FBI is smart. Sounds like they have felonies hanging over many many politicians. Vote this way or explain how you made $20 million last year Mr. senator.
I work as a corporate trainer at a law firm. I do not handle any client documents. And I am still *completely barred* from any stock trading without going through a byzantine approval process, and that goes for my spouse, too. If I, a private citizen, cannot trade stock because I happen to work at a law firm, there is no way congresspeople or their families should be able to play the stock market like this.
The systems benefactors also profit. After all, who owns the politicians? Oligarchs, corporate masters and special interest groups who influence voters.
I used to work for a bank and currently for a trading company. In both cases, I had no insider information, but I still had to follow policies stating that if I wanted to buy or sell stock, I had to lodge a request to do so and be granted access. I also had to hold onto anything I bought for at least 30 days. I don't know why this isn't the bare minimum expected of politicians and their families.
@@DiakosDelvinThere should be an actual commity of the people to regulate members of the government. They should be able to enforce new laws for the higher ups, and essential make sure there is a balance of power
@@asrp4284 "We the people" should have a way we can implement laws that govern those individuals we elect to represent us. Currently, we have a system where those we elect tell us what we can and can not do through legislation and then exempt themselves from such legislation.
When I retired from the US Army friends talked me into running for elected office. I did and was elected twice, as a Republican. In 8 years I got an eye full of politics. I helped on several campaigns for state senator, state representative, and congressman. Having been a commissioned officer, I could not put up with the lack of honor, honesty, or truthfulness. I saw it at all levels in both parties, so after 8 years I declined to run again and I walked away. I am now a farmer in rural southern Ohio. My wife and I are now happy.
Your country needs honest politicians out to do real good for the us citizens now more than ever Having said that, you most likely made the smart choice
But, even if you got the inside information, you still have to put money at risk, and there is no guarantee the market will respond. I have seen stocks with blow out earnings and news, and still dump. I think that is why insider trading is hard to prove. What if the information is worthless to a market that already pumped or dumped the stock? Show us proof insider trading even works.
@@justicewatch4602 Are you dense? Insider trading is knowing BEFORE everyone else INSIDER information. How is the market going to react to something it doesn't know? Also if it doesn't work what is the problem with banning it?
@@jakemcgowan7928 I agree with you, but there is no guarantee the market will react, hence we don't have a lot of concrete studies on it. How much of a drawdown could you afford going short on inside info, if the market lags, or the market just experience a huge drop? We caught Martha Stewart. But how many others?
i paid into my 401k for 12 years, double payments, 2008, i lost all of my retirement savings, job, and house. so glad politicians were smart enough to save themselves and then bailout the millionaires they shorted with tax payers money. almost 15 years to be debt free and not homeless anymore. thanks government
Sounds to be like you were not diversified, over bought on your home, and relied on someone else to manage your money. I feel bad for someone with a medical issue that causes this, not a lazy npc.
@@camtwan1you’re talking with a lot of authority for someone that only has one comment to base someone’s financial situation from 15 years ago on. How’s the boot taste
ha,ha. it was the God damned politicians ( a republican president no less) that conned the american people into 401k to begin with. do you not think they had a plan to steal more of yours and mine money all along? they also borrowed money from social security funds they will never pay back.
If I work as a researcher, It's nearly always in my contract that I'm not allowed to go patenting ideas in my own name because I obviously used ideas I came up with or worked on at my job. It should be in your contract as a government employee with access to non-public information that you can't hold stocks at all. When you're in congress you're getting paid enough to live comfortably forever. You should be focused on creating a country you want to retire in, not building yourself an escape hatch so you won't have to live with the repercussions of your choices.
Beautifully put. With all of our governing class building escape plans, it seems like they're foreseeing a self-fulfilling doom prophecy for our nation's economy, and with global implications.
I will never not be bitter that, as an external auditor, I had more stock buying restrictions than members of congress. My immediate family was subject to these tighter laws than CONGRESS. 😡
@rustytr we can fight for better laws AND vote for the corrupt ppl that don't want to strip human rights away from minorities. It's not that hard to do both. Giving up on electoral politics completely is what the fascists want us to do but nice try.
@@spicedreamer818 it requires a complete cleanout in all of politics. Which means, no trump, no biden, no none of those who are there today. none of them should be in politics and instead be replaced with actual people who have lived actual lifes in society.
Sadly, that day will never come. The best we can hope for will be the day it will just be stopped from continuing. Rest assured though, these people will NOT be held accountable.
The corruption in US govt is as bad or worse than corruption in "3rd world" countries. Only difference, America have instituted laws to legalize corruption to make themselves look squeaky clean. Classic example - lobbying (another name for bribes).
The corruption in American politics is just sickening. Especially when you see how they are so quick to call out and condemn other countries leaders for corruption when they are no better. Only better at disguising it .
@@UserHandle454 this literally isn't a case of lobbying. Also, technically that is legal. But this in the video, is called "insider trading" and it is not legal. Also to the original comment, say exactly what country you are talking about and who we call corrupt and are just as bad as. I'd love to know.
If you can be restricted from selling stocks based on the company you work for, surely all of congress should be incapable of trading stocks both personally and through their families.
@@abramrexjoaquin7513 Yep. They call it the cost of doing business and move on. Murdoch's recent payout of 780 million dollars is a prime example. That was a fraction of what he made from the lies he had his media networks spread.
@@UKindness4 Yeah, absolutely. This isn't a partisan issue at all, as we can see by the list. it's fifty fifty, and both side need to own up. However, getting them to agree to curtail their own profiteering seems to be next to impossible.
@@AInfusedNetwork Investigators: "Have you been cheating the system"? The politician investigated: "No" Investigators: "Alright then, case closed" That's how I imagine anyway.😡
🔖The funny thing is the politicians' favorite excuse is *"It's a free market".* Well it's not a free market if you're cheating ordinary investors by having an advantage, it's a rigged market. It's like playing a basketball game where one team has a 24-second shot clock and the other has a 5-second shot clock. Check and Balance is one of the pillars of democracy, and it's crazy that this is allowed in the strongest democracy in the world.
Can we all just take a minute to appreciate how Johnny exposes these politicians while at the same time, perfectly treads a fine line to avoid opening himself up to litigation. Masterful.
Speaking of litigation; I hope you (Harris) get on the F.B.I.'s case about sending you so much redacted and unreadable information. Let a judge decide if a reasonable person could perceive the information they sent you. This is about keeping our government accountable, bottom line.
@@williamyoung9401 You know, you can get on the FBI's and court's cases too by helping groups that have been fighting governmental insider trading for a long time.
When I started at one of the Fortune 100 companies, they handed me a list of nearly 2000 publicly traded companies in the US and Europe. I wasn’t allowed to trade stocks of these companies due to potential insider information. I also had to watch a 2-hour video and take a test on insider trading. At that time, I had some stocks on Robinhood. I was quite nervous, so I ended up selling those stocks and closing my account. Now, I’m observing lawmakers making millions through insider trading, and it seems like no one can actually prove it. What a joke!
Pelosi and the other corrupt officials call it a free market economy when they have privileged information not shared with the public. These people can't stay in office and voters need to hold them accountable!
Just don't forget Harris does sponsored vids for the WEF. Remember that when he says it doesn't matter who the redacted names are. The redacted names are paying his bills.
I love your research so much. The video is not just informative but creates suspense and thriller as well. Can you please make a video on an organization called Sanatan Sanstha in India. I was curious about that and would love to hear about it only from your videos. ✌🏻☺️
But, even if you got the inside information, you still have to put money at risk, and there is no guarantee the market will respond. I have seen stocks with blow out earnings and news, and still dump. I think that is why insider trading is hard to prove. What if the information is worthless to a market that already pumped or dumped the stock? Show us proof insider trading even works.
@Walli He allowed the atomic bombs to be dropped when everyone knew Japan would surrender when A. The Soviet Union joined the war B. The Americans offered Japan terms of surrender which included the safety of the emperor. 100,000’s of innocents are on Truman’s hands.
THANK YOU! Thank you for putting this in a unbiased and balanced light. Your straight forward, honest assessment of the corruption of our congress is a breath of fresh air!
@@Molikai Oligarchy is the rule by a privileged minority whereas plutocracy is the rule by a wealthy minority. Hence, plutocracy is a form of oligarchy, but plutocracy distinguishes the particular ruling minority by their great income or wealth.
More like an oligarchy with Congress, as a collective, being the most powerful player, then the elected and appointed officials, then the rich and powerful private corporations, interest groups, & lobbies.
@@mikotagayuna8494 There are Congresspersons, Supreme Court Justices, Presidents/Governors, Cabinet Secretaries, and so on -- who are NOT wealthy also have tremendous amounts of power over domestic & foreign policy. In America, you don't have to be rich to rule the country/world, it helps, but power is all that is needed. Money isn't the only form of power.
