Representative Michael McCaul loaded up on META stock before introducing a bill to ban TikTok. Coincidence? No way!
Insider trading expert and Traders Agency founder Ross Givens is on today to share exactly how you can legally get the same profits as the politicians. Click here to snag a spot at Ross’s FREE Live training on Thursday, May 23rd at 3 pm EST: http://turleytalksinsidertrading.com
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Highlights:
- “All told, McCaul has bought up more than a million dollars in META stock.” - Ross Givens
- “McCaul was elected to Congress in 2004. He was not a poor guy, by that time he was worth $12 million at the time. Eight years later his net worth was reported at $294 million.” - Ross Givens
- “With the exception of Trump, politicians almost always leave office far wealthier than when they came in.” - Ross Givens
Timestamps:
[02:05] Why Representative Michael McCaul is buying META
[03:50] How Republicans made sure that the bill to ban TikTok gets signed
[06:29] How politicians use inside information to make money
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Are we seeing the revitalization of conservative civilization? All over the world has been a massive backlash against globalization, its leftist leadership, and its anti-cultural liberal values. And it's just the beginning. I'm Dr. Steve Turley. I believe the liberal globalist world is at its brink, and a new conservative age is rising. Join me every day as we examine these worldwide trends, discover answers to today's toughest challenges, and together learn to live in the present in life of even better things to cover. This is Turley Talks. Hey gang, it's me, Dr. Steve. Question for you. How do members of Congress regularly outperform regular average investors in the stock market every single time? Well, I think you know the answer. They cheat. At least that's what my guest today says. My good friend, insider trading expert and sponsor Ross Givens, is here to reveal the latest stock market scandal coming out of DC. Ross, thanks for joining us, man. Hey, Dr. Steve, it's always a pleasure to talk to you. Yeah, well, it's always a pleasure to talk to you, but you get my blood boiling every single time. You and I talk a lot about insider trading by politicians and other insiders. As far as I know, you are the leading expert on the topic. But more importantly, and this is the part that I love. You don't just complain about it. You don't just sit back and wring your hands. You actually show people how to piggyback on these trades to make money for themselves. And I know some of our viewers, myself and Clue, we get our stock picks that you text out to us, and a lot of them have delivered big gains. In fact, you're hosting a free online training event this Thursday, May 23rd at 3 o'clock Eastern time. And you're going to show people how to do it themselves. Just click on the link below to register gang. You're going to love it. But you texted me the other day about a stock trade made by representative Michael McCall. And this to me is such a blatant example of insider trading. I mean, I can't even believe this is legal. Can you talk us through what happened here? Well, I agree with you. You know, most people are by now familiar with this TikTok ban. And that ban was written by the guy you mentioned, Congressman Michael McCall. Now, McCall, he's the chairman of the Foreign Affairs Committee. He's called TikTok a quote, "Spy balloon in America's phones." Now, I don't use TikTok. Is he right? I don't know. I mean, he's the chief, you know, she chairs the Foreign Affairs Committee. So for argument's sake, let's just say that it's true. It doesn't matter. But what he does, he drafted this new law that would ban anyone from using the app in America. But here's where it gets interesting. Once he introduced the bill, he immediately starts buying meta stock. So he signs the bill on March 3rd. By March 5th, he'd already bought up $500,000 worth of meta. It puts all the stock in his wife's name, mind you. Then goes out and buys another $100,000, another $100,000, another $100,000. Just buying this stock up hand over fist right after the bill gets signed. And just to clarify, I mean, for anyone who doesn't know, meta is the parent company of Facebook, of Instagram, right, which is TikTok's biggest competitor. So if TikTok gets banned, all that traffic, at least theoretically, is going to flood to these other platforms, which means more users, more ad revenue, and I'm assuming a higher stock price. Exactly. Yeah. Now, here's the thing, Dr. Steve. Scott didn't stop there. Now, as you know, Republicans pulled a nice little trick to make sure that bill would pass. And they attached it to the aid package for Ukraine and Israel. So basically, in order to get that $95 billion, the next $95 billion is going to line the pockets of their friends and donors and the military industrial complex. They also had to vote yes on the TikTok ban. So McCall knew that was going to pass. The ban's pretty much a sure thing at this point. So what do you think he did