The Tucker Carlson Show - Nancy Pelosi Stock Tracker Chris Josephs: How to Get Rich by Investing Like a Politician

Episode Date: February 26, 2025

Congress is even more corrupt than you may understand. Chris Josephs runs Nancy Pelosi Stock Tracker on X and has all the details. (00:00) The Man Behind the Famous X Account, Nancy Pelosi Stock Trac...ker  (02:53) The Senator Scandal That Started It All (11:47) How Is Nancy Pelosi’s Net Worth So High? (29:10) How Pelosi Outperforms Professional Stock Traders (34:12) Dan Crenshaw Is Out of Control Paid partnerships with: Beam: Get 47% off for a limited time using the code TUCKER at https://ShopBeam.com/Tucker PureTalk: Get an iPhone 14 or Samsung Galaxy for $0 https://PureTalk.com/Tucker Learn more about your ad choices. Visit megaphone.fm/adchoices

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Starting point is 00:00:48 totally real. We're just talking off camera. It's like at 55, it's shocking for me. It's hard to accept how corrupt the leadership of the country is. It's like I almost can't metabolize it. But I don't think anything has put it into clearer relief than what you have done. so you run nancy pelosi stock trackers it's incredible i'm first i'm really glad to meet you yeah no and you know that you're real um who are you where are you from how'd you how'd you do that how'd the whole thing start i mean i'm 29 now at 25 would i say that you know looking five years from then i I'll be running a Pelosi stock tracker, building an app with the slogan, invest like a politician, having that thing become a thing?
Starting point is 00:01:50 No, I don't think I would have ever gotten to that. So at 25, I was actually living in Bali. I quit my New York City job when I was doing finance. And I started working on my family company where we would sell sports compression products, like little ones with numbers on them. Custom ones that you would get for your kid for, you know, peewee football. Yeah. And I was so sick of the finance grind in New York that I was like,
Starting point is 00:02:12 I'm going to work on this family thing. I'm going to try and take it up to another level. I'll go travel around, move to Bali. Was working out there for probably like six or seven months. Moved back to Boston, which is where I'm from. Then went up to New Hampshirehire became a snowboard instructor was working on the ski slopes yeah there's a whole story behind it i was working on the ski slopes as a snowboard instructor where in new hampshire uh bretton woods yeah great great mountain very family family and this is my phone we're all up there um
Starting point is 00:02:42 and then when covet hit moved back in with my family. And then that's how I connected with my co-founders, Brian, Aaron, and Scott. They're out in LA. And there's a whole story on how I essentially connected with them, which we can get into. But we started building an app together. And long story short, I'm sure we'll get into the majority of this stuff. We essentially built out on a tech side, the first way to follow your friend's stock portfolios. So if you had a Robinhood and I had a Webull or a Fidelity, we would connect it to our app and you can get push notifications of when a trade would happen. I was the co-founder of it
Starting point is 00:03:14 and I was in charge of the growth. And one obvious way to do it, this was during the GameStop era, was let me build a Nancy Pelosi portfolio. I'm seeing on Twitter, I'm seeing on TikTok, I'm seeing on Instagram, politicians crushing it and them getting called out for their trades, especially during COVID. I never will forget it. Yeah, you covered it, the Richard Burr. Yeah, I knew Richard Burr.
Starting point is 00:03:38 I was never against Senator Richard Burr of North Carolina. And I saw that and it looked like corruption to me. I was disgusted by it. They got investigated by the DOJ, investigated by the SEC. Nothing happened. And that story is insane. And I think that story
Starting point is 00:03:53 was where it really started to get... Can you just give us the outline of it for people who forgot? Yeah, yeah, yeah. So, Unusual Wales, he's an account on X. He was the one that initially started all this.
Starting point is 00:04:01 So, the Pelosi tracker came... You know him? Yeah, yeah, yeah. We work with him. Great guy. I love his... I don You know him? Yeah. Yeah, we work with him. Great guy. I love his. I don't know his name or anything about him, but I love that feed. Obscure guy.
Starting point is 00:04:11 Doesn't want the world to know about him, but he actually deserves so much credit for this stuff. I don't think anyone would be. Unusual whales. Unusual whales on Twitter. Yep. He is the one that would essentially call them out at the beginning. He started the Pelosi tracker in a way. He was calling out the politician stuff. And then the Pelosi tracker came probably in 2022. But he started in 2020. And I think Richard Burr, scandal. You covered it at Fox News. The story is on February 7th, 2020, he wrote an op-ed with another Senator saying, hey, Americans,
Starting point is 00:04:53 don't worry. COVID's not that bad. We're keeping an eye on it. Everything will be okay. While he has and writes that op-ed, he's getting insider kind of details because he sat as the chairman of the Senate Intelligence Committee while he was writing that op-ed. So while sitting as the chair of the Senate Intelligence Committee, he's getting private meetings saying, hey guys, COVID is actually way worse than we think. This is not going to end the same way that people expect. Be ready for some sort of rapid response. And the head of SSCI, the Senate Select Committee on Intelligence, is a major player.
Starting point is 00:05:29 He's not just an average senator. Like, that's a very important position in Washington, in this country, in the world. And so he would have access to a lot of information that fellow senators wouldn't have access to. Exactly. And he was tasked with partly, like, get ready for a response. You know, like, once COVID hits,
Starting point is 00:05:44 we think this is going to be bad. Get ready for a response you know like once covet hits we think this is going to be bad get ready for a response have the like your materials ready to to tackle this situation so he probably knew the severity of it to a 10 10x what the everyday american and also probably what other senators and um representatives did as well so if you follow the timeline though february 7th is when he wrote that op-ed. February 13th is the day that he went and he sold off $1.65 million of his entire retirement account.
Starting point is 00:06:13 So a week after he told the American... It was his retirement account. Yeah, not only just a normal kind of investment account, his retirement account. He sold the whole thing. Is it fair to say for non-investor, just to inform the rest of us who are not familiar with the details, to sell off your retirement accounts? You're not dicking around at that point.
Starting point is 00:06:28 No, no, no, no. Yeah. The retirement account is something you don't touch. Those are the simply buy and hold, never touch them forever. But selling off that to that degree is extreme. And I think is what caught a lot of people's attention of like, you don't just do that. You don't just do that. You know what? Yeah. You don't just do that while you're the chair of the Senate Intelligence Committee,
Starting point is 00:06:49 you know? But to make this, this is why, this is what I get passionate about. It's like, I'm not even a political guy. Like, I'll tell you the whole story of how this started.
Starting point is 00:06:57 I didn't grow up being obsessed with politics. I just, citizen journalists kind of see the opportunity to be like, this is fucked up. We should stop this. The story though, then goes, February 13th, he sells off 1.65 million. 30 minutes later, he calls his brother-in-law.
Starting point is 00:07:13 And him and his brother-in-law have around a two minute conversation. The brother-in-law hangs up the phone, calls his financial advisor. His financial advisor doesn't pick up. He then calls his second financial advisor. They pick up. He then calls his second financial advisor. They pick up, they have around a 30 second conversation. He then goes off and sells off $265,000 of his own portfolio. So now you got the Senator who's the head of the Senate
Starting point is 00:07:38 intelligence committee calling up his brother-in-law, them having a conversation, and then the brother-in-law going and selling off 30 seconds after that conversation. Now, I don't, that's sketchy as hell to me. The weird thing is that I know the brother-in-law was my neighbor and a super nice guy. And I sort of knew her, not really, but kind of, you know? And so when you live in, and I'm only saying that, it's not unusual that I would know them
Starting point is 00:08:02 because I lived in Washington my whole life. But that's kind of one of the reasons we have all this corruption is that everyone knows everybody else yeah yeah and it's just impossible to believe that someone whose house you've been at many times and i have would do something like that it's just hard the closer you are to something the harder it is to like having an alcoholic spouse like the last a thousand percent and like the other argument to be had is like you know around february 13th i don't remember it you know i don't remember the headlines that were coming out like how extreme was that if you're the brother-in-law of course you sell out you know it's like it's not like you're necessarily gonna listen to that
Starting point is 00:08:34 read all the headlines and do nothing about it so it's not even necessarily his fault for selling and i don't think like that's where the insider trading necessarily happens i think the culprit is the person who uh makes that initial phone call which is i think where the investigation of course so then what they do with the money uh they keep so they that happened on february 13th um and then the the storyline goes they started having private richard burr started having private conversations with his donors and then the donors were starting to set all this stuff up a month later that not even a month three weeks after that around march early march is when the market fell 30 and they saved
Starting point is 00:09:10 themselves millions um that all gets blown up because of again unusual whales the scc gets involved the doj gets involved they then find nothing well they find all this information that's how we know about the text the fbi came in but they don't charge them with anything nothing happens richard burr retires and you know it's just like again we were chatting about this off camera i'm 29 i grew up with this i'm not surprised by it i'm just like yeah of course the politicians kind of can build this situation where they benefit and people will come after them. They'll make a facade, no charges will happen and they'll go off into the sunset.
