Latest / Gil I Am / Insider Trading? Tucker on Nancy Pelosi, Dan Crenshaw, and How They Get Rich at Your Expense
Transcript
- 0:01Speaker 1: Good morning everybody. That is this Gil. And today I
- 0:04Speaker 1: found an article that Tucker Calson interviewed this guy who
- 0:09Speaker 1: started an app called a Trade Like a Politician or
- 0:16Speaker 1: something of that nature, where it tracks what politicians are
- 0:19Speaker 1: done to get rich. And in this interview they talk
- 0:23Speaker 1: about how Nancy Pelosi, Dan Crinshaw and just about ninety
- 0:28Speaker 1: five percent of all Congressmen, senators, etc. Are getting rich
- 0:34Speaker 1: at our expense. So I hope you guys enjoyed. Please
- 0:37Speaker 1: let me know what you think. I'll give you a
- 0:39Speaker 1: synopsis at the end. But I think it's just bullshit.
- 0:43Speaker 1: I don't believe that. I believe there should be term limits,
- 0:45Speaker 1: and I also believe that they should not be allowed
- 0:47Speaker 1: to trade on anything in front of the House or
- 0:51Speaker 1: Congress or.
- 0:54Speaker 2: That's just how I feel.
- 0:55Speaker 1: I think it's just evil that Nancy Pelosi has a
- 0:59Speaker 1: fifty eight percent return on the investments and most people
- 1:02Speaker 1: give four percent. So this Gill, let me know.
- 1:05Speaker 2: What you mean later. So Nancy Pelosi stock tracker is
- 1:08Speaker 2: one of those things that I first saw on X
- 1:10Speaker 2: on Twitter and I thought this cannot be This is
- 1:13Speaker 2: obviously fake. In fact, I didn't even consider for a
- 1:16Speaker 2: second that it could be real. And then I was
- 1:18Speaker 2: sent it by a buddy of mine and who spent
- 1:20Speaker 2: thirty years on Wall Street. If you've seen this, and
- 1:22Speaker 2: I was like, is this real? It's like, it's totally real.
- 1:25Speaker 2: We're just talking off camera. It's like, at fifty five,
- 1:28Speaker 2: it's shocking for me. It's hard to accept how corrupt
- 1:33Speaker 2: leadership of the country is. I almost can't metabolize it.
- 1:36Speaker 2: But I don't think anything has put it into clearer
- 1:39Speaker 2: relief than what you have done. So you run it
- 2:03Speaker 2: Sposi stocktrackers. It's incredible. I'm first, I'm real, glad to
- 2:06Speaker 2: meet you. Yeah, no, and should know that you're real.
- 2:09Speaker 2: Who are you? Where are you from? How'd you? How'd
- 2:11Speaker 2: you do that?
- 2:12Speaker 3: How the whole thing start? I mean, I'm twenty nine.
- 2:15Speaker 3: Now at twenty five, would I say that, you know,
- 2:18Speaker 3: looking five years from then, I'll be running a Pelosi
- 2:21Speaker 3: stock tracker, building an app with the slogan invests like
- 2:23Speaker 3: a politician, having that thing become a thing. I no,
- 2:27Speaker 3: I don't think I would have ever gotten to that.
- 2:30Speaker 3: So at twenty five, I was actually living in Bali.
- 2:32Speaker 3: I quit my New York City job when I was
- 2:34Speaker 3: doing finance and I started working on my family company
- 2:37Speaker 3: where we would sell sports compression products, yes, like little
- 2:40Speaker 3: ones with numbers on them, a custom ones that you
- 2:42Speaker 3: would get for your kid for you know, pee wee football.
- 2:45Speaker 3: And I was so sick of the finance grind in
- 2:47Speaker 3: New York that I was like, I'm gonna work on
- 2:48Speaker 3: this family thing. I'm going to try and take it
- 2:50Speaker 3: up to another level. I'll go travel around, move to
- 2:53Speaker 3: BALI was doing working out there for probably like six
- 2:56Speaker 3: or seven months, moved back to Boston is where I'm from.
- 3:01Speaker 3: Then went up to New Hampshire, became a snowboard instructor,
- 3:04Speaker 3: was working on the ski slopes. Yeah, there's a whole
- 3:07Speaker 3: story behind it. Was working on the ski slopes as
- 3:11Speaker 3: a snowboard instructor. Were Bretton Woods. Ye, great great mountain,
- 3:15Speaker 3: very family family and this is my punt. We're all
- 3:17Speaker 3: up there. And then when COVID hit moved back into
- 3:20Speaker 3: my family and then that's how I connected with my
- 3:22Speaker 3: co founders, Brian, Aaron and Scott. They're out in LA
- 3:25Speaker 3: And there's a whole story on how I essentially connected
- 3:28Speaker 3: with them, which we can get into. But we started
- 3:31Speaker 3: building an app together and long story, short I'm sure
- 3:34Speaker 3: we'll get into the majority of this stuff. We essentially
- 3:37Speaker 3: built out on a tech side, the first way to
- 3:40Speaker 3: follow your friends stock portfolios. So if you had a
- 3:42Speaker 3: Robinhin and I had a wee Bowl or a Fidelity,
- 3:44Speaker 3: we would connect it to our app and you can
- 3:46Speaker 3: get push notifications of when you know a trade would happen.
- 3:49Speaker 3: I was the co founder of it, and I was
- 3:51Speaker 3: in charge of the growth. And one obvious way to
- 3:53Speaker 3: do it, this was during the GameStop era, was let
- 3:57Speaker 3: me build a Nancy Pelosi portfolio. You know, I'm seeing
- 4:00Speaker 3: on Twitter, I'm seeing on TikTok, I'm seeing on Instagram
- 4:03Speaker 3: politicians crushing it and them getting called out for their trades,
- 4:07Speaker 3: especially during COVID.
- 4:08Speaker 2: You know, well, I never will forget it. Yeah, you
- 4:11Speaker 2: covered it, Richard Burr, and I knew Richard Burr. I
- 4:14Speaker 2: was never against Senator Richard Bird North Carolina, and I
- 4:17Speaker 2: saw that and it was it looked like corruption to me.
- 4:20Speaker 2: I was disgusted.
- 4:22Speaker 3: They got investigative by the DJ, investigative by the SEC.
- 4:25Speaker 3: Nothing happened, and that story is insane, and I think
- 4:28Speaker 3: that story was where it really started to.
- 4:30Speaker 2: Can you just give us the outline of it for
- 4:32Speaker 2: people forget.
- 4:33Speaker 3: Yeah, so Unusual Whales he's an account on x He
- 4:36Speaker 3: was the one that initially started all this, so the
- 4:37Speaker 3: Pelosi Tracker came him. Yeah, yeah, yeah, we work with him.
- 4:40Speaker 3: He great guy.
- 4:42Speaker 2: I love. I don't know his name or anything about him,
- 4:45Speaker 2: but I love that feed.
- 4:46Speaker 3: Obscure guy doesn't want the world to know about him,
- 4:49Speaker 3: but he actually takes deserves so much credit for this stuff.
- 4:52Speaker 3: I don't think anyone would be unusual win Usual Whales
- 4:55Speaker 3: on Twitter. Yep, he is the one that would essentially
- 4:58Speaker 3: call him out. At the beginning, he started the Pelosi
- 5:01Speaker 3: Tracker in a way, he was calling out the politician stuff.
- 5:04Speaker 3: And then the Policy Tracker came probably in twenty twenty two,
- 5:06Speaker 3: but he started in twenty twenty and I think Richard
- 5:10Speaker 3: Burr that whole story started because Unusual Will started calling
- 5:13Speaker 3: it out. The story behind the Richard Burr is around
- 5:16Speaker 3: his COVID trades and it was a full on scandal.
- 5:18Speaker 3: You covered it at Fox News. The story is. On
- 5:22Speaker 3: February seventh, twenty twenty, he wrote an op ed with
- 5:26Speaker 3: another senator saying, Hey, Americans, don't worry, COVID's not that bad.
- 5:31Speaker 3: We're keeping an eye on it. Everything will be okay.
- 5:33Speaker 3: While he has and writes that op ed, he's getting
- 5:36Speaker 3: insider kind of details because he sat as the chairman
- 5:41Speaker 3: of the Senate Intelligence Committee while he was writing that opped.
- 5:44Speaker 3: So while sitting as the chair of the Senate Intelligence Committee,
- 5:47Speaker 3: he's getting private meetings saying, hey, guys, COVID is actually
- 5:50Speaker 3: way worse than we think. This is not going to
- 5:52Speaker 3: end the same way that people expect. Be ready for
- 5:56Speaker 3: some sort of rapid response.
- 5:57Speaker 2: And the head of SCI the sentence, like many unintelligence
- 6:01Speaker 2: is a major player, and why that's he's not just
- 6:04Speaker 2: an average senator, Like, that's a very important position in
- 6:08Speaker 2: Washington and this country in the world, and so he
- 6:10Speaker 2: would have access to a lot of information that fellow
- 6:13Speaker 2: senators wouldn't have access to exactly.
- 6:15Speaker 3: And he was tasked with partly like get ready for
- 6:18Speaker 3: a response, you know, like, once COVID hits, we think
- 6:21Speaker 3: this is going to be bad, get ready for a response.
- 6:23Speaker 3: Have the like your materials ready to tackle this situation.
- 6:28Speaker 3: So he probably knew this verity of it to a
- 6:31Speaker 3: ten x what the everyday American and also probably what
- 6:34Speaker 3: other senators and representatives did as well. So if you
- 6:38Speaker 3: follow the timeline, though, February seventh is when he wrote
- 6:40Speaker 3: that op ed. February thirteenth is the day that he
- 6:44Speaker 3: went and he sold off one point sixty five million
- 6:47Speaker 3: dollars of his entire retirement account. So a week after
- 6:50Speaker 3: he told the American yeah, not only just a normal
- 6:53Speaker 3: kind of investment account, as a retirement account, he sold
- 6:57Speaker 3: the whole thing.
- 6:58Speaker 2: Is it fair to say for non investors, just to
- 7:00Speaker 2: inform the rest of us not familiar with the details,
- 7:02Speaker 2: just sell if your retirem accounts, like you're not dicking
- 7:04Speaker 2: around with.
- 7:04Speaker 3: Them, no, no, no, no, yeah. The retirement account is
- 7:07Speaker 3: something you don't touch, Like those are the simply buy
- 7:09Speaker 3: and holds, you know, never touch them forever. But selling
- 7:12Speaker 3: off that to that degree is extreme, and I think
- 7:16Speaker 3: is what caught a lot of people's attention of like,
- 7:19Speaker 3: you don't just do that, you know what, Yeah, you
- 7:21Speaker 3: don't just do that while you're the chair of the
- 7:23Speaker 3: Senate Intelligence Committee, you know. But to make this this
- 7:27Speaker 3: is why, this, this is what I get passionate about.
- 7:30Speaker 3: It's like, I'm not even a political guy, Like I'll
- 7:32Speaker 3: tell you the whole story of how this started. I
- 7:33Speaker 3: didn't grow up being obsessed with politics. I just citizen
- 7:37Speaker 3: journalists kind of see the opportunity to be like this
- 7:39Speaker 3: fucked up, we should stop this. The story, though, then
- 7:43Speaker 3: goes February thirteenth. He sells off one point sixty five million.
- 7:46Speaker 3: Thirty minutes later, he calls his brother in law, and
- 7:50Speaker 3: him and his brother in law have around a two
- 7:51Speaker 3: minute conversation. The brother in law hangs up the phone,
- 7:55Speaker 3: calls his financial advisor. His financial advisor doesn't pick up.
- 7:59Speaker 3: He then calls his second financial advisor, they pick up.
- 8:03Speaker 3: They have around a thirty second conversation. He then goes
- 8:06Speaker 3: off and sells off two hundred sixty five thousand dollars
- 8:09Speaker 3: of his own portfolio. So now you got the senator
- 8:13Speaker 3: who's the head of the Senate Intelligence Committee calling up
- 8:16Speaker 3: his brother in law, them having a conversation, and then
- 8:18Speaker 3: the brother in law going and selling off thirty seconds
- 8:21Speaker 3: after that conversation. Now I don't that's sketchy as hell
- 8:25Speaker 3: to me.
- 8:25Speaker 2: The weird thing is that I know the brother in
- 8:27Speaker 2: law was my neighbor and a super nice guy, and
- 8:30Speaker 2: I sort of knew Burr, not really but kind of,
- 8:32Speaker 2: you know. And so when you live and I'm only
- 8:36Speaker 2: saying that it's not unusual that I would know them
- 8:38Speaker 2: because I lived in Washington my whole life. But that's
- 8:40Speaker 2: kind of one of the reasons we have all this corruption,
- 8:42Speaker 2: is that everyone knows everybody else. Yeah, yeah, yeah, And
- 8:44Speaker 2: it's just impossible to believe that someone whose house you've
- 8:46Speaker 2: been at many times and I have, would do something
- 8:49Speaker 2: like that. It's just hard. The closer you are to something,
- 8:51Speaker 2: the harder it is, just like having an alcoholic spouse.
- 8:54Speaker 3: One thousand percent. And like the other argument to be
- 8:56Speaker 3: had is like, you know, around February thirteenth, I don't
- 8:59Speaker 3: remember remember it, you know, I don't remember the headlines
- 9:01Speaker 3: that were coming out, Like how extreme was that? If
- 9:04Speaker 3: you're the brother in law, of course you sell out,
- 9:06Speaker 3: you know. It's like it's not like you're necessarily going
- 9:09Speaker 3: to listen to that, read all the headlines and do
- 9:11Speaker 3: nothing about it. So it's not even necessarily his fault
- 9:13Speaker 3: for selling. And I don't think like that's where the
- 9:15Speaker 3: inside of training necessarily happens. I think the culprit is
- 9:18Speaker 3: the person who makes that initial phone call, which is
- 9:21Speaker 3: I think where the investigations.
- 9:22Speaker 2: Of course, so then what they do with the money.
- 9:26Speaker 3: They keep so they that happened on February thirteenth, and
- 9:30Speaker 3: then the storyline goes they started having private Richard Burr
- 9:33Speaker 3: started having private conversations with his donors, and then the
- 9:37Speaker 3: donors were starting to set all this stuff up. A
- 9:39Speaker 3: month later that not even a month. Three weeks after that,
- 9:42Speaker 3: around March, early March is when the market fell thirty
- 9:45Speaker 3: percent and they saved themselves millions. That all gets blown
- 9:50Speaker 3: up because of again unusual whales that see gets involved,
- 9:53Speaker 3: The DOJ gets involved. They then find nothing. Well, they
- 9:57Speaker 3: find all this information. That's how we know about the text.
- 9:59Speaker 3: The FBI can, but they don't charge them with anything.
- 10:02Speaker 3: That nothing happens. Richard Burr retires, and you know, it's
- 10:07Speaker 3: just like again we were chatting about this off camera.
