Trust in government is at an all-time low for a multitude of reasons. Seeing so many members of Congress protecting their investments with what appears to be insider information before and during the current banking crisis isn’t going to endear them to us any time soon.
According to Unusual Whales, a trades tracking service, members of Congress moved their investments around at extremely convenient moments. Here’s a brief recap of some of the trades noticed:
BREAKING NEWS: The New York Times has just reported on Congressional members trading during the banking crisis. They showed how members traded during the crisis, while the public worried. Here is the list of members highlighted:
Representative Jared Moskowitz sold shares of Seacoast Banking Corporation worth $65,000 to $150,000 on March 10th. $SBCF fell 20% afterwards.
Representative Jared Moskowitz sold shares of Seacoast Banking Corporation worth $65,000 to $150,000 on March 10th.$SBCF fell 20% afterwards.
— unusual_whales (@unusual_whales) April 20, 2023
Representative Dan Goldman, a Democrat, sold shares of First Republic Bank, $FRC, on March 15. Dan Goldman has been making hundreds of stock trades since he started his congressional duty.
The wife and children of Representative Ro Khanna, sold First Republic, $FRC, on March 15th. Representative John Curtis, Republican, sold shares in First Republic , $FRC, on March 16, the day the “bailout” occurred.
The wife and children of Representative Ro Khanna, sold First Republic, $FRC, on March 15th.
Representative John Curtis, Republican, sold shares in First Republic , $FRC, on March 16, the day the "bailout" occurred.
— unusual_whales (@unusual_whales) April 20, 2023
Representative Nicole Malliotakis, a Republican from New York, bought shares of New York Community Bancorp, $NYCB, after private discussions with NY bank regulators and labeled it as her spouse despite single. The stock rallied 40% two days later after buying Signature assets.
Many members said it was their trust or advisors, not them trading, to the New York Times. Yet once again during crisis, Congressional portfolios benefited while the public panicked. You can find all their trades forever and free at http://unusualwhales.com/politics.
While Congress splits time between pretending to do something about our failing economy and pretending it’s not failing at all, they’re busy making sure their own investments are safe. This is corruption, plain and simple.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
