So hello, hello, hello, welcome, welcome, welcome the market is about to wrap up for today, wednesday january 12th, and i really really think it's an interesting time to talk about insider trading, to particularly talk about political insider trading and how it's become a downright horrific, awful insidious Issue, so what we're going to play is a little game that i like to call are politicians breaking their oath and we have some data, stats and facts to back all this up and don't worry because at the end, you're gon na find out that no, no, No politicians aren't the issue. You are. You are the problem you're the problem for the stability of the overall market? Not this egregious abuse of positions and power simply for the purpose of lining their own pocket. Very, very excited, let's hop right into it.

So i found this right here and i just want to zoom in a little bit and just to, i think, it'll give us better context honestly of their oath. I your name do solemnly swear that i will support and defend the constitution of the united states against all enemies, foreign in damascus, that i will bear true faith and allegiance. To the same that, i will take this obligation freely without any mental reservation or purpose of evasion, and then i will well and faithfully discharge the duties of the office which i am about to enter so help me, god and you're as you're about to know. That sounds like a lot of these people are about to be talking to the big man upstairs.

This is fascinating because to me hey, if you don't want to listen to that fancy oath, that everyone takes, i would say if you were to sum it up. The purpose in my eyes and really a lot of people in the us's eyes. It's you're you're, giving back to your country you're, attempting to lead the country in a better direction to the best of your ability, you're attempting to progress. The country progress society, progress, culture do the best you can to make the country stronger, more sound and more equitable for everyone, but i think some people might have been snoozing, maybe going on autopilot when they really thought about those words when they were signing up.

For this position, because it was more of a financial grab and more of a power grab than truly trying to serve your fellow countrymen and check this out so right there that's the oath of what should be going on, but uh. I found this little thing for you. This was very recent. This is pelosi on whether or not members of congress should be allowed to trade individual stocks.

This is pure hilarity. Should members of congress and their spouses be banned from trading individual stocks while serving in congress? No, i don't know to this. Second one um any uh. We have a responsibility to report in the stock on the stock, but i don't i'm not familiar with that five-month review, but if the people aren't reporting they should be because this is a free market.

In people we have a free market economy, they should be able to participate in that. Yes, ma'am, it's a free market economy. It's a free market economy. It doesn't matter if you're privy to special information.

It doesn't matter if you're abusing the oath that you took. Of course, we should be able to treat you think. My my salary of 200k, a year alone, is gon na cover my bills, for my 18 different manages who's gon na pay. For my jet, of course, i need to trade, that's not fair! Why would i not trade? I have all this awesome information.

Why would i not trade on it? It's a free market, hey! If you want to trade on it, you should be a politician if you want to pay off your 18 mansions come on man. That's a silly question, a lot of you a lot of the naysayers out there, a lot of people not looking up on the data might be, they might be thinking how bad is it and that's actually what the purpose of this particular video is is how bad Have us politicians, elected leaders, really gotten? Well, let's go through a little bit of anecdotal stories and then let's hit you with some hard facts, everyone strap in tie down your stocks, your socks or your stocks tie down your socks because i'm about to knock them off. So, most recently in reverse, chronological order fed vice chairman clarita to step down early following scrutiny over his trades during pandemic. This was just reported two days ago and he's stepping down the end of his post was at the end of this month, but like it was so bad that he was getting out.

Uh federal reserve, vice chairman richard callier, said money that he will be leaving his post friday this friday in a couple days shortly before his term would have expired. Anyway. The resignation comes following more questions into stock fund trades for clarita in february 2020.. Now, let me remind you what happened in february of 2020 just a little bit of a graphical depiction well for people who know what was happening in february.

There was quite a bit of a sell-off, so you might have known there before the sell-off and also the really astute traders would have rode this down and then taken the ride right back up and that's what many of them did before any of this was known That it was going to happen, people were selling here waiting for here and then buying in this, and then they just let it rip for the entire year, so particular towards clarita. He corrected disclosures show that the vice chair clarity himself sold a stock fund, then swiftly repurchased it before a big fed announcement. That's exactly what i'm saying! If you sell here at the top, then you know the fed's gon na stop in like stop the economy backstop. It with one of the most insane policies of quantitative easing ever well.

