
Nancy Pelosi Stock Tracker Chris Josephs: How to Get Rich by Investing Like a Politician
Listen and Follow Along
Full Transcript
Not all agents use Zillow Solutions.
After all, this industry is confusing and it's hard to know who to trust.
But the truth is, we're an ally for agents.
We want them to succeed.
That's why we help agents get ahead with complementary resources
and stay ahead with premium solutions.
Zillow works for agents.
Because home doesn't happen without them. Visit zillow.com slash works for agents because home doesn't happen without them.
Visit zillow.com slash works for agents to learn more.
So Nancy Pelosi stock tracker is one of those things
that I first saw on X on Twitter.
And I thought this cannot be, this is obviously fake.
In fact, I didn't even consider for a second
that it could be real.
And then I was sent it by a buddy of mine
who spent 30 years on Wall Street. Have you seen this? And I was like, is this real? He's like, it could be real.
And then I was sent it by a buddy of mine who spent 30 years on Wall Street.
Have you seen this? And I was like, is this real?
He's like, it's 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 Posey's stock tracker it's incredible i'm first i'm really glad to meet you yeah no and to 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'll be running a Pelosi stock tracker, building an app with the slogan, invest like a politician, having that thing become a thing.
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 peewee football. And I was so sick of the finance grind in New York that I was like, 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, is where I'm from.
Then went up to New Hampshire, 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? Bretton Woods.
Great, great mountain. Very family friendly.
And this is my phone. We're all up there.
And then when COVID 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 Robin Hood 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 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.
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 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 Whales, he's an account on X. He was the one that initially started all this.
So the Pelosi tracker came- You know him? Yeah, yeah, yeah. We work with him.
with him. Great guy.
I love his, I don't know his name or anything about him, but I love that feed. Obscure guy, doesn't want the world to know about him, but he actually takes, 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 uh in a way he was calling out the politician stuff and then the pelosi tracker came probably in 2022 but he started in 2020 um and i think richard burr that whole story started because unusual well started calling it out the story behind the richard burr is around his covid trades and it was a full-on 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, 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 gonna end the same way that people expect be ready for some sort of rapid response and the head of of SSCI, the Senate Select Committee on Intelligence,
is a major player.
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,
we think this is going to be bad. Get ready for a response.
Have your materials ready to tackle this situation. So he probably knew the severity of it to 10x what the everyday American and also probably what other senators and 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.
So a week after he told the American-
It was a retirement account.
Yeah, not only just a normal kind of investment account,
it was a 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.
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 you know but to make this this is why this 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 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% 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.
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, 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 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.
It 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 Washington, and I'm only saying that, it's not unusual that I would know them 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 just 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 going to listen to that 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 where the investigation happened. Of course.
So then what'd they do with the money? They keep... So that happened on February 13th.
And then 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, not a month, three weeks after that, around March, early March is when the market fell 30%.
And they saved themselves millions. That all gets blown up because of, again, unusual whales.
The SEC 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 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 make a facade.
No charges will happen and they'll go off into the sunset. Like, so I was raised during the height of empire, you know, our, 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.
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 about 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 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 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 a way to actually copy them and invest alongside them and that's like how our app started but at the time no none of that and by the way it's hilarious yeah i mean 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. She was up 54% last year.
We got half a million dollars, 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're going to build a way to get in on the action and what better way to do it and highlight the hypocrisy than copying them you're making 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 or the politicians are supposed to be protecting and serving the country or actually using this information to their own advantage while the country rots.
How did you discover that Pelosi, then Speaker of the House, was particularly successful? Yeah, Pelosi. So Pelosi gets a lot of headlines for obvious reasons.
One, millions. Massively outweighs what the other politicians are trading.
And I'm talking like she's trading 50 to 60 million while everyone else is trading smaller amounts. What? When she got married, I think it was in 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 uh it all started with her in 2020 when she bought Tesla.
And this is when I personally started paying attention. And then 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, do you think this should be allowed? Is this fine that you got in on the Visa? then you know this is 10 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 2020 right after biden got elected uh she went and bought up to five million dollars of tesla calls and i can go on forever about the details of these things she's not just buying stock well 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 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 2021 comes around um 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.