@ElPolloDiabloCH that's because most people are stupid and don't understand how cruel the politics and military security complex are . And not only them. Basically is all about the money in politics .in US is called lobbying
@@x6da9crain Dude, he's even more corrupt than all the other politicians. Add his fathomless stupidity and a fragile ego and you have the perfect recipe for disaster.
I’m 22 years old idk if you’ll ever see this but thank you SO MUCH Johnny . Real journalism, aw inspiring , knowledge is power. THANK YOU SO MUCH you and your whole team for existing and working so hard to spread light in the darkest corners of history and events today.💙🌎
Thank you for keeping on investigating corruption all over the world. The quality of the channel has gone up loads during the last year. Keep it up team!
It's not just CEOs and those they tip, who are restricted in their trades. I worked at Amazon for five years. All of the software developers, and several other kinds of employees, had restricted trade windows. We couldn't trade Amazon stock within a month either side of the quarterly earnings report. Basically there were four months scattered through the year that we could trade, the rest of the time we had to be hands off. The information we could get by looking at daily sales graphs was considered too valuable.
The graph at 00:26 describes shorting wrong. To short, he borrows the stock (paying a recurrent fixed fee, at a fraction of its cost) and he immediately sells it at what he believes (or knows) is the high point (not "buys"), that's where the short begins, essentially paying just the monthly/ weekly/ whatever fee while it lasts. When the market is low enough, he buys it back (not "sells") at a much lower price, gives it back to whoever he borrowed it from, stopping the fees, and he pockets the difference between the selling and buying back point.
It's hilarious that they made a law against insider trading and all 70 congressmen who were investigated got off free. Rich people and politicians don't go to jail.
Mhmm. I think if we dressed every elected official up like NASCAR we'd know exactly which corporations/billionaires have paid off which people. That way there's a level of transparency for the voters so they can't just keep lying to our faces about who's interests are actually being represented
📌The funny thing is the politicians' favorite excuse is *"It's a free market".* Well it's not a free market if you're cheating ordinary investors by having an advantage, it's a rigged market. It's like playing a basketball game where one team has a 24-second shot clock and the other has a 5-second shot clock. Check and Balance is one of the pillars of democracy, and it's crazy that this is allowed in the strongest democracy in the world.
Voting gives Americans false hope for change. Its the strongest in that sense. Elites can profit at the expense of the masses, while giving the illusion of hope for everyone else.
It’s a constitutional republic NOT a democracy. We need to ban trading and introduce term limits. Also if you go over budget you’ll be ousted from the government. Now for my own personal opinions. This country dearly needs education funding and much less military and sports arena funding. Education is a key point of society and without that a country will fall fast. Look at the most violent places. Bad education. Look at the poorest places. Bad education. Look at the least developed. Bad education. Look at the least healthy. Bad education. You get the point.
I work as a butcher in denmark, its a nice job, 3*12 hrs a week, a standard worker class income. Our parlament politicians, make roughly 2,5 times my salary. That's insane, some people are even claiming they get paid to much. Americans have this, you dont tell me what to do attitude, so when the people say please manage the country properly the politicans just go; "dont tell ME what to do"
Incredibly glad you covered this. I may be out of step with the majority of people here, but I truly believe our government is so unbelievebly corrupt it can't be saved. But a stock ban and term limits for elected officials would do wonders and would actually give me some home we can fix this sinking ship.
Not corrupt if they legalized it And then they can criticize other countries of corruption while saying they are the cleanest people on this world as it is not corruption in US.
They feel so unaccountable for their action, no matter how evidently illegal they are, they don't even bother to use a family member or a friend to make the transaction and get a cut out of it. The laws just don't apply to them, period.
@@gonzayare No they're not. Because their exact actions have not been deemed illegal by a lawmaking body, otherwise, they would've been in jail. Learn to read.
Call it like it is, these people only care for themselves. These people are disgusting and they should be more than ashamed of themselves. The selfishness of the people running our country is beyond me and I really cannot believe that people continue to vote them in.
@@defaultguy0 that made me laugh Johnny's work is okay at best. usually a lot of information is missing or he comes to very wrong conclusions. and in his attempt to appear neutral he neglects to mention that the GOP is 10x more likely to partake in corruption and earns about 100x more money doing so. none of what he Johnny says or writes should be taken seriously and you need to do your own research to verify that things are true especially in the context he presents his facts in
These types of comments are so annoying. Oh, did you like the video? So did lots of other people!! You don't have to make some generic comment to say the exact same thing as everyone else. I want to see actual comments, not this crap.
But, even if you got the inside information, you still have to put money at risk, and there is no guarantee the market will respond. I have seen stocks with blow out earnings and news, and still dump. I think that is why insider trading is hard to prove. What if the information is worthless to a market that already pumped or dumped the stock? Show us proof insider trading even works.
@@justicewatch4602 Yes, but the ethics are also about the appearance of impropriety. Congress could gain some goodwill back by restricting their investments to only broadly diversified mutual funds and ETF's much like any other federal employee.
@@stephenmccalley8346 @4DCResinSmoker I think it would have been better if they let us see their trades in real time, not just ban them, cause they still got their brother in law to take the trades for them. Or funnel a news letter that just happens to be 90% accurate. We jump to conclusions way too fast. The more activity we get to see the more likely crooks won't run for office.
“Power is a lot like real estate. It's all about location, location, location. The closer you are to the source, the higher your property value." Frank Underwood Sums this up quite well
Fortunately we can get there by proxy with newsletters. You can get very good newsletters from experts in a variety of industries who know the movers and shakers and this info is for hundreds or the low thousands per year and is worth every penny, and are publicly available for subscription. Anyone going about their investing all on their own is nuts. Spend the money.
Public people have almost no chance of winning a defamation suit against a journalist. The first amendment and many court rulings fall on the side of journalists.
Johnny isn’t trying to avoid a “defamation lawsuit” like what? It just wouldn’t be a good look for him to dogpile on the senators because he himself is worth millions of dollars, treading the line between us and the senators
What is it with rich people, who have more money than they will ever need, or their children will ever need, but still constantly try to grasp for more of it? It's like some kind of brain disease that takes over when you pass a certain net worth. It feels more malevolent than just greed.
@@tootaashraf1 no, it's not human nature, human nature is to only take what you need so you know there will be enough to take again the year after. Human nature is to balance things. When you keep taking, that's a disease. a mental illness.
There is a lot of crap in the US democracy like we have in India but what is unique with US is people like you are aware of the issues and can share such information and still be free to walk around 🙂
same i used to live in india before i moved to america a decade ago. the main difference is everyone in india is corrupt but they don’t leave a paper trail😭 americans have well documented records of their scandals & unethical transactions YET no one is doing anything
@@kayalvizhi7611 We can’t do anything. The institutions we put in place to stop these amoral practices have also become hopelessly corrupt and partisan. The law protects them from vigilante Justice.
They operate in this gray area just a tick on to the correct side of the wide, very blurred line between legal and illegal. They have just enough insight to not fully go illegal because of obvious reasons, so they ratchet back just a tad. This entire video of Johnny's would be seen as pure conjecture from the perspective of a lawyer- but just thinking rationally, and like Johnny mentions multiple times- these people have an absolute advantage vs the average citizen. They are on committees or groups that meet behind closed doors regarding companies that they can then either invest/divest in- if not their spouses. They absolutely do have access to insider info. Absolutely.
This isn't new news, but definitely well reported and informed. It's both sides of the aisles, they all get to benefit at the expense of the public. Disgusting abuse of power, that's unfortunately becoming more and more common these days.
Democracy has been on a downward trend recently. Francis Fukuyama proclaimed the end of history in 92. The naive believed him and the rest took that as an invitation to stop playing by the rules. The fallout was the Patriot Act, the war on terror, us making China richer through trade but forgetting about telling them to give civil liberties back to their citizens, the increasing power of people who don't see themselves aligned with any nation like Klaus Schwab and an Erosion of trust in our institutions. We desperately need to do something to reverse that trend.
@@Ninjaeule97 not to mention both sides wanting each of their respective supporters to hate each other so they can both get more power, we are all being played here no matter who we are. This happens with radical feminism hating all men and thus men hating all women for that, it’s all a game from the people at the top wanting to divide and control. We have so many issues in this country and the world in general that everyone is too lazy or polarized to think or try to fix, we just brush it off for the next generations.
@@Azurethewolf168 yeah. I fear a civil war in the US is a possibility. Some politicians are calling for a national divorce even though that would never work. Kraut (former Kraut & Tea) recently did a video about neutrality in Europe after 2022. In it, he mentioned how Yugoslavia collapsed (high military spending, lots of debt, high polarization) and I could only think of the US. Why is nobody doing something about that. I try to fight polarization, whenever I can. Climate change, covid, and now the war in Ukraine. Can't we get a break from all these crisis?
