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Insider Trading in Congress Criticized as Legalized Corruption

by SiteAdmin
March 7, 2024
in Crossroads with Joshua Philipp
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Welcome to Crossroads we’re going to talk about how insider trading in Congress is now being criticized as a form of legalized corruption because guess what Congress members very much across the board they’re beating the markets including outdoing even major investment firms and you know what it’s

Almost like they can see the future or maybe more accurately like the they’re altering the future by using legislation to financially benefit themselves let’s talk about it Dan Bonino show had this it said in the least surprising news you’ll read all day a new report confirms that mostly Democrat members of

Congress continued to outperform the stock market a feat that the overwhelming majority of hedge funds failed to do so what makes members of Congress more able to predict the stock market than even some of the top investors in the entire world more so than hedge funds for the most part well

It says here that over a decade ago Congress passed the stock act as an attempt to crack down on Congressional insider trading which is always a problem which was notably completely legal before it one key provision of the ACT requires members of Congress to disclose any stock trades made by

Themselves spouses or a dependent child and at least 78 members of Congress have been identified in violation of the act so they passed this act to make sure members of Congress were not engaging in insider trading and violating our investment laws 78 members are violating it in the open so what is the

Consequence they made for themselves well it says there’s not much consequence that they can face really outside of a standard $200 fine and you do the math if you’re profiting in the millions upon millions of dollars and you have to pay a $200 fine for that

What are you going to do well look many of the reports recently were sparked by a report from unusual Wales and it showed the public stock trading data of many of these members of Congress let’s just have a look at it unusual Wales this is the actual report it says that

Members of Congress are required to disclose their personal finances through financial disclosure procedures Financial disclosure forms are filed annually and every time they or their families make a trade it says these forms are made available to the public through the office of the clerk of the House of Representatives and the office

Of the Secretary of State in other words both branches of Congress these forms are a key tool for promoting ethical conduct we’ll talk more about how ethical it is in Congress and an important part of efforts to promote integrity and transparency in the legislative process which we will now

Witness is not looking like it has a lot of Integrity or transparency it notes that this report analyzes data obtained from publicly accessible Financial disclosure forms in other words you can read it yourselves this is not secret it’s not a big you know conspiracy or anything like that this is what it says

In the publicly available reports it continues stating Congress beat the market once again of 100 trading members of Congress 33% of them over onethird beat syp with their portfolios how is it that close to onethird of the members of Congress who are disclosing their finances are doing better than one of

The top investment firms in the world it notes that Democrats beat their Republican colleagues by a by a massive margin members are once again trading options after not trading them in 2022 it says the overall number of transactions by Congress is down they are also reducing time to disclosure as

Well as using the note feature because people now are now watching them vigorously now other words there are suspicions that because people are paying attention now they’re like hey uh gee I wonder if that guy I elected to represent me in Congress to make sure that government is doing what it should

Is engaged in one of the you know forms of corruption that would get me thrown in prison they got Martha Stewart thrown in prison and you know you have to question why are they trying to hide it from us and when they disclose it and they’re openly violating the law why is

Something not being done let’s have a look at the facts it says there are many unusual trades and conflicts it says members of Congress sit on important committees you know congressional committees where they investigate different things or you know play a watchdog role it turns out many of them

Appear to be financially benefiting from their roles in these committees it says congressional committees play a crucial role in the legislative process by conducting indepth examination of proposed legislation allowing for expert anal analysis and debate these specialized committees enable members of Congress to focus on specific policy areas streamline decisionmaking and

Enhance the efficacy of the legislative branch notes we we may able may we may be able to see interesting trading trends when we chart how committee members traded in different sectors it shows heat maps on this and let me just show you some of what’s here it says

Some honorable mentions Dan krenshaw the oneeyed guy who was called out in 2021 in their report said that stock trading was the only way a congressman could better themselves hey you know what we’re only making you know a few hundred, a year and uh you know we just

Want to make more money how do we make more money I can’t start a side business why don’t I do the thing that would get you thrown in prison because we’ve passed legislation to allow ourselves to violate the laws you can’t right and don’t say is exact words were that

Without trading and I think the key word here is probably insider trading he said you have no way to better yourself as a congress person and look you know I understand that there are legal and transparent and ethical forms of members of Congress engaging and trading on the

Stock market the concern though is that because they sit on these legislative committees because they have oversight because they can again pass legislation themselves they have insight and foresight and they can even hold you know closed door meetings where they can get information on businesses including calling the heads of corporations in to

Testify before Congress you’ve had Mark Zuckerberg sitting before Congress you’ve had many major Business Leaders in the United States sitting before Congress and when they reveal things about what’s happening behind closed doors yes that would inform you on how to engage in insider trading that is the

Big concern and one of the reasons why this is so controversial and take it a step further if you’re a member of Congress and let’s say you’re invested in you know X company let’s say let’s say you’re invested in Tesla you’re invested in a green Energy company electric cars and you pass legislation

To use taxpayer dollars to subsidize electric cars what’s going to happen the stock that you’re heavily invested in is going to Skyrocket you’re going to make money off it using taxpayer dollars and so if you have passed legislation to divert Government funding to give subsidies or whatever else to something

That you yourself will profit from that raises serious questions of whether you did it because it’s the best thing for the country or whether you did it because it’s the best thing for yourself and that’s the concern is that legislation is not being passed free from personal interest and notably

