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.

  • 6stringringer@lemmy.zip
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    1 hour ago

    Well F—k my scrambling A—, Whoulda thot that this coulda? Ya know? It’s like, what’s going on? I wish I had time to esplain. We good. Peace Ya’ll!

  • floquant@lemmy.dbzer0.com
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    10 hours ago

    The whole “futures market” thing is just legalised market manipulation and gambling on a global scale

    • JustAnotherPodunk@lemmy.world
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      3 hours ago

      For small an medium sized businesses, especially in agriculture, it has a real utility. Hedging commodities I need to buy to feed my animals has made the difference between break even and deep in the whole some years.

      Yes there is market manipulation for some of these buyers, but I would say for the vast majority it is an asset in a very tight margin game. But I’m here producing a product and feeding into the whole economy, not just extracting resources and capital as some useless day trader.

  • Absurdly Stupid @lemmy.world
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    8 hours ago

    I wonder why our representatives get so rich on such a small salary? …and not just them, but their families, too! It’s like they’ve won the lottery.

    It’s so weird. Oh well, I guess we will never know

  • switcheroo@lemmy.world
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    10 hours ago

    Once chucklefuck is gone (rest in piss), the chickens will come home to roost. All you dickless wonders will be indicted. Be ready to fined as high as it will fucking go or face jail tome-- hopefully both.

    Fuck the lot of you selfish ghouls for ruining our country.

  • BillCheddar@lemmy.world
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    10 hours ago

    I have half an idea here, but let’s say we eventually figure out President Joffrey is part of this. They’ll try some bullshit argument about “he gets away with it because he’s president” and fight about it in court. Fine. Loophole, courts will sort it out.

    What I’m interested in: Couldn’t the US government still seize the illicit money and force him to prove he earned it legally. They do that shit to other criminals in America. Why not use that legal concept on Mr Trump’s crime family?

    Use Trump’s money as leverage to get him to squeal on everyone else for criminal charges they all can eat.

    • qevlarr@lemmy.world
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      2 hours ago

      They’ll lose their job, or worse. Trump is like a mafia boss. Difficult to go against, they will crush you

    • Seaguy05@lemmy.world
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      2 hours ago

      This would be a great use of civil forfeiture. Then we’re in a win win situation… either they finally correct this legal theft policy or they take the money from those profiting insider knowledge.

    • Nikelui@lemmy.world
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      3 hours ago

      What I’m interested in: Couldn’t the US government still seize the illicit money and force him to prove he earned it legally

      Not when the director of FBI is in his pocket.

  • DarkFuture@lemmy.world
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    14 hours ago

    Lol.

    Such a weak nation.

    Never in my wildest dreams did I think Americans would get walked all over like this.

    Right now I’m not seeing any other future for us than permanent subjugation.

    It’s almost like we enjoy the punishment.

    • jtrek@startrek.website
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      15 hours ago

      My elderly father thinks “workers don’t know how to run businesses”, which is funny to me considering how many bone-headed decisions I’ve seen management make. Plus pointlessly cruel ones, alongside selfish and short-sighted ones.

  • Doom@lemmy.world
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    17 hours ago

    The stock market is such a goddamn pyramid scheme. The only reason it hasn’t full on collapsed is because the people running the scam get bailed by US tax payers every time it breaks. Nevermind that they tricked us into tying our retirements into the continuous survival of this casino in a trench coat.

      • DarkFuture@lemmy.world
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        14 hours ago

        so far

        Yup. Pandora’s Box is open now. Going forward every conservative grifter is going to acknowledge what Trump got away with and attempt to get away with as much and more. Why wouldn’t they? They’ll want their turn at the grift so they can create their own dynasty using America’s wealth.

        We’re cooked. Our system is weak.

        • artyom@piefed.social
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          12 hours ago

          Dems are going to do the same thing. Again, why wouldn’t they? Trump just lowered the bar for all future administrations. He showcased the failures of our checks and balances and proved that you can do whatever the fuck you want, laws and judges be damned, and no one will do a fucking thing about it.

