If you're really tired or on drugs it will look and sound like we wrote and said that Ro Khanna represents California's 17th district, not 12th, which is correct
@@ChartreuseDan I only know about horse racing, but it's really similar to this insider trading but with strategic rostering who is opening up and pulling back slightly for another race. They are all friends and chat with each other while training each morning. Strategically they hold back horses if they are trying to drop them to lower leagues or save them for later races. This is coordinated between them to achieve wins. Tips are genuine things in horse racing and if you help train them, you see it all. Pretty corrupt. Also, substance bans are updated each year and only filtered down gradually to lower leagues, so at all levels, they use not yet banned performance-enhancing drugs. I would say it's only in the place I worked, but the phone conversations I was party to and that my cousins loved to talk, I saw it all. In the Olympics with the Russian scandals and many other countries caught doping they do the exact same. Slightly alter drugs each year, so they are not shown as a banned substance in their system. This is a constant in high-end horse racing and with people is the same in large countries. (Edit) Btw, their colluding was about keeping a balance of spreading wins and losses according to when they want to use the most of a horse or get a win with a worse one taking advantage of the fact the better ones are holding back. Corrupt in itself, but from what I've seen, they don't bet and just spread the winnings more predictably, but give out tips to friends.
Fully expected Dan to just stand in front of a bin on a grotty side street, look directly into the camera, say NO, and roll credits, and that would have been completely acceptable.
They should ve allowed to do it, vut they should be forced to publish their weekly income and outcome and that of their direct family. Afterall their is no way we can prevent them from making money of their activities (if u forbid stock trading they will just put money in a trust and then do it over them camens)
their bank statements should be monitored and made public, their pay should be cut, and they should be forbidden from any form of stock trading. all congress members should live in the same community in the same housing modeled after low income apartments in the rest of america
Not really if you noticed he put a Zyn ad in the video at 1:21, he definitely got paid by big Tobacco for that. Messed up when alot of underage people watch his videos.
I will never forget when Nancy Pelosi did an interview on CNN during the height of the pandemic in her home office and told Wolf Blitzer that giving the American people $1500 as a stimulus was too much money, as she sat in front of an original De Kooning painting that was worth millions of dollars. I know that because I’m currently sitting on $29,000 worth of student loan debt for studying art history.
The problem wasn't the stimulus checks, it was giving them to everyone by default. If they assigned them by need, people with debt like you could get more and millionaires who likely profited off the pandemic in the first place. I know plenty of people in my area who got the check and threw it away on lottery tickets and alcohol, money that could have helped charities and those in need.
I think the answer should be "yes but it has to be an index fund anyone can invest in" If they try to do things that enrich themselves everyone else should be able to easily get in on that. It also makes them actual civil servants doing things that help people
In Norway we recently had a scandal where the husbands of two politicans had traded stocks. Since they could potentially have gotten info from their spouse it was a big deal and one of them quit their job because of it. Politicans straight up trading themselves is insane 🤯
Meanwhile, Nancy Pelosi's husband outperformed the market so much so that an ETF was created that tracks equities securities purchased by Democratic members of congress and their spouses (NANC)
Morgan Stanley analysts aren’t even allowed to trade individual stocks are they? My mate works at JP Morgan and he’s more restricted than US politicians
I’m a very low level analyst at a real estate investment firm on the marketing side and even I’m restricted on buying any stock of any of our partners or vendors. I’m a peon and am more restricted than congress
Can confirm - used to work at a small restructuring investment bank and we sometimes had public clients in bankruptcy, it was very restrictive. FINRA regulated firms who deal with public clients or public securities must bar their employees from trading individual stocks unless they get written approval from compliance, and if you are cleared (if they reply fast enough) you can only trade on that same day, otherwise you have to ask again. Basically you have little agency to time any of your trades so it can seriously disincentivize if you are trying to make a short term or time sensitive play, basically keeping you from using long term limit orders or stop losses (you have to ask permission for selling too, same process). If you are employed by one of these firms, you also have to disclose all investment accounts you have under any broker dealer and any trades you make with that broker dealer are reported to your firm. Even if you individually don't have access to MNPI (material non-public info) but your firm does because they do business with a certain publicly traded client, you will get terminated for trading without permission. One caveat is you (most of the time) can trade ETFs or indexes freely without permission, which is how it should be for congress (though they would still have skated out of the covid selloff). It's fucking insane that the same scrutiny isn't applied, especially when they're out here convicting and fining people for insider trading (fines can be 2-3x the gain made or loss avoided for us normies). Disgusting hypocracy.
The only problem, Nancy, is when _you_ and your colleagues participate in the stock market, it’s no longer a free market economy. It’s a manipulated oligarchy.
@jackjones4824I mean, I agree with the sentiment, but it is also a question of raising outside capital. A loan is not necessarily the best tool in every instance
@jackjones4824 I'm too uneducated to offer a nuanced answer. I have read that capitalism has a bigger body count than communism, and found the arguments compelling. I've also dabbled in the history of the Soviet Union and I know for a fact that American efforts at regime change played a big role in their failure.
@jackjones4824 my reading suggests that colonialism was the mother of capitalism. The book "Empire of Cotton" goes into great depths into this, focusing on how English State Power appropriated wealth from the colonies using private actors who were then allowed to concentrate that capital and ultimately usurp power from the state. I agree there are a lot of intersecting Venn diagrams if we dive deeper into this topic. Again, I am not educated enough to even attempt an answer. I have my world view and, in it, capitalism isn't the holy saviour it's made out to be.