That's a pretty good trade. You lock in your attendees, you let it come down, you buy more and you let it rip right back up and that's exactly what our boy did, but it wasn't just him, so that was one fed member clarita. Unfortunately, two others got caught for it. Dallas fed president kaplan to retire early on october 8th once again.

This was back in 2021, now signing training disclosure distraction, uh rosengreen, who said he will leave as well, but cited health concerns. So that's two of them. We have rosengreen and then this guy to be fair, he didn't say it was because the tree uh trading or that he said it was because of health concerns. But when you wrap this up, this is nuts questions were raised because fed has conducted trillions of dollars in asset purchases amid helping markets function, and it has bought corporate bonds from mega cap companies, including apple.

So it's one of these things where they know that trillions from the government are going to flow into the bonds of these companies, but right beforehand they have their grubby little hands in it because they're they know they're about to be bought and shoot all the way Sky high kaplan insisted he had done nothing wrong. I didn't do anything wrong. I just knew a good trade. I knew because of my job that all these bonds, these big mega cap corporate bonds.

You know one of the first times ever that the federal reserve has purchased corporate bonds. You know i just thought it was a good play. I totally didn't use information from my job that i knew trillions of dollars were about to flow into it. No way, no way, no, how i did nothing wrong now.

I find this quote very, very interesting. During my tenure i have adhered to all federal reserve, ethical standards and policies. Now, there's a little bit of a deviation here, my securities investing activities and disclosures met, bank compliance rules and standards. Just because something meets bank compliance rules and standards does not make it ethical.

Sometimes, rules and laws overlap, in my opinion, with what is ethically and morally right other times they don't and right. Here you kind of have um a combination of the two, a melding of the two that just it simply doesn't make sense just because you're meeting compliance rules and standards does not mean that it is ethically right and i guess putting those two together. I guess that's what politicians are doing federal reserve people are doing to make themselves sleep easy at night, but it is wild and in fact it's talking about compliance rules and standards. Well, following this the day afterwards fed to ban policy makers from owning individual stocks and restrict trading following controversy, so the fed had a tough year with the economy, but also three of them now got caught with abusive of, i guess, actions following insider knowledge to their Positions egregious egregious you had people buying the right bonds, people switching from bonds to stocks at the right times.

It is wild. So i know we're talking about the reserve, but it doesn't stop there. Politicians and fed officials aren't the only ones trading in stocks with conflicts of interest. Judges did it too, and a new report shows 131 of them.

Did it so illegally? So imagine how many more of them were trading on cases that they were looked at and just didn't meet their particular law. 131 federal judges breached us all by failing to recuse themselves from lawsuits in which they held a financial interest. 61 judges or their families didn't just hold stocks and companies they were overseeing in court. They also traded them during the case like that that is wild.

Imagine you're the judge ruling over some anti-trust case, as it relates to apple and you're, actively trading apple. During the case that is wild, if you as a normal person, a plebeian, you would be in jail so goddamn fast. This is this is a quote from a federal judge. Please don't laugh.

This is a very serious show. I had no idea that i had an interest in any of these companies in what was a most modest retirement account. I just didn't know. Imagine that, like imagine, if that was your excuse, a cop pulls you over you're like cruising 150 down the highway yeah.

No, i didn't know i was going 150, so i can't be in trouble. A judge said that someone at the highest level of our judicial system, a federal judge, is like i just didn't know. A judge should know that your just lack of you, not knowing you were doing something illegal, does not mean that you're innocent and once again circling back to this whole ethics thing and the oath that they're taking it's baloney, it's baloney across the board. So we've talked about the fed.

