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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.

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[-] Gammelfisch@lemmy.world 15 points 17 hours ago

The SEC will ignore the blatant insider trading. Fuck them too.

[-] floquant@lemmy.dbzer0.com 22 points 19 hours ago

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

[-] JustAnotherPodunk@lemmy.world 5 points 12 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.

[-] 6stringringer@lemmy.zip 1 points 10 hours 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!

[-] Mulligrubs@lemmy.world 7 points 17 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

[-] DarkFuture@lemmy.world 28 points 23 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.

[-] jefferyjefferson@lemmy.org 1 points 10 hours ago

It's what happens when an entire generation never grows up.

[-] switcheroo@lemmy.world 9 points 19 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.

[-] qevlarr@lemmy.world 2 points 11 hours ago* (last edited 11 hours ago)

This is probably legal

America, fuck yeah!

[-] Mulligrubs@lemmy.world 9 points 17 hours ago

Narrator "No one went to jail. Now, a word from our sponsor Lockheed."

[-] Doom@lemmy.world 44 points 1 day 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.

[-] tsfehsim@lemmy.zip 21 points 23 hours ago

It’s a big club, and you ain’t in it.

[-] metakrakalaka@lemmychan.org 32 points 1 day ago

Do workers still think we shouldn't take the wealth of our rulers by force?

[-] jtrek@startrek.website 15 points 1 day 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.

[-] MortUS@lemmy.world 8 points 1 day ago

Looking at the broad majority Yes.

[-] dellish@lemmy.world 10 points 21 hours ago

And may every ~~day~~ trade be another wonderful secret.

[-] BillCheddar@lemmy.world 6 points 19 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 3 points 11 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 1 points 11 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 1 points 11 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.

[-] sturmblast@lemmy.world 89 points 1 day ago

Most corrupt administration ever

[-] smeenz@lemmy.nz 63 points 1 day ago

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

[-] prole@lemmy.blahaj.zone 9 points 1 day ago* (last edited 1 day 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"

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[-] Duke_Nukem_1990@feddit.org 15 points 1 day ago

Most corrupt administration ever

so far

[-] DarkFuture@lemmy.world 4 points 23 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.

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[-] prole@lemmy.blahaj.zone 8 points 1 day ago

And it's not even fucking close. The gall of it.

[-] DandomRude@piefed.social 183 points 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 57 points 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 34 points 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 40 points 1 day 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.

[-] HasturInYellow@lemmy.world 18 points 1 day 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.

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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.

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[-] kautau@lemmy.world 86 points 1 day ago

"Traders"... oh that's strange, they misspelled traitors

[-] smeenz@lemmy.nz 15 points 1 day ago

Those two words sound the same in many American accents, right?

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[-] bitjunkie@lemmy.world 25 points 1 day ago

Yes, we fucking know.

[-] Mountaineer@aussie.zone 103 points 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 41 points 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.

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[-] Adderbox76@lemmy.ca 9 points 1 day 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.

[-] DarkFuture@lemmy.world 6 points 23 hours ago

I honestly never thought Americans were this weak.

We're being abused and asking our abuser for more. It's pathetic.

[-] Soup@lemmy.world 2 points 19 hours ago

Eh, up here in Canada we’re not too far behind. Still better, but the bar is super low and we’re kinda cowards when it comes to standing up for ourselves. Hopefully the most recent utter failure of strategic voting helps, but who knows.

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[-] fizzle@quokk.au 91 points 1 day ago

Outright unashamed corruption.

[-] 8oow3291d@feddit.dk 21 points 1 day ago

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.

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this post was submitted on 24 Mar 2026
795 points (99.7% liked)

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