@@Ninjaeule97 it’s not the crisis itself, it’s the way the media and politicians basically use it to polarize their followers even more and demonize the other party. If we all were united in fighting against these issues we may have already had a lot of progress on fixing them yet the situation today is basically no change besides promises. It’s very likely that a recession will occur again (which benefits the rich since more people out of work and without a lot of money means more less competition in stocks and other interests), it’s going to be grim during that time but with all recessions comes a golden age after. WW2 was one of the worst eras in history to live in yet the decade after had people basically able to afford a ton of stuff that nowadays only the rich can afford
@@sullenfpsIt isn’t about the quantity, but the quality. If we don’t have the power even if we band together, taking them down would be difficult or near impossible. But who knows, maybe it might work. For now, we just have to watch all of this go down until somebody comes along.
The FBI simply CANNOT go after these people, because: 1) if ONE of these scumbags actually faces prosecution, then the people (especially their political opposition) who demand the “other side’s politicians” also be prosecuted for the same thing, and it would never end 2) If the FBI leaned HARD on them to get them to be a state’s witness, they’d be able to spill the beans on a LOT of others, and explaining detail exactly how it works and who told them what, how, etc... There’s other reasons too that I could think of if I put thought into it, and MANY OTHER reasons that all of you reading this could think of that wouldn’t even don on me.
I love how Johnny and his team do their homework based on publicly available documents and show us the proof while saying this in a very nice lovely story. I love your videos guys, keep them coming! :)
There is a super easy way to solve most of this. Only total US stock market etf purchases are allowed and while in office you cannot sell that fund. Immediate family members or people domiciled in the residents of a politician have freedom to trade(buy/sell) any etf (no individual holdings), but they must disclose their trades quarterly. Is this perfect, no. You can theoretically keep moving further away from the politician and still insider trade, but it becomes much more difficult for the politician to claim ignorance/luck. The problem becomes how do you punish this behavior...
I work as an IT cyber security architect for the largest stock broker in the US. Me and my immediate family have to have our brokerage accounts at my company only and they do background checks of that to check up to twice a year. Anything my parents have, I have to report as well. This is so my company can secure from insider trading. I don't work I'm stocks and don't get any info, but since I'm there I could over hear. Some items I was involved in was some of these major tech companies going IPO because I was working on tech for the relationship and so ive signed plenty of NDA with knowledge of IPO coming down before others knew, but also I am forbid from buying into any IPO too, regardless if my co is involved. 5here is so many rules and regulations for us peasants. But congress gets a pat on the back and a "good job" for doing obvious insider trading. Because my wife's finances and brokerage accounts are watched, she can't make a trade on something I know and I just saw "that's my wife's account, I can't do anything" that's total bs. I'd be in jail.
The problem isn't that the lawmakers are making stock decisions based on their congressional work, the problem is they are making congressional decisions based on their stock portfolios!
The irony of this is that Air Traffic Controllers and their spouses are forbidden by federal law from owning or trading in any airline or aircraft manufacturer stock. It’s been that way for decades and it’s no reason Congress shouldn’t be forced into a blind trust.
@@MyVanir Apologies MyVanir. I may have been in a state of extreme inebriation on that Friday night; sitting on the underground scrolling through my phone meaninglessly commenting whatever my drunk mind conjured up. I will rephrase now. I think we would find it extremely difficult to convince congress on the matter of passing a vote against their own interests. This is because they stand to lose a lot of money by passing a bill that restricts the ability for them to trade in stocks and shares while holding a position of power such as a seat in congress or senate. It is unfortunately a catch 42 and very unlikely to happen unless the common man puts an extreme amount of pressure on them to do so but the vast majority of citizens are not even aware of the issue in the slightest let alone how it is throughly corrupt and poses a significant threat to our democracy when individuals financial interest are put ahead of the interests of out nation. It was nice to make your correspondance and I looking forward to hearing back from you.
@@impyrobotThere’s a Convention of States (thanks to Article V of the Constitution) in the works to happen. Its proponents have put term limits, fiscal responsibility, and reduced powers from the federal level among other things to the agenda. It might be a good idea to propose a motion about trading while elected.
It amazes me just how many people invest themselves whole heartedly into idolising politicians, hanging on every word and defending them while ignoring the fact they are urinating down their backs proclaiming it’s raining.
Used to watch this channel thinking "Johnny's good, but clearly politically aligned so I'll take it with a pinch of salt". I now watch this channel thinking 'I don't think I've seen such a good middle ground in journalism, since ever. This channel is clearly not prejudiced by politics or media and everything is thoroughly researched and honestly presented." Kudos t the entire JH team on not just the quality, but the honesty of what you produce. This is real news.
Yeah, honestly he calls a spade a spade. I don't care what political affiliation you are, if you're corrupt you're corrupt. We gotta stop with the political tribalism.
@@user-ck3bo8wd4p Republicans are corrupt at a higher rate than dems tho to be fair. Even this unbiased report showed more Republicans insider trading than democrats
how you expect him to "be safe" if he keeps it going? Pick one or the other. Don't mean to dig at you arbitrarily but the empty words "be safe" sentiment that people throw out is kind of a pet peeve.
or, you could befriend them, and watch their investment closely without any tips from them. Instant 12% investment return, you might as well become the next generation of warren buffet
I'm surprised to see Johnny covering corruption that isn't at least 40 years in the past, but I'm here for it. It's a pretty important subject in terms of what voters need to know and aren't going to learn from within _either_ major political silo.
I remember losing my ass in the stock market in 2020, it really pisses me off to see these crooks getting fat rich. I honestly believe it's the whole reason they go into politics. I doubt there's even one politician in Washington who hasn't done this. Why wouldn't they? There's no one pursuing them, and all they have to do is deny it or get their spouse to do it.
@@danoalex2977a good amount of politicians had money before. Trump got even richer when he left. Kids got in on the action too not mention his son in law
There is concrete evidence Joe and hunter have made 10s of millions influence peddling, if hunter had any education in business it would be somewhat legitimate.The government is massively corrupt on both sides, much more so on the left.Nancy is worth over a hundred mill in a 250 k salary, don be naive or stupid to basic facts a kindergartner could figure out
I didn't see *Bernie Sanders* on the list of Congress' top investors, how come? Oh right, that's because he doesn't do any of this He doesn't _directly_ own stocks, and although he has disclosed having multiple retirement accounts that are backed by stocks and bonds, he can't influence them or trade them like all the people listed in this video.
All civil servants should be forced to invest all their capital in index stocks that are then sold when their term ends. If they do a good job and the general economy does well, they do well, if not they dont. Fair and a good way to not profit from things going bad.
This is scary. Rich people pay politicians to make sure they get access to taxpayer funds first when banks shutter or they're in jeopardy of losing all their money. I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent above the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard. It's a con.
Crazy how if regular people did this they'd go to jail for it and be fined millions. My last job set up all the stocks and whatnot for us, let us choose some of our own. That was the first thing they let us know we absolutely could never do...inside trading
Thanks for bringing attention to this. When the market is being manipulated, most everyone else loses a little more money than they would have otherwise.
@@MF_JEWM this was actually a very insightful video for everyone who is not american or not deeply into american politics but would like to know more about it. I wouldn’t say this broke reality, but it sure was informative and taught me things I personally didn’t know about the american political system. Therefore, a great video
One of my friends who used to work in investment banking was heavily restricted in terms of what he could trade and how. He had to declare all of his trades a month in advance, and it couldn't be in any company that his firm was directly engaged with. I feel this is a good balance since it still allowed him to participate in the market, but ensured that he couldn't DIRECTLY profit from insider trading. Of course, he could always have told family and friends, but I don't think any law can stop that...
In my country of Denmark there are laws that you have to disclose if you are close to someone who could give you insider information before you can trade stocks. I'm not sure if there are laws that prohibit it for relevant stocks but in any case it wouldn't hurt to have the laws on the books in case they are needed. I also think for politicians they shouldn't be able to trade a stock a month before they make a political decision that would affect that stock, not just declare it in advance.
The only reason this kinda stuff keeps happening is because most ppl vote based on a 20 sec clip they saw on the news. Nobody researches, and those who do are vastly outnumbered. ITs the downside to a democracy.
This also raises another concern. What if people in congress simply voted for things that were good for their portfolio. How do you trust that congress is voting for the peoples interests and not voting in ways that increase their own wealth.
Honestly cannot believe this was a thing! In Australia, politicians and even public servants must declare any gifts they given with a retail price over $10.
