
00:06:12.279 --> 00:06:12.680
in a bit.
98
00:06:13.839 --> 00:06:17.839
But now what's going on the high cost of energy,
99
00:06:18.959 --> 00:06:22.240
how that's going to filter through into everything, because we really,
100
00:06:22.519 --> 00:06:24.160
I mean, you think you're paying a lot at the
101
00:06:24.199 --> 00:06:28.000
pump people, It could get much much worse, very very quickly.
102
00:06:28.399 --> 00:06:34.000
And we haven't really felt felt the effects of higher
103
00:06:34.120 --> 00:06:37.600
energy costs in the items that we buy. Yet that's
104
00:06:37.639 --> 00:06:40.519
coming soon to a theater near you, mark my words.
105
00:06:41.160 --> 00:06:47.120
And small businesses know this. The NFIB Small Business cap
106
00:06:47.399 --> 00:06:52.040
X survey that they did over the next six months,
107
00:06:52.759 --> 00:06:57.120
small businesses are planning on spending money on capital expenditures,
108
00:06:57.160 --> 00:07:01.279
investing in their business at the left that it was
109
00:07:01.399 --> 00:07:03.600
back in two thousand and eight, earned the Great Recession.
110
00:07:04.920 --> 00:07:08.519
That's not good. That's not good.
111
00:07:08.759 --> 00:07:12.000
That's how over the court in the country, that's what's
112
00:07:12.000 --> 00:07:15.959
how small businesses feel about the underlying economy at this
113
00:07:16.120 --> 00:07:21.759
point in time. Not happy about what's taking place now.
114
00:07:21.920 --> 00:07:23.800
We're getting to tariffs.
115
00:07:26.879 --> 00:07:32.959
It's funny. That's a funny story. I'm sitting my wife's adorable.
116
00:07:33.360 --> 00:07:37.279
She is again, she's a little bit more on the
117
00:07:37.279 --> 00:07:39.879
superstitious side, she is.
118
00:07:40.680 --> 00:07:43.399
And we're sitting at the dinner table, sitting at the
119
00:07:43.399 --> 00:07:46.800
dinner table, and she asked the question about my daughter.
120
00:07:46.839 --> 00:07:49.399
My daughter is a junior in college right now, and
121
00:07:49.439 --> 00:07:52.879
she's a college athlete. And my wife didn't really understand
122
00:07:52.920 --> 00:07:56.240
the whole red shirt thing. How you get an extra year.
123
00:07:57.199 --> 00:08:00.240
And she thought that, you know, they automatically and get
124
00:08:00.240 --> 00:08:02.079
an extra year if they're going to grad school. And
125
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I said, no, no, no, no no. I said, yeah,
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Ausposias played your first three years, is going to play
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your senior year unless she gets hurt.
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And then my said, what do you say that.
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Don't put that out there like she thinks that I
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can like conjure bad things by saying them, like I'm
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some sort of warlock or something like that.
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But you know, I thought about that later on.
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I got a giggles because the things that I call
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here on the program that I warned people about them
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coming through again and again and again, and we told you,
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we told you a little over a year ago what
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exactly was going to take place when it came to terrace.
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We told you that they were illegal. They were illegal,
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and unless they were completely revoked, unless the President walked
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it back, the courts would eventually deal with it in
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the same way that we told you that Biden and
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him saying I do declare and do decree that.
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You know, student loans, you don't have to pay back anymore.
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That that was unconstitutional, and the courts would deal with it,
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which we want to have.
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We want to have those checks and balances.
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But I don't know if you remember we reported on
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this here on the program, and I'm here to say
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this is just disgusting in my opinion, Okay, And if
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you don't think it's disgusting, you want to challenge me
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on this, go ahead.
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I would love to hear what your argument is.
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We told you Howard Lutnik happens to be the Commerce
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Secretary of the United States.
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Howard Lutnik was the one that put together the Liberation
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Day tariffs.
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Howard Lutnik was the one the remember that math formula
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that they put out and how they were calculating tariffs
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and how people actually you just took a look at it,
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You're like, this doesn't make any sense, and it didn't.
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Howard Lutnick's kids kids have taken over his Wall Street firm.
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Canter Fitzgerald, Canter Fitzgerald. Canter Fitzgerald was selling tariff insurance,
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if you will, you want to call it that a
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refund claim purchasing strategy. So if you have a company
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out there that's in dire straits for money, they import
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a lot of items, whatever it may be, and all
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of a sudden, all of a sudden, they get smacked
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upside the head with a million dollar tariff bill and
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they are close they may go bankrupt because they can't
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afford it. They just got smacked up side the head.