- 10:09Speaker 3: I'm twenty nine, I grew up with this. I'm not
- 10:11Speaker 3: surprised by it. I'm just like, yeah, of course, the
- 10:14Speaker 3: politicians kind of can build this situation where they benefit
- 10:18Speaker 3: and people will come after them. They'll make a facade,
- 10:22Speaker 3: no charges will happen, and they'll go off into the sunset.
- 10:25Speaker 2: So I was raised during the height of empire, you know,
- 10:28Speaker 2: our Victorian era, and you were raised in the decline
- 10:31Speaker 2: of empire sort of the post World War era, so
- 10:34Speaker 2: totally different perspectives. So you're much better situated to understand
- 10:39Speaker 2: what's going on, to see it clearly, to not lie
- 10:41Speaker 2: to yourself about it. That's crazy. So Burr, just to
- 10:48Speaker 2: let you know, since fucks I'm from DC, I don't
- 10:50Speaker 2: think the head of the Senate Intel Community can ever
- 10:52Speaker 2: be charged with a crime because he knows too much.
- 10:54Speaker 3: Yes, he had to step down too while he was
- 10:57Speaker 3: getting investigated, but yeah, I mean I believe it.
- 11:00Speaker 2: Wow. So you're watching this just at home because you
- 11:02Speaker 2: said you're not political.
- 11:04Speaker 3: Yeah, I'm watching this at home while I'm building the
- 11:06Speaker 3: social investing app that at the time was called IRIS.
- 11:09Speaker 3: So that's what's funny about. You know, we run the
- 11:12Speaker 3: Polosi Tracker. I'm not a political guy. I'm just an
- 11:15Speaker 3: everyday dude, you know. I'm twenty six, moved out to
- 11:18Speaker 3: California to build this with my friends, and then the
- 11:22Speaker 3: politics stuff starts happening. And like our mission with with
- 11:26Speaker 3: our app is to try and instill trust back into institutions.
- 11:30Speaker 3: We always wanted to do that, and our bigger picture
- 11:32Speaker 3: was financial management and that whole you know space. But
- 11:36Speaker 3: then we start seeing the politics stuff, it's like, this
- 11:38Speaker 3: is incredible that they're able to do this. We have
- 11:41Speaker 3: technology and we have the team that we can actually
- 11:43Speaker 3: build a way for us to get involved with it.
- 11:46Speaker 3: And what better way to highlight like the hypocrisy of
- 11:49Speaker 3: politicians stock training than to build a way to actually
- 11:51Speaker 3: copy them and invest alongside them. And that's not like
- 11:54Speaker 3: how our app started. But at the time, no, none
- 11:57Speaker 3: of that.
- 11:57Speaker 2: And by the way, it's larious. Yeah, I mean it's hilarious.
- 12:00Speaker 3: It shouldn't be.
- 12:01Speaker 2: No, I know, I know it's crazy. You have to
- 12:05Speaker 2: laugh at tragedy.
- 12:06Speaker 3: I know it's working. Like I'll get into the whole
- 12:08Speaker 3: thing about how like this Pelosi crushed it. She was
- 12:12Speaker 3: up fifty four percent last year. We got half a
- 12:14Speaker 3: million dollars half a billion dollars invested alongside her. Where
- 12:19Speaker 3: the app is too popular, It shouldn't be this popular
- 12:21Speaker 3: with just like a slogan invests like a politician. But
- 12:24Speaker 3: I think it perfectly encompasses and showcases like the slogan
- 12:29Speaker 3: of what's wrong with society right now. It's not only
- 12:32Speaker 3: do we not trust politicians, we now are at the
- 12:35Speaker 3: point where like throwing up our hands, like fuck it.
- 12:37Speaker 3: You know, if you guys aren't gonna ban it, you're
- 12:39Speaker 3: gonna keep doing it. We're gonna build a way to
- 12:40Speaker 3: get in on the action. And what better way to
- 12:43Speaker 3: do it and highly hit Foxy than copying.
- 12:45Speaker 2: Them my day?
- 12:47Speaker 3: Yeah, I mean I again, though, if I can snap
- 12:50Speaker 3: my fingers and have it just go away or.
- 12:52Speaker 2: Of course, but you can't sure unfortunately. So okay, So
- 12:55Speaker 2: you see this and you decide it this is going on,
- 13:01Speaker 2: that there's corruption that people that politicians are supposed to
- 13:04Speaker 2: be protecting and serving the country or actually using this
- 13:06Speaker 2: information to their own advantage. Well the country, rots. How
- 13:12Speaker 2: did you discover that Pelosi was a then Speaker of
- 13:16Speaker 2: the House was particularly successful?
- 13:19Speaker 3: Yeah Pelosi. So Pelosi gets a lot of headlines for
- 13:22Speaker 3: obvious reasons one millions million and massively out weighs the
- 13:32Speaker 3: what the other politicians are trading. And I'm talking like
- 13:34Speaker 3: she's trading fifty to sixty million while everyone else is
- 13:37Speaker 3: trading smaller amounts. What when she got married? I think
- 13:40Speaker 3: it was in twenty twelve, and there's a whole arc
- 13:44Speaker 3: for her. She got married in twenty twelve to Paul
- 13:46Speaker 3: Paul Pelosi XVC.
- 13:48Speaker 2: No no, she's been married to paul Pelosi for decades.
- 13:51Speaker 3: Oh has she then? Okay, then when they got married,
- 13:54Speaker 3: I'm mixing up. Twenty twelve is when the stock Act started.
- 13:57Speaker 3: That's when they had to start showcasing it. When she
- 14:00Speaker 3: got married to Paula, they were worth around twenty million
- 14:03Speaker 3: their net worth. Their net worth now is around two
- 14:05Speaker 3: indred sixty million, So you're ten xing that. How she's
- 14:09Speaker 3: been a career long politician making one hundred and seventy
- 14:12Speaker 3: five K. Her husband's very, very successful, and you know
- 14:15Speaker 3: in stocks, particularly tech stocks. It all started with her
- 14:21Speaker 3: in twenty twenty when she bought Tesla, and this is
- 14:25Speaker 3: when I personally started paying attention. And then there's you
- 14:29Speaker 3: look back, It's like, holy shit, it's been going on forever.
- 14:31Speaker 3: And that actually started back in with the Visa IPO.
- 14:35Speaker 3: So with the Visa IPO, she and her husband were
- 14:39Speaker 3: able to get privileged ways to buy in on the IPO.
- 14:43Speaker 3: No one knows how, no one knows why, and then
- 14:45Speaker 3: the stock absolutely crushed it. So that was brought up
- 14:48Speaker 3: on a sixty minutes interview, and that was that iconic
- 14:53Speaker 3: interview from the reporter asking her, like do you think
- 14:56Speaker 3: this should be allowed. Is this fine that you got
- 14:58Speaker 3: in on the visa? And then you you know, this
- 15:00Speaker 3: is ten twelve years ago, nothing necessarily happened. Again, twenty
- 15:04Speaker 3: twenty comes around COVID, so people already necessarily know about her.
- 15:09Speaker 3: She now starts trading stocks again, and it's getting blown
- 15:12Speaker 3: up on social media because while everyone's with COVID, what
- 15:15Speaker 3: are they doing. They' around social media and they're trading stocks.
- 15:18Speaker 3: So now everyone's like acutely watching these things and paying attention.
- 15:22Speaker 3: She in end of twenty twenty, twenty twenty, right after
- 15:30Speaker 3: Biden got elected, she went and bought up to five
- 15:34Speaker 3: million dollars of Tesla calls. And I can go on
- 15:37Speaker 3: forever about the details of these things. She's not just
- 15:40Speaker 3: buying stock, well, her husband's not just buying She's buying
- 15:42Speaker 3: these things called leaps. And what a leap is is
- 15:45Speaker 3: a options contract that allows you to buy a stock
- 15:49Speaker 3: and be bullish on a stock at a much cheaper
- 15:52Speaker 3: cost basis. So instead of you needing five million dollars
- 15:55Speaker 3: to buy you know, x amount of quote unquote risk
- 15:58Speaker 3: in a stock for it to go up, you can
- 16:00Speaker 3: actually take that five million dollars and buy a leap
- 16:03Speaker 3: and it gives you a broader delta so that you
- 16:05Speaker 3: can make more money, essentially higher risk, high reward. So
- 16:09Speaker 3: she goes and she's buying these leaps. She's not just
- 16:11Speaker 3: buying the stocks in them. She buys leaps in Tesla.
- 16:14Speaker 3: At the end of twenty twenty, right after buying got elected.
- 16:19Speaker 3: Twenty twenty one comes around, or excuse me, twenty nineteen
- 16:22Speaker 3: into twenty twenty, because that was when Biden started. There's
- 16:24Speaker 3: so many dates. But when Biden's first few weeks in office,
- 16:29Speaker 3: he introduces the Build Back Better one point three two
- 16:32Speaker 3: point three three whatever, massive Infrastructure Bill. Do you remember
- 16:36Speaker 3: that one?
- 16:36Speaker 2: Very well.
- 16:37Speaker 3: Part of that bill had tons of not only subsidies
- 16:40Speaker 3: for the electric vehicle industry, but also money to build
- 16:44Speaker 3: out and invest for the charging ports for electric vehicles,
- 16:48Speaker 3: because you know, you can't just tell people to go
- 16:49Speaker 3: buy electric cars. He's out the infrastructure. Yeah, so when
- 16:54Speaker 3: you start following the timeline on it, it's like, Okay,
- 16:57Speaker 3: binding gets elected, she buys up to five million dollar
- 17:00Speaker 3: dollar of leaps, which are very risky in Tesla. That
- 17:04Speaker 3: agenda then comes out the stock flies fifty percent, So
- 17:09Speaker 3: it's not like she's actually you know, buying things that
- 17:13Speaker 3: the public wouldn't necessarily know about. But she's buying things
- 17:17Speaker 3: in a high risky way with a ton of money,
- 17:20Speaker 3: in ways that the public now is paying attention to
- 17:23Speaker 3: because you know, everyone's training stocks and they're watching Tesla Elon.
- 17:26Speaker 3: That was when the things started blown up, and that
- 17:28Speaker 3: was the first trade that probably, like I think, re
- 17:30Speaker 3: triggered everyone's mind into like, wait a second, you know,
- 17:34Speaker 3: this may not be the sketchiest trade in the world
- 17:37Speaker 3: because those things were still public. But how are they
- 17:39Speaker 3: allowed to necessarily do that? How is Pelosi the third
- 17:43Speaker 3: most powerful person in America? You know, President VP, the House,
- 17:48Speaker 3: the head of speaker. Yep, they shouldn't be allowed to
- 17:52Speaker 3: trade stocks. How is this even like, how are we
- 17:56Speaker 3: allowing that? And I think like the culmination of those
- 17:58Speaker 3: different intersections is why this started getting big and why
- 18:02Speaker 3: people started paying attention specifically to Pelosi.
- 18:05Speaker 2: How did she do in those leaps with Tesla's.
- 18:07Speaker 3: So she was up around fifty percent and then she
- 18:11Speaker 3: sold a little bit, and then it came back down,
- 18:13Speaker 3: and then she actually just sold those shares because the
- 18:16Speaker 3: way that a leap works is if you're buying a
- 18:18Speaker 3: contract and that gives you the ability to buy one
- 18:22Speaker 3: hundred shares of that underlying stock. It's pretty complex ish,
- 18:27Speaker 3: but so when when she bought the Leaps a year later,
- 18:30Speaker 3: she exercises the right to buy those shares, So now
- 18:33Speaker 3: she has I think it was around like five thousand
- 18:35Speaker 3: shares of Tesla, and she's held those all up until
- 18:39Speaker 3: July of twenty twenty four this year actually, and she
- 18:43Speaker 3: sold them too early. She sold them before Trump got
- 18:46Speaker 3: reelected and the thing started flying. But I think she
- 18:48Speaker 3: was up around forty to fifty percent in total from
- 18:53Speaker 3: that Tesla trade. Her best ones are in video, and
- 18:56Speaker 3: video is a whole nother story for her, But on
- 18:58Speaker 3: that Tesla one in particular, I think it was like
- 19:00Speaker 3: forty to fifty.
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- 20:11Speaker 2: awesome What has she done on in video?
- 20:14Speaker 3: So in Vidia is the second trade that got the
- 20:17Speaker 3: mass's attention.
- 20:18Speaker 2: For people to know. Tell us what in video is in.
- 20:20Speaker 3: Video is a semiconductor. They're essentially the most popular stock
- 20:23Speaker 3: in the best company. I think they're worth more than
- 20:26Speaker 3: Apple now, the most valuable company in the world. They
- 20:29Speaker 3: sell the chips for semis and like they have a
- 20:31Speaker 3: whole broader thing beyond this set, but essentially they're a
- 20:34Speaker 3: semi conductor company. They buy and sell chips. So in
- 20:38Speaker 3: twenty twenty two, that's when the Chips Act. If you
- 20:41Speaker 3: remember this fifty four billion dollar chips bill that Biden
- 20:45Speaker 3: and Pelosi pushed, she bought. And this is where social
- 20:48Speaker 3: media again why it's powerful, and the pressure started building
- 20:51Speaker 3: up to her at this point because people were following
- 20:54Speaker 3: the trades. The markets were crushed, and she was crushing it.
- 20:57Speaker 3: In twenty twenty one and two came around, the Chips
- 21:01Speaker 3: Act comes out, fifty four billion dollars of infrastructure for
- 21:05Speaker 3: chips and subsidies for them. She bought in Video I
- 21:08Speaker 3: think a couple months before that. Oh come on, yeah, yeah, yeah,
- 21:11Speaker 3: it's this. The problem with her is every trade is suspicious.
- 21:16Speaker 3: There's never a trade that you just are like, okay,
- 21:18Speaker 3: you know I couldnot and I'll get into them without
- 21:21Speaker 3: there's a couple more I can get to but with
- 21:22Speaker 3: that in video trade in particular, she bought it, the
- 21:25Speaker 3: Chips Act comes out, we start making tiktoks, we start
- 21:28Speaker 3: tweeting about it, and then everyone's like, what the fuck,
- 21:31Speaker 3: what's going on with that? She then sells it for
- 21:35Speaker 3: a loss because the stock was already coming down. This
- 21:38Speaker 3: was when the market started falling. Yeah, and she ended
- 21:41Speaker 3: up selling it for a three inchred thousand dollars loss.
- 21:43Speaker 3: She sold it all because I think the public was
- 21:45Speaker 3: starting to be like, what the fuck, how are you
- 21:48Speaker 3: doing this when we're already calling you out and you're
- 21:50Speaker 3: still continuing to do it. She sold those things for
- 21:53Speaker 3: a three inch k loss, and then she sold their
- 21:56Speaker 3: shares for a two inch k loss, So she lost
- 21:58Speaker 3: money on that first in video time. But the interesting
- 22:01Speaker 3: thing about that is, per these filings and the way
- 22:05Speaker 3: that the filings work is the Stock Act requires politicians
- 22:08Speaker 3: to disclose them their spouses, and their dependence of any
- 22:13Speaker 3: trade up to forty five days. On that trade in particular,
- 22:16Speaker 3: is the only time she's ever publicly said her profit
- 22:19Speaker 3: and loss, so never before and never since then. Only
- 22:24Speaker 3: in that filing was when she said, hey, everyone, I
- 22:27Speaker 3: lost two hundred and fifty k and Nvidia get off
- 22:30Speaker 3: my back kind of thing. She's never done that for
- 22:32Speaker 3: when she's profited. She's only done it when she's lost.