next? Yeah. Well, buy more stock, right? Exactly. Yeah, he bought more. So once this thing's attached, he buys another several hundred thousand dollars worth. This time he puts it in his kid's name. So all told, McCall's got, he's bought up more than a million dollars in metastock right at the time of this TikTok ban that he wrote and made sure it would pass. Yeah. I mean, it's, to me, it's just mind blowing because, like I said earlier, it just, it just seems like such an obvious, blatant, explicit violation. Oh, I agree. But no one seems to care. McCall was elected to Congress. I looked him up. He's elected to Congress in 2004. Now, he was not a poor guy, but at the time it was worth $12 million. All right. Eight years later, his net worth was reported at $294 million. So, so he went, so from 12 million, which is impressive to now. So, $294 million in under 10 years. Yeah. Eight years. Yeah, for two terms. Not a congressional salary, obviously. No, it'll play that well. So here's my question. I mean, he's not a Democrat. He's a Republican. Why isn't this in the news? Why isn't CNN talking about this? An MSNBC talking about this? I know the, I mean, they're mouthpieces for the laugh. This would be perfect to roast a Republican, wouldn't it? Yeah, but they're all, the reason you don't see it is, they're all doing it. Right. They may hear this, get giddy and their friends go, and let's keep that one quiet, because Republicans and Democrats are doing the same thing. If they expose McCall, they have to expose everybody. Right. And this kind of insider trading is super, super common in Congress. And that's one of the reasons I host these free training sessions, like the one I'm doing for your viewers this Wednesday, is to show people this gaping opportunity to show them how to use this information to make money for themselves. And I'll just give you a couple of quick examples. We may have talked about some of these in the past, but I'll remind your viewers, Representative Sidney Axney was trading Wells Fargo stock while sitting on the Financial Services Committee that was in charge of investigating Wells Fargo over the fake account scandal. Representative Blumenauer bought defense stocks the very day Russia invaded Ukraine. He bought a little stock called hollow logic back in 2020, but the timing was interesting because she bought it one week before the company was awarded a $119 million COVID-19 testing contract. Dr. Steve, this woman is literally on the committee that awarded that funding. Now, those are Democrats, but Republicans doing it too. Rick Allen made trades in Merck and Johnson and Johnson while sitting on a subcommittee considering prescription drug price legislation. Pat Fallon, this one's wild. This guy buys Microsoft stock right before the government announced a $10 billion cloud computing contract with the Pentagon. Then he sells the stock right before the government cancels the contract. I mean, it's so blatant. I don't even need to go down the Nancy Pelosi road. We've been there too many times. Look, you know, Congress cares about one thing and one thing only. I mean, they don't have to ask themselves. And with the exception of probably Trump politicians almost always leave office far wealthier than when they came in. I mean, the Clintons were broke when Bill got elected president. And now were they worth a quarter, quarter billion or something? Yeah. So DC hasn't changed. It's not going to change. It's revolving door of lobbyists, politicians and special interests robbing the taxpayer to enrich themselves. Well, I mean, obviously that foregrounds the question. I think it would take to stop this. I know there have been a number of bills in the past to ban members of Congress from owning stocks. Do you think any of those will ever pass? No. No way. Well, that's the thing about being a lawmaker, right? You're the one writing the law. Right. You're not going to pass anything that takes away your ability to make millions of dollars. Yeah. The only silver lining to all of this is that they do have to report those trades publicly. And if you know where to look, and that's what I'm showing people on Wednesday, and I show people all the time, if you know where to look, you can see the exact same stocks, Congressmen and other insiders are buying right now, their personal accounts, all you've got to do just piggyback their trade. So you know, I've been learning members of these since 2017. Right. We've never had a losing year. Right. Our track portfolio has a compounded return of over 1900% in the last six years. Wow. I'm just following these people's trades. If they're going to do it, Cadex, the stock I share with you in January, if you remember, that little biotech with all the insiders buying, Dr. Steve, it's up 306% for the last four months. So I just think if you're not following these trades, if you're not buying the same stocks, you're missing out on some huge profits. Yeah. Well, I'm punching myself on this one. I've been watching the Cadex as well, and I remember getting the alert to buy it, and I did not. I failed too. I didn't