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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[–] bitjunkie@lemmy.world 2 points 16 minutes ago

Yes, we fucking know.

[–] tostane@thelemmy.club 4 points 1 hour 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.

[–] Email@lemmy.world 1 points 16 minutes ago
[–] sturmblast@lemmy.world 50 points 3 hours ago (1 children)

Most corrupt administration ever

[–] smeenz@lemmy.nz 36 points 2 hours ago (1 children)

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

[–] Typhoon@lemmy.ca 1 points 11 minutes ago

Because they know the American people won't stop them.

[–] kautau@lemmy.world 63 points 6 hours ago (2 children)

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

[–] smeenz@lemmy.nz 8 points 2 hours ago (1 children)

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

[–] TargaryenTKE@lemmy.world 3 points 52 minutes ago

Very similar, yes

[–] AlsaValderaan@lemmy.blahaj.zone 13 points 5 hours ago

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

[–] DandomRude@piefed.social 109 points 8 hours 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.

[–] Wilco@lemmy.zip 12 points 5 hours 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.

[–] SpaceNoodle@lemmy.world 26 points 8 hours 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 19 points 8 hours 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 19 points 4 hours ago (2 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 5 points 1 hour ago (1 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.

[–] Barbarian@sh.itjust.works 2 points 32 minutes ago (1 children)

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 1 points 28 minutes 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 3 points 1 hour ago (1 children)

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 2 points 45 minutes ago

American culture created Trump.

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

[–] A_norny_mousse@piefed.zip 10 points 7 hours 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.

[–] fizzle@quokk.au 71 points 8 hours ago (2 children)

Outright unashamed corruption.

[–] 8oow3291d@feddit.dk 12 points 3 hours ago (1 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.

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.

[–] Modern_medicine_isnt@lemmy.world 24 points 8 hours ago (1 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.

[–] fizzle@quokk.au 10 points 6 hours ago (1 children)

Yeah but these days they're just doing full mask-off extra-corrupt just-pay-me-bitch corruption.

Like paying $1bn to the "board of peace" of which Trump is the supreme chairperson eternal ?

[–] smeenz@lemmy.nz 1 points 2 hours ago (1 children)

I bet that group is working hard around the clock on the Iran problem ...

Right ?

.... right ?

[–] fizzle@quokk.au 2 points 2 hours ago

Yeah, I mean it's in the name. When things aren't peaceful this dynamic team of diplomatic masterminds goes to work.

[–] Mountaineer@aussie.zone 79 points 9 hours 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.

[–] VinegarChunks@lemmus.org 7 points 3 hours 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.

[–] BarneyPiccolo@lemmy.today 30 points 7 hours ago (1 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.

[–] endlesseden@pyfedi.deep-rose.org 2 points 45 minutes ago

it's almost as if global markets should see the US markets as rogue and cut off their value. treating all US stocks as void.

would solve the problem overnight.

[–] Zier@fedia.io 3 points 6 hours ago (1 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.

[–] inari@piefed.zip 8 points 2 hours ago (2 children)

Zero chance of happening. I'd love to be proven wrong, though.

[–] stringere@sh.itjust.works 1 points 28 minutes ago

I'm so tired of not being wrong.

[–] AA5B@lemmy.world 1 points 1 hour ago* (last edited 1 hour ago)

I’ll take all the Trump family and ass-kissers with jail time and loss of the money they looted

[–] BigTuffAl@lemmy.zip 11 points 9 hours ago

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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