Yeah so they are required to share their trading information so Johnny can do the video on it, but they are not required to stop doing this essentially illegal trading
Damn im from the UK so we have our own bastards besides the stock market our personal favourite is “speaking fees” how can one be a millionaire from speaking fees. Btw john barilaro is a corrupt bastard🤣hes reminds me of British politicians the way hes so open about pork barrelling
Don't forget McConnell/Chao during the "shipping crisis". RegeneRon's buddy and the covid drug. Feinstein went hard too, looks like karma caught that one.
We need a 3rd party in the US. As long as Rs and Ds keep patting each other on the back for their stock theft, we will never see any real resolution to any domestic issue.
How is that going to help anyone? Plus America is a first past the vote system anyway. So good luck voting them in. Oh yeah and the Greens and Libertarian party art fucking nuts
3rd party won’t change it. You won’t be allowed on tv unless your corrupt!!!! This needs all its citizens to raise up but we know that won’t happen !!!! So gravy train continues.
Johnny, I would just like to tell you that I like videos which are revealatory, analytical and questioning the people in power. You and other journalists like you make them accountable which keeps them in check and in turn it keeps the system in check. So thank you. Keep doing it.
Check out the soundtrack for this video & be sure to subscribe to The Music Room for more soundtracks: th-cam.com/video/5EazUhVpOSk/w-d-xo.html
After videos like these the government seems to always create "accidents"
FBI is smart. Sounds like they have felonies hanging over many many politicians. Vote this way or explain how you made $20 million last year Mr. senator.
*Why is politicians in USA so DAMN RICH?!
Johnny be careful they will kill you 😢
Jhonny can you make video on politicians making money in India .
I work as a corporate trainer at a law firm. I do not handle any client documents. And I am still *completely barred* from any stock trading without going through a byzantine approval process, and that goes for my spouse, too.
If I, a private citizen, cannot trade stock because I happen to work at a law firm, there is no way congresspeople or their families should be able to play the stock market like this.
I don’t see the issue. Ban them from trading all stocks but allow them to put money in index funds. All with limits on when and how to sell and buy.
You couldn't be more right
Why are you barred? Is this a company policy or from higher up? Genuinely curious
@@Jarxia Yep it is usually the company's policy and is also regulated by higher up
@@hassetjifrebro8222 who will ban them? themselves?
"the only people who can profit from the system are the people running the system." This quote becomes more real and true day by day.
ok
The systems benefactors also profit. After all, who owns the politicians? Oligarchs, corporate masters and special interest groups who influence voters.
both parties are responsible to what the country is heading towards what its going right now, the 3rd party really needs to be done
My grandpa said he lost his money during 9/11 in stocks
@@JK-or3nu terrible portfolio
I used to work for a bank and currently for a trading company. In both cases, I had no insider information, but I still had to follow policies stating that if I wanted to buy or sell stock, I had to lodge a request to do so and be granted access. I also had to hold onto anything I bought for at least 30 days.
I don't know why this isn't the bare minimum expected of politicians and their families.
Because said politicians would have to vote in favour for it to happen.
@@DiakosDelvinThere should be an actual commity of the people to regulate members of the government. They should be able to enforce new laws for the higher ups, and essential make sure there is a balance of power
@@asrp4284 And a commitee of people to oversee the committee that oversee the electorate?
@@asrp4284they’re still people. Soooo. Corrupt
@@asrp4284 "We the people" should have a way we can implement laws that govern those individuals we elect to represent us. Currently, we have a system where those we elect tell us what we can and can not do through legislation and then exempt themselves from such legislation.
When I retired from the US Army friends talked me into running for elected office. I did and was elected twice, as a Republican. In 8 years I got an eye full of politics. I helped on several campaigns for state senator, state representative, and congressman. Having been a commissioned officer, I could not put up with the lack of honor, honesty, or truthfulness. I saw it at all levels in both parties, so after 8 years I declined to run again and I walked away. I am now a farmer in rural southern Ohio. My wife and I are now happy.
Did you do anything good of note while in office?
I want to start a defense company any advice ?
Ohio is the center of peace and prosperity
We need people like you to speak up. We need to stop this
Your country needs honest politicians out to do real good for the us citizens now more than ever
Having said that, you most likely made the smart choice
Can we please ban congress members from trading and give them term limits 🙏
But, even if you got the inside information, you still have to put money at risk, and there is no guarantee the market will respond. I have seen stocks with blow out earnings and news, and still dump. I think that is why insider trading is hard to prove. What if the information is worthless to a market that already pumped or dumped the stock? Show us proof insider trading even works.
Who can do that. Ohh that's themself.
In a democracy you can of course…
@@justicewatch4602 Are you dense? Insider trading is knowing BEFORE everyone else INSIDER information. How is the market going to react to something it doesn't know? Also if it doesn't work what is the problem with banning it?
@@jakemcgowan7928 I agree with you, but there is no guarantee the market will react, hence we don't have a lot of concrete studies on it. How much of a drawdown could you afford going short on inside info, if the market lags, or the market just experience a huge drop? We caught Martha Stewart. But how many others?
i paid into my 401k for 12 years, double payments, 2008, i lost all of my retirement savings, job, and house. so glad politicians were smart enough to save themselves and then bailout the millionaires they shorted with tax payers money. almost 15 years to be debt free and not homeless anymore. thanks government
Sounds to be like you were not diversified, over bought on your home, and relied on someone else to manage your money. I feel bad for someone with a medical issue that causes this, not a lazy npc.
@@camtwan1we got a government official over here. Did you get bailed out too?
@@camtwan1you’re talking with a lot of authority for someone that only has one comment to base someone’s financial situation from 15 years ago on. How’s the boot taste
ha,ha. it was the God damned politicians ( a republican president no less) that conned the american people into 401k to begin with. do you not think they had a plan to steal more of yours and mine money all along? they also borrowed money from social security funds they will never pay back.
@@camtwan1sounds like something a politician would say or just some spoiled brat that has mommy and daddy money.
Johnny investigates finance better than financial journalists and Finfluencers.
Waah bhaiya ji 😀😀 aap yaha
It do be like dat
Would love a Coffeezilla Johnny Harris collab
what is a finfluencer?
😎
If I work as a researcher, It's nearly always in my contract that I'm not allowed to go patenting ideas in my own name because I obviously used ideas I came up with or worked on at my job. It should be in your contract as a government employee with access to non-public information that you can't hold stocks at all. When you're in congress you're getting paid enough to live comfortably forever. You should be focused on creating a country you want to retire in, not building yourself an escape hatch so you won't have to live with the repercussions of your choices.
Beautifully put. With all of our governing class building escape plans, it seems like they're foreseeing a self-fulfilling doom prophecy for our nation's economy, and with global implications.
Couldn't agree more, great comment.
Of it doesn't benefit me why would I run for office??
Devil's Advocate.
@@chrishagreen3988 You shouldn't, public office should be for those who want to help others, not themselves.
Let’s collaborate I want to start a defense company. I got turned down by Anduril industries now I wanna start my own defense company with my ideas.
I will never not be bitter that, as an external auditor, I had more stock buying restrictions than members of congress. My immediate family was subject to these tighter laws than CONGRESS.
😡
Rules for thee but not for me
CPA life
Same, I work as an accountant for a public company and we're constantly given rules about selling stock.
@rustytr we can fight for better laws AND vote for the corrupt ppl that don't want to strip human rights away from minorities. It's not that hard to do both. Giving up on electoral politics completely is what the fascists want us to do but nice try.
@rustytr?? Tf does that have to do with anything
I wish for the day that congress is held accountable for their decades of insider trading.
That can be today if we stop quibbling over inconsequential crap, band together and apply democracy the way it was intended.
@@spicedreamer818 it requires a complete cleanout in all of politics. Which means, no trump, no biden, no none of those who are there today. none of them should be in politics and instead be replaced with actual people who have lived actual lifes in society.
Drain the swamp. Oh wait, we tried that.
Sadly, that day will never come. The best we can hope for will be the day it will just be stopped from continuing. Rest assured though, these people will NOT be held accountable.
Don't hate the player. Hate the game 😀
I can’t believe such an obvious public display of corruption is still allowed in this country.
They make the rules so… lawmakers. It is absurd.
and key terms in that statement, "obvious public display of corruption," imagine all the Non obvious corruption occurring in private! SMH
The corruption in US govt is as bad or worse than corruption in "3rd world" countries. Only difference, America have instituted laws to legalize corruption to make themselves look squeaky clean. Classic example - lobbying (another name for bribes).
I can when it's the people who decide what is allowed are the ones doing it
i still cant believe lobbyist actually can influence election, thats not democracy
The corruption in American politics is just sickening. Especially when you see how they are so quick to call out and condemn other countries leaders for corruption when they are no better. Only better at disguising it .