Financial interest and aside from that even aside from the area of government corruption which which is what that would qualify as there’s also just the basic issue of insider trading which again I you know you or I would get thrown in prison for doing this Martha Stewart Martha Stewart got thrown in

Prison for this and they’re doing it openly now notes that Dan khaw after saying you know you have no other way to benefit to better yourself he was the fifth best Trader in Congress in 2021 and in 2023 this year he beat the index with his portfolio up nearly 38% which

Was a 15% beat on the index it’s incredible it’s like you can see into the future now it notes that numerous members of Congress traded War stocks in other words they’re profiting from war before the Israel Gaza Palestine conflict notes we they present the above table they’re showing the document

Without comment noting that syp is up only 10% since the conflict the Israel Gaza a war while members who traded these War stocks have often outperformed it’s almost like they have insights into Wars that we’re going to get into or Wars we’re getting pulled into and they’re profiting from getting

America pulled into Wars or at least financing them and notes that we saw something far worse at the start of the Ukraine conflict you know Ukraine Russia which they documented here it says Ukraine war report right here here’s a visual disinformation based on the portfolios for members who would who who

Most would benefit from war stocks and that’s they added some of this information for reference and so on and notes that in detail Kevin Hearn bought RTX Ron a weapons manufacturer raon being one of the largest you know arms manufacturers in the US he did that in September notably before the war started

And it has to make you wonder well you know that’s a very smart investment interesting timing it’s almost like he might have known some something was going to happen and of course that is the concern not accusing him of anything maybe it was totally organic but again

Because of the way this whole system works it’s raising suspicions people are wondering hey uh are you intentionally getting us pulled into Wars so you can get rich hey uh how far ahead of time did you know this was going to happen uh gez that’s a very smart investment you

Seem to be out doing some of the largest stock trading firms in the world what do you know that they don’t and notes as well that he also bought four energy stocks as well NE X pxd and dvn and both have benefited from the ongoing War they’re financially profiting by keeping

The war going and he benefited the most from these Holdings as per the graphic included right here in fact it says in the past year itself Kevin Hearn purchased up to $6 million and he himself sits on the house subcommittee on energy and mineral resources notably raising that concern again is that when

Members of Congress sit on these committees or subcommittees they’re able to get Insider information sorry I’m living I’m in New York right now and there’s an announcement so you have to forgive that now notes here that another example be Josh gottheimer himself representative Josh gimer purchased up to

$155,000 of Northrop gunman which is another major arms manufacturer and he bought that on September 26 and interestingly Hamas attacked Israel on October 7th just after that now look it’s hard to say whether they could have had Insight that you know Hamas was going to launch a terror attack on

Israel there are of course many rumors and concerns that maybe some people knew about this ahead of time right that’s one of the big concerns with it we don’t really know but we do see that members of Congress were buying stocks in these arms manufacturers they would of course

Be later supplying Israel with arms in the future War ahead of time now again conspiracy theory you know we can’t say whether this was known or not but it’s interesting timing and does suggest that you know these people just have really interesting insights and notes as well

That he sits on the National Security Agency and intelligence committees and the concern with that of course is that if you’re on the intelligence committee you might have had background information intelligence briefings on potential Terror threats and if you know about potential Terror threats hey Hamas is banging its War

Drums Hamas is getting ready for something maybe instead of being like Oh I better tell the public to prepare for a global terror attack you say hey uh maybe I should buy some stocks in Northrop Grumman in order to you know personally profit from a future war that

Might start with this now let’s go deeper into this in particular let’s look at the unusual trades Nancy Pelosi who has become one of the big folks focuses and all this Nancy Pelosi tops the charts and a lot of people have been interestingly paying a lot of attention

To Nancy Pelosi there was even a Twitter account you know of course now X that was based on Nancy Pelosi’s stock trades and they deleted they deleted it because there were some concerns that if you were trading alongside Nancy Pelosi that you could be you could be charged

Criminally for Insider TR trading there were there were people charged and accused of insider trading because they were just doing whatever Nancy Pelosi did let that sink in right if people mimicking the actions of Nancy Pelosi in her stock trades can be accused or charged of insider trading why is Pelosi

Not being accused or charged of insider trading but let’s have a look at it I’m not criticizing I’m not accusing her of this but of course there are some there are some suspicious things going on let’s put it that way now it says on December 22nd Nancy Pelosi and her

Husband the Hammerman traded Nvidia calls and her Nvidia calls show that Nancy Pelosi once again believes politicians should be able to trade and in large amounts in size and say let’s start in December 2021 after a history of unusual trading Nancy Pelosi was asked if she thinks US Congress members

Should trade despite legislative conflicts by Brian Meer she said quote we are a free market economy Congress should be able to participate in that and notes said in January of 2022 unusual whales released their most famous trading report showing Congress beat the market yet again Nancy Pelosi

Is listed as the fifth best Trader in Congress and that report it says creates a flurry of media created a flurry of media and outrage over this now skipping forward and September of 2022 was revealed that Nancy Pelosi was trading millions millions of dollars of Nvidia which is a semiconductor company they

Create graphics cards and of course you know one of the big concerns is that hey uh graphics cards semiconductors these are the things that of course were placing sanctions on China over and making it so that China can’t buy these and restricting some of the companies on

This and you could expect that if they start restricting International companies that yes there be a jump in American companies and it notes that she did this trading millions of dollars millions folks traded millions of dollars in Nvidia before she voted on a US semiconductor bill by the Biden