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It's out of nowhere. They can't locally source the stuff.
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So what Canter Fitzgerald did is they said, hey, hey,
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I'll tell you what. We'll give you two hundred and
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fifty thousand dollars.
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Two hundred and fifty thousand dollars. We'll just give you
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the cash. As long as we can.
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Get these tariffs get refunded, we get all of the
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money back.
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Jackpot, jackpot.
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Canter Fitzgerald was doing that to companies that were desperate
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and now they have just made three times their money
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because tariffs are being refunded.
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Again.
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Remember remember all the you know, we were told that,
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you know, trillions of dollars are coming in in tariff.
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Eight hundred nine hundred billion dollars are coming in, one
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hundred and sixty six billion, one hundred and sixty six billion. People, Well,
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that's not a lot of money. Well yeah, if you're Nike,
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if you're you're a big company that you know can
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handle things like that. But you know how many small
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businesses out there again work with very different margins.
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Than a Nike. They got hit.
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So now these tariffs, just like we told you, have
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to be refunded, have to be refunded. It's happening right now.
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Again we told you this was going to happen. I
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do have to give a shout out, though, I do,
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before we go to break here, I got to give
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a shout out to ups UPS because in essence, who
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really paid the tariffs?
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You and I did? You and I did?
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They just passed the costs on down to us. I've
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explained this here on the program. Okay, the tariff is
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a corporate tax. Okay, Democrats love talking about corporate taxes.
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Right, Oh, I got tax test. Look, and they're not
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paying a fair corporate tax.
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And I try to explain, well, you know what, corporations
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don't pay taxes.
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The consumer pays the corporate tax. Same thing like tariffs.
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They'll charge Ye, they'll charge the company, but the company
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has to pass that pass that cost.
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It's a cost of doing business. Pass it on down
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the consumer.
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Well I gotta hand it to ups because, uh, they
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just told everybody, because they told everybody the tariff surcharge
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that they put on when they delivered packages. Well they're
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requesting their tariff refunds and they are going to actually
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refund their customers. Very very impressed by that. I have
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to take a break. Watchdog on Wall Street dot com.
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Watchdog on Wall street dot com is.
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Our site again.
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Become a part of our family at Markowski Investments. Take
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advantage of all the great stuff we have Watchdog on
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wallstreet dot com.
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We'll be back.
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You taking Wall Streets, crooks and cheets out behind the woodshed.
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You're listening to the Watchdog on Wall Street.
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Oh yeah, this is this brings back great memories. This
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is high school head party to back in the day.
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Anyway, welcome back is the watchdog on Wall Street Show,
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big news out of Apple shake up. At the top
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of Apple, Tim Cook going to be stepping down in September.
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John John Turnus, who.
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Is in charge of its hardware division, is going to
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be taking over as chief executive.
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My thoughts on this and I'm gonna give you my
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biases as well as a long.
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Time shareholder of Apple self clients thanks him. I mean
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seriously kill it, absolutely killed it over the course of
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his tenure in more ways than one, and more ways
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than one. Tim Cook definitely a big difference from Steve
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Jobs and we'll get into that as well. But what
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Tim Cook was able to do and his genius and
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handling supply chain, supply chain issues, all of these things,
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not to mention the fact of getting people and essence
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sucked into the company.
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I mean to ask question, how many people.
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Do you know that are in, you know, pad Apple
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for a period of time. How many people of them leave?
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You know that have ever said, hey, you know what,
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no more Mac, no more iPhone, you know, no more
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Apple Music, and they just go elsewhere. Not many, few
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and far between. And that's the genius of what Tim
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Cook was able to do. He turned the company into
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a bloody cash machine. I told the story when I,
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you know, eventually switched over from PC.
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To Mac and I did it.
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It was it was a more difficult thing to do
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because most of the uh the banking software and the
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things that we used didn't run didn't run on Apple.
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I would actually have a special software program on my
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Apple to handle all that that software that that ran
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on uh, you know, Windows type stuff. But you know,
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I look at I look at the stuff that I buy.
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I said, I'm looking at my my laptop that's sitting
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here over in the corner. What is that eight years old?
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Eight years old?
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It works fine, works fine, and they put out high
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quality products. And what they've also been able to do,
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and it's a genius in their company is they get
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you sucked in. It's once you're in, it's like a
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Gordian knot for crying out loud. You can't untie yourself
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from all the things that they're involved with. With that
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being said, With that being said, do I think that
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it's high time for a change? Absolutely? One hundred and
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ten percent. And I know Tim Cook is going to
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stay on. I think he's going to be an executive
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chairman something like that.
