Latest / Turley Talks / Ep. 3464 Congressman CAUGHT Red-Handed in Blatant Insider Trading Scandal!

Transcript

Ep. 3464 Congressman CAUGHT Red-Handed in Blatant Insider Trading Scandal! · Turley Talks

0:00
[SPEAKER_02]: The liberal globalist order is on its brink and awakening a new conservative age.
0:06
[SPEAKER_02]: Dr. Steve Turley joined me every day as we discover answers to today's toughest challenges and explore the re-bondalization of conservative civilization.
0:18
[SPEAKER_02]: This is Turley Talks.
0:20
[SPEAKER_00]: It's single stock trading ban because it is the credibility of the house and the Senate that you look at some of these eye-popping returns, whether it's a representative Pelosi, Senator Wyden, every hedge fund would be jealous of them.
0:35
[SPEAKER_00]: And the American people deserve better than this.
0:38
[SPEAKER_00]: People don't shouldn't come to Washington to get rich.
0:40
[SPEAKER_00]: They should come to serve the American people and it brings down trust in the system because I can tell you that if any private citizen traded this way,
0:49
[SPEAKER_00]: The SEC would be knocking on their door.
0:52
[SPEAKER_02]: A sitting member of Congress has officially been caught inside her trading.
0:57
[SPEAKER_02]: Now the House Ethics Committee just released a twenty three page report revealing one of the most blatant violations of insider trading laws in congressional history.
1:07
[SPEAKER_02]: It concluded there was substantial evidence that eight term congressmen Mike Kelly did in fact profit by trading stock
1:16
[SPEAKER_02]: on confidential information.
1:18
[SPEAKER_02]: And they haven't dead to rights.
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[SPEAKER_02]: The report includes text messages, emails, trade confirmations, even interviews with Kelly Stockbroker, even a veteran politician like Kelly couldn't talk his way out of this one.
1:33
[SPEAKER_02]: But just wait until you hear his punishment.
1:36
[SPEAKER_02]: You are not.
1:37
[SPEAKER_02]: Get a believe this.
1:38
[SPEAKER_02]: Joining me today to discuss and lay out this case is our good friend Ross given to twenty your veteran
1:44
[SPEAKER_02]: of the stock market and leading authority on insider trading and Ross is also holding one of his very popular amazing free live training events.
1:53
[SPEAKER_02]: This Thursday where he's going to teach you how to see and follow these insider trades to potentially profit right along side of these crooked politicians, but perfectly legally and ethically just click on the link below to register.
2:06
[SPEAKER_02]: You're going to absolutely love it.
2:07
[SPEAKER_02]: Ross, welcome back, man.
2:09
[SPEAKER_02]: Always great to see you.
2:10
[SPEAKER_02]: Good to see you, Dr. Steve.
2:12
[SPEAKER_02]: So, Ross, I'm reading the sort of the right up that you have for this.
2:20
[SPEAKER_02]: I know you've done some videos on it in your YouTube channel.
2:23
[SPEAKER_02]: This is a big deal.
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[SPEAKER_02]: This is not an allegation of imprimity or just some circumstantial evidence.
2:30
[SPEAKER_02]: Apparently there's a mountain of evidence that this guy did it.
2:34
[SPEAKER_02]: He got caught.
2:35
[SPEAKER_01]: Oh yeah, no, he got caught red handed for sure.
2:38
[SPEAKER_01]: That report that just got released.
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[SPEAKER_01]: That was the result of a five year investigation by ten members of the House Ethics Committee and the conclusion they reached, uh, least no room for interpretation.
2:50
[SPEAKER_02]: Well, lay it out for us.
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[SPEAKER_02]: Tell us what happened.
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[SPEAKER_01]: So Mike Kelly, remember the house, he represents the sixteenth district of Pennsylvania.
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[SPEAKER_01]: And within his district, our steel plants are owned and operated by Cleveland cliffs, which is a publicly traded company.
3:06
[SPEAKER_01]: And back in twenty twenty this company, like a lot of others got itself in some trouble stock was getting murders down seventy five percent after covid uh... and of course as i said that wreaked havoc on companies like Cleveland cliffs because they've just got this big massive overhead all these expenses and suddenly the federal government tells you you gotta shut down your plan your people can't come to work even if they couldn't make steel nobody wants it's everything shut down so this company was just hemorrhaging cash
3:35
[SPEAKER_01]: and people were about to lose their job.