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 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 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 to necessarily do that how is pelosi the third most powerful person in america you know president vp the house the uh the head uh speaker speaker yep they shouldn't be allowed to trade stocks how is this even like how are we allowing that and i think like 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 Teslas? 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 buying a contract and that gives you the ability to buy 100 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. It scrambles your brain, makes it hard to sleep.
So we're thinking a lot about sleep, not getting as much as we should. So a new partner we want to tell you about can help you.
It's called Beam's Dream Powder. And it's made with a blend of all natural ingredients.
It's not made by Pfizer. It's science-backed.
It's American built and run. And best of all, it legitimately tastes good.
It can help you fall asleep, stay asleep, and wake up feeling amazing. Everybody in the staff loves it.
No more tossing and churning during the night. No more groggy wake-ups desperate for the coffee.
We're not the only ones who use it. So many people have used Beam that has improved over 17.5 million nights of sleep.
They're keeping track, helping Americans from all over the country wake up feeling good and ready to go. We're getting a huge discount.
47% off for this show. Try their best-selling Dream Power.
Get 47% off for a limited time. Go to shopbeam.com, shopbeam.com slash Tucker.
Use the code Tucker at checkout and get a massive discount. We can't recommend this enough.
Everyone here loves it. We think you will also.
It's an American company, by the way. Awesome.
Don Jr. here, guys.
Are you receiving letters from the IRS claiming you owe back taxes? As penalties and interest fees pile up, the IRS gives you no clear path to resolution. Don't speak to them on your own.
They are not your friends. To reach a team of licensed tax professionals that can help you reduce, settle and resolve your tax matters, go to TNUSA.com and check them out.
Solve your tax problems today. Call 1-800-780-8888 or visit TNUSA.com.
That's 1-800-780-8888. Tucker says it best.
The credit card companies are ripping Americans off and enough is enough. This is Senator Roger Marshall of Kansas.
Our legislation, the Credit Card Competition Act, would help in the grip Visa and MasterCard have on us. Every time you use your credit card, they charge you a hidden fee called a swipe fee and they've been raising it without even telling you.
This hurts consumers and every small business owner. In fact, American families are paying $1,100 in hidden swipe fees each year.
The fees Visa and MasterCard charge Americans are the highest in the world, double candidates and eight times more than Europe's. That's why I've taken action, but I need your help to help get this passed.
I'm asking you to call your senator today and demand they pass the Credit Card Competition Act. Paid for by the Merchants Payments Coalition.
Not authorized by any candidate or candidates committee. www.merchantspaymentscoalition.com.
What has she done on NVIDIA? So NVIDIA is the second trade that got the masses' attention. For people to know, tell us what NVIDIA is.
NVIDIA is a semiconductor. They're essentially the most 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 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 crushing 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 nvidia i think a couple months before that. Oh, come 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 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.
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 uh and then she sold her shares for a 200k loss so she lost money on that first invidia of time but the interesting thing about that is per these filings and uh the way that the filings work is the stock act requires politicians to disclose 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 and 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 thanks July 4th, Christmas. And I think the argument is because 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 the rule. Exactly.
Yeah. This year, she dropped it on July 4th.
That was when she dropped all of these previous trips. 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 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.
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.
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've followed in recent memory. She's up around 140% on that trade in particular.
This is millions. It's not like it's 50K.
It's up to $5 million. That $5 million could be worth $7.5 million now.
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 look to the congress who arethiest members of Congress? Well, Dan Crenshaw would be right at the top with Pelosi.
Yep.
And,
and it's not surprising that they're.
No.
And he,
he's interesting because.
Hold on,
before we get to Dan,
he's his whole thing.
Yeah.
But I just want to close up Pelosi for a sec.
So you've been doing this for two and a half,
three years on Pelosi.
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 app autopilot 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 and now i can invest alongside them because so i can get in on the action.
And I think 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%. In that time period since we've been doing this thing, we now have $300 million literally investing alongside her.
People have profited $30 million trading, doing whatever she does in that time period, give or take. And her office has never reached out.
She's been questioned in the press conferences being like, do you think you and 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, 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 has she done? So last year in particular, and this is probably we, and let me be clear. So we're not tracking it since it's hard to know the exact amount and 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 don't get displayed or filed too long after.