Starting point is 00:09:49 So I was raised during the height of empire, you know, our Victorian era and you were raised in the decline of empire, sort of the post-World War era. So totally different perspective. So you're much better situated to understand what's going on, to see it clearly, to not lie to yourself about it.
Starting point is 00:10:08 That's crazy. So Burr, just to let you know, since I'm from D.C., I don't think the head of the Senate Intel Committee can ever be charged with a crime because he knows too much. He had to step down, too, while he was getting investigated. But yeah, I mean, I believe it. Wow. So you're watching this just at home because you said you're not political. Yeah. I'm watching this at home while I'm building the social investing app that at the time was called Iris. So that's what's funny
Starting point is 00:10:34 about it. I, you know, we run the Pelosi tracker. I'm not a political guy. I'm just an everyday dude. You know, I'm 26 moved out to California to build this with my friends. And then the politics stuff starts happening. And our mission with our app is to try and instill trust back into institutions. And we always wanted to do that. And our bigger picture was financial management and that whole space. But then we started seeing the politics stuff. It's like, this is incredible that they're able to do this. We have technology and we have the team that we can actually build a way for us to get involved with it and what better way to highlight like the hypocrisy of politician stock trading than to build
Starting point is 00:11:14 a way to actually copy them and invest alongside them and that's how like how our app started but at the time no none of that and by the way way, it's hilarious. Yeah, I mean. It's just hilarious. It shouldn't be. No, I know, I know. It's crazy. You have to laugh at tragedy. I know. It's working. Like, I'll get into the whole thing about how, like, this, Pelosi crushed it.
Starting point is 00:11:35 She was up 54% last year. We got half a million, half a billion dollars invested alongside her, where the app is too popular. It shouldn't be this popular with just like a slogan invest like a politician but i think it perfectly encompasses and showcases like the slogan of what's wrong with society right now it's not only do we not trust politicians we now are at the point where like throwing up our hands like fuck it you know if you guys aren't gonna ban it you're gonna keep doing it we're gonna build a way to get in on the action and what better way to do it and highlight
Starting point is 00:12:07 the epoxy than copying them you're breaking my day yeah i mean i again though if i can snap my fingers and have it just go away of course but you can't unfortunately so okay so you see this and you decide that this is going on, that there's corruption, that people, that politicians are supposed to be protecting and serving the country are actually using this information to their own advantage while the country rots. How did you discover that Pelosi was a then Speaker of the House was particularly successful? Yeah, Pelosi. So Pelosi gets a lot of headlines for obvious reasons one millions million and massively outweighs the what the other politicians are trading and i'm talking like she's trading 50 to 60 million while everyone else
Starting point is 00:13:01 is trading smaller amounts what when she got married um i think it was in 2012 and there's a whole arc for her she got married in 2012 to paul paul pelosi xvc no no she's been married to paul pelosi for decades oh has she then uh when okay then when they got married i'm mixing up 2012 is when the stock act started right that's when they had to start showcasing it um when she got married to paula they were worth around 20 million their net worth their net worth now is around 260 million so you're 10xing that how she's been a career-long politician making 175k her husband's very very successful and you know in stocks particularly tech stocks. It all started with her in 2020 when she bought Tesla.
Starting point is 00:13:49 And this is when I personally started paying attention. And then there's, you look back and it's like, holy shit, this has been going on forever. And that actually started back in with the Visa IPO. So with the Visa IPO, she and her husband were able to get privileged ways to buy in on the IPO. No one knows how. No one knows why. And then the stock absolutely crushed it. So that was brought up on a 60 Minutes interview. And that was that iconic interview from the reporter asking her, like, do you think this should be allowed?
Starting point is 00:14:21 Is this fine that you got in on the Visa? And then, you know, this is 10, 12 years 12 years ago nothing necessarily happened uh again 2020 comes around covid so people already necessarily know about her she now starts trading stocks again and it's getting blown up on social media because while everyone's with covid what are they doing they're on social media and they're trading stocks so now everyone's like acutely watching these things and paying attention. She in end of 2020, right after Biden got elected, she went and bought up to $5 million of Tesla calls. And I can go on forever about the details of these things. She's not just buying stock.
Starting point is 00:15:06 Well, her husband's not just buying. She's buying these things called leaps. And what a leap is, is a options contract that allows you to buy a stock and be bullish on a stock at a much cheaper cost basis. So instead of you needing $5 million to buy X amount of quote unquote risk in a stock for it to go up, you can actually take that five million dollars and buy a leap and it gives you a broader delta so that you can make more money yeah essentially higher risk high reward so she goes and she's buying these leaps she's not just buying the stocks in them she buys leaps in tesla at the end of 2020 um right after biden got elected
Starting point is 00:15:42 2021 comes around, or excuse me, 2019 into 2020, because that was when Biden started. There's so many dates. But when Biden's first few weeks in office, he introduces the Build Back Better 1.3, 2.3, whatever massive infrastructure bill. Do you remember that one? Very well.
Starting point is 00:16:01 Part of that bill had tons of not only subsidies for the electric vehicle industry, but also money to build out and invest for the charging ports for electric vehicles. Because, you know, you can't just tell people to go buy electric cars. You need to have the infrastructure. So when you start following the timeline on it, it's like, okay, Biden gets elected. She buys up to $5 million of LEAPs, which are very risky in Tesla. That agenda then comes out. The stock flies 50%. So it's not like she's actually buying things that the public wouldn't necessarily know about, but she's buying things in a high risky way
Starting point is 00:16:42 with a ton of money in ways that the public now is paying attention to because, you know, everyone's trading stocks and they're watching Tesla, Elon. That was when the thing started blowing up. And that was the first trade that probably like I think re-triggered everyone's mind into like, wait a second, you know, this may not be the sketchiest trade in the world because those things were still public. But how are they allowed to necessarily do that? How is Pelosi, the third most powerful person in America, president, VP, the house, the head speaker, they shouldn't be allowed to trade stocks. How are we allowing that? And I think the culmination of those different intersections is why this started getting big and why people started paying attention specifically to Pelosi. How did she do on those leaps with Tesla? So she was up around 50% and then she sold a little bit and then it came back down and then she actually just sold those shares. Because the way that a leap works is if you're
Starting point is 00:17:42 buying a contract and that gives you the ability to buy a hundred shares of that underlying stock, it's pretty complex-ish. So when she bought the leaps a year later, she exercises the right to buy those shares. So now she has, I think it was around like 5,000 shares of Tesla. And she's held those all up until July of 2024, this year, actually. And she sold them too early. She sold them before Trump got reelected and the thing started flying. But I think she was up around 40 to 50% in total from that Tesla trade. Her best ones are NVIDIA. NVIDIA is a whole nother story for her. But on that Tesla one in particular, I think it was like 40 to 50. When you sleep better, you live better, you feel better, and you live longer. Sleep is really important, but there's a lot acting against us who are trying to get a good sleep, starting with screen time.
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Starting point is 00:21:18 popular stock and the best company i think they're worth more than apple now they're the most valuable company in the world they sell the chips for semis and like they have a whole broader thing beyond just that, but essentially they're a semiconductor company. They buy and sell chips. So in 2022, that's when the Chips Act, if you remember this $54 billion chips bill that Biden and Pelosi pushed, she bought, and this is where social media again why it's powerful and the pressure started building up to her at this point because people were following the trades the markets were crashing it she was crushing it in 2021 um when 2022 came around the chips act comes out 54 billion dollars of infrastructure for chips and subsidies for them she bought
Starting point is 00:22:03 nvidia i think a couple months before that oh come on yeah yeah it's this the problem with her is every trade is suspicious there's never a trade that you just are like okay you know i could not and i'll get into them without uh there's a couple more i can get to but with that nvidia trade in particular she bought it the chips act comes out we start making tiktoks we start tweeting about it. And then everyone's like, what the fuck? What's going on with that? She then sells it for a loss because the stock was already coming down.