3:37
[SPEAKER_01]: So what Representative Kelly did, he stepped in to help.
3:42
[SPEAKER_01]: And just to be clear, so I want to be completely transparent with this, the actions he took first were exactly what he was putting in office to do.
3:50
[SPEAKER_01]: But as you know, he's there to represent his constituents in his district to protect them their livelihoods, the companies there.
3:57
[SPEAKER_01]: It's exactly what he did.
3:58
[SPEAKER_01]: Now, they're not generally supposed to dip their little fingers in the cookie jar and make a few bucks for himself.
4:05
[SPEAKER_01]: But we can, we get to the details of what he did there.
4:08
[SPEAKER_01]: Oh, yeah, that's right.
4:09
[SPEAKER_02]: I was going to sound great.
4:10
[SPEAKER_02]: It sounds great.
4:11
[SPEAKER_02]: It always sounds noble, but yeah, it starts out good.
4:15
[SPEAKER_02]: The steel company in this district's in trouble, a bunch of people are about to lose their jobs.
4:21
[SPEAKER_01]: Right.
4:22
[SPEAKER_01]: So Kelly, he sends a letter to the president.
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[SPEAKER_01]: Ask for help to save the judge's fifteen hundred people across Pennsylvania, Ohio.
4:30
[SPEAKER_01]: They're going to lose their jobs.
4:31
[SPEAKER_01]: And remember, again, this is during COVID, right?
4:33
[SPEAKER_01]: Protecting jobs was, I think going to Trump's top priorities at the time, right?
4:38
[SPEAKER_01]: They give it up PPP funds or printing money left and right anything.
4:42
[SPEAKER_01]: To protect people's livelihoods during was a crazy time.
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[SPEAKER_01]: So Kelly since his letter makes a couple of phone calls all of which is documented by the way, right, is this investigation extremely thorough.
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[SPEAKER_01]: And after a couple of weeks, Cleveland clips got a freaking out.
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[SPEAKER_01]: They're not here.
4:56
[SPEAKER_01]: Anything back.
4:57
[SPEAKER_01]: The CEO calls Kelly says, look, I'm going to start laying people off.
5:02
[SPEAKER_01]: If the government cannot impose some tariffs overseas in the state.
5:07
[SPEAKER_02]: The tariffs.
5:08
[SPEAKER_01]: The tariffs.
5:09
[SPEAKER_02]: Yeah, they said they were there to protect the company from foreign competition.
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[SPEAKER_02]: Keep it.
5:13
[SPEAKER_02]: Right.
5:14
[SPEAKER_02]: That's the basics of tariff.
5:15
[SPEAKER_02]: Yeah.
5:15
[SPEAKER_01]: Exactly.
5:16
[SPEAKER_01]: Right.
5:16
[SPEAKER_01]: So if you're steel costs ten bucks and Mexico's is eight people are going to buy Mexican.
5:20
[SPEAKER_01]: The U.S.
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[SPEAKER_01]: lives a hundred percent tariff on Mexican steel.
5:23
[SPEAKER_01]: They're shoots up to sixteen.
5:24
[SPEAKER_01]: You're the cheapest guy in town.
5:26
[SPEAKER_01]: Right.
5:26
[SPEAKER_01]: It's how they protect them.
5:27
[SPEAKER_01]: And from loves a good tariff.
5:30
[SPEAKER_02]: Yeah, well, that's a big, big, beautiful tariff.
5:32
[SPEAKER_01]: Yeah, he loves a good tariff.
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[SPEAKER_01]: So yeah, listen, Kelly gets to work, makes calls, sends a few more letters and it worked.
5:39
[SPEAKER_01]: But the government agreed to impose these tariffs and this is when things started going down hill for our boy here.
5:46
[SPEAKER_01]: This is when Mike got a little greedy.
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[SPEAKER_01]: And decided to buy stock in Cleveland clips.
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[SPEAKER_02]: And Ross, sorry to cut you off, but just so people are aware of these stock trades that Congress makes.
6:00
[SPEAKER_02]: They're all public, right?
