Earlier quoted context omitted.
But does provide services the entire world depends on.
there's no reason that one government should control that currency.
there's what you think, and then there is reality.
$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
451–460 of 480 posts
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#452Earlier quoted context omitted.
I'm pretty sure that the damage is done. It will take a few years, maybe even a decade, but the USD will no longer be the defacto reserve currency.
I remember when everyone said the Euro was the new reserve currency - even a Bond film used it as a plot point. Came to nothing.
But at that point in time the USA wasn't run by a clown show of grifting circus performers.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#453Earlier 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.
at some point you hit saturation on most anything, doesn't stop the fact that hundreds of millions were spent on both sides. Kamala lost because she was a female of color, not because of policies, no one will ever convince me otherwise. There are just too many misogynists and racists in the USA currently to have both of those working against you unless you're bordering on messianic in charisma
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#454Earlier quoted context omitted.
What would determine whether the SEC will investigate for insider trading? I would expect them to be shielded from executive pressure.
Questionable if there is anything to investigate, definitionally you can't inside trade an index fund.
That's the whole point. It CANNOT have been someone inside all 500 companies. It wouldn't make much sense because those companies did not do anything at the time. It was president Trump's tweet that moved the market. So it can only have been someone that new of Trump's announcement hours before he made that announcement.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#455Earlier quoted context omitted.
No economic system is functional without a bunch of compromises, and capitalism needs strong regulations as a check to keep it from turning absolutely rotten. We're witnessing the removal of all of the guardrails, traffic signals, road maintenance crews. The highway patrols have been replaced by organized teams of highwaymen. It'll get a lot worse before it gets better.
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…
who cares? I care, I want insider traders to go to prison for multiple years. That's not a free market, that's a market of those who know things to manipulated the rest of the market into never ending pump and dump schemes.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#456Earlier quoted context omitted.
> 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
why do you think you would know their positions in time to do anything about it?
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#457Earlier 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.’
Probably much easier to rig the elections, just like dozens of "we're democratic!" dictators have done. Erdogan, Putin, Mugabe, Suharto...
they're already trying to jail the guy who kept 2020 election safe. It's a bad sign lol.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#458Earlier quoted context omitted.
They’re literally fighting for their lives. Nobody wants elections in wartime, not least because polling stations become targets. You need to lay off the MAGA talking points.
> Nobody wants elections in wartime, not least because polling stations become targets. Nobody is a strong word. Lots of people want elections, especially in wartime. And lots of other people don't want elections. But it doesn't matter: the constitution of Ukraine doesn't allow elections during wartime. I think by default constitutional rules should be followed, unless there are very good reasons not to.
Also if the Ukrainians hated it so much they would just side with Russia and form rebel militias all over and apparently that is not happening, I think they know which side has their best interests at heart and which is trying to genocide them.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#459Earlier quoted context omitted.
You keep the receipts for about 4 years and you speak up one minute after the government changes. You get it done long before the following election.
Assuming the President doesn't pardon you for all crimes committed from 2008 until 2030...
the president can't pardon you for crimes in the future. Any lawyer would get laughed out of court and possibly charged with murder of the judge who first heard it because he laughed so hard his heart stopped.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#460Earlier quoted context omitted.
Is congress actually apprised of the tariff developments, or do they learn about them from twitter like the rest of us?
The horrid congresswoman Marjorie Taylor Greene happened to disclose many trades that were clearly front running the tarrif announcements. There is definitely an insiders club communicating these things in advance. https://www.cbsnews.com/news/marjorie-taylor-greene-stocks-t...
I don't think you can say "definitely" but you can definitely say "high possibility of", the president has signaled that the DOJ is okay with white collar crime by his friends and family by firing lots of long term bureaucrats and lawyers known for fighting said white collar crime. He wants to clean house of honest people and put in only sycophants and fellow grifters.