- 22:36Speaker 2: Interesting.
- 22:36Speaker 3: Yeah, there's so many things with her. The filings she
- 22:40Speaker 3: sends out are always before holidays. So she's notorious in
- 22:47Speaker 3: our community for releasing reports around Thanksgiving, July fourth, Christmas.
- 22:54Speaker 3: And I think the argument is because, like, if you
- 22:56Speaker 3: put it on December twenty third, everyone's going off to vacation.
- 22:59Speaker 2: No wor yeah, track it gets lost, Yeah, gets lost
- 23:02Speaker 2: in the media. Yea drop bad news on Fridays, That's
- 23:04Speaker 2: exactly Yeah. This year she dropped it on July fourth.
- 23:07Speaker 2: That was when she dropped all of these previous.
- 23:10Speaker 3: Day amerge I no, yeah, but so that in video
- 23:13Speaker 3: trade goes on, she loses money. The whole market was
- 23:16Speaker 3: doing bad in that year, so she didn't do too
- 23:19Speaker 3: well in that that I think it was twenty twenty two.
- 23:25Speaker 3: Twenty twenty three comes around, the market starts going up again,
- 23:28Speaker 3: and we have all this information which I could probably
- 23:30Speaker 3: get to. But she then re buys into in video
- 23:34Speaker 3: at the end of twenty twenty two or at the
- 23:38Speaker 3: end of twenty twenty three, excuse me. In November, she
- 23:41Speaker 3: goes and buys five million dollars worth of leaps again
- 23:44Speaker 3: those leaps. Then right after she buys, there's no no,
- 23:50Speaker 3: no laws or anything that comes up after that. It
- 23:52Speaker 3: just turns out to be a tremendously well timed trade
- 23:55Speaker 3: because from there in video goes up one hundred and
- 23:57Speaker 3: sixty one hundred and seventy percent, And on that trade
- 24:00Speaker 3: in particular, she then bought a little bit more that
- 24:03Speaker 3: five million. And the ranges are hard because the way
- 24:07Speaker 3: that these filings work is they have to file from
- 24:11Speaker 3: one K to fifteen k is one little check, fifteen
- 24:15Speaker 3: K to fifty k, fifty k to one hundred k,
- 24:18Speaker 3: one hundred k to two hundred fifty k, two hunre
- 24:20Speaker 3: of fifty k to five hunch k five r k up.
- 24:23Speaker 3: So we're going off of the ranges, so you don't
- 24:25Speaker 3: know the exact amount that she's buying, but that in
- 24:29Speaker 3: video trade is the best trade she's ever made that
- 24:31Speaker 3: we followed in recent memory. And she's up around like
- 24:34Speaker 3: one hundred and forty percent on that trade in particularly,
- 24:37Speaker 3: and like this is millions. It's not like it's you know,
- 24:42Speaker 3: fifty k, it's up to five million dollars that five
- 24:45Speaker 3: million dollars could be worth seven point five million now
- 24:49Speaker 3: and she's just quiet about it, doesn't say anything when
- 24:52Speaker 3: we call her out.
- 24:53Speaker 2: How long have you been doing this?
- 24:55Speaker 3: We've been doing it since twenty twenty two, so we've
- 24:58Speaker 3: tracked her in particularly, and let me be clear, it's
- 25:00Speaker 3: not just her.
- 25:00Speaker 2: No, I know, I've got a bunch of questions.
- 25:02Speaker 3: Yeah, Crenshaw and them, But yeah, we've been tracking hers
- 25:05Speaker 3: since twenty twenty hal.
- 25:07Speaker 2: You know, you look at if I look at the Congress,
- 25:08Speaker 2: who are the filthiest members of Congress? Well, Dan Crenshaw
- 25:10Speaker 2: would be right at the top with Pelosi. And it's
- 25:14Speaker 2: not surprising that they're.
- 25:15Speaker 1: No.
- 25:16Speaker 3: And he he is interesting because.
- 25:20Speaker 2: Before we get to do yeah, he's his whole thing. Yeah,
- 25:22Speaker 2: but I just want to close up post for sex.
- 25:24Speaker 2: So you've been doing this for two and a half
- 25:26Speaker 2: three years on Pelosi, yep, and gotten you said you've
- 25:30Speaker 2: never done an interview before, which is very weird.
- 25:32Speaker 3: No.
- 25:32Speaker 2: No, but a lot of people I know read you.
- 25:35Speaker 2: You know a lot. So she's gotten a lot of
- 25:38Speaker 2: scrutiny because of what you've done. Has her office ever
- 25:40Speaker 2: reached out to you in any way?
- 25:41Speaker 3: Now the office has never reached out. And again, like
- 25:45Speaker 3: the crazy thing about this stuff is, uh, we took
- 25:49Speaker 3: this whole thing a step further by building our app
- 25:52Speaker 3: autopilot and autopilot. The way that it works is you
- 25:54Speaker 3: literally can go and invest alongside these politicians. So it's
- 25:58Speaker 3: one thing to be like, oh, you Pelosi, you know
- 26:01Speaker 3: you're trading in front of us, and then it's like, oh,
- 26:03Speaker 3: wait a second, you're crushing it, like whoa. And now
- 26:06Speaker 3: it's like and now I can invest alongside them, because
- 26:10Speaker 3: so I can get in on the action. And I
- 26:12Speaker 3: think like allowing people to get their money in makes
- 26:15Speaker 3: the whole thing kind of just more hypocritical and funnier.
- 26:18Speaker 3: So Pelosi since we've been tracking her is up eighty
- 26:21Speaker 3: seven percent. That's from I think around May of twenty
- 26:24Speaker 3: twenty one, outperforming the spy by fifty percent. Since in
- 26:28Speaker 3: that time period, since we've been doing this thing, we
- 26:30Speaker 3: now have three hundred million dollars literally investing alongside her.
- 26:34Speaker 3: People have profited thirty million dollars trading doing whatever she
- 26:38Speaker 3: does in that time fer your give or take. And
- 26:41Speaker 3: her public office has never reached out. She's gone on,
- 26:45Speaker 3: you know, been questioned in the press conferences, being like,
- 26:48Speaker 3: do you think you and members of Congress should be
- 26:50Speaker 3: allowed to trade stock? And she's like, yeah, well it's
- 26:53Speaker 3: a free economy, Like if it's a free market, we
- 26:56Speaker 3: as citizens should be able to trade.
- 26:57Speaker 2: And of course it's not a free market. And her
- 26:59Speaker 2: examples shows you what a rigged market it is. Yeah,
- 27:02Speaker 2: of course, I mean she's so, yeah, she's benefiting from
- 27:05Speaker 2: information that she has because of her position. She's not
- 27:08Speaker 2: allowed to do that. She does it anyway. It's a crime.
- 27:10Speaker 2: She should be prosecuted. It's certainly a moral crime. So
- 27:15Speaker 2: give us some perspectives. So she's up this, you know,
- 27:18Speaker 2: fantastic number relative to like average investors. Informed investors like,
- 27:24Speaker 2: how well is she done?
- 27:25Speaker 3: Ye, so last year in particular, and this is probably
- 27:28Speaker 3: we and let me be clear, so we're not tracking
- 27:31Speaker 3: since it's hard to know the exact amount and it's
- 27:34Speaker 3: hard to track her actual trades. So what we track
- 27:37Speaker 3: is the filings of it, and they're roughly the same
- 27:40Speaker 3: because they don't they don't get displayed or filed too
- 27:44Speaker 3: long after. So in twenty twenty four, for example, she
- 27:47Speaker 3: was up fifty four percent, the market was up around
- 27:50Speaker 3: I think like twenty six or twenty seven, so she
- 27:52Speaker 3: personally outperformed the stock market, you know, the broader SMP
- 27:56Speaker 3: by twenty percent, twenty five percent. We also have these
- 28:00Speaker 3: other trackers that track the hedge funds and there was
- 28:04Speaker 3: a report from Bloomberg where she actually outperformed I think
- 28:08Speaker 3: like ninety five percent of professional hedge fund managers. And
- 28:12Speaker 3: when you take us to it's like what is good?
- 28:15Speaker 3: What the politicians unusual? Wales has a report in twenty
- 28:19Speaker 3: twenty four and she was only the seventh best trader.
- 28:22Speaker 3: There were traders that were better than her.
- 28:24Speaker 2: Well, the funny thing I was talking about this yesterday
- 28:25Speaker 2: with a buddy mine who's in business. But you often
- 28:27Speaker 2: see retired politicians decide they're going to go get rich
- 28:29Speaker 2: in business, in finance usually, but you know in some
- 28:33Speaker 2: form of pe or whatever that they think they're gonna
- 28:36Speaker 2: be and they are all terrible, Like there's not been
- 28:39Speaker 2: we're talking about. Pompeo thinks he's going to get rich
- 28:41Speaker 2: with Pompeo and like, no one wants Pompeo because he's
- 28:42Speaker 2: like an idiot, isn't this is not his area? And
- 28:45Speaker 2: he's well, I should say he's not an It he's smart,
- 28:48Speaker 2: but he's on a business guy, no, and politics and
- 28:50Speaker 2: business are very different. So it's especially striking to see
- 28:55Speaker 2: polic this is the only way politicians can make money
- 28:57Speaker 2: is through inside her training. Yeah, I know, is that
- 28:59Speaker 2: fir to say?
- 29:00Speaker 3: Pretty much? Yeah, it's that or books. It's a book
- 29:04Speaker 3: and honestly that's like specials Now. Yeah, the Clinton's with
- 29:08Speaker 3: all that stuff, but she again is extreme because you
- 29:12Speaker 3: just trade so much. The other politicians they're trading on
- 29:15Speaker 3: lower levels. And but I think like the bigger thing
- 29:18Speaker 3: that we're trying to do with all this stuff is
- 29:20Speaker 3: like we don't want them trading again, like we think
- 29:22Speaker 3: that it's messed up. It creates distrust in the politician.
- 29:27Speaker 3: It's not like we don't me personally. It's not like
- 29:30Speaker 3: I am you know, saying hey, you guys can't do
- 29:33Speaker 3: that because you're getting rich, Like obviously that's a piece
- 29:36Speaker 3: of it, but it's more of like, hey, you guys
- 29:37Speaker 3: can't do that because the average American can't do that,
- 29:41Speaker 3: and we're all just looking at you guys.
- 29:43Speaker 2: Influences their policymaking behavior. Yeah, yeah, I mean, of course,
- 29:47Speaker 2: it sets up incentives that you don't want to have
- 29:49Speaker 2: in your legislative branch at all.
- 29:51Speaker 3: Yeah, and you know the sense like, yeah, show me
- 29:54Speaker 3: the incentive, I'll show you the reward.
- 29:56Speaker 2: It's like, that's.
- 29:56Speaker 3: Exactly right, You're gonna the war. Ones are crazy too,
- 30:00Speaker 3: Like there's so much that you can get into.
- 30:03Speaker 2: I have trouble laughing at that. That that actually makes
- 30:06Speaker 2: me feel like these people are going to hell. But
- 30:09Speaker 2: I want to ask about that in two seconds. But
- 30:10Speaker 2: first you said she's the seventh Yeah, most successful congressional
- 30:14Speaker 2: trader who.
- 30:15Speaker 3: Are in twenty twenty four. So the other ones off
- 30:17Speaker 3: the top, and this is all unusual on unusual Wales
- 30:20Speaker 3: is Twitter, We work with them. He actually took some
- 30:22Speaker 3: of the portfolios and he put them on our app
- 30:24Speaker 3: So now people can go in and they can trade alongside,
- 30:27Speaker 3: not just Pelosi, but other ones too. David Rouser was
- 30:31Speaker 3: the top one, and I think he he made a
- 30:33Speaker 3: lot of money in Nvidia.
- 30:35Speaker 1: Uh.
- 30:35Speaker 3: He also owns some other smaller ETFs, so he wasn't
- 30:38Speaker 3: He doesn't trade that much, so he these are stocks
- 30:41Speaker 3: that he's owned for a while. Yeah, Wie Wasserman Schultz,
- 30:45Speaker 3: she's now a two time top five political stock trader.
- 30:50Speaker 2: Speaking of filthy Yeah.
- 30:52Speaker 3: Yeah, she gets a We so we run the Pelosi
- 30:55Speaker 3: Tracker and we also have a politician trade tracker on
- 30:58Speaker 3: Instagram and TikTok that each has of you know, eight
- 31:00Speaker 3: hundred thousand. On TikTok, we have around one hundred thousand followers.
- 31:04Speaker 3: She gets people don't like that woman.
- 31:06Speaker 2: Well, nobody likes her. Yeah, So she was bounced out
- 31:09Speaker 2: of a leadership position in the Democratic Party because people
- 31:11Speaker 2: disliked her so much personally.
- 31:13Speaker 3: And she honestly is one of the five or six
- 31:16Speaker 3: that I personally track like that I know a decent
- 31:18Speaker 3: amount about because of how many times she has conflicts
- 31:21Speaker 3: of interest which what she trades. For example, she bought
- 31:25Speaker 3: this company called Viasat, and what Viasat does is they're
- 31:28Speaker 3: a military contractor. They're like a starlink like Elon's thing,
- 31:33Speaker 3: but they do the communications for the military. They get
- 31:36Speaker 3: hundreds of millions of dollars of contracts from you know
- 31:39Speaker 3: this or that. She sits on the committee that oversees
- 31:44Speaker 3: military construction, and it's like, I'm watching you trade this stock,
- 31:49Speaker 3: you know, even aside from performance, I'm watching you buy
- 31:51Speaker 3: and sell a military construction company while sitting on a
- 31:56Speaker 3: committee that oversees military construction. How is that a loud?
- 32:00Speaker 3: I don't know. Another one was she bought a mining
- 32:03Speaker 3: company called Helca Mining with ticker symbol hl. That stock
- 32:07Speaker 3: has been fluctuating here and there, and I think she
- 32:10Speaker 3: is up around fifteen percent on it. She sits on
- 32:13Speaker 3: the energy one of the energy resources committees, and it's like,
- 32:19Speaker 3: what are we doing? You know, how do they allow?
- 32:21Speaker 2: What are we doing? Well, we're watching corruption happen and
- 32:24Speaker 2: it's and it's destroying any confidence people have in their government.
- 32:28Speaker 2: It's priming the country for some kind of revolution, hopefully
- 32:32Speaker 2: a peaceful one, but a revolution anyway. This can't just
- 32:35Speaker 2: can't continue in a democracy. So tell us about my
- 32:41Speaker 2: all time favorite member of Congress, Dan Crenshaw.