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I miss Steve Dobbs, I do.
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I missed those product launches that they would do, or
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he would do a bunch of things and then at
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the end he would go.
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And one more thing, and everybody would be because they knew
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it was coming. What what's a new thing? What's the
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new product? Whatever it may be.
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I'm being honest here, Okay, Apple shareholder, Apple customer, But.
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What exactly have you guys come up with? Well, maybe
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we're gonna get a foldable phone.
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I know you've got great products smart business move.
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Got like a five hundred dollars laptop. Now, love the
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air pods. Those are great. We had a lot of
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product flops.
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That whole oculus thing around the eyes, that's you know
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that that didn't fly over. But almost every year it's like,
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oh geez, we've got an even better camera.
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Now.
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Oh come on man, Okay, that's great. Oh you can
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personalize emojis, uh whatever.
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Not excited by any of that stuff.
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This is why I'm kind of thrilled that they're gonna
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like go back to basics here.
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I always crack jokes.
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I'm like, you know, what are you guys doing out
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there in that big building in Cooper Tino count money
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because you really haven't been doing much when it comes
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to innovation. For crying out loud, that's for sure. Again,
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hey listen, shareholder printing money. But you know, I think
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it's it's high time we came out with some some
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new products. And I'm not the only one, so I
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honestly I think it's time. I think it was a
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very good move.
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Anyway.
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Anyway, we got to get it to a topic that
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I I cover maybe on the podcast.
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It's actually a good time. We've got to hit the
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podcast as well. Listen proty so much.
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I can cover here over three hours a week here
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on the weekend radio show. We do daily pocket Monday
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through Friday. I do several different topics every single day.
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It's on every platform out there. Encourage you to get
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to our website at Watchdog on Wallstreet dot com. You
321
00:19:36.119 --> 00:19:39.400
can sign up for it there, Spotify, you can go
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00:19:39.440 --> 00:19:42.880
to Apple. You can do me a salad subscribe that
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helps helps me to get the word out write or
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of you whatever it may be.
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But I can't even cover I can't even cover.
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The you know us Irene conflict on a daily basis,
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because how do I put it, it's like leaving a
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glass of milk outside in August in the Florida sun.
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It's spoiled in no time. You know that.
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Whatever I may report on uh up, you know, give
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me an hour.
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Or two and it's spoiled.
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For crying out loud, well, you know we're gonna try
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to get into some of the latest news and my
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thoughts on this. Gotta take a break. Watch Dog on
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Wall Street dot com. Watchdog on wallstreet dot com Again,
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00:20:27.279 --> 00:20:30.480
take advantage of everything we have at our website, Watchdog
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00:20:30.480 --> 00:20:33.920
on wallstreet dot com, personal CFO program, podcast, newsletter, you
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name it.
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We'll be back.
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You're listening to the Watchdog on Wall Street. This is
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the Watchdog on Wall Streets.
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Welcome back, welcome back. And many of the people.
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I mean, I think everybody's kind of dug into their
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positions when it comes to this conflict. I really do.
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Uh you know, I've heard arguments on both sides. You know,
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I've I've waited in on the podcast. I've waited in here.
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I yeah, I don't. I don't agree with the risk
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made my points there. You can disagree with me, that's fine,
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that's fine. The issue we have right now. The issue
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we have right now is that I look at the
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they talk about nukes, right, nukes, We were the only
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country that's that's ever used nukes on an enemy, and
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kind of think about it, right, Russia's got a ton
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of them, correct, They have been at war with Ukraine
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for for how long now?
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They haven't used him. It isn't maybe the reasons you
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know that there's.
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A lot of valuable uh, valuable land and things that
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they want and you know, various different things plus more
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than that. Once you use that, it's you know, it's
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a different situation. Okay, nukes are kind of to be
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had now and never to be used, God willing, God willing,
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never to be used again. The Iranians, in essence, found
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a different type of I want to call it a nuke,
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a different type of weapon, if you will.
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And that's the straight, that's the straight. And it was funny.
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One of my favorite cartoonist back when I was younger
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was Gary Larson from the Far Side, and I had
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this sent over to me. It was a Gary Larson
371
00:23:10.160 --> 00:23:15.519
It's like nineteen eighty seven cartoon and showing the love
372
00:23:15.559 --> 00:23:19.279
boat making the mistake of going into the Strait of
373
00:23:19.480 --> 00:23:20.839
Ormuz again.
