Peter Schweizer’s blockbuster new book Red-Handed: How American Elites Get Rich Helping China Win has landed at number one on the New York Times bestseller list for a fourth week since its release by HarperCollins, after dropping to number two on the list last week.
Schweizer, whose past books have sparked an FBI investigation and exposed congressional insider trading that spearheaded groundbreaking legislation, has called the revelations in Red-Handed the “scariest” of his quarter-century career investigating corruption.
As the book’s subtitle states, Red-Handed exposes the vast complicity of elites – from politicians to diplomats to business, tech, and entertainment tycoons – who have enriched themselves by advancing the interests of China’s communist regime.
Schweizer, who is the president of the nonpartisan Government Accountability Institute (GAI) and a Breitbart News senior contributor, spent over a year conducting the research for Red-Handed with his team of forensic investigators at GAI, combing through a trove of financial and corporate records. The book contains 1,093 endnotes and 81 pages of source material with no off-the-record sources, making it easier for federal law enforcement and U.S. intelligence services to track down the book’s bombshell revelations.
Last month, U.S. House Republicans introduced the “Stop CCP Act” to impose sanctions on Chinese Communist Party (CCP) officials, including Chinese dictator Xi Jinping and his family, Breitbart reported last moth. The legislative proposal comes on the heels of the shocking revelations in Schweizer’s book.
Leaders on Capitol Hill — including Sen. Marsha Blackburn (R-TN) and Rep. Elise Stefanik (R-NY) — are also calling for Attorney General Merrick Garland to appoint a special counsel to investigate the revelations in Red-Handed concerning President Joe Biden’s family members’ business dealings with individuals with direct ties to the highest levels of China’s spy apparatus.
The New York Post’s editorial board echoed these calls in an op-ed headlined, “Appoint a special counsel on Hunter Biden—now.”
Breitbart’s coverage of Red-Handed’s revelations include:
- How the Biden family scored some $31 million from five deals in China, all with individuals with direct ties to the highest levels of China’s intelligence apparatus
- How a Chinese global energy company linked to a Chinese intelligence operation sent close to $6 million to Hunter Biden in 2017
- How American elites — including the Silicon Valley Masters of the Universe — purposefully aid the communist regime of China
- How donations from Communist China to the University of Pennsylvania almost tripled after the university established a “Biden Center” in 2017 and gave former Vice President Joe Biden a professorship
- How Hunter Biden planned to share his family’s office space in Washington, DC, with a Chinese intelligence-linked firm that employed a man Hunter described as “the f**king spy chief of China”
- How Hunter Biden’s business deals were helpful to the Belt and Road Initiative, which is China’s colonialist scheme for buying influence across the Third World and luring poor nations into taking loans from Chinese banks they can never repay
- How 23 former U.S. senators and congressmen (most of whom are Republican) have lobbied for Chinese military or intelligence-linked companies after leaving office
- How 20 Republicans from the highest levels of our government sold out to China
- How politicians use tepid criticism of China’s human rights abuses as cover to continue doing Beijing’s bidding — a concept the CCP refers to as “big help with a little bad mouth”
- How members of the Bush family cashed in on friendship with the Chinese official involved in the Tiananmen Square massacre
- How the husband of Sen. Dianne Feinstein (D-CA), who chaired the Senate Intelligence Committee, was the part owner of a Chinese firm that allegedly sold computers with spyware chips to the U.S. military
- How House Speaker Nancy Pelosi (D-CA) softened her previous criticism of the Chinese Communist Party as her husband and son scored big business deals in China
- How Pelosi reined in her criticism of the 2008 Beijing Olympics after her family members were involved in business ventures in China that would benefit from the 2008 Games
- How Canadian Prime Minister Justin Trudeau has followed in his father Pierre’s footsteps both in assuming high office and in using it to further the interests of the Chinese Communist Party
- How a CCP regime-linked company promoted Justin Trudeau’s entry into politics by publishing a Chinese language edition of Pierre Trudeau’s travelogue through Maoist China during the Cultural Revolution
- How Wall Street titan Steve Schwarzman of Blackstone launched a $100 million global education scholarship program for Americans and other students studying in China to inculcate the superiority of Chinese communism
- How Antony Blinken helped American universities “navigate problems” of legally balancing their Pentagon contracts while still accepting Chinese funding of dubious origin, and how he encouraged the U.S. government to deny political asylum to a high profile Chinese Communist Party defector who could have been a priceless intelligence asset for the United States
- How American universities have often not complied with federal laws when it comes to accepting donations linked to the Chinese Communist Party
Schweizer’s track record investigating both Republicans and Democrats is well-established, winning him a unique mix of bipartisan praise for his investigative work from both the left and the right. After the release of Schweizer’s bestselling Clinton Cash, liberal columnist Eleanor Clift called Schweizer “an equal-opportunity investigator, snaring Republicans as well as Democrats.” Clift added: “It’s a mistake for the Clinton campaign to write off conservative author Peter Schweizer as a right-wing hack. It won’t work, and it’s not true.” Similarly, Harvard Law School Professor Lawrence Lessing wrote that “on any fair reading, the pattern of behavior that Schweizer has charged is corruption.”
