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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[+] 187 points 5 months ago* (last edited 1 month ago) (4 children)
  • [–] 35 points 5 months ago (1 child)

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

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  • [–] 41 points 5 months ago (7 children)

    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.

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  • [–] 18 points 5 months ago (2 children)

    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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  • [–] 17 points 5 months 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.

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  • [–] 12 points 5 months 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.

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  • [–] 103 points 5 months ago (2 children)

    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.

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  • [–] 41 points 5 months ago (2 children)

    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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  • [–] 91 points 5 months ago (3 children)

    Outright unashamed corruption.

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  • [–] 27 points 5 months ago (1 child)

    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.

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  • [–] 21 points 5 months ago (2 children)

    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.

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    [–] 89 points 5 months ago (3 children)

    Most corrupt administration ever

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  • [–] 64 points 5 months ago (8 children)

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

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  • [–] 86 points 5 months ago (2 children)

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

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  • [–] 44 points 5 months 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.

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  • [–] 31 points 5 months ago (2 children)

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

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  • [–] 16 points 5 months 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.

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  • [–] 29 points 5 months ago (2 children)

    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.

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    [–] 25 points 5 months ago

    Yes, we fucking know.

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  • [–] 23 points 5 months ago (1 child)

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

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    [–] 21 points 5 months ago

    It’s a big club, and you ain’t in it.

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  • [–] 20 points 5 months ago

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

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  • [–] 12 points 5 months ago (2 children)

    hey how does it usually go for Fiat currencies based entirely upon the whims of a dying despot

    is that a sell

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    [–] 10 points 5 months ago (3 children)

    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.

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    [–] 10 points 5 months ago (1 child)

    iran seem smart they seen trump say the same lies with ukrane then russia would attack ukrane hard. like who side is trump on.

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    [–] 10 points 5 months ago

    And may every day trade be another wonderful secret.

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  • [–] 9 points 5 months ago (8 children)

    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.

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    [–] 8 points 5 months 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

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  • [–] 7 points 5 months ago (4 children)

    When we get a Democratic government back, and they sue trump for all the insider trading and stock market manipulation he has done, they need to take all the money he gained as the fine. Plus jail time.

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    [–] 6 points 5 months ago (4 children)

    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.

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