take the action. That was the free, that's part of your free recommendations that you give to everyone who registers for these live training events, right? This is, I think you have another one that you're giving out as well. Yeah. We do that. One of the things we do just, just so people come in and get an idea of what this looks like, the caliber of our research, what's out there. When we do these live training events, we usually do one like once a month. Right. So it's a good timing. I'm talking to you now. Yeah, everyone who registers, we're going to immediately give you all the research on our latest pick, goes right to your email, so you'll get that immediately. I mean, to me, that's worth the gold right there. So gang, just make sure to register for it. Just click on the link below. And even if you can attend the free training event, you're still going to get research on Ross's newest insider stock that I missed out on. So you mentioned Cadex a minute ago. Not me if I'm wrong, but you guys, you bought that one because corporate insiders were buying it, right? Are you going to be covering that on? Yeah. When is it Thursday? Or is it Wednesday? I might have said Wednesday. I'm sorry. It is Thursday. Yeah. Thursday is three. I get cold. I have two kids under five. I don't know what date is. Two. Two. We won. Keep you up at night. That's right. Yeah. But that is an distinction. Right. Obviously, politicians are one big source of these, and we'll cover this on Thursday, but it's not limited to politicians. We can also see the trades of these corporate executives, so CEOs, CFOs, like with Cadex, like you said, it's a biotech company in the middle of stage two drug trials. Then suddenly, the chief financial officer starts buying a stock out of nowhere. A couple members of the board start buying, too. Then the chief medical officer, the guy running those drug trials, invests like half his annual salary in a stock. So you don't need a crystal ball to kind of figure out these drug trials are probably going pretty well when the guy running them is buying the stock, hand over fist. So it's really that simple. People just don't know where to find this information. So in that case, Shocker, they were going well. Stock quadruples in four months, but that's what we're going to show people this Thursday, three o'clock, May 23rd, three o'clock Eastern. It's a live event. It's totally free. It's online. So leave your viewers come as can. Yeah, gang, Ross's events fill up so fast. Trust me. You want, do not wait, click on the link below, sign up. This is going to be a life changer. Anyone can come, right? You don't have to be an investing expert or financial expert. I mean, you boil this stuff down to layman's terms, right? Yeah. Anyone can come, and honestly, most of the people that we work with that follow our trades and get this stuff, most of them have never invested in stocks before. Right. I mean, they have very limited experience. It's not difficult. Right. We're going to break it all down. The only catch is, as you know, that streaming software that go to webinar software we use does limit us to a 1,000 to 10,000. Yeah. You get so popular. You got a million and a half subscribers, something crazy right now. So we do usually fill those up. We fill them up in the past. So I encourage people to register early. I'll be sure they get a spot, but look, there's nothing to it. Name, email. We're going to put your cell number in, we'll shoot you a text reminder right before we get started, and we're going to send over all the details, the full research and our latest pick, my gift to you is to show you what's out there, hopefully you make some money on it, and then join us on Thursday at three. Absolutely. It's great. And I'll be there too, gang. So just click on the link below, sign up May 23rd, 3 p.m. Eastern. Ross, I got to tell you, man, you shed so much light on this, this incredibly widespread issue among politicians, but again, what I love that you do is you don't just wring your hands and so forth. You actually show everyday patriots like our Turley Talks listeners how they too can piggyback on this and profit from these trades. So gang, you do not want to miss this chance to hear Ross's expertise and how to identify and capitalize on these amazing opportunities. Click on that link below, register for the free live training event. I'll be there as well, it's Thursday, May 23rd at 3 p.m. Eastern secure spot before they fill up. They fill up fast and help skyrocket your portfolio's returns and build that financial legacy for you and for your family. Ross, thanks so much, man. I'll see you on Thursday. All right, Dr. Steve, always good to see you. Always great seeing you. Thanks so much for listening to this episode of the Turley Talks podcast. Don't forget to subscribe, leave us a five star review and share this episode with your friends. Help us defeat the fake news media and rank us the number one news and commentary podcast all over the world. Come back again tomorrow for another episode celebrating the rise of a new conservative age. [MUSIC]