Starting point is 00:22:35 This was when the market started falling. Yeah. And she ended up selling it for a $300,000 loss. She sold it all. Because I think the public was starting to be like, what the fuck? How are you doing this when we're already calling you out and you're still continuing to do it? She sold those things for a 300K loss. And then she sold her shares for a 200K loss. So she lost money on that first NVIDIA time.
Starting point is 00:22:55 But the interesting thing about that is per these filings and the way that the filings work is the Stock Act requires politicians toclose them their spouses and their dependents of any trade up to 45 days On that trade in particular is the only time she's ever publicly said her profit and loss so Never before never since then only in that filing was when she said hey everyone I lost 250k in nvidia get off my back kind of thing she's never done that for when she's profited she's only done it when she's lost um interesting yeah there's so many things with her she the filings she sends out are always before um holidays so she's notorious in our community for releasing reports around uh thanksgiving july 4th christmas
Starting point is 00:23:49 and i think the argument is because like if you put it on december 23rd everyone's going off to vacation of course yeah it gets lost yeah gets lost in the media drop bad news on fridays that's exactly yeah this year she dropped it on july 4th. That was when she dropped all of these previous. Happy birthday, America. I know. Yeah. But so that NVIDIA trade goes on. She loses money. The whole market was doing bad in that year. So she didn't do too well in that. I think it was 2022. 2023 comes around the market starts going up again and we have all this information which i could probably get to but she then rebuys into nvidia at the end of 2022 um or at the end of 2023 excuse me in november she goes and buys five million dollars worth of leaps again those leaps then right after she buys there's no um no no laws or anything that comes up after that.
Starting point is 00:24:47 It just turns out to be a tremendously well-timed trade. Because from there, NVIDIA goes up 160, 170%. And on that trade in particular, she then bought a little bit more. That $5 million, and the ranges are hard uh because the way that these filings work is they have to file from 1k to 15k is one little check 15k to 50k 50k uh to 100k 100k to 250k 250k to 500k 500k up so we're going off of the ranges so you don't know the exact amount that she's she's buying but that nvidia trade is the best trade she's ever made that we followed um in recent memory and she's up around like 140 percent
Starting point is 00:25:31 on that trade in particular and like this is millions it's not like it's you know 50k it's up to five million dollars that five million dollars could be worth 7.5 million now uh and she's just quiet about it doesn't say anything when we call her out how long have you been doing this we've been doing it since 2022 so we've tracked her in particular and let me be clear it's not just her no i know i've got a bunch of questions yeah crenshaw and um but yeah we've been tracking her since 2021 you know you look at if i to the Congress, who are the filthiest members of Congress? Well, Dan Crenshaw would be right at the top with Pelosi. Yep.
Starting point is 00:26:09 And it's not surprising that they're- No. And he's interesting because- Wait, hold on. Before we get to Dan, he's his whole thing. Yeah. But I just want to close out Pelosi for a sec. So you've been doing this for two and a half, three years on Pelosi.
Starting point is 00:26:23 Yep. And gotten, you said you've never done an interview before, which is very weird. No, no. But a lot of people I know read you, you know, a lot. So she's gotten a lot of scrutiny because of what you've done. Has her office ever reached out to you in any way? No, the office has never reached out. And again, like the crazy thing about this stuff is we took this whole thing a step further by building our app Autopilot.
Starting point is 00:26:48 And Autopilot, the way that it works is you literally can go and invest alongside these politicians. So it's one thing to be like, oh, fuck you, Pelosi, you know, you're trading in front of us. And then it's like, oh, wait a second, you're crushing it. Like, whoa. And now it's like, now I can invest alongside them so I can get in on the action. And I think like allowing people to get their money in makes the whole thing kind of just more hypocritical and funnier. So Pelosi, since we've been tracking her is up 87%. That's from, I think around May of 2021, outperforming the spy by 50%. Since in that time
Starting point is 00:27:24 period, since we've been doing this thing we now have 300 million dollars literally investing alongside her people have profited 30 million dollars trading doing whatever she does in that time period give or take and her public her office has never reached out she's gone on you know been questioned in the the press conferences being like do do you think UN members of Congress should be allowed to trade stock? And she's like, yeah, well, it's a free economy. Like if it's a free market, we as citizens should be able to trade. But of course, it's not a free market. And her example shows you what a rigged market it is. Yeah, of course. I mean, she's so,
Starting point is 00:27:59 yeah, she's benefiting from information that she has because of her position. She's not allowed to do that. She does it anyway. It's a crime. She should be prosecuted. It's certainly a moral crime. So give us some perspective. So she's up this fantastic number relative to like average investors, informed investors. Like how well is she done? So last year in particular, and this is is probably we and let me be clear so we're
Starting point is 00:28:25 not tracking since it's hard to know the exact amount and uh it's hard to track her actual trades so what we track is the filings of it and they're roughly the same because they they don't they don't get displayed or um filed too too long after so in for example, she was up 54%. The market was up around, I think like 26 or 27. So she personally outperformed the stock market, the broader S&P by 20%, 25%. We also have these other trackers that track the hedge funds. And there was a report from Bloomberg where she actually outperformed, I think, like 95% of professional hedge fund managers. And when you take a step, it's like, what is good? The politicians, Unusual Wells has a report in 2024, and she was only the seventh best trader.
Starting point is 00:29:18 There were traders that were better than her. Well, the funny thing, I was talking about this yesterday with a buddy of mine who's in business, but you often see retired politicians decide they're going to go get rich in business. Yeah. In finance, usually, but, you know, in some form of PE or whatever that they think they're going to be. And they are all terrible. Like, there's not been, we're talking about Pompeo thinks he's going to get rich. And like, no one wants Pompeo because he's like an idiot. This is not his area.
Starting point is 00:29:40 And he's, well, I should say he's not an idiot. He's smart. But he's not a business guy no and politics and business are very different so it's especially striking to see paul this is the only way politicians can make money is through insider trading yeah i know is that fair to say pretty much yeah it's that or books exactly it's a book and honestly netflix specials now yeah the the clintons with all that stuff but she again is extreme because you just trade so much the other politicians they're trading on lower levels
Starting point is 00:30:11 and but i think like the the bigger thing that we're trying to do with all this stuff is like we don't want them trading again like we think that it's messed up it creates distrust in the politicians of course it's not like we don't me personally it's not like i am you know saying hey you guys can't do that because you're getting rich like obviously that's a piece of it but it's more of like hey you guys can't do that because the average american can't do that and we're all just looking at you guys well it also influences their policy making behavior yeah i mean the of course it it sets up incentives that you don't want to have in your legislative branch at all yeah yeah and you know the same like uh show me the incentive i'll show you the reward it's like that's exactly right you're gonna the war ones are
Starting point is 00:30:55 crazy too like there's so much that you can get into i've trouble laughing at that yeah that actually makes me feel like these people are going to hell. But I want to ask about that in two seconds. But first, you said she's the seventh most successful congressional trader. Who are the others? In 2024. So the other ones off the top, and this is all on Unusual Wills' Twitter. We work with them. He actually took some of the portfolios and he put them on our app. So now people can go in and they can trade alongside not just Pelosi, but other ones too. David Rouser was the top one. And I think he made a lot of money in NVIDIA. He also owns some other smaller ETFs. So he doesn't trade that much. So these are stocks that he's owned for a while. Debbie Wasserman Schultz, she's now a two-time top five political stock trader.
Starting point is 00:31:48 Speaking of filthy yeah yeah she she gets a we so we run the pelosi tracker and we also have a politician trade tracker on instagram and tiktok that each have you know 800 000 on tiktok we have around 100 000 followers she gets people don't like that woman um well nobody likes her yeah so she was bounced out of a leadership position in the democratic party because people disliked her so much personally yeah and she honestly is one of the the five or six that i personally track like that i know a decent amount about because of how many times she has conflicts of interest which what she trades uh for example she bought this company called viasat and what what Viasat does is they're a military contractor. They're like a Starlink, like Elon's thing.
Starting point is 00:32:28 But they do the communications for the military. They get hundreds of millions of dollars of contracts from this or that. She sits on the committee that oversees military construction. And it's like, I'm watching you trade this stock, even aside from performance, I'm watching you buy and sell a military construction company while sitting on a committee that oversees military construction. How is that allowed? I don't know. Another one was she bought a mining company called Helka Mining with ticker symbol HL, that stock has been fluctuating here and there. And I think she is up around 15% on it.