- 32:43Speaker 3: Yeah, yeah, yeah, so's he's a tough one. He's a
- 32:47Speaker 3: he's a hot head on Twitter now control, Yeah, he's
- 32:50Speaker 3: I don't understand why he's taking this stance a little
- 32:53Speaker 3: bit because I.
- 32:53Speaker 2: Used to be personal life is out of control.
- 32:55Speaker 3: Yeah, because he used to be like a right wing darling,
- 32:58Speaker 3: like he was, you know, the with the knee I
- 33:00Speaker 3: think early early on again.
- 33:02Speaker 2: Not with me. I always thought he was a freaking
- 33:04Speaker 2: a warmonger. Really weird. Ooh yeah, he's a freaking warmonger.
- 33:07Speaker 3: But yeah he's showing it.
- 33:08Speaker 2: Now.
- 33:09Speaker 3: Did you see the Free Press he did where we
- 33:12Speaker 3: posted this. He essentially comes out he's like supporting politicals, politicians,
- 33:18Speaker 3: dock trading. He's like, if you get rid of it,
- 33:20Speaker 3: you're gonna get crappy politicians. And it's like, what are
- 33:24Speaker 3: you talking about? You know, like we're not asking you guys.
- 33:26Speaker 2: To It's that's like saying, if you don't allow the
- 33:29Speaker 2: police to shake down speeders at gunpoint, you're gonna get
- 33:32Speaker 2: a worse kind of cop.
- 33:33Speaker 3: Exactly.
- 33:34Speaker 2: Yeah, it's crazy, It's it's yeah.
- 33:37Speaker 3: So he had a fiery one with the Free Press
- 33:40Speaker 3: probably about like two months ago, right before Thanks Getting.
- 33:43Speaker 3: I saw that his portfolio though in particular he's up
- 33:46Speaker 3: around like forty eight to fifty percent and all of this.
- 33:49Speaker 3: You know, I got to say this for compliances, Like
- 33:51Speaker 3: you can see all this on our app. You know,
- 33:52Speaker 3: it's all right there. So I may kind of be
- 33:55Speaker 3: depending on the day, but he outperformed the market. He
- 33:58Speaker 3: was right below Pelosi.
- 34:00Speaker 2: The stock's an idiot though, I mean, with no business
- 34:03Speaker 2: background that I'm of, So, like, how would you.
- 34:05Speaker 3: Do that his stocks. The one that in particular that
- 34:08Speaker 3: really frustrated me about him was Meta. So he with
- 34:13Speaker 3: the stocks that he's buying is his portfolio is comprised
- 34:16Speaker 3: of Meta, which he's crushing it up like two hundred percent.
- 34:18Speaker 3: He bought the dip perfectly back in twenty twenty two,
- 34:21Speaker 3: I believe, like pretty much perfectly things started flying. He
- 34:26Speaker 3: bought Amazon, he bought Fas, which is like finance ETF.
- 34:32Speaker 3: He bought the Spy, and then he bought win Resorts,
- 34:34Speaker 3: and then he bought some other company. The the stock though,
- 34:39Speaker 3: that crushed it for him was Meta And the part
- 34:42Speaker 3: that I get annoyed about, you know, aside from TikTok
- 34:44Speaker 3: bands this and that you can't He buys the stock.
- 34:49Speaker 3: A couple months later, starts pushing and publicly vocalizing like,
- 34:53Speaker 3: hey everyone, we should we should ban TikTok, you know,
- 34:56Speaker 3: And it's like pretty convenient to say when you own
- 35:00Speaker 3: TikTok's main competitor, and every time you're saying that the
- 35:03Speaker 3: stock is going up five percent.
- 35:05Speaker 2: Uh.
- 35:06Speaker 3: He then goes off and starts asking for the ban
- 35:09Speaker 3: on and again like I feel like I'm pretty pro
- 35:12Speaker 3: banned TikTok. So there's a whole world with that. But
- 35:16Speaker 3: he then goes off and votes against the bill to
- 35:18Speaker 3: ban TikTok. So now you've got a politician that is
- 35:20Speaker 3: buying TikTok's main competitor Meta. You're then publicly talking about
- 35:26Speaker 3: how you want to ban it from government, from government
- 35:29Speaker 3: officials phones, to then voting on the bill to ban TikTok,
- 35:33Speaker 3: all while the stock has gone up two hundred percent
- 35:35Speaker 3: while you boned it.
- 35:37Speaker 2: And this is like, you're shocking me.
- 35:39Speaker 3: Yeah, I'm numb to it.
- 35:41Speaker 2: And when and when he gets called out on it,
- 35:44Speaker 2: And this is one of the reasons I dislike him.
- 35:46Speaker 2: And I do think that he's there's he's there's a
- 35:48Speaker 2: lot wrong with him personally, so I do feel sorry
- 35:51Speaker 2: for him. A lot wrong. I mean, I know that.
- 35:53Speaker 2: But anyway, leaving that aside, the reason I don't like
- 35:56Speaker 2: him is because he's self righteous. Yeah, if I can't,
- 36:00Speaker 2: she's shoplifting. And then you punch me in the face
- 36:02Speaker 2: and scream how you're being victimized. I can't deal with that.
- 36:04Speaker 2: Just to meet your shoplifting, say sorry and I'll preregive
- 36:07Speaker 2: you and move on, but don't yell at me.
- 36:09Speaker 3: Yeah, or even just help the conversation be like, yeah,
- 36:11Speaker 3: I mean if you guys are allowing us, like I'll
- 36:14Speaker 3: vote on it, this and that, like just be open
- 36:17Speaker 3: and be transparent about it. Yes, you don't have to
- 36:20Speaker 3: attack and you know gaslight, No, that's.
- 36:22Speaker 2: Exactly right, that's exactly right. And boy is he a
- 36:24Speaker 2: specialist in that area. Yeah.
- 36:26Speaker 3: Yeah, the Free Press one I would reckon. I'll send
- 36:28Speaker 3: it to you after.
- 36:29Speaker 2: I've seen it.
- 36:29Speaker 3: Yeah, oh yeah, Yeah, that one gets my blood boiling
- 36:33Speaker 3: because it's like, what frustrates me about this stuff is
- 36:36Speaker 3: you can't sit on the committee, you can't be voting
- 36:39Speaker 3: on these things. You can't do it all, be doing
- 36:40Speaker 3: all this stuff in front of the American public. Meanwhile,
- 36:44Speaker 3: you know, I have a friend that is a consultant
- 36:46Speaker 3: at ey or Deloitte. He can't trade individual stocks. I
- 36:51Speaker 3: got friends in banking that can't trade individual stuffs. It's like,
- 36:54Speaker 3: why can you not let the low level analysts, the
- 36:57Speaker 3: JP Morgan buy you know Apple? Yeah, meanwhile, you got
- 37:02Speaker 3: these politicians buying up this five hundred million dollar military
- 37:06Speaker 3: construction company all right in front of.
- 37:09Speaker 2: I know the answer, you want to hear the answer,
- 37:10Speaker 2: because after the financial crisis, that Congress helped cause. Congress
- 37:16Speaker 2: runs in with Dodd Frank, you know, Chris Dodd and
- 37:20Speaker 2: Barney Frank remember the Senate, remember the House, both Democrats,
- 37:22Speaker 2: and they come up with all these regulations that are
- 37:25Speaker 2: supposedly going to protect America from future disasters of this kind,
- 37:29Speaker 2: and they, you know, pass these so called reforms destroy
- 37:33Speaker 2: the banking sector, really don't make it less corrupt, just
- 37:37Speaker 2: kind of wreck it, take all the innovation out of it,
- 37:39Speaker 2: and then they don't apply those same standards themselves, right,
- 37:42Speaker 2: I mean that's kind of the shortless Ville enough for me?
- 37:44Speaker 2: Is that a fair?
- 37:45Speaker 3: Yeah?
- 37:45Speaker 2: One hundred percent?
- 37:46Speaker 3: And what's the history of the Stock Act that started
- 37:50Speaker 3: because of the housing crisis. Yeah, So it was initially
- 37:53Speaker 3: introduced in two thousand and six. And the Stock Act
- 37:56Speaker 3: literally what it says is stop see whatever, stop trading
- 38:03Speaker 3: on congressional knowledge. That's what it means. So if you
- 38:07Speaker 3: have a bill that literally says stopped trading on congressional
- 38:09Speaker 3: knowledge as the name of the act, you know that
- 38:13Speaker 3: there's something already sketchy going on. And why was that
- 38:15Speaker 3: not a thing to begin with?
- 38:17Speaker 2: And so what happened to it?
- 38:18Speaker 3: So in two thousand and six, it got introduced, No
- 38:21Speaker 3: politicians cared about it, you know whatever. After the housing crisis,
- 38:25Speaker 3: they found out and they realized that they were around
- 38:27Speaker 3: thirty three politicians that set their portfolios up after talking
- 38:32Speaker 3: with the officials at the FED and you know, the
- 38:34Speaker 3: people milding up the military policy. They reconstructed their portfolios
- 38:38Speaker 3: while that whole crisis was going on. They didn't have
- 38:41Speaker 3: to display or publicly talk about it because the Stock
- 38:43Speaker 3: Act wasn't announced. All that stuff came out after that, like, oh,
- 38:47Speaker 3: while the housing market is crashing and Americans are losing
- 38:49Speaker 3: their homes left and right, these politicians are moving millions
- 38:53Speaker 3: reconstructing their portfolios after getting out of the meetings with
- 38:56Speaker 3: the FED officials. So that's how it came back on
- 38:59Speaker 3: to the center stage. The Stock Act then gets introduced
- 39:03Speaker 3: in twenty twelve, and then it gets past shortly after that.
- 39:07Speaker 3: What is crazy in my head though, is like, what
- 39:10Speaker 3: the heck was going on before?
- 39:11Speaker 2: Yeah?
- 39:12Speaker 3: Like what that I think was we were talking off camera,
- 39:15Speaker 3: Like our generation we grow up with it and we're
- 39:18Speaker 3: used to it now because of things like that. It's like,
- 39:21Speaker 3: how can they have not had any limitations before twenty twelve?
- 39:27Speaker 3: What were they doing. You know, I can't answer your question. Clearly,
- 39:32Speaker 3: it's been very corrupt for a long time. Well, they
- 39:35Speaker 3: murdered the President of the United States in nineteen sixty
- 39:37Speaker 3: three and no one was ever held accountable for it.
- 39:39Speaker 3: So you know, looking back, you can say, boy, we've
- 39:42Speaker 3: had big problems for a long time. But I can
- 39:44Speaker 3: tell you assuming and grew up right in them, right
- 39:45Speaker 3: in the middle of it, in DC, in Georgetown, all
- 39:48Speaker 3: this stuff was going on, Like when when that COVID,
- 39:53Speaker 3: those COVID trades. You've started our conversation by describing Kelly
- 39:56Speaker 3: Waffler was involved in that.
- 39:58Speaker 2: All this stuff. I was like, heard of me. I
- 40:00Speaker 2: think I was the only person in Fox News who
- 40:02Speaker 2: did anything on it, because, yeah, it's a great story.
- 40:05Speaker 2: But even as I was doing the story, I was like, this, kid,
- 40:07Speaker 2: there's got to be another exploits. This can't be real.
- 40:09Speaker 2: That beating on a pandemic. Yeah, insider trading on a pandemic.
- 40:14Speaker 2: Like I was like, you'd have to be a monster
- 40:15Speaker 2: to do that, Like this can't actually have happened.
- 40:18Speaker 3: That was me with the Pelosi tracker every day in
- 40:21Speaker 3: the early I'm just I remember a couple of these
- 40:25Speaker 3: trades and there's so many now. But I remember calling
- 40:28Speaker 3: my dad up and I'm like, wait a second, like
- 40:31Speaker 3: is this actually like are they actually trading?
- 40:34Speaker 4: It's not just Mike McCall. I can't remember the specific trades.
- 40:37Speaker 4: I think it was him, but uh, no one were here.
- 40:40Speaker 4: I'm talking about poor Dan Crenshaw. It was just like
- 40:43Speaker 4: totally unbalanced. That one ends well, but Mike McCall is like,
- 40:46Speaker 4: now we're getting really sinister.
- 40:48Speaker 2: Yeah, yeah, he I'm.
- 40:50Speaker 3: Trying to remember the trades because he sits on the
- 40:52Speaker 3: uh he sits on a lot of the intelligence committees
- 40:54Speaker 3: and a lot of the big committees, and he's trading millions.
- 40:59Speaker 2: But it's not just McCall.
- 41:00Speaker 3: Yeah, I think so. I think so he's in particular
- 41:03Speaker 3: because he's really hard to track. We know this in
- 41:05Speaker 3: the world of the US Quiver quant user Wales, we're
- 41:08Speaker 3: the ones that do this. He manually fills out the
- 41:11Speaker 3: filings by hand, so his trades don't get picked up
- 41:16Speaker 3: by the majority of A'm ninety nine percent sure I
- 41:18Speaker 3: can confirm that. But yeah, he and his trades I
- 41:23Speaker 3: think are weird because it's him. It's the dependent in
- 41:27Speaker 3: the spouse. The trades they come in kind of as
- 41:31Speaker 3: the same. So there's an argument that maybe Mike McCall's
- 41:34Speaker 3: trades are from a financial advisor. But if he can
- 41:41Speaker 3: tell us, you know, we tag him on Twitter. It's like,
- 41:43Speaker 3: you guys can just tell us what's going on.
- 41:45Speaker 2: It doesn't care. A couple of years ago, somebody said
- 41:48Speaker 2: I was talking to Mike McCall and he described he
- 41:49Speaker 2: as a Russian agent.
- 41:51Speaker 3: Really, oh, so he's Russian one of these guys.
- 41:53Speaker 2: So I called Mike McCall and I said, listen, bitch,
- 41:55Speaker 2: can I call you bitch? I you I think I
- 41:58Speaker 2: said exactly that. You told someone was Russian agent. Like,
- 42:01Speaker 2: I'm from this country. I feel like I'm pretty patriotic,
- 42:04Speaker 2: And uh, did you say that? And he said I
- 42:07Speaker 2: did say that because the Intel briefers told me that.
- 42:10Speaker 2: And I said, how old are you, son, I think
- 42:12Speaker 2: he's older than I am. You believe you're Intel briefers? Yeah,
- 42:16Speaker 2: And he said, yeah, I do. I gotta give him
- 42:19Speaker 2: credit to me. He took my call in the whole thing.
- 42:20Speaker 2: But I was like, this guy is the most controlled, scary,
- 42:25Speaker 2: stupid but also scary person I think I've ever dealt
- 42:28Speaker 2: with in Congress ever. So I guess I'm not that
- 42:30Speaker 2: surprised that he's What is it with Texas Republicans anyway,
- 42:34Speaker 2: I don't know a lot of them.