We've talked about federal judges. Let's move on this game is fun. I love this game. At least 182 high-ranking congressional staffers have violated a federal conflict of interest law with overdue disclosure of their personal stock trades inside our analyzed congressional staff.

Financial filings for january 2020 to mid september 2021, reporters found that at least 182 instances in which senior staffers were late, disclosing stock trades. Those are just the ones they found. How are you late when you already have 45 days? That's how the laws are currently written. If they trade, they have 45 days to report it and then the way that the public database is kind of set up.

There might be another 45 delay. So basically, if someone trades that should be reporting it, there is a scenario: that's all completely above board that you and i don't find out about it for 90 days. A lot of the people just ignore the law and it goes unenforced one ethics watchdog said i will be getting into this, but the catch-22 of the situation - and this is going to relate to the stock act. The sec is the watchdog, but also the sec is paid by congress, so we're basically expecting the watchdog the dog to bite the hand that feeds it.

It's a messed up situation so before we get into the really good stuff, where i think everyone's mind is going to get blown federal reserve insider trading, we didn't know it no ethics issues. We did nothing wrong. Federal judges, hey we're trading on the cases that we're presiding over - i didn't even know i own that stock. I i just forgot.

I was actively trading it on robinhood the other day. My bad, don't worry about it. Congressional staffers clearly privy to intimate information about our entire country and what is or isn't going on, hey man, 45 days isn't enough for me to fill out a form and tell everyone that i was trading these stocks. I simply don't have enough time.

Yes, i have enough time to trade, but i don't have enough time to report that trade come on man you're, not being you're, not being cool. Can't you just be cool about it for once. Well, the coolest of them all is congress. I love this.

I love this congressional trading in 2021 and obviously a special shout out to unusual wales for compiling this data. Man, like i said i gave you that warning. You better buckle your socks down because i'm about to knock them off so overall total value of stocks traded by congress in 2021. As you can see, the house sold and purchased around 140 million both ways and then the senate uh we had 16 sold 6 million purchase millions and millions and millions of dollars, and let's get into some of the specifics.

I do like these trends, where you see more on the left side democrats involved in big tech, microsoft, google apple and then on the right side, you're going to see republicans in oil in steel. So it's kind of interesting that what they're trading is literally the ones that they're going to know about the most where their lobbyists are from, where their home states, whatever they're tied to they're trading, on the information that they obviously know. But what's crazier than that, it's not only the information that they know but they're in the positions to make the new rules when you're trading microsoft as a democrat, you're, actively voting and making rules that relate to big tech on the republican side. You're, making rules related to oil julian oil drilling in steel manufacturing, the relationship is so egregious.

It's not just them training on what they know, as in oh hang on. I've been in this field for a while they're training on the laws that they're voting for or denying. This is wild, and i know we're talking about stocks, but stocks have actually gone down. So, as you can see, this is the same set of data 2021 versus 2020.

They in 2020 traded, almost half a billion 514 and it dropped to 318 and you're like well, hang on matt that that seems good. That means that they're trading less well, don't forget that options. It's a derivatives market, that's leveraged by a rate of 100 to one highly leveraged, bet, look at what popped up. In 2021, 143 million dollars of options was traded relative to 2020, which was 26 million.

Other securities also popped up. That's crazy, so, overall, the most highly leveraged way you can engage in the market. It went up by a hundred and twenty million dollars from our congress. Now, as you're about to see, this is not a left issue, this is not a right issue.

It is both and you're. Gon na see people on both sides of the political aisle, somehow most of them career politicians, most of them without any intimate knowledge of the market at all, and there are hedge funds that spend their careers attempting to consistently beat the s p. 500. So, of course, i'm going to see the comedic value in the fact that many of them without stock market knowledge are continually beating the s.

P. 500. I wonder how they pull it off and i thought it would be fun to kind of scroll up. So the s p 500 on a relative basis.

