Latest / Turley Talks / Ep. 3541 Trump’s Plan to END Insider Trading in Congress (It’s Finally Here)

Transcript

Ep. 3541 Trump’s Plan to END Insider Trading in Congress (It’s Finally Here) · 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]: If I want to do insider stock trading, just get elected to Congress.
• 0:24
  [SPEAKER_00]: Look, we're public servants.
• 0:25
  [SPEAKER_00]: We're stewards of the community.
• 0:28
  [SPEAKER_00]: Nobody's above the law here.
• 0:29
  [SPEAKER_00]: That has kind of become cliche up here.
• 0:31
  [SPEAKER_00]: But for years, members of Congress, we know they've gotten rich, using hard work in American taxpayers' money.
• 0:39
  [SPEAKER_00]: We members sit on committees, we attend private meetings, where we gain privilege information about companies.
• 0:45
  [SPEAKER_02]: Well, it's finally happening after years of failed attempts to stop Congress from insider trading.
• 0:52
  [SPEAKER_02]: President Trump has found a loophole to end this blatant corruption once and for all.
• 0:59
  [SPEAKER_02]: And it could happen literally in just a couple of weeks, a new proposal, one with broad bipartisan support, if you can believe it, has been introduced to band members of Congress from trading stocks.
• 1:11
  [SPEAKER_02]: Now, Trump shared a video of freshman congressman and a pollina Luna alongside half a dozen other lawmakers
• 1:20
  [SPEAKER_02]: fellow members of Congress for becoming rich off the backs of the American taxpayer and using privilege information to gain the stock market.
• 1:29
  [SPEAKER_02]: Now, we've heard this before.
• 1:33
  [SPEAKER_02]: But this time it looks like it's really different.
• 1:36
  [SPEAKER_02]: They've got a secret weapon, a little known procedural loophole, which allows them to bypass congressional leadership and force a vote on the floor.
• 1:47
  [SPEAKER_02]: This is the closest thing we've ever come to a real ban on stock trading.
• 1:53
  [SPEAKER_02]: In Congress, and the ramifications could be absolutely massive, and according to my expert, this has a real chance of passing.
• 2:01
  [SPEAKER_02]: Well, joining me to break it all down for us is my good friend, an insider trading expert Ross Givins.
• 2:07
  [SPEAKER_02]: Ross has been following this story for years, he's a 20 year market veteran, and he's also hosting a free training event this Thursday, September 25th at 3 p.m.
• 2:16
  [SPEAKER_02]: Eastern, where
• 2:21
  [SPEAKER_02]: and potentially profit right along side them.
• 2:24
  [SPEAKER_02]: You do not want to miss us.
• 2:25
  [SPEAKER_02]: Be sure to click on the link in the description below to sign up.
• 2:29
  [SPEAKER_02]: Ross, thanks for being back with us, a great to see you again, my friend.
• 2:32
  [SPEAKER_02]: I always good to see you, Dr. Steve.
• 2:34
  [SPEAKER_02]: I'm so, he's good to seeing you.
• 2:35
  [SPEAKER_02]: All right, so this is exciting when this came across my desk.
• 2:38
  [SPEAKER_02]: I was like, all right, this is awesome.
• 2:40
  [SPEAKER_02]: So, I don't know how many, I think we were talking about it.
• 2:44
  [SPEAKER_02]: You've been on this channel dozens of times now.
• 2:47
  [SPEAKER_02]: We've talked about this ad nauseam before several bills have been introduced over the years to band stock trading in Congress.
• 2:55
  [SPEAKER_02]: Most recently my faith you told me about this was the Pelosi Act right introduced by Senator Josh Hawley named Appley of course after the most infamous insider trader in Congress, but they never seem to pass so Ross what's different this time
• 3:13
  [SPEAKER_01]: Well, it is a very creative approach.
• 3:16
  [SPEAKER_01]: I mean, like you said, they are exploiting a procedural loophole that would let them force a quick vote.
• 3:21
  [SPEAKER_01]: So what they need, 218 signatures, so half the house, they have to be able to sign their petition.