So in 2024, 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.
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,
in finance usually, but 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 or Pompeo, and like no one wants Pompeo because he's like an idiot.
This is not his area, and he's, well, I should say he's not an idiot, he's smart, but he's not a business guy. And politics and business are very different.
So it's especially striking to see politics. 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 Clintons with all that stuff.
But she, again, is is extreme because you just trade so much the other politicians they're trading on lower levels 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, and you know the saying.
Like, show me the incentive, I'll show you the reward. That's exactly right.
The war ones are crazy, too. Like, there's so much that you can get into.
I have trouble laughing at that. 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 unusual on unusual wheels is 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 Rauser 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. Speaking of 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 viasat does is um they're a military contractor they're like a starlink um yeah like elon's thing but they do the communications for the military they get hundreds of millions of dollars of contracts from you know this or that she sits on the committee that oversees military construction and it's like i'm watching you trade this stock you know even 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 um she sits on the energy one of the energy resources committees and it's like what are we doing you know how do how do they allow what are we doing well we're watching corruption happen and it's and it's destroying any confidence people have in their government it's priming the country for some kind of revolution hopefully a peaceful one but a revolution anyway this can't this can't continue in a democracy so um tell us about my all-time favorite member of congress dan crenshaw yeah yeah yeah so he's a he'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 think his personal life is out of control. Yeah, because he used to be like a right-wing darling.
Like he was, you know, with the Navy SEALs, I think, early, early on. Not with me.
I always thought he was a freak and a warmonger. Really? Weirdo, yeah.
He's a freak and a warmonger weirdo. He's showing it now.
Did you see the free press he did where we posted this?
He essentially comes out and he's like supporting politicals,
politician stock trading.
He's like, if you get rid of it, you're going to get crappy politicians. And it's like, what are you talking about?
You know, like we're not asking you guys to get paid.
If you don't allow the police to shake down speeders at gunpoint, you're going to get a worse kind of cop. Exactly.
Yeah. It's crazy.
Yeah. So he had a fiery one with the free press probably about like two months ago, right before Thanksgiving.
I saw that. His portfolio though, in particular, he's up around like 48 to 50%.
And all of this, I got to say this for compliance reasons, you can see all this on our app you know it's all right there so i may kind of be depending on the day um but he outperformed the market he was right below pelosi uh the stocks he's an idiot though i mean with no business background that i'm aware of so like how would you do that his stocks the one that in particular that really frustrated me about him was uh meta so he with 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 the things started flying um he bought amazon he bought fas which, which is like a finance ETF.
He bought the Spy and then he bought Wynn Resorts.
And then he bought some other company.
The stock though that crushed it for him was Meta.
And the part that I get annoyed about,
aside from TikTok bans, this and that,
he buys the stock a couple months later,
starts pushing and publicly vocalizing like, everyone we should we should ban tiktok you know 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 five percent uh he then goes off and starts um asking for the ban on and again like i 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've 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 officials' phones to then voting on the bill to ban TikTok all while the stock has gone up 200% while you've owned it.
This is like you're shocking me. I'm numb to it.
And when he gets called out on it, and this is one of the reasons I dislike him, and I do think that 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 um leaving that aside the reason I don't like him is because he's self-righteous 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 prove 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.
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.
The free press one, I'll send it to you after. I've seen it.
Yeah. Oh seen it yeah oh 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 do and i'll be doing all this stuff in front of the american public meanwhile you know i have a friend that is a consultant at ey or uh deloitte 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 analysts that jp morgan buy you know apple yeah meanwhile you got these politicians buying up this 500 million dollar military construction company all right in front i know the answer you want to hear the answer because after the financial crisis that Congress helped cause,
uh, uh, military construction company all right in front i know the answer you want to hear the answer because after the financial crisis that congress helped cause yep uh congress runs in with dodd frank you know chris dodd and barney frank remember the senate remember the house 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 themselves right i mean that's kind of the short is that a fair yeah 100 and what's the history of the stock act that started because of the housing crisis. Yeah.
So it was initially introduced in 2006
in the... 100%.
And the history of the Stock Act, it started because of the housing crisis. Yeah.
So it was initially introduced in 2006. And the Stock Act literally, what it says is, stop trading on congressional knowledge.