Administration so imagine right you’re like uhoh we have to vote for this semiconductor bill that’s going to benefit american-based semiconductor companies and before you go go to vote on that as a member of Congress to pass legislation that you know is probably going to benefit a us-based

Semiconductor Company what do you do you take millions of dollars and you buy the stocks of a us-based semiconductor company that raises questions of did she do this to financially benefit herself again you and I would be criminally charged if we did that we’d probably get

Thrown in prison for that uh but Pelosi appears to have done that it notes that they reported on the trade to once again outrage the public when disclosed and interestingly for the first time in history a few days later Nancy Pelosi disclosed trades made on the same day

That they were made like the fastest disclosure in US history in Congress and she reported that she sold out her Nvidia position she relinquished it because of the controversy the first time she divested from conflicts in her portfolio although notably probably after Nvidia saw a jump because of the

Legislation that was was passed it says 1 month later Nancy Pelosi proposed alongside representative Lofgren her own Congressional trading ban a bill which was incredibly weak and filled with loopholes like for example the one that’s already in place it only charges them $200 if they violate laws that will get

Us imprisoned and then what happened Pelosi stopped trading interestingly that is until December 22nd one week after Chinese president XI jingping V visited her home in the state of California and before Joe Biden announced new US semiconductor focuses what happened her husband decided to buy $2 million of deep in the- money Nvidia

Calls they just love Nvidia the same company she divested from due to conflicts a year earlier and it says what’s worse in December 11 before she bought in November us Commerce Secretary Rond said that Nidia this us us-based Semiconductor Company could sell slower AI chips to China to comply with us

Export controls maybe that’s why she was meeting in her home with XI jingping maybe that’s why of course all these discussions were happening with Joe Biden and the concern is that maybe that’s why her husband suddenly decided to buy the very company at the focus of those discussions and notes that take it

For what it is just after that right after on December 20 nvda nvidia’s stock trading portfolio launched a modified version of an advanced chip precisely to get around us restrictions and sell them to China and notably of course right after Pelosi met with xiin ping head of the Chinese

Communist party and it says that Pelosi has always been quite good at trading before news but to come back to a company she divested in due to conflicts before excellent news is quite stunning now look folks what’s the final result of all of this what ended up happening well the public

Is becoming aware of this finally I don’t know why it took us so long right I know there’s been a lot of criticisms around this for a long time in fact again they even had the stock act which was passed many years ago because of this controversy uh which only creates a

Slap on the wrist punishment if members of Congress engage in things that would incriminate us $200 fine and notes that well you know many many members of Congress still are doing better on the stock market than some of the biggest hedge funds in the world uh they somehow

Are doing this while frankly I’d say I I wouldn’t qualify all of them as as being the smartest people around you know what I mean some of some of these some of these investment guys are smart I’ve met some of these hedge fund guys they’re like living calculators you can give

Them math equations and they’ll spurt them out as fast as a as a handheld calculator could it’s incredible I I doubt many members of Congress have that capability but for some reason these individuals are able to outperform those investment firms which are filled with incredibly intelligent individuals and

Again the concern as well is that you know take the Pelosi thing with Nvidia imagine imagine if you had like a normal guy right he’s not Nancy Pelosi imagine a normal guy there’s a company right a company that’s trying to or let’s say a country that’s trying to get a product

From a certain company the president of that country goes and personally visit somebody who’s tied in with it who has the ability to Greenlight the sale of this product to that country you’re the gatekeeper you’re the one who can make it happen right and of course soon after

That the individual who met personally with the head of that country does in fact take action to pass this law or open the floodgates to allow all of those all of that trade to go into that country and benefit them financially now the individual knows for a fact that the

Company that’s going to be able to access an entire Global Market is going to benefit financially they know that the stock market is going to Skyrocket and then the individual interestingly right before that Floodgate opens decides to go and buy tons and tons and tons Millions of

Dollarss in that stock what do you call that you call that insider trading and I’d say even worse than that when the individual is a in insider trading is when you have awareness that the deal even took place if for example the individuals involved in that deal told

Friends and the friends bought that stock they would be criminally charged with insider trading what this constitutes is not only insider trading but corruption if for example it raises concerns that the individual passed legislation or open the floodgates for something while at the same time before they did it doing taking actions that

Would financially benefit from the very deal they’re going to pass and they get rich off of it you call that government corruption and the concern with these types of actions is that the these stock act and all these things that allow members of Congress to do this with very

Little consequence does allow for a certain type of legalized corruption would they have allowed that to happen if they wouldn’t have would they wouldn’t have financially benefited from it would they have passed that legislation if they weren’t going to personally profit from it that’s the concern and unfortunately you know we we

Can’t say what their real intentions were maybe they would have passed it anyways maybe maybe that’s how they justify it in their minds right I was going to do it anyways I was going to do it anyways why not benefit an American company right well the issue is of course the

Concern over whether that is the case and one of the reasons why these laws are in place is to make sure that these legislation is not being passed for the purpose of individual gain that anti-corruption laws are in place for that exact reason and also to eliminate the problems of insider trading which

Are problematic it’s a financial crime a very serious Financial crime and here you have individuals doing things that again we would be arrested for if we did now look on this let me show you what Daily Mail had to say it says as her fellow Democrats have called for the