@jackjones4824This is the funniest yet saddest thing about the American people. They are perhaps the most socialist people in the world, yet are too naïve to realise it. They have been taught their entire life that socialism is an evil thing, because it is in their best interests to make sure it never happens, as socialism will give the power to us people instead of them. Also, i see you mentioned that we shouldn't jump to Soviet style communism - completely true. Different economic systems function differently based on the material conditions, At that time, the USSR was a third world country in crisis with millions dead recovering from a civil war, over time, it became a first world country, reaching space, and briefly surpassing the USA economically in 1983 despite having a planned economy. Of course, it's not just about the material conditions, mistakes obviously must be acknowledge lest we repeat them.
however, "Sometimes, history needs a little push" - Vladimir Lenin "Be strong in the belief that life is wonderful. Be positive and believe that the Revolution will always win." - Valery Sablin's last letter to his son before his execution. The ruling class may offer us concessions, but we will never get what we want. So, what is to be done? We, as the working people, the ones who built the towers where the trade, paved the runways where their private jets land, and the ones who filled their stomachs, must become the ruling class ourselves, as some have called before, a "dictatorship of the proletariat". For context, what we live in now is referred to as a "dictatorship of the bourgoeise"
I can't believe Dan graduated from having his apartment described as a place someone goes to off themselves to interviewing members of Congress. Good Work!
Unironically this would be a good solution. It's kind of crazy that members of congress make less money than your average director at a private company. Given how expensive it is to live part-time in DC your average representative actually is house poor if they don't have a "side hustle" and this incentivizes them to look for opportunities to profit instead of just doing their job.
@@dkizzle3135they are supposed to be public servants. Innumerable benefits come from the fame and notoriety good public service can provide. Just ask yourself if you'd agree to serve as senator right now for a salary of $0, and you'll understand.
Maybe the people who serve the interests of the nation should be the kind of people who do the job for the sake of being public servants instead of people who want the position so they can become rich@@dkizzle3135
To be fair that is what Singapore does. Their president has the highest salary of any democratically elected official in the world, but Singapore is not a nation to seek political guidance considering they are a pseudo-dictatorship.
I feel like even if congress members are banned from individual stocks, they should also be prevented from disclosing confidential information to family / friends / business associates
4:40 literal npc dialogue, you come up to this bloke, you press E and he starts yapping nonsense. You do that like 3 times and suddenly he's out of prerecorded lines, just starts playing back the same ones you've already heard on repeat
Under the SEC regulation, private officials are brought to justice when they commit insider trading. So, why is not the very same law applied to public officials, when everything else but the title, stays the same?
Because the point of political power is to exercise it and get more capital. People act like capitalism is pure and shouldn't be mixed up with dirty politics. The whole point of power is to exercise it.
There's a longstanding joke in Journalism that "When you see any headline that's phrased as a yes/no question, the answer is probably 'No.'" I'm really hoping this video holds to the pattern.
I work for a 'big 4' and I have SO many restrictions when it comes to trading even though I am nowhere near audits as I work in consulting... It's madness
Ironically, in my home country of Norway, there recently was a huge scandal involving a couple of politicians trading stocks. These politicians lost their seats in our "senate" a few days later.
2:22 every time John Rose is mentioned anywhere, I am morally compelled to remind the world that he met his wife when he was in his early 40s and she was 17. She was born a year after he graduated from college. Her college education was paid for through a scholarship named in honor of his parents, at the same university where he was the Chairman of the Board of Directors.
Hella creepy and I’m not necessarily defending it, but they’ve now been married for over a decade and have two children. We don’t know what goes on behind closed doors, but from the outside it seems like it’s working for them and they’re happy. Just gotta hope it continues that way.
@@jackinzbox.there’s stories of amputee veterans living a happy life and learning to appreciate their situations, doesn’t mean they would advocate for service members to walk into IED’s…
Yeah I'm with jackinthebox above... While most of those situations don't work out for the obvious reasons that they have no common interests due to age gap, if this one looks like it's working, no reason to tear them down..trying to make others look miserable won't make you any happier.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
But obviously the invisible hand of the market will work around them and minimize their profits. In the end, our system will work as intended. The current things that are happening definitely aren't the system working as intended. Nope. Definitely not. Nuh-uh.
It isn't a debate. There's no arguments for the other side. It's just a matter of Congressional leadership doesn't want to do it because they like money.
Because republicans towing the party line are inventing a conflict and actively torpedoing efforts to address real issues on orders from Trump and the Heritage Foundation as an election strategy.
I'm a low-level employee and even I have to deal with specific trade windows if I get equity, and if I were to know ANYTHING about the company that can affect the stock price, I have to report it and go through a special process to buy or sell the stock. But the people who literally make decisions about not just one company, not just one industry, but the entire economy, have no restrictions. Seems legit.
Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million
I've been thinking of going that route, been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think you inv-coach could guide me with portfolio-restructuring
These people don’t understand how their phones work, how any apps work, how the ads on a website work, and somehow they’re making genius stock trades right in the nick of time…
Speaking of buying groceries this year, my sister, my nephew, and I received notices that we all have to purchase rental insurance this year. I contact my property manager, and I tell her you know that I cannot pay the rent without help from the state and now you’re demanding that I purchased rental insurance, she replied it’s no more than $10 or $15 a month and I said that’s coming out of my food budget which does not last the month now
Ahhh, capitalism. Same in my country, my friend. On a €200k per year salary, you still cannot afford any home. How crazy is that? Minimum wage is 5.30 too, it's probably worse here than in USA.