That's what it means. So if you have 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 about it because the Stock Act wasn't announced. All that stuff came out after that, like, oh, while the housing market is crashing and Americans are losing their homes homes left and right these politicians are moving millions reconstructing their portfolios after getting out of the meetings with the fed officials so that's how it came back on to uh the center stage the stock act then gets introduced in 2012 and then it gets passed uh shortly after that what is crazy in my head though is like what the heck was going going on before it? That, I think, was we were talking off camera.
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, 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 that COVID, those COVID trades, you started our conversation by describing, Kelly Loeffler was involved in that and all this stuff. I was like, part of me, I think I was the only person at Fox News who did anything on it because it was a great story.
But even as I was doing the story, I was like, there's got to be another explanation. This can't be real.
Trading on a pandemic? Insider trading on a pandemic. I was like, you'd have to be a monster to do that.
This can't actually have happened. That was me with the Pelosi tracker every day in the early days.
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 remember the specific trades I think it was him but 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 he I trades because he, he sits on the, uh, he sits on a lot of the intelligence committees or not a lot of the, the, the big committees and he's trading millions, but it's not just Mike McCall. Yeah, I think so.
I think so. He's in particular, cause he's really hard to track.
We know this in the world of, uh, the us quiver, quant, unusual whales. We're the ones that do this.
He manually manually fills out the filings by hand so his trades don't get picked up by the majority of uh i'm 99 sure i can confirm that but yeah he and his trades i think are weird because it's him uh it's the the dependent in the the spouse the 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, we tag him on Twitter. It's like you guys can just tell us what'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 really oh so he's russian one of these guys so i called mike mccall and i said listen bitch can i call you bitch i you i think i said exactly that you told someone i was a russian agent you know like i'm from this country i'm feel like i'm pretty patriotic and uh did you say that and he said i did say that because the intel briefers told me that said, how old are you, son? I think he's older than I am. You believe you're 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, scary, stupid, but also scary person I think I've ever dealt with in Congress.
Really? Ever. So I guess I'm not that surprised that he's...
What is it with Texas Republicans anyway? I don't know. Cropped! I don't know.
A lot of them. I mean, you go a little bit north to Oklahoma, and Mark Wayne Mullen's an interesting one, too.
What do you feel like? I don't know too much about his... He's a fiery guy, too.
Yeah, he was threatened to beat somebody up. Yeah, he was...
Sean O'Brien. The Teamsters president, I think.
Yeah, during that. Yeah that yeah we built a whole i have a whole thing i like sean o'brien for the really yeah good guy i don't so that's what's the thing that's interesting about me again from my background i don't know anything about these policies i'm not like a political person i call out we call out the politicians the democrats like the new york times came out with a report in 2022 that said that 180 politicians traded over 3,700 times that totaled over $110, $115 million of volume from 2019 to 2021.
Out of those, it was literally 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 mccall in particular he checks this kind of 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. It's just a freaking water meters, 2 billion, $3 billion company.
Turns out that the EPA, a couple months 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 the requirement to upgrade the water systems. Senator buys stock.
senators home home state gives a hundred million dollars to upgrade water meter systems pro for badger meters stock is up 50 percent I think he's up like 48 percent on that badger meet it might I mean I'm not an investor so but I've never heard of badger meters neither have I okay good I feel better yeah so you have two prominent politicians in the Congress buying Badger Meters in the same period. Just him.
Oh, this is just Mark Wayne Mullen. This is just Mark Wayne Mullen, yeah.
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 start just connecting all the dots, there's just too many hip, like, controversial eyebrow raising. 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 owning 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 this type of stuff that we see. And you don't think it's possible he was taking tips from Jim Cramer on CNBC? 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 from oppressors who forced them to buy overpriced tea, then blockaded them when they tried to dump it into the ocean. How'd that work out? Well, we built America in response.
So it's time to throw your big overpriced wireless contract overboard to a new tea party. You don't have to pay $100 a month just to use a phone.
Most people don't use that much in services, but they pay it anyway. Our cell phone company, Pure Talk, says no to those prices.
With a qualifying plan, you can choose an iPhone 14 or a Samsung Galaxy for nothing, zero. Get premium service on America's most dependable 5G network.