• 3:28
  [SPEAKER_01]: And if they get that, they can side-step leadership, they can push this straight to the floor for a vote.
• 3:34
  [SPEAKER_01]: And this is very different what we've seen in the past.
• 3:39
  [SPEAKER_01]: Typically, Congress does what it does when it does not want to pass something and you know this trick all too well, Dr. Steve, they bundle it with some toxic piece of garbage legislation that nobody's going to vote for.
• 3:52
  [SPEAKER_01]: It was like, oh, you want to ban stock trading, okay, let's let's attach it to that bill that makes murder legal or you know, gives free sex changes to Ethiopian or Ben, right?
• 4:02
  [SPEAKER_02]: And then no one's going to vote for it and they just did, I know if I know a few Democrats that don't vote for the Ethiopian one, but you saw he did this with the Epstein files, right?
• 4:16
  [SPEAKER_01]: You know, these headlines all week about every almost ever Republican voted against releasing them.
• 4:21
  [SPEAKER_01]: The truth is that don't Chuck E. Schumer attached that measure to the National Defense Authorization Act of 2026.
• 4:32
  [SPEAKER_01]: Citizens like myself would say, what do the Epstein files have to do with national offense acts?
• 4:38
  [UNKNOWN]: I think.
• 4:39
  [SPEAKER_01]: But you have to vote, yes, on both of them.
• 4:41
  [SPEAKER_01]: And so they pull that crap so they can say, see, Republicans are hiding something, you know, it's, it's nonsense, but this is what they've typically done with these trading bands.
• 4:50
  [SPEAKER_02]: Right.
• 4:51
  [SPEAKER_02]: Right.
• 4:52
  [SPEAKER_02]: So you're saying that even though there have been bills,
• 4:55
  [SPEAKER_02]: to ban Congress from trading stocks.
• 4:58
  [SPEAKER_02]: They've never been able to vote on just that one single issue.
• 5:03
  [SPEAKER_02]: Exactly.
• 5:04
  [SPEAKER_01]: There might have been one, I remember one years ago that somehow did get to a vote, and that's when Pelosi was still Speaker of the House,
• 5:13
  [SPEAKER_01]: That that creep keeper she she calls a vote to the thing it like midnight on New Year's Eve or something nobody shows up to vote But yes, this one is different.
• 5:22
  [SPEAKER_01]: Okay members of Congress and this is why I think this has a chance Members of Congress if they can pull this off
• 5:29
  [SPEAKER_01]: would have to stand up, cast their vote on record publicly on this one singular issue.
• 5:37
  [SPEAKER_01]: So those who vote no, come election time would have to explain themselves.
• 5:43
  [SPEAKER_01]: And this one there's nothing to hide behind.
• 5:45
  [SPEAKER_01]: And as you know, with your viewers, voters are fed up.
• 5:49
  [SPEAKER_01]: Yeah, it's a side of trading.
• 5:50
  [SPEAKER_01]: 80, 70, 80 Republicans, right, 88% of different rights.
• 5:58
  [SPEAKER_01]: And so, as I've talked to before about you said, Ross, what would it take?
• 6:02
  [SPEAKER_01]: And I always said, I think it would take them losing reelection.
• 6:05
  [SPEAKER_01]: And if they got this, voting no could cost them reelection.
• 6:10
  [SPEAKER_01]: That's, at least from what it looks to me, the only thing most are really care about.
• 6:15
  [SPEAKER_02]: Oh, absolute, I mean, I agree, absolutely.
• 6:18
  [SPEAKER_02]: And we've got Trump behind it.
• 6:20
  [SPEAKER_02]: He's fully supporting it.
• 6:22
  [SPEAKER_02]: I mean, just last month, he was in the Oval Office basically trolling Nancy Pelosi, calling for an investigation on her, you know, he said she's got the highest returns in the history of Wall Street, and it absolutely, I mean, it just absolutely wreaks of corruption.
• 6:38
  [SPEAKER_01]: It does, and he's not wrong.
• 6:40
  [SPEAKER_01]: It's true, she does have some of the highest returns in history of Wall Street.
