“My Top-Secret Recommendation — Already Growing at 20% — Is Positioned to Score Huge Profits from the UAV Drone and 3-D Markets”
That was the part of Stephen Leeb’s latest pitch that caught my attention — though, to be clear, that somewhat specific little hint came way down near the end of the presentation. Before that, you have to sit through a looooong spiel that’s quite similar to many we’ve heard before, all about how Washington “insiders,” including members of Congress and their staff, make zillions of dollars because of their inside information.
And that’s all true, of course — it’s less prevalent now, by most accounts, but Congress tends to exempt itself from most of its own laws and there have reportedly been many fortunes made on Capitol Hill by the nimble investing of Congressmen who see the inner workings of the government and the economy a little more clearly than the rest of us are able. Or, if you prefer to be a cynic, by folks who can invest in the companies to whom they’re also steering government contracts.
Here’s a wee taste of that:
“The Percentage of Millionaires in the United States Congress is More Than 500 Times Higher Than the Percentage of Millionaires in the General Population
“Is this all merely coincidence? No.
“The fact is members of Congress often make investments in companies that will rise significantly if legislation that is being considered by Congress ‘goes the right way’.
“For Republican and Democrats alike, insider trading is perfectly legal for members of the U.S. Congress — and they refuse to pass a law that would change that….
“Politicians Funding Their Personal Piggy Banks Have Teed Up To What May Be The BIGGEST Government-Backed Investment Opportunity on Wall Street in 30-years
“The military–industrial–congressional complex is a concept commonly used to refer to policy and monetary relationships between legislators, national armed forces, and the military industrial base that supports them.
“These monetary relationships form the backbone of the U.S. defense industry. It’s a trillion dollar maze of political contributions, political approval for military spending, and lobbying to support bureaucracies and oversight of the industry.
“Inside this trillion-dollar maze, Members of Congress have routinely isolated and exploited stunningly profitable niches within the defense industry. The racket of federal regulation has produced untold riches for policymakers on Capitol Hill.”
So what is the new “aerospace ...