It only takes a minute to switch. We highly recommend it.
No hassles, no gimmicks, just honest to goodness, wireless priced right. So you get your iPhone 14 or Samsung Galaxy for nothing, zero dollars, with a qualifying plan.
Go to puretalk.com slash Tucker. Visit puretalk.com slash Tucker for details.
America's wireless company. Now find island-inspired, limited-time flavors at Whole Foods Market for the Explore the Tropic Cells event.
Enjoy pre-marinated mains like mango coconut salmon and pineapple teriyaki chicken
and pair them with seasoned, ready-to-heat beans from a dozen cousins.
Need dinner in a snap? Grab zesty lime shrimp salad, mango turkey burgers, and more from prepared foods.
And, of course, there's the Mango Yuzu Chantilly Cake.
Thank you. This podcast is supported by Progressive, a leader in RV insurance.
RVs are for sharing adventures with family, friends, and even your pets. So if you bring your cats and dogs along for the ride, you'll want Progressive RV Insurance.
They protect your cats and dogs like family by offering up to $1,000 in optional coverage
for vet bills in case of an RV accident,
making it a great companion
for the responsible pet owner who loves to travel.
See Progressive's other benefits and more
when you quote RV insurance at Progressive.com today.
Progressive Casualty Insurance Company and Affiliates.
Pet injuries and additional coverage
and subject to policy terms.
So how does Kramer do relative to, say, Mike McCall? He beats them. So Inverse Kramer was up 48% in 2024.
Wait, Inverse Kramer? Oh, yeah. We have a portfolio that does the opposite of what he does.
Yeah. Yeah, yeah.
I'm telling you, we're a group of, you know, we're 15 now out in Irvine, California, just fucking around with some of these things. And we're registered with the SEC.
Are you in, do you invest in these funds? Yeah, you can't. So, I mean, you can and you can't.
I don't buy like the Pelosi ones because I ethically, 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.
Great guys. They do what Inusual Wells does similar on Instagram and Twitter.
They track the lobbying. So they see which companies are spending the most on lobbying in D.C.
And then they build a strategy around it to see if a strategy like that outperforms the market over time. Well, I know what sector has spent a lot crypto.
Yeah. I mean, I saw them everywhere on the road this fall.
Really? We have a J.D. Vance portfolio.
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.
My instinct is to defend him, and I love JD Vance. But I would say, without knowing any details, he had a legitimate career in that world before.
100, yeah. So you could at least say, JD Vance.
But I would say without knowing any details, he had a legitimate career in that world before.
A hundred, yeah.
So you could at least say
JD Vance knows what an ETF is.
And also credit to him.
So he was a VC,
Founders Fund.
I don't come from this world,
but I know this
because our app is venture-backed.
He had, again, credit to him,
he had money in Rumble,
so YouTube's competitor, before he he via his venture capital firm I can't confirm this I've never met him but when he got into office before he became VP he sold out of Rumble 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? Yeah. Blind trust? Yeah.
Yes. Yeah.
So this is where it gets complex. And I'll be curious to hear your take on this.
So there's bills out there to get it banned. You know, 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 part of it is built to highlight the hypocrisy of just how big of a problem this is 500 million dollars shouldn't be copying pelosi if they are like that's a problem yes uh so to credit to some of these politicians aoc has done a lot you know she's a fiery figure but uh she has had two.
She actually just released a bill a week ago called the Restore Faith in Government Act, and it calls for banning political stock trading. 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 um john ossoff and a couple other politicians uh the reason why that one's important is because they got that to the senate and in the senate while they were um in one of the committees the way that the bills enter the floor is they have to get passed off by the committee um 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 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 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, 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 like let's take 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 you know if you want to run and be a politician you'd have to sell out of your businesses if I were to run I would have to sell out of my businesses a farmer would have to it to 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 private investments, you are turning off kind of a whole part of future people. Yeah, and I mean, you know, you do 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 home ownership, you know who have some like longitudinal stake in america yeah i mean i do think that like i'm fighting for my that's why i believe in home ownership you know because like i own a piece of ground here you know it's my country and you know it's crazy you had trump and jd vance jd vance probably the most in my lifetime the smartest like most accomplished like guy running for politics that i've ever seen i think he's just tremendous um you got him with trump business guys first politician second yeah you got vivek business politician second on the other side you got 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 pro 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 so that was the other thing is it a kill pill and i again that's 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 it's 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 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 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 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 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 rocahanna 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 feeling like this is ridiculous let me build with my like my skill set is i feel like i can do 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 to promote change to bring trust back into the institutions a big part of the problem looking at is like what are these 85 year olds doing i agree and you know for 30 years 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've grown up with that yeah my mom's a pediatrician i know. I know.