374
00:23:21.200 --> 00:23:23.559
Gary Larson, nineteen eighty seven, eighty eight.
375
00:23:23.599 --> 00:23:30.559
But anyway, neither here nor there, they figured out.
376
00:23:29.799 --> 00:23:33.400
What they can do by shutting this down.
377
00:23:35.240 --> 00:23:41.839
By shutting this down, and it's starting to hit. We
378
00:23:42.079 --> 00:23:45.400
just had just had United Airlines prices are going to
379
00:23:45.440 --> 00:23:52.000
be going up twenty percent this summer, factories around the globe.
380
00:23:52.400 --> 00:23:55.599
There was a very very lengthy article in the New
381
00:23:55.680 --> 00:24:00.559
York Times which basically echoed everything that I said on
382
00:24:00.640 --> 00:24:05.359
this program a week ago a week ago talking about
383
00:24:05.680 --> 00:24:09.799
the rippercussions in Asia and many countries around the globe
384
00:24:09.960 --> 00:24:12.640
and how they are going to be hurting based upon this,
385
00:24:13.000 --> 00:24:20.759
what this means to farmers not getting fertilizer. The Iran
386
00:24:20.880 --> 00:24:25.440
Republican Guard there, they have now warned they're now warned
387
00:24:25.519 --> 00:24:30.640
that they might cut the seven Internet cables that passed
388
00:24:30.680 --> 00:24:33.440
through the Gulf, the Strait of Horn Moves, which would
389
00:24:33.480 --> 00:24:37.680
trigger what we call a digital catastrophe for the Gulf States.
390
00:24:38.400 --> 00:24:42.759
Ninety percent of their Internet is supplied through those cables,
391
00:24:43.519 --> 00:24:50.119
Internet banking, cloud services. Iram's gonna ge hit two forty
392
00:24:50.119 --> 00:24:51.920
percent of their Internet comes from that.
393
00:24:52.240 --> 00:24:53.440
But they've already shut.
394
00:24:53.240 --> 00:25:00.279
Their internet down for the entire country outside the government. This,
395
00:25:00.279 --> 00:25:03.559
This is the type of strangle hold that they have
396
00:25:04.240 --> 00:25:10.480
right now. You can't just again, you shut down, you bomb,
397
00:25:10.519 --> 00:25:14.839
we bomb these various different oil facilities.
398
00:25:17.119 --> 00:25:18.359
People don't understand.
399
00:25:18.640 --> 00:25:21.559
What's going to happen is they could get flooded with
400
00:25:21.759 --> 00:25:25.359
water and you could be looking at a situation where
401
00:25:25.359 --> 00:25:29.240
they would go completely offline, never to be used again.
402
00:25:30.160 --> 00:25:33.519
We are looking right now. Okay, this is just facts, people,
403
00:25:34.759 --> 00:25:37.920
It's just facts. We're looking at the biggest.
404
00:25:37.839 --> 00:25:41.720
Energy crisis since the nineteen seventies.
405
00:25:43.519 --> 00:25:48.119
You cannot just take that amount of oil off the
406
00:25:48.160 --> 00:25:55.519
market and replace it quickly. This is the predicament that
407
00:25:55.599 --> 00:25:57.799
we're in. This is what we talk about when we
408
00:25:57.839 --> 00:26:00.759
talk about a symmetric warfare.
409
00:26:02.039 --> 00:26:07.160
We can We have won overwhelmingly. We're not wrong. Victory
410
00:26:07.240 --> 00:26:08.799
with air and naval power.
411
00:26:09.680 --> 00:26:11.359
We didn't have to put any boots on the ground
412
00:26:11.400 --> 00:26:16.559
outside of using them to get the down pilots, and
413
00:26:16.640 --> 00:26:20.920
we've destroyed some of Iran's missile and drone launching capabilities.
414
00:26:23.240 --> 00:26:27.200
But I'm sorry right now, no, we know this, Okay,
415
00:26:27.319 --> 00:26:31.720
the administration knows this, knows what could happen.
416
00:26:32.039 --> 00:26:35.359
Not to mention the fact not that offline. How are
417
00:26:35.359 --> 00:26:40.680
you going to replace that. Darzuela. No, that's not the case.
418
00:26:41.160 --> 00:26:45.000
Nobody's made any new investments in Venezuela. Chevron is still there.
419
00:26:45.079 --> 00:26:48.519
Nobody's done it, nobody trusts what's gonna happen in Venezuela.
420
00:26:48.559 --> 00:26:50.119
Okay, it's not enough anyway.
