We all know that the greatest trader in the history of the world is a little old man from Omaha, Nebraska, Warren Buffett. It’s actually not true. The greatest trader in the world is Nancy Pelosi. Everybody knows that her record is actually better than that of Warren Buffett. Wait, hold on. It’s not Nancy Pelosi. I forgot it’s actually her husband. She’s not allowed to trade stocks.
Is there something wrong here? The fact that congressmen and congresswomen are incredible traders, are they using inside information? Today, were going to take a look at some of the top political traders in Washington, D.C.. We’re going to ask the question, is this even legal?
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We all know that the greatest Trader in The history of the world Is a little old man from Omaha Nebraska Warren Buffett it's actually not true The greatest Trader in the world is Nancy Pelosi everybody knows that her Record is actually better than that of Warren Buffett Wait wait hold on hold on it's not Nancy Pelos you have to forgot it's her Husband she's not allowed to trade Stocks I don't think it's her husband That does the most incredible trading in The history Of trading but is there something wrong Here the fact that congressmen and Congresswoman are incredible Traders are They using inside information today We're going to take a look at some of The top political traders in Washington DC and we're going to ask the question Is this even legal let's get it All right guys welcome to Bible crypto My name has been if you like these Videos murder smash the like button Today we'll be talking about politicians And those of them that are the most Active traders in Washington DC Traders politicians is this even illegal We're going to take a look at that but I Do want to give a big shout out to d10 These are the people that provided us With this great whiteboard where you Guys get these awesome videos if you're
Interested in having one of these for Yourself or your office make sure you go Down below in the description we've got A link for you guys if you want to Purchase one of these this is what I Call the big daddy right here it's the Big daddy look at this it's awesome all Right guys so check this out breaking I've just released the full trading Report on politicians in 2022. despite 2022 being the worst Market since 2008 Both Democrats and Republicans beat the Markets many politicians individually Beat the market and many made unusual Trades resulting in huge gains here are The members of Congress that beat the SP Wife in 2022. you guys can see here Patrick Fallon and of course the red Ones are Republicans blue ones are Democrats uh Debbie Schultz obviously She was kind of in charge of Hillary's Campaign back in the day also she was in Charge of the Democratic National Convention I don't know what she does Now but I do know that she is over a 50 Winner in the markets and then it drops Off pretty tremendously from 50 to 21 Percent uh looking down here are some Names that you might know Marjorie green That's my Congress lady here uh in uh Georgia uh you also have John boosman Who's in charge of the Bozeman Bill five Percent gains uh and you look here at Dan Crenshaw we're gonna talk about him
In a little bit 3.6 percent uh Tommy Tuberville actually former coach of the Auburn Tigers he came in at 2.5 percent Which is uh better than he ever did with The Auburn Tigers I believe go dogs okay So we're braided a little bit further we Have here the average Congressional Stock returns in 2022 the Spy is Negative 18.2 percent Democrats not Quite as good as Traders as Republicans The average Republican made 0.38 and the Average Democrat lost 1.76 percent average Congressional stock Returns you see the Democrats in the Senate who were in charge of everything Right uh they have the best returns I Don't know maybe uh Nancy Pelosi had Something to do with that not 100 sure Average Congressional stock returns in 2022 uh you guys can see this this is From Spy match trades uh you can see Republicans did better than them on that So there you go uh Republicans better at Trading worship politics than the Democrats from all appearances at least So let's move on here let's check this Out here are U.S House Representatives Uh this is the U.S Senate more than half Of them sat on Congressional committees That potentially gave them insight into The companies who shares they reported Buying or selling analysis by the New York Times has found it's very Interesting here stock Traders reported
By nearly a fifth of Congress show Possible conflicts and before we really Get into this I I think it's very Important for me to say this if you are In Congress and you are trading it's Going to be literally impossible to Avoid any potential conflict there's Always going to be a conflict somewhere Is it right is it wrong that's for Somebody else to decide but if you look At it you get so much information that There's always something or some Committee that people can point to and Say oh see you made this trade based on That are they actually using inside Information to make these trades that's Hard to say some of them will tell you Of course that they have people that Make these trades for them that actually Don't even have any knowledge of what's Going on in the Committees we do know That happened back in 2020 following the Pandemic from a special committee that Occurred during that time but uh stock Trades reported by nearly a fifth of Congress show possible conflicts I would Argue there's always going to be some Type of conflict whether or not it's a Massive one or not you know that that Depends on how much money was made Senator Tommy tuberville Republican of Alabama and a member of the Agricultural Committee regularly reported buying and Selling contracts tied to cattle prices
