‘Watters’ World’ investigates Nancy Pelosi’s financial dealings up to $315 million in assets

House Speaker Nancy Pelosi, D-Calif., has served in Congress for nearly 34 years and presently presides in a top-tier position as one of the most powerful figures in the U.S. government. Amid a recent flurry of complicated decisions she’s had to face as leader of her caucus, Fox News host Jesse Watters launched a “Watters’ World” investigation into her financial dealings during her tenure in politics. 

Last week, the Speaker was unable to pass the bipartisan infrastructure bill as progressives in her own party signaled their disapproval. Watters condemned her policies, saying they’re making it “harder and harder for average Americans to accumulate wealth,” shackling them with taxes and “destroying the dollar with reckless spending.” 

The current salary of a Speaker of the House sits in the low six-figures, yet Pelosi is one of the richest members of Congress.

So what is her secret, asked Watters: “It appears to be her husband, Paul.” 

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Retail traders follow Nancy Pelosi’s husband’s stock moves to find winners

When in doubt, pick the same stocks that lawmakers’ spouses are buying? That’s what retail investors are doing when it comes to trades made by House Speaker Nancy Pelosi’s husband, Paul Pelosi, a businessman who owns a real estate and venture capital firm.

Though Nancy Pelosi herself doesn’t trade stocks, her husband does. And that’s enough for some social traders, who see his trades as hers. “We’ve been tracking their performance and every single stock she has bought in the last two years has gone up significantly,” Christopher Josephs, cofounder of Iris, told Yahoo Finance Live. Iris is a social investing app allowing users to see the same stocks friends, influencers and professionals are buying.

Trades made by lawmakers or their family members are required to be disclosed within 45 days of execution.

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Complaints on STOCK Act violations stack up against members of Congress

A government watchdog group asked the Office of Congressional Ethics last week to investigate Assistant Speaker of the House Katherine Clark, D-Mass., for apparently failing to timely disclose up to $285,000 in financial transactions — making the potential successor to House Speaker Nancy Pelosi, D-Calif., the latest among numerous House and Senate members to face ethics complaints about allegedly violating the STOCK Act

The Stop Trading on Congressional Knowledge Act, better known as the STOCK Act, has gained renewed attention during the COVID-19 pandemic when some lawmakers were suspected of using information from government roles to profit. 

Broadly, the law prohibits members of Congress, congressional staffers and certain members of the executive branch and federal judiciary from engaging in insider trading based on information they learn through their government jobs. One provision of the law requires members of Congress to make a “full and complete” statement of their assets and their spouse’s assets, debts and income, as well as periodic reports of financial transactions that exceed $1,000 within 30 to 45 days of the transaction.

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Lawmakers Benefit From Booming Defense Stocks

Since U.S. military actions in Afghanistan were authorized in September 2001, the stocks of the top five defense companies have risen in value by an average of nearly 900%, strongly outperforming the S&P 500 index.

Among those who have benefitted from investments in the stocks are nearly four dozen members of Congress, the people who approve funding for the contracts that make up the bulk of the companies’ revenues.

At least 47 members of Congress and their spouses hold between $2 million and $6.7 million worth of stock in companies that are among the top 100 defense contractors, a Sludge analysis of financial disclosures found. 

The war in Afghanistan has caused an estimated up to 174,000 direct war deaths, according to the Costs of War Project, with economic costs reaching over $2.26 trillion there and in Pakistan. The total cost of post-9/11 wars including Iraq and other operations has surpassed $6.4 trillion through last year.

At least 11 U.S. senators hold up to $1.7 million in defense industry stocks and at least 36 U.S. representatives hold a maximum value of over $5 million. Congress only reports its investments in broad ranges, so it’s not possible to know exactly how much their stocks are worth. Members of Congress have at least 108 investments in 16 major defense contractors, including all of the top 10 companies by defense revenue.

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Nancy and Paul Pelosi Making Millions in Stock Trades in Companies She Actively Regulates

House Speaker Nancy Pelosi (D-CA) is the sixth-richest member of Congress, according to the most recent financial disclosure statements filed in 2019. As the California Democrat has risen through party ranks and obtained more and more political power, her personal wealth has risen right along with it. Pelosi “has seen her wealth increase to nearly $115 million from $41 million in 2004,” reports the transparency non-profit group Open Secrets. Even by the standards of wealth that define that legislative body — “more than half of those in Congress are millionaires” — the wealth and lifestyle of the long-time liberal politician and most powerful lawmaker in Washington are lavish.

And ever since ascending to the top spot in the House, Pelosi and her husband, Paul, keep getting richer and richer. Much of their added wealth is due to extremely lucrative and “lucky” decisions about when to buy and sell stocks and options in the very industries and companies over which Pelosi, as House Speaker, exercises enormous and direct influence.

The sector in which the Pelosis most frequently buy and sell stocks is, by far, the Silicon Valley tech industry. Close to 75% of the Pelosis’ stock trading over the last two years has been in Big Tech: more than $33 million worth of trading. That has happened as major legislation is pending before the House, controlled by the Committees Pelosi oversees, which could radically reshape the industry and laws that govern the very companies in which she and her husband most aggressively trade.

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Pelosi’s Husband Makes Big Tech Stock Moves Again, Places $6 Million Bet As Congress Looks To Rein In Silicon Valley

House Speaker Nancy Pelosi’s (D-CA) husband bet up to $6 million on Google’s parent company Alphabet, Amazon, Apple, and NVIDIA, just before a House committee moved forward with multiple bills looking to limit the power of Big Tech corporations.