Banning of stock trades by members of congress former Speaker of the House Nancy Pelosi saw a 65% return on her investments in 2023 that’s a lot of money that is a very like ridiculously good return on investment that means you you know you have came close to you a 50% doubling

Your your investment if you put $100 in you made 50 you made 50 bucks for every hundred you put in right more than that actually it’s well 65 right it says Pelosi came around on the ban but initially defended the practice she’s saying hey you know why not leading to

Senator Josh Howley introducing the preventing elected leaders from owning Securities and Investments also called the Pelosi act which might have been directed at Nancy Pelosi and that was 2023 and notably that is still not passed and we can assume that maybe members of Congress yet again are deciding to not engage in the

Legislative process because they’re financially benefiting from it and again that is the concern of corruption that they can when you control the levers of the law and you’re using the law in ways to personally profit and benefit you’re not going to turn those levers in a way that might

Close a loophole that’s letting you get r Rich that is one of the serious issues with this and not the longtime Democrat Congresswoman Nancy Pelosi got a 65% return on her investments in 2023 well over double the SNP 500’s overall 24% gain she more than doubled the gain

From S&P 500 how is that even humanly possible without engaging in corruption or insider trading right notes that that’s an even bigger return than than in December when dailymail.com used a tool dedicated to tracking her investment revealing her her portfolio returned a remarkable 50% in the previous 12 months and I

Again I’ll emphasize that when people caught on to this you had two reactions on one side you had people saying oh my gosh how can our government be so ridiculously openly corrupt that something like this could happen happen and the other side of people said hey

Why don’t I just buy the stocks Pelosi buys and get stinking Rich because she’s better than the S&P 500 why why am I investing in the S&P 500 when Pelosi is doubling their profits she’s you you will profit better from just mimicking the Investments of her and her husband

Right now look Pelosi was pressed on this before and this was how she and others responded to it the hill said this when asked about a business Business Insider report finding that dozens of lawmakers and staff had violated a law to prevent insider trading Pelosi last week said they should all abide by

Disclosure laws but maintain quote we are a free market economy they should be able to participate in that the issue is they’re violating the laws not that they should be able to you know participate in the market in response representative AB Abigail spanberger tweeted quote no I

It cannot be a perk of the job for members of Congress to trade on access to information representative Dean Phillips one of the wealthiest members of Congress thanks to his business career it says that included leading his family’s Distillery as well as the gelato Brad tente echoed quote I

Disagree with the speaker he’s engaged notably in legitimate business not insider trading it seems and representative Andy Kim who represents one of the most competitive districts in the nation wrote that I disagree strongly with Pelosi stance in other words not all members of Congress are doing this many of them have serious

Objections to it this is across political aisles there are Democrats and Republicans involved in this type of activity and there are Democrats and Republicans very much opposed to this activity and notably Andy Kim added Americans are losing trust in government and we need to show we serve the people

Not our personal slol political self-interests cuz that’s the concern again how do we trust the government how do we trust these individuals to make decisions that are beneficial to the people that they are sworn to represent you know representative democracy akaa Republic is based on the idea that we

Select individuals to represent us in the Democratic process which is what members of Congress are Republicans or sorry uh members of the of course House of Representatives and senators and of course if it seems that they’re not representing us and instead representing themselves passing legislation to you

Know profit and get rich financially it raises concerns over well who are they representing and are they doing this only because they want to get money or are they doing it because they actually want to represent the American people now interestingly even representative Alexandria a AO Cortez who has said it

Says here that she does not hold any individual stocks or digital assets reiterated just recently she thinks the letting members of Congress trade individual stocks is a bad look and she said there’s no reason members of Congress should hold and trade individual stocks when we write major policy and have access to sensitive

Information and AIO Cortez added there are many ways members can invest without creating actual or appeared conflict of interest like Thrift saving plans or index funds now look I mentioned before there are some investors who were like opportunists they’re like gez uh Pelosi is better than the S&P 500 I’m G to I’m

Going to put my money behind Pelosi if she buys something I’m buying it if she sells something I’m selling it and people who did that were making a lot of money to the point where some of them were even being you know accused in some regards of possible insider trading

Because how are you going to do like two to three times better remember like S&P 500’s like 23% uh you know 23% profit Pelosi is like over 60% how are you going to you know do that without raising some alarms now it’s still going on in fact there are trackers online

Where people are following the Investments of Pelosi and her husband they’re making a lot of money on it but you know this is Raising concerns over whether that is legal okay you know again we talked about what insider trading is versus corruption insider trading corruption is when the individual directly engaged

With the deal is of course has the authority to pass it and you know open the floodgates and of course before passing it decides to take moves to benefit financially as they do this that’s corruption right insider trading is when you make those Investments beforehand which would be included

Within the corruption but could also extend to the people watching it and so again if the neighbors or friends watch this happening and they’re like gee uh I better get invested in that because this is my Insider Source telling me that this deal is about to happen I better

Buy this stock it’s raising concerns over hey Nancy Pelosi has to publicly disclose her Investments right we have insights into it and because a lot of us suspect that hey maybe she has some back room you know knowledge on this she’s engaging possibly in insider trading why

Don’t I do the same thing why don’t I also buy that and of course people do it and they they get rich off it interestingly there’s there’s questions now of well is that insider trading when people are just watching public disclosures of congressional Financial reports you know if you’re just watching

Like the public disclosure forms is your is your reference of what to invest in does that constitute Insider trading based on your suspicion that these people are corrupt again that’s a question we haven’t really faced as a society yet that that’s actually something we’re kind of grappling with