421
00:26:50.319 --> 00:26:54.359
And then they started hitting all of the infrastructure in
422
00:26:54.440 --> 00:26:55.319
the Gulf States.
423
00:26:55.759 --> 00:26:56.160
Then what.
424
00:26:58.480 --> 00:27:07.039
People, you're talking global depression, you are talking starvation. That
425
00:27:07.319 --> 00:27:10.759
is the reality of what we're dealing with right now.
426
00:27:13.079 --> 00:27:16.680
So what I do, there's not nothing, but nothing I
427
00:27:16.680 --> 00:27:19.359
can do outside of prey and you can do outside
428
00:27:19.359 --> 00:27:19.839
of pray.
429
00:27:19.920 --> 00:27:21.160
Hope, hope.
430
00:27:22.400 --> 00:27:28.680
That this ends. Hope that people can walk away from
431
00:27:28.680 --> 00:27:32.400
the because I don't want to see that happen. You
432
00:27:32.440 --> 00:27:35.400
want to talk about an ultimate weapon, that straight to
433
00:27:35.440 --> 00:27:40.160
the open limint weapon right now, that is the ultimate weapon.
434
00:27:41.319 --> 00:27:46.480
That is that is something that is truly frightening. If
435
00:27:46.480 --> 00:27:51.039
you actually take a look at this media, it doesn't go.
436
00:27:51.319 --> 00:27:52.119
They don't like doing it.
437
00:27:52.119 --> 00:27:57.200
They want to spook everybody. Okay, that's what we're dealing
438
00:27:57.240 --> 00:28:01.319
with right now. Have to take a break. Watchdog on
439
00:28:01.400 --> 00:28:05.559
Wall Street dot Com again our site Watchdog on Wallstreet
440
00:28:05.640 --> 00:28:10.880
dot Com take advantage personal CFO program, podcast, newsletter, you
441
00:28:11.319 --> 00:28:13.599
name it. Watchdog on Wallstreet dot com or give us
442
00:28:13.640 --> 00:28:17.000
a call eight four seven eight.
443
00:28:30.440 --> 00:28:36.920
Horizon Bringing America Financial Freedom, one listener at a time.
444
00:28:37.440 --> 00:28:41.039
You're listening to The Watchdog on Wall Street with Chris Markowski.
445
00:28:43.480 --> 00:28:48.599
I was gonna, you know, start singing this song after
446
00:28:48.640 --> 00:28:50.559
coming in for the break, but I just had to
447
00:28:50.559 --> 00:28:53.000
remind myself, you know, I I have to lip sync
448
00:28:53.039 --> 00:28:55.319
a lot in church, you know, for fear of breaking
449
00:28:55.400 --> 00:29:00.480
some of the stained glass windows with my lovely voice.
450
00:29:01.200 --> 00:29:08.440
Bad Moon Arizon, Yeah, Yeah, Virginia and the bad Moon
451
00:29:08.559 --> 00:29:17.680
rising for Republicans. Virginia voters prove this measure to boost
452
00:29:18.039 --> 00:29:26.960
Democrats in the mid terms. Another jerry mandering fiasco, not fiasco, disaster.
453
00:29:27.079 --> 00:29:30.680
Another thing that just it makes me sad, sad for
454
00:29:30.720 --> 00:29:31.279
this country.
455
00:29:32.319 --> 00:29:34.200
It really really does.
456
00:29:34.960 --> 00:29:37.480
I know, we've got a judge out there that has
457
00:29:37.519 --> 00:29:40.759
blocked it for the time being. I don't know what's
458
00:29:40.839 --> 00:29:45.079
going to happen, but you take a look at the
459
00:29:45.119 --> 00:29:48.440
state of Virginia. State of Virginia most certainly did not
460
00:29:48.799 --> 00:29:54.160
need to jerrymanned or anything because the makeup of their
461
00:29:54.319 --> 00:29:58.200
you know, representation in Congress is pretty much based upon
462
00:29:58.319 --> 00:30:00.880
the electorate and what happens in their votes. A purple state,
463
00:30:01.599 --> 00:30:07.279
they have forced a purple state into a blue blue state.
464
00:30:08.559 --> 00:30:13.000
This is what happens. I'm sorry, I'm gonna call it
465
00:30:13.039 --> 00:30:18.920
like I see it. Washington d C is it's I'm sorry,
466
00:30:18.920 --> 00:30:21.279
it's like pancreatic cancer. It's the worst kind.