Starting point is 00:33:08 She sits on the energy, one of the energy resources committees. And it's like, what are we doing? How do they allow- What are we doing? Well, we're watching corruption happen and it's destroying any confidence people have in their government.
Starting point is 00:33:24 It's priming the country for some kind of revolution, hopefully a peaceful one, but a revolution anyway. This can't continue in a democracy. So tell us about my all-time favorite member of Congress, Dan Crenshaw. Yeah, yeah, yeah. So he's a tough one. He's a hothead on Twitter now. He's out of control. Yeah, I don't understand why he's taken this's a tough one he's a he's a hothead on twitter now he's out of control yeah he's i don't understand why he's taking this stance a little bit because i used to be personal life is out of
Starting point is 00:33:50 control yeah because he used to be like a right-wing darling like he was you know the with the navy seals i think early early on i again not with me i always thought he was a freak and a warmonger really yeah weirdo yeah he's a freak and a warmonger yeah but he's showing it now um did you see the free press he did where uh we posted this he essentially comes out he's like supporting politicals politicians stock trading he's like if you get rid of it you're gonna get crappy politicians and it's like what are you talking about you know like we're not asking you guys to that's that's like saying i get paid if you don't allow the police to shake down speeders at gunpoint you're gonna get a worse kind of cop exactly yeah it's crazy it's it's yeah so he had a fiery one um with the free press probably about like two
Starting point is 00:34:37 months ago right before thanksgiving i saw that um his portfolio though in particular he's up around like 48 to 50 and all of this I've got to say this for compliance reasons, you can see all this on our app. It's all right there. So I may kind of be, depending on the day, but he outperformed the market. He was right below Pelosi. But he's an idiot, though.
Starting point is 00:34:57 I mean, with no business background that I'm aware of. So how would you do that? His stocks, the one that in particular that really frustrated me about him was Meta. So the stocks that he's buying is, his portfolio is comprised of Meta, which he's crushing it up like 200%. He bought the dip perfectly back in 2022, I believe. Like pretty much perfectly.
Starting point is 00:35:19 The things started flying. He bought Amazon. He bought FAS, which is like a finance ETF. He bought the SPY and then he bought W he bought fas which is a uh like a finance etf he bought the spy and then he bought wind resorts and then he bought some other company the the stock though that crushed it for him was meta and the part that i get annoyed about you know aside from tiktok bands this and that you can't he buys the stock. A couple months later, starts pushing and publicly vocalizing like,
Starting point is 00:35:51 hey, everyone, we should ban TikTok. And it's like pretty convenient to say when you own TikTok's main competitor. And every time you're saying that, the stock's going up 5%. He then goes off and starts asking for the ban on, and again, I feel like I'm pretty pro ban TikTok, so there's a whole world with that. But he then goes off and votes against the bill to ban TikTok. So now you got a politician that is buying TikTok's main competitor, Meta. You're then publicly talking about how you want to ban it from government, from government officials,
Starting point is 00:36:25 phones to then voting on the bill to ban Tik TOK all while the stock has gone up 200% while you've owned it. And this is like, you're shocking me. Yeah. I'm numb to it. And when, and when he gets called out on it,
Starting point is 00:36:40 and this is one of the reasons I dislike him. And I do think that he's there's, he's, there's a lot wrong with him personally. So I do feel sorry for him. A lot wrong. I mean, I know that. But anyway, leaving that aside, the reason I don't like him is because he's self-righteous.
Starting point is 00:36:54 Yeah. If I catch you shoplifting and then you punch me in the face and scream how you're being victimized, I can't deal with that. Just admit you're shoplifting. Say sorry and I'll forgive you and move on. But don't yell at me. Yeah. Or even just help the conversation. Be like, yeah, I mean, if you guys are allowing us, like, I'll vote on it, this and that.
Starting point is 00:37:11 Like, just be open and be transparent about it. Yes. You don't have to attack and, you know, gaslight. No, that's exactly right. That's exactly right. And boy, is he a specialist in that area. Yeah. Yeah.
Starting point is 00:37:22 The free press one, I'll send it to you after. I've seen it. Yeah. Oh that area. Yeah, the free press one, I'll send it to you after. I've seen it. Yeah, that one gets my blood boiling because it's like, what frustrates me about this stuff is you can't sit on the committee. You can't be voting on these things. You can't be doing all this stuff
Starting point is 00:37:36 in front of the American public. Meanwhile, I have a friend that is a consultant at EY or Deloitte. He can't trade individual stocks. I gotoitte. He can't trade individual stocks. I got friends in banking that can't trade individual stocks. It's like, why can you not let the low-level analyst, the JP Morgan, buy Apple? Meanwhile, you got these politicians buying up this $500 million military construction company all right in front of us. I know the answer.
Starting point is 00:38:05 Do you want to hear the answer? Because after the financial crisis that Congress helped cause, Congress runs in with Dodd-Frank, you know, Chris Dodd and Barney Frank, member of the Senate, member of the House,
Starting point is 00:38:17 both Democrats, and they come up with all these regulations that are supposedly going to protect America from future disasters of this kind. And they, you know, pass these so-called reforms, destroy the banking sector, really. Don't make it less corrupt. Just kind of wreck it, take all the innovation out of it. And then they don't apply those same standards to themselves.
Starting point is 00:38:37 Right? I mean, that's kind of the short- Rules for the, not for me. Is that a fair- Yeah, 100%. And the history of the Stock Act act that started because of the housing crisis yeah so it was initially introduced in 2006 and the stock act literally what it says is stop whatever um stop trading on congressional knowledge that's what it means so if you have
Starting point is 00:39:02 a bill that literally says stop trading on congressional knowledge as the name of the act you know that there's something already sketchy going on and why was that not a thing to begin with and so what happened to it so in 2006 it got introduced no politicians cared about it you know whatever after the housing crisis they found out and they realized that there were around 33 politicians that set their portfolios up after talking with the officials at the Fed and the people building up the military policy. They reconstructed their portfolios while that whole crisis was going on. They didn't have to display or publicly talk getting out of the meetings with the Fed officials. So that's how it came back onto the center stage. The Stock Act then gets introduced in 2012, and then it gets passed shortly after that.
Starting point is 00:40:02 What is crazy in my head, though, is like, what the heck was going on before it? Yeah. Like, what do that I think was we were talking off camera, like our generation, we grow up with it and we're used to it now because of things like that. It's like, how can they have not had any limitations before 2012? What were they doing? You know, I can't answer your question. Clearly, it's been very corrupt for a long time. Well, they murdered the president of the United States in 1963, and no one was ever held accountable for it. So, you know, looking back, you can say,
Starting point is 00:40:37 boy, we've had big problems for a long time. But I can tell you, as someone who grew up right in the middle of it in D.C., in Georgetown, all this stuff was going on like when when uh that covid those covid trades you started our conversation by describing kelly loeffler was involved in that all this stuff i was like part of me even i think i was the only person at fox news who did anything on it because yeah it's a great story but even as i was doing the story i was like this there's got to be another explanation this can't be real that that was on a pandemic yeah insider trading on a pandemic like i was like you have to be a monster to do that like this can't actually have happened that was me with the pelosi tracker every day in the early days i'm just i remember a couple of these trades and there's so many now but i remember calling my dad up and i'm like wait a second like is this actually like are they actually trading it's not just mike mccall i can't
Starting point is 00:41:32 remember the specific trades i think it was him but uh no one where i say here i'm talking about poor dan crenshaw who's just like totally unbalanced that won't end well but mike mccall is like now we're getting really sinister yeah Yeah. Yeah. He, I'm trying to remember the trades. Because he sits on a lot of the intelligence committees. Or not the intelligence. A lot of the big committees. And he's trading millions. But it's not just.
Starting point is 00:41:55 Mike McCall? Yeah, I think so. I think so. He's in particular, because he's really hard to track. We know this in the world of us quiver quant usual whales. We're the ones that do this. He manually fills out the filings by hand. We know this in the world of the us quiver quant usual whales. We're the ones that do this he Manually fills out the filings by hand so his trades don't get picked up
Starting point is 00:42:16 By the majority of a 99% sure I can confirm that but yeah, he and His trades I think are weird because it's him It's the the dependent in the the spouse trades, they come in kind of as the same. So there's an argument that maybe Mike McCall's trades are from a financial advisor. But if he can tell us, you know, we tag him on Twitter. It's like, you guys can just tell us what's going on. He doesn't care. A couple of years ago, somebody said,
Starting point is 00:42:43 I was talking to Mike McCall, and he described you as a Russian agent. Really? Oh, so he's going on with it. He doesn't care. A couple of years ago, somebody said, I was talking to Mike McCall and he described you as a Russian agent. Really? Oh, so he's one of these guys. So I called Mike McCall and I said, listen, bitch, can I call you bitch?