Right now uh because it is kind of possible that you could be arrested for doing that um again which raises other questions of why are they not being arrested for doing it right but also look how is it that we can have legal exceptions how is it that we can have

Two sets of laws rules for the but not for me and of course when they pass legislation on the said punishments when they violate the law and they say you know what I don’t believe I should go to prison I believe I should pay a $200 fine maybe a a glorified parking ticket

For my multi-million doll investment in 65% profit margins you know $200 that doesn’t sound too bad for that well it raises other concerns though that some people are being permitted to violate the law you have a two- tiered justice system and that’s of course one of the big

Discussions we’re having as a country right now and other regards there’s concerns that there’s a two-tier justice system between Republicans and Democrats uh because there’s concerns the Biden Administration is weaponizing the arms of Justice against his political enemies there are for example you know Trump trump gets arrested for taking home

Classified documents and we know that Bill Clinton did the same thing smuggling them out in his socks literally in his socks we know that Barack Obama did it we know that Joe Biden did it when he was still a senator so why is he not going to you know be

Getting arrested just like Trump was why is his home in Delaware not being raided like Trump had maril Lago rated why do we have rules being applied in one sense and not in another sense and you know this is one of the I think major issues

That has come up that is making people concerned about the Integrity of our government and of our legal systems we’re wondering whether Lady Justice is still wearing her blindfold we’re wondering is you know is Justice actually just anymore and how is it that you can have some people permitted to

Violate laws remember as well that’s one of the arguments right now with presidential immunity you know the Supreme Court’s hearing this case on whether Donald Trump the former president of the United States and one of the leading political candidates in the country has president ual immunity that would have allowed him to take

Actions when he was president that you know are now being deemed as crimes taking home you know classified documents uh of course you know holding protests on January 6 and so on and if Trump of course is is not able to have presidential immunity well what does

That mean in other regards remember the argument for that is you know what if he’s guilty he’s guilty we have to have systems of rules and laws and it doesn’t matter if you’re member of Congress or the president of the United States the rules apply to you but we’re seeing here

A very clear example that no that’s not the case the rules that apply to you and I and most people in the country do not apply to the people in power they’re able to do things we cannot do they’re able to do things that got Martha

Stewart thrown in prison you know what I mean and obviously we do have a two-tiered system of justice that is being allowed to to you know exist and of course there are deeper problems as well of whether some of them may pass legislation at a financial interest that

This is not even just an issue that this is beyond the issue of what you know two-tier Justice and Beyond the issue of insider trading that this could be actual political corruption that government is being co-opted by financial interest that lobbyists and again members of Congress holding these

Committees and ordering people to test testify before them heads of major businesses having meetings with International leaders that beneath these meetings beneath the legislative investigative committees beneath the laws being passed legislations there is something else that being that they’re not just doing it for the good of the

Nation or based on what’s best for the world or based what’s best for their constituents but instead of best what’s best for them personally and when they pass something or you know make a back room deal with a business leader or whatever else or pass legislation to subsidize an industry that they know

They can profit from it and make a lot of money on it that is what corruption is and again that’s where the concerns of actual legalized corruption are coming in with all of this uh coming in notably through a loophole within this system and there are now members of

Congress again from both sides of the aisle Republicans and Democrats who are calling these out and criticizing it you know I mentioned you know AOC kazio Cortez is criticizing it you know the figurehead of the democratic socialists of America even John fedman who has been actually making headlines recently

Because he’s voting very much in line with Republicans suddenly John fedman criticizes back in 2022 let me show you what he had to say says Pennsylvania Governor the hill said this John fedman and he’s a senator now by the way of course he urged Congress to ban lawmakers their

Spouses and their senior staffers from Trading stocks because again it’s not just members of Congress it’s the individuals around them because remember insider trading is not just the individual it’s the individuals around that person who may be able to get those insights it’s not just members of

Congress being able to legally engage in insider trading it’s people around them their spouses engaging in insider trading senior staffers engaging in insider trading and this little club that is able to violate laws that you and I cannot fedman said that allowing members of Congress and their spouses to

Trade stocks is a clear conflict of interest lawmakers should not be making profits off of the same companies they are supposed to be regulating based on closed door information that is not available to the public the hill notes that in a recent poll 76% of Voters Express support for Banning members of

Congress from Trading individual stocks including 70% of Democrats 78% of Republicans and nearly 80% of Independents in other words this is bipartisan the American people don’t want this to happen and so if 70% on the lowest margin of Democrats don’t want this 78% of Republicans don’t want this

And 80% of Independents don’t want this then why are the repres Representatives representing these voters not taking action to ban it and again the concern with that is that the reason they are not listening to their voters listening to their constituents 7078 80% the majority the reason they’re not doing it

The concern is that because they are corrupt they are getting money from it and they do not want to take actions that would harm their personal interests because as Representatives they are representing these people and they’re not doing it in this case and notes it lawmaker stock trades Drew unprecedented

Scrutiny after Senator Richard Burr and others unloaded Securities just before the Corona virus pandemic ravaged the market in early 2020 and since then Business Insider identified more than 50 lawmakers who violated Congressional stock trading rules Rules by failing to disclose their transactions and look we all know what

Happened during Co we all heard the statement never let a good crisis go to waste and we now know that many of these members of Congress engaged in stock trading activities before and after that that benefited themselves financially from that crisis and meanwhile Texas right now is doubling on on border

