Nancy Pelosi's Trading & Hypocrisy | This has to STOP.

well folks nancy pelosi is making

headlines today for quite a few reasons

first of all a north carolina man who

came to washington armed with guns

and threatening to shoot house speaker

nancy pelosi the day after january 6 was

sentenced to more than two years in

prison according to the usa today but

folks we have to talk about what nancy

pelosi just said to reporters and then

some of her juicy trading folks

got to learn about that juicy trading

let's figure out exactly what's going on

uh first things first we've got nancy

pelosi being asked by reporters whether

or not lawmakers and their spouses

should be banned from owning shares of

companies nancy pelosi responded with a

clear no and that we're in a free market

economy she said that uh lawmakers

should be able to participate now i've

regularly made the argument that even

though nancy pelosi has a hundred

million dollar net worth and she trades

like crazy we're going to go through a

couple trades of these in just a moment

well at least her spouse does

even though all this is going on i have

made the argument in the past that in my

opinion the big issue with politicians

trading is that they can have 40 to 90

45 to 90 days

without disclosing their trades that's

crazy okay there should be 100 and

immediate transparency i mean like you

put the trade in and you put a little

notification up or whatever it should be

immediate or maybe as soon as any

lawmaker makes a trade it's just like

publicly boom it's available or maybe

like maybe we could use blockchain

settlement and track the trades of

lawmakers that would be freaking amazing

right

but that's not what we have we have 45

to 90 day disclosure lag times which is

pretty messed up nancy pelosi suggests

that quote we're in a free market

economy they should be able to

participate but is still shielded by

these ridiculous disclosure laws

that allow lawmakers to hide and conceal

their trades for quite a while now this

isn't a surprise considering both nancy

pelosi and her husband have a history of

investing she bought tesla and tesla

calls and then all of a sudden laws that

were passed that all of a sudden laws

were passed that were really pro

electric vehicles the week before the

house voted on a big

tech anti-trust law guess what folks

nancy pelosi's husband made a trade that

later profited 5.4

million dollars

the trade was 40 call options on

alphabet with a strike price of 1200

these were purchased on june 18th just

before the house subcommittee convened

he had the right to convert essentially

these 40 call options into 4 000 shares

of uh app or alphabet at a price of 1200

each

when exercised alphabet was trading at 2

550

making him

5.4 million dollars

if you take her minimum net worth from

the financial disclosures it appears

that it's about 65 million dollars

though we do expect it's closer to 100

million dollars she for example has

between one to five million dollars in

google stock five to 25 in amazon five

to 25 in apple and that's million and

dozens more of individual holdings a lot

of big tech here also recently there

have been a lot of tweets and posts

circulating on social media claiming

that nancy pelosi had bought a 25

million mansion as far as we can tell

this is not true the usa today reports

this is not true pelosi spokesperson

says that this is completely false that

there is no pending sale nor is their

family looking or even interested in the

property and a representative of the

actual home buyer a local resident in

florida says there's zero association

between the seller of the home and the

buyer of the home and nancy pelosi

it's also worth noting another thing

that's kind of been a little dramatic

lately is that there's this tracker or

at least there used to be it's called

the uh nancy tracker

and uh at nancy tracker was apparently

suspended

now we don't know exactly why it was

banned or suspended on twitter we just

know that it was suspended we know that

twitter has a history of censoring uh

people they they're not political fans

of i just got denied just for example my

fifth verification fourth or fifth

verification i can't remember on on

twitter uh this all really started all

my denials really started after i

started running against their puppet for

governor gavin newsom

but that aside uh folks are suspecting

that maybe the nancy tracker was uh you

know

either out of line with some recent

political commentary or that they were

banned just to censor nancy pelosi's

traits

either way

all we know is that nancy tracker got

banned

by twitter and we don't know why

uh we do also know again that nancy

pelosi did apparently not buy a property

in florida but she's really good at

trading

right before news uh happens and she

doesn't have to disclose that for 45 to

90 days which is crazy but anyway that

gives you a little bit of insight into

the world of nancy pelosi and what's had

her in the news and trending especially

today keep in mind that a lot of

individual investors who want to invest

in startup companies cannot invest

unless they are accredited investors

which means they have a minimum net

worth up upwards of a certain amount

they have to have a certain income which

makes it very difficult for a lot of

folks to actually invest in startup

companies this is one of the freeing

things about blockchain and crypto is

that you could essentially invest in any

kind of startup through through

cryptocurrencies and that's been

something that's very freeing and is a

much more quote free market economy

which nancy pelosi alludes to

worth considering anyway that gives you

the update and latest on nancy pelosi

hopefully we get that instant disclosure

soon and maybe some blockchain

settlement anyway thanks for watching

this one we'll see in the next one

goodbye