Schweizer is also the author of Throw Them All Out, which, according to left-leaning Slate, was “the book that started the STOCK Act stampede.” The bipartisan STOCK Act (Stop Trading on Congressional Knowledge) banned insider trading by members of Congress and was signed into law by President Barack Obama on April 4, 2012. The legislation received overwhelming support from both parties. One of the main figures featured in Schweizer’s Throw Them All Out, then-chairman of the House Financial Services Committee Spencer Bachus (R-AL), announced he would not seek reelection after the book’s reporting. CBS’s 60 Minutes did an investigative report on Schweizer’s revelations that won them the Joan Shorenstein Barone Award for excellence in Washington-based journalism.
Watters' World' investigates Nancy Pelosi's
financial dealings
https://www.youtube.com/watch?v=3M4QZJxb9Dw
Nancy Pelosi’s son, Paul, seems to have an affinity for corrupt business people
By Andrea Widburg
Over 2,500 years ago, Aesop moralized, “A man is known by the company he keeps.” By that metric, although Nancy Pelosi’s son, Paul Pelosi, Jr., has never been charged with a crime, I’m not sure I’d leave him in a room with my silverware. I say that because I’ve just read the Daily Mail exclusive report noting that Paul has been involved in five companies probed by federal agencies for fraud and other serious financial crimes.
From the Daily Mail:
Nancy Pelosi‘s son was involved in five companies probed by federal agencies – but has never been charged himself, a DailyMail.com investigation reveals.
[snip]
While Paul Pelosi Jr.’s mother once pledged to lead ‘the most honest, most open, most ethical Congress in history’, her son has a staggering wake of criminal colleagues, fraudulent companies and federal investigations.
Pelosi Jr.’s links to alleged lawbreakers include:
· The 52-year-old joined the board of a biofuel company after it defrauded investors according to an SEC ruling, and whose CEO was convicted after bribing Georgia officials
· Pelosi Jr. was president of an environmental investment firm that turned out to be a front for two convicted fraudsters
· He joined a lithium mining company and received millions of shares, allegedly issued as part of a massive $164 million fraud
· He was vice president of a company previously embroiled in an investigation of scam calls that targeted senior citizens
· He has close business ties with a man accused by the Department of Justice of running a fake UN charity that stole investors’ money
· A medical company Pelosi Jr. worked for tested drugs on people without FDA authorization, according to an FDA investigation
The long article spells out the details of those corrupt businesses and businessmen. And in a striking echo of Hunter Biden’s career, the Daily Mail adds,
But sources close to the Democrat power broker's son – and even Pelosi Jr. himself – admit that some of his business dealings may have arisen from savvy entrepreneurs hiring him in an attempt to curry favor with his powerful family.
Image: Paul Pelosi, Jr., in 2014 (edited in befunky). YouTube screen grab.
Moreover, like Hunter, Paul was unqualified for the lucrative jobs that came his way:
Though [he claimed to be] frugal, Pelosi Jr. certainly wasn’t strapped for cash in February 2007, he had just landed a $180,000 job as Senior Vice President at data company InfoUSA, despite already holding a full-time position as a home loan officer at Countrywide Home Loans in San Mateo and having no experience in database marketing.
The company was run by major Democrat donor Vinod Gupta, who had been embroiled in a criminal investigation by the Iowa Attorney General’s Office since 2004.
Investigators claimed that between 2001 and 2004 InfoUSA knowingly sold millions of consumers’ data to fraudsters who used the information to scam the elderly, stripping some of their life savings.
In other words, Paul brought nothing to the table but his mother’s connections and his father’s staggering wealth (which was probably helped greatly by Nancy Pelosi feeling free to buy and sell stocks even though her political actions affected the market).