Security another story here I want to talk about briefly they’re talking about border security at the US Mexico border because guess what has happened the Biden Administration different topic they have made it so they can legally dismantle border barriers for jump into that though the Border issue is still ongoing now look

Did you all see in New York just recently that one of the wealthiest neighborhoods in the city turned into a giant toilet as migrants who were waiting for shelter left and sorry to be crude they were leaving cups of human feal matter on people’s doorsteps uh because presumably they don’t like just

Defecating on the ground they do it in cups and for some reason they’re leaving it on people’s doorsteps so what’s behind this influx in migrants and why are they doing this in New York and what are we not being told about it well look I actually covered a lot of these topics

In a feature called border deception and I went to the US Mexico border I went to the US side the Mexico side and most importantly I investigated who is behind it and we exposed the United Nations and US Government hand in the whole thing let me show you the trailer before we

Get into more updates on the border and for those of you on YouTube notably don’t worry you won’t be jumping from YouTube but if you want to see my special feature on the border it’s only available on Epic TV link to that in description and live chat I’ll see you after the

Trailer what use is a wall if the migrant crisis is is being facilitated by the United Nations working with NOS many of the people that can’t get visas to come like start off in Mexico they start in South America is this a coordinated effort and if so what’s the

Motive families coming across claiming Asylum because they had children but there was the same children every Week they started testing DNA to make sure that the children were in fact Children of the parents 30% weren’t what’s really happening at the US Mexico border these are all human smuggling cases from the past couple weeks what caused the US policy shift from Mass immigration now remember you can only

See that documentary on Epic TV EP tv.com Link in the description let’s go go into what’s happening at the border and we’ll go into some questions all right brief background Texas was installing barbed wire border barriers they were putting uh things in the water to make it so migrants couldn’t swim

Across and enter the United States illegally they’re getting shipping containers trying to build walls with that to deter and prevent the unlawful entry into the United States and Texas also started up a new initiative where in absence of US Government border security they said you know what the

Government is delinquent on its duties the federal government and so the state government needs to fill the fill the goal I fill the Gap and they made it a crime to illegally enter the state of Texas from another country they make it so that they can Deport these individuals and criminally charge them

If they do that and as part of this initiative Texas has begun again putting in Border barriers now the bid Administration sued Texas the state of Texas Texas and the Supreme Court just recently heard a case on this and the Supreme Court in a 5 to4 ruling that

Words it barely passed determined that the federal government does in fact have the legal ability to cut the barbed wire fences meaning the Biden Administration is now able to go into Texas and remove border barriers to help facilitate the open border policies of the Biden Administration now Texas meanwhile on

This came back right after and said you know what we’re not going to comply and Breitbart said this the Texas Military Department says it will continue to hold the line in Shelby Park in their efforts to deter and prevent unlawful entry into the state of Texas under operation Lone

Star orders from the governor governor Greg Abbott the Texas National Guards actions continue despite a second demand letter from the Department of homeand Security to Release Control of the park seized by the state earlier this month now Greg Abbott is saying sorry TDM officials are saying we remain Resolute

In our actions to secure our border preserve the rule of law and protect the sovereignty of our state that’s in Texas now brief update on that uh of course the Biden Administration is now trying to override Texas refusing to comply with this new order and because of this there are

Democrats now calling on the Biden Administration to activate and take over the Texas National Guard this is creating a massive constitutional crisis on par with what started the Civ the Civil War I’d say uh because the argument is around state rights to what extent does the federal government have

Authority over States especially in this case different from the Civil War when the federal government has become delinquent on a key security issue that is causing the abuse of the American people Mass migration people leaving poop and peac cups on people’s doorsteps unregulated crime you you’ve had break-ins and murders and high-speed car

Chases Americans are dying in in in the numbers of a major war from fenel you’re looking at like 70,000 or more deaths a year from you know drugs and overdoses all of which is being facilitated through the open border policies and as Americans are dying in war numbers as

Americans are unable to afford houses because there’s more competition for housing is we’re having to subsidize free homes and free cars and free health care and free everything else for people violating American law and as the federal government is working hand in glove with the United Nations to

Facilitate this there are issues now of whether the federal government one is you know Cahoots with it why they’re doing it is one of the big questions still but also the fact that while they’re delinquent in their duties they’re not only doing that but preventing a state from trying to

Protect its borders and this currently as it stands is the Constitutional crisis we’re in at the moment uh the way this turns out is still going to be unknown but this is this is a serious issue uh we’ll see how this goes especially notably as the US is getting

Pulled into possible Wars Against Terror groups uh Biden has made some War declaration acts on the sidelines with the houti rebels uh backed by Iran and there are concerns of you know terrorists flooding the US border and illegally entering the US and again the open border policies are facilitating

That all right folks that said let’s jump into some questions let’s see here um Ron you’re saying isn’t this the one second isn’t this the kind of stuff the Roman Republic was accus acced of in its decline yeah actually across the board uh the Roman Republic had transsexualism the Roman Republic had of

Course border security issues with you know the roming uh the Germanic tribes those barbaric Germans uh they had issues with that uh the Romans had issues of of course you know just rampant corruption the corruption of the Senate especially during the during the Roman Republic era and you know

Personally I’d say America in terms of politics in terms of the the problems of upper tiered corruption versus the interests of the average citizen and in terms of the other problems we’re facing we’re at a very similar juncture right now as the Roman civil war with the rise