Oh, is she really? Yeah, yeah, yeah. Believes in biology.
Oh, for sure.
That's pretty funny. So 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 conversation on um tiktok and instagram in particular just mainly because it's like warmongering not warmongering the idea of even being able to profit from war probably shouldn't be allowed of course not but they do and you know whether they do it inherently or not, the three main companies are Lockheed Martin, General Dynamics, and Raytheon Technologies.
Raytheon, Raytheon's hard because Raytheon is the company behind Israel's Iron Dome. Yes.
So Israel and Hamas, that's pro-Raytheon. Like Raytheon's now selling missiles for the Iron Dome that we're watching on X go off every two days back then right when that all with Iran and all that um and um um 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. Unusual Wells has a great report on this.
What could possibly, and again, I've only met Mark Wayne Mullen once. 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 yeah so my this is what's the problem with the way that just they disclose right now is i don't know which ones are theirs or which ones are being run by a financial advisor because to some of the 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 they, and I'm sure that's right.
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,
you know, overseeing an industry that you would just call up to your broker and say, Hey, we can't buy anything that I regulate. 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. 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.
So Dan Goldman, he's a rich guy from New York. We called him out to the point where he stopped trading because we were making all these tweets of like- Well, 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.
It's 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, ten years.
Just put it in an index fund. Just put it in an index fund.
Yeah, it's not... Just do what everyone else is doing.
You know? Well, that's such a good point. 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. I want you to do that.
Pro-America. And that's why, like, 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 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 i live in la california your heart breaks for it and then you just are 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 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. The trust is God.
What happens? So do you feel, this is a sidebar, but you feel as a resident of LA,anta monica you've you've watched looting for the past two years that's because that's really what it is yeah yeah i haven't seen it in particular but i mean you can't walk into a cvs like the amount of times i've walked into cvs and uh your heart breaks for the the little girl behind the cashier having to deal with these guys is walking in and out like because you do see it and it's scary um that that's looting on smaller proportions but you 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 been to a cvs in a while but um i think it's just a it's 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.
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. 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 you'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 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 yeah like you should you show up at somebody's house you're eight years old on halloween and there's a huge basket yeah 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 hallow'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.
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 now? 45 days. And I don't, I did a lot of research.
I couldn't figure out why there was a delay to begin with. Like, I don't understand why, why do you need a 45 day delay? I don't know.
That's per the stock act. But also once you get rid of the delay, just make it so that either the politicians have to invest in a blind trust or major ETFs, 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 like it's all just a step in the right direction towards something that like we can get on the right path to trusting the politicians again that's like my i think the fact you're watching makes a big difference yeah i mean it has 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 and saying you know maybe this 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 and 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 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 of not trusting institutions i 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 you know they're they're they're giving up something to serve their country i don't think that's unfair to ask i feel like they've forgotten about it they forgot the whole i've noticed 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 and we know because we use it all day long we've used all of them turns out you can actually make money by telling people about alp we're launching our affiliate program if you have an audience big or small you can cash in you earn 10 commission on everyp that you bring in. And to make it even easier, we'll give you a 10% off link for your followers.
They save you earn. It's really simple.
By the way, compared to all the other products people sell online, Alp is truly good. It's delicious.
It is easy to sell because it's heartfelt. So spread the word, get rewarded for it.
You can sign up at alppouch.com. It's alppouch.com.
A-L-P-P-O-U-C-H dot com. Best nicotine pouch in the world.
How are defense stocks doing? They're up. They're up.
They weren't up earlier this year, I believe. But I think the one that I followed in particular is Raytheon.
i think raytheon is up around 80 so my thought is lockheed and general dynamics are up too but there's smaller ones i mean tommy tuberville bought this company called humasite 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 like at the peak of it, 100%.