You can see that thomas barely beat it, but as we go up and up they're going to beat it by larger and larger degrees. And let's see if you cannotice some of your favorite politicians - and i also want to illustrate that this is not a left thing - this is not a right thing. This is the fact that our congress - people are pieces of thing. So, as you go higher and higher you're, seeing like remember, this is the spy.

So as we go out and out that's the degree to which they beat it by even more well mitch mcconnell's in there. He did pretty well mo brooks don look at this. We're getting more and more - and i know a lot of you like whoa pelosi, crushing it she two two and a half x, dan crenshaw, just out barely outpacing nancy pelosi, i'm wondering there if at like the congressional lunch time, if they're there like on robin hood Together, saying oh, like they're like arguing about who's, the better trader and actually austin scott coming in at numero uno, and i just thought this was so fascinating, so he's here and let me just zoom out so you can get a better idea of like the degree That this was hang on. I got ta zoom out a lot so austin scott brian french hill, john dan nancy, david david, look at this degree compared to the s p.

500. All the way over here i am sorry for laughing, but if you don't laugh you're gon na scream, because this is such an egregious abuse of the spirit of what a congress person should be and also to the, like definition of a law of. What's going on here, crazy, crazy, crazy, crazy! So let me zoom in one more time just to show you some of these impressive trades. You know everyone likes to know what they made their attendees on so right here.

These are some of the best individual trades. So uh the house, member austin scott one of these on fuel cell, the ev play he made 780. He crushed fuel cell actually on two different trades, 571 and then the third place. One was brian mast on tilray.

If you're playing the marinara industry, i guarantee, if you look into it, i don't know if this is true, but someone can fact-check me. I bet. Brian mast is on some sort of committee that relates to marijuana and the vote for it, but he's crushing that trade up 564 percent. Now, let's take a look at the senate, so tommy tommy boy here got 127 percent on aaa and patrick toomey, who is literally on the finance committee, a nice 95 trade on tesla.

These are people who allegedly spend all day attempting to make our country a better place, and here they are yoloing these traits. This is so freaking wild, fascinating stuff, and i know a lot of you might be sitting there. Maybe you're not laughing like me, maybe you're ripping your hair out right now and your question is how is this legal well kind of an interesting scenario for you, but to sum it up, tldr, it's not legal! It's just not really enforced. The stock act.

Outlawed insider trading by congress right there, it was first uh. It was passed in april of 2012. um in 2013 congress amended the stock act, loosening its financial disclosure requirements and making it more difficult for members of the public to access those required filings. So basically, like does no one find that so funny it was going for one year april of 2012 and then by april of 2013, they literally had to amend it and they're like nah.

We don't want those requirements. Those disclosures are too tough. I wish this weren't. True, they literally could only do it for one year and they're like no.

No, no, no, no, no and then what's cool about it is they get to vote on the amendment themselves, they're the ones who get to vote on stuff and they they look and they're. Like hey, i know we hate each other across the aisle, but at least we could be bipartisan on the fact that we all want more money for ourselves and they're like cool cool and they're. Like yeah sounds good to me, and then they just pass it so anyway key provisions that the laws were weak in reducing safeguards against insider trading. They couldn't make it one year, that's so wild.

That is so. When i was reading this, i almost lost my mind, but even if they didn't weaken it coming back to the catch 22, i was discussing before the people the watchdogs, the ethics watchdogs. In these situations it is the sec, the sec gets their money from congress. Are we really so silly to expect that it's gon na, like they're gon na bite the hand that feeds them? It is wild, especially for these sec high ranking members that have future political aspirations.

They don't want to piss off the people that are gon na, get them higher in politics. The watchdog shouldn't be related to congress at all, and then some people take that a step further and ask should congress people whatsoever be involved in the market or training, and i actually have some interesting developments for you on that. So this came out recently from senator elizabeth warren, basically right out of the gate ban, individual stock ownership by members of congress, covert secretary senior congressional staff, federal judges, white house staff and other senior agency officials, while in office prohibit all government officials from holding a trading Stock, where its value might be influenced by their agency department or actions, so there are some people in. I guess congress right now who are kind of calling out.

This seems like baloney, but i wanted to share some of my own thoughts on it. So if we wanted to get super technical, so, for example, let's say we're looking at pelosi's traits, a lot of her traits are actually executed by her spouse and a lot of this right here. Members of congress cabinet secretaries senior congressional staff, federal judges. None of this is saying your spouse.

If you're a congress person, there's nothing stopping me like. Okay, that's the rule like. I fear that this is just gon na, be a loophole and be like cool. I didn't trade, it doesn't matter that my spouse, or my significant other or my family is making millions and millions and millions of dollars.

It wasn't me and good luck proving them that i told them anything. So i think this is something where i like. The sentiment of it, but i already see how the loophole is going to get abused. So if we don't close that loophole a big if there, i would actually say it's one of these things that i would push for anyone in these positions of power in these positions of leadership them and their family.

I want immediate disclosure or better than that. You have to do it disclosure and then you're able to purchase afterwards of saying: hey, like i don't know like a 24-hour window or something i want to buy apple, it gets posted, it goes public, then, the next day they're allowed to buy. I think it's one of these things that the window it's far too much - i either want immediate disclosure or the disclosure happens before the actual transaction. I think that's a way where to me, if we're looking at like the spirit of what's fair or not if they want to trade great - and i just don't know if it's one of those things if we should ban it because then we'd have to ban it For family, but that's not the family's choice that their family member is working in congress, so i think a happy medium.

There is immediate disclosure or disclosure before the trade is actually executed, and obviously that should be 100 publicly available and as soon as they break these rules, i don't know like a three strikes and you're out a two strikes, then you're out uh. So basically, if it's not being reported any money you made on it, i think it should get clawed back and given to some sort of charitable government agency and by the time you do it three times. So you lose your money, you lose your money. The third time done, you are done, no more trading for you.

You cannot follow the rules, that's kind of just my own personal thoughts on it. Maybe i need to think about it a little bit more but overall to me this is absurdly egregious, but i want to remind you. I obviously need to remind you that this isn't the problem congress. Isn't the problem, we're just not being the fun ones? Let them party remember that you are the problem.

You are obviously the problem fed says: meme stocks pose risks to financial stability, you're the problem, the fact that you're sitting there buying a stock you want to buy for whatever reason, maybe you looked into market makers? Maybe you looked into short interest. Maybe you looked into utilization? Maybe you looked into a company's fundamentals? Maybe you didn't do anything because you just don't care? Well, congratulations! That is your right literally. You could say. I bought this stock because i noticed a tree outside was green and i thought i should buy a stock today.

Your reasoning is your reasoning. The entire point of this is no one can ever conduct what is good or bad reasoning for you. They can't you could be like. I just did it because, because i did because i wanted to, i saw a tree outside the sky was blue today, so i decided to buy that stock.

But with all this, you see at the highest levels they're trying to spin the story as if you are the problem, meme stocks, the fact that people were like i like gamestop, i like amc or insert stock xyz, it doesn't matter. Apparently, retail is the problem, not the duplicitous, manipulation on wall street, not the insider trading at congressional staff, congrat congress people themselves, the fed federal reserve staffers themselves, federal judges. All of these people they're, not the problem. Of course not.

Why would they be the problem chill out you're the problem, the retail trader is so obviously the problem, the fact that they try to spin the narrative this way it's sickening. It is so absurdly sickening it's the same thing as what we saw in 2008 in 2008, when the entire market went down, they never blamed wall street wall street got bailed out, the average person got screwed over. You know what they did. They blamed poor people, immigrants and teachers, that's apparently the classes of people that almost ruin the u.s and global economy, poor people, immigrants and teachers.

It's one of these things that they're not even creative in how they're trying to spin it if anything were to go awry. They're already setting up the little breadcrumb trail of yeah, it's just the retail trader. It's by no means wall street. That's barely ever being checked, it's not congress.

It's not any elected leaders. Don't worry about them! It's so painfully obvious that they want to set it up. This way, so when things go awry and given enough time, things always go awry, they always just have the scapegoat and this time they're just setting up retail traders. It's those darn retail traders that they just they were too much risk to the overall system.

And don't look at anything else, and even if people wanted to look at something else, the people who fix it are the people in those elected positions in power. So it's just such an absurd catch-22 circumstance now i don't want to leave it on that. No, in fact, i want to leave it on a little bit more of a positive note. Remember: our voices can be heard with the expansion in digital technology, digital communication and all these digital communities, the voice, it's getting that microphone effect.

So, overall, i think all of us can do our part and when it comes to it make sure your voices are actually heard, pay attention to the politicians who are saying something, logical and don't seem like greedy little scumbags that only care about lining their pocket. Do your research, do your dd make sure your voice is heard and when a beautiful thing about being in the us's is your voice is heard through voting vote for the people who actually have some true moral morality and true ethics behind them, opposed to just saying It so that's a wrap up. I have for you on the horrific nature of politicians and insider training, and i just want to move over very quickly. I heard the bell go off in the market, so, let's see how things close out for the day.

Overall, the spy was green, the queues were green. The russell was down amc, a little bit flat down by seven cents, jimmy down by two dollars and 24 cents. Uh down only 1.7 percent um, we have tesla, looking good, actually got slightly just below 1 115. So we saw that big reaction to the cpi.

Early this morning we saw some positivity. Then things got smacked and throughout the day they kind of grinded back. Do not forget tomorrow morning, before the market opens on january 13th, thursday there is going to be a ppi report. The producer price index comes out at 8 30, an hour before the market opens so expect more volatility tomorrow and then on friday, before the market opens.

There's a whole host, a myriad of big banks that will have their earnings announcement, which will also sway the market for the remainder of the week. I'm expecting a continuation in volatility and then don't forget next week. The market is closed on monday for a holiday. So next week is a four day trading week, just to remind all of you, one final reminder is in an attempt to cut down confusion.

If you are on rumble or twitch, you can tune this out, don't worry about it at all, but starting basically next week, all the crypto content. It's not going to be on the normal mat course channel. I'm just there seems to be a lot of confusion about it, so i'll be spending it off to crypto cores. If one of the mods could throw the link in the description just so, people can find it.

But if you like crypto, this is for you. If you just like stocks, all right, you're already on the right channel - and you don't have to worry about it - i just don't want people who will like stocks and not care about crypto being forced to see this, and vice versa. If you only care about crypto and you don't care about stocks well, it doesn't really make the most sense to have them all in one place. So this is just for my youtube viewers.

If you are on rumble, if you're on twitch, you don't have to worry about it, you're a-okay, nothing will change there whatsoever. So that is what i have for you today, especially when it comes to the egregious duplicitous, insidious, horrific nature of political, insider trading. It's something that they're not going to change it on their own. The people who are in this country tasked with the important job of affecting true change, they're, the ones who are currently letting us down when it comes to this particular issue.

So, for that one to change, it is truly up to us. Our voices need to be heard when you see videos like this, when you see reddit posts like this, when you see twitter write-ups like this, whenever you see anything, anyone trying to shine a light on how we are clearly getting screwed over by our own government. In my eyes, that is something that's worth a share, a like just more people need to find out, because, once again it comes back to the megaphone voice effect of a lot of people calling out people when they deserve to be called out. That's what i have for you.

The market is wrapped up today. As always, i truly truly appreciate your support. This little corner of the internet, the moon gang, is by far the coolest it corner of the internet. Thank you.

Thank you. Thank you. I will catch you at tomorrow morning: 9 a.m, bright and early, we'll get ready for the market open half hour before and then we'll watch the first 90 minutes of the market together. Whatever time it is for you whether it's your morning evening afternoon night, i hope you have an absolutely fantastic one and from both chair and myself, as always best of luck in the markets, you.