Why are politicians so DAMN RICH?!

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Johnny investigates finance better than financial journalists and Finfluencers.

I used to work for a bank and currently for a trading company. In both cases, I had no insider information, but I still had to follow policies stating that if I wanted to buy or sell stock, I had to lodge a request to do so and be granted access. I also had to hold onto anything I bought for at least 30 days.
I don't know why this isn't the bare minimum expected of politicians and their families.

When I started at one of the Fortune 100 companies, they handed me a list of nearly 2000 publicly traded companies in the US and Europe. I wasn’t allowed to trade stocks of these companies due to potential insider information. I also had to watch a 2-hour video and take a test on insider trading. At that time, I had some stocks on Robinhood. I was quite nervous, so I ended up selling those stocks and closing my account. Now, I’m observing lawmakers making millions through insider trading, and it seems like no one can actually prove it. What a joke!

The problem isn't insider trading. It's the fact that the people have been duped into believing these laws worked. If the laws just didn't exist at all, the entire stock market would be seen as insecure and people would stop putting so much money into it.

The one thing I have learned, there are no such thing as coincidences when it comes to politicians.

i paid into my 401k for 12 years, double payments, 2008, i lost all of my retirement savings, job, and house. so glad politicians were smart enough to save themselves and then bailout the millionaires they shorted with tax payers money. almost 15 years to be debt free and not homeless anymore. thanks government

"the only people who can profit from the system are the people running the system." This quote becomes more real and true day by day.

Thank you for keeping on investigating corruption all over the world. The quality of the channel has gone up loads during the last year.
Keep it up team!

I’m a financial advisor and this topic has been my biggest issue with our political system forever. It drives me insane on the daily.

I remember losing my ass in the stock market in 2020, it really pisses me off to see these crooks getting fat rich. I honestly believe it's the whole reason they go into politics. I doubt there's even one politician in Washington who hasn't done this. Why wouldn't they? There's no one pursuing them, and all they have to do is deny it or get their spouse to do it.

📌The funny thing is the politicians' favorite excuse is *"It's a free market".* Well it's not a free market if you're cheating ordinary investors by having an advantage, it's a rigged market. It's like playing a basketball game where one team has a 24-second shot clock and the other has a 5-second shot clock. Check and Balance is one of the pillars of democracy, and it's crazy that this is allowed in the strongest democracy in the world.

So disgusting how evil and corrupt so many things are while millions are struggling to get by every day

Congress has a great talent when it comes to making people disappointed

It takes a lot of courage to expose such powerful people like that. Be safe and keep it going Johnny.

Incredible to have journalists like you look into these shady things. Awareness is key to finding a solution here.

I'm glad you honestly listed the politicians regardless of their political party. It's nice to see unbiased info

The irony of this is that Air Traffic Controllers and their spouses are forbidden by federal law from owning or trading in any airline or aircraft manufacturer stock. It’s been that way for decades and it’s no reason Congress shouldn’t be forced into a blind trust.

Incredible work Johnny! Your videos are so incredibly informative and well done! Such great research and information! 🙌🏼 I hope these videos trigger some major reform in this country!

Can we please ban congress members from trading and give them term limits 🙏

Pretty brave of you for posting this, people who expose stuff like this on politicians don’t typically age well, or at all…

Keep up the good work Johnny. A lot of your recent videos have been very balanced and informative and I feel like I'm getting well researched and cited facts, for me the viewer to interpret and react to. Hopefully your work inspires others to have the courage to return to high-quality journalism. Let us know the best way to support your videos and bring more attention

We need to vote these crooks out or drag them out

I think having 0 lag between the trade and the reporting time would be a good way to stop this if we can't just make it illegal. It can be a few weeks for the public filings are reported. If they had to announce it the minute they did it the market would cancel out their gains.

They feel so unaccountable for their action, no matter how evidently illegal they are, they don't even bother to use a family member or a friend to make the transaction and get a cut out of it.
The laws just don't apply to them, period.

I work as a corporate trainer at a law firm. I do not handle any client documents. And I am still *completely barred* from any stock trading without going through a byzantine approval process, and that goes for my spouse, too.
If I, a private citizen, cannot trade stock because I happen to work at a law firm, there is no way congresspeople or their families should be able to play the stock market like this.

Your work is phenomenal. The erosion of trust in our institutions is serious and all of these government officials strategically straddling the ambiguous line between borderline unlawful ans blatantly unethical certainly isn't helping.

As always, incredible layout. Everything about your content is not only beautifully done, but it’s dire information to know. Thanks for your work!

I thought the rule WAS to put your investments into a blind trust when holding office. Once again, a no brainer fix for government corruption that we will most likely never see.

This is scary. Rich people pay politicians to make sure they get access to taxpayer funds first when banks shutter or they're in jeopardy of losing all their money. I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent above the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard. It's a con.