In other countries it's called corruption but in the US it is called "lobbying"
@@UserHandle454 this literally isn't a case of lobbying. Also, technically that is legal. But this in the video, is called "insider trading" and it is not legal.
Also to the original comment, say exactly what country you are talking about and who we call corrupt and are just as bad as. I'd love to know.
Alll countrys have bad leaders
Congress has a great talent when it comes to making people disappointed
That seems to be a quite important part of what politicians are doing.
a universal problem sir
Ok heisenberg
@Zaydan Alfariz they are no diffrent that the goverment of indonesia and malaysia, the us called corruption lobbying
Stay out of my territory.
If you can be restricted from selling stocks based on the company you work for, surely all of congress should be incapable of trading stocks both personally and through their families.
When a breakage of a social construct by OUR CHOSEN LEADERS is a monetary fine... The ones above the law are those who can pay the fee.
@@abramrexjoaquin7513 Yep. They call it the cost of doing business and move on. Murdoch's recent payout of 780 million dollars is a prime example. That was a fraction of what he made from the lies he had his media networks spread.
Corruption on both sides of the aisle refuse to pass the laws we need to make their trading illegal and we really need to do it for their family too.
An issue with that is you can’t really restrict the family as they never were in contract with you
@@UKindness4 Yeah, absolutely. This isn't a partisan issue at all, as we can see by the list. it's fifty fifty, and both side need to own up. However, getting them to agree to curtail their own profiteering seems to be next to impossible.
So disgusting how evil and corrupt so many things are while millions are struggling to get by every day
BiDeNoMiCs 🥴🥴
Not just Biden, it's both sides.@@sebastianorozco1114
hope you stay true to your sentiment and leave both political parties. vote third party
@@sebastianorozco1114bidenomics my ass, this has been happening for decades and people have been talking about this issue then the 2008 recesssion
@@Immadeus they probably wont care less....
I'm going to save you a full 29.30 seconds.
Question: Why are politicians so rich?
Answer: They're corrupt.
Well said
Politicians: "We investigated ourselves for insider trading and we found out that we have done no wrongdoing"
Crazy how they never find anything… I wonder what the investigation looks like 😅
“The system is working as intended”
“We’ve tried nothing and we’re all out of ideas.”
@@AInfusedNetwork
Investigators: "Have you been cheating the system"?
The politician investigated: "No"
Investigators: "Alright then, case closed"
That's how I imagine anyway.😡
reminds me of the NYT article published in ‘97 titled “C.I.A. Says It Has Found No Link Between Itself and Crack Trade” 😂
I’m a financial advisor and this topic has been my biggest issue with our political system forever. It drives me insane on the daily.
Nbd but i feel like you prob have more insight than your average Joe on how to help stop it. Am i wrong?
The world is rigged
For the people by the people
Not a financial advise.
🔖The funny thing is the politicians' favorite excuse is *"It's a free market".* Well it's not a free market if you're cheating ordinary investors by having an advantage, it's a rigged market. It's like playing a basketball game where one team has a 24-second shot clock and the other has a 5-second shot clock. Check and Balance is one of the pillars of democracy, and it's crazy that this is allowed in the strongest democracy in the world.
Can we all just take a minute to appreciate how Johnny exposes these politicians while at the same time, perfectly treads a fine line to avoid opening himself up to litigation.
Masterful.
Speaking of litigation; I hope you (Harris) get on the F.B.I.'s case about sending you so much redacted and unreadable information. Let a judge decide if a reasonable person could perceive the information they sent you. This is about keeping our government accountable, bottom line.
ok
@@williamyoung9401 You know, you can get on the FBI's and court's cases too by helping groups that have been fighting governmental insider trading for a long time.
This is like those news articles that says "ALLEGED armed robber robs local 7-11 at gunpoint" while showing a video of exactly that happening
When I started at one of the Fortune 100 companies, they handed me a list of nearly 2000 publicly traded companies in the US and Europe. I wasn’t allowed to trade stocks of these companies due to potential insider information. I also had to watch a 2-hour video and take a test on insider trading. At that time, I had some stocks on Robinhood. I was quite nervous, so I ended up selling those stocks and closing my account. Now, I’m observing lawmakers making millions through insider trading, and it seems like no one can actually prove it. What a joke!
Pelosi admits it and said that's the reason she wouldn't outlaw insider trading.
No you were right to do so. They would go after you because you are not a member of the priviledged class.
They would have caught you. You did the right thing. It's really corrupt honestly
The solution is to make the information public.
Pelosi and the other corrupt officials call it a free market economy when they have privileged information not shared with the public. These people can't stay in office and voters need to hold them accountable!
In the world of fake news and lies, the kind of quality documentaries Johnny provides us with is a real blessing. Thank you
I glad he's bringing more attention to this for the laymen but he's literally just quoting prior stories from major news outlets the whole time.
Just don't forget Harris does sponsored vids for the WEF. Remember that when he says it doesn't matter who the redacted names are. The redacted names are paying his bills.
@@DanDSays Spot on, 👍 Anyone that has anything to do with the W E F should not be trusted.
I went to Greenland recently. I'm really proud of the piece we made! th-cam.com/video/d0rZDL4lL-4/w-d-xo.html
oh wait until you study the MMTLP case ....
It was your best video definitely! loved it.
@خالد because he loves genocide
I love your research so much. The video is not just informative but creates suspense and thriller as well. Can you please make a video on an organization called Sanatan Sanstha in India. I was curious about that and would love to hear about it only from your videos. ✌🏻☺️
Great vid. Bro the audio is messed up. The mixing is bad..
"A politician who is poor is a poor politician" (Carlos Hank González ~ 1927-2001)
The fact that we get free videos from Johnny Harris on TH-cam is priceless.
keeping the education and knowledge alive 🙏🙏🙏
True.
ok
If this is news to you, you need to wake up.
This blanket statement appears everywhere. Is there even a human behind this account?
You are paying with attention, that's currency, you watching the entire video YT pays Johnny that's how you and me pay for his great videos
“Show me a man that gets rich by being a politician, and I’ll show you a crook.” - Harry S. Truman
Truman, pretty much the first normal person that became president
But, even if you got the inside information, you still have to put money at risk, and there is no guarantee the market will respond. I have seen stocks with blow out earnings and news, and still dump. I think that is why insider trading is hard to prove. What if the information is worthless to a market that already pumped or dumped the stock? Show us proof insider trading even works.
It's concerning how broken the system is.
@@walli6388 *the last
@Walli He allowed the atomic bombs to be dropped when everyone knew Japan would surrender when
A. The Soviet Union joined the war
B. The Americans offered Japan terms of surrender which included the safety of the emperor.
100,000’s of innocents are on Truman’s hands.
Well... it was nice knowing Johnny. He was taken from us too soon. 😢
The worst part of this is, that it is a possibility.
Hope he doesnt get "suicided"
F for Johnny Harrys
Johnny will be disappeared on definitely legit charges
Johnny decides to suicide and by amazing coincidence all security cameras in the vicinity breaks down at the exact same time
THANK YOU! Thank you for putting this in a unbiased and balanced light. Your straight forward, honest assessment of the corruption of our congress is a breath of fresh air!
The US is a plutocracy masquerading as a democracy.
Oligarchy, to be precise!
@@Molikai Oligarchy is the rule by a privileged minority whereas plutocracy is the rule by a wealthy minority. Hence, plutocracy is a form of oligarchy, but plutocracy distinguishes the particular ruling minority by their great income or wealth.
More like an oligarchy with Congress, as a collective, being the most powerful player, then the elected and appointed officials, then the rich and powerful private corporations, interest groups, & lobbies.
@@Molikai Exactly.
@@mikotagayuna8494 There are Congresspersons, Supreme Court Justices, Presidents/Governors, Cabinet Secretaries, and so on -- who are NOT wealthy also have tremendous amounts of power over domestic & foreign policy. In America, you don't have to be rich to rule the country/world, it helps, but power is all that is needed. Money isn't the only form of power.
the levels of corruption are honestly mind blowing
To say the least!
#Justice4TARGETEDINDIVIDUALS
no wonder usa is going from bad to worse...those people in politics are all disgraceful corrupts
You misspelled silence 🤭
This is why politicians shall not be in office for more then two terms . People needs to vote out all of these crooks.
VOTE FOR TRUMP LEGEND ❤
@@jonkadler8333voting for the crook of all crooks is not gonna solve anything
@ElPolloDiabloCH that's because most people are stupid and don't understand how cruel the politics and military security complex are . And not only them. Basically is all about the money in politics .in US is called lobbying
@@ElPolloDiabloCHyes but hehas his own money so at least corporations will have a hard time controlling him. Unlike the rest of them?