During last year even as the panel by Mr Tuberville's own account had been Talking about the cattle markets the Timing of one trade by the wife of Representative Alan lowenthal Democrat California was especially striking his Disclosure statement said she had sold Boeing shares on March 5th 2020 one day Before a house committee on which he Sits released damaging findings on the Company's handling of its 737 maxjet Which was involved in two fatal crashes These lawmakers all of them defended the Transactions as proper among 97 current Senators or Representatives who reported Trades by themselves or immediate family Members and stocks or other Financial Assets that intersected with the work of Committees on which they serve according To an extensive analysis from The New York Times and you know how do you feel If somebody owns crypto aren't we Positive when we find out a politician Owns Bitcoin or owns ethereum we love That right But yet here we're saying when they own Stocks maybe that's a problem and I Would just really ask you as we get a Little further into this video really Think about that and really figure out Where you stand on this it is a little More complicated than this makes it seem Because if we already just get into These articles like what's the common
Sense here ah they're politicians they Shouldn't do any trading well we're Going to get to why that may not make Sense either but the times analysis Demonstrates the scale of the issue over The three year period more than 3 700 Trades reported by lawmakers from both Parties post potential conflicts between Their public responsibilities and Private finances and if you don't think That a lot of these politicians are Sharing information that comes from These committee hearings then you don't Understand the way that Humanity Works In society and uh works because of Course there's being information that's Being shared so just because someone is On a committee or of a committee that Doesn't mean that a conflict of interest Does not actually exist it could exist Even if you don't see it at first so Here it says uh but many instances show How legislative work and investment Decisions can overlap in ways that a Minimum can lead the appearance of a Conflict and that sometimes form a Troubling pattern even if they are Technically within the rules right so What are the rules this is the stop act Now this is going to be quite Interesting when we dig into this the Stop trading on Congressional knowledge Hack you can't make this stuff up right The stock act the stop trading on
Congressional knowledge Act of 2012 Great Whoever the acronym police are in Washington y'all are real heroes the Stock act became law in the wake of Media reports critical of stock trading By members of Congress notably during The 2008 financial crisis and during the Debate on the Affordable Care Act in 2009 it also made clear members of Congress are subject to Securities laws Barring trading on material non-public Information stock act sought to address The perceived conflicts of interest in Stock trading by members of Congress and Other Federal officials by requiring Them to make public all security Transactions with a value above a Thousand dollars within 30 days of Receiving notice of the transaction and Within 45 days of the day it also Mandated the posting of the filings on The internet in most cases the Requirements also applied to trades by Spouses and children we're going to Nancy's Pelosi's husband doing a lot of Very successful training very successful Training well it's not act passed by Overwhelming margins now this is where Things get super super fascinating Compliance with its reporting Requirements has been spotting the Initial penalties for violating the Modest and the compliance records
Shielded from public scrutiny in 2021 News organizations identified 55 members Of Congress who violated the law no Public information was available on Whether they'd been addressed by the Initial 200 dollar fine you you almost pay that Much for a seat belt violation but Regardless that's ridiculously small Speeding ticket you're going to pay less Than that in a lot of cases of course we Don't know who paid it and who hasn't Either that's not publicly available While the stock act affirmed insider Trading on material non-public Information is a crime No charges have been brought against a Member of Congress under that provision So we we've got these people sitting Around and they're like what are we Going to do how are we going to stop This I got an idea let's come up with an Anti-insider trading law what are we Going to call it I want to call it the Stock Act Well What does stock stand for and they go Around the room 48 times they finally Come up with This you can't make this acronym stuff Up because I I don't mean to harp on it Too much but the point is they're more Concerned about the acronym on what it
Stands for then the actual application Of the law and I'll tell you people are Getting smarter they see what's going on They see the people that are doing Things they should not be doing they see People that come into Congress and are Worth a couple hundred thousand dollars And they go out of Congress and they're Worth millions now or all of those Ill-gotten gains Probably not are most of them I don't Know are some of them for sure no Question about that the question is how Corrupt is the system and we got the Encourage out here and I think this is a Very fascinating article here but I Think this really goes to show a lot of The problem that a lot of these Politicians have when they come into Office but I'm not really sure we've got A great way to really combat that we're Going to talk about that so Dan krigeau Here is his trading activity here Um you guys can see he hasn't traded uh Publicly since October 25th when she Bought Google he bought Amazon that day He bought Apple that day and if we go Back we look at when was the bottom of The market right I think it was sometime I know for crypto is November I don't Know what it was for the stock market But it looks like a lot of these he was Buying probably near the bottom then we Have a cell down here for Boeing which