- 42:36Speaker 3: I mean, you go a little the north to Oklahoma
- 42:38Speaker 3: and Mark Wayne Mullins an interesting one too, what do
- 42:41Speaker 3: you I don't know too much about his. He's a
- 42:44Speaker 3: fiery guy too.
- 42:46Speaker 2: He was threatened to beat somebody.
- 42:47Speaker 3: Yeah the teamstairs president. Yeah yeah, yeah during that. Yeah,
- 42:52Speaker 3: we built a whole I have a whole thing.
- 42:54Speaker 2: I like Sean O'Brien for the right.
- 42:55Speaker 3: Really yeah, good guys. I don't So that's what's the
- 42:58Speaker 3: thing that's interesting about me. Again, from my background, I
- 43:00Speaker 3: don't know anything about these politicies. I'm not like a
- 43:02Speaker 3: political person caut We call out the politicians, the Democrats,
- 43:06Speaker 3: like The New York Times came out with a report
- 43:08Speaker 3: in twenty twenty two that said that one hundred eighty
- 43:11Speaker 3: politicians traded over thirty seven hundred times that totaled over
- 43:15Speaker 3: one hundred, ten hundred and fifteen million dollars of volume
- 43:18Speaker 3: in UH from twenty nineteen to twenty twenty one. Out
- 43:22Speaker 3: of those, it was literally half pretty much half Democrats,
- 43:25Speaker 3: half Republicans. So they're all doing it course, out of
- 43:28Speaker 3: those one hundred eighty politicians, though, ninety of them sat
- 43:30Speaker 3: on committees that directly oversaw companies that they traded. And
- 43:35Speaker 3: you're like, okay, well, so that sounds like a conflict
- 43:38Speaker 3: of interest. And then that's what stamarked me to get
- 43:40Speaker 3: really into this and being like, what actually are the
- 43:43Speaker 3: trades that are going on? Are they outperforming? Why are
- 43:45Speaker 3: these random companies being bought? And Mike mccallaugh in particularly,
- 43:48Speaker 3: he checks this kind of box a lot. He for example,
- 43:53Speaker 3: bought this stock in a company called Badger Meters earlier
- 43:56Speaker 3: this year. Badger Meters does a water meter solutions. Don't
- 43:59Speaker 3: know much of it. It's just a freaking water meters
- 44:01Speaker 3: two billion, three billion dollar company. Turns out that the EPA,
- 44:05Speaker 3: a couple months to his to be fair before he bought,
- 44:09Speaker 3: signed a mandate saying that all these water systems have
- 44:12Speaker 3: to upgrade their technology, beneficial for Badger Meters stock goes up.
- 44:17Speaker 3: You then do some further digging, and then you realize
- 44:19Speaker 3: that Tulsa, Oklahoma, passed a ninety four million dollar bill
- 44:24Speaker 3: to upgrade their own water meter systems right around the
- 44:28Speaker 3: time that Mark Waynemullan bought Badger Meters Oklahoma. Tulsa, Oklahoma
- 44:34Speaker 3: is the state that Mark Wayne Mullen represents. He's the
- 44:37Speaker 3: senator of it. So then you're like EPA passes thing,
- 44:42Speaker 3: passes the requirement to upgrade the water systems Senator by Stock,
- 44:48Speaker 3: senator's home home state gives one hundred million dollars to
- 44:53Speaker 3: upgrade water meter systems. Pro for Badger Meters, stock is
- 44:57Speaker 3: up fifty percent. I think he's up like forty eight per.
- 45:00Speaker 2: On that Badger meet.
- 45:01Speaker 3: It might.
- 45:02Speaker 2: I mean I'm not an investor, so, but I've never
- 45:04Speaker 2: heard of Badger meters. E take good. I feel better.
- 45:07Speaker 3: Yeah, yeah, non.
- 45:08Speaker 2: So you have two prominent politicians in the Congress buying
- 45:11Speaker 2: Badger meters in the same period.
- 45:13Speaker 3: It just him, Oh, this is just marketing. This is
- 45:15Speaker 3: just wyk wayn Mullen. Yeah, And that's no other politicians
- 45:18Speaker 3: are buying. I've never heard of Badger Meters. I don't
- 45:21Speaker 3: know anything about the company. But when you when you
- 45:24Speaker 3: started just connecting all the dots, there's just too many
- 45:28Speaker 3: hip like controversial eyebrow raising like oh wait, the state
- 45:34Speaker 3: that you represent just put one hundred million dollars to
- 45:37Speaker 3: upgrade their water systems. Oh wait, you just bought the
- 45:39Speaker 3: company that specializes in upgrading water systems. Oh wait, now
- 45:43Speaker 3: the stock has been crushing on earnings and you're still
- 45:46Speaker 3: loaning it and it's up forty percent. He sold it
- 45:48Speaker 3: earlier this year, he held it for probably like I think,
- 45:51Speaker 3: like eight months, but I think he made like fifty
- 45:53Speaker 3: forty fifty percent on that stock. And again, this isn't
- 45:56Speaker 3: an Apple, you know, this isn't a Google, this isn't
- 45:59Speaker 3: in video. This is a water company that's this type
- 46:04Speaker 3: of stuff that we see.
- 46:05Speaker 2: And you don't think it's possible. He was taking tips
- 46:06Speaker 2: from Jim Kramer on CNBA.
- 46:08Speaker 3: Now, no, funny enough, we have an inverse Kramer portfolio.
- 46:11Speaker 1: Yeah.
- 46:12Speaker 2: So, the people who built this country built it because
- 46:14Speaker 2: they wanted freedom, one word freedom. They wanted freedom from
- 46:16Speaker 2: oppressors who forced them to buy overpriced tea, then blockaded
- 46:20Speaker 2: them when they tried to dump it into the ocean.
- 46:22Speaker 2: How'd that work out? Well, we built America in response.
- 46:25Speaker 2: So it's time to throw your big, overpriced wireless contract
- 46:29Speaker 2: overboard to a new tea party. You don't have to
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- 46:58Speaker 2: So you get your iPhone fourteen or sam some Galaxy
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- 47:03Speaker 2: talk dot com slash tucker Is it puretalk dot com
- 47:07Speaker 2: slash tucker for details America's wireless company. So how does
- 47:11Speaker 2: Kramer do relative to say inverse Cramer? Uh, he beats them.
- 47:16Speaker 2: So inverse Kramer was up forty eight twenty twenty four.
- 47:19Speaker 2: Wait in verse Krame.
- 47:20Speaker 3: Oh yeah yeah, and we have a portfolio that does
- 47:23Speaker 3: the opposite of what he does. Yeah, yeah, yeah, yeah.
- 47:26Speaker 3: I'm telling you that we're just we're we're a group
- 47:29Speaker 3: of you know, we're fifteen now out in in Irvine, California,
- 47:33Speaker 3: just fucking around with some of these things. And we're
- 47:36Speaker 3: we're registered with the SEC or are you in and
- 47:38Speaker 3: you invested in YA funds? You can't, so I mean
- 47:41Speaker 3: you can, you can, you can't. I don't buy like
- 47:43Speaker 3: the Pelosi ones because I I ethically, I don't like
- 47:47Speaker 3: to buy the companies that I tweet about because I
- 47:49Speaker 3: don't want to believe in like if I tweet this,
- 47:52Speaker 3: the stock will go up twenty percent, right, you know,
- 47:54Speaker 3: I just don't even want to get into that world.
- 47:57Speaker 3: I though invest in some of these other strategies. I
- 48:00Speaker 3: have around five k in a strategy provided by quiver quant.
- 48:04Speaker 3: Great guys. They do what usual Wells does similar on
- 48:06Speaker 3: Instagram and Twitter. They track the lobbying so they see
- 48:10Speaker 3: which companies are spending the most on lobbying in DC
- 48:14Speaker 3: and then they build a strategy around it to see
- 48:16Speaker 3: if a strategy like that outperforms the market over too.
- 48:19Speaker 2: Well, I know what what sector has spent a lot? Crypto? Yeah, yeah,
- 48:25Speaker 2: I mean, I mean I saw them everywhere on the
- 48:26Speaker 2: road this fall.
- 48:27Speaker 3: Really we have a Jdvans portfolio. He has some uh bitcoin.
- 48:31Speaker 3: His portfolio is very good. He is uh he only
- 48:35Speaker 3: is in the ETFs, so kudos to him, but he
- 48:39Speaker 3: owns some crypto.
- 48:40Speaker 2: I will say this about Obviously JD's a friend of mine,
- 48:42Speaker 2: so I would defend him. You know, my instinct is
- 48:45Speaker 2: to defend him, and I love JD Vance, But I
- 48:48Speaker 2: would say, without knowing any details, he like had a legitimate,
- 48:52Speaker 2: you know, career in that world before a one hundred. Yeah,
- 48:54Speaker 2: so you could at least say JD Vance knows what
- 48:56Speaker 2: ANTF is, you know.
- 48:58Speaker 3: And also credit to him. He so he he was
- 49:00Speaker 3: a VC founder's fund.
- 49:01Speaker 1: You know.
- 49:02Speaker 3: I I don't come from this world, but I know
- 49:04Speaker 3: this because you know, our app is venture backed. He
- 49:08Speaker 3: had again credit to him, he had money and Rumble
- 49:11Speaker 3: so YouTube's competitor before he via his venture capital firm.
- 49:17Speaker 3: I can't confirm this. I've never met him, but when
- 49:19Speaker 3: he got into office, before he became VP, he sold
- 49:22Speaker 3: out of Rumble, so only the stocks that he owns
- 49:25Speaker 3: are just the main ETFs.
- 49:27Speaker 2: Can I ask you, is there some easy or workable
- 49:30Speaker 2: way for members of Congress to put all their investments
- 49:34Speaker 2: into some blind yeah blind trust?
- 49:36Speaker 3: Yeah yes yeah. So this is where it gets complex,
- 49:41Speaker 3: and I'd be curious to hear your take on this.
- 49:43Speaker 3: So there's bills out there to get it banned. You know,
- 49:47Speaker 3: I think social media has done a tremendous job with this,
- 49:49Speaker 3: with the Pelosi tracker, with all of us trying to
- 49:52Speaker 3: call out with our app it's like our app part
- 49:54Speaker 3: of it is built to highlight the hypocrisy of just
- 49:57Speaker 3: how big of a problem this is five hundred million
- 49:59Speaker 3: dollars and be copying Pelosi. They are like, that's a problem. Yes,
- 50:04Speaker 3: So to credit to some of these politicians, AOC has
- 50:07Speaker 3: done a lot. You know, she's a fiery figure, but
- 50:09Speaker 3: she has had two bills. She actually just released a
- 50:12Speaker 3: bill a week ago called the Restore Faith in Government
- 50:15Speaker 3: Act and it calls for banning political stock trading. There's
- 50:19Speaker 3: been around five bill for her. Yeah, yeah, she's been
- 50:21Speaker 3: She had a bill with Matt Gates.
- 50:23Speaker 2: Yeah.
- 50:25Speaker 3: The bill that's got the farthest And this is where
- 50:28Speaker 3: this is just frustrates me with all the stuff going on,
- 50:31Speaker 3: is there was a bill introduced by Josh Howley, John
- 50:35Speaker 3: oss Off and a couple other politicians.
- 50:38Speaker 1: Uh.
- 50:38Speaker 3: The reason why that one's important is because they got
- 50:40Speaker 3: that to the Senate and in the Senate while they
- 50:42Speaker 3: were in one of the committees. The way that the
- 50:45Speaker 3: bills enter the floor is they have to get passed
- 50:47Speaker 3: off by the committee. This is the bill that made
- 50:50Speaker 3: it the farthest. In that bill though they offered kind
- 50:54Speaker 3: of four things. First, members can't trade stocks by twenty
- 50:58Speaker 3: twenty five. This was introt twenty twenty four. Members can't
- 51:00Speaker 3: trade stocks. Second, spouses and dependents can't trade stocks through
- 51:05Speaker 3: twenty twenty seven. Third, any private investment you have you
- 51:12Speaker 3: have to sell out of to run to become a politician. No,
- 51:17Speaker 3: no one has ever asked for that. That has never
- 51:20Speaker 3: come up, and that became a big, big problem. This
- 51:23Speaker 3: is where it gets scaring. We have to be careful
- 51:25Speaker 3: with like what we're essentially pushing for. So what everyone
- 51:28Speaker 3: is asked for on these bills is no trading, No
- 51:32Speaker 3: members in their spouses can trade, put it in a
- 51:34Speaker 3: blind trust. Now this fourth bill, no trading, no members
- 51:37Speaker 3: and spouse blind trust. But also you have to sell
- 51:40Speaker 3: out of every private investment. And that when they started
- 51:44Speaker 3: debating it, Mitt Romney, Tim Scott and a couple other
- 51:49Speaker 3: politicians on it were like, wait a second, we can't
- 51:52Speaker 3: vote yes on this. Like, let's take if you guys
- 51:55Speaker 3: are telling me that any future politician that wants to
- 51:58Speaker 3: run has to sell out of private investments that could
- 52:01Speaker 3: become a major major problem. You know, if you want
- 52:04Speaker 3: to run and be a politician, you'd have to sell
- 52:06Speaker 3: out of your businesses. If I were to run, I
- 52:08Speaker 3: would at to sell it to my businesses, a farmer,
- 52:10Speaker 3: at to sell it to this family businesses. Is that right?
- 52:12Speaker 3: Like why are we essentially doing that? And when you
- 52:15Speaker 3: take a step back at the time, and this was,
- 52:17Speaker 3: you know, Kamala versus Trump, Kamala just picked to Waltz
- 52:22Speaker 3: to be the VP, and you think about where the
- 52:24Speaker 3: directions of each parties are going. If you have a
- 52:27Speaker 3: bill out there that bans politicians from owning in private investments,
- 52:33Speaker 3: you are turning off kind of a whole part of
- 52:36Speaker 3: future people.
- 52:38Speaker 2: Yeah, And I mean, you know you do kind of
- 52:44Speaker 2: want people who are invested in the country, you know,
- 52:48Speaker 2: who have some like longitudinal stake in America. Yeah, I
- 52:51Speaker 2: mean I do think that, Like I'm fighting for my
- 52:54Speaker 2: That's why I believe in home ownership, you know, because
- 52:56Speaker 2: like I own a piece of ground here, you know,
- 52:58Speaker 2: in my country.
- 52:59Speaker 3: And you know it's you had Trump in jd Vance.