• 6:44
  [SPEAKER_01]: the poster child for insider trading in DC.
• 6:47
  [SPEAKER_01]: She's made $300 million on very suspiciously well-timed investments.
• 6:55
  [SPEAKER_01]: People are always surprised when I talk about this, not that they're doing it, but that you can follow their trades.
• 7:00
  [SPEAKER_01]: The only silver lining, the only reason we're in business is they have to report this stuff.
• 7:05
  [SPEAKER_01]: There's a public record.
• 7:07
  [SPEAKER_01]: that anyone can access online every time they buy a stock.
• 7:11
  [SPEAKER_01]: I pulled this, when this is Nancy's latest, this is her trade from July.
• 7:14
  [SPEAKER_01]: And if you look there, this is her, uh, the official disclosure on a house website.
• 7:19
  [SPEAKER_01]: It shows that she converted call options to buy 20,000 shares of broadcasts.
• 7:24
  [SPEAKER_01]: So run a $2 million by.
• 7:27
  [SPEAKER_01]: That was three months ago.
• 7:29
  [SPEAKER_01]: The stock's already up over 50%.
• 7:30
  [SPEAKER_01]: Yeah.
• 7:32
  [SPEAKER_01]: And so you can follow along whether you put 1,000 in, 100,000 a million in, 50% in three months is 50% in three months.
• 7:40
  [SPEAKER_01]: All right.
• 7:40
  [SPEAKER_01]: The AI stock she bought in January would have a 100% the first month.
• 7:44
  [SPEAKER_01]: And so anyone can follow along with this stuff.
• 7:46
  [SPEAKER_01]: So that's why we do those training events.
• 7:49
  [SPEAKER_01]: It's good timing.
• 7:49
  [SPEAKER_01]: Got when this Thursday, it's free.
• 7:51
  [SPEAKER_01]: I show people everything.
• 7:53
  [SPEAKER_01]: But if you guys are interested in click that link below, put in your email, it'll blow your mind.
• 7:58
  [SPEAKER_01]: And because, you know, Pelosi's not alone, right?
• 8:01
  [SPEAKER_01]: Democrats, Republicans.
• 8:02
  [SPEAKER_01]: They've all been crushing Wall Street for years.
• 8:05
  [SPEAKER_01]: If consistently beat even the best hedge fund managers in the world,
• 8:10
  [SPEAKER_01]: I've shown this to you before, Dr. Steve, some of your viewers may not have seen it.
• 8:15
  [SPEAKER_01]: These were some of their returns last year.
• 8:18
  [SPEAKER_01]: Is there individual members of Congress just in 2024?
• 8:21
  [SPEAKER_01]: Look at those numbers.
• 8:22
  [SPEAKER_01]: Yeah, it's insane.
• 8:24
  [SPEAKER_01]: Right, I mean, I've marked Warren Buffett for reference.
• 8:26
  [SPEAKER_01]: He's down right at the bottom, okay?
• 8:30
  [SPEAKER_01]: I mean, 149 percent of Debbie Schultz.
• 8:34
  [SPEAKER_01]: Debbie Schultz.
• 8:35
  [SPEAKER_01]: Oh my gosh.
• 8:38
  [SPEAKER_01]: Shult has a degree in political science for the University of Florida.
• 8:42
  [SPEAKER_01]: What excuse my French in the hell does she know about stocks?
• 8:46
  [SPEAKER_01]: Yes.
• 8:46
  [SPEAKER_01]: Yet she beat every professional hedge fund on Wall Street last year.
• 8:51
  [SPEAKER_01]: How is that possible?
• 8:52
  [SPEAKER_01]: Right.
• 8:53
  [SPEAKER_01]: Right.
• 8:54
  [SPEAKER_01]: She cheats.
• 8:56
  [SPEAKER_01]: And this is one of the stocks, you know, this is Viacet.
• 8:58
  [SPEAKER_01]: Look at that.
• 8:59
  [SPEAKER_01]: Got it at 10 boxes share nine months later.
• 9:01
  [SPEAKER_01]: It's at 32 triple their money nine months.