@@x6da9crain Dude, he's even more corrupt than all the other politicians. Add his fathomless stupidity and a fragile ego and you have the perfect recipe for disaster.
I’m 22 years old idk if you’ll ever see this but thank you SO MUCH Johnny . Real journalism, aw inspiring , knowledge is power. THANK YOU SO MUCH you and your whole team for existing and working so hard to spread light in the darkest corners of history and events today.💙🌎
I'm glad you honestly listed the politicians regardless of their political party. It's nice to see unbiased info
Definitely unlike Harry
both parties are the same. vote third party
Except for the ordering
@@publiconions6313 Voting third party doesn't even really work in the US
Vox did a video on it
Thank you for keeping on investigating corruption all over the world. The quality of the channel has gone up loads during the last year.
Keep it up team!
It's not just CEOs and those they tip, who are restricted in their trades.
I worked at Amazon for five years. All of the software developers, and several other kinds of employees, had restricted trade windows. We couldn't trade Amazon stock within a month either side of the quarterly earnings report. Basically there were four months scattered through the year that we could trade, the rest of the time we had to be hands off. The information we could get by looking at daily sales graphs was considered too valuable.
Free market my ass huh
The graph at 00:26 describes shorting wrong. To short, he borrows the stock (paying a recurrent fixed fee, at a fraction of its cost) and he immediately sells it at what he believes (or knows) is the high point (not "buys"), that's where the short begins, essentially paying just the monthly/ weekly/ whatever fee while it lasts. When the market is low enough, he buys it back (not "sells") at a much lower price, gives it back to whoever he borrowed it from, stopping the fees, and he pockets the difference between the selling and buying back point.
I thought I was the only one who noticed that slide looks nothing but unprofitable 😅
@@Alessandra-ii9dx Right? 🤣
Warrent Buffet: I am the greatest investor.
US Congressmen: Hold my insider trading.
Until Nancy "I never lose" Pelosi came on the scene. Her portfolio is up like 30,000x since being elected lmao
😉😄
It's hilarious that they made a law against insider trading and all 70 congressmen who were investigated got off free. Rich people and politicians don't go to jail.
Thank you. About time someone made a video about the corruption of American politicians.
Mhmm. I think if we dressed every elected official up like NASCAR we'd know exactly which corporations/billionaires have paid off which people. That way there's a level of transparency for the voters so they can't just keep lying to our faces about who's interests are actually being represented
As if that isn't a daily occurrence 😂
@@Thenoobestgirl Videos about the corruption of American politicians isn't a daily occurrence, hence Rezhan's comment.
📌The funny thing is the politicians' favorite excuse is *"It's a free market".* Well it's not a free market if you're cheating ordinary investors by having an advantage, it's a rigged market. It's like playing a basketball game where one team has a 24-second shot clock and the other has a 5-second shot clock. Check and Balance is one of the pillars of democracy, and it's crazy that this is allowed in the strongest democracy in the world.
its not allowed its illegal
Maybe it’s not the strongest democracy then…😬🤫
Voting gives Americans false hope for change. Its the strongest in that sense. Elites can profit at the expense of the masses, while giving the illusion of hope for everyone else.
It’s a constitutional republic NOT a democracy. We need to ban trading and introduce term limits. Also if you go over budget you’ll be ousted from the government. Now for my own personal opinions. This country dearly needs education funding and much less military and sports arena funding. Education is a key point of society and without that a country will fall fast. Look at the most violent places. Bad education. Look at the poorest places. Bad education. Look at the least developed. Bad education. Look at the least healthy. Bad education. You get the point.
*Alleged Strongest Democratic Republic in the World...
I work as a butcher in denmark, its a nice job, 3*12 hrs a week, a standard worker class income. Our parlament politicians, make roughly 2,5 times my salary. That's insane, some people are even claiming they get paid to much.
Americans have this, you dont tell me what to do attitude, so when the people say please manage the country properly the politicans just go; "dont tell ME what to do"
Incredibly glad you covered this. I may be out of step with the majority of people here, but I truly believe our government is so unbelievebly corrupt it can't be saved. But a stock ban and term limits for elected officials would do wonders and would actually give me some home we can fix this sinking ship.
*hope
Cant fix shit if the unelected people running shit behind the scenes don’t get put out, also the destruction of central banks in my opinion
they would just start offshore company in Panama
Why would they ever change the rules? They are already corrupt and they love the status quo.
Not corrupt if they legalized it
And then they can criticize other countries of corruption while saying they are the cleanest people on this world as it is not corruption in US.
They feel so unaccountable for their action, no matter how evidently illegal they are, they don't even bother to use a family member or a friend to make the transaction and get a cut out of it.
The laws just don't apply to them, period.
You said "illegal," but you meant "wrong."
Why is it such a surprise that the people who make the laws are allowed to do whatever they want?
None of the actions are illegal. With reading comprehension levels as poor as yours, it's no wonder why they're able to legally get away with things.
@@reez1728 Yes there are, but political parties can't go after them selves.
@@gonzayare No they're not. Because their exact actions have not been deemed illegal by a lawmaking body, otherwise, they would've been in jail.
Learn to read.
Legal/Illegal vs Moral/Immoral.
I can not thank you more for being a real journalist, who prioritize truthfulness. Your channel motivates me a lot man :)
Call it like it is, these people only care for themselves. These people are disgusting and they should be more than ashamed of themselves. The selfishness of the people running our country is beyond me and I really cannot believe that people continue to vote them in.
The amount of effort taken to create each of the videos is breathtaking
It can't be that hard. I have seen single man channels do way better.
@@caam0000 But how many have you seen perform so extraordinarily in a field like journalism
@@defaultguy0 that made me laugh Johnny's work is okay at best. usually a lot of information is missing or he comes to very wrong conclusions. and in his attempt to appear neutral he neglects to mention that the GOP is 10x more likely to partake in corruption and earns about 100x more money doing so.
none of what he Johnny says or writes should be taken seriously and you need to do your own research to verify that things are true especially in the context he presents his facts in
These types of comments are so annoying. Oh, did you like the video? So did lots of other people!! You don't have to make some generic comment to say the exact same thing as everyone else. I want to see actual comments, not this crap.
@@lIIest Well, at least I am in no position to criticize his work
In times of great polarization in the United States, it’s great to see how bipartisan our elected leaders corrupt practices can truly be. Great video.
Republicans and democrats are equally as corrupt and horrible as each other. Love that America agrees on something
But, even if you got the inside information, you still have to put money at risk, and there is no guarantee the market will respond. I have seen stocks with blow out earnings and news, and still dump. I think that is why insider trading is hard to prove. What if the information is worthless to a market that already pumped or dumped the stock? Show us proof insider trading even works.
@@justicewatch4602 Yes, but the ethics are also about the appearance of impropriety. Congress could gain some goodwill back by restricting their investments to only broadly diversified mutual funds and ETF's much like any other federal employee.
@@stephenmccalley8346 @4DCResinSmoker I think it would have been better if they let us see their trades in real time, not just ban them, cause they still got their brother in law to take the trades for them. Or funnel a news letter that just happens to be 90% accurate. We jump to conclusions way too fast. The more activity we get to see the more likely crooks won't run for office.
@@justicewatch4602 Bro we get it. You don’t have to reply to every comment with the same script.
“Power is a lot like real estate. It's all about location, location, location. The closer you are to the source, the higher your property value." Frank Underwood
Sums this up quite well
Fortunately we can get there by proxy with newsletters. You can get very good newsletters from experts in a variety of industries who know the movers and shakers and this info is for hundreds or the low thousands per year and is worth every penny, and are publicly available for subscription. Anyone going about their investing all on their own is nuts. Spend the money.
If income taxes are "necessary", how did the country survive until 1913 when the 16th amendment was ratified, beginning the very first income tax?
it's almost funny how hard Johnny is trying to avoid a defamation lawsuit in this video
Public people have almost no chance of winning a defamation suit against a journalist. The first amendment and many court rulings fall on the side of journalists.
@@Bas20hz Yeah, suing for something like this would be terrible PR for them and they wouldn't win. Not a good idea.
Johnny isn’t trying to avoid a “defamation lawsuit” like what? It just wouldn’t be a good look for him to dogpile on the senators because he himself is worth millions of dollars, treading the line between us and the senators
What is it with rich people, who have more money than they will ever need, or their children will ever need, but still constantly try to grasp for more of it? It's like some kind of brain disease that takes over when you pass a certain net worth. It feels more malevolent than just greed.
It is. It seems to be fear. Fear drive is evil. How to overcome it…
Have you ever had money then loose it. Fucking sucks
It's called the human condition. It's our human nature. It's just how it is.