- 53:03Speaker 3: Jd Vance probably the most in my lifetime, the smartest,
- 53:07Speaker 3: like most accomplished like guy running for politics that I've
- 53:12Speaker 3: ever seen I think he's just tremendous. You got him
- 53:17Speaker 3: with Trump business guy's first politician second. Yeah, you got
- 53:20Speaker 3: the VEC business politician second. On the other side, you
- 53:23Speaker 3: got Kamala career long politician twenty plus years Tim Waltz,
- 53:29Speaker 3: Tim Walts, you have to disclose what you own. He
- 53:32Speaker 3: doesn't own anything like you even just said, like I
- 53:35Speaker 3: own part of land in America. He doesn't. From my memory,
- 53:39Speaker 3: he doesn't own a house. The only thing he owned
- 53:41Speaker 3: on that public disclosure was a teacher's pension. And then
- 53:45Speaker 3: you start it's like, where can we go with this
- 53:48Speaker 3: path of you know, pro business, successful competent people running
- 53:55Speaker 3: our country versus career long politicians that just know how
- 53:59Speaker 3: to play the game of thrones in politics to be
- 54:01Speaker 3: able to get to why they're exactly nicely put that
- 54:04Speaker 3: scared the shit out of me when they started talking
- 54:07Speaker 3: about that at that.
- 54:08Speaker 2: Uh, well, it maybe just a way to kill the
- 54:10Speaker 2: whole idea.
- 54:11Speaker 3: So that was the other thing. Is that a kill pill?
- 54:12Speaker 3: And I again, this is why I don't know.
- 54:15Speaker 2: Yeah, just don't use insider information that you get with
- 54:17Speaker 2: my money in the car. We own all that information
- 54:19Speaker 2: that belongs to us, does not belong to Mike McCall
- 54:22Speaker 2: or any of these other douchebags, corrupt douchebags like Mike McCall,
- 54:27Speaker 2: who's I just want to say it is a corrupt douchebag.
- 54:29Speaker 2: I just want to say that really clearly. But they
- 54:31Speaker 2: don't own this information. It belongs to the public. It
- 54:34Speaker 2: belongs to the US government, which is owned by the
- 54:36Speaker 2: people who are citizens of this country. So just stop that. Yeah,
- 54:40Speaker 2: but you don't want to encourage like government by you know,
- 54:43Speaker 2: people who own nothing, like what government by the homeless.
- 54:46Speaker 2: I want people who are like, no, my kids live here,
- 54:48Speaker 2: my grandkids live here, this is our family farm or whatever.
- 54:51Speaker 2: Like you want that skin in the game, skin in
- 54:54Speaker 2: the game. I'm no text this country because it's mine.
- 54:56Speaker 3: Yeah, and give me the I'll give you the outcome.
- 55:01Speaker 3: It's like if you have politicians that are incentivized for
- 55:05Speaker 3: the good of American families, you know, it's like, I
- 55:08Speaker 3: totally agree kids Trump pro family exactly. You're going to
- 55:12Speaker 3: build for your grandkids, not for you.
- 55:14Speaker 2: I would ban childless politicians from having too much power. Yeah,
- 55:18Speaker 2: it's like you're not. I just know anyone who has
- 55:20Speaker 2: kids will tell you it's like, you're really worried about
- 55:22Speaker 2: that at a certain point, why do you care. You're
- 55:24Speaker 2: going to die anyway, but you care about the next generation.
- 55:27Speaker 1: You know.
- 55:27Speaker 3: Yeah, And you know, give ro Kahana credit. The representative
- 55:31Speaker 3: out of San Francisco. He's doing a lot on social media.
- 55:35Speaker 3: He doesn't have as much power, but he's calling for
- 55:37Speaker 3: term limits. And I think because we're looking at you
- 55:40Speaker 3: know again, I'm twenty nine, I'm not I don't I'm
- 55:43Speaker 3: just out of here just calling citizen journalism on X
- 55:46Speaker 3: being like this is ridiculous. Let me build with my
- 55:49Speaker 3: Like my skill set is I feel like I can do.
- 55:52Speaker 3: I know how to use social media algorithms, and I
- 55:55Speaker 3: know how to build a product to get people involved
- 55:56Speaker 3: in it. Let me use this as the best way
- 55:58Speaker 3: in my ability as an America consitizen to promote change,
- 56:02Speaker 3: to bring trust back into the institutions. A big part
- 56:05Speaker 3: of the problem looking at it is like, what are
- 56:07Speaker 3: these eighty five year olds doing?
- 56:08Speaker 2: I agree, and you know it's just so obviously unwise,
- 56:13Speaker 2: you know, yeah, at eighty five, at seventy five, you know,
- 56:18Speaker 2: it's just harder to don't have the mental acuity. That's
- 56:21Speaker 2: just a fact. It's a biological fact. But ignoring biology
- 56:23Speaker 2: is one of our main army pastimes at this point.
- 56:26Speaker 3: I've grown up with that. Yeah, my mom's a pediatrician.
- 56:29Speaker 2: I really believes in biology. Oh, for sure, that's free funny.
- 56:35Speaker 2: So tell us about the war stocks. I'm sorry, I
- 56:40Speaker 2: had to calm down before you went down. That that's
- 56:43Speaker 2: really dark. Do you think it's possible that people are
- 56:45Speaker 2: encouraging war because they're profiting from it?
- 56:49Speaker 3: Yeah? That this is the This topic gets a lot
- 56:53Speaker 3: of conversation on TikTok and Instagram, particularly just mainly because
- 56:59Speaker 3: it's like warmongering, not war wongering. The idea of even
- 57:03Speaker 3: being able to profit from war probably shouldn't be allowed,
- 57:06Speaker 3: of course not, but they do. And you know whether
- 57:10Speaker 3: they do it inherently or not. If the three main
- 57:13Speaker 3: companies are Lockheed Martin, General Dynamics and Ratheon Technologies, Raytheon,
- 57:19Speaker 3: Raytheon's hard because Raytheon is the company behind the Israel's
- 57:23Speaker 3: Iron Dome.
- 57:23Speaker 2: Yes, so.
- 57:26Speaker 3: Israel and Hamas. That's pro Raytheon, like Rathon is now
- 57:30Speaker 3: selling missiles for the Iron Dome that we're watching on
- 57:33Speaker 3: X go off every two days. Back then, when that
- 57:36Speaker 3: all with Iran and all that and m Lebanon. But
- 57:42Speaker 3: the politicians Mark Waynemullen, he sits on the Armed Services Committee,
- 57:46Speaker 3: he owns Ratheon and lockeed Martin And we've called them
- 57:50Speaker 3: out for it because that's to another degree because you
- 57:53Speaker 3: sit on the committee. Uh, never never heard anything about it. Unusual.
- 57:58Speaker 3: Wales has a great report, poss believe.
- 58:00Speaker 2: And again I've only met Mark Waynemullen once. He's a
- 58:03Speaker 2: friend of a friend of mine who says he's great.
- 58:05Speaker 2: He seemed nice. But what could possibly be the excuse
- 58:09Speaker 2: for owning defense stocks if you sit on the compety
- 58:12Speaker 2: funds them? Yeah?
- 58:13Speaker 3: So my this is what's the problem with the way
- 58:16Speaker 3: that they disclose right now is I don't know which
- 58:19Speaker 3: ones are theirs or which ones are being run by
- 58:22Speaker 3: a financial advisor, because to some of some of them
- 58:26Speaker 3: have financial advisers running their portfolios, but they still have
- 58:28Speaker 3: to disclose it. My hope is that it's financial advisors
- 58:32Speaker 3: running some of these.
- 58:34Speaker 2: I hope would they And I'm sure that's right. I mean,
- 58:36Speaker 2: I guess I have stocks, have no idea what they are,
- 58:38Speaker 2: and you know whatever, I've got some person doing that,
- 58:43Speaker 2: I guess, But I would hope that they would be
- 58:47Speaker 2: thoughtful enough that if you sit on a committee that's
- 58:50Speaker 2: you know, overseeing an industry, that you would just call
- 58:52Speaker 2: up into your broker and say, hey, we can't buy
- 58:54Speaker 2: anything that I regulate.
- 58:56Speaker 3: Five minutes, that's all it takes.
- 58:58Speaker 1: Right.
- 58:58Speaker 2: Yeah, and again this is and you put that out
- 59:02Speaker 2: there publicly and he still owns those.
- 59:03Speaker 3: Yeah. We call out everybody. Yeah, yeah, there's no one
- 59:07Speaker 3: that we I there's no politics. Like we called out
- 59:09Speaker 3: the new politician this morning. I can't remember his name,
- 59:13Speaker 3: Republican from Kentucky who sits on the Accountability Committee. He
- 59:19Speaker 3: traded for the first time in three years. We made
- 59:22Speaker 3: a tweet about him. Uh, Dan Goldman. So Dan Goldman,
- 59:27Speaker 3: he's a rich guy from New York. We called him
- 59:30Speaker 3: out to the point where he stopped trading because we
- 59:33Speaker 3: were making all these.
- 59:33Speaker 2: Tweets of like he's got a ton of inherited money.
- 59:36Speaker 3: A ton of inherited money. Yeah, and credit to him.
- 59:38Speaker 3: But I think this is the power of social media
- 59:40Speaker 3: and I think this is a win in my opinion.
- 59:41Speaker 3: It is like put it in a blind trust or
- 59:45Speaker 3: just tell your uh, while you're a freaking politician, just
- 59:49Speaker 3: go put it in the market, Like just don't buy
- 59:51Speaker 3: individual stocks for the four or five years, eight ten years,
- 59:54Speaker 3: just putting it an index fund. Yeah, it's not just
- 59:57Speaker 3: do what everyone else is doing, you know, Like, well
- 1:00:00Speaker 3: that's such a good point. It's not rocket science. And
- 1:00:03Speaker 3: that's why I don't feel bad for calling out anybody,
- 1:00:06Speaker 3: because it's like like Dan Crenshaw, you're going to complain
- 1:00:10Speaker 3: about it, Just sell out of it and go put
- 1:00:12Speaker 3: in an index fund. No one's stopping you.
- 1:00:14Speaker 2: Well, then you could plausibly say if you had an
- 1:00:16Speaker 2: index fund, which is just the whole market, you could
- 1:00:18Speaker 2: just say, I'm betting on America. Great, good for you.
- 1:00:21Speaker 3: I want you to do that, pro America. And that's why,
- 1:00:24Speaker 3: like if you were to ask me what is the solution,
- 1:00:27Speaker 3: I think the solution is kind of two things. For
- 1:00:30Speaker 3: how do you solve this whole thing? And again, like
- 1:00:32Speaker 3: our mission is, we're trying to instill trust back in society.
- 1:00:35Speaker 3: Like I'm pro America. You know, I want my grandkids
- 1:00:38Speaker 3: to do well. I don't think a society functions if
- 1:00:41Speaker 3: you can't trust your institutions. That's right, and it starts
- 1:00:44Speaker 3: with the politicians. Like look at I'm going off on
- 1:00:47Speaker 3: a tangent, but at least I live in La California.
- 1:00:51Speaker 3: Your heart breaks for it, and then you just start like,
- 1:00:53Speaker 3: I don't know what to believe because these you got newsome,
- 1:00:56Speaker 3: you got everything going on on X there's conflicting sides,
- 1:01:00Speaker 3: and you go on and you say, hey, if you loot,
- 1:01:04Speaker 3: you will get arrested. Okay, you guys are telling me
- 1:01:07Speaker 3: that I've watched for the past two years everybody loot
- 1:01:11Speaker 3: and no one get arrested. So you're now at this
- 1:01:14Speaker 3: point where we're supposed to trust you on this fact that, oh,
- 1:01:17Speaker 3: if you loot now, you'll get arrested. Meanwhile, you've promoted
- 1:01:21Speaker 3: and incentivized that behavior for people to get away with it.
- 1:01:24Speaker 3: And what do you think happens? No one's gonna believe you.
- 1:01:26Speaker 3: The trust is gone. What happens?
- 1:01:28Speaker 2: So do you feel this sidebar but you feel as
- 1:01:31Speaker 2: a resident of La San Monica, you've you've watched looting
- 1:01:34Speaker 2: for the past two years. That's because that's really what
- 1:01:36Speaker 2: it is.
- 1:01:36Speaker 3: Yeah, yeah, I haven't seen it in particular, but I mean,
- 1:01:39Speaker 3: you can't walk into a CVS like the amount of
- 1:01:42Speaker 3: times I've walked into cvs and your heart breaks for
- 1:01:46Speaker 3: the little girl behind the cashier having to deal with
- 1:01:50Speaker 3: these guys is walking in and out like because you
- 1:01:53Speaker 3: do see it, and it's scary. That's looting on smaller proportions,
- 1:01:57Speaker 3: but you for sure see it in California.
- 1:02:00Speaker 2: It's major. I think things fall apart when you see
- 1:02:02Speaker 2: stuff like that. Why doesn't someone shoot them? I always
- 1:02:04Speaker 2: think that I only see it on video. I haven't
- 1:02:06Speaker 2: been to a CVS in a while. Yeah, but I
- 1:02:09Speaker 2: think it's just a it's like you're begging for total
- 1:02:11Speaker 2: collapse if you.
- 1:02:12Speaker 3: Allow that exactly. And my I'm a first principal thinker.
- 1:02:16Speaker 3: I think it's trust. I just don't think people trust
- 1:02:19Speaker 3: that things will get done. And now if you take
- 1:02:22Speaker 3: it out, you know, I love California. I don't think
- 1:02:24Speaker 3: it's as bad as people make it sound. But if
- 1:02:27Speaker 3: you can't trust the politicians, society crumbles. And I see
- 1:02:30Speaker 3: you with the trading. If you can't trust the majority
- 1:02:33Speaker 3: of politicians, America will crumble because why would I believe
- 1:02:37Speaker 3: what the politician is telling me while I'm watching them
- 1:02:40Speaker 3: do these other things right in front of my face
- 1:02:41Speaker 3: and I can't do anything about it. Yes, so we
- 1:02:43Speaker 3: want them banned to get the trust back into that,
- 1:02:46Speaker 3: of course, But The problem with the ban is is
- 1:02:50Speaker 3: it constantly like if in that ban, you would have
- 1:02:55Speaker 3: to ban the kids and you would have to ban
- 1:02:57Speaker 3: the spouses from trading. Is a constitution only allowed to say, hey,
- 1:03:02Speaker 3: you know, say you're a senator from Florida and you're like, hey, Tucker,
- 1:03:08Speaker 3: you want to be a senator? That's fine, but per
- 1:03:10Speaker 3: of the Stock Act, now your kids can't trade stocks
- 1:03:13Speaker 3: and your spouse can't trade stocks. What if your kid
- 1:03:15Speaker 3: is a hedge fund manager or your kid is you know, like,
- 1:03:18Speaker 3: how do you ban that kit? It's hard.
- 1:03:20Speaker 2: It's hard. I mean, well, like any any system is
- 1:03:23Speaker 2: voluntary basically, I mean, if everyone tries to subvert a
- 1:03:26Speaker 2: system of any kind, the system will collapse. So people
- 1:03:29Speaker 2: have to decide, like I want to be a better
- 1:03:31Speaker 2: person and not take everything I can. Don't be greedy,
- 1:03:35Speaker 2: don't be selfish. I mean it's the things you tell
- 1:03:37Speaker 2: your kids, like you should you show up at somebody's
- 1:03:40Speaker 2: house you're eight years old on Halloween and there's a
- 1:03:41Speaker 2: huge basket.