• 9:04
  [SPEAKER_01]: Now, I'm sure with all do, I'm sure it is a total coincidence that this company is a military contractor for the Department of Defense.
• 9:14
  [SPEAKER_01]: totally coincidental that Debbie Schulz sits on the House of Prophorations Committee that she's the ranking member for the subcommittee on military construction.
• 9:23
  [SPEAKER_01]: Nothing to see there.
• 9:25
  [SPEAKER_01]: Just to coincidence, but you know Congress, they've been treating the stock market like the personal ATM machine for decades, although she's the most famous.
• 9:33
  [SPEAKER_01]: She's the most fun to put fun at.
• 9:35
  [SPEAKER_01]: It's the most obvious, but she's not the only one.
• 9:37
  [SPEAKER_01]: There are Debbie Schulz's all over the DC swamp.
• 9:41
  [SPEAKER_02]: Yeah, yeah, it's a business model.
• 9:44
  [SPEAKER_02]: It's some people going, you know, some people start businesses, some people going to the corporate, some people going to government.
• 9:52
  [SPEAKER_02]: It's all for the same purposes to make tons of cash.
• 9:54
  [SPEAKER_02]: Unfortunately, unfortunately, off of taxpayers in the latter option there.
• 10:01
  [SPEAKER_02]: So, all right, I'm my blood always boils when I chat with you.
• 10:05
  [SPEAKER_02]: I always make you angry, doctor, you make me do it, but it's so cool, though, because you do turn the lemons and lemonade, because you're showing all these wonderful patriots how they can piggyback off of this and profit themselves, which I love.
• 10:16
  [SPEAKER_02]: But let's get to the brass tax of this.
• 10:19
  [SPEAKER_02]: Can this pass?
• 10:20
  [SPEAKER_02]: Because we've seen other versions of this.
• 10:22
  [SPEAKER_02]: They've all failed.
• 10:23
  [SPEAKER_02]: Do you think this one is the one?
• 10:27
  [SPEAKER_01]: Listen, there's a chance, right?
• 10:29
  [SPEAKER_01]: We've seen far crazier things happen this year.
• 10:32
  [SPEAKER_01]: Is this the one, personally, just me, and maybe I'm cynical, I wouldn't bid on it.
• 10:37
  [SPEAKER_01]: You know, you've got lawmakers making millions of dollars trading these companies that they're regulating.
• 10:45
  [SPEAKER_01]: They're not gonna cut off their own gravy train.
• 10:47
  [SPEAKER_01]: They're not gonna fill in their honey hole.
• 10:49
  [SPEAKER_01]: Maybe, listen, if all the stars align, Trump gets behind it, it gets a ton of publicity, nothing else is in the news, they're forced.
• 10:55
  [SPEAKER_01]: Maybe it passes, but even if it does, it's not gonna affect our strategy all that time.
• 11:02
  [SPEAKER_02]: That's, well, that's so interesting, you point that out, because,
• 11:07
  [SPEAKER_02]: I mean, what Congress is doing is in many ways just kind of a model of the larger the larger approach that you guys take, yes, you don't just follow Congress, you follow, you follow the real insiders, the ones who are whispering in Congress's
• 11:22
  [SPEAKER_02]: Here are the corporate guys, right?
• 11:24
  [SPEAKER_02]: Like, yeah, yeah, yeah, yeah.
• 11:25
  [SPEAKER_01]: Right, I mean, listen, if Debbie Schultz is not going out these kind of numbers with her polyside degree on the hill, imagine what the CEO of a Fortune 500 company can do, who is in that company, who knows, right?
• 11:38
  [SPEAKER_01]: And if you look at, and we've been doing this since 2017, so I got enough data to look at all of our biggest winds have come from track and he's corporate CEOs, right?
• 11:46
  [SPEAKER_01]: So can you see when Pelosi in those trade?
• 11:48
  [SPEAKER_01]: Yeah, but you can also see when the chief executive
• 11:52
  [SPEAKER_01]: of a company buys.
• 11:53
  [SPEAKER_01]: You can see when the CFO buys.