Starting point is 00:42:52 I think I said exactly that. You told someone I was a Russian agent. I'm from this country. I feel like I'm pretty patriotic. And did you say that? And he said, yeah, I did say that because the Intel briefers told me that. And I said, how old are you, son? I he said, yeah, I did say that because the intel briefers told me that.
Starting point is 00:43:06 And I said, how old are you, son? I think he's older than I am. You believe your intel briefers? Yeah. And he said, yeah, I do. I got to give him credit. I mean, he took my call and the whole thing, but I was like, this guy is the most controlled,
Starting point is 00:43:19 scary, stupid, but also scary person I think I've ever dealt with in Congress ever. So I guess I'm not that surprised that he's... What is it with Texas Republicans anyway? I don't know. He robbed a lot of them. I mean, you go a little bit north to Oklahoma, and Mark Wayne Mullen's an interesting one, too.
Starting point is 00:43:36 What do you mean? I don't know too much about his... He's a fiery guy, too. Yeah, he was threatening to beat somebody up. Yeah, he was... Sean O'Brien. The Teamsters president, I think. Yeah, during that. Yeah, he was threatened to beat somebody up. Yeah, he was threatened. Sean O'Brien. The Teamsters president. Yeah.
Starting point is 00:43:46 Yeah, during that. Yeah, we built a whole thing. I like Sean O'Brien for the record. Really? Yeah. Good guy. I don't, so that's what's, the thing that's interesting about me, again, from my background, is I don't know anything about these policies.
Starting point is 00:43:57 I'm not like a political person. I call out, we call out the politicians, the Democrats, the new york times came out with a report in 2022 that said that 180 politicians traded over 3700 times that totaled over 110 115 million dollars of volume in uh from 2019 to 2021 out of those it was literally half pretty much half democrats half republicans so they're all doing it of course out of those 180 politicians though 90 of them sat on committees that directly oversaw companies that they traded and you're like okay well so that sounds like a conflict of interest and then that's what sparked me to get really into this and being like what actually are the trades that are going on are they outperforming why are these random companies being bought and mike mccullough in particular he checks this kind of box a lot he for example bought this stock in a company called badger meters earlier this year badger meters does a water meter solutions don't know much about it
Starting point is 00:44:55 it's just freaking water meters two billion three billion dollar company turns out that the epa a couple months to his to be fair before he bought signed a mandate saying that all these water systems have to upgrade their technology. Beneficial for Badger Meters, stock goes up. You then do some further digging and then you realize that Tulsa, Oklahoma passed a $94 million bill to upgrade their own water meter systems right around the time that mark wayne mullen bought badger meters oklahoma tulsa oklahoma is the state that mark wayne mullen represents he's the senator of it so then you're like epa passes thing passes the requirement to upgrade the water systems. Senator buys stock. Senator's home state gives $100 million to upgrade water meter systems. Pro for Badger Meters, stock is up 50%. I think he's up like 48% on that.
Starting point is 00:45:56 Badger Meters, I mean, I'm not an investor, but I've never heard of Badger Meters. Neither have I. Okay, good. I feel better. Yeah, yeah, yeah. So you have two prominent politicians in the congress buying badger meters in the same period just him oh this is just mark this is just mark wayne mullen yep and that's no other politicians are buying i've never heard of badger meters i don't know anything about the company but when you when you start just connecting all the dots
Starting point is 00:46:22 there's just too many hip like controversial like, oh, wait, the state that you represent just put $100 million to upgrade their water systems. Oh, wait, you just bought the company that specializes in upgrading water systems. Oh, wait, now the stock has been crushing on earnings and you're still loaning it. It's up 40%. He sold it earlier this year. He held it for probably like, I think like eight months, but I think he made like 50%, 40 to 50% on that stock. And again, this isn't an Apple, you know, this isn't a Google, this isn't an Nvidia, this is a water company. That's the type of stuff that we see. And you don't think it's possible he was taking tips from Jim Cramer on CNBC?
Starting point is 00:47:03 No, no. Funny enough, we have an inverse Cramer portfolio. Yeah, yeah, yeah. So the people who built this country built it because they wanted freedom. One word, freedom. They wanted freedom
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Starting point is 00:50:27 We enjoy them. You will too. So how does Kramer do relative to, say, Michael Hall? Inverse Kramer, he beats them. So inverse Kramer was up 48% in 2024. Wait, inverse Kramer? Oh, yeah, yeah. We have a portfolio that does the opposite of what he does.
Starting point is 00:50:43 Yeah. Yeah, yeah. we have a portfolio that does the opposite of what he does yeah I'm telling you we're a group of we're 15 now out in Irvine California just fucking around with some of these things we're registered with the SEC do you invest in these funds?
Starting point is 00:50:59 you can't you can and you can't I don't buy the Pelosi ones I don't like to buy the companies that I tweet about because I don't want to believe in like if I tweet this, the stock will go up 20%. Right. You know, I just don't even want to get into that world. I, though, invest in some of these other strategies. I have around 5K in a strategy provided by Quiver Quant.
Starting point is 00:51:22 Great guys. They do what Unus unusual wells does similar on instagram and twitter they uh track the lobbying so they see which companies are spending the most on lobbying in dc yeah and then they build a strategy around it to see if a strategy like that outperforms the market over time well i know what come what sector has spent a lot crypto yeah yeah i mean i mean i saw them everywhere on the road this fall. Really? We have a JD Vance portfolio.
Starting point is 00:51:48 He has some Bitcoin. His portfolio is very good. He only is in ETFs. So kudos to him. But he owns some crypto. I will say this about, obviously, JD's a friend of mine, so I would defend him.
Starting point is 00:52:03 My instinct is to defend him, and I love JD Vance. But I would say without knowing any details, he like had a legitimate, you know, career in that world before. A hundred, yeah. So you can at least say JD Vance knows what an ETF is. And also credit to him.
Starting point is 00:52:18 He, so he was a VC, founder's fund. You know, I come, I don't come from this world, but I know this because, you know, our app is venture backed. He had, again, credit to him he had money in rumble so youtube's competitor uh before he via his venture capital firm i i can't confirm this i've never met him but when he got into office before he became vp he sold out of rum. So only the stocks that he owns are just the main ETFs. Can I ask you, is there some easy or workable way for members of Congress to put all their investments into some blind?
Starting point is 00:52:54 Yeah. Blind trust. Yeah. Yes. Yeah. So this is where it gets complex. And I'd be curious to hear your take on this. So there's bills out there to get it banned. I think social media has done a tremendous job with this, with the Pelosi tracker, with all of us trying to call out with our app. It's like our app,
Starting point is 00:53:13 part of it is built to highlight the hypocrisy of just how big of a problem this is. $500 million shouldn't be copying Pelosi. If they are, that's a problem. So to credit to some of these politicians, AOC has done a lot. She's a fiery figure, but she has had two bills. She actually just released a bill a week ago called the Restore Faith in Government Act. And it calls for banning political stock trading.
Starting point is 00:53:37 There's been around five bills. It's good for her. Yeah. She had a bill with Matt Gaetz. Yeah. The bill that's got the farthest, and this is where this just frustrates me with all the stuff going on, is there was a bill introduced by Josh Howley, John Ossoff, and a couple other politicians. The reason why that one's important is because they got that to the Senate.
Starting point is 00:54:00 And in the Senate, while they were in one of the committees, the way that the bills enter the floor is they have to get passed off by the committee. This is the bill that made it the farthest. In that bill though, they offered kind of four things. First, members can't trade stocks by 2025. This was introduced in 2024. Members can't trade stocks. Second, spouses and dependents can't trade stocks through 2027. Third, any private investment you have, you have to sell out of to run to become a politician. No one has ever asked for that. That has never come up and that became a big, big problem. This is where it gets scary. And we have to be careful with like what we're essentially pushing for. So what everyone has asked for on these bills is no trading, no members and their spouses can trade, put it in a blind trust. Now this fourth bill, no trading,
Starting point is 00:54:56 no members and spouse, blind trust, but also you have to sell out of every private investment. And that, when they started debating it, Mitt Romney, Tim Scott, and a couple other politicians on it were like, wait a second, we can't vote yes on this. If you guys are telling me that any future politician that wants to run has to sell out of private investments, that could become a major, major problem. If you want to run and be a politician, you'd have to sell out of your businesses. If I were to run, you'd have to sell out of your businesses.