@@tempejkl$200k/year, 16k/month? Lmao just fucking buy a villa in Croatia and a private helicopter to go to work then I guess you probably mistyped 20k for 1600 euro/month which seems more like the average European income after tax 😅
Nancy Pelosi was definitely that kid that saw the halloween candy bowl that said “only take one! Leave some for others” and dumped the bowl into her bag
@@tempejkl what actually matters is an efficient market, it's just that most interventions make it less efficient. This is a case where "free" is actually hurting efficiency. Letting people trade on private info strongly hurts the market, leading to less liquidity, hesitant investors, and money stolen from everyone else.
I really like the small text that floats by Dan's head with funny commentary I usually watch videos like this while playing video games. Because of the text, I have to pay attention see the gags
I don't think that guy is hollow. He's supporting a bipartisan issue. He needs his voters (who are probably massive bigots) to not think that he isn't a bigot. It's his way to re-affirm that and ensure he's on their good sides. Really shrewd imo.
@@ChasmChaosconsidering the reason he’s there has f*ck all to do with immigration and he barley even got a word out before he went on that rant, it’s like he’s an AI robot with human skin stapled to it with prerecorded responses to make the plebs he’s trying to manipulate into empowering him cheer him on.
Just want to throw in a little note for Dan & co: I saw the podcast from a few months ago with (ahh I forget who hosted) where you were talking about shooting on iPhones and how it related to the unique style of this channel. I noticed the bump in camera quality from this video, and although I think it represents an evolution in your style, I like it. Good cameras and the increase in in-person interviews are changes that I’ve liked, and I don’t think they ruin the style you guys have going on. Keep it up!
@@tempejklSo obviously wrong. Greed has been very prevalent throughout human history, before capitalism. It's absolutely inherant in human nature. A better way to look at it is: certain societal structures exploit our capacity for greed more than others. Systems like capitalism exasturbate the problem, but not create it
The multiple failures of these bills makes me think that they’re more about political posturing than about enacting real change. It takes relatively little effort to throw together superficially groundbreaking legislation, only to shrug your shoulders when it immediately dies during voting. The politicians get to look like they’re fighting the good fight for their citizens, while maintaining a status quo that clearly benefits only them.
The bill to ban TikTok went from introduction to a vote within 1 week. The true reason being that the US cannot allow a massively popular social media platform with an independent algorithm that prioritizes non-State sponsored media to exist. When it truly matters, the political machinery can really haul ass.
It’s also that a lot of politicians sitting on “the other side” cripple real change legislation so that it can’t be effective, while the side that proposed it knows this is the best deal they’ll be able to get for now and hope that down the line they can get more to beef up the legislation.
@@tempejklthey’re trying to with ID laws and minimizing what days you can vote as well as crippling absentee ballots. Voting works (slowly) which is why they’re trying so hard to convince you it doesn’t.
Yeah "it's not about a vow of poverty", guy what? You make 10x the average salary and probably get a cushy pension you don't need to be investing, buy bonds then at least you'll have an incentive not to destroy the USD
It’s not quite apparent but you are doing news 1000% better than news outlets and most journalists. Great work. I hope your channel’s popularity really skyrockets.
There's this one news channel that just needs investigating. Could you please investigate them and their lead singer Dan Thomas? Thank you for all the good work you do.
"Our lawmakers in Congress need to know as much as possible about the stuff that's going to impact our lives... but more importantly, our financial markets" 😂😂😂😂
I think members of congress should be able to trade on index funds or wide market accounts. Especially since it incentives them to ensure the total US economy is healthy rather than individual companies.
It's not just access to information about the market that the general public will never know in time, it is the fact that they can affect and manipulate the free market, and their personal interest in seeing certain companies succeed or fail will affect their policy voting decision
You handled that comment about the border really well, it showed how crazy out of pocket it was without mocking the guy and maybe hurting your future interviews
I can’t put a finger on your journalism style, but it is absolutely brilliant and so well done. Discovered you after your video on I-Banking. Great work!
My belief is that federal politicians should make $500,000/year with the stipulation that they hold no job in office, can't work as a lobbyist for a minimum of five years (essentially killing that career option for all but a few), can't trade stocks themselves, and the investments of their immediate family members are public record while making insider trading illegal for them. Yes, there definitely is wiggle room for cheating, but it's much harder, and the role of plausible deniability narrows drastically.
@@NotTehJonThe mindset of consistency and grit required to become independently wealthy (assuming they're not born into generational wealth) is what Congress needs.
@josiahcaterino the people with that mindset are not at all incentivised to join politics, it's going to be people predominantly born into wealth taking positions.
It's a free market, except if you're a market maker, you don't get to trade in that market. The SEC calls that insider trading. Beautiful example of rules don't apply to the rule makers.
Love your Carmen Sandiego outfit. Or Dick Tracy. Either or I know your inspirations. It fits the subject. Your a true detective in my eyes. We need more people like you.
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas..
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
I self-managed but suffered heavy losses in 2022 so I knew I couldn't continue that routine. I consulted a fiduciary financial advisor & by restructuring and diversifying my $610k portfolio with dividend-paying stocks, ETFs, Mutual funds, I significantly boosted my portfolio, achieving an annualized gain of 35%.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
It's funny to hear, "rival channel 60 minutes," but the growing appetite for unfiltered news like this will actually probably propel this channel to be bigger than 60 minutes in the near future, like not a joke. You're hilarious, but this is actually extremely well done.
How is that fair to their extended family? They have no say in what their family does for a living. I think there should just be much stricter insider trading monitoring
I wanna see Congress ppl having term limits just like the president. No one should hold a position of power in government for as long as some of our senators have...