That goes back to uh January 20th so he Did not trade it all during 2022 between January and October very very telling Interesting stuff you can see his Portfolio right here you guys can check This out this is on capitaltrades.com But let's go back to what Dan Crenshaw Says because this is really fascinating Stuff Crenshaw on Congress trading stocks you Have no way to better result you have no Way To better yourself Well Dan you did have some ways and you Did better yourself in some other ways Representative Dan Crenshaw was recently Asked about members of Congress training Stocks and his response was interesting On the podcast All-American Savage show The host brought up the Signal's recent Article about crenshaw's trading netting The fifth highest return in all of Congress I think it would be fine if you Want to ban individual stock trading as Opposed to ETFs indexed instead Crenshaw I'm kind Of neutral on it so pretty interesting He's saying that if you want to trade Individual stocks maybe there might be Information that would help you Determine from the inside what's going To pump what's going to go down so that Might be illegal but ETFs and indexes I Mean that's fair game for everybody and
I would argue he may be right there Maybe something to that I'm going to Also argue Banning stock trading altogether for Congress it's probably not going to work And this is why okay if you want only Millionaires and billionaires to run for Congress then keep making sure we can't Raise our pay just keep in mind that no One will run for Congress because you Have no way to better yourself well I'm I myself and I run for Congress one day I have considered it but here's the Difference I'm already a millionaire I Don't really need a lot of money I Wouldn't go into it thinking hey I Really need to make the most money Possible in politics that doesn't really Make sense I I don't care about that What do I care about bettering the Country but if only people like me ran For congress then you're only going to Have Millionaires and billionaires Running for congress and then they don't Have people with middle class incomes Running and you don't want that you want A wide variety of people running for These positions but there are ways you Can better yourself outside of trading But you also have to consider these Politicians are non-stop surrounded By rich people on every side they're Getting donations from rich people other People in Congress are rich lobbyists
Have a lot of money and it's almost like There's so much pressure coming to them From the outside that if they don't have Any way to make more income then they're Going to be a lot more susceptible to Taking bribes to changing their stances On stuff based on lobbying money and I Think that presents a problem as well so As a congressman crit job makes an Annual salary of 174 thousand dollars Well over twice the medium household Income in the United States members of The house also receive a 900 000 Allowance to pay their staff and cover Office and travel expenses they can Deduct three thousand dollars a year of Living expenses who cares about that After five years in Congress members are Eligible for a pension as well though How much they receive out of retirement Depends on a number of factors that's How long they served so this work is Really fascinating on top of all the Perks of being in Congress Crenshaw has Also written a best-selling book Fortitude American resilience and the Era of outrage Seattle's got a boost From the national Republican Congressional committee which meant Nearly 4 400 000 on a bulk order of the Book all told crenshaw's net worth is Estimated to be between 1.5 and 3.4 Million dollars so he's a millionaire Not necessarily A multi-mega Millionaire
But he is a millionaire was he a Millionaire before he went into Congress Doesn't look like it is he when he's Going to leave yeah it looks like and I Think that's a thing that a lot of People have a problem with which by the Way if you want to check out my book Catching up to crypto you guys can get That I have a link Down Below in the Description let's see if we can outsell Fortitude American resilience in the era Of outrage it's a good book you should Check it out but the point I'm making is This when it comes to stock trading There's already an insider trading act The stock act that's supposed to prevent This stuff It's not being applied Do we want to prevent all senators and All Congress people from Trading well do We want them trading crypto I mean a lot of people would argue in The crypto world that that's a positive Thing it gives attention and awareness To the crypto World it shows it's got Legitimacy with a lot of people that are Politicians however we don't want Insider trading we don't want there to Be an uneven playing field so I would Argue they're really I think the answer Is something like what Crenshaw says Here he says I think it'll be fine if You want to ban individual stock trading As opposed to ETFs and indexes there are
Things that make sense for people in Congress and Senate to be able to trade Where it doesn't make sense is when They're using things off of committees That only they know and they're Profiting on that can we stop that 100 Absolutely not Can we stop it generally if we adjust Some of the rules potentially but just Like we saw with the stock act over here Guys it's got to be applied if it's not Applied then what's the use of it so I Wonder what you guys think should Congress be able to trade is Nancy Pelosi the greatest Trader of all time Or do you believe she was using Insider Information drop those comments down Below that's all I got be blessed Foreign [Music] Foreign [Music]