Starting point is 00:55:26 If I were to run, I would have to sell out of my businesses. A farmer would have to sell out of his family businesses. Is that right? Why are we essentially doing that? And when you take a step back at the time, this was Kamala versus Trump. Kamala just picked Tim Walz to be the VP. And you think about where the directions of each parties are going. If you have a bill out there that bans politicians from owning in private investments, you are turning off kind of a whole kind of want people who are invested in the country, you know, who have some like longitudinal stake in America. I mean, I do think that like I'm fighting for my that's why I believe in homeownership, you know, because like I own a piece of ground here.
Starting point is 00:56:16 You know, it's my country. And you know, it's crazy. You had Trump and J.D. Vance. J.D. Vance, probably the most, in my lifetime, the smartest, most accomplished guy running for politics that I've ever seen. I totally agree. Tremendous. You got him with Trump. Business guys first, politicians second. Yeah. You got Vivek, business politician second.
Starting point is 00:56:41 On the other side, you got Kam kamala career-long politician 20 plus years just parasite yeah jay um tim waltz tim waltz he you have to disclose what you own he doesn't own anything like you even just said like i own part of land in america he doesn't from my uh memory he doesn't own a house the only thing he owned on that public disclosure was a teacher's pension and then you start it's like where can we go with this path of you know pro-business successful competent people running our country versus career-long politicians that just know how to play the game of thrones in politics to be able to get to where they want exactly nicely put that scared the shit out of me when they started talking about that at that uh well it may be just a way to kill the whole idea
Starting point is 00:57:29 so that was the other thing is it a kill pill and i again this is why like i don't know yeah just don't use insider information that you get with my money in the car we own all that information that belongs to us does not belong to mike mccall or any of these other douchebags corrupt douchebags like mike mccall um who's i just want to say again itbags, corrupt douchebags like Mike McCall, who is, I just want to say, again, is a corrupt douchebag. I just want to say that really clearly. But they don't own this information. It belongs to the public. It belongs to the U.S. government, which is owned by the people who are citizens of this country. So just stop that. But you don't want to encourage like government by, you know, people who own nothing. Like what? Government by
Starting point is 00:58:04 the homeless? I want people who own nothing like what government by the homeless i want people who are like no my kids live here my grandkids live here this is our family farm or whatever like you want that skin in the game skin in the game i'm gonna protect this country because it's mine yeah yeah 100 and give me the incentive i'll give you the outcome it's like if you have politicians that are incentivized for the good of america families you know it's like if you have politicians that are incentivized for the good of america families you know it's like i totally agree kids trump pro-family exactly you're gonna build for your grandkids not for you i would ban uh childless politicians from having too much power because it's like you're not i just know anyone who has kids will tell you it's like you're really worried
Starting point is 00:58:41 about that at a certain point why do you care you're gonna die anyway but you care about the next generation you know yeah and you know give roca hana credit um the representative out of um san francisco he's doing a lot on social media he doesn't have as much power but he's calling for term limits and i think because we're looking at you know again i'm 29 i'm not i don't i'm just out here just calling citizen journalism on X, being like, this is ridiculous. Let me build with my skill set is I feel like I know how to use social media algorithms and I know how to build a product to get people involved in it. Let me use this as the best way in my ability as an American citizen
Starting point is 00:59:19 to promote change, to bring trust back into the institutions. A big part of the problem looking at it is like, these 85 year olds doing i agree and you know for 30 it's just so obviously unwise you know um yeah at 85 at 75 you know it's just harder to yeah don't have the mental acuity that's just a fact um it's a biological fact but ignoring biology is one of our main our main pastimes at this point i'm growing up with that yeah my mom's a pediatrician i know she really believes in biology oh for sure um it's pretty funny so um tell us about the war stocks i'm sorry i had to calm down before you went down that that's really dark do you think it's possible that people are encouraging war because they're profiting from it yeah that this is the this topic gets a lot of
Starting point is 01:00:13 conversation on um tiktok and instagram particularly just mainly because it's like warmongering not more longering the idea of even being able to profit from war probably shouldn't be allowed. Of course not. But they do. And whether they do it inherently or not, the three main companies are Lockheed Martin, General Dynamics, and Raytheon Technologies. Raytheon's hard because Raytheon is the company
Starting point is 01:00:40 behind Israel's Iron Dome. So Israel and Hamas, that's pro-Raytheon is the company behind Israel's Iron Dome. Yes. So Israel and Hamas, that's pro-Raytheon. Like Raytheon is now selling missiles for the Iron Dome that we're watching on X go off every two days back then. Right. With Iran and all that. And Lebanon. But the politicians, Mark Wayne Mullen, he sits on the Armed Services Committee. He owns Raytheon and Lockheed Martin. And we've called them out for it because that's to another degree because you sit on the committee. Never heard anything about it. He's a friend of a friend of mine who says he's great. He seemed nice. But what could possibly be the excuse for owning defense stocks if you sit on the committee that funds them?
Starting point is 01:01:32 Yeah. So this is what's the problem with the way that they disclose right now is I don't know which ones are theirs or which ones are being run by a financial advisor. Because some of them have financial advisors running their portfolios, but they still have to disclose it. My hope is that it's financial advisors running some of these portfolios. My hope would be, and I'm sure that's right.
Starting point is 01:01:55 I mean, I guess I have stocks. I have no idea what they are. I'm not, you know, whatever. I've got some person doing that, I guess. But I would hope that they would be thoughtful enough that if you sit on a committee that's overseeing an industry that you would just call up to your broker and say, hey, we can't buy anything that I regulate.
Starting point is 01:02:15 Five minutes, that's all it takes. Right. Yeah. And again, this is... And you put that out there publicly and he still owns those. Yeah. We call out everybody. Yeah.
Starting point is 01:02:25 Yeah. There's no everybody. Yeah. Yeah. There's no one that we, I, there's no policy. Like we called out the new politician this morning. I can't remember his name. A Republican from Kentucky who sits on the accountability committee. He traded for the first time in three years. We made a tweet about him. Dan Goldman.
Starting point is 01:02:44 So Dan Goldman, he's a rich guy from uh new york we called him out to the point where he stopped trading because we were making all these tweets of like he's got a ton of inherited money a ton of inherited money yeah and credit to him but i think this is the power of social media and i think this is a win in my opinion is like put it in a blind trust or just tell your, while you're a freaking politician, just go put it in the market. Like, just don't buy individual stocks for the four or five years, eight, 10 years. Just put it in an index fund. Yeah. It's not, just do what everyone else is doing. You know, like, well, that's such a good point.
Starting point is 01:03:20 It's not rocket science. And that's why I don't feel bad for calling out anybody. Because it's like, Dan Crenshaw, you're going to complain about it. Just sell out of it and go put it in an index fund. No one's stopping you. Well, then you could plausibly say if you had an index fund, which is just the whole market, you could just say, I'm betting on America. Great. Good for you.
Starting point is 01:03:41 I want you to do that. Pro-America. And that's why if you were to ask me, what is the solution? I think the solution is kind of two things for how do you solve this whole thing? And again, like our mission is we're trying to instill trust back in society. Like I'm pro-America. You know, I want my grandkids to do well. I don't think a society functions if you can't trust your institutions. That's right. And it starts with the politicians. Like, look at, I'm going off on a tangent but you know i live in la california your heart breaks
Starting point is 01:04:10 for it and then you just start like i don't know what to believe because these you got newsome you got everything going on on x there's conflicting sides and you go on and you say hey if you loot you will get arrested. Okay, you guys are telling me that. I've watched for the past two years, everybody loot and no one get arrested. So you're now at this point where we're supposed to trust you on this fact that, oh, if you loot now, you'll get arrested. Meanwhile, you've promoted and incentivized that behavior for people to get away with it. And what do you think happens? No one's going to believe you.
Starting point is 01:04:45 The trust is gone. What happens? So do you feel, this is a sidebar, but you feel as a resident of LA, Santa Monica, you've watched looting for the past two years? Because that's really what it is. Yeah, I haven't seen it in particular. But, I mean, you can't've walked into CVS and your heart breaks for the little girl behind the cashier having to deal with these guys walking in and out. Because you do see it. And it's scary.
Starting point is 01:05:14 That's looting on smaller proportions. But you for sure see it in California. I think it's major. I think things fall apart when you see stuff like that. Why doesn't someone shoot them? I always think that. I only see it on video. I haven't someone shoot them? I always think that. I only see it on video. I haven't been to a CVS in a while.