467
00:30:22.759 --> 00:30:27.400
It really is. Washington d C is a cancer on
468
00:30:28.359 --> 00:30:29.000
our country.
469
00:30:29.680 --> 00:30:31.839
You know, Trump wants to build his arch you want,
470
00:30:32.039 --> 00:30:39.519
I'm like, uh huh, No, DC is gross. It's gross.
471
00:30:40.680 --> 00:30:43.680
It's as far left wing as far left wing can be.
472
00:30:43.960 --> 00:30:47.319
And it's growing. Like like I said, it's it's spreading.
473
00:30:47.960 --> 00:30:52.799
It's spread throughout northern Virginia. Now it's spread throughout Maryland.
474
00:30:52.799 --> 00:30:56.599
Now it's not just Washington d C, but Washington d C.
475
00:30:57.400 --> 00:30:59.400
And again, you got guys like James carb. The first
476
00:30:59.440 --> 00:31:01.559
thing I'm gonna do, I we're gonna get back in power.
477
00:31:01.599 --> 00:31:04.279
We're gonna we're gonna make uh Puerto Rico state and
478
00:31:04.319 --> 00:31:06.279
big Washington d C estate And give me up two
479
00:31:06.279 --> 00:31:07.519
senators here and two senates there.
480
00:31:07.599 --> 00:31:14.319
What are you talking about? Washington d C essentially has taken.
481
00:31:14.079 --> 00:31:18.680
Over the state of Virginia.
482
00:31:18.960 --> 00:31:19.640
Don't believe me.
483
00:31:20.359 --> 00:31:22.680
Just take a look at this, Take a look at
484
00:31:22.680 --> 00:31:25.599
the voting. Take a look how they just jerrymandered that state.
485
00:31:26.279 --> 00:31:30.960
It's gross anyway, bad moonize it for Republicans and we'll
486
00:31:31.000 --> 00:31:32.880
talk more about that when we get back. Watchdog in
487
00:31:32.920 --> 00:31:35.359
Wallstreet dot com, Watchdog in Wall Street dot com.
488
00:31:35.400 --> 00:31:36.400
We shall return.
489
00:31:38.480 --> 00:31:51.720
Thisri Markowski. You is the watchdog of Wall Street. M
490
00:31:59.759 --> 00:32:03.839
TE king Wall Streets, liars, crooks and sheets out behind
491
00:32:03.880 --> 00:32:11.720
the woodshed. You're listening to the watchdog on Wall Street.
492
00:32:12.519 --> 00:32:15.839
Never ever ever got to see let Zepp what never
493
00:32:16.039 --> 00:32:19.119
my fav but I did get to see Bowie. Anyway,
494
00:32:19.119 --> 00:32:22.720
welcome back. It is the watchdog on Wall Street. I
495
00:32:22.720 --> 00:32:27.440
want to talk a little bit more about this. I
496
00:32:27.599 --> 00:32:34.559
chose on this one when Republicans decided to mess around
497
00:32:34.799 --> 00:32:38.920
with the map in Texas, I warned everybody here on
498
00:32:38.960 --> 00:32:41.000
the program, and you should have seen the messages I
499
00:32:41.039 --> 00:32:41.440
was getting.
500
00:32:43.200 --> 00:32:44.960
Don't let's do it. You know we got Paul were
501
00:32:45.000 --> 00:32:45.799
gonna take advantage.
502
00:32:45.839 --> 00:32:48.880
I'm like, come on, take a good hard look in
503
00:32:48.880 --> 00:32:53.400
the mirror. All of it's wrong, and it's not it's
504
00:32:53.440 --> 00:32:56.240
not about party. It's about what's right for the country.
505
00:32:57.279 --> 00:32:58.480
And I'm a.
506
00:32:58.440 --> 00:33:02.880
Big believer if somebody else is cheating. Doesn't mean I
507
00:33:02.920 --> 00:33:07.960
have to cheat. You have to understand your opponent. Hey,
508
00:33:08.039 --> 00:33:11.839
you give me a great example of this. When I
509
00:33:11.880 --> 00:33:16.599
was coaching coach lacrosse on Long Island and we would
510
00:33:16.640 --> 00:33:18.720
go down to tournaments down to the state of Maryland.
511
00:33:19.799 --> 00:33:23.440
Let's just say, no love loss between Long Island lacrosse
512
00:33:23.559 --> 00:33:27.079
and Maryland lacrosse. Right, you know wh's better in the country.