- 1:03:43Speaker 3: You're not taking everything. Don't take don't take everyone. Yeah,
- 1:03:45Speaker 3: when you're Halloween trick of trading, you're not taking every
- 1:03:49Speaker 3: big receas bar they.
- 1:03:50Speaker 2: Don't have Halloween in Africa because people just take every
- 1:03:52Speaker 2: every recess bar but here we always have because there's
- 1:03:56Speaker 2: a lot of self restraint in the population. So what
- 1:03:58Speaker 2: do you do about that? Yeah, I don't know.
- 1:04:01Speaker 3: I don't know either, But I think a solution though
- 1:04:03Speaker 3: can be in this is where like get rid of
- 1:04:07Speaker 3: the delay, make them file the same day so that
- 1:04:09Speaker 3: you increase transparency, allow on that.
- 1:04:11Speaker 2: How long is it now?
- 1:04:12Speaker 3: Forty five days? And I don't I did a lot
- 1:04:15Speaker 3: of reason. I couldn't figure out why there was a
- 1:04:16Speaker 3: delay to begin with, Like I don't understand why why
- 1:04:19Speaker 3: do you need a forty five day delay? I don't know.
- 1:04:22Speaker 3: That's prey the Stock Act. But also once you get
- 1:04:25Speaker 3: rid of the delay, just make it so that either
- 1:04:28Speaker 3: the politicians have to invest in a blind trust or
- 1:04:32Speaker 3: major ETFs, or if you're not going to go that far,
- 1:04:35Speaker 3: just don't allow them to trade companies they oversee. And
- 1:04:38Speaker 3: it's very very simple. If I'm a consultant covering pharmaceutical
- 1:04:43Speaker 3: industry at Deloitte, Deloitte does not allow that consultant to
- 1:04:47Speaker 3: buy pharmaceutical stocks. They can buy other stocks, they can't
- 1:04:50Speaker 3: buy pharmaceutical And like it's all just a step in
- 1:04:54Speaker 3: the right direction towards something that like we can get
- 1:04:57Speaker 3: on the right path to trusting the politicians again.
- 1:05:00Speaker 2: That's like I think the facts you're watching makes a
- 1:05:01Speaker 2: big difference. Yeah, I mean it has to write.
- 1:05:04Speaker 3: I think it has.
- 1:05:05Speaker 2: That's what I tell myself, thought about you know, calling
- 1:05:08Speaker 2: DJ or copying DJ on some of these social media
- 1:05:13Speaker 2: posts and saying, you know, maybe there's there should be
- 1:05:16Speaker 2: a criminal referral here.
- 1:05:17Speaker 3: Yeah, and we haven't. Maybe that's the next step. The
- 1:05:22Speaker 3: SEC has never investigated any of them, and I think
- 1:05:24Speaker 3: the SEC just has a ton of stuff on their hands,
- 1:05:26Speaker 3: to be honest, Like that's for sure, we'll see what
- 1:05:28Speaker 3: happens because there's a lot of cruption in the country now.
- 1:05:30Speaker 2: It's not yet Congress and.
- 1:05:32Speaker 3: Yeah, and the the hard part about this is the
- 1:05:35Speaker 3: SEC with there's billion dollar schemes like they should have
- 1:05:38Speaker 3: found SBF, you know kind of thing. The politicians is
- 1:05:41Speaker 3: not the major, major thing on the monetary side, but
- 1:05:45Speaker 3: it is though on the public image side. And that's
- 1:05:49Speaker 3: what I think, Like, I don't think people understand the
- 1:05:51Speaker 3: long term effects of not trusting institutions.
- 1:05:54Speaker 2: You agree, And there should be a priesthood, a secular
- 1:05:56Speaker 2: priesthood in charge.
- 1:05:57Speaker 3: Yeah, I know.
- 1:05:58Speaker 2: That's why they call them public servants. Yeah, you know,
- 1:06:01Speaker 2: they're giving up something to serve their country. I don't
- 1:06:04Speaker 2: think that's unfair to ask people.
- 1:06:05Speaker 3: I feel like they've forgotten about it. They forgot the
- 1:06:07Speaker 3: whole I've noticed.
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- 1:06:48Speaker 2: Best nicotine pouch in the world. How are defense stocks doing?
- 1:06:55Speaker 3: They're up, They're up. They had a. They weren't up
- 1:06:59Speaker 3: earlier this year, I believe, but I think they are.
- 1:07:02Speaker 3: I think the one that I followed in particular is Ratheon,
- 1:07:05Speaker 3: and I think Raytheon's up around eighty percent. So my
- 1:07:07Speaker 3: thought is Lockheed and General Dynamics are up to but
- 1:07:11Speaker 3: there's smaller ones. I mean, Tommy Tubervill bought this company
- 1:07:13Speaker 3: called huma Site. And what Humicite does is it treats
- 1:07:19Speaker 3: soldiers injured in war in Ukraine. And he bought that stock.
- 1:07:23Speaker 3: We flagged it because he sits on the Armed Services Committee,
- 1:07:27Speaker 3: and if you go on the Armed Services website, it
- 1:07:29Speaker 3: literally says helping companies do military research. He buys a
- 1:07:35Speaker 3: company that does military research. The stock was up I think,
- 1:07:38Speaker 3: like at the peak of it one hundred percent. He
- 1:07:40Speaker 3: sold out early, so I think he made thirty percent.
- 1:07:43Speaker 3: But it's not even just like my point is, it's
- 1:07:45Speaker 3: not necessarily even just Lockheed Raytheon, right, it's these companies
- 1:07:49Speaker 3: that get military government contracts to help the the long.
- 1:07:53Speaker 2: Tails all Northern Virginia.
- 1:07:55Speaker 3: Yeah right there, I know. Yeah, I was listening to
- 1:07:57Speaker 3: a couple of your other podcasts.
- 1:07:58Speaker 2: Yeah no, I mean, I'm I've spent my life there
- 1:08:01Speaker 2: so I'm deeply resentful, and it's also very ugly, which
- 1:08:04Speaker 2: tells you a lot. What they do for a living
- 1:08:05Speaker 2: is ugly. Killing people is the ugliest thing you could do.
- 1:08:08Speaker 2: But they've also constructed an incredibly ugly world physically, like
- 1:08:11Speaker 2: if you drive from Dolls Airport into the city, you
- 1:08:14Speaker 2: see not a single pretty building. Everything is awful, and
- 1:08:17Speaker 2: it's a reflection of their souls in my opinion. Others disagree.
- 1:08:22Speaker 2: Tell us and I went right over this. I'm sorry,
- 1:08:24Speaker 2: but about Jim Kramer, you have an inverse Jim Kramer.
- 1:08:27Speaker 2: So if you were to invest with Jim Kramer, would
- 1:08:32Speaker 2: you do better or worse than say, Debbie Washerman, Schultzer
- 1:08:34Speaker 2: Nancy in twenty.
- 1:08:35Speaker 3: Twenty four, you would have done better. And this is
- 1:08:38Speaker 3: all up. If people want to go on join autopilot
- 1:08:40Speaker 3: dot com or even on our app Autopilot, you'll see
- 1:08:43Speaker 3: all these numbers because I don't want to mess up
- 1:08:45Speaker 3: the numbers. And yeah, of course, yeah, but Kramer was
- 1:08:48Speaker 3: up forty eight percent, stock market was up around twenty
- 1:08:51Speaker 3: five percent. He was up not inverse, sorry, sorry, inver
- 1:08:54Speaker 3: inverse Kramer was up.
- 1:08:55Speaker 2: Oh in verse crowd. Okay, So so when you're talking
- 1:08:58Speaker 2: about Cremer, you're talking about Kramer's. Yeah, do the opposite.
- 1:09:01Speaker 3: Opposite of Kramer was up forty eight percent, and we
- 1:09:03Speaker 3: balance that thing on a monthly basis. He has his
- 1:09:06Speaker 3: own stock group, which maybe we'll pay to get the
- 1:09:09Speaker 3: subscription in to actually see the stocks that he's talking about.
- 1:09:12Speaker 3: He has this through c NBC.
- 1:09:15Speaker 2: But yeah, it Kramer has done forty eight That's that's crazy.
- 1:09:22Speaker 2: It's do you think it's a gag? Like I think
- 1:09:27Speaker 2: it's social media. Not even social media. I think it's
- 1:09:29Speaker 2: just how media works. It's headlines and you have to
- 1:09:33Speaker 2: talk about But he's like a Harvard graduate who's like
- 1:09:35Speaker 2: a genius everybody. So, I mean, I know he's obviously
- 1:09:37Speaker 2: not a genius, but but he's employed to tell you
- 1:09:41Speaker 2: about the stock market. But betting against him gets you
- 1:09:43Speaker 2: forty eight percent? Like how does that?
- 1:09:44Speaker 3: And he has a private stock market group that does
- 1:09:48Speaker 3: all this stuff that he tells people with personal stock
- 1:09:52Speaker 3: picks and stuff like that. So it's not even just
- 1:09:53Speaker 3: he gets employed and does it on social media and TV.
- 1:09:56Speaker 3: He has a personal group that does it. But yeah,
- 1:10:00Speaker 3: that one blows my mind because I don't know how.
- 1:10:03Speaker 3: I don't know how you can say, don't you know,
- 1:10:06Speaker 3: sell Tesla and the stock goes up one hundred percent.
- 1:10:08Speaker 3: There's a tremendous video from when early days with Tesla
- 1:10:13Speaker 3: when Kramer is essentially talking about Tesla says it's trash,
- 1:10:17Speaker 3: get rid of it, don't even talk about it. From
- 1:10:19Speaker 3: that day, the stock some thousands, thousands and thousands of
- 1:10:23Speaker 3: percent up and Elon loves me.
- 1:10:25Speaker 2: You think that is? Do you think like Kramer? Like
- 1:10:29Speaker 2: why would they employ Kramer? How could he be that
- 1:10:33Speaker 2: bad if you just employed like your dog, Yeah, or
- 1:10:37Speaker 2: a whole bunch of dogs get a chicken. Yeah, exact amount,
- 1:10:40Speaker 2: but that's exactly right. Yeah. Do you have any guesses?
- 1:10:44Speaker 1: No?
- 1:10:45Speaker 3: I mean I think like if I'm thinking about it,
- 1:10:50Speaker 3: because I haven't really thought too much about it on
- 1:10:53Speaker 3: the sense of how does it actually like, how can
- 1:10:56Speaker 3: it actually do it so well? My thought is maybe though,
- 1:10:59Speaker 3: like the way that the markets work, and I'm no
- 1:11:01Speaker 3: expert at this, is you know, you want to buy
- 1:11:04Speaker 3: the news and sell the or buy the build up
- 1:11:07Speaker 3: and then you sell the news. Yeah, Kramer could just
- 1:11:09Speaker 3: be slow with getting onto these popular stocks so that
- 1:11:13Speaker 3: by the time he's talking about Tesla, by the time
- 1:11:15Speaker 3: he's talking about Hey, you know, go buying video. It's like, yeah,
- 1:11:19Speaker 3: everyone's been talking about in video for six months before
- 1:11:21Speaker 3: you start talking about it. The portfolio that we have
- 1:11:24Speaker 3: for him on autopilot is fifteen million dollars following him
- 1:11:27Speaker 3: following his inverse picks. So essentially there's a we have
- 1:11:32Speaker 3: a pseudo etf ish sort of thing that does the
- 1:11:36Speaker 3: exact too, based on his stupidity, all based on his stupidity, yeah,
- 1:11:39Speaker 3: or all based on what he thinks is right that
- 1:11:42Speaker 3: turns out to be wrong.
- 1:11:44Speaker 2: That's incredible that you can't venture backing for all because
- 1:11:48Speaker 2: it does sound like, yeah, I love everything, I love
- 1:11:51Speaker 2: it all, but the fact that you made a business
- 1:11:53Speaker 2: out of it is especially amazing. Yeah.
- 1:11:54Speaker 3: Yeah, yeah, that's been a journey. And again like I
- 1:11:58Speaker 3: don't come from this world. You know, I was living
- 1:12:00Speaker 3: and Bali before we started this thing, and Brian Aaron Scott,
- 1:12:04Speaker 3: my co founders, like we all did this stuff together.
- 1:12:07Speaker 3: We didn't think it would get this big. We got
- 1:12:09Speaker 3: a lot of no's and like the slogan of what
- 1:12:12Speaker 3: our app essentially was was invest like a politician. So like,
- 1:12:15Speaker 3: if your app says invest like a politician, how big
- 1:12:18Speaker 3: can that thing actually become. How popular can that actually be?
- 1:12:21Speaker 3: Turns out it could be very popular because not only
- 1:12:24Speaker 3: are they good, it's also the perfect It's the perfect
- 1:12:28Speaker 3: way to highlight the hypocrisy, because it's like, what better
- 1:12:31Speaker 3: way to highlight the hipocrisy of politician stock trading than
- 1:12:34Speaker 3: to literally build an app to invest alongside that hypocrisy.
- 1:12:38Speaker 3: And the next thing you know, you got ABC News
- 1:12:40Speaker 3: talking about us. Elon's retweeted US major thanks to you.
- 1:12:45Speaker 3: This is the first time we've ever had a long
- 1:12:47Speaker 3: form conversation about this. Our app is when we launched it,
- 1:12:50Speaker 3: we were a number two in the app store. No,
- 1:12:53Speaker 3: the whole thing blew up right before our very eyes. Yeah,
- 1:12:56Speaker 3: and the Pelosi tracker was a great part of that.
- 1:13:00Speaker 3: But we have much much bigger, much broader ambitions, and
- 1:13:03Speaker 3: that's where the venture, the venture backed parts.
- 1:13:06Speaker 2: What's so cool is that, so you've built a whole
- 1:13:07Speaker 2: business mocking and simultaneously profiting from the corruption of politicians,
- 1:13:14Speaker 2: but you're at the same time calling for an end
- 1:13:17Speaker 2: to it.
- 1:13:19Speaker 3: If we lose the politicians stoctrating, we lose a major
- 1:13:22Speaker 3: chunk of our business, for sure, But you're still in
- 1:13:24Speaker 3: favor of losing it. One hundred percent, one hundred percent
- 1:13:27Speaker 3: because our mission is to still trust back in the institutions.
- 1:13:31Speaker 3: And I I'm not an expert at this but this topic.
- 1:13:35Speaker 3: But like the way that we see it is knock
- 1:13:39Speaker 3: out the politicians. And this is all through autopilot. Autopilots
- 1:13:42Speaker 3: are like our slogan and the broader when we pitch
- 1:13:44Speaker 3: in beast the way, yeah, I know, put your money
- 1:13:46Speaker 3: on it. It's to redefine money management. So I'm twenty
- 1:13:51Speaker 3: nine and we're about to go through the greatest wealth
- 1:13:53Speaker 3: transfer in the history of the world. You know, eighty
- 1:13:56Speaker 3: five trillions about to be parked on people like my doorstep.
- 1:14:00Speaker 3: Say I get half a million.
- 1:14:01Speaker 2: Dollars when the boomers.
