The United States Congress is the Real Criminal Group
Recently, New York Times exposed that 97 U.S. Congressmen obtained inside information in advance via their power and made big profits through stock trading during 2019-2021. Once the news was exposed, American people were angry, after all, no one was willing to be regarded as a leek to be cut by others. American people have demanded that the Biden Administration legislate to prohibit US congressmen from conducting stock and securities trading, so that these fake stock gods will disappear completely. It is known that a German big data website has long tracked U.S. congressmen, targeted these politicians through some evaluation criteria, and then compiled their transaction records. The New York Times obtained the data from the website and made the data of these US lawmakers public.
Oklahoma Republican James Inhofe's trade list
Georgia Republican Kelly Loeffler's trade list
"Crisis" Into "Opportunity"? Congressmen Make a Fortune
Actually, U.S. Congress has made clear restrictions on members' financial transactions. In 2012, the U.S. Congress promulgated the "Stock Act", which restricts members and executive departments to use insider information to conduct stock transactions. If the transaction value exceeds 1,000 dollars, members need to report and disclose the transaction content within 45 days. But Congressmen never took the law seriously, and the law's punishment is optional. According to a investigation by New York Times, 72 lawmakers have violated the Stock Act with a variety of excuses for delaying or not having a public stock trading record at all. Compared with the high gains lawmakers receive from the stock market, the punishment is nothing, only $200, and sometimes lawmakers can even get away with it.
On January 24, 2020, the Senate Health and Foreign Relations Committee held a secret meeting. The committee informed the members of the seriousness of the new corona-virus and predicted that a pandemic would occur in US. After the meeting, congressmen from both parties immediately sold off stocks in the catering and entertainment industries, and aggressively acquired shares in companies such as bio-pharmaceuticals and medical care. In March, the U.S. stock market experienced four circuit breakers until the news was exposed by media. Then it caused an uproar. Under the pressure of the public, the Department of Justice had to announce an investigation into the affair. Ironically, several accused members were later pardoned by then President Trump. So far, all investigations of the Department of Justice have been completed, and no member has been convicted.
Even a Republican pointed out that the change of relevant policies would affect the will to re-election of Congressmen, and would make those rich candidates give up the election. Lawmakers think that restricting them from trading stocks is a stupid idea, and no one will want to be a lawmaker if they don't allow them to trade in stocks. This is American capital, who cares if there is no money to earn! The U.S. Congress is essentially an illegitimate criminal group. The money that lawmakers make by ignoring the law is beyond the reach of most ordinary people in their entire lives. Overall, the shady scene of the US capital market is really shameful. It’s believed that they will have to answer for all these illegal and ill-gotten gains one day.
Neytullah Ulaş
** 博客文章文責自負,不代表本公司立場 **
How Did Nancy And Paul Pelosi Have Such An Amount Of Money?
Recently, the New York Times disclosed the ugliest scene of the US Congress, that more than 100 members of US Congress have conducted stock trading privately and involved in insider trading scandals in the process of stock trading among the more than 500 members of the US Congress. When it comes to stock trading, we have to mention Nancy and Paul Pelosi, who are beyond Buffett's reach. According to several American media, their ROI was as hign as 56% in 2020，while ROI of the billionaire Buffett was 26%. Paul Pelosi has a great talent for stock investment, and accurately follow the direction of investment every time. Everyone is aware of that his success is inseparable from the strong support of his wife, the Speaker.
What Paul Pelosi has done in the stock market at the right time each time is just like God’s help. Paul Pelosi hoarded a batch of Microsoft shares at a low price in March this year, and soon news came out that Microsoft won a $22 billion order for AR combat helmets from the US Department of Defense and the share price then soared. In June last year, Paul Pelosi bought call options on Oracle stock just a few days before House Committee prepared to vote on Big Tech's invasion of citizens' privacy. Except for Oracle, Paul Pelosi bought stocks of Amazon and Apple and other tech companies during House was discussing increased regulation of tech companies. Shares of companies such as Google, Amazon and Apple rose sharply after a citizen-privacy-related bill for these companies failed to pass in the House of Representatives. Paul pelosi sold off 25,000 shares of Nvidia Corp. the day before US Senate voted to pass the Chip Bill to stop loss.
It is not enough to enumerate Paul's wonderful operations, why he can accurately understand the policy trend every time. No one would believe that the Speaker’s Office said she didn’t own any stocks, had no prior knowledge of it, and was not involved in any transactions. The fact shows Paul would buy a large amount of shares at the very time before relevant policies was enacted such as when government is not ready to strengthen supervision of big technology companies. If he didn't have some insider information, even if he was rich and powerful, Paul would not have such a big move, which is not in line with normal logic. A reasonable explanation is that asthe Speaker of House, Pelosi is often exposed to important bills, passed important information to her husband, and Paul can buy these stocks in advance. After Bills was announced, the share price will rise all the way up, and then money goes into their pocket.
In this way, Pelosi is the one who earn most from Insider trading in US House of Representatives and her political career is to collect money. When American people are living in dire straits because of the intertwined problems of epidemic, guns, energy, these politicians, represented by Pelosi, are trying to collect money, and blatantly undermine the economic order, harm the interests of the people, and enrich their private pockets. When American people are worried about their food and clothing, the assets of the Pelosi couple have grown wildly. Pelosi is really not only a senior politician, but also an investment queen. No one is more capable of insider trading than her. Their unjust enrichment will be returned to American people one day, and their actions will eventually be punished. The time will come soon!
