this post was submitted on 24 Mar 2026
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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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[–] DandomRude@piefed.social 187 points 3 days ago (4 children)

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 60 points 3 days 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 35 points 3 days ago (1 children)

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 41 points 3 days 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.

[–] HasturInYellow@lemmy.world 16 points 3 days 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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[–] Wilco@lemmy.zip 17 points 3 days 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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[–] Gammelfisch@lemmy.world 20 points 2 days ago

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

[–] sturmblast@lemmy.world 89 points 3 days ago (3 children)

Most corrupt administration ever

[–] smeenz@lemmy.nz 64 points 3 days ago (8 children)

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

[–] prole@lemmy.blahaj.zone 10 points 2 days ago* (last edited 2 days 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 2 days ago (3 children)

Most corrupt administration ever

so far

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[–] prole@lemmy.blahaj.zone 8 points 2 days ago

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

[–] floquant@lemmy.dbzer0.com 22 points 2 days ago (1 children)

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

[–] JustAnotherPodunk@lemmy.world 5 points 2 days 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.

[–] Doom@lemmy.world 42 points 2 days 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 29 points 2 days 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.

[–] jefferyjefferson@lemmy.org 2 points 2 days ago

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

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[–] kautau@lemmy.world 86 points 3 days ago (2 children)

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

[–] smeenz@lemmy.nz 15 points 3 days ago (1 children)

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

[–] TargaryenTKE@lemmy.world 9 points 2 days ago

Very similar, yes

[–] AlsaValderaan@lemmy.blahaj.zone 15 points 3 days ago

Did you say "bets"? Wait nevermind, if you know the outcome it's not a bet.

[–] metakrakalaka@lemmychan.org 31 points 2 days ago (2 children)

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

[–] jtrek@startrek.website 16 points 2 days 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 2 days ago

Looking at the broad majority Yes.

[–] Mountaineer@aussie.zone 103 points 3 days 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.

[–] BarneyPiccolo@lemmy.today 41 points 3 days 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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[–] VinegarChunks@lemmus.org 10 points 3 days ago

I would say it’s an extremely blurred line, not a clear difference.

From the perspective of citizens entrusting elected leaders with massive powers they should be considered identical.

[–] fizzle@quokk.au 91 points 3 days ago (3 children)

Outright unashamed corruption.

[–] 8oow3291d@feddit.dk 21 points 3 days 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.

[–] Throbbing_banjo@lemmy.dbzer0.com 19 points 3 days ago (1 children)

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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[–] Modern_medicine_isnt@lemmy.world 27 points 3 days ago (4 children)

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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[–] tsfehsim@lemmy.zip 21 points 2 days ago

It’s a big club, and you ain’t in it.

[–] bitjunkie@lemmy.world 25 points 2 days ago

Yes, we fucking know.

[–] switcheroo@lemmy.world 10 points 2 days 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.

[–] Mulligrubs@lemmy.world 10 points 2 days ago

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

[–] stylusmobilus@aussie.zone 1 points 1 day ago

lol yeah righto

[–] qevlarr@lemmy.world 2 points 2 days ago* (last edited 2 days ago)

This is probably legal

America, fuck yeah!

[–] Mulligrubs@lemmy.world 8 points 2 days 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

[–] dellish@lemmy.world 10 points 2 days ago

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

[–] BillCheddar@lemmy.world 6 points 2 days 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.

[–] qevlarr@lemmy.world 3 points 2 days 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 2 points 2 days 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.

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[–] Adderbox76@lemmy.ca 9 points 2 days 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.

[–] DarkFuture@lemmy.world 6 points 2 days ago

I honestly never thought Americans were this weak.

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

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[–] tostane@thelemmy.club 10 points 3 days ago (1 children)

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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