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[SPEAKER_02]: I mean, anyone can see these.
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[SPEAKER_01]: A hundred percent.
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[SPEAKER_01]: Yeah, yeah, Congress is required to report their trades publicly.
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[SPEAKER_01]: They have to tell you what stocks they're buying, how much they're investing.
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[SPEAKER_01]: Anyone can access this stuff.
6:14
[SPEAKER_01]: It's one of the reasons we're having this free training event this Thursday.
6:17
[SPEAKER_01]: Like you said, the links below, but I'm going to show everyone how to track this information, how to use it to your own advantage to make money alongside them.
6:25
[SPEAKER_01]: If you've never been to one of these, you owe it to yourself to attend.
6:28
[SPEAKER_01]: It is online.
6:29
[SPEAKER_01]: It's free.
6:29
[SPEAKER_01]: I'll show you.
6:30
[SPEAKER_01]: had a piggyback.
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[SPEAKER_01]: Every trade, Pelosi in the rest of them make.
6:34
[SPEAKER_01]: And you know, you've been, Dr. Steve, oh, yeah.
6:36
[SPEAKER_01]: Oh, yeah.
6:36
[SPEAKER_01]: Oh, yeah.
6:36
[SPEAKER_01]: Oh, we'll trade people there.
6:38
[SPEAKER_02]: No, I'm absolutely.
6:38
[SPEAKER_02]: Yeah, guys, remember it's the twenty first, right?
6:42
[SPEAKER_02]: August, twenty first, three PMEs who's click on the link below to register for the event.
6:47
[SPEAKER_02]: If you've never been to one of Ross's free trainings, they're going to absolutely blow you away.
6:52
[SPEAKER_02]: I've been to a number of them.
6:53
[SPEAKER_02]: You're not going to want to miss this.
6:54
[SPEAKER_02]: Anyway, sorry to sorry for the accolades continue.
6:57
[SPEAKER_01]: Please appreciate it.
6:58
[SPEAKER_01]: Yeah.
6:59
[SPEAKER_01]: So anyway, here we are.
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[SPEAKER_01]: It's April, twenty-eight, twenty-twenty.
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[SPEAKER_01]: Secretary, Department of Commerce, officially informed.
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[SPEAKER_01]: The CEO's a call to CEO of Cleveland Cliffs is yes.
7:10
[SPEAKER_01]: The Commerce Department, we're going to publicly announce this, what's called a self-finitiated section, two, thirty-two investigation.
7:17
[SPEAKER_01]: That's just a reason they put on the tariffs, right?
7:22
[SPEAKER_01]: Until recently, of course, tariffs were generally done on things that were threat to national security.
7:27
[SPEAKER_01]: Washington loves that term.
7:28
[SPEAKER_01]: It's all a threat to national security.
7:30
[SPEAKER_01]: Now I can do it if we want, right?
7:32
[SPEAKER_01]: It was Mexican steel lace, but explosives probably not.
7:34
[SPEAKER_01]: But nonetheless, they made a case.
7:37
[SPEAKER_01]: And so, and again, up to now, it's all very pro America, right?
7:43
[SPEAKER_01]: Protecting American firm that the expenses Mexico and Japan.
7:47
[SPEAKER_01]: I get any argument about you and me about this, right?
7:49
[SPEAKER_01]: Right.
7:50
[SPEAKER_01]: But the next day, the very day after representative Kelly and that ahead the Department of Commerce notified Cleveland Cliffs CEO that don't work or putting on the tariffs, you're going to be safe.
8:03
[SPEAKER_01]: Guess what Mike Kelly's wife did?
8:08
[SPEAKER_01]: I think I'm following you along here.
8:10
[SPEAKER_01]: Could she possibly bought the stock?
8:13
[SPEAKER_01]: She won't stock, Dr. Steve, she sure did.
8:15
[SPEAKER_01]: Yeah, thousands and thousands of shares of Cleveland, Cliff Stock, which at the time was trading at the bargain basement price, post-COVID of four dollars a share.
8:27
[SPEAKER_02]: And let me guess, I think I know how this script is written here.
8:30
[SPEAKER_02]: Let me guess, her husband had no idea what she was doing, right?