@@tootaashraf1 no, it's not human nature, human nature is to only take what you need so you know there will be enough to take again the year after. Human nature is to balance things. When you keep taking, that's a disease. a mental illness.
There is a lot of crap in the US democracy like we have in India but what is unique with US is people like you are aware of the issues and can share such information and still be free to walk around 🙂
Edward Snowden has left the chat.
@@kaseywahlMy man didn’t just leave the chat he left the whole country
America is a republic, hence their iron grip on us
same i used to live in india before i moved to america a decade ago. the main difference is everyone in india is corrupt but they don’t leave a paper trail😭 americans have well documented records of their scandals & unethical transactions YET no one is doing anything
@@kayalvizhi7611 We can’t do anything.
The institutions we put in place to stop these amoral practices have also become hopelessly corrupt and partisan.
The law protects them from vigilante Justice.
They operate in this gray area just a tick on to the correct side of the wide, very blurred line between legal and illegal. They have just enough insight to not fully go illegal because of obvious reasons, so they ratchet back just a tad.
This entire video of Johnny's would be seen as pure conjecture from the perspective of a lawyer- but just thinking rationally, and like Johnny mentions multiple times- these people have an absolute advantage vs the average citizen. They are on committees or groups that meet behind closed doors regarding companies that they can then either invest/divest in- if not their spouses. They absolutely do have access to insider info. Absolutely.
One word; corruption.
Yup. America claimes to be really great at avoiding corruption. Yet there is tons of lobbying and this stuff going on with politicians.
@@lucatitoq4781hold on . In US is called lobbying not corruption....haha
@@user-nu1sq2fz8s tell me about it! Lobbying is such bs and should be illegal
@@lucatitoq4781 yes Look what Boeing did
This isn't new news, but definitely well reported and informed. It's both sides of the aisles, they all get to benefit at the expense of the public. Disgusting abuse of power, that's unfortunately becoming more and more common these days.
Democracy has been on a downward trend recently. Francis Fukuyama proclaimed the end of history in 92. The naive believed him and the rest took that as an invitation to stop playing by the rules. The fallout was the Patriot Act, the war on terror, us making China richer through trade but forgetting about telling them to give civil liberties back to their citizens, the increasing power of people who don't see themselves aligned with any nation like Klaus Schwab and an Erosion of trust in our institutions. We desperately need to do something to reverse that trend.
The nastiest abuses of power are the bipartisan ones (ie: Gerrymandering; Title 42 Expulsions & Xenophobia; the Military-Industrial Complex)
@@Ninjaeule97 not to mention both sides wanting each of their respective supporters to hate each other so they can both get more power, we are all being played here no matter who we are. This happens with radical feminism hating all men and thus men hating all women for that, it’s all a game from the people at the top wanting to divide and control. We have so many issues in this country and the world in general that everyone is too lazy or polarized to think or try to fix, we just brush it off for the next generations.
@@Azurethewolf168 yeah. I fear a civil war in the US is a possibility. Some politicians are calling for a national divorce even though that would never work. Kraut (former Kraut & Tea) recently did a video about neutrality in Europe after 2022. In it, he mentioned how Yugoslavia collapsed (high military spending, lots of debt, high polarization) and I could only think of the US. Why is nobody doing something about that. I try to fight polarization, whenever I can. Climate change, covid, and now the war in Ukraine. Can't we get a break from all these crisis?
@@Ninjaeule97 it’s not the crisis itself, it’s the way the media and politicians basically use it to polarize their followers even more and demonize the other party. If we all were united in fighting against these issues we may have already had a lot of progress on fixing them yet the situation today is basically no change besides promises. It’s very likely that a recession will occur again (which benefits the rich since more people out of work and without a lot of money means more less competition in stocks and other interests), it’s going to be grim during that time but with all recessions comes a golden age after. WW2 was one of the worst eras in history to live in yet the decade after had people basically able to afford a ton of stuff that nowadays only the rich can afford
And this is why my pessimistic side thinks that there is nothing any of us can truly do to prevent any of the bs going on in law maker world.
how funny… when there’s only a few of them and so many of us
absolutely
sure we can, but orchastrating it might be dificult without being target as a terror organization.
Except strip them of their power.
@@sullenfpsIt isn’t about the quantity, but the quality. If we don’t have the power even if we band together, taking them down would be difficult or near impossible. But who knows, maybe it might work. For now, we just have to watch all of this go down until somebody comes along.
The FBI simply CANNOT go after these people, because: 1) if ONE of these scumbags actually faces prosecution, then the people (especially their political opposition) who demand the “other side’s politicians” also be prosecuted for the same thing, and it would never end
2) If the FBI leaned HARD on them to get them to be a state’s witness, they’d be able to spill the beans on a LOT of others, and explaining detail exactly how it works and who told them what, how, etc...
There’s other reasons too that I could think of if I put thought into it, and MANY OTHER reasons that all of you reading this could think of that wouldn’t even don on me.
I love how Johnny and his team do their homework based on publicly available documents and show us the proof while saying this in a very nice lovely story. I love your videos guys, keep them coming! :)
except the times him and his team gets things completely wrong.
Yeah it’s lovely, except when he lies about Hawaii
@@tsarnicholasiiiofthegreatr5578 And when he lies about the Dominican Republic.
@@castillopou oh? I dunno that one, please enlighten me
There is a super easy way to solve most of this. Only total US stock market etf purchases are allowed and while in office you cannot sell that fund. Immediate family members or people domiciled in the residents of a politician have freedom to trade(buy/sell) any etf (no individual holdings), but they must disclose their trades quarterly. Is this perfect, no. You can theoretically keep moving further away from the politician and still insider trade, but it becomes much more difficult for the politician to claim ignorance/luck. The problem becomes how do you punish this behavior...
I work as an IT cyber security architect for the largest stock broker in the US. Me and my immediate family have to have our brokerage accounts at my company only and they do background checks of that to check up to twice a year. Anything my parents have, I have to report as well. This is so my company can secure from insider trading. I don't work I'm stocks and don't get any info, but since I'm there I could over hear. Some items I was involved in was some of these major tech companies going IPO because I was working on tech for the relationship and so ive signed plenty of NDA with knowledge of IPO coming down before others knew, but also I am forbid from buying into any IPO too, regardless if my co is involved. 5here is so many rules and regulations for us peasants. But congress gets a pat on the back and a "good job" for doing obvious insider trading.
Because my wife's finances and brokerage accounts are watched, she can't make a trade on something I know and I just saw "that's my wife's account, I can't do anything" that's total bs. I'd be in jail.
The problem isn't that the lawmakers are making stock decisions based on their congressional work, the problem is they are making congressional decisions based on their stock portfolios!
The irony of this is that Air Traffic Controllers and their spouses are forbidden by federal law from owning or trading in any airline or aircraft manufacturer stock. It’s been that way for decades and it’s no reason Congress shouldn’t be forced into a blind trust.
By who congress no one is going to vote to stop themselves from doing something lmao
@@impyrobot What you wrote is unintelligible. Please write in proper english. "By who congress no one is going" is a meaningless jumble of words.
@@MyVanir Apologies MyVanir. I may have been in a state of extreme inebriation on that Friday night; sitting on the underground scrolling through my phone meaninglessly commenting whatever my drunk mind conjured up.
I will rephrase now.
I think we would find it extremely difficult to convince congress on the matter of passing a vote against their own interests.
This is because they stand to lose a lot of money by passing a bill that restricts the ability for them to trade in stocks and shares while holding a position of power such as a seat in congress or senate.
It is unfortunately a catch 42 and very unlikely to happen unless the common man puts an extreme amount of pressure on them to do so but the vast majority of citizens are not even aware of the issue in the slightest let alone how it is throughly corrupt and poses a significant threat to our democracy when individuals financial interest are put ahead of the interests of out nation.
It was nice to make your correspondance and I looking forward to hearing back from you.
@@impyrobotThere’s a Convention of States (thanks to Article V of the Constitution) in the works to happen. Its proponents have put term limits, fiscal responsibility, and reduced powers from the federal level among other things to the agenda. It might be a good idea to propose a motion about trading while elected.
This is so informative. Can you please do one with Health insurances on how corrupt they are?
All insurances in general from health & life to car & home.
@@kingace6186 it’s really all just scare tactics and ways to try and emotionally influence you to pay more when desperate
It amazes me just how many people invest themselves whole heartedly into idolising politicians, hanging on every word and defending them while ignoring the fact they are urinating down their backs proclaiming it’s raining.
God I hate politicians
Used to watch this channel thinking "Johnny's good, but clearly politically aligned so I'll take it with a pinch of salt". I now watch this channel thinking 'I don't think I've seen such a good middle ground in journalism, since ever. This channel is clearly not prejudiced by politics or media and everything is thoroughly researched and honestly presented." Kudos t the entire JH team on not just the quality, but the honesty of what you produce. This is real news.
th-cam.com/video/Q5bask6cQ4k/w-d-xo.html this is like a video of the supposed middle ground.
Yeah, honestly he calls a spade a spade. I don't care what political affiliation you are, if you're corrupt you're corrupt. We gotta stop with the political tribalism.
@@user-ck3bo8wd4p Republicans are corrupt at a higher rate than dems tho to be fair. Even this unbiased report showed more Republicans insider trading than democrats
Did you watch his videos on how the US stole Hawaii, Mexico, America and the Middle East?
Johnny Harris is a friggin' national treasure. Thank you!
Incredible to have journalists like you look into these shady things. Awareness is key to finding a solution here.
That’s why we need to make governments on Mars!
It takes a lot of courage to expose such powerful people like that. Be safe and keep it going Johnny.
how you expect him to "be safe" if he keeps it going? Pick one or the other. Don't mean to dig at you arbitrarily but the empty words "be safe" sentiment that people throw out is kind of a pet peeve.
or, you could befriend them, and watch their investment closely without any tips from them.
Instant 12% investment return, you might as well become the next generation of warren buffet
"Be safe" lol this is not Russia. We actually have freedom of speech in the west, believe it or not
@@jensenraylight8011have you been successful with this?
it doesn't take courage, muckrackers in the 1900s done way more than him.
I'm surprised to see Johnny covering corruption that isn't at least 40 years in the past, but I'm here for it.
It's a pretty important subject in terms of what voters need to know and aren't going to learn from within _either_ major political silo.
The amount of insider trading done by politicians is egregious😤
your documentaries are dope!
I remember losing my ass in the stock market in 2020, it really pisses me off to see these crooks getting fat rich. I honestly believe it's the whole reason they go into politics. I doubt there's even one politician in Washington who hasn't done this. Why wouldn't they? There's no one pursuing them, and all they have to do is deny it or get their spouse to do it.
That’s why trump is hated, he was rich before he became a politician
@@danoalex2977a good amount of politicians had money before. Trump got even richer when he left. Kids got in on the action too not mention his son in law
@@miked853 BS, most politicians we’re definitely not wealthy by any means, get your facts straight
@@miked853 Democrats have gamed the system inside trading, that’s common knowledge now and no secret
There is concrete evidence Joe and hunter have made 10s of millions influence peddling, if hunter had any education in business it would be somewhat legitimate.The government is massively corrupt on both sides, much more so on the left.Nancy is worth over a hundred mill in a 250 k salary, don be naive or stupid to basic facts a kindergartner could figure out
I didn't see *Bernie Sanders* on the list of Congress' top investors, how come? Oh right, that's because he doesn't do any of this He doesn't _directly_ own stocks, and although he has disclosed having multiple retirement accounts that are backed by stocks and bonds, he can't influence them or trade them like all the people listed in this video.
Seeing Congressman Ro Khanna children that was trading stocks, was the epic in this video.
Well. That was eye opening.
All civil servants should be forced to invest all their capital in index stocks that are then sold when their term ends.
If they do a good job and the general economy does well, they do well, if not they dont. Fair and a good way to not profit from things going bad.
This probably one of the best options
Or even better, a month right before their re-election, so the voters can judge their decision before voting
This is likely mean economy at all costs like many public traded companies where they are always incentivized to maximum their stock price
This is scary. Rich people pay politicians to make sure they get access to taxpayer funds first when banks shutter or they're in jeopardy of losing all their money. I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent above the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard. It's a con.
The more powerful the government gets the more corruption there is.
Ok Marx
sounds like what a broke jealous person would say. How many companies have you been the CEO of to have that sort of opinion?
So so true, you are paying attention.
300-400 times as in x, not just 300 or 400 percent. Way more than percentage points 😂
“Show me a man that gets rich by being a politician, and I'll show you a crook.” Fair and simple.
Legalise corruption is a huge thing in the US.
Crazy how if regular people did this they'd go to jail for it and be fined millions. My last job set up all the stocks and whatnot for us, let us choose some of our own. That was the first thing they let us know we absolutely could never do...inside trading
Thanks for bringing attention to this. When the market is being manipulated, most everyone else loses a little more money than they would have otherwise.
The whole games rigged to screw the little guy
Johnny Harris never disappoints
His subjects does
@@picassomichel615 You don't think it's important to know that the politicians are doing insider trades?
@@caam0000 if this is the video that broke that reality to you, idk what you been doing for the last decade or three lol
@@MF_JEWM This wasn't the most mindboggling no, but still interesting.
@@MF_JEWM this was actually a very insightful video for everyone who is not american or not deeply into american politics but would like to know more about it. I wouldn’t say this broke reality, but it sure was informative and taught me things I personally didn’t know about the american political system. Therefore, a great video
Theyre thieves. Youll never see a politician suffer but their people always are.
One of my friends who used to work in investment banking was heavily restricted in terms of what he could trade and how. He had to declare all of his trades a month in advance, and it couldn't be in any company that his firm was directly engaged with. I feel this is a good balance since it still allowed him to participate in the market, but ensured that he couldn't DIRECTLY profit from insider trading. Of course, he could always have told family and friends, but I don't think any law can stop that...
In my country of Denmark there are laws that you have to disclose if you are close to someone who could give you insider information before you can trade stocks. I'm not sure if there are laws that prohibit it for relevant stocks but in any case it wouldn't hurt to have the laws on the books in case they are needed.
I also think for politicians they shouldn't be able to trade a stock a month before they make a political decision that would affect that stock, not just declare it in advance.
It makes sense now - this is why rich business people are trying to get into government
Trying to? They already have...😜
@@JusticeAlways yes but more very rich folk are still "trying to"
The only reason this kinda stuff keeps happening is because most ppl vote based on a 20 sec clip they saw on the news.
Nobody researches, and those who do are vastly outnumbered. ITs the downside to a democracy.
And what happens when rich people are the ones in charge of the country? Russia. Yikes..
This also raises another concern. What if people in congress simply voted for things that were good for their portfolio. How do you trust that congress is voting for the peoples interests and not voting in ways that increase their own wealth.
Sickening.
They don’t care about our trust because they know there is nothing we can really do.
Honestly cannot believe this was a thing! In Australia, politicians and even public servants must declare any gifts they given with a retail price over $10.
I mean they have to declare any gifts greater than $50 in the US. Does that really stop things? No.
Yeah so they are required to share their trading information so Johnny can do the video on it, but they are not required to stop doing this essentially illegal trading
Damn im from the UK so we have our own bastards besides the stock market our personal favourite is “speaking fees” how can one be a millionaire from speaking fees. Btw john barilaro is a corrupt bastard🤣hes reminds me of British politicians the way hes so open about pork barrelling
@@loganleroy8622 exactly. It's like "ah yes this old van gogh painting is really worth 49 usd because it's been framed with a cheap frame"
You're extraordinarily naive if you think this doesn't happen in Australia.
Yea Nancy Pelosi and her husband!! during the pandemic!!💯👍 Salary are $200K YET they are worth MILLIONS?? 🧐🧐🙄🤦
Don't forget McConnell/Chao during the "shipping crisis".
RegeneRon's buddy and the covid drug.
Feinstein went hard too, looks like karma caught that one.
Corrupt is corrupt. It doesn't matter what side you are on.
“There is no way to prove it”, no no, dude, there is no WILL to prove it
“Also, these are his children”
LMFAO that got a laugh out of me. These people need to be purged.
We need a 3rd party in the US. As long as Rs and Ds keep patting each other on the back for their stock theft, we will never see any real resolution to any domestic issue.
How is that going to help anyone? Plus America is a first past the vote system anyway. So good luck voting them in. Oh yeah and the Greens and Libertarian party art fucking nuts
3rd party won’t change it. You won’t be allowed on tv unless your corrupt!!!! This needs all its citizens to raise up but we know that won’t happen !!!! So gravy train continues.
So insider trading is bipartisan. Glad to know that they agree on something.
They agree on military budget too 😅
They also agree on anti-immigration. But they can't agee on which brand of xenophobia they want to wear, depending on the political climate.
Fun fact, in Singapore, they pay their government officals a good salary to reduce corruption. And it works.
We need more people like you Johnny. Keep the world honest!
Johnny, I would just like to tell you that I like videos which are revealatory, analytical and questioning the people in power. You and other journalists like you make them accountable which keeps them in check and in turn it keeps the system in check. So thank you. Keep doing it.
This guy is a national treasure. Protect him at all costs!
Can we please stop saying that cringe saying ....are you going to protect him???
@@eastwick Ignore-ish and Cringe-nish
He lies sometimes do your research. Poor soul
Many said the same about snowden and we know what happened to him