The only way to make the act better would be that they would need to disclose their stocks in real time, but we all know that would destroy the entire market in a short time

I can’t believe such an obvious public display of corruption is still allowed in this country.

“Power is a lot like real estate. It's all about location, location, location. The closer you are to the source, the higher your property value." Frank Underwood
Sums this up quite well

Johnny we the American people need you now more than ever. Please don’t stop what you’re doing.

I love how Johnny Harris is trying so hard to give us as much "smoking gun" information without getting whacked 😂

This video is a treasure. Thank you for spreading the truth and making it easily understandable for anyone

Its like going back in time and betting on the winning team.. insane.. as a kid i always wondered why tv shows and movies always showed politicians in a bad light.

I wish for the day that congress is held accountable for their decades of insider trading.

I work in the financial industry and I can’t even have a brokerage account without my employer approving every position or have them do it for me. What a convenient double standard

I really appreciate your content and I especially love your presentation style and the amount of effort you do to be informed. I feel awkward but also annoyed about your sponsorship Better Help. Of course I am bias because I tried to join Better Help as a licensed professional Counsellor but they don’t take any non-USA therapists (and UK for their UK division). I find this is misleading and it’s breaking laws in other countries yet they keep getting away with it because apparently they tell me they are not breaking us law. Seems strange because I have many colleagues who tell me they don’t know how that’s possible. Anyway I don’t have the motivation to investigate since I have so much else already on my plate but it’s been really bugging me when I see ads that Better Help serves worldwide. I’d have no issue if they stayed in their lane or if they’d take therapists from the countries they serve. Unethical practice for sure, maybe even illegal according to my very very very limited research. Ok. Rant over.

Simple rule:
Any public official must use a stock broker or service that discloses any and all financial trades, sales, buys, etc, immediately into a publicly accessible database.

Insider trading just might be the most lucrative (and legal) part about being in congress

Thanks for this Johnny. There will come a day in the near future when Nancy P. Actually puts forward this bill and bans congress from owning or trading stocks. This will most likely happen around 38,500 and at the top of the market for the next 25 years. My advice is to sell wvwrything when congress "forces themselves " to sell everything they own at the top as well. Keep the great content coming.

I will never not be bitter that, as an external auditor, I had more stock buying restrictions than members of congress. My immediate family was subject to these tighter laws than CONGRESS.
😡

For Americans (and arguably everyone worldwide), this is one of the most important videos on Clip-Share in the last decade.

😮 Thanks Johnny. No wonder all members of Congress are rich. I never understood how each one became so wealthy. This explains it.

It amazes me just how many people invest themselves whole heartedly into idolising politicians, hanging on every word and defending them while ignoring the fact they are urinating down their backs proclaiming it’s raining.

One of the big problems isn't making money out of the knowledge. It is, making decisions out of your investment.

This is why politicians shall not be in office for more then two terms . People needs to vote out all of these crooks.

Politicians: "We investigated ourselves for insider trading and we found out that we have done no wrongdoing"

This is like getting your home appraised only for the appraiser to make an anonymous offer having found out it's on top of a gold mine

Thank you for making this video, the more exposure the politician insider trading gets the more likely it will change

We need a massive reform on the government, so many problems we see today don’t get fixed because these politicians don’t want to lose money or become exposed

This happens in my country too, i've thought that being part of the governing body like senate should make it impossible for you to do any type of trading. It should be banned under penalty of imprisonment and those sentences should be substantial.

Wow what an insanely great presentation and crystal clear explanation.
And as if it wasn't awesome enough, that track at the end and its timing was
🔥

In the world of fake news and lies, the kind of quality documentaries Johnny provides us with is a real blessing. Thank you

*The public loses MUCH MORE money in a financial crisis because of vulture politicians devouring their stock investments through insider trades.* After all, when a fund has to buy back shorted stocks for inflated prices from a politician doing insider trades then the fund loses a lot of money. The money in these funds are oftentimes the earnings and retirement savings of normal people. It is important to keep this in mind, these politicians are filthy rich because of someone down the line paying for their insider knowledge.

Love this video. If only you could do a similar video but on a global scale 😊

Along came Nancy Polosi and ethics, morals went out the window.

"People should be able to do what they want with their money." This is very true but is ultimately untrue in our economic system and will never be the goal of any regulatory system.

Basically with some hard decisions they have to make . It,s like selling the soul against better judgment for the sake of collective progress . ❤

Well... it was nice knowing Johnny. He was taken from us too soon. 😢

I also love how they live off of our tax dollars for a home transportation and everything else. While collecting a large paycheck trading stocks and making money other ways we don’t need to mention. The people will always lose it’s a gross set up

What a time to be alive. This video is for free...and is entertaining to watch.