Of Julius Caesar and the crossing of the Rubicon and the overthrowing of the Roman Republic and the ushering in of the you know Roman Empire that the the you know the Senate came to Rel relatively came to to an end uh America if you were to compare you know the

Situations we’re at a very similar juncture as Rome during this during its Civil War um it’s fascinating stuff actually if you want to read some great books that by the way I recommend farsala by Lucan one of my favorite books it’s a poetic a poetic writing of

The Roman Civil War um it’s on par I’d say with the Iliad or the anid it’s fantastic and relatively forgotten book written by Luke in about I believe like 100 years 100 BC roughly it’s it’s very good um also uh you can read of course Caesar’s writings on the Civil War which

Are just titled Civil War uh Miss Terry yes you’re saying what the heck is going on in NYC I I have to wonder myself Mr I I don’t think our elected officials even know what’s going on in NYC I I I think I think I think we we’ve lost intelligence we’ve lost

Intelligence there’s there’s no more intelligence uh there’s no more intelligence analysis New York City has lost all intelligence and we’re spiraling out of control kening through space without any clear Direction um the city’s falling apart basically uh because of the mass migration issue and of course New York law which forces the

Governor uh forces the mayor to you know give free hous to every single person if they can’t afford it uh is causing the city to become bankrupt and as the city is becoming bankrupt they’re asking the federal government for money you know it’s it’s it’s like do you know how you catch a

Monkey or you catch a raccoon it’s very similar actually it’s so it’s kind of so messed up that it’s it’s debatably ethical uh you ever read the book what was it Where the Red Fern Grows as a kid where the kid has these hound dogs and

He’s hunting raccoons and you know he he finds a trick where you can catch a raccoon and what you do is you get a box that’s big enough for the raccoon to stick its hand into and you put a little shiny object on the other side of it and

When the raccoon opens its hand and grabs the object it finds that it cannot pull its hand out and that tiny furry creature uh will not including in the face of death just let go of that thing and pull its hand out and so there are

Hunters who you know go and catch them and Club them and you know get their Furs using that method and a lot a lot of hunters have moral issues with that same thing with monkeys you can put a banana in a box and the monkey will not

Let go of that dang banana and I’d say the Biden Administration with you know open borders and all these crazy laws that are bankrupting all the Democrat Sanctuary cities they just won’t let go of that dang banana they they just want that banana and uh you know as as

Reality is is lurking through the hill coming towards them they just won’t let it go they’re not letting it go and look we talked about’s happening with Texas and Texas saying I I’m not going to comply come and take it come come and cut my barbed wire fence and see what

Happens this is Texas you know that’s essentially what they’re saying to the Biden Administration uh they’re calling them out if Biden mobilizes the Texas National Guard and undermines Texas like State sovereignty this is going to be a constitutional crisis during an election season where it looks like Biden is

Walking in the in the footsteps of like you know uh musolini or something like that it’s going to look so bad for him that it would be politically devastating and um regardless of what happens if other states follow in the footsteps of Texas and say hey we’re

Going to secure our borders too because it’s bankrupting us there’s nothing we can do about it this even is even even Democrat States notably are you know calling for more border security because they can’t afford the crisis that’s been forced upon them um we’re heading into really something pretty dang serious and

It’s going to create a crisis for Joe Biden as we enter the 2024 elections this is this is overshadowing all the Trump charges and 14th Amendment argument and all that of this stuff people care a lot about this including in very liberal neighborhoods because in in nework York where they have the issue

Of the migrants leaving poop and peac cups on people’s doorsteps that’s like one of the most leftist strongholds in Manhattan that’s like one of the strongholds of like the Democrat voting base where illegal aliens are leaving poop cups on their doorsteps how do you think they’re going

To vote if if that’s happening right this this is the problem they’re facing Biden nomics 2024 boycott you’re saying have you considered the massive immigration to be part of a soft coup suggested by Dr Moss like Netflix Leave the World Behind should Biden fail to succeed this November do you think they

Can take us out street by Street like like in Israel once this networks the networks are blocked um without a doubt I do believe we’re having two or several crisis take place with mass illegal immigration one of them is that the illegal aliens coming here uh they’re indebted to Human traffickers they owe

They owe money to them and there’s different types of human traffickers I I had an interesting conversation with some folks on this recently if you get trafficked by the Russian mafia you know you might have to pay off your debt if you’re a woman you might have to engage

In prostitution for a while until your debt is repaid after it’s repaid you’re scot-free you can go if you get trafficked by the snakehe heads under the Chinese Mafia you’re a slave for life you have to work in a Chinese restaurant you have to work in a

Prostitution house you have to work in a garment Factory even if you flee you come to the US you’re a slave for Life the Mexican cartels and the human traffickers of the Border they’re kind of in between I’ve heard mixed things about them uh but what is happening

Right now is that the illegal aliens owe huge debts to these people they have to give them monthly payments and if they do not make those monthly payments these human traffic ERS in Mexico the ones ironically you know financially benefiting from Joe Biden and the Democrats and the United Nations these

Human traffickers will kill the family members of the illegal aliens here and remember because they’re the ones running the Disney lines you know to get across the border they even give wristbands and the wristbands will even state which Cartel is facilitating it it’s insane um I I I’ve personally seen

These wristbands cut at the border when I I was investigating it um they again these people are indebted to them and they have to pay monthly payments and so you’ve had issues of illegal aliens going door too begging for money you’ve had issues of illegal aliens engaging in