513
00:33:27.839 --> 00:33:30.160
And I told the kids, I said, we're gonna go
514
00:33:30.200 --> 00:33:32.039
down there and play in the tournament. We are not
515
00:33:32.200 --> 00:33:35.880
going to get any calls. Now, We're not gonna get
516
00:33:35.880 --> 00:33:39.319
any calls. We are going to get horrible calls throughout
517
00:33:39.359 --> 00:33:42.680
the course of the game. So either you deal with it,
518
00:33:43.839 --> 00:33:46.200
understand that that's what the terrain is.
519
00:33:46.599 --> 00:33:49.079
Or you're gonna get angry. You're gonna get upset with
520
00:33:49.119 --> 00:33:49.599
the refs.
521
00:33:49.759 --> 00:33:52.559
You're gonna get all bent out of shape, okay, and
522
00:33:52.599 --> 00:33:54.359
it's going to affect your play.
523
00:33:54.799 --> 00:33:55.319
And I tell the.
524
00:33:55.319 --> 00:33:59.359
Kids, let me deal with the refs, and I just
525
00:33:59.440 --> 00:34:00.720
laugh at them.
526
00:34:01.000 --> 00:34:02.759
Just let's just laugh at that. What are you gonna do.
527
00:34:02.839 --> 00:34:07.599
They're gonna cheat, They're gonna cheat. Look at what jerry
528
00:34:07.640 --> 00:34:10.400
mandering did to the state of California.
529
00:34:12.440 --> 00:34:15.159
Is that a win for the state of California.
530
00:34:16.119 --> 00:34:20.159
We got more and more companies, leaving more and more businesses,
531
00:34:20.559 --> 00:34:25.199
leaving more and more people, leaving your tax base decimated.
532
00:34:25.840 --> 00:34:30.840
But at the state of Massachusetts trying to raise taxes here, there,
533
00:34:30.880 --> 00:34:32.519
and everywhere, are you kidding me?
534
00:34:35.000 --> 00:34:36.719
You you want to you want to become like that.
535
00:34:37.800 --> 00:34:41.199
I don't want a Jerry mander A state. And I'm
536
00:34:41.239 --> 00:34:44.360
a conservative guy. I'm not a Republican. Left the Republican
537
00:34:44.400 --> 00:34:46.079
Party a long time ago. I don't I don't like
538
00:34:46.119 --> 00:34:49.320
dealing with liars. Okay, I don't like dealing with liars.
539
00:34:49.360 --> 00:34:51.280
I don't like dealing with communists. So again, there's no
540
00:34:51.320 --> 00:34:53.599
party for me at this point in time. I'm a
541
00:34:53.679 --> 00:34:57.000
libertarian guy. Liver in the Constitution. When you put a
542
00:34:57.000 --> 00:34:58.920
party together that that can that can do those two things,
543
00:34:59.000 --> 00:35:01.360
let me know. At that point in time, I vote
544
00:35:01.400 --> 00:35:07.159
for the candidate, just that simple. But it's not good people.
545
00:35:07.159 --> 00:35:08.039
You look at their history.
546
00:35:08.039 --> 00:35:13.679
This is how civil wars start. People. I feel horrible.
547
00:35:15.079 --> 00:35:18.360
I can't tell you.
548
00:35:17.239 --> 00:35:22.400
How many clients, friends, listeners I have in the state
549
00:35:22.559 --> 00:35:28.480
of Virginia at this point in time, and they again,
550
00:35:29.199 --> 00:35:37.039
Californication baby just happened to the state of Virginia. Offer
551
00:35:37.159 --> 00:35:41.159
these political operator in they're high fiving each other.
552
00:35:43.039 --> 00:35:45.920
Yeah, we're running the country like the Game of Thrones.
553
00:35:46.440 --> 00:35:51.320
For crying out loud, it's not supposed to be this way.
554
00:35:52.559 --> 00:35:55.599
And let me tell you something, people, you better change fast.
555
00:35:56.239 --> 00:35:59.679
Republicans don't have a clue the VEC rama's mommy's doing
556
00:35:59.719 --> 00:36:01.920
a in Ohio. He's running for a governor there right
557
00:36:02.559 --> 00:36:03.880
and Turning Point USA.
558
00:36:04.760 --> 00:36:07.599
Huh yeah, you know again. Yeah, was run well under
559
00:36:07.679 --> 00:36:09.199
Charlie Kirk. It's a disaster. Now.
560
00:36:09.960 --> 00:36:17.280
They hired Savannah Krisly from that that reality TV show
561
00:36:17.440 --> 00:36:20.639
Crizly knows best, you know, like her family went to jail.