Too many people in our government are essentially American oligarchs. They use politics, not for their country’s advancement, but for their own. Joe Biden and Nancy Pelosi both have enriched themselves and their families while leaving Americans in worse condition with every passing year. I sincerely hope these morally bankrupt people aren’t the political leaders America deserves because, if that’s true, America has turned into a pathetic, utterly corrupt, third-world oligarchy.
THE DEMOCRAT PARTY'S BRIBES SUCKING KLEPTOCRACY
Watters' World' investigates Nancy Pelosi's financial dealings
https://www.youtube.com/watch?v=3M4QZJxb9Dw
Josh Hawley Plan Bans Congress from Trading Stocks: ‘Stop Turning Blind Eye to Washington Profiteering’
Alex Wong/TOM WILLIAMS/POOL/AFP via Getty Images
JOHN BINDER
13 Jan 20220
3:47
Sen. Josh Hawley (R-MO) says lawmakers must “stop turning a blind eye to Washington profiteering” and finally ban members of Congress from holding or trading individual stocks.
Last month, House Speaker Nancy Pelosi (D-CA) stated that Congress and their family members should not be banned from trading stocks because “we’re a free market economy.” The remark came after it was revealed that 54 Republicans and Democrats in Congress failed to properly disclose their transactions in accordance with Stop Trading on Congressional Knowledge (STOCK) Act.
Those lawmakers include Sens. Dianne Feinstein (D-CA), Tommy Tuberville (R-AL), Mark Kelly (D-AZ), Cynthia Lummis (R-WY), as well as Reps. Dan Crenshaw (R-TX), Debbie Wasserman Schultz (D-FL), Sean Patrick Maloney (D-NY), and Pete Sessions (R-TX), among others.
This week, Sen. Jeff Merkley (D-OR) said lawmakers are undoubtedly influenced by their stocks when it comes to legislation and the industries they are supposed to be regulating like Wall Street and giant tech conglomerates.
In response, Hawley has filed legislation, the Banning Insider Trading in Congress Act, that would ban members of Congress and their spouses from holding or trading stocks.
“Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they’re supposed to be regulating,” Hawley said:
Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other at the expense of the country. Here’s something we can do: ban all members of Congress from trading stocks and force those who do to pay their proceeds back to the American people. It’s time to stop turning a blind eye to Washington profiteering. [Emphasis added]
Among other provisions, Hawley legislation would prohibit lawmakers and their spouses from holding, acquiring, or selling stocks during their time in office. The plan also sets in place a time period of six months that lawmakers and their spouses would have to divest prohibited holdings after taking office.
If any member of Congress or their spouse violated the policy, they would be required to forfeit any investment profits to American taxpayers through the United States Treasury Department.
“Members who violate the requirements will also lose the ability to deduct the losses of those investments on their income taxes,” a description of the policy states. “The ethics committees of Congress may levy additional fines and will publicize violations.”
This week, the watchdog organization Unusual Whales revealed that, on average, members of Congress beat the market in 2021 with its hundreds of millions of dollars in stock trades. Those who faired the best were Reps. Austin Scott (R-GA), Brian Mast (R-FL), French Hill (R-AR), John Curtis (R-UT), Dan Crenshaw (R-TX), and Nancy Pelosi (D-CA).
House Minority Leader Kevin McCarthy (R-CA) is said to be considering plans to file legislation that would ban members of Congress and their spouses from trading stocks while in office.
Banning members of Congress from trading stocks is hugely popular among Americans. A recent Trafalgar Group survey revealed that 76 percent of Americans believe lawmakers have an “unfair advantage” when it comes to the stock market. Only five percent support permitting the practice.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
NANCY PELOSI GOT RICH OFF ELECTED OFFICE AND SERVICING THE “CHEAP” LABOR LOBBIES - Jim Gilchrist asked the question about Nancy Pelosi’s ethics that should be on the minds of every law-abiding American – including those immigrants who are following the law to become citizens here the proper way: “Do we really need a House Speaker whose every action is calculated to enhance her own financial interests, instead of focusing on how porous borders will affect the security of everyday American citizens?”
