Insider trading as a service, and conveniently a bribe subscription for the president. Two for the price of one!
More than 10 firms pay up to $100k a month for access to Truth Social posts
311–320 of 336 posts
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#312Earlier quoted context omitted.
> Did the US? I would argue it’s been going on for 80 years, in tandem with the rise of the military industrial complex. That's pretty fast, historically. > But the US was never really an empire in the traditional sense, no? Sure it was/is. https://en.wikipedia.org/wiki/American_imperialism
Not to get weighed down in pedantry, but the Wikipedia article is “American imperialism”, not “the American empire”. Taking imperialist actions is a low bar for determining what is or what is not an empire. I wouldn’t call Yugoslavia an empire, as an example. Even the USSR is tough to call an empire, for some reason. Maybe because it collapsed so quickly. Now that I peruse a bit, I guess scholars use the term “imperi…
How is USSR, a direct continuation of the Russian Empire, not an empire?
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#313Earlier quoted context omitted.
The guy with 5 karma after 8 years has thoughts about the problems with HN. Amazing. My comment is undeniable fact. That it offends some people like you is not something you have the right to be protected from.
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Firstly, the upvote please nonsense betrays that you really don't know HN. I post these comments knowing that they're going to get downvoted, and I'm perfectly fine with that given that I'm not a snowflake. HN abhors political discussions, which is why these sorts of submissions usually get flagged off the front page quickly.
Secondly, if by Republicans you're referring specifically to the Trump abomination that has completely perverted the Republican party into a grifting party of unbelievable stupidity, extraordinary levels of racism, and self-destruction while the country is being looted in the open, yes, that's true. Republicans bad. I mean, it used to be the party of sober competence and steadfast steering, now it's a fucking joke (and one where the only fans left are the really, really bad people). If this offends you, too bad, the observation is utterly true.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#314Earlier quoted context omitted.
I think the whole “empire collapsing” is a bit of a dramatized phrasing, though historians can correct me. I think it’s much more death by a thousand cuts, and the UