Trading - The Congress Critter Way

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

searcher

morning
Moderator
Benefactor
Messages
14,473
Reaction score
2,943
Points
238
THE REAL REASON AMERICAN POLITICIANS ARE SO WEALTHY

Kickbacks. Book deals. Speaking engagements. Base salaries. Clever stock deals. Insider info. Financially favorable legislation. Could wealth amongst United States' politicians — a kind of Romanesque neo-patrician class – have such obvious causes? Or, are such reasons only the bitterness of the American public spun into slander? Or, is it the case that certain offices all but require immense wealth even to run, thereby limiting top contenders to those who already have money? Historical Index, for instance, cites $50 to $100 million needed just for a modern presidential candidate to win in the primaries. Open Secrets cites a ludicrous figure of $14.4 billion spent during the 2020 presidential election.

Read More: https://www.grunge.com/1416640/real-reason-american-politicians-wealthy/
 
...
Kickbacks. Book deals. Speaking engagements. Base salaries. [Clever stock deals. Insider info.] Financially favorable legislation. ...

No (small potatos). No. No. No. ["Clever"? lulz It's insider trading - Yes]. Yes (aka sweetheart deals, influence peddling and graft).

$.02
 


...
Members of Congress are required to disclose their personal finances through financial disclosure procedures. Financial disclosure forms are filed annually and every time they or their families make a trade. These forms are made available to the public through the Office of the Clerk of the House of Representatives and the Office of the Secretary of the Senate. These forms are a key tool for promoting ethical conduct in Congress and are an important part of efforts to promote integrity and transparency in the legislative process.

This report analyzes data obtained from publicly accessible financial disclosure forms. We tried to compile all transactions published from 2020 to December 31, 2023. Politicians have up to 45 days to disclose transactions, though there are cases where transactions are filed years later with seemingly no penalty. This delay means that at the time of compiling this report, not all disclosures for 2023 may have been published.

We’ve been doing this report for four years now and we’ve accumulated a lot of data. This year, we’ll comment on trading trends over the last couple years. ...

More:

 
Ten percent for "the big guy" adds up after a while. ;)



Absolutely zero reason for China, Russia, and Ukraine to have been showering Hunter with tens of millions. He's a washed up crack addict with no perceptible skills.

It was influence peddling, pure and simple. That's the only thing he had to offer. If our disgraced Justice Department weren't in on it, they would have no problem locking them both up for the rest of their lives.
 
Congress uses the financial markets to directly supplement their salaries and information to get votes.
 

The Morbidly Rich Have a Vision for the U.S.? A Blueprint Exists!​

Jan 8, 2024


10:46
 

Nancy Pelosi Made $500,000 From Her Nvidia (NASDAQ: NVDA) Bet, Doubling Her Annual Government Salary In Just 2 Months​


U.S. Rep. Nancy Pelosi, D-California, has achieved significant financial gains from her recent investment in Nvidia Corp. (NASDAQ:NVDA), a prominent company in artificial intelligence (AI) and semiconductors. On Nov. 22, Pelosi acquired 50 call options for Nvidia with a strike price of $120, expiring on Dec. 20, 2024. The transaction value ranged between $1 million and $5 million.

As of early 2024, Pelosi has reportedly made nearly $500,000 from this investment, surpassing her annual government salary of approximately $223,500. This gain is attributed to Nvidia’s stock performance, which has seen an increase of over 21% in value since Pelosi’s acquisition, according to Finbold.

More:

 

Congresswoman Discloses Purchase Of Defense Stock Lockheed Martin Before 'We Must Hold Iran Accountable' Comment: Is There A Potential Conflict Of Interest?​


  • Defense stocks could benefit due to increased tensions in the Middle East, heightened by a drone attack on US troops in Jordan.
  • A Congresswoman disclosed buying shares of a defense stock before saying the US should hold Iran accountable for the attack.
The act of buying and selling stocks and options by members of Congress has become a hotly debated item across social media and in the news due to potential conflicts of interest.

A member of Congress recently disclosed a purchase of a defense stock, which could point to another conflict of interest.

What Happened: A drone attack on a U.S. outpost in the country of Jordan killed three American soldiers was suspected to have been done by militants in Syria that were backed by Iran. The incident came during the current Middle East conflict and could lead to increased action in the region.

With tensions rising in the Middle East, defense stocks could benefit from additional purchases of weapons and defense systems.

One member of Congress bought shares of a leading defense stock days before the drone strike in Jordan.

Rep. Kathy Manning (D-N.C.) disclosed the purchase of two separate orders of Lockheed Martin Corp shares. Each transaction was valued at between $1,000 and $15,000.

More:

 
USnfWeCOHTHB3WX0aY.webp
 
The buy is one side, but when do they sell?
 
Foreign Aid. Money goes overseas and comes back through shell corporations owned by friends and family members. Money then gets funneled into political campaigns and any "extra" left afterwards can be legally put into their retirement funds.
The most blatant examples were The Clinton foundation that funneled up to 2 billion through their foundation and now Obama who goes into office with a combined net worth of a little over a million and 8 years later has the Obama foundation worth 300 million plus with several donations over 25 million but no one is allowed to know who the anonymous donors were.
Remember Solyndra? Over 500 million of taxpayer money just lit on fire in a years time. 1100 employees at lets say 50k each for a period of 1 year totals 55 million. I think the company got like 550 million so where is the other 500 million. No charges for anyone and no real facts released from a 4 year investigation. FBI went in and grabbed everything as soon as bankruptcy was announced so probably no way to find out how much went to kickbacks to politicians.

All of this should be illegal. In the old days we were never giving money to corporations to start up a company. A loan to bail out a company here and there but even when Chrysler needed a bailout it was very controversial. Probably illegal but we did get paid back. Now there isn't even a hint of controversy and DOE just hands out money like candy.
Next up is over 6 billion to build chip plants in Texas. For Samsung. If it's such a great idea to invest in this then why aren't banks making that investment? Why didn't banks make the loan to Solyndra?

This is normalcy creep. 1st it's controversial to loan money to Chrysler. Then years later money is just given away like it's a normal thing. All of this is tax dollars being funneled into companies that will funnel a lot of it back via no show jobs for politicians families and friends and also political contributions.

Planned parenthood and NPR are 2 other organizations being used to funnel political contributions. Money gets allocated to both of these organizations and both make massive contributions to political campaigns.
 
*Moved this thread into the Trading Bug section. While there isn't anything that'll be done about insider trading by the critters, maybe someone could benefit by following some of their moves. Here's hoping I'm one of them. 🍺
 

Investors, worried they can’t beat lawmakers in stock market, copy them instead​

Members of Congress hear a lot of secrets: classified briefings, confidential previews of pending legislation and the private opinions of constituents, regulators, corporate executives and world leaders.

Watchdog groups have long believed that some lawmakers use that information to make money in the stock market. Now a loose alliance of traders, analysts and advocates is trying to let Americans mimic the trades elected officials make, offering tongue-in-cheek financial products — including one named for former House speaker Nancy Pelosi (D-Calif.) and another that refers to Sen. Ted Cruz (R-Tex.) — that track purchases and sales after lawmakers disclose them.

Collectively, these investment vehicles have attracted hundreds of millions of dollars. At times, congressional investigators have used them to keep tabs on suspicious trading activity, according to people familiar with these investigations who spoke on the condition of anonymity because they are not authorized to speak to the media.

“Our mission isn’t to make everyone millionaires — it’s actually to highlight the hypocrisy of congressional trading in an effort to bring more transparency and trust back into our government,” said Christopher Josephs, the founder of Autopilot, an app that allows ordinary investors to mimic the trades of leading politicians, top hedge funders and other famous traders. “Hopefully it’s helping, but our slogan is, if you can’t beat them, join them.”

Members of Congress are permitted to trade on the markets, but a 2012 law, the Stock Act, clarified insider trading restrictions for lawmakers and ramped up reporting requirements. Lawmakers are banned from trading based on material and nonpublic information they learn through their jobs and have 45 days to disclose any trades they or their immediate family members make.

More:

 
Back
Top Bottom