On June 18, Paul Pelosi exercised his Alphabet call options, which give him the right to buy 4,000 shares at a price of $1,200 per share, amounting to a total of $4.8 million, according to disclosed transactions. On May 21, he spent up to $250,000 on 50 Apple calls with a strike price of $100, and spent up to $1 million on 20 Amazon calls with a strike price of $3,000, both of which expire on June 17, 2022.

Fox Business reported that Paul Pelosi “did not immediately respond” for comment, while a spokesperson for Nancy Pelosi’s office said, “The speaker has no involvement or prior knowledge of these transactions,” adding that “The speaker does not own any stock.”

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Twitter mocks Jen Psaki for nonsensical gender identity answer to question about stock market chaos

Social media erupted after a scheme from users on a Reddit stock market thread threatened to damage Wall Street hedge funds by driving up the price of the stocks from GameStop, a company many had heavily bet against.

When White House press secretary Jen Psaki was questioned about the incident, she offered a bizarre response.

“Well, I’m also happy to repeat that we have the first female Treasury secretary and a team that’s surrounding her,” Psaki said.

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The Internet’s War On Wall Street Did What Government Could Not—It United America

In the last three weeks, after the Trumpists were duped into thinking they could stop the election of Joe Biden by walking into the capitol and taking selfies with cops, the American technocratic police state has shifted into hyperdrive. In the name of stopping the “insurrection” that wasn’t, President Joe Biden and his team of neoliberal cronies have moved to criminalize speech, up to and including arresting people for trolling with memes as far back as 2016!

Facebook, Twitter, Google, Amazon, Apple, and the like have been unceremoniously creating tens of thousands of online unpersons since January 6. Establishment hacks, hungry for more power, have seized this moment to increase the surveillance state apparatus and push for the criminalization of everything and anything that is anti-establishment. A nightmarish police state is unfolding in front of us and because the Trumpists were the first to be sacrificed, the left has still been on their honeymoon ignoring the fact that “pro-democracy” Biden is quickly becoming a dictator, bypassing Congress and ramming through a record number of executive actions.

To put it mildly, since the onset of lockdowns last March, those of us who have been paying attention, have seen that the outlook is bleak, so long as the masses keep allowing their elected officials to take away their rights in the name of perceived “safety.”

All promise is not lost, however. There have been multiple glimmers of hope, proving and reasserting the power of the individual versus the establishment. Gavin Newsom, who has been compared to Hitler for his draconian and entirely arbitrary lockdown orders, likely reacting to a massive recall effort against him, suddenly reversed course on the lockdowns this week, allowing struggling businesses to hang on to their life’s work. But this was just the beginning.

On Tuesday, a paradigm shift took place unlike anything we’ve seen in history. A populist movement started on Reddit that threw aside their political differences and moved to take back some of this power and wealth that has been extracted from them particularly over the last year, but going back decades before.

Gamestop, stopped the game.

The rigged game that has paid for yachts with helopads belonging to the myriad of slime balls on Wall Street, whose job description entails betting (in a casino they own) that businesses will fail, and then ensuring their failure, was exposed. In the last few days, millions have witnessed — many for the first time ever — that the system is a rigged club, and they are not in it.

The coordinated effort by millions on the internet has shown the establishment that the people have power. It knocked them on their heels as kids with $500 in their bank accounts helped take down multi-billion dollar hedge funds. Predictably, however, like the establishment does every time it is threatened, it used its power and influence to attempt to stop it.

On Thursday, the Robinhood app ironically began acting like the Sheriff of Nottingham as it froze trading to protect hedge funds from rising stock prices of GME, AMC, and NOK. This was de facto market manipulation to protect Wall Street while screwing over the individual investor.

But this move did not go unnoticed. In fact, it was an act so egregious that it garnered the attention of political enemies who actually found a moment of solidarity to stand against it.

MAGA Congressman from Arizona’s 4th District, Paul Gosar, along with Ted Cruz, and Lauren Boebert, united with their perceived political foes across the aisle like Rashida Tlaib and Alexandria Ocasio-Cortez to call out this coordinated effort by Big Tech to collude against private investors.

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Vaccine Execs Rake In $1 Billion In Stock Sales As Positive Headlines Boost Shares

With the race to find a vaccine for COVID-19 in full effect, biotech executives and other insiders from at least 11 companies have made hand over fist – raking in over $1 billion in stock sales after announcing positive developments, according to the New York Times.

In some cases, company insiders are profiting from regularly scheduled compensation or automatic stock trades. But in other situations, senior officials appear to be pouncing on opportunities to cash out while their stock prices are sky high. And some companies have awarded stock options to executives shortly before market-moving announcements about their vaccine progress. -NYT

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Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy?

In the months prior to the most ferocious stock market crash in history and the eruption of the biggest public health crisis of our generation, we witnessed the biggest exodus of corporate CEOs that we have ever seen.  And as you will see below, corporate insiders also sold off billions of dollars worth of shares in their own companies just before the stock market imploded.  In life, timing can be everything, and sometimes people simply get lucky.  But it does seem odd that so many among the corporate elite would be so exceedingly “lucky” all at the same time.  In this article I am not claiming to know the motivations of any of these individuals, but I am pointing out certain patterns that I believe are worth investigating. 

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