If you are not in the financial market space right now, you are making a big mistake.I realize that it could be due to inexperience, but if you want to make your finances work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH... Stock)
Same here all thanks to Mrs Jeffrey Kathryn, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
If you're really tired or on drugs it will look and sound like we wrote and said that Ro Khanna represents California's 17th district, not 12th, which is correct
Who is gonna pass laws to stop them 💀
This guy is doing more real reporting than the media establishment, good job
Good Work meets Bad Congress... the collab we all knew had to happen
I am on drugs so I wouldn't have noticed either way at the moment, but I'll try to remember in a few hours (I won't)
I was tired but I took a bunch of amphetamines so I'm all good now, what's a district
The fine being $200 and even then not even being enforced is so insane
A light tickle would be more effective...
It's truly a whole other world for them
You think that's crazy, wait til you find out who decided what the rules should be
I thought they meant $200K
Silly me
That's basically just 1-2 hours of "work" for them
If athletes can’t sports bet, then politicians shouldn’t stock bet.
Honestly? Politicians trading stocks is a lot more like the referee or the commissioner of the league betting on the games
@@ChartreuseDan I only know about horse racing, but it's really similar to this insider trading but with strategic rostering who is opening up and pulling back slightly for another race. They are all friends and chat with each other while training each morning. Strategically they hold back horses if they are trying to drop them to lower leagues or save them for later races. This is coordinated between them to achieve wins. Tips are genuine things in horse racing and if you help train them, you see it all. Pretty corrupt.
Also, substance bans are updated each year and only filtered down gradually to lower leagues, so at all levels, they use not yet banned performance-enhancing drugs.
I would say it's only in the place I worked, but the phone conversations I was party to and that my cousins loved to talk, I saw it all.
In the Olympics with the Russian scandals and many other countries caught doping they do the exact same. Slightly alter drugs each year, so they are not shown as a banned substance in their system. This is a constant in high-end horse racing and with people is the same in large countries.
(Edit) Btw, their colluding was about keeping a balance of spreading wins and losses according to when they want to use the most of a horse or get a win with a worse one taking advantage of the fact the better ones are holding back.
Corrupt in itself, but from what I've seen, they don't bet and just spread the winnings more predictably, but give out tips to friends.
true, get em all on the parleys
@@ChartreuseDan Haven't watched sport in a while, but do referees get to sports bet and disqualify players / award points at will?
@@sollertia_they aren’t supposed to but they still do. The cowboys football team had some refs that were cited for that.
Fully expected Dan to just stand in front of a bin on a grotty side street, look directly into the camera, say NO, and roll credits, and that would have been completely acceptable.
That would have been a weird 18 minutes
It really do be that easy.
@@alexb50 And we'd deserve every second of it
They should ve allowed to do it, vut they should be forced to publish their weekly income and outcome and that of their direct family.
Afterall their is no way we can prevent them from making money of their activities (if u forbid stock trading they will just put money in a trust and then do it over them camens)
their bank statements should be monitored and made public, their pay should be cut, and they should be forbidden from any form of stock trading. all congress members should live in the same community in the same housing modeled after low income apartments in the rest of america
This channel quickly went from “haha finance bros” to “our government is deeply corrupt and is happy to stay that way” and I’m here for it
that’s how all channels about finance bros end up going XD
This was the moment that Good Work became Great Work
Not really if you noticed he put a Zyn ad in the video at 1:21, he definitely got paid by big Tobacco for that. Messed up when alot of underage people watch his videos.
@@Adrian-lc6jq lol
@@Adrian-lc6jqI am now zyndicted
I will never forget when Nancy Pelosi did an interview on CNN during the height of the pandemic in her home office and told Wolf Blitzer that giving the American people $1500 as a stimulus was too much money, as she sat in front of an original De Kooning painting that was worth millions of dollars. I know that because I’m currently sitting on $29,000 worth of student loan debt for studying art history.
See this is why they don't want us to be educated. The more we know what stuff are the angrier we'd get 😂
@@vdinh143LITERALLY LMAO
And when she showed off how much “jeni’s” ice cream she stock piled for lockdown…
@jackjones4824yeah because why would you ever study something you're passionate about if it's not profitable right
The problem wasn't the stimulus checks, it was giving them to everyone by default. If they assigned them by need, people with debt like you could get more and millionaires who likely profited off the pandemic in the first place. I know plenty of people in my area who got the check and threw it away on lottery tickets and alcohol, money that could have helped charities and those in need.
The short answer is No. The long answer is No.
You mean the long answer is Noooooooooooooo
The long answer is "Fuck no!"
How about hell the fuck naw!!!
I think the answer should be "yes but it has to be an index fund anyone can invest in"
If they try to do things that enrich themselves everyone else should be able to easily get in on that. It also makes them actual civil servants doing things that help people
What if they owned VTI then they would have the incentive to improve the economy and not just their bank accounts
In Norway we recently had a scandal where the husbands of two politicans had traded stocks. Since they could potentially have gotten info from their spouse it was a big deal and one of them quit their job because of it. Politicans straight up trading themselves is insane 🤯
Common EU W
@@readyforlol But Norway isn't in the European Union.
Common EEA w
Meanwhile, Nancy Pelosi's husband outperformed the market so much so that an ETF was created that tracks equities securities purchased by Democratic members of congress and their spouses (NANC)
Nancy Pelosi straight up said "the free market should favour me"
If you think it is only one side doing this you are a tool.
“Actually, I really like the status quo 😌 and money”
Why should you allowed to be able to capitalize on upcoming economic disasters and booms Nancy? Oh, bc "free market"? Gotcha. HAHA
She's so fcking old, she predates ethics
Free if it works for me
Morgan Stanley analysts aren’t even allowed to trade individual stocks are they? My mate works at JP Morgan and he’s more restricted than US politicians
More than no restrictions?