Insider Trading is Out of Control in Congress
https://www.youtube.com/watch?v=nMP80uEGavA
Tucker: This is not allowed
https://www.youtube.com/watch?v=voSgquEQ6Dk
IT BEGINS: HarperCollins Readying Release of Peter Schweizer Blockbuster Investigation
Photo: Nicole Myhre
REBECCA MANSOUR
12 Jan 20220
2:36
Politico Playbook exclusively reported Wednesday that publishing giant HarperCollins is preparing to release the next investigative bombshell book by six-time New York Times bestselling author Peter Schweizer titled Red-Handed: How American Elites Get Rich Helping China Win.
Red-Handed remains under a strict embargo until its January 25 release date.
The book’s cover, which Politico obtained a copy of, features photos of President Joe Biden and Chinese Communist Party Leader Xi Jinping, House Speaker Nancy Pelosi (D-CA), former House Speaker John Boehner (R-OH), LeBron James, Elon Musk, Henry Kissinger, and Bill Gates. According to Politico, Red-Handed will “expose bad actors on both ends of the political spectrum and their willingness to do China’s bidding.”
Given the bestselling author’s investigative track record, the book’s subjects may have cause for concern. Peter Schweizer’s Clinton Cash sparked an FBI investigation into the Clinton Foundation. His last two books, Profiles in Corruption and Secret Empires, each hit #1 on the New York Times bestseller list and exposed how Hunter Biden and Joe Biden flew aboard Air Force Two in 2013 to China before Hunter’s firm inked a $1.5 billion deal with a subsidiary of the Chinese government’s Bank of China just 10 days after the trip.
Schweizer, who is the president of the nonpartisan Government Accountability Institute (GAI) and a senior contributor to Breitbart News, also authored Throw Them All Out, which, according to left-leaning Slate, was “the book that started the STOCK Act stampede.” The bipartisan STOCK Act (Stop Trading on Congressional Knowledge) banned insider trading by members of Congress and was signed into law by President Barack Obama on April 4, 2012. The legislation received overwhelming support from both parties. One of the main figures featured in Schweizer’s Throw Them All Out, then-chairman of the House Financial Services Committee Spencer Bachus (R-AL), announced he would not seek reelection after the book’s reporting. CBS’s 60 Minutes did an investigative report on Schweizer’s revelations that won them the Joan Shorenstein Barone Award for excellence in Washington-based journalism.
According to Amazon, Red-Handed: How American Elites Get Rich Helping China Win numbers 352 pages in length.
Biden, for instance, had sought to include tax cuts for his billionaire donors in a Chinese coronavirus relief package earlier this year. The plan was ultimately cut from the package. House Speaker Nancy Pelosi (D-CA), in May 2020, also tried to include the plan in a coronavirus relief package.
Pelosi herself has defended these smelly moves, the idea of congress members trading on stocks in industries they make laws for as the work of "free-market economy" (free for whom?) while the tech barons at Twitter have banned a popular Twitter page called Nancy Pelosi Portfolio Tracker, or @NancyTracker which must have bothered Pelosi mightily.
Stench of corruption: Nancy Pelosi buys Big Tech call options
By Monica Showalter
Nancy Pelosi has grown very rich while in public office. She's amassed a reported $120 million fortune on a $223,500 annual congressional salary.
And like Hillary Clinton, she's an expert stock picker. In her case, she trades a lot on stocks of companies she writes the laws for, and somehow, it always seems to go her way.
Last year, her pick was Tesla. This year? All about Big Tech.
She's laying the money down. According to Mediaite:
House Speaker Nancy Pelosi (D-CA) placed up to $3 million in bets this month on a handful of companies to succeed in 2022 — including Google, SalesForce, and Disney.
Pelosi and her husband, Paul Pelosi, put the money on call options in the four-day period from Dec. 17-21, according to disclosures made public on Thursday by the House Clerk. Their largest investment was for call options for SalesForce, valued at $500,000 to $1.250 million. The options came with a strike price of $210 on Jan. 20, 2023, compared to $65 as of Dec. 29. Google ranked as their second-highest investment, with $500,000-$1 million for calls at a strike price of $2,000 on Sept. 16, 2022, compared to $109 on Thursday.
Other investments included $250,000-$500,000 on call options for Micron Technology, at a strike price of $50 on Sept. 16, 2022; the same amount for calls on Roblox, at a price of $100 on Jan. 20, 2023; and $100,000-$250,000 for calls on Disney at $130 on Sept. 16, 2022.
The disclosures, which members of Congress are required to file, reveal monetary ranges for their investments, but not exact figures.
