Inside the “Big Club”: How Insider Trading Goes Far Beyond Stocks

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Alrighty, we’re talking about insider trading and it is, guess what? Much more than just stocks. I’ve been waiting to talk about this for some time. And I wanted  just another story to add to it, because we’ve been covering this over the years that would make it kind of interesting. And sure enough, never fear, Jeffrey Epstein is here. Story in the Wall Street Journal and how Epstein collected insider tips on stocks.

and startups from his network, his network. Let me redefine network for you. the words that Epstein and Congress and all of these elites in Washington DC seem to be involved with. It’s the old George Carlin. It’s a big club and you and I ain’t in it. Or, you know, again, I like mine better. George is funnier than me. But again, I think that

the Watchdog on Wall Street Axis of Evil encapsulates everything to a greater degree, big business, politicians, and the media working hand in hand to further their own needs. When people think about insider trading, again, they always talk about Nancy Pelosi and her stock prowess. And there’s been several instances lately, various different members of Congress purchasing

stocks at opportune times, oil companies at the right time, whatever it may be. And again, no, they shouldn’t be allowed to do that. There’s been talk about, talking for years, legislation, Peter Schweitzer wrote a book about it. And I laugh every single time. And you know, they will.

they will admonish each other, they’ll talk about it and we’re gonna do this and we’re gonna legislate that and they make sure that they leave loopholes, loopholes in there that allow them to do whatever they want. But I’ve maintained, I wanna explain to everyone that stocks is just one part of it. Knowing where the money is flowing, that’s always the key. If you know what direction money is heading in, you know where the next project

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is going, you know where the next train line is going to go. You know where the next overpass or exit on a highway may be going. That is very, very valuable information. Well, what do you mean by that? Well, yeah, you know, you got a new exit on a highway. Let’s I’ll use my state of Florida coming in at I-4 at a certain spot. Ooh, politicians know they know where it’s going.

know where it’s going. Well, they can benefit in a myriad of different ways. Obviously, if it’s in their district, for example, they can, well, they can make sure that the right people get the contract and they get taken care of. They can also also buy up land right around that area, right? Buy up land right around the area where that off ramp is going put a gas station in a Chick-fil-A.

whatever it may be, that’s how they get so wealthy. When you have as much money, as much money flowing through Washington DC period for all these projects, not to mention the stuff that’s happening with states, they take advantage of this stuff. And it’s true story, I was invited, this is many, moons ago, 20 years ago, plus was invited to a fundraiser, it was a down and.

Sarasota, for a meet and greet. Young guy, yeah, you know, it’s gonna become a Republican, Republican member of the Florida House. And I’m having a conversation with him. And again, I guess a lot more naive back at that point in time. He’s explaining how, you know, he’s investing.

knowing where rest stops were going and getting involved in the contracts for the rest stops. And again, this is the insider dealing that has taken place. Is it technically illegal? I don’t even know.

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Is it ethical? No, no. I wish people would operate within the bounds of ethics rather than legal or illegal. The unfortunate thing is, and again, most of our laws are written by lawyers. Lawyers love gray areas. Gray areas allow for rooms of interpretation and a lot of room to swim.

for a lot of the sharks. Watchdog on wallstreet.com.