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$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

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Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#191

Post by sethammons »

koolba wrote: post #153
mattkevan wrote: post #140

Earlier quoted context omitted.

Bold to assume there are going to be elections. All it needs is some kind of emergency, genuine, imaginary or self-inflicted, and ‘Oh no, we can’t possibly hold elections until our time of national crisis is over.’

You mean like Ukraine?

> Asked whether he’d trade his office for peace, Zelensky told a journalist, “I can trade it for NATO.”

https://thehill.com/policy/international/5159951-ukraine-pre...

Zelensky is not seizing power. Elections suspended during active, home-turf wartime is normal.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#192

Post by nabla9 »

yard2010 wrote: post #180
m2f2 wrote: post #142

As a foreigner I cannot comment on this, else I will be rejected at the airport by the ICE. That's called freedom my friends.

[flagged]

The reality is more nuanced.

Take China for example. People do criticize the government online all the time. It's just that criticism magically disappears before it reaches critical mass. Generally China does not throw people (Han Chinese, minorities are different) into gulag for posting against the government. They are just constantly censoring and shaping the discussion. Only after they can't contain something they step up. Even then, there is often a phone call first. They try to be efficient.

People have rebel fantasy that US tuns into fascist dictatorship. What really happens is that US turns into illiberal democracy like Hungary. There is constant headwind going against the government or voicing your opinion, you don't get fair treatment and opportunities. Most people just stop resisting when it's somewhat inconvenient. You can still post anything but it is drowned by algorithms.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#193

Post by miramba »

yard2010 wrote: post #180
m2f2 wrote: post #142

As a foreigner I cannot comment on this, else I will be rejected at the airport by the ICE. That's called freedom my friends.

[flagged]

Which parts would that be? Curious about the standard applied here.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#194

Post by flawn »

yard2010 wrote: post #180
m2f2 wrote: post #142

As a foreigner I cannot comment on this, else I will be rejected at the airport by the ICE. That's called freedom my friends.

[flagged]

What? So this is freedom of speech? Are you kidding me? As soon as you can't talk about one thing, your whole freedom is *gone*

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#195

Post by evrydayhustling »

cft wrote: post #124
dlkmp wrote: post #117

Earlier quoted context omitted.

But does provide services the entire world depends on.

there's no reason that one government should control that currency.

Trust was its own reason. It's useful for the whole world to have a currency and business environment that operates by rules, even when the rules aren't perfect or fair.

That environment isn't being outcompeted by better, more fair rules - it's just getting vandalized for a few people's gain, and creating risk for everyone else .

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#196

Post by Almondsetat »

wesselbindt wrote: post #189
Almondsetat wrote: post #185

Earlier quoted context omitted.

Capitalism actually thrives where there is only 1 regulation: total transparency. After all, if we go by the classic definition of free market competition we have customers who have perfect knowledge of every product and the products are very similar and etc. etc. Who cares if someone at the WH does insider trading? In a transparent system people would be able to trace back every transaction and realize something is…

> could act accordingly Concretely, what are you thinking of here?

Simply copy their positions. But if everyone's position were available, insider trading wouldn't even exist because it would give the game away

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#197

Post by rapnie »

master-lincoln wrote: post #190
eastbound wrote: post #164

Earlier quoted context omitted.

I know I’ll be downvoted but, since we’re going straight for scorched land, I prefer to voice it. I think most voters think like me “I still prefer Trump to a leftist government”: - Was there any need to be so extreme in terms of wokeness on the left? I am directly threatened by their program. Was there really any need to go for such a degree of revolution, ensuring everyone sensical would vote Trump? Could the left…

What left are you talking about? The Democratic Party in the USA would be seen as neo-liberals too from outside the US. Calling it "the left" just shows how delusional the society in the USA seems to have become...

The whole left/right thing has been weaponised to distract from the up/down, top/bottom real issue.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#198

Post by fabian2k »

eastbound wrote: post #164
rapnie wrote: post #83

Earlier quoted context omitted.

Not just sad to watch . Would a country with a low-trust business environment be allowed to have such a huge mountain of government debt, and continue to have its currency be the world's reserve currency? A lot of sadness hinges on those considerations.

I know I’ll be downvoted but, since we’re going straight for scorched land, I prefer to voice it. I think most voters think like me “I still prefer Trump to a leftist government”: - Was there any need to be so extreme in terms of wokeness on the left? I am directly threatened by their program. Was there really any need to go for such a degree of revolution, ensuring everyone sensical would vote Trump? Could the left…

They're not saving money so far, they have been spending more money than the government spent in 2024. And in those cases where they will spend less they also did enormous damage, e.g. cancelling clinical trials midway through. This is pure destruction, not efficiency.

And your woke argument is a pure strawman. What were those extreme positions by Kamala Harris?

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#199

Post by consumer451 »

pirate787 wrote: post #187
consumer451 wrote: post #162

Earlier quoted context omitted.

Personally, I would argue that the corruption afterburner kicked in with Citizens United v. FEC. This was like giving a crack addict a feedback loop which gives them more crack. Of course it was going to end badly. We could discuss many possible points of inflection, but I don't want to dilute the undeniable power of the phrase "trust is efficient." However we got here, whatever one's politics, you cannot argue again…

Yet Kamala and her supporting PACs had two or three times the funding that Trump had.

There is no need to get left/right political here. There are two political parties in the USA, and they both hit the feedback loop of $crack. One might have led to low-trust faster than the other, but they are both $crack addicts in the end.

Just to be clear as to what this means in politics on the ground... left or right, if you have a political position which disagrees with the biggest money, they will primary you. So, left or right, generally speaking, you only see politicians finally standing up for their morals when they are no longer up for election. The most obvious recent example of this is Mitch McConnell.

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