• 11:54
  [SPEAKER_01]: You can see when the board members this week we heard Elon Musk put a billion dollars into Tesla.
• 11:59
  [SPEAKER_01]: You could have seen that live and the stock shoots up, right?
• 12:02
  [SPEAKER_01]: And, you know, unlike Congress, these are a part of almost immediately.
• 12:06
  [SPEAKER_01]: They have like 48 hours to report it.
• 12:10
  [SPEAKER_01]: So usually you see it like the next day.
• 12:13
  [SPEAKER_01]: And on top of that, they've got to hold it for six months.
• 12:16
  [SPEAKER_01]: So like they're not just doing this willy-nilly and shaking the stock around like, these are not random trades, these are high conviction buys with their own money at the companies that they run.
• 12:26
  [SPEAKER_01]: And they can, you know, they can lead it to big moves.
• 12:32
  [SPEAKER_02]: So these aren't, in other words, these are not guesses.
• 12:37
  [SPEAKER_02]: This is not trial and error on their parties.
• 12:40
  [SPEAKER_02]: These are real money baths by people who know the business inside and out.
• 12:45
  [SPEAKER_02]: That's right.
• 12:46
  [SPEAKER_01]: In this infrevery Pelosi, there's three other dumbdums in Congress that probably couldn't trade the way out of a paper bag.
• 12:52
  [SPEAKER_01]: But you don't get in the sea suite of the Fortune 100 without no one a thing or two about investments in the market, your company, equity evaluations.
• 13:02
  [SPEAKER_01]: Right?
• 13:02
  [SPEAKER_01]: So they have when you when you see them all piling their own money into their own stock and their own account When you see it from half the board of directors all the cease-week guys They're doing it for the first time in two three five years like it is usually a sign that something big is coming
• 13:22
  [SPEAKER_01]: for a pharmaceutical company that might be a positive drug trial.
• 13:25
  [SPEAKER_01]: It could be an earnings beat.
• 13:27
  [SPEAKER_01]: A. I break through a buyout offer.
• 13:29
  [SPEAKER_01]: I mean, you name it.
• 13:30
  [SPEAKER_02]: Yeah, something's coming.
• 13:31
  [SPEAKER_02]: And they know it.
• 13:32
  [SPEAKER_02]: We don't, but they do.
• 13:34
  [SPEAKER_01]: Exactly.
• 13:35
  [SPEAKER_02]: And you've had some, uh, I know, uh, you and I, uh, been together now for a couple of years.
• 13:39
  [SPEAKER_02]: You've had some really incredible results with this strategy.
• 13:43
  [SPEAKER_01]: We have, I mean, listen, I don't, I don't, I don't think this is braggadotious because I give myself zero credit.
• 13:49
  [SPEAKER_01]: This is not because Ross Gibbons is a stock whisperer.
• 13:52
  [SPEAKER_01]: It's because I know where to look.
• 13:53
  [SPEAKER_01]: We've beaten the market every year since 2017.
• 13:56
  [SPEAKER_01]: Just following these trades.
• 13:58
  [SPEAKER_01]: So when the guys running the company or governing the country or however, you know, whatever pool you look from, when they start buying, we follow along.
• 14:06
  [SPEAKER_01]: It is that simple.
• 14:07
  [SPEAKER_02]: Yeah.
• 14:07
  [SPEAKER_01]: And we've booked gains as high as 1900 percent doing this.
• 14:12
  [SPEAKER_01]: Dang.
• 14:13
  [SPEAKER_02]: It sounds like trading like Pelosi.
• 14:16
  [SPEAKER_02]: You guys are pretty good there.
• 14:18
  [SPEAKER_02]: I mean, you know, it's But it's completely illegal.
• 14:22
  [SPEAKER_02]: That's our nobody's nobody's bribing you.
• 14:24
  [SPEAKER_02]: That's the beauty for that.
• 14:25
  [SPEAKER_02]: That's right part of it.
• 14:26
  [SPEAKER_02]: Yeah, gang I mean just imagine being able to see exactly what these insiders are doing and just following along This is exactly what Ross is going to show you in his free online training.