I’m a very low level analyst at a real estate investment firm on the marketing side and even I’m restricted on buying any stock of any of our partners or vendors. I’m a peon and am more restricted than congress
@@DogAmongMen Well yeh I just say that because I don’t know the specifics I think he can have an ETF but that’s about it
i work cyber in the industry and can confirm. we are more restricted than us politicians.
Can confirm - used to work at a small restructuring investment bank and we sometimes had public clients in bankruptcy, it was very restrictive. FINRA regulated firms who deal with public clients or public securities must bar their employees from trading individual stocks unless they get written approval from compliance, and if you are cleared (if they reply fast enough) you can only trade on that same day, otherwise you have to ask again. Basically you have little agency to time any of your trades so it can seriously disincentivize if you are trying to make a short term or time sensitive play, basically keeping you from using long term limit orders or stop losses (you have to ask permission for selling too, same process). If you are employed by one of these firms, you also have to disclose all investment accounts you have under any broker dealer and any trades you make with that broker dealer are reported to your firm. Even if you individually don't have access to MNPI (material non-public info) but your firm does because they do business with a certain publicly traded client, you will get terminated for trading without permission. One caveat is you (most of the time) can trade ETFs or indexes freely without permission, which is how it should be for congress (though they would still have skated out of the covid selloff).
It's fucking insane that the same scrutiny isn't applied, especially when they're out here convicting and fining people for insider trading (fines can be 2-3x the gain made or loss avoided for us normies). Disgusting hypocracy.
The only problem, Nancy, is when _you_ and your colleagues participate in the stock market, it’s no longer a free market economy. It’s a manipulated oligarchy.
@jackjones4824I mean, I agree with the sentiment, but it is also a question of raising outside capital. A loan is not necessarily the best tool in every instance
@jackjones4824 that's the most diplomatic way of saying "seize the means of production" that I've ever heard.
@jackjones4824 I'm too uneducated to offer a nuanced answer. I have read that capitalism has a bigger body count than communism, and found the arguments compelling. I've also dabbled in the history of the Soviet Union and I know for a fact that American efforts at regime change played a big role in their failure.
@jackjones4824 my reading suggests that colonialism was the mother of capitalism. The book "Empire of Cotton" goes into great depths into this, focusing on how English State Power appropriated wealth from the colonies using private actors who were then allowed to concentrate that capital and ultimately usurp power from the state.
I agree there are a lot of intersecting Venn diagrams if we dive deeper into this topic. Again, I am not educated enough to even attempt an answer. I have my world view and, in it, capitalism isn't the holy saviour it's made out to be.
@jackjones4824This is the funniest yet saddest thing about the American people. They are perhaps the most socialist people in the world, yet are too naïve to realise it. They have been taught their entire life that socialism is an evil thing, because it is in their best interests to make sure it never happens, as socialism will give the power to us people instead of them.
Also, i see you mentioned that we shouldn't jump to Soviet style communism - completely true. Different economic systems function differently based on the material conditions, At that time, the USSR was a third world country in crisis with millions dead recovering from a civil war, over time, it became a first world country, reaching space, and briefly surpassing the USA economically in 1983 despite having a planned economy.
Of course, it's not just about the material conditions, mistakes obviously must be acknowledge lest we repeat them.
"Rival News TH-cam Channel, 60 minutes" LMAOOOOOOOO
"mid playlist curator" for obama too 😭😭😭😭
That got me too 😂
I almost fell out of my fuckin chair HAHAHAHA
To be fair, 60 Minutes only has three million followers.
Rival? More like subordinate
The people who have the power to change it - directly profit from it.
That means it will not change.
however,
"Sometimes, history needs a little push"
- Vladimir Lenin
"Be strong in the belief that life is wonderful. Be positive and believe that the Revolution will always win."
- Valery Sablin's last letter to his son before his execution.
The ruling class may offer us concessions, but we will never get what we want. So, what is to be done? We, as the working people, the ones who built the towers where the trade, paved the runways where their private jets land, and the ones who filled their stomachs, must become the ruling class ourselves, as some have called before, a "dictatorship of the proletariat". For context, what we live in now is referred to as a "dictatorship of the bourgoeise"
@@tempejkl 30 yet?
@@tempejklah yes, the answer to government corruption is communism/socialism. Yeah.... never talk about economics again.
“Our lives, but more importantly, our financial market”💀💀💀
He definitely said that on purpose 😂
😂😂
Short answer, no.
Long answer, noooooooooooooo
The answer to the question “why can politicians trade stocks?” Is “no”?
@@Notimportant3737
Video title used to be, "Should politicians trade stocks."
Mmmmbut isn’t. So you just copied someone else’s comment without thinking if it makes sense and someone’s called you out on it lol
I can't believe Dan graduated from having his apartment described as a place someone goes to off themselves to interviewing members of Congress. Good Work!
"Rival news TV channel 60 minutes" is a WILD statement lmfao
I think the obvious solution is to pay politicians more. Poor guys, need to run side hustles.
Definitely, removing a lot of public programs would definitely be necessary to help our starving senators.
Unironically this would be a good solution. It's kind of crazy that members of congress make less money than your average director at a private company. Given how expensive it is to live part-time in DC your average representative actually is house poor if they don't have a "side hustle" and this incentivizes them to look for opportunities to profit instead of just doing their job.
@@dkizzle3135they are supposed to be public servants. Innumerable benefits come from the fame and notoriety good public service can provide. Just ask yourself if you'd agree to serve as senator right now for a salary of $0, and you'll understand.