- 1:14:03Speaker 3: Yeah, yeah, that's when the boomers, And part of that
- 1:14:05Speaker 3: money is in housing, but there still is a lot
- 1:14:07Speaker 3: that goes into money management. Seventy five percent of kids
- 1:14:13Speaker 3: who inherit their parents' money fire their parents' financial advisor
- 1:14:17Speaker 3: the day they get that money. So now you got
- 1:14:19Speaker 3: a kid who has half a million dollars parked on
- 1:14:22Speaker 3: his lap. Fire is the financial manager because it's like,
- 1:14:24Speaker 3: who the heck are you? And now they have to
- 1:14:27Speaker 3: make the decisions of how do I invest this money.
- 1:14:29Speaker 3: Do I do it on my own? Do I do
- 1:14:31Speaker 3: it through a Google search? Pick the top financial advisor?
- 1:14:33Speaker 3: Do I do it through a friend? We think there's
- 1:14:36Speaker 3: a lot of problems in that and there's no trust
- 1:14:40Speaker 3: in transparency in those decisions. So with Autopilot, what we're
- 1:14:43Speaker 3: trying to do is solve that trust in transparent way
- 1:14:46Speaker 3: by building a marketplace to find a money manager and
- 1:14:50Speaker 3: then invest through that money manager in a way that
- 1:14:52Speaker 3: you still have control. And I think, like what you
- 1:14:55Speaker 3: said earlier, and I'm sorry for ramblin, but no, I
- 1:14:57Speaker 3: love it. The big, big thing that we're trying to
- 1:15:01Speaker 3: do is we're trying to ensure that people's money and
- 1:15:05Speaker 3: builds the futures that they want. And I think in
- 1:15:07Speaker 3: twenty thirty, twenty thirty five, twenty forty, this is going
- 1:15:10Speaker 3: to become a bigger and bigger thing. And a good
- 1:15:12Speaker 3: example of the early inklings of this is this. Whether
- 1:15:15Speaker 3: it's conspiracy theory or not, you know, we'll we'll see
- 1:15:18Speaker 3: what happens with it. But this topic of Blackrock and
- 1:15:22Speaker 3: Vanguard having money and taking the assets in their own
- 1:15:28Speaker 3: ETFs and stuff and using that to sway public laws
- 1:15:34Speaker 3: and public opinion in the company in the states that
- 1:15:37Speaker 3: they oversee. They're getting sued in Texas, they're getting sued
- 1:15:40Speaker 3: in Florida. And part of like whether again, whether that's
- 1:15:43Speaker 3: true or not. What annoys me personally when I invest
- 1:15:47Speaker 3: is I want to make sure that my money goes
- 1:15:49Speaker 3: towards my beliefs. And if you have someone else managing
- 1:15:52Speaker 3: your money, or you put your money in a Vanguard,
- 1:15:54Speaker 3: you put your money in a black rock, there's possibilities
- 1:15:57Speaker 3: for that to happen at a much broader scale. And
- 1:16:00Speaker 3: if you do it on your own, that's exactly, and
- 1:16:02Speaker 3: that's like what we're trying to we're trying to build that.
- 1:16:05Speaker 3: We're trying to essentially build out the way that you
- 1:16:07Speaker 3: can have your money managed without you having to sacrifice
- 1:16:10Speaker 3: your own values, your own voter light rights, your own
- 1:16:12Speaker 3: belief exactly.
- 1:16:14Speaker 2: Yeah, you don't want to turn move your money to
- 1:16:16Speaker 2: someone who is trying to eliminate all your rights.
- 1:16:18Speaker 3: I mean, that's crazy, it's contradictory, and it works for
- 1:16:22Speaker 3: both sides like it. I don't for me personally, Pro America,
- 1:16:26Speaker 3: I don't want any dollars invested in Chinese stocks, and like,
- 1:16:30Speaker 3: if I have, you know, maybe a couple hundred bucks
- 1:16:32Speaker 3: if you're trying to swing in ali Baba. But if
- 1:16:34Speaker 3: like you got half a million dollars in the retirement,
- 1:16:37Speaker 3: I don't want any of that invested in ali Baba
- 1:16:40Speaker 3: because inherently you are funding a future where ali Baba succeeds.
- 1:16:46Speaker 3: Like do you want that? And the other side is
- 1:16:48Speaker 3: like we have customers and we have clients that are like,
- 1:16:50Speaker 3: I don't want my money building invested in oil companies,
- 1:16:53Speaker 3: like I want to be pro ev It's like, okay,
- 1:16:56Speaker 3: but did you know that you got your retirement account
- 1:16:58Speaker 3: with these other people and they they have money in
- 1:17:02Speaker 3: chevron oxy?
- 1:17:03Speaker 2: Right?
- 1:17:03Speaker 3: You know things like that. That's like what we're trying
- 1:17:06Speaker 3: to solve and trying to build to. And again, it
- 1:17:07Speaker 3: all starts with just trust. Because if you can't trust
- 1:17:11Speaker 3: even where your money is being invested, what does that mean?
- 1:17:14Speaker 3: In my opinion, that means society is worse off because
- 1:17:18Speaker 3: you don't even trust how your money is being managed
- 1:17:21Speaker 3: in that state that you're in.
- 1:17:22Speaker 2: Right, And it changes people if they conclude that the
- 1:17:25Speaker 2: whole the whole deal is a scam. Yeah, I live
- 1:17:30Speaker 2: a lot of the You're in a really rural area
- 1:17:32Speaker 2: and my whole life. The no one I knew ever
- 1:17:35Speaker 2: took any government benefits because the idea was that we're
- 1:17:38Speaker 2: like proud, you know, working class people were not doing that.
- 1:17:41Speaker 2: And then the state brought in all these immigrants from
- 1:17:43Speaker 2: Africa and gave them everything, you know, houses, phones, airplane tickets,
- 1:17:49Speaker 2: food vouchers, free medical Just these are immigrants getting all
- 1:17:53Speaker 2: this free stuff. And everyone in the town where I am,
- 1:17:56Speaker 2: which is very few immigrants or people, are not everyone
- 1:17:59Speaker 2: people I knew, Like wait a second. You know, I
- 1:18:01Speaker 2: served in the military, I've worked, paid text my whole wife.
- 1:18:03Speaker 2: I never gotten anything from the government. Screw it. I'm
- 1:18:06Speaker 2: putting in for any any benefit I possibly can in it,
- 1:18:09Speaker 2: and it you know, it's easy for me to disapprove
- 1:18:12Speaker 2: because I'm rich, so it's like I don't have to
- 1:18:14Speaker 2: do that, but I got it. It's like they all
- 1:18:16Speaker 2: of a sudden realize people who've lived in this country
- 1:18:18Speaker 2: their whole lives, you know, did a lot for the country.
- 1:18:21Speaker 2: I would argue, they realized the whole thing's are freaking scam,
- 1:18:23Speaker 2: so I might as well get in on it. If
- 1:18:25Speaker 2: you have that attitude, man, things fall apart like that.
- 1:18:28Speaker 3: Look at COVID exactly happened with all the COVID loans,
- 1:18:32Speaker 3: the PBO stuff for whatever. Pelosi was a big part
- 1:18:34Speaker 3: of this too, the PPO with the employees. So there's documents.
- 1:18:40Speaker 3: So Pelosi owns a hotel up in Napa, I think
- 1:18:44Speaker 3: it's a hotel and she has had this one property
- 1:18:49Speaker 3: that has made one hundred thousand dollars lost one hundred thousand.
- 1:18:52Speaker 3: You all have to file this every year and in
- 1:18:54Speaker 3: it you have your income made one hundred k lost
- 1:18:57Speaker 3: hundre k, made one hundred k, los andre k that
- 1:19:00Speaker 3: COVID happened, they made five million plus in profit. So
- 1:19:05Speaker 3: how do you go from And this is income, This
- 1:19:08Speaker 3: isn't necessarily even just like like it's not necessarily loans
- 1:19:11Speaker 3: or anything. This is income. You lose one hundred K,
- 1:19:14Speaker 3: you make one hundred k, COVID happens, the loans go out,
- 1:19:18Speaker 3: Your business now makes five million a year. After that
- 1:19:22Speaker 3: you go back down to making one hundred k and
- 1:19:24Speaker 3: then making one hundred k losing hundred K. So there
- 1:19:26Speaker 3: was an anomaly. This came out I think by the
- 1:19:29Speaker 3: New York Post right after Thanksgiving, I think, and they
- 1:19:33Speaker 3: highlight this and it's like, was the corruption around these
- 1:19:37Speaker 3: PPP loans, these you know, COVID loans. Did this get
- 1:19:42Speaker 3: up to the degree that the politicians were benefiting from
- 1:19:45Speaker 3: this too? And it seems like it did. So that's again,
- 1:19:49Speaker 3: like the that frustrates me because that we have a
- 1:19:52Speaker 3: family company. We sell sports compression products, little arm sleeves.
- 1:19:55Speaker 3: We don't necessarily have employees, but you know, we're a
- 1:19:58Speaker 3: small family business. We took out a loan to survive
- 1:20:01Speaker 3: because we sell it in sports. Sports got canceled. We
- 1:20:05Speaker 3: have to pay that loan back, which is fine. We
- 1:20:08Speaker 3: knew that when we took it out that we have
- 1:20:09Speaker 3: to pay this loan back. But that loan money didn't
- 1:20:12Speaker 3: go towards profiting us. It essentially went towards sustaining us.
- 1:20:16Speaker 3: We had to pay it back, though that loan to Pelosi,
- 1:20:19Speaker 3: the five million dollars that she makes it comes in
- 1:20:21Speaker 3: as income. You don't have to pay it back because
- 1:20:25Speaker 3: it's just so messed up.
- 1:20:27Speaker 2: It's disgusting.
- 1:20:28Speaker 3: Yeah, it's again, I don't come from any of this stuff.
- 1:20:33Speaker 3: I had known nothing about the politics and how it
- 1:20:35Speaker 3: was before we started tracking, and it just shocks me
- 1:20:37Speaker 3: of like these rules for thee and not for me.
- 1:20:41Speaker 3: To the every single aspect of our lives.
- 1:20:45Speaker 2: You should be shocked by it. You should fight against it.
- 1:20:47Speaker 1: You are.
- 1:20:48Speaker 2: I hope you get ironically, I hope you get rich,
- 1:20:51Speaker 2: but you against it. And I really appreciate that explanation.
- 1:20:54Speaker 2: It was even more interesting than I thought.
- 1:20:55Speaker 3: Thank you, Thank you, appreciate it, and thank you again
- 1:20:57Speaker 3: for having me on.
- 1:20:58Speaker 2: Dude. You're one of the reasons I like social media.
- 1:21:00Speaker 2: Whenever I think, oh, social media is turning everyone trains
- 1:21:02Speaker 2: and it's bad, then I see what you do and
- 1:21:04Speaker 2: I'm like, no, it's actually there's.
- 1:21:06Speaker 3: Some great things and it's not just us. I think
- 1:21:09Speaker 3: Elon with X Yeah saved everything because we had a
- 1:21:12Speaker 3: Pelosi tracker on Meta band.
- 1:21:16Speaker 2: Then the first week, Yeah, why.
- 1:21:20Speaker 3: I didn't in their disclaimer and whatnot, they said they
- 1:21:22Speaker 3: can't use the name Pelosi tracker.
- 1:21:24Speaker 2: You can't criticize any politician from the Bay Area where.
- 1:21:27Speaker 3: And so we then created and we did the Politician
- 1:21:29Speaker 3: Trade Tracker. So we're on Instagram now. But but Elon
- 1:21:32Speaker 3: with X in the the citizen journalism that's going on,
- 1:21:36Speaker 3: I think that's like the biggest thing that I get
- 1:21:39Speaker 3: I'm proud of, is like in the weather, these news CNNs,
- 1:21:44Speaker 3: Fox News, NBC's and I don't know how they're going
- 1:21:46Speaker 3: to adapt to it, but they have to figure out
- 1:21:48Speaker 3: a way to hit the masses through social media. And
- 1:21:54Speaker 3: the best people at it are these citizen journalists on
- 1:21:57Speaker 3: x that are doing all this work, that are uncovering
- 1:22:00Speaker 3: these stories. They may not have all the facts, they
- 1:22:02Speaker 3: may not be one hundred percent right. There's probably some
- 1:22:04Speaker 3: grift there's out there, but at the end of the day,
- 1:22:06Speaker 3: the conversation is being had and it's a step in
- 1:22:09Speaker 3: the right direction.
- 1:22:10Speaker 2: Oh, it's wonderful. Everything about it is wonderful. Thank you
- 1:22:13Speaker 2: for taking this time, shad it I do.
- 1:22:19Speaker 1: So.
- 1:22:19Speaker 2: It turns out that YouTube is suppressing this show. On
- 1:22:22Speaker 2: one level, that's not surprising, that's what they do. But
- 1:22:24Speaker 2: on another level, it's shocking. With everything that's going on
- 1:22:27Speaker 2: in the world right now, all the change taking place
- 1:22:29Speaker 2: in our economy and our politics, with the wars, one
- 1:22:32Speaker 2: of the custom of fighting right now, Google has decided
- 1:22:35Speaker 2: you should have less information rather than more, and that
- 1:22:39Speaker 2: is totally wrong. It's immoral. What can you do about it, Well,
- 1:22:44Speaker 2: we could wind about it. That's a waste of time.
- 1:22:46Speaker 2: We're not in charge of Google or we could find
- 1:22:48Speaker 2: a way around it, a way that you could actually
- 1:22:50Speaker 2: get information that is true, not intentionally deceptive. The way
- 1:22:54Speaker 2: to do that on YouTube, we think it's a subscribe
- 1:22:57Speaker 2: to our channel. Subscribe, hit the little bell icon to
- 1:23:00Speaker 2: be notified when we upload and share this video. That way,
- 1:23:03Speaker 2: you'll have a much higher chance of hearing actual news
- 1:23:07Speaker 2: and information. So we hope that you'll do that.
- 1:23:10Speaker 1: And there you have it. Everything that this kid is
- 1:23:14Speaker 1: found out well, i'll say kid, but he's in his thirties.
- 1:23:17Speaker 2: Everything this guy and his group found out about they
- 1:23:20Speaker 2: are currently.
- 1:23:23Speaker 1: They've currently created an app to follow all the trades
- 1:23:28Speaker 1: and all the buys that.
- 1:23:29Speaker 2: Centers and congressmen have.
- 1:23:31Speaker 1: They've also done a reverse Dan Kramer investment, so everything
- 1:23:38Speaker 1: that he tells you to invest in, they buy the
- 1:23:40Speaker 1: opposite of and they track those and that has a
- 1:23:43Speaker 1: forty something percent that's amazing to me, has a forty
- 1:23:46Speaker 1: seven percent return rate on it. But anyway, this is Gil,
- 1:23:49Speaker 1: thanks for listening. Hope you guys enjoy it, and I
- 1:23:52Speaker 1: will see you next time later at AP