• 14:38
  [SPEAKER_02]: It's this Thursday, September 25th
• 14:41
  [SPEAKER_02]: at 3 p.m.
• 14:42
  [SPEAKER_02]: Eastern, the link is below.
• 14:44
  [SPEAKER_02]: You don't want to miss this.
• 14:46
  [SPEAKER_02]: Ross, this feels like the closest thing to a legal cheat cheat investor.
• 14:51
  [SPEAKER_01]: Yeah, essentially it is, right?
• 14:53
  [SPEAKER_01]: I mean, listen, and it's, and this is, you can spend your life studying financial statements and chasing rumors and all the things, or you can follow the people running the company.
• 15:02
  [SPEAKER_01]: So, you know, who has better information?
• 15:04
  [SPEAKER_01]: Me and you at home, look at the same thing everyone else does, or to CEO and a boarder,
• 15:11
  [SPEAKER_01]: right it's it's just common sense and and all this is public information there's nothing illegal at unethical about it is hiding in plain sight you need to know where to find it how to interpret it so that's what i'm going to teach the event this Thursday and i hope everyone
• 15:26
  [SPEAKER_01]: comes.
• 15:26
  [SPEAKER_01]: I should also mention, even if you can't come live, be sure to register for that.
• 15:30
  [SPEAKER_01]: We are going to send out the research on most recent picks.
• 15:34
  [SPEAKER_01]: So we're going to send you a full stock pick, all the research, and usually when people see this, when you see what information is available to you is extremely eye-opening.
• 15:42
  [SPEAKER_01]: So I encourage you to do that even if you're busy on Thursday.
• 15:45
  [SPEAKER_02]: Yeah, nothing to lose as it were to win wins.
• 15:48
  [SPEAKER_02]: So again, click the link below in this video to register it really is your chance to learn how to follow Pelosi and other outsiders, but completely legally and ethically the event is free as they always are it's online can enjoy it from the comfort of your own couch, but
• 16:04
  [SPEAKER_02]: seats are limited and so and they do fill up fast.
• 16:06
  [SPEAKER_02]: I've seen I've seen Ross's free webinars fill up incredibly fast like within 12 hours.
• 16:12
  [SPEAKER_02]: So don't wait.
• 16:13
  [SPEAKER_02]: Be sure to sign up right now Thursday, September 25th, 3 p.m.
• 16:18
  [SPEAKER_02]: Eastern, just click the link below.
• 16:19
  [SPEAKER_02]: Get signed up and we'll see you guys there.
• 16:22
  [SPEAKER_02]: All right, Ross.
• 16:23
  [SPEAKER_02]: We'll be following that.
• 16:24
  [SPEAKER_02]: We'll be following this, um, uh, this, what is it?
• 16:27
  [SPEAKER_02]: It's not a bill.
• 16:28
  [SPEAKER_02]: I guess it's a, the measure, what have you.
• 16:30
  [SPEAKER_01]: But yeah, they call it a measure.
• 16:31
  [SPEAKER_01]: I don't even know what you refer to it.
• 16:33
  [SPEAKER_02]: Yeah, yeah, but hopefully that hopefully we're going to see something come up this.
• 16:37
  [SPEAKER_02]: But thank you for bringing this inside, you know, right within our radar.
• 16:41
  [SPEAKER_02]: But really appreciate it.
• 16:43
  [SPEAKER_02]: Thanks, Ross.
• 16:43
  [SPEAKER_02]: Hey, always good to see you, Dr. Steve.
• 16:45
  [SPEAKER_02]: You have a great work, man.
• 16:46
  [SPEAKER_02]: You too, man.
• 16:48
  [SPEAKER_02]: Thanks so much for listening to this episode of The Turley Talks Podcast, don't forget to subscribe, leave us a five star review, and share this episode with your friends.
• 16:57
  [SPEAKER_02]: Help us defeat the fake news media and rank us the number one news and commentary podcast all over the world.
• 17:04
  [SPEAKER_02]: Come back again tomorrow for another episode celebrating the rise of a new conservative age.