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You are here: Home » News » Jesuit Agendas » Political News » How Politicians Make Millions

How Politicians Make Millions

September 8, 2021 by Dr Joseph Mercola Leave a Comment

Originally published by Mercola.com and republished on his Private Substack.


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Politicians receive very comfortable salaries. Speaker of the House Nancy Pelosi, for instance, earns $223,500 a year, making her the third-highest-paid elected official in the U.S.1 Yet, since 2004, her wealth has increased from $41 million to nearly $115 million, according to OpenSecrets, which began tracking lawmakers’ personal finances that year.2

She’s not alone in her wealth. Personal financial disclosures reveal that more than half of Congress members are millionaires, with a median net worth of just over $1 million. As is often the case, however, the top 10% of the lawmakers in terms of wealth are three times richer than the bottom 90%. Pelosi comes in as No. 6 on a list of the wealthiest members of the 116th Congress.3

At issue isn’t the fact that politicians are multimillionaires; rather, as noted on a recent Twitter thread by Pulitzer Prize winning journalist Glenn Greenwald, it’s how they made their millions:4

“If you think it’s fine and normal that the Speaker of the House’s personal wealth tripled to $115 million ever since financial disclosures were required (2004), that’s fine, but the issue is how that money was made. It was from companies directly affected by her actions.”

Politicians Get Rich From ‘Lucky’ Stock Trading

In the last two years, nearly 75% of Pelosi’s stock trades have involved Big Tech stocks, totaling over $33 million in trading. “That has happened as major legislation is pending before the House, controlled by the committees Pelosi oversees, which could radically reshape the industry and laws that govern the very companies in which she and her husband most aggressively trade,” Greenwald wrote in a blog.5

Pelosi’s most traded company was Apple, accounting for 17.7% of her trades. But unlike most people buying and selling Apple stock, Pelosi had the privilege of speaking privately with Apple CEO Tim Cook on at least one occasion to discuss the company’s standing and how it could be affected by pending bills relating to Silicon Valley reforms.

The call in question occurred just days after antitrust reform legislation was introduced. Big Tech pushed back, and Cook called Pelosi directly to voice his concerns. Pelosi, according to The New York Times, then asked him which measures he specifically objected to.6,7 Greenwald reported on the blatant conflict of interest:8

“Sources who refused to be identified tried to convince the Times’ reporters that ‘Ms. Pelosi pushed back on Mr. Cook’s concerns about the bills.’ But in doing so, they confirmed the rather crucial fact that Pelosi was having personal, private conversations with the CEO of a company in which she and her husband were heavily invested and off of which they were making millions of dollars in personal wealth.

And Pelosi, according to the report, asked Cook what changes were needed to avoid harming Apple and other Silicon Valley giants.”

Trading Stocks in Companies Affected by Pending Legislation

Greenwald also revealed that Pelosi’s five most-traded stocks in the last two years — Apple, Microsoft, Facebook, Amazon and Google — were those that stood to be most affected by pending legislation, and not just any legislation, but legislation that she was working to negotiate and work through Congress.

Four of the companies — Apple, Amazon, Facebook and Google — were directly identified by the House Antitrust Subcommittee as being monopolies, making their futures heavily dependent on the pending legislation. According to Greenwald:9

“Beyond that, Google — one of the companies in which the Pelosis’ stock trades have made millions — is one of the top five donors to the House Speaker.10 The wealthy couple buys and sells in Google stock, making millions. She works on bills that directly affect the future trajectory of Google. And they lavish her campaign coffers with cash, a key source of her entrenched power.”

Meanwhile, Pelosi’s husband, Paul, purchased risky options in Alphabet, the parent company of Google, in February 2020, which he sold in June, netting more than $5 million in profits.11 The purchase was made, Greenwald wrote:12

“… right before the market began plunging due to the COVID epidemic and right before the House, led by his wife, was set to introduce new legislation to regulate those same tech companies. Yet even as the prices in several of those companies plummeted, Paul Pelosi held onto them, only to sell them last June at a massive profit.”