Crime and remember one of the problems they have is they cannot legally work um you know it’s hard for them to get jobs and there’s there’s a lot of competition for it and so in order to get jobs they have to steal somebody’s identity uh they do identity theft and course get

Social Security numbers and do that and that’s raising questions of their own a lot of them are not working at all and again as that happens they have to make money so what are they doing well look if you’re indebted to the cartel a drug trafficking and human trafficking and

Murder For Hire organization and you’re like hey I need money and they say hey I got a way for you to make money what do you think is going to happen you’re going to have organized crime in the United States Skyrocket to levels unimaginable levels we could have never

Possibly thought of before uh because you’re not talking anymore about you know let’s say Italian immigrants coming here and having to protect their communities and get protection money right like the mafia you’re talking about hundreds of thousands of people every single month illegally entering most of whom will be indebted to some

Form of human trafficker and maybe not all of them will have to deal with this type of thing but I guarantee you’re going to watch prostitution Skyrocket in the United States in fact I’ve witnessed it in New York uh there are women openly soliciting themselves on the streets now

Don’t believe me go to Jackson Heights and queens and you can see it personally I’ve seen gangs charging people for Subway swipes where if you want to use the subway toll you have to pay the gang money and they swipe you through uh I’ve seen personally we have open robberies here

Constantly you’ve had gangs doing just Smash and grab operations against brick and mortar stores the drug trade is going to Skyrocket and I’ll tell you my big concern is that most of this crime is limited Within These communities currently very soon it’s going to start spilling

Over and I I would imagine you’re going to start seeing a lot of human trafficking you’re going to start seeing a lot of kidnappings a lot of sex trafficking you’re going to start seeing fenal deaths skyro rocket drug use the drug markets are going to become extremely lucrative because you have a

Lot of people who don’t have to work and they have a lot of free time and they need something to do in that free time uh I guarantee you we’re going to see rule of law take a nose dive in this country and as that happens um I I

Believe we’re going to see spill over of those abuses and then probably a lot of violence now the other question is well what about terrorism uh there are terrorist groups openly infiltrating the the US Mexico border in fact Hezbollah has a very heavy presence in Latin America as does Iran and we’ve already

Seen cases where individuals Crossing are known and very prolific terrorists who have included who have even spent time in prison there have been videos of some of these individuals um we’re going to start watching the possibility of fifth column Terror attacks in the United States where sleeper cells Hezbollah maybe

Other groups are activated and begin carrying out Terror attacks I guarantee you this is going to become a real serious problem for us very soon um especially as the war in the Middle East Israel Hamas uh Iran getting pulled in pulling itself into this now and the possibility of that whole thing blowing

Up pun not intended um it’s going to get it’s going to get bad I’m just being honest with you all and um also there’s just the issue as well of you know possible U color Revolution remember one of the the big things also being done

Right now NBC News had a story on it the left is preparing for the possibility of Return of Donald J Trump and one of their concerns is that when Trump comes back into office he’s going to Institute martial law part of that will be to facilitate the mass deportation of every

Single illegal alien in this country he’s saying is going to on day one do this now to do that he’s going to have to declare martial law very likely and then start a mass Deport operation using the US military the other concern is that as part of that act of Martial law

And I’m not saying this on some like conspiracy theory thing you you can go to New York Times and stuff and see them concerned about this uh is that they also are talking about using the court the military court system to do anti-corruption purges in the US go after corrupt officials and other

Individuals now the powers that be are worried about that and very likely trying to save their own heads from the guillotine uh they are trying to take action right now to pass legislation that would forbid the president of the United States from activating the military in the case of an Insurrection

Because the president can declare an Insurrection we’re we’re under attack from forces within we need to activate the military to put down this threat they’re trying right now to make it so the president cannot do that and imagine what that could mean in the future you could have an actual Insurrection take

Place launched by one political party and unless you can get both branches of Congress to take action to pass legislation to Grant the president the right to mobilize the military well nothing’s going to be done and so that will open the doors to what I would

Believe would be a coup d’a that you can have an actual color Revolution that the president would not be able to do anything about to stop and that’s where we are right now with this um personally I I don’t think it’s going to get that bad Trump has an interesting way of

Pulling uh pulling some good oldfashioned Judo on these folks I don’t know how he does it but uh I think I I don’t think it’s going to be possible for them to to do what they’re planning on doing frankly and I think more more likely than not the crazy policies and

Crazy actions taking place will very likely have an opposite effect I I think already we’re watching that the craziness of the things we’re witnessing are causing people to ironically turn against them people are witnessing what these policies lead to and they’re going to be voting the other way around uh

Come 2024 which is interesting state to be in all right folks thank you so much for being here uh real quick as well check out the special feature I did border deception where I went to Mexico I went to the US side us side of the Mexico border and I investigated who is

Really behind the Border crisis an important feature all right folks Link in the description below and in the description thank you so much for being here and as always I will see you tomorrow please take care of yourselves stay informed and stay free thank You

Video Title: Insider Trading in Congress Criticized as Legalized Corruption
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Video Date: 2024-01-25 10:38:32
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Tags: alteringcongresscriticizedelected officialsformsgeneratedgrantedInsider Tradinglawslegal exceptionslegalizedmembers of congressstockstock marketstock tradingsuccesstradingunfair advantagewealth
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