562
00:36:20.960 --> 00:36:24.800
Her parents went to jail for bank fraud, love a
563
00:36:24.920 --> 00:36:25.960
myriad of different things.
564
00:36:26.000 --> 00:36:29.840
They got pardoned by Trump. And she's there. She's from Georgia.
565
00:36:30.440 --> 00:36:33.920
She's there at Turning Point, USA, singing the praises of
566
00:36:34.039 --> 00:36:35.039
the VEC and.
567
00:36:35.079 --> 00:36:37.119
Data centers in the state of Ohio.
568
00:36:38.039 --> 00:36:44.920
Oh, I'm sorry, folks, Okay, it's gonna letst they change things.
569
00:36:45.119 --> 00:36:49.039
It's gonna be really ugly for Republicans this fall as
570
00:36:49.039 --> 00:36:51.639
it stands right now, it is what it is.
571
00:36:53.079 --> 00:36:58.920
Anyway, quickly on this story as well last weekend. Oh yeah,
572
00:36:59.159 --> 00:37:00.519
Zoran dummy.
573
00:37:00.559 --> 00:37:03.760
He's being interviewed and he's talking about his free child
574
00:37:03.920 --> 00:37:08.400
care plan for New York free childcare six eight billion
575
00:37:08.440 --> 00:37:12.079
dollars he wants to spend to provide free childcare. Doesn't
576
00:37:12.079 --> 00:37:14.800
matter how much money you make for all New Yorkers,
577
00:37:15.079 --> 00:37:16.119
drop off your newborn.
578
00:37:18.320 --> 00:37:20.960
I can't you know that newborns.
579
00:37:22.760 --> 00:37:27.039
Newborns six weeks old, starts at six weeks old.
580
00:37:28.880 --> 00:37:33.719
I saw that, and I said to myself, I said, who, who?
581
00:37:34.119 --> 00:37:37.639
Who has a kid? Who decides, you know what, I
582
00:37:37.679 --> 00:37:39.599
want to have a family. I'm gonna have a kid,
583
00:37:40.800 --> 00:37:42.679
and I'm gonna have a kid. I'm gonna drop that
584
00:37:42.800 --> 00:37:50.159
kid off at government healthcare, government daycare at six weeks Again.
585
00:37:52.400 --> 00:37:55.639
I'm sorry, Okay, the truth hurts. Okay, the truth is
586
00:37:55.679 --> 00:37:58.880
oftentimes rough, it's uncomfortable.
587
00:37:58.360 --> 00:38:00.280
And it cuts.
588
00:38:01.880 --> 00:38:03.840
If you're planning on going back to work after six
589
00:38:03.880 --> 00:38:05.840
weeks after having a child, don't have a child.
590
00:38:07.639 --> 00:38:11.159
I said it. I said, I'm sorry.
591
00:38:11.159 --> 00:38:13.760
I know we've got a demographic issue here in the
592
00:38:13.840 --> 00:38:14.440
United States.
593
00:38:14.559 --> 00:38:19.360
I get that. Let me think about this for a second.
594
00:38:19.800 --> 00:38:22.119
I met Neil Boortz made this argument one time ago.
595
00:38:22.199 --> 00:38:22.639
He talked to him.
596
00:38:22.639 --> 00:38:25.039
It was actually making it about you know, education here
597
00:38:25.039 --> 00:38:27.880
in the country. Imagine of the country demanded that you
598
00:38:28.000 --> 00:38:31.760
drop off your firearms at the government every single day
599
00:38:31.800 --> 00:38:34.480
before you went to work. You're gonna drop your child
600
00:38:35.719 --> 00:38:37.079
at six weeks off?
601
00:38:38.440 --> 00:38:39.800
Yeah, I know, but it's expansive.
602
00:38:39.960 --> 00:38:42.719
Well, then guess what if you can't afford to have
603
00:38:42.880 --> 00:38:45.880
a kid, if you can't afford to take care of
604
00:38:45.920 --> 00:38:53.480
that baby, don't have the baby. Really not a difficult equation, people,
605
00:38:53.719 --> 00:38:56.320
It just really isn't. And I'm sorry if I offended
606
00:38:56.400 --> 00:39:01.800
anybody out there, but prove me wrong, move me wrong.
607
00:39:03.559 --> 00:39:08.599
Watchdog on Wallstreet dot com. Watch Dog on Wallstreet dot com.
608
00:39:08.639 --> 00:39:10.320
God bless everyone. We'll see you next week.
609
00:39:15.199 --> 00:39:18.400
You're listening to the watch Dog on Wall Street.