8:35
[SPEAKER_02]: She was doing Dr. Steve, it's crazy.
8:38
[SPEAKER_02]: Yeah, right.
8:38
[SPEAKER_02]: I've heard that.
8:39
[SPEAKER_02]: I think he stole that script from Nancy Pelosi.
8:42
[SPEAKER_02]: She has no idea what stocks her husband has bought.
8:45
[SPEAKER_01]: It isn't it wild.
8:46
[SPEAKER_01]: I mean, the number of politicians who happened to Mary, these incredibly savvy stock traders, it really is incredible.
8:57
[SPEAKER_02]: So she's claiming that she just so happened to buy this stock Cleveland cliffs the day after her husband found out that the commerce department was granting their terrorists and saving the company.
9:16
[SPEAKER_02]: That kind of coincidental calls an effect of something we're supposed to do.
9:21
[SPEAKER_02]: Obviously, this happens all the time.
9:22
[SPEAKER_01]: That happens all the time.
9:23
[SPEAKER_02]: I do it all the time.
9:25
[SPEAKER_01]: Yeah, unfortunately for her and our friend in Congress, the Ethics Committee didn't buy it.
9:30
[SPEAKER_01]: So they interviewed her stock broker.
9:33
[SPEAKER_01]: And look what this guy says.
9:36
[SPEAKER_01]: If you can throw that up, this is an excerpt directly from the Ethics Committee report.
9:40
[SPEAKER_01]: It's so good.
9:40
[SPEAKER_01]: It says quote, and listen, even as I'm reading, I still can't believe, come.
9:44
[SPEAKER_01]: I cannot believe they actually did a thorough investigation of one of the road.
9:49
[SPEAKER_01]: I never thought you and I would see it.
9:51
[SPEAKER_01]: But here's what it says.
9:53
[SPEAKER_01]: On April, twenty-nine, twenty-twenty, Miss Kelly purchased five thousand shares of Cleveland Cliffs stock for twenty-three thousand seven hundred and fifty dollars.
10:01
[SPEAKER_01]: This purchase occurred the day after Representative Kelly Staff learned the Commerce Department will be opening a section to thirty-two investigations.
10:09
[SPEAKER_01]: Again, that's how the imposed the tariffs.
10:11
[SPEAKER_01]: Here's where it's interesting.
10:13
[SPEAKER_01]: Within Miss Kelly's vast investment portfolio, the Cleveland Cliffs stock was an outlier.
10:18
[SPEAKER_01]: First, unlike other holdings in our portfolio that were traded at PNC's discretion, the purchase of this stock had to be instructed and confirmed directly by Miss Kelly in order for the transaction to be completed because it was not on PNC's investment platform.
10:36
[SPEAKER_01]: So in other words, you've got these professional money managers who for years have managed your investments on their own with no input from you.
10:44
[SPEAKER_01]: And then suddenly, she calls these men up, insist they buy this one stock, a stock that had been offered to their clients that had been fined and purchased them for, it goes on.
10:56
[SPEAKER_01]: It's a second at the time of the purchase.
10:58
[SPEAKER_01]: Mrs. Kellogg's investment activity was primarily funds and bonds and a trust that was substantially invested
11:04
[SPEAKER_01]: in large capitalization entities.
11:07
[SPEAKER_01]: The Cleveland Cliff purchase was Kelly's first purchase of an individual stock nearly a year.
11:13
[SPEAKER_01]: So, in other words, everything's shown as boring.
11:16
[SPEAKER_01]: She's got mega cap stocks, Apple Amazon Google in video.
11:20
[SPEAKER_01]: She's got mutual funds.
11:21
[SPEAKER_01]: She's got bonds.
11:23
[SPEAKER_01]: This is none of those things.
11:25
[SPEAKER_01]: It is a total outlier.
11:26
[SPEAKER_01]: It's the first individual stock she's bought in nearly a year, but it's all coincidence, Dr. Steve.
11:32
[SPEAKER_02]: It's all coincidence and I know the ultimate coincidence because she must she must be this one hit wonder is where I'm guessing the stock went up this one this one time stock she bought went up after she bought it.
11:49
[SPEAKER_01]: It owe two hundred and seventy nine percent in nine months.
11:53
[SPEAKER_01]: Give her take.
