At 9.50pm AEDT yesterday, there was a sudden spike in trading on the oil and S&P 500 futures market.

6.50am New York time is an unusual time for a rush on trades on West Texas Intermediate May futures.

But it showed that all of a sudden, a substantial sum of money was bet on oil prices dropping and the stock market rising.

  • Mountaineer@aussie.zone
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    1 day ago

    It’s one thing for someone inside to profit off their insider knowledge.
    It’s a whole 'nother level of evil to make announcements and decisions based on the profits you can make.

    • BarneyPiccolo@lemmy.today
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      1 day ago

      They are using war, killing and injuring countless innocent people, just to steer their investments. It’s Market Manipulation at it’s most global, most evil level, with billions of dollars being manufactured out of thin air when a bet was won. The money wasn’t earned. It didn’t come from selling a product. It was phantom money created out of thin air when a bet was won.

      It’s almost as if all the lives, and limbs, and property of all the people who have been bombed have been transmutated by MAGA alchemists into profits.

      • endlesseden@pyfedi.deep-rose.org
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        18 hours ago

        it’s almost as if global markets should see the US markets as rogue and cut off their value. treating all US stocks as void.

        would solve the problem overnight.

    • VinegarChunks@lemmus.org
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      20 hours ago

      I would say it’s an extremely blurred line, not a clear difference.

      From the perspective of citizens entrusting elected leaders with massive powers they should be considered identical.