He also cited two other “disturbing incidents” in which Paul Pelosi had impeccable timing with his investment decisions, including exercising nearly $2 million worth of Microsoft call options within two weeks of a Microsoft contract to supply the U.S. Army with augmented reality headsets. The other incident involved the purchase of about $1 million in Tesla stock after calls made prior to the government announcing incentives it would offer to promote the shift toward electric vehicles.13

“In response to media inquiries, Greenwald reported, Pelosi denied that she is involved in or even has knowledge of her husband’s stock trading. There is, of course, no way to confirm or disprove that, but what is clear is that the vast wealth generated by those stock trades in companies Pelosi greatly affects — and about which she clearly has non-public information — directly enriches Pelosi herself.”14

Suspicious COVID-Related Trading

Not every lawmaker had filed annual financial disclosures at the time of OpenSecrets’ latest report, including Sen. Kelly Loeffler, R-Ga., who has an estimated worth of over $500 million.15

She and her husband, New York Stock Exchange chief executive Jeff Sprecher, came under fire for suspicious stock trades worth between $1.2 million and $3.1 million that occurred immediately after a “closed-door coronavirus briefing in late January” 2020.16 Among them:17

  • Buying stock in an online travel booking site in February 2020, then selling it four days later, just before a ban on flights from Europe was publicly announced
  • Purchasing stock in Citrix, which sells GoToMeeting teleworking software

Loeffler denied using confidential information from her Senate duties to make a private profit but announced in April 2020 that she and her husband were liquidating their stock holdings and “moving into exchange-traded funds and mutual funds.”18 In other suspicious instances:

Sen. Richard Burr, R-N.C., chairman of the Senate Intelligence Committee, who receives frequent briefings about potential U.S. threats, also dumped stock, including in hotel companies, worth up to $1.7 million in late January 2020.

“As Intel chairman,” Burr “got private briefings about coronavirus weeks ago,” Rep. Alexandria Ocasio-Cortez, D-N.Y., tweeted at the time. “Burr knew how bad it would be. He told the truth to his wealthy donors while assuring the public that we were fine.”19 Sen. Dianne Feinstein, D-Calif., and Sen. James Inhofe, R-Okla., also sold stock after Intelligence Committee briefings.20

How Is This Legal?

Corruption runs deep in politics, with Big Tech and Big Pharma giving campaign money to politicians who in turn receive non-pubic information about the corporations that can be used to enrich their personal stock portfolios. The lawmakers then have influence over legislation that affects the companies in which they’re personally invested.

Politicians are supposed to be performing a public service, but once they’re out of the public eye, many go on to serve as lobbyists or work in the corporate world. This means that during their tenure, they don’t want to close doors that may help them once they’re no longer in politics.

The system is such that most politicians aren’t fighting for the public but, rather, are looking out for their own self-interest and wealth accumulation. Case in point: There were 1,502 pharmaceutical lobbyists in 2020, 63.91% of whom were former government employees.21

A revolving door, in which government employees and former members of Congress take jobs with lobbying firms, is common among lobbyists, and the reverse also occurs, in which people from the private sector end up in government positions. How is this legal? As Greenwald explained, unless insider trading can be proven, this type of “lucky” trading that is building the wealth of numerous politicians will continue:22

“While the trades cannot be declared illegal unless it can be proven that either Pelosi acted on non-public information — in which case it would be the felony of insider trading — the ethical stench is obvious.

Just as was true when numerous Senators from both parties sold stocks in COVID-related industries before the pandemic began — raising questions about whether they had advance knowledge of what was coming through classified briefings — watching Nancy Pelosi’s wealth skyrocket by millions of dollars from trades in the very companies she is directly overseeing creates a sleazy appearance, to put that mildly.”

Politicians are in good company, as top health officials also cash in on stock options tied to the companies they oversee. For instance, Dr. Julie Gerberding — director of the U.S. Centers for Disease Control and Prevention from 2002 until 2009, who after leaving the CDC became president of Merck’s vaccine division in January 201023 — sold half her Merck stock options for $9.11 million in January 2020.

In March 2020, a group of legislators introduced the Ban Conflicted Trading Act to “prohibit members of Congress and senior congressional staff from abusing their positions for personal financial gain through trading individual stocks and investments while in office or serving on corporate boards.”24

“Members of Congress should not be allowed to buy and sell individual stock,” said Ocasio-Cortez. “We are here to serve the public, not to profiteer.” Senator Jeff Merkley, who introduced the Act to the Senate, added:25

“Buying and selling stocks while making decisions that affect the stock’s value is inherently a conflict of interest. At best, it can seriously degrade public trust — as we are seeing today. At worst, it’s a blatant abuse of power.”