Thank you for real and objective journalism.

It's very funny how most people think politicians will play fair 😂😂

Funniest part is almost every dollar made by these politicians is directly related to a dollar that the American people lost.

The fact that we get free videos from Johnny Harris on Clip-Share is priceless.
keeping the education and knowledge alive 🙏🙏🙏

There's a simple and effective solution for dealing with corrupt politicians and government, but I guess nobody's ready for that.

amazing story telling and journalism keep it up and keep updating us bro !!

the levels of corruption are honestly mind blowing

Crazy. Imagine congress putting restrictions on themselves.

In times of great polarization in the United States, it’s great to see how bipartisan our elected leaders corrupt practices can truly be. Great video.

I trust these law makers completely! I trust that they will use privileged private information to enrich themselves!

I physically would not be able to invest in a military contractor when a war breaks out. It is so dark and immoral. You have to have some kind of psychopathy to do this.

“Also, these are his children”
LMFAO that got a laugh out of me. These people need to be purged.

If it wasn’t for people like you nobody would know what’s going on behind the curtain thanks for pulling that curtain back and shining a light on these things.

Imagine having a job where you can choose how to spend other people’s money and print off money if there isn’t as much as you want.

Can we all just take a minute to appreciate how Johnny exposes these politicians while at the same time, perfectly treads a fine line to avoid opening himself up to litigation.
Masterful.

I hope for a day the average American person understands this and wants to do something about it. The lack of information and care is depressing

We have to remember. In our American system. Members of Congress are employees of the people! We need more participation in paying attention to who we continue to reelect to do the job we vote them in for. Accountability is almost always better than legislation because it can't be loopholed.

God bless each and every one of you. Thank you for your contributions to society if any. Tell your friends and family you love them, have an amazing day!

YASSS JOHNNY! This is the type of content that the world needs :) I love you man!

Jonny investigates finance better than financial journalists.

I love how Johnny and his team do their homework based on publicly available documents and show us the proof while saying this in a very nice lovely story. I love your videos guys, keep them coming! :)

Even if they publicly hate each other, they still network with each other when it comes to making money. They always know what's going to be introduced first and what's coming up for sale.

The number of trees lost due to the government and Wall Street for paperwork is probably very scary. Instead of just one page, thousands of pages and booklets daily. Every government agency and corporate America probably wastes huge amounts of trees daily, and even though there is the government Paperwork Reduction Act, the government also does not follow it, they just add another form instead and give it a number.

“Show me a man that gets rich by being a politician, and I'll show you a crook.” Fair and simple.

This is exactly why people become politicians... I know it's cynical, but I feel it's at least partly true. They enrich themselves, and are sitting on millions by retirement (and they get massive retirement benefits).

Unpopular opinion: I would rather have them do it in the open like this than behind closed doors.
In my country all politicians do Insider trading (well their version of it) and it takes a lot of work to find out who owns what.

If you can be restricted from selling stocks based on the company you work for, surely all of congress should be incapable of trading stocks both personally and through their families.

As President Truman said, “You can’t get rich in politics unless you are a crook.”

Great reporting. Really shows this is a non-partisan issue, and in the meantime we are encouraged by both sides of government to fight each other in the streets….🤔

Most politicians get into politics for own financial gain. They’re their to make themself and friends richer with insider trading. But it’s illegal for us but they’ve got insider info during policies making.

100% agree that politicians shouldn't be allowed to invest the way average citizens do. They are there to serve our interests and keep good relations on the international stage. Politicians, their masters, and their worshippers just cannot be trusted.

So basically we are playing the stock market with both hands tied behind out back, blind folded, deafened, in a dark room, while they literally have a cheat sheet on the answers.

Incredibly glad you covered this. I may be out of step with the majority of people here, but I truly believe our government is so unbelievebly corrupt it can't be saved. But a stock ban and term limits for elected officials would do wonders and would actually give me some home we can fix this sinking ship.

Trying to prohibit insider trading seems pretty much impossible. Imagine you're playing a card game and you accidentally saw your opponents hand, even if you're trying to play fair, you won't be able to play as if you didn't know the cards they have. If someone knows the economy is going to crash within the next week from a private meeting, there is no way they're going to watch their money go out the window. It's an inherent problem of the stock market. The only thing I could imagine working, is to not allow them and their family to own stocks at all.

i liked tht your video mentions the names of the team members involved in creating this video ... this is something which ensures team members to bank of the credits as their work portfolio when they try to work with some other group / institution .. nice work team Johnny harris ...

It's a COI no matter how you look at it because they can make laws that would benefit their investments. The only way to prevent this is to have an investment management company take over their investments that keeps them blind to what is being invested in while they are in office. The only communication they should have are talking about total returns, and how much to be invested vs how much they want in their bank account for other things.