On the latest episode of Human Events Daily, host Jack Posobiec called Nancy Pelosi’s trip to Taiwan a “pump and dump” scam meant to line Pelosi’s own pockets rather than to empower Taiwan or the United States.
“It was a scam. It was a semiconductor pump and dump scheme,” Posobiec said plainly, warning conservatives against getting “played” by Pelosi.
“You’ve got all these people out there, these…’America First’ people simping for Nancy Pelosi…It’s about semiconductors."
“Don’t simp for her. Don’t do this. You’re getting played. She’s playing you like a fiddle. Her landing in Taiwan was supposed to be the Grand Finale.”
Posobiec cited a tweet from Unusual Whales, a service that tracks “large stock and unusual options flow movements.”
“The Pelosi’s have 20,000 shares in Nvidia, $NVDA , worth millions after yesterday’s stock disclosures. Yesterday, Nancy Pelosi came out in favor of finalizing the CHIPS Plus bill, a comprehensive semiconductor bill for $52 billion,” read the July 15 tweet.
“You get it?” Posobiec said. “They knew the bill was going to pass, so then they went in on Nvidia.”
“Then she’s talking about going to Taiwan, Why? Because that’s where the semiconductor manufacturing plant is.”
“And then she knew if she exacerbated tensions, hit the scarcity on this, then they get the subsidies. Boom. Semiconductor market goes through the roof. Her shares are now worth 10x, 20x what they were,” he added.
Posobiec went on to note that Pelosi is not unique in her corruption, adding that even Congresswoman Alexandria Ocasio-Cortez agrees with him about the problems of political insider trading.
“This is how it goes,” said Posobiec. “The Pelosis have been pawns of the CCP or the highest bidder for a long time. It’s the same with the Bidens.
“They don’t care if they’re doing a deal with the CCP. They don’t care if they’re doing a deal with the Russians. They don’t care if it's Ukranian Oligharchs...They don’t care.”
"This is the problem with these politicians and the political families with insider trading," he added. "And by the way, congresswoman AOC actually agrees with me on this. So I’ll tell you what, I agree with AOC on this one–These congressmen and these leaders and their families should not be involved in this stuff."