The Pelosi household has been making some major moves in the stock market and
at a particularly interesting time considering some bills that will be voted
on in the near future.
The husband of Nancy Pelosi Paul Pelosi purchased 20,000 shares worth
between $1 and $5 million of Nvidia,
one of the world's largest semiconductor companies back on June 17.
That's according to a just released speakers financial disclosure form.
Let's just be clear a lot of money.
Even if you are as rich as Nancy Pelosi dropping that much money in one move for
one individual tech company is a lot.
And then wait until you find out what's been going on at the same time he
sold 10,000 shares of Visa worth again between $1 million and
$5 million sold 50 call options and Apple valued between $100,000 and
$250,000 is basically nothing for them.
One of the stock trackers on twitter that tracks these sorts of activities amongst
a number of different politicians noted that in videos up 10% since Nancy Pelosi
filed, they sort of sarcastically say another win for Pelosi capital.
So nice for them.
So here's the thing senators are going to be convening as early as Tuesday to vote
on a bipartisan competition bill which allocates $52 billion dollars to boost
domestic semiconductor manufacturing and gives tax credits for production.
Now what's interesting is that as presently written Nvidia wouldn't
necessarily benefit too much from this.
So AMD, Qualcomm and Nvidia.
Three different companies that use semiconductors,
they design their own chips, but they're not the ones who actually fabricate them.
And so the subsidies to build plants or do tax support for the tools needed for
the manufacturer wouldn't benefit them.
They benefit people they work with.
The economic benefit of that would be somewhat indirect.
Right now there's no design tax credit.
So design houses like the companies we've sighted wouldn't see a direct benefit,
but apparently they are considering potential changes.
And either way it is possible that a company,
like Nvidia could see a big boost after a bill like this passes,
even if it doesn't directly funnel a bunch of money to them.
It's easy to imagine the tech sector at large getting a big boost.
But if there are changes to the bill that specifically benefit companies like
Nvidia, then this could be a major financial payoff for the Pelosi household.
And considering all that we've talked about Jake recently about the individual
politicians, their family members being able to buy individual stocks based
potentially in part on the information they're getting behind closed doors.
This seems suspect.
What do you think?
>> Yeah.
That Nancy Pelosi stock tracker thing is no joke.
I'm literally thinking of investing based on it because
has an unbelievable rate of return over decades.
I wonder if knowing exactly which bills are going to pass,
helps with insider trading.
And if it's public what they're, her husband's putting the money into.
Well It's not they didn't have a conversation.
It's not like he doesn't know the odds of the bills passing.
He does.
And it's not like he's no matter how rich you are,
you're gonna gamble $5 million dollars without a high degree of certainty.
Okay.
Maybe if all of us start buying the same stocks Pelosi does, it'll become so
market moving that even reporters in America might have to notice
the corruption because normally of course mainstream media reporters
are the very last people who would know anything about politics.
So they're like Nancy Pelosi makes money off of the things that she legislates.
No, we're told she's a master legislator.
No, no. You tell us that you're the one who did
that nonsense anyways.
So that's 1.2 guys is that the semiconductor bill?
I'll tell you right now if you wanna invest based on it, that's up to you.
I have no idea if the price has already gone up for those stocks or
be careful in anything that you do that's financial.
But I told you this from day one and I will never waver from it.
The semiconductor bill will pass and it will pass easily and
you'll hear a lot of stories and we've already covered some where they'll be fake
drama like they're not sure they can get that person's vote.
McConnell's holding out, man she's waiting for something else.
And Manchin wants this and
Cinema wants that nonsense blah blah blah blah blah blah blah.
It's going to the donors.
It's gonna pass easily.
It has about a 100% chance of passing.
Anything that gives billions of dollars and
this gives $52 billion to both Republican and Democratic donors directly.
You take our money, they're gonna take your money,
you're gonna take your tax money and hand it over to giant corporations.
That'll pass in Washington.
Super easy.
So don't believe any of the fake drama.
And the thing that you should believe most of all is what Nancy Pelosi invested in
because that's gonna happen.
>> Exactly that said don't take any advice based on things that we say.
Just let's be clear about that.
Now a lot of people concerned about Nancy Pelosi,
what just happened here with her husband.
Well she responded saying the speaker does not own any stocks as a spokesperson as
you can see from the required disclosures with which the speaker fully cooperates.
These transactions are marked SP for spouse.
The speaker has no prior knowledge or
subsequent involvement in any transactions.
And that actually that makes a lot of sense to me because I think what generally
happens in marriages is that one spouse decides to pay millions and
millions of dollars for a particular set of stocks for
one tech company without any conversation whatsoever.
And look, it's easy enough for us to speculate that he might have maybe
overheard from the speaker who again, he's married to that the bill might succeed.
And thus it would be to his benefit to have the stock.
But also understand the risk if like if she was sure that it wasn't going to pass,
if he were to buy the stock right now that in theory could really take the stock
price, would he take a risk like that at this particular moment unless he had
insider information.
And so look, I think you could go way beyond just worrying about spouses
getting information.
But the idea that they don't talk about this is as laughable as the idea
that Clarence Thomas isn't talking with his wife about January 6th.
We get to choose if we are gullible enough stupid enough to
accept a BS explanation like that.
I for one am not, I don't buy it, it's corruption.
It shouldn't be allowed.
It should literally be outlawed.
It should not be up to them.
We can and should regulate them when they do this.
But I I have a feeling Jake that if if anyone asks Martha Raddatz about it,
she's going to accept what the distinguished speaker had to say.
>> Yeah.
The stock picks in the Pelosi household.
Are the anti Bruno they talk about it.
Yes. Yes.
Yes.
Okay so my reaction to that spokesperson's comments that her spouse's
incredible track record in picking stocks based on bills that are going
to pass over decades has nothing to do with what your plain eyes are seeing.
It's just coincidence my reaction to that
should be the reaction of any journalist.
But they all dutifully write it down.
Headline.
Pelosi says she had nothing to do with it.
She's perfectly innocent.
Innocent as the driven snow.
She's the greatest legislator of all time.
Yeah.
>> Can I throw out one more stat?
One more figure and I know we're running out of time.
So this is according to Larry Kudlow,
according to reports Nancy Pelosi and her husband Paul traded over $50
million 2020 with annualized returns at 69% as of October.
That is not what most people get from the stock market.
I'll just say that you don't get 69%.
It's nice but you don't get it.
>> Unless you're married to the speaker of the house who has information
on exactly how many billions of dollars are going to be transferred legally
from one place to another from mainly from taxpayers to specific corporations.
Come on.
This whole thing is a joke and
everyone in America would know how corrupt Nancy Pelosi is.
And by the way also Mitch McConnell and all of them, all of those dirty dirty
politicians that made them sound better for a second anyway.
If if the press ever did their job, but the refs are constantly like what foul?
I don't see any foul.
Go get a big guy so I have access.
Yes, the status quo is protected.