11:54
[SPEAKER_01]: Yeah, triple to money.
11:56
[SPEAKER_01]: We're all right.
11:59
[SPEAKER_02]: And this is all and the cool thing is this is all public record, right?
12:03
[SPEAKER_02]: Let me let me I want to show you how good of a student I am here as I sit through your free trainings because I want to see if I follow this right I want to see if I follow your devious little mind right when the Congress
12:17
[SPEAKER_02]: When the Congressman bought this stock, I guess Congressman's wife bought the stock.
12:23
[SPEAKER_02]: We could see it.
12:25
[SPEAKER_02]: Anyone could see it.
12:26
[SPEAKER_02]: It's completely public.
12:28
[SPEAKER_02]: We just have to know where to look.
12:30
[SPEAKER_02]: And if we do, then theoretically, we could all just follow along with this.
12:36
[SPEAKER_02]: So I see this, I see this member of Congress is buying stock and Cleveland Cliffs.
12:41
[SPEAKER_02]: a company in this district that he knows well.
12:44
[SPEAKER_02]: I can see that the companies in trouble.
12:48
[SPEAKER_02]: I can see that this congressman almost never buys stock in the first place.
12:53
[SPEAKER_02]: So this is obviously rare.
12:55
[SPEAKER_02]: Yep.
12:56
[SPEAKER_02]: I follow along.
12:57
[SPEAKER_02]: I follow in their footsteps.
13:00
[SPEAKER_02]: I buy the same stock as they do and low and behold, I triple my money in nine months.
13:07
[SPEAKER_02]: Did I get it right?
13:09
[SPEAKER_02]: Perfect.
13:10
[SPEAKER_01]: Perfect.
13:12
[SPEAKER_01]: It's that.
13:12
[SPEAKER_01]: Simple as that, right?
13:13
[SPEAKER_01]: And listen, you've summed it up.
13:15
[SPEAKER_01]: You've been doing enough for these.
13:16
[SPEAKER_01]: That's all we do.
13:17
[SPEAKER_01]: Right?
13:17
[SPEAKER_01]: We show people how to do exactly what you just said.
13:21
[SPEAKER_01]: We track the activity.
13:22
[SPEAKER_01]: We look for these clear outliers.
13:24
[SPEAKER_01]: We even have a service.
13:25
[SPEAKER_01]: We do this for our members.
13:26
[SPEAKER_01]: Medutus is twenty seventeen.
13:28
[SPEAKER_01]: We shoot him an email to text when one of these opportunities pops up.
13:32
[SPEAKER_01]: Listen, it is the biggest cheat code for investors.
13:34
[SPEAKER_01]: And if you were not following this stuff, you were doing yourself a huge disservice.
13:40
[SPEAKER_01]: Folks, I'm telling you, come to this online training, but it is free on Thursday.
13:44
[SPEAKER_01]: It'll last about an hour, three PM Eastern, click the link to register.
13:48
[SPEAKER_01]: Even if you can't come, if you register, we're going to send you for free the latest research or the full research on our latest pick.
13:55
[SPEAKER_01]: You'll see what's available.
13:56
[SPEAKER_01]: And I can almost guarantee you
13:59
[SPEAKER_01]: you will never look at investing the same way again.
14:02
[SPEAKER_02]: It's so I love the way you call it a cheat code.
14:05
[SPEAKER_02]: It is.
14:06
[SPEAKER_02]: It's so it's it really is a game changer for so many people.
14:10
[SPEAKER_02]: We've got so much feedback on that.
14:11
[SPEAKER_02]: So but I do want to wrap this up.
14:13
[SPEAKER_02]: So after all of this, so we got the five year investigation.
14:17
[SPEAKER_02]: We got the twenty three page report full of overwhelming evidence.
14:22
[SPEAKER_02]: They caught
14:23
[SPEAKER_02]: The guy insider trading on information, learn from his position in Congress, Ross, we started off with the question, how is he being punished?
14:34
[SPEAKER_01]: I'm going to believe this when doctors actually you probably will, but your audience isn't going to like it.
14:38
[SPEAKER_01]: So the committee's recommendation, which is found is that you can go look this up and the conclusion of the ethics report.