Originally published by Mercola.com.

Author

  • Dr Joseph Mercola
    Dr Joseph Mercola

    Dr. Joseph Mercola is the founder of Mercola.com. An osteopathic physician, best-selling author and recipient of multiple awards in the field of natural health, his primary vision is to change the modern health paradigm by providing people with a valuable resource to help them take control of their health.

    View all posts

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  • annie marie on Prophetic dream reveals dangers of canine vaccines: “Please share this encounter with everyone, everywhere. Tell them what’s coming. I am doing the same. The ‘treatment’ will seem…” Dec 4, 22:40
  • annie marie on Prophetic dream reveals dangers of canine vaccines: “Over the course of a year, from time to time, I was given a vision—always the same vision—of a man…” Dec 4, 22:25
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  • James Grubbs on Massive media propaganda campaign targeting the “unvaccinated”: “One way or the other they want us dead. Either by vaccine or hit squads because of our refusal. This…” Dec 4, 17:06
  • Penny on PROPHETIC WARNING DREAM: a Christmas Sign/Event & Days of Sorrow: “Immediately after reading the above dream, which I believe is a very timely message from the Lord for us to…” Dec 4, 05:51
  • mem on Dollarization of Argentina – Or Not?: “Seems the author is unaware that JM already cancelled Argentina joining BRICS on Jan 1….it has been known for awhile.…” Dec 3, 13:25
  • James Bailey on Rothschild Wants Merger Between Corporations, Governments And AI To “Save Capitalism”: “Thanks Matt. What an amazing “coincidence”.” Dec 1, 10:44
  • Matt NZ on Rothschild Wants Merger Between Corporations, Governments And AI To “Save Capitalism”: “Council For Inclusive Capitalism https://www.gematrix.org/?word=Council+For+Inclusive+Capitalism Simple gematria = 333 33 and a 3rd, highest level in Masonry. One third of…” Dec 1, 10:24
  • Anne Chivers on Argentina – A Political Earthquake: “Reading Argentina- article tonight on before its news: Argentina records hundreds of Trichinella cases. Here is the article ;gives all…” Nov 30, 04:23
  • Anne Chivers on PAYBACK TIME IS COMING – THE FAITHFUL WILL RECEIVE THEIR JUST REWARD: “6 th paragraph- Wanda’s reference to the” Morning Star”‘ panics & pounces…he is weaker than you think…..(referring to the Enemy.-…” Nov 30, 01:48
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  • James Bailey on Argentina – A Political Earthquake: “No, I’m expecting SPX to move up above 4600 in early to mid December before dropping to complete a .618…” Nov 26, 18:28
  • Jesusislord on Argentina – A Political Earthquake: “James, do you think the SPX hit the top and will form a downward V back to 4100 in December?” Nov 26, 14:13
  • Phil - Sydney on Children Killed by COVID mRNA Vaccines: 17-year-old Aubrynn Grundy Had Two Pfizer mRNA Vaccines for School Trip June 2022 and Died August 2022 from Multi-Organ Failure: “Utterly Horrific. Dr Anthony Fauci, CDC Directors, Pfizer and Moderna Directors and Bill Gates will all have to give an…” Nov 26, 01:14
  • Expat Gal on Argentina – A Political Earthquake: “Here is one of his videos I was referring to – https://youtu.be/PrjFAMimmKI?si=X7WvY6MBf0oQ1cnH He has specifically been shown Argentina, Chile &…” Nov 25, 15:28
  • Expat Gal on Argentina – A Political Earthquake: “Agree with much of what you wrote Mem but make no mistake that both candidates are globalist puppets (in my…” Nov 25, 15:07
  • Prophetic Nurse on DEMONIC ENTERTAINMENT: “I’ve heard that several times from a Pastor” Nov 25, 02:04
  • Sandra G on Children Killed by COVID mRNA Vaccines: 17-year-old Aubrynn Grundy Had Two Pfizer mRNA Vaccines for School Trip June 2022 and Died August 2022 from Multi-Organ Failure: “Amazing and horrifying, but we are now seeing the results of this heinous concoction, which I and my boys chose…” Nov 24, 16:48
