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.
Outright unashamed corruption.
Don’t even need to be corrupt. The US administration is so incompetent that you don’t even need it. Trump uses twitter instead of official channels to make announcements. If you own twitter, you can just put a delay on trump’s tweets and let you read em before everyone else.
Not that this isn’t corruption, just that they are incompetent in addition to corrupt.
And it has gotta be pretty obvious which trades are likely insider trading. So SEC could likely trivially prosecute them - and I assume it is blatantly illegal.
But I assume that Trump has also corrupted the SEC.
Every single one of those trades is, by law, tied to a name, US address, and Tax ID Number, and tracked on a massive system called CAT/CAIS.
The SEC absolutely has that info.
The most they will do is a slap on the wrist, such that it’s really only a cost of doing business
You are correct. Under the latest Trump administration the SEC has been focused on deregulation.
The Biden administration had already been allowing p2p crypto under the Howey test. So literally everything Trump has deregulated is scams and insider trading.
Trump was invited on a news program many years ago to be the pro corruption side of a debate. And did not disappoint. He doesn’t hide who he is I suppose.
Yeah but these days they’re just doing full mask-off extra-corrupt just-pay-me-bitch corruption.
Like paying $1bn to the “board of peace” of which Trump is the supreme chairperson eternal ?
In the interview he was arguing that it shouldn’t be illegal. And that we were missing an opportunity… so now that he controls the DOJ, he is just acting like it isn’t illegal, because effectively it isn’t.
I bet that group is working hard around the clock on the Iran problem …
Right ?
… right ?
Yeah, I mean it’s in the name. When things aren’t peaceful this dynamic team of diplomatic masterminds goes to work.