And to think, Martha Stewart went to prison for something far milder.
post
Isn't this one big case of insider trading?
Well, yes. This is going to be one grift after another, with nazi stuff thrown in.
I believe so, but they're going to use the public tweet to argue that the tip was public. "It's not insider trading if it's all out in the open."
Mafioso shit.
That's honestly an interesting strategy. Trump is immune from the law so he can signal to his cronies using public social media posts and everyone walks away scott free
“It’s not insider trading if it’s all out in the open.”
It's market manipulation. Still a crime, though we all know nothing will be done about it.
Insider trading is not illegal per se. It comes with various restrictions depending on who you are but they don't apply to everybody.
This is just corrupt as shit, which is seemingly perfectly allowable.
Insider trading is where the one doing the trade has insider information. This "tweet" ("Truth"?) cannot be insider information by definition.
Could Trump administration figures do insider trading on the basis of more explicit insider information? Absolutely. Does this message prove any of that? No.
Plausible deniability - there was a public recommendation by a stable genius. Maybe people read his media site and follow his recommendations. Stranger things are happening every day
And orangeboi made himself above the law
It's almost like the whole thing is a con, designed to siphon all money from the rest of us into the bank accounts of the 1%.

The best part is that when they manage to fuck up on an industrial scale and crash their insider trading money printer, the taxpayers end up bailing them out.
The whole world suffers, and they use the people’s money to buy the dip and profit even more when the fixed game comes back online shortly.
Twice. Spit roasted.
Tariffs feed paycheque to paycheque money from the 99% to the government, which is openly funneling it to the 1%.
Meanwhile they’re manipulating the market on a global scale with the backing of the 0.01% and the wealth of the 99.99% as hostage, allowing them to effectively transfer the savings of the 99% to the 1%.
And it’s just being allowed. These are the fucking bad guys in the movie building a spaceship ark for the elite instead of stopping the SharkWeekCano from destroying the galaxy and I guess everyone missed the messages in the movies to put it mildly.
Reagan only said “trickle down economics “ because pee jokes offend.
Edit: oh shit, I forgot that they’re also taking everyone’s public services with some kinda double-dong by gutting the IRS and firing the civil service. Also moving money upwards to those the IRS can’t even fight for the meager tax the elite won’t pay while taxes will rise at a local level for those that don’t want their towns to burn down or have schools. I guess it keeps the spit stable.
Hey I'm sorta new to lemmy. How are you posting gifs/images? It won't let me do any such thing.
Dunno about desktop but for instance on boost it's the third button above my keyboard
In iOS on my instance sh.itjust.works in the Voyager app, I can hold my finger down on a gif, then I can either copy it and paste it into my comment, or I can add it to the photos app which then makes it available down the road anytime I want because they are all organized into the ‘animated’ category in photos. On MacOS in safari I actually have to right click the gif and save the file to the folder. At this point wherever I am if I am in voyager I then click the ‘picture’ button in the voyager comment toolbar and either browse for my animated photo or browse my folders for the GIF file.
It's so obvious that this was deliberate market manipulation from the beginning. People seem to forget that he's done this monthly since his innauguration. Its like its his menstrual cycle or something.
Only a corrupt president could do this type of market manipulation, so of course he would exploit that opportumity ruthlessly.
And this isn't the last time, he will do it again. He announced a 90 day pause, so maybe he's going to slow it down, since this one got so hot it threatened to boil over.
Crazy that it's so transparent
I am not sure about this, but that first spike might correspond with his tweet of 'buy now' before he tweeted about pausing the tariffs. If that's true this is a whole less about secret information for his best buddies and much more about people blindly following his stock market 'advice'. Immoral either way though.
I suspect that tweet was to obfuscate the insider trading by his cronies.
I was on reddit looking at wall street bets, his tweet was 6 hours before the event happened and 5 hours before the insider trading.
“It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering,” wrote White House spokesman Kush Desai.
-
The administration states that it is going to take an action.
-
Media uncontroversially points out that if the administration does what has said it will do, it is going to create a problem.
-
The administration cancels the action.
-
The administration asserts that media has created a problem by pointing out said problem.
It's just nonstop.
EDIT: Also, it doesn't sound like Trump is saying "buy stock in general", but "buy stock in my overpriced social media company (DJT)" which isn't even going to be a particularly good example of a company especially impacted by tariffs.
The same justification we give other scams like crypto: greed. Some of us made money at the expense of more people who lost even more, so it's okay.
Are we fonna circle around to the "it's not illegal because he did it in the open" line again or are they gonna try something new
This foreigner ain't buying any dollar-denominated stocks. The long term prognosis doesn't look great.



top 50 comments