  • Lisa Courchesne on Can I Have My Cake And Eat It Too? Well, That Depends.: “Wow this article really resonated with me today. I am saving this one and will be sharing with brothers and…” Nov 23, 15:43
  • Edith on History: Hitler was Financed by the Federal Reserve and the Bank of England: “Sorry, here is the movie MILLE MILLIARDS DE DOLLARS available with SUBTITLES (2 h04min): https://youtu.be/eSaPrEx63ks?si=tgExDkXUM2IP-wM- You will see by yourself…” Nov 23, 09:09
  • James Bailey on Argentina – A Political Earthquake: “Thanks for these very interesting comments Mem. Lots to consider, especially when the criminals running the U.S. government are all…” Nov 23, 08:41
  • mem on Argentina – A Political Earthquake: “JM was/is the only choice for Argentina that is not “more of the same”. There was cynicism that the voters…” Nov 23, 08:09
  • Edith on History: Hitler was Financed by the Federal Reserve and the Bank of England: “There is a french movie made in 1982 (2h04min) Mille Milliards de Dollars, https://youtu.be/BtYVZ1x4DMo?si=2QO8ld1WaplmNTvV It talked about the corruption and…” Nov 22, 20:34
  • Thomas NoDoubt on I HEARD THE LORD SAY “REMNANT, REMEMBER”: “this is what ive been feeling within my spirit also, New things! & from the first prophetic word given to…” Nov 22, 05:13
  • Tim on I HEARD THE LORD SAY “REMNANT, REMEMBER”: “Thank you for posting this, Lana.:-)” Nov 22, 00:24
  • deborah2221 on I HEARD THE LORD SAY ‘DO NOT ACCEPT THE FALSE CLOAKS. I AM RELEASING NEW MANTLES’: “I needed this right now. Thank you!!” Nov 20, 00:47
  • Den Rhodes on I HEARD THE LORD SAY ‘WELCOME TO THE SCHOOL OF THE MOUTH’: “I totally witness with this word. Thanks Lana. This whole problem of speaking out death words comes out from self…” Nov 19, 18:05
  • Thomas NoDoubt on I HEARD THE LORD SAY “I AM LIGHTING A NEW FIRE IN YOUR BELLY! MAKE ROOM, GO SLOW AND ALLOW ME TO FAN THE FLAME”: “Amen, I’ve been hearing His Heart stirring and was sensing His Spirit beginning to stir around me and NOW I…” Nov 17, 09:52
  • bluEJaY on DEMONIC ENTERTAINMENT: “What evidence is there that the COVID vaccine sterilized people? I’ve read that’s just a superstition and scientifically inaccurate.” Nov 17, 06:48
  • bluEJaY on DEMONIC ENTERTAINMENT: “It’s my understanding that they’re making demonic portals at CERN.” Nov 17, 06:46
  • Jesus is our lord on Update: An Event Will Occur that Will Begin World War 3: “Hi James, do you think SPX is headed down from here? Thank you.” Nov 16, 23:05
  • John the dreamer on Update: An Event Will Occur that Will Begin World War 3: “Rachel I felt the weight of your words. Even so all must come to pass. It takes a lot to…” Nov 15, 22:20
  • Nyisha on DEMONIC ENTERTAINMENT: “I noticed a typo**I was saying how much of Hollywood and the enemy uses children in shows/movies.” Nov 15, 18:05
  • Nyisha on DEMONIC ENTERTAINMENT: “I never watched Utopia. Some shows I will watch to do an analysis of but it has been some time.” Nov 15, 17:45
  • Nyisha on DEMONIC ENTERTAINMENT: “I was informed that the sound went out on my most recent video at the 6:26 mark. When I checked…” Nov 15, 16:45
  • Nyisha on DEMONIC ENTERTAINMENT: “I did for the first few seasons but I was instructed to know longer watch it. Not only that but…” Nov 15, 16:43
  • Nyisha Hinton (Prophetic Nurse) on DEMONIC ENTERTAINMENT: “Portals are gateways to the supernatural which can be angelic or demonic.” Nov 15, 14:29
  • Marie G on Corrie Ten Boom: Beware of False Teaching of Pre-Tribulation Rapture: “AMEN!” Nov 15, 06:35

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Remnant: The Righteous Remnant Now Arises by James Bailey

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