    • smeenz@lemmy.nz
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      22 hours ago

      The most blatantly corrupt. They literally do not care if their corruption is on full display to the world.

      • prole@lemmy.blahaj.zone
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        18 hours ago

        I think they actually revel in it. Like, “look what we can get away with and you’re not going to do shit about it”

      • Zink@programming.dev
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        18 hours ago

        They seem like exactly the kind of evil that has to push the bounds of human depravity just to prove to themselves how privileged and powerful they truly are.

        Like with those Epstein files we aren’t talking about as much since we’re waiting to see if this is WW3 – you have a variety of powerful people who are probably not pedophiles in the mental illness sense, but they fuck teenagers because it’s a combination of forbidden fruit and domination/control and half a dozen other things that stimulate their dark triad brains.

      • rapchee@lemmy.world
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        15 hours ago

        i think they are just stupid. previous administrations were pretty bad too, but they kept it quiet, but i think they knew and told each other what they were really doing. these morons either didn’t understand or cannot follow the instructions

        • PolarKraken@lemmy.dbzer0.com
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          14 hours ago

          Sorry but you’re the dumb one for misunderstanding them. They’re bad at lots of stuff, sloppy and lazy in many ways, etc. Not stupid.

          The incredible number of gigantic income streams they DIRECTLY manipulate - traditional stocks and options sure, what about their scam coins (bribery funnels)? What about Kalshi and Polymarket where the crime family is on the board of both, directly influencing world events and the related bets?

          The various other ways Trump has said “world leaders if you simply give money to this thing here…”?

          But sure, they’re just stupid I guess. So stupid they and all their friends are just getting richer and richer with every fucking awful thing they do, cuz they get to telegraph it and profit from the foreknowledge every goddamn time, whether it’s good news or bad news for everyone else, it’s all just profit for them.

          Please stop calling these people stupid.

          • rapchee@lemmy.world
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            12 hours ago

            to be clear, i meant it that these people are dumb and evil, previous ones were shrewd and evil
            it’s just more obvious that they are evil, because they are stupid

            • PolarKraken@lemmy.dbzer0.com
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              12 hours ago

              Well, I hear you, but I really couldn’t disagree more. They correctly assessed they can do it all openly, they were right, and now it’s much easier. They were ahead of the curve, they are actively profiting in extreme, ridiculous ways from their correct assessment and follow-through - you’re the one behind here, clinging to the old rules that clearly barely apply today. Not trying to antagonize or be a jerk, hope it’s not coming across deliberately jerky, I just really think it’s a dangerously incorrect misunderstanding you have.

              There is nothing whatsoever stupid or accidental about the exact stuff you’re describing from them. It just doesn’t work toward ends that you easily recognize, and thus looks stupid to you, but again, only because your world model is badly out of date now. Incidentally, everyone like you that is failing to update quickly is making it all work even better. This is what I mean. What you’re saying is not just wrong, it’s dangerously wrong.

              • rapchee@lemmy.world
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                11 hours ago

                i might be too optimistic, but i think they are screwed in the long term, the dems could have will-they won‘t-they-d progressives forever, but trump had to get EVERYTHING and now even fans seem to turn away
                then again, i’m not an american, maybe i don’t feel the temperature correctly over the pond

  • Hemingways_Shotgun@lemmy.ca
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    17 hours ago

    In any other country on earth, Trump would have been dragged into the street a lynched by now.

    I think the best American’s can hope for is that his own security detail order 66’s him.

  • DandomRude@piefed.social
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    1 day ago

    It’s really remarkable how blatantly corrupt a government can be. Well, not really, because it’s just the logical consequence of the fact that even the most serious crimes go unpunished in the U.S.

    What’s almost funny is that so many U.S. citizens still insist they live in a country governed by the rule of law. I have no idea how they can still believe that, given what happens there every single day.

    But then it’s not funny anymore, because the consequences for the whole world are so dire.

    • SpaceNoodle@lemmy.world
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      1 day ago

      Only the most serious crimes go unpunished. The little people get abused, killed, or just disappeared for doing things like protecting each other.