Maybe the people who serve the interests of the nation should be the kind of people who do the job for the sake of being public servants instead of people who want the position so they can become rich@@dkizzle3135
To be fair that is what Singapore does. Their president has the highest salary of any democratically elected official in the world, but Singapore is not a nation to seek political guidance considering they are a pseudo-dictatorship.
I feel like even if congress members are banned from individual stocks, they should also be prevented from disclosing confidential information to family / friends / business associates
Wait, how is this allowed at all?
I see you, Representative Jon Ossof
@@shikharrajeI'm sure he's a Senator, not a Rep. I think he was elected during the GA special elections that gave Democrats their majority
Because they mke the rules
‘Murica. Basically whatchugonnadoaboutit.
Babe wake up new GW video
5 more minutes...
game workshop
It's insider trading. Politicians that do this are corrupt.
and like all of them do.
@@ThePoodleeven the ones in this video trade on the low lmao
That isn't what insider trading is.
It may as well be. They have the answers or cheat codes to money glitches in real life
@@Sammysapphira if you have information that impacts a stock, it's both conflict of interest and insider trading.
4:40 literal npc dialogue, you come up to this bloke, you press E and he starts yapping nonsense. You do that like 3 times and suddenly he's out of prerecorded lines, just starts playing back the same ones you've already heard on repeat
hahaha
Can confirm. This guy is my representative (despite my best voting efforts) and I've witnessed this dialogue box first hand
why do people vote for npc's lol
@@michaelsmith953if you say nothing then no one can disagree with you
I like to imagine this is how he begins ever conversation
Under the SEC regulation, private officials are brought to justice when they commit insider trading. So, why is not the very same law applied to public officials, when everything else but the title, stays the same?
Because the point of political power is to exercise it and get more capital. People act like capitalism is pure and shouldn't be mixed up with dirty politics. The whole point of power is to exercise it.
@@ChasmChaos 🤣👍🏻
It's nuts.
There's a longstanding joke in Journalism that "When you see any headline that's phrased as a yes/no question, the answer is probably 'No.'"
I'm really hoping this video holds to the pattern.
Betteridge's Law of Headlines
@@djrenaultread that as Pepperidge
I work for a 'big 4' and I have SO many restrictions when it comes to trading even though I am nowhere near audits as I work in consulting... It's madness
Hi, I'm a uni student interested in consulting and was wondering if I could talk to you and ask you a few questions?
Short answer: NO
Long answer: NOPE
Ironically, in my home country of Norway, there recently was a huge scandal involving a couple of politicians trading stocks. These politicians lost their seats in our "senate" a few days later.
Who thinks the ref should be allowed to bet on the sport he's working?
2:22 every time John Rose is mentioned anywhere, I am morally compelled to remind the world that he met his wife when he was in his early 40s and she was 17. She was born a year after he graduated from college. Her college education was paid for through a scholarship named in honor of his parents, at the same university where he was the Chairman of the Board of Directors.
Hella creepy and I’m not necessarily defending it, but they’ve now been married for over a decade and have two children. We don’t know what goes on behind closed doors, but from the outside it seems like it’s working for them and they’re happy. Just gotta hope it continues that way.
@@jackinzbox.Literally a victim
@@jackinzbox.there’s stories of amputee veterans living a happy life and learning to appreciate their situations, doesn’t mean they would advocate for service members to walk into IED’s…
Yeah I'm with jackinthebox above... While most of those situations don't work out for the obvious reasons that they have no common interests due to age gap, if this one looks like it's working, no reason to tear them down..trying to make others look miserable won't make you any happier.
@@johnbigelson7471 he's a groomer, by definition. a predator.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world.
Many individuals report success in investing in stocks,fx, yet I continue to struggle.Can somebody help me out or advise me on what to do?
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
The best method for beginners is to practice under the guidance of an expert.
It seems crazy that this is even a debate. Of course they shouldn't be allowed to trade stocks
But obviously the invisible hand of the market will work around them and minimize their profits. In the end, our system will work as intended. The current things that are happening definitely aren't the system working as intended. Nope. Definitely not. Nuh-uh.
It isn't a debate. There's no arguments for the other side. It's just a matter of Congressional leadership doesn't want to do it because they like money.
@@chickensangwich97"there are no arguments for the other side because I ignore them"
@@Sammysapphira Describe to me one (1) argument for permitting members of Congress to trade stocks
@@chickensangwich97absolute silence. There are none! Greedy mfs
“Mid playlist curator” 🤣
“Drank some coffee, black, and hopped on a hound, grey…”
Some of you folks say the most darnest things at times, joke or not. May God bless your hearts.
“then visited the house, white…”
Sounds like a Leslie Nielson joke
5:00 this moment had me completely baffled because yea why the fuck did he open a conversation that had nothing to do with the border on this
Because republicans towing the party line are inventing a conflict and actively torpedoing efforts to address real issues on orders from Trump and the Heritage Foundation as an election strategy.
Watched this while sober. Really cool.
Watched this while hammered still cool
Watched this high on cocaine, still really
cool
Watched this to help me sleep. Super cool
Watched this in the shower. Really clean.
Watch this in sauna. Really hot.
I'm a low-level employee and even I have to deal with specific trade windows if I get equity, and if I were to know ANYTHING about the company that can affect the stock price, I have to report it and go through a special process to buy or sell the stock. But the people who literally make decisions about not just one company, not just one industry, but the entire economy, have no restrictions. Seems legit.
Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million
I've been thinking of going that route, been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think you inv-coach could guide me with portfolio-restructuring
Her name is “Rebecca Noblett Roberts” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
These people don’t understand how their phones work, how any apps work, how the ads on a website work, and somehow they’re making genius stock trades right in the nick of time…
Speaking of buying groceries this year, my sister, my nephew, and I received notices that we all have to purchase rental insurance this year. I contact my property manager, and I tell her you know that I cannot pay the rent without help from the state and now you’re demanding that I purchased rental insurance, she replied it’s no more than $10 or $15 a month and I said that’s coming out of my food budget which does not last the month now
Ahhh, capitalism. Same in my country, my friend. On a €200k per year salary, you still cannot afford any home. How crazy is that? Minimum wage is 5.30 too, it's probably worse here than in USA.
@@tempejkl$200k/year, 16k/month? Lmao just fucking buy a villa in Croatia and a private helicopter to go to work then
I guess you probably mistyped 20k for 1600 euro/month which seems more like the average European income after tax 😅
Nancy Pelosi be like: It's a free market, where I am free to abuse the market.
She isn't a civil servant she's a feudal master.
Nancy Pelosi was definitely that kid that saw the halloween candy bowl that said “only take one! Leave some for others” and dumped the bowl into her bag
"The freer the market the freer the people" Yeah, right. But the freer the market got, the worse the people's lives got...
@@TennesseeJedaka capitalist
@@tempejkl what actually matters is an efficient market, it's just that most interventions make it less efficient. This is a case where "free" is actually hurting efficiency. Letting people trade on private info strongly hurts the market, leading to less liquidity, hesitant investors, and money stolen from everyone else.
I'm really surprised this video doesn't have more views, this is one of their best yet!! The algorithm sucks
I loved the "I probably have more followers than you." and the look on Dan's face. Power move little buddy.
Even better that it’s true (at least on twitter!)
I believe that Ro Khanna represents California District 17, not District 12 (Barbara Lee)
alright stop yelling (this person with the bunny prof pic is right)
I really like the small text that floats by Dan's head with funny commentary
I usually watch videos like this while playing video games. Because of the text, I have to pay attention see the gags
2:54 Missed an opportunity here I reckon. Would have been funny to say "So I drank some coffee (black) and hopped on a hound (grey)..."
And went to the Capitol (white)
Bro, that that congressman going on a rant at 4:43 was hilarious. It’s just so funny how hollow some of people in congress are lol.
"Oh, so like, you don't rant about the border because it's a pressing issue. There's literally no room in your head for any other thoughts"
I don't think that guy is hollow. He's supporting a bipartisan issue. He needs his voters (who are probably massive bigots) to not think that he isn't a bigot. It's his way to re-affirm that and ensure he's on their good sides. Really shrewd imo.
@@ChasmChaosconsidering the reason he’s there has f*ck all to do with immigration and he barley even got a word out before he went on that rant, it’s like he’s an AI robot with human skin stapled to it with prerecorded responses to make the plebs he’s trying to manipulate into empowering him cheer him on.
@@ChasmChaosliteral human trafficking and drug running crisis "muh bigots!1!"
4:36 that pulling handshake is so uncomfortable
Thats a wild answer to the small talk question, "how are you doing today"
It's trench coat Friday everyone!
If they perscribe index funds to the general public, politicians should lead by example and only be allowed to invest in index funds.
Just want to throw in a little note for Dan & co: I saw the podcast from a few months ago with (ahh I forget who hosted) where you were talking about shooting on iPhones and how it related to the unique style of this channel. I noticed the bump in camera quality from this video, and although I think it represents an evolution in your style, I like it. Good cameras and the increase in in-person interviews are changes that I’ve liked, and I don’t think they ruin the style you guys have going on. Keep it up!
You've really been hitting it out of the park with these mini-docs man, well done, such important content
You were in DC and didn't tell me? I would have invited you to a feast
Don't eat Dan please.
greed is truly the root of almost all evil in this world.
I think you'll find that capitalism (aka incentivized greed) is the root of all evil in this world.
Greed isn't a part of human nature, its a part of capitalism
yup
@@tempejklhahahaha
Right so when Breznev implemented his cadre doctrine it was just capitalism eh?
@@tempejklSo obviously wrong. Greed has been very prevalent throughout human history, before capitalism. It's absolutely inherant in human nature. A better way to look at it is: certain societal structures exploit our capacity for greed more than others. Systems like capitalism exasturbate the problem, but not create it
Slight correction Rep. Ro Khanna is from district 17 of California, not 12
hmm, i think you are either really tired or on drugs
The multiple failures of these bills makes me think that they’re more about political posturing than about enacting real change. It takes relatively little effort to throw together superficially groundbreaking legislation, only to shrug your shoulders when it immediately dies during voting. The politicians get to look like they’re fighting the good fight for their citizens, while maintaining a status quo that clearly benefits only them.
The bill to ban TikTok went from introduction to a vote within 1 week. The true reason being that the US cannot allow a massively popular social media platform with an independent algorithm that prioritizes non-State sponsored media to exist. When it truly matters, the political machinery can really haul ass.
"If voting actually changed anything, they'd do away with it"
It’s also that a lot of politicians sitting on “the other side” cripple real change legislation so that it can’t be effective, while the side that proposed it knows this is the best deal they’ll be able to get for now and hope that down the line they can get more to beef up the legislation.
@@tempejklthey’re trying to with ID laws and minimizing what days you can vote as well as crippling absentee ballots. Voting works (slowly) which is why they’re trying so hard to convince you it doesn’t.
No because they’re already doing too much blow
Yeah "it's not about a vow of poverty", guy what? You make 10x the average salary and probably get a cushy pension you don't need to be investing, buy bonds then at least you'll have an incentive not to destroy the USD
It’s not quite apparent but you are doing news 1000% better than news outlets and most journalists. Great work. I hope your channel’s popularity really skyrockets.