He sold out early. So I think he made 30%.
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.
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 instructed an incredibly ugly world physically.
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 Cim kramer you have an jim kramer so if you were to invest with jim kramer would you do better or worse than say debbie washerman schultz or nancy uh 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 up around 25 he was up not inverse oh sorry sorry inverse inverse kramer was up oh inverse okay so so when you're talking about kramer you're talking about kramer's yeah do the opposite 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 uh he has this through cnbc um but yeah inverse kramer has done 48 that's 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 it's headlines and you have to talk about but he's like a harvard graduate who's like a genius everybody's i mean i know him he's obviously not a genius but but he's employed to tell you about the stock market but betting against him gets you 48 like how does 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 i don't know how you can say don't say don't sell Tesla and the stock goes up 100%.
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, the stock is some thousands, thousands and thousands of percent up.
Elon loves it. What do you think that is? Do you think like Kramer, like why would they employ Kramer? How could he be that bad if you just employed like your dog? Yeah.
Or a whole bunch of dogs. You get a chicken.
Yeah, exactly. 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 um 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, go buy NVIDIA. It's like, yeah, everyone's been talking about NVIDIA for six months before you start talking about it.
The portfolio that we have for him on autopilot is $15 million following him. Following his inverse picks.
So essentially, we have a pseudo ETF-ish sort of thing that does the exact opposite of it. All based on his stupidity.
All based on his stupidity, yeah. 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 I love everything I love at 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, I don't come from this world.
I was living in Bali before we started this thing. And Brian, Aaron, Scott, my co-founders, we all did this stuff together.
We didn't think it would get this big. We got a lot of no's.
And the slogan of what our app essentially was, was invest like a politician. So 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, it's the perfect way to highlight the hypocrisy.
Because it's like, what better way to highlight the hypocrisy of politician stock trading than to literally build an app to invest 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-backed part comes from.
What's so cool is that 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 back in the institutions.
And I'm not an expert at this topic, but 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 about to go through the greatest wealth transfer in the history of the world.
You know, 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.
Yeah. This is when the boomers die.
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 are you? And now they have to make the decisions of how do I invest this money? Do 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 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 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 this topic of blackrock and vanguard having money in 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.
They're getting sued in Florida. and part of like 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 BlackRock, there's possibilities for that to happen at a much broader scale than if you do it on your own.
That's exactly right. 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 rights, your own beliefs. Exactly.
Yeah. You don't want to turn over your money to someone who is trying to eliminate all your rights.
I mean, that's crazy. It's contradictory and it works for both sides.
Like I don't, for personally pro america i don't want any dollars um 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 like do you want that and the other side is like we have customers and we have clients that are like i don't want my money building uh invested in oil companies like i want to be pro ev it's like okay but did you know that you got your retirement account with these other people and they they have money in chevron 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 And it changes people if they conclude that the whole deal is a scam. Yeah.
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 proud, working-class people were 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 is 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.
I've never gotten anything from the government.
Screw it. I'm putting in for any
benefit I possibly can.
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
did a lot for the country, I would argue.
They realized 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.
Look at COVID. Exactly.
Happened with all the COVID loans. The PPO stuff or whatever.
Yeah, Pelosi was a big part of this too. The PPO.
The PPO with the employees. So there's documents.
So Pelosi owns a 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 and you all have to file this every year and in it you have your income made 100k lost 100k made 100k lost 100k the year that covid happened they made five million plus in profit 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.
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, 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. 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, we're a small family business. We took out a loan to survive because we sell in sports.
Sports got canceled. We have to 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 the five million dollars that she makes it comes in as income you don't have to to pay it back because it's just so messed up.
It's disgusting. Yeah.
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. You should be shocked by 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 things and it's not just us i i think elon with x yeah saved everything because we had a pelosi tracker on meta banned banned the first week yeah why uh i think in their disclaimer and whatnot they said they couldn't use the name pel Tracker.
You can't criticize any politician from the Bay Area where they're based.
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 get.
I'm proud of is like in whether these news, CNNs, Fox News, NBCs. And 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 these stories they may not have all the facts they may not be 100 right there's probablyifters 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.
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.