The Pelosis, both 81, have developed a reputation for prophetic ability when it comes to picking stocks. Their trades last made headlines in January, when they purchased between $500,000 and $1 million in call options in Tesla at a strike price of $500. That stock hit a new historical high last month in excess of $1,200.
To explain those options -- what she's betting is that a company like Google's stock price is going to rise and be at a certain level. When she buys an option, she's buying a derivative that gives her the right, but not obligation, to purchase that stock at a certain "strike price," meaning, she thinks everyone else is going to have to buy it at a higher price. That's where the money is to be made. In the case of Google, she's betting the price of a share of that company will be well above what it is now (currently at around $2,900 today) by the strike price date of Sept. 16, 2022. But she will have the right to buy it cheaper, which should be very profitable should she decide to sell it afterwards. For instance, and to take a hypothetical example, if the share price of Google goes up to $3,000, and she exercises her call option to buy her share at $2,000, well, she can then sell the share at a $1,000 profit, which is a nice piece of cake. The price of the call option is not the same as the price of the stock since it's a derivative of the stock. According to Investopedia:
The price difference between the underlying stock price and the strike price determines an option's value. For buyers of a call option, if the strike price is above the underlying stock price, the option is out of the money (OTM). In this case, the option doesn't have intrinsic value, but it may still have value based on volatility and time until expiration as either of these two factors could put the option in the money in the future. Conversely, If the underlying stock price is above the strike price, the option will have intrinsic value and be in the money.
And according to Mediaite:
Pelosi and her husband, Paul Pelosi, put the money on call options in the four-day period from Dec. 17-21, according to disclosures made public on Thursday by the House Clerk. Their largest investment was for call options for SalesForce, valued at $500,000 to $1.250 million. The options came with a strike price of $210 on Jan. 20, 2023, compared to $65 as of Dec. 29. Google ranked as their second-highest investment, with $500,000-$1 million for calls at a strike price of $2,000 on Sept. 16, 2022, compared to $109 on Thursday.
A $2,000 call, versus a previous $109 call price? She obviously thinks Google is in for some good times.
According to Mediaite, she's really good at this:
By some estimate, Pelosi and her husband made a 45.59 percent return on stocks last year, along with a 66.7 percent return on options trading.
Most fund managers would kill to make those kinds of returns. These are comparable the kinds of profits only art geniuses such as Hunter Biden can make on their 'output,' while real artists make quite a bit less.
See the problem?
And sure enough, the New York Post has reported that Pelosi herself is blocking legislation that would force Google and some of the other tech baronies to level their playing fields on commercial search results. The Post ran this on Nov. 4:
As a bipartisan group of Washington lawmakers mounts a battle to rein in Big Tech, some insiders say it faces a formidable and possibly surprising obstacle: Nancy Pelosi.
The 81-year-old Democratic House majority leader has made symbolic gestures to defy Silicon Valley such as refusing to take calls from Mark Zuckerberg and declaring 2019 that “the era of self-regulation is over.”
Nevertheless, insiders say she’s slow-walking legislation, including a so-called “non-discrimination bill” that would put a major dent in tech firms including Google and Amazon. The proposal would prohibit the practice of the companies giving their own products favorable treatment in search results.
The bill — sponsored by Rep. David Cicilline (D-RI) and Rep. Ken Buck (R-Colo.) — was one of six that passed the House Judiciary Committee in June. A nearly-identical companion bill sponsored by Sen. Amy Klobuchar (D-Minn.) and Sen. Chuck Grassley (R-IA) was introduced last month in the Senate and is gaining steam.
Which sounds a little funny, now that Pelosi is laying money down on where she thinks the price of Google's stock is going to be.
Pelosi herself has defended these smelly moves, the idea of congress members trading on stocks in industries they make laws for as the work of "free-market economy" (free for whom?) while the tech barons at Twitter have banned a popular Twitter page called Nancy Pelosi Portfolio Tracker, or @NancyTracker which must have bothered Pelosi mightily.
Now we see one last galloping call in favor of Big Tech, which she is all to willing to go to bat for in Congress, and given Big Tech's heavy-handed censorship and other manipulations of the 2020 U.S. election, she obviously owes political favors to.
See how this works? She ought to be forced by a bipartisan group of Squadsters and Republicans to hold a vote on the measure she's blocking this year. And come November, Republicans at the helm should put a stop to this kind of activity, and send in the special counsels to investigate these curious investing activities of Pelosi's. It ought to be Item A on the agenda.
No comments:
Post a Comment