Starting point is 01:05:27 But I think it's just like you're begging for total collapse if you allow that. Exactly. I'm a first principle thinker. I think it's trust. I just don't think people trust that things will get done. And now if you take it out, you know, I love California. I don't think it's as bad as people make it sound. But if you can't trust the politicians, society crumbles.
Starting point is 01:05:48 And I see with the trading, if you can't trust the majority of politicians, America will crumble. Because why would I believe what the politician is telling me while I'm watching them do these other things right in front of my face and I can't do anything about it? Yes. So we want them banned to get the trust back into that. Of course. in my face and i can't do anything about it yes so we want them banned to get the trust back into that of course but the problem with the ban is is it constant like if in that ban you would have to ban the kids and you would have to ban the spouses from trading is it constitutionally allowed to say hey you know say you're a senator from florida and're like, hey, Tucker, you want to be a senator? That's fine. But per the Stock Act now, your kids can't trade stocks and your spouse
Starting point is 01:06:32 can't trade stocks. What if your kid is a hedge fund manager or your kid is, you know, like how do you ban that kid? It's hard. It's hard. I mean, well, like any system is voluntary, basically. I mean, if everyone tries to subvert a system of any kind, the system will collapse. So people have to decide, like, I want to be a better person and not take everything I can. Don't be greedy. Don't be selfish. I mean, it's the things you tell your kids. Like, you show up at somebody's house, you're eight years old on Halloween, and there's a huge basket of Hershey's Kisses.
Starting point is 01:07:03 Don't take everyone. Yeah, when you're Halloween trick-or-treating, you're not taking every you're not taking don't take everyone yeah when you're halloween uh uh trick-or-treating you're not taking every big reese's bar they don't they don't have halloween in africa because people just take every reese's bar but here we always have because there's a lot of self-restraint in the population so what do you do about that yeah uh i don't know i don't know either but i think a solution though can be in this is where like get rid of the delay make them file the same day so that you increase transparency around that. How long is the delay, just make it so that either the politicians have to invest in a blind trust or major ETFs,
Starting point is 01:07:51 or if you're not going to go that far, just don't allow them to trade companies they oversee. And it's very, very simple. If I'm a consultant covering pharmaceutical industry at Deloitte, Deloitte does not allow that consultant to buy pharmaceutical stocks. They can buy other stocks, but they can't buy pharmaceutical. And it's all just a step in the right direction towards something that we can get on the right path to trusting the politicians again. That's my goal. I think the fact you're watching makes a big difference. I mean, it has to, to right i think it has yeah that's what i tell myself thought about you know calling doj or copying doj on some of these social media posts
Starting point is 01:08:33 and saying you know maybe there's there should be a criminal referral here yeah and we haven't maybe that's the next step um we the sec has never investigated any of them and i think the sec just has a ton of stuff on their hands to be honest like that's for sure that we'll see what happens because there's a lot of corruption in the country now it's not just yeah yeah and the the hard part about this is the sec with there's billion dollar schemes like they should have found spf you know kind of thing um the politicians is not the major major thing on the monetary side. I agree. But it is, though, on the public image side. And that's what I think, like, I don't think people understand the long-term effects
Starting point is 01:09:11 of not trusting institutions for the long run. I totally agree. And there should be a priesthood, a secular priesthood in charge. Yeah. I mean, you know, that's why they call them public servants. Yeah.
Starting point is 01:09:19 You know, they're giving up something to serve their country. I don't think that's unfair to ask people to do that. I feel like they've forgotten about it. They forgot the whole truth, you know? If you've been paying attention, you know that ALP is not just another nicotine pouch. It is literally the best nicotine pouch in the world.
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Starting point is 01:10:20 They're up. They're up. They weren't up earlier this year i believe but i think they are i think the one that i followed in particular is raytheon and i think raytheon's up around 80 so my thought is lockheed and um general dynamics are up too um but there's smaller ones i mean tommy tuberville bought this company called huma site and what Humasite does is it treats soldiers injured in war in Ukraine. And he bought that stock. We flagged it because he sits on the armed services committee. And if you go on the armed services website, it literally says helping companies do military research. He buys a company that does military research. The stock was up, I think, at the peak of it, 100%. He sold out early, so I think he made 30%.
Starting point is 01:11:08 But it's not even just, my point is, it's not necessarily even just Lockheed, Raytheon. It's these companies that get military government contracts to help the long tails of these wars. That's all of Northern Virginia. Yeah. Right there. I know, yeah.
Starting point is 01:11:22 I was listening to a couple of your other podcasts. Yeah, no, I mean, I've spent my life there, so I'm deeply resentful. And it's also very ugly, which tells you a lot. What they do for a living is ugly. Killing people is the ugliest thing you could do, but they've also constructed an incredibly ugly world physically.
Starting point is 01:11:37 Like if you drive from Dulles Airport into the city, you see not a single pretty building. Everything is awful, and it's a reflection of their souls, in my opinion. Others disagree. Tell us, and I went right over this, I'm sorry, but about Jim Cramer. You have an inverse Jim Cramer.
Starting point is 01:11:53 So if you were to invest with Jim Cramer, would you do better or worse than, say, Debbie Wasserman Schultz or Nancy Pelosi? In 2024, you would have done better. And this is all up, if people want to go on join autopilot.com um or even on our app autopilot you'll see all these numbers because i don't want to mess up the numbers and yeah of course yeah um but kramer was up 48 stock market was
Starting point is 01:12:15 up around 25 he was up not inverse oh sorry sorry inverse kramer was up oh inverse okay so so when you're talking about kramer you you're talking about Kramer's stupidity. Do the opposite. The opposite of Kramer was up 48%. And we balance that thing on a monthly basis. He has his own stock group, which maybe we'll pay to get the subscription in to actually see the stocks that he's talking about.
Starting point is 01:12:38 He has this through CNBC. But yeah, it was Inverse. But Inverse Kramer has done... 48. That's crazy. It's do you think it's a gag? Like, I think it's social media, not even social media. I think it's just how media works.
Starting point is 01:12:56 It's headlines and you have to talk about, but he's like a Harvard graduate. Who's like a genius. Everybody said, man, no, I'm obviously not a genius, but he's employed to tell you about the stock market but betting against him gets you 48 percent like how does that and he has a private stock market group that does all this stuff um that he tells people with personal stock picks and stuff like that so it's not even just he gets employed and does it on social media and tv he has a personal group that does it. But yeah, that one blows my mind because I don't know how you can say don't sell Tesla and the stock goes up 100%.
Starting point is 01:13:34 There's a tremendous video from early days with Tesla when Kramer is essentially talking about Tesla, says it's trash, get rid of it. Don't even talk about it. From that day day the stock some thousands thousands and thousands of percent up and elon loves it you think that is do you think like kramer like why would they employ kramer what how could he be that bad if you just employed like your dog yeah or a whole bunch of dogs. You get a chicken on a button. Yeah, exactly.
Starting point is 01:14:05 That's exactly right. Do you have any guesses? No. I mean, I think like if I'm thinking about it because I haven't really thought too much about it on the sense of how does it actually like how can it actually do it so well? My thought is maybe though, like the way that the markets work, and I'm no expert at this is, you know, you want to buy the news and sell the, or buy the buildup and then you sell the news. Yeah. Kramer can just be slow with getting onto these popular stocks that by the time he's talking about Tesla, by the time he's talking about, Hey, you know, go buy NVIDIA. It's like, yeah, everyone's been talking about NVIDIA for six months before you start talking about it.
Starting point is 01:14:48 The portfolio that we have for him on autopilot is $15 million following him, following his inverse picks. So essentially there's a, we have a pseudo ETF-ish sort of thing that does the exact opposite of what- All based on his stupidity. All based on his stupidity, yeah.
Starting point is 01:15:06 Or all based on what he thinks is right that turns out to be wrong that's incredible so you got venture backing for all because it does sound like yeah i love everything i love it all but the fact that you made a business out of it is especially amazing yeah yeah yeah that's been a journey. And again, like, I don't come from this world. You know, I was living in Bali before we started this thing. And Brian, Aaron, Scott, my co founders, like we all did this stuff together. We didn't think it would get this big. We got a lot of no's. And like the slogan of what our app essentially was, was invest like a politician. So like, if your app says invest like a politician, how big can that thing actually become? How popular can that actually be? Turns out it can be very popular because not only are they good, it's also the perfect way to alongside that hypocrisy. And the next thing you know, you got ABC News talking about us. Elon's retweeted us. Major thanks to you. This is the first time we've ever had a long form conversation about this. Our app is, when we launched it, we were number two in the app store. No way! The whole thing blew up right before our very eyes. Yeah. And the Pelosi tracker was a great part of that, but we have much, much bigger, much broader ambitions. And that's where the venture, the venture backed part.