    • HasturInYellow@lemmy.world
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      1 day ago

      I have been saying for months the laws are dead. The social contract has been incinerated. Our nation is dead, irrecoverable.

      • Barbarian@sh.itjust.works
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        24 hours ago

        Never say never. In 1986, it was utterly unthinkable that the dictator of my country (Romania) would ever be overthrown. 3 years later, he fails a mad scramble to get out of the country and ends up being executed.

        Might not be visible now, might not be for years, but there’s always possibility.

        • Bluescluestoothpaste@sh.itjust.works
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          15 hours ago

          Well yes we’re gonna need an entirely new constitution, and because the US is so geographically spread out will probably end up with a few nation states. The US as a nation is dead, we don’t knw yet what new nations will arise from the ashes.

        • HasturInYellow@lemmy.world
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          21 hours ago

          If that were to happen, the laws that govern this nation would need rewritten entirely. The regulations that govern business need rewritten. The foundations of our social contract must be renegotiated.

          I don’t want to live in a nation populated by Nazis or their supporters. If there is no punishment for them, the nation remains dead permanently. Nazi Germany did not go far enough in punishing the perpetrators. Japan did not go far enough in punishing the perpetrators.

          I don’t think it is safe for society to allow them to simply duck their heads and be folded back in. These are dangerous, selfish, hateful people who will do everything in their power to undermine society and to teach their children to do so after them for decades after this.

          Everything happening now is directly trackable to the civil war and the sabotaged/failed reconstruction that allowed hatred, racism and resentment to fester. It was never dealt with in government, in fact, the government often encouraged it.

          I do not want to repeat history. I want a society of people who want to be a part of that society. Not forced into it by exploitation and coercion. I don’t want society to be more akin to a back alley mugging where most of us are unable to leave, despite desperately wanting to.

          • Barbarian@sh.itjust.works
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            20 hours ago

            I fully agree with your goals (last paragraph). Literally all I was disagreeing with was the finality of it, that your country is permanently wrecked. It is currently wrecked, but nothing is fully permanent, and with enough time (talking a decade at an absolute minimum, more likely multiple decades) and people commiting real effort, this is fixable.

            • HasturInYellow@lemmy.world
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              20 hours ago

              We have different meanings of the word country, is all

              The United States is dead. The people where it once stood could make a good society again, it will just not be anything like the one before.

        • AA5B@lemmy.world
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          21 hours ago

          Rump is quite old and has health problems, he can’t have many years left. Meanwhile this has all the appearance of a personality cult, with no obvious successors: we can’t afford hope it all falls apart and we can begin to recover

          • WizardofFrobozz@lemmy.ca
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            20 hours ago

            American culture created Trump.

            When he’s gone, the rot will remain until your Nazis are sufficiently afraid or sufficiently dead.

            • AA5B@lemmy.world
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              15 hours ago

              I can’t deny that but I can hope that they’ll no longer have a golden idol to rally around or an authority telling them it’s ok.

              We need to at least get back to the point where these behaviors are not socially acceptable, are not encouraged by elected officials, and ARE legally accountable

              • WizardofFrobozz@lemmy.ca
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                10 hours ago

                You need to understand that there is no longer any legal way to make them “not socially acceptable.” MAGA trash needs to be genuinely afraid.

    • Wilco@lemmy.zip
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      1 day ago

      We now live in a country of Contract Law. If you manage to get someone to sign a contract and fuck them over then you are golden within the US court system. If you want justice or a fair settlement against a corporation … that is like a legal unicorn when it happens.

    • A_norny_mousse@piefed.zip
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      1 day ago

      I have no idea how they can still believe that, given what happens there every single day.

      They don’t know. The sort of info they get either leaves out such things or twists them in a way that makes MAGA look good.

      And if something still gets through it can be dismissed as “probably fake, created by haters”.

      But all this is - well, I’d be too optimistic if I said “crumbling”, but it’s becoming so transparent here and there that even (some of) those propaganda-fed thought-resistant fools can see it.