14:43
[SPEAKER_01]: And I quote, was that Kelly should the vest of all shares of Cleveland cliff before taking any further action related to the could they just told to sell the stock?
14:55
[SPEAKER_01]: Which, of course, he already did it for tripling his money on it.
14:58
[SPEAKER_01]: Oh, that's right.
14:59
[SPEAKER_02]: Yeah, yeah.
15:00
[SPEAKER_01]: Not so much as a fine.
15:02
[SPEAKER_01]: That is your tax dollars.
15:04
[SPEAKER_01]: It works, folks.
15:05
[SPEAKER_01]: Can you imagine what a five year investigation cost?
15:09
[SPEAKER_01]: To find exactly what they wanted.
15:11
[SPEAKER_01]: And they say, we think you should probably sell that stop before you anything else.
15:16
[SPEAKER_01]: Wow.
15:16
[SPEAKER_01]: Thanks, guys.
15:18
[SPEAKER_01]: Thanks, guys.
15:18
[SPEAKER_01]: Definitely not a two-tier justice system.
15:20
[SPEAKER_02]: Yeah.
15:21
[SPEAKER_02]: No problem.
15:21
[SPEAKER_02]: I'll be happy to sell that.
15:23
[SPEAKER_02]: Oh, already did.
15:24
[SPEAKER_02]: Yeah.
15:24
[SPEAKER_02]: So that's all right.
15:25
[SPEAKER_02]: Already got a new wing on my house, too.
15:28
[SPEAKER_02]: Unfreaking believable.
15:29
[SPEAKER_02]: And again, seriously, of what you're hearing here, this is just the tip of the iceberg of what Ross
15:35
[SPEAKER_02]: has to offer for you.
15:36
[SPEAKER_02]: He's got an awesome YouTube channel.
15:38
[SPEAKER_02]: You definitely want to check out what's the, what's the address for the YouTube channel.
15:41
[SPEAKER_01]: It's just Ross Gibbons, ROSS, GIVE and S, and we put this stuff out there as well.
15:45
[SPEAKER_01]: So I encourage people to subscribe and I think they're going to be, you know,
15:51
[SPEAKER_01]: blown away by what's available.
15:52
[SPEAKER_01]: Because it's not, I mean, politicians, they said it's a tip of the iceberg.
15:54
[SPEAKER_01]: We can track corporate stuff as well.
15:56
[SPEAKER_01]: We can see what's sitting in those and CFOs and board members are buying.
15:59
[SPEAKER_01]: And we're going to cover all of that in this Thursday's live session.
16:02
[SPEAKER_01]: Thursday, August, twenty first, three Eastern, it's on line.
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[SPEAKER_01]: It's free.
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[SPEAKER_01]: Click the link.
16:07
[SPEAKER_01]: I promise you, what we disappointed.
16:09
[SPEAKER_02]: you will not be disappointed and they fill up fast so do not wait to you have a I think you have even a registration cap guys might want to take that into consideration before you wait to register right I think it's the first thousand or so yeah all where cap cited a thousand attendees you'll be banned with this you so be sure to register early and show up on time but yet put your it's just like name and email put your cell in there will even send you a text reminder like ten minutes before we get started that way you won't miss it
16:37
[SPEAKER_02]: And again, you get all this free information.
16:39
[SPEAKER_02]: Even if you don't come, it's awesome.
16:41
[SPEAKER_02]: That's why I love what you guys do.
16:43
[SPEAKER_02]: So again, August, twenty first Thursday, three PM Eastern, the events online.
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[SPEAKER_02]: You can enjoy it from the comfort of your own couch.
16:50
[SPEAKER_02]: Completely free to attend.
16:52
[SPEAKER_02]: and Ross is going to show everything you need to know how to trade like the best of them and keep in mind again keep in mind this is always done so that patriots can just flourish we want you guys to financially flourish in the golden age and Ross is in the front lines to enabling you to do precisely that so make sure you click on that link below right now register this Thursday three p.m.
17:16
[SPEAKER_02]: Eastern Ross always in honor to chat with these things for keeping our leaders accountable and also showing us how we can profit in the process.
17:24
[SPEAKER_01]: Absolutely.
17:25
[SPEAKER_01]: Dr. Steve always good to see you.