Starting point is 01:16:31 What's so cool is that, so you built a whole business mocking and simultaneously profiting from the corruption of politicians, but you're at the same time calling for an end to it. If we lose the politician stock trading, we lose a major chunk of our business for sure. But you're still in favor of losing it. A hundred percent. A hundred percent. Because our mission is to instill trust
Starting point is 01:16:54 back in the institutions. And I'm not an expert at this, but this topic, but like the way that we see it is knock out the politicians. And this is all through autopilot. Autopilots are like our slogan in the broader when we pitch investors. I love the name, by the way. Yeah, I know. Put your money on it. It's to redefine money management. So I'm 29 and we're
Starting point is 01:17:17 about to go through the greatest wealth transfer in the history of the world. 85 trillion is about to be parked on people like my doorstep. Say I get half a million dollars. This is when the boomers die. Yeah. This is when the boomers die. And part of that money is in housing, but there still is a lot that goes into money management. 75% of kids who inherit their parents' money fire their parents' financial advisor the day they get that money. So now you got a kid who has half a million dollars parked on his lap, fires the financial manager because it's like, who the heck are you? And now they have to make the decisions of how do I invest this money? Do
Starting point is 01:17:54 I do it on my own? Do I do it through a Google search, pick the top financial advisor? Do I do it through a friend? We think there's a lot of problems in that and there's no trust and transparency in those decisions. So with autopilot, what we're trying to do is solve that trust and transparent way by building a marketplace to find a money manager and then invest through that money manager in a way that you still have control. And I think like what you said earlier, and I'm sorry for rambling, but the the big big thing that we're trying to do is we're trying to ensure that people's money builds the futures that they want and i think in 2030 2035 2040 this is going to become a bigger and bigger thing and a good
Starting point is 01:18:37 example of the early inklings of this is this whether it's conspiracy theory or not you know we'll we'll see what happens with it. But this topic of BlackRock and Vanguard having money and taking the assets in their own ETFs and stuff and using that to sway public laws and public opinion in the states that they oversee. They're getting sued in Texas.
Starting point is 01:19:04 They're getting sued in texas they're getting sued in florida and part of like what again whether that's true or not what annoys me personally when i invest is i want to make sure that my money goes towards my beliefs and if you have someone else managing your money or you put your money in a vanguard you put your money in a black rock there's possibilities for that to happen at a much broader scale exactly and if you do it on your own that's exactly and that's like what we're trying to we're trying to build that we're trying to essentially build out the way that you can have your money managed without you having to sacrifice your own values your own voter light rights your own beliefs exactly yeah you don't want to turn over your money to someone who's trying to eliminate
Starting point is 01:19:43 all your rights i mean that's crazy it's contradictory and it works for both sides. Like I don't, for me personally, pro-America, I don't want any dollars invested in Chinese stocks. No. And like, if I have, you know, maybe a couple hundred bucks, if you're trying to swing an Alibaba, but if like you got a half a million dollars in that retirement, I don't want any of that invested in Alibaba. Because inherently, you are funding a future where Alibaba succeeds. Do you want that? And the other side is we have customers and we have clients that are like, I don't want my money invested in oil companies. I want to be pro-EV.
Starting point is 01:20:20 It's like, okay, but did you know that you got your retirement account with these other people? And they have money in Chevronron oxy right you know things like that that's like what we're trying to solve and trying to build to and again it all starts with just trust because if you can't trust even where your money is being invested what does that mean in my opinion that means society is worse off because you don't even trust how your money is being managed in that state that you're in. Right. And it changes people if they conclude that the whole deal is a scam. Yeah.
Starting point is 01:20:55 I live a lot of the year in a really rural area. And my whole life, no one I knew ever took any government benefits because the idea was that we're like proud, you know, working class people. We're not doing that. And then the state brought in all these immigrants from Africa and gave them everything, you know, houses, phones, airplane tickets, food vouchers, free medical. Just these are immigrants getting all this free stuff. And everyone in the town where I am, which very few immigrants or people, not everyone, people I knew were like, wait a second. You know, I served in the military. I've worked, paid tax my whole life.
Starting point is 01:21:29 I've never gotten anything from the government. Screw it. I'm putting in for any benefit I possibly can. And it, you know, it's easy for me to disapprove because I'm rich. So it's like I don't have to do that. But I got it. It's like they all of a sudden realized people who've lived in this country their whole lives you know did a lot for the country i would argue they realize the whole thing's a freaking scam so i might as well get in on it if you have that attitude man things fall apart like that
Starting point is 01:21:53 look at covid exactly yeah happened with all the covid loans the ppo stuff or whatever pelosi was a big part of this too the people uh the ppo with the the employees yeah so there's documents so pelosi owns a uh hotel up in napa i think it's a hotel um and she has had this one property that has made a hundred thousand dollars lost a hundred thousand you all have to file this every year and in it you have your income made 100kK, lost 100K, made 100K, lost 100K. The year that COVID happened, they made 5 million plus in profit. So how do you go from, and this is income. This isn't necessarily even just like, it's not necessarily loans or anything. This is income.
Starting point is 01:22:38 You lose 100K, you make 100K, COVID happens, the loans go out. Your business now makes 5 million. Year after that, you go back down to making 100K, COVID happens, the loans go out, your business now makes 5 million. Year after that, you go back down to making 100K and then making 100K, losing 100K. So there was an anomaly. This came out, I think by the New York Post right after Thanksgiving, I think. And they highlight this.
Starting point is 01:23:00 And it's like, was the corruption around these PPP loans, these COVID loans, did this get up to the degree that the politicians were benefiting from this too? And it seems like it did. So that's again, like the, that frustrates me because that we have a family company. We sell sports compression products, little arm sleeves we don't necessarily have employees but you know we're a small family business we took out a loan to survive because we sell in sports sports got canceled we have to pay that loan back which is fine we knew that when we took it out that we have to pay this loan back but that loan money didn't go towards profiting us it essentially went towards sustaining us we had to pay it back though that loan to pelosi the five million dollars that she makes it comes in as income you don't have to pay it back because it it's just so messed up it's disgusting yeah it's in again i don't come from any of this stuff i know nothing about the politics and how it was before we started tracking. And it just shocks me of like these rules for thee and not for me to the every single aspect of our lives.
Starting point is 01:24:10 You should be shocked by it. You should fight against it. You are. I hope you get, ironically, I hope you get rich fighting against it. And I really appreciate that explanation. It was even more interesting than I thought. Thank you. Thank you. Appreciate it. Thank you again for having me on. Dude, you're one of the reasons I like social media. Whenever I think, oh, social media is turning everyone trans and it's bad, then I see what you do and I'm like, no, it's actually, there's some great
Starting point is 01:24:31 things. And it's not just us. I think Elon with X saved everything. Because we had a Pelosi tracker on Meta banned. They banned it? Banned the first week, yeah. Why? I think in their disclaimer and whatnot, they said they couldn't use the first week why? I think in their disclaimer they said they couldn't use the name Pelosi Tracker
Starting point is 01:24:49 you can't criticize any politician from the Bay Area so we then created and we did the politician trade tracker so we're on Instagram now but Elon with X in the citizen journalism that's going on I think that's like the biggest thing that I'm proud of is like,
Starting point is 01:25:07 whether these news, CNNs, Fox News, NBCs, I don't know how they're going to adapt to it, but they have to figure out a way to hit the masses through social media. And the best people at it are these citizen journalists on X that are doing all this work, that are uncovering this work that are uncovering these stories. They may not have all the facts. They may not be 100% right.
Starting point is 01:25:29 There's probably some grifters out there. But at the end of the day, the conversation is being had and it's a step in the right direction. Oh, it's wonderful. Everything about it is wonderful. Thank you for taking this time. Appreciate it. I do. We want to thank you for watching us on Spotify, a company that we use every day. We know the people who run it, good people. While you're here, do us a favor. Hit follow and tap the bell so you never miss an episode. We have real conversations, news, things that actually matter.
Starting point is 01:25:59 Telling the truth always. You will not miss it if you follow us on Spotify and hit the bell. We appreciate it. Thanks for watching.

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