We have now fully investigated political stock trading and your mom. What should we cover next?
Corporate ownership of housing. We're in a crunch up here in Canada, and I'm sure you guys down south aren't doing so hot either.
There's this one news channel that just needs investigating. Could you please investigate them and their lead singer Dan Thomas? Thank you for all the good work you do.
Pin
My mom again
Cover your mom
thank you for covering this, 1990's Topher Grace
The quick brag that he drank black coffee almost made me spit take my own coffee.. half and half.
I'm re-watching old videos while you don't release a new one. You have become my favorite channel on TH-cam, and I'm here since it'd beginning.
"Our lawmakers in Congress need to know as much as possible about the stuff that's going to impact our lives... but more importantly, our financial markets" 😂😂😂😂
15:16 my man is legit acting rn😂
I think members of congress should be able to trade on index funds or wide market accounts. Especially since it incentives them to ensure the total US economy is healthy rather than individual companies.
Or just put their assets in a managed trust, this is what we ask presidents to do with any companies they have during office.
It's not just access to information about the market that the general public will never know in time, it is the fact that they can affect and manipulate the free market, and their personal interest in seeing certain companies succeed or fail will affect their policy voting decision
meanwhile if you or a member of your immediate family works for a store that sells lottery tickets, you're not allowed to win the lottery.
3:06 the jaw clench got me 💀💀
"rival news TH-cam channel, 60 Minutes..." Ha hahahahah 😂
Subbbbbbbbbbed. Finally a reputable news organization covering this topic! Glad to see you blowing up.
0:42 APPLE SHARK SPECIAL FEATURE
these are jail time crimes
The answer is no, conflict of interest.
You handled that comment about the border really well, it showed how crazy out of pocket it was without mocking the guy and maybe hurting your future interviews
Dan almost broke character when heard the unenforced penalty was only $200.
9:12 made me spit out my juice, like bro wtf you calling out my mom like that 🐋
Not that i distrust sharks.
But that man was certainly *not* a whale.
So excited I can watch you on Nebula now!
There's absolutely no reason why legislators should be investing in anything more specific than total and "maybe" broad market index funds.
I can’t put a finger on your journalism style, but it is absolutely brilliant and so well done. Discovered you after your video on I-Banking. Great work!
My belief is that federal politicians should make $500,000/year with the stipulation that they hold no job in office, can't work as a lobbyist for a minimum of five years (essentially killing that career option for all but a few), can't trade stocks themselves, and the investments of their immediate family members are public record while making insider trading illegal for them.
Yes, there definitely is wiggle room for cheating, but it's much harder, and the role of plausible deniability narrows drastically.
Nah, they should make minimum wage so that they have to actually increase minimum wage to a livable amount.
@@cron1807 the only people in congress would be independently wealthy if that was the case
@@NotTehJonThe mindset of consistency and grit required to become independently wealthy (assuming they're not born into generational wealth) is what Congress needs.
@josiahcaterino the people with that mindset are not at all incentivised to join politics, it's going to be people predominantly born into wealth taking positions.
@@cousinpatsey2471 That's a fair point.
*GREAT!!!* (underline, bold print, 3 exclamation points) work!!👏👏👏
I thought Dan is only doing his signature “intrested, yet zoinked out” face during online interviews 😂 It must be confusing in real life as well 😅
It's a free market, except if you're a market maker, you don't get to trade in that market. The SEC calls that insider trading.
Beautiful example of rules don't apply to the rule makers.
If auditors cannot trade stock of companies their companies are auditing, why can politicians?
Love your Carmen Sandiego outfit. Or Dick Tracy. Either or I know your inspirations. It fits the subject. Your a true detective in my eyes. We need more people like you.
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas..
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
I self-managed but suffered heavy losses in 2022 so I knew I couldn't continue that routine. I consulted a fiduciary financial advisor & by restructuring and diversifying my $610k portfolio with dividend-paying stocks, ETFs, Mutual funds, I significantly boosted my portfolio, achieving an annualized gain of 35%.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Elisse Laparche Ewing is my licenced Advisor. She has years of financial market experience under her belt. You can book a session/call with her desk.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
It's funny to hear, "rival channel 60 minutes," but the growing appetite for unfiltered news like this will actually probably propel this channel to be bigger than 60 minutes in the near future, like not a joke. You're hilarious, but this is actually extremely well done.
Scott Perry jumping into the interview to relate march madness to the southern border was crazy 😂
Actual Good Work, keep it up ^^
I don't think anyone in their extended family should be able to trade
How is that fair to their extended family? They have no say in what their family does for a living. I think there should just be much stricter insider trading monitoring
The ban should also includes trading under a small corporations or trust !!!!!
@@steflift5165Why does anyone need to trade? A company should be owned by it's workers, not lazy people who don't work
These are getting better. Gooder work.
I wanna see Congress ppl having term limits just like the president. No one should hold a position of power in government for as long as some of our senators have...
Actual journalism, funny journalism. Nice!
Dan is a national treasure and needs to be protected at all costs.
This is the stuff I like when TH-cam recommends to me. Great video
If you are not in the financial market space right now, you are making a big mistake.I realize that it could be due to inexperience, but if you want to make your finances work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH... Stock)
Same here all thanks to Mrs Jeffrey Kathryn, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
How please I'm pretty new and feel I have much to learn, I would appreciate if you show me how to go about it?
But trading gets risky and a lot of person loose funds to it
That's true, but the risks are minimal when you make those moves with the guidance of a professional. People still make huge ROI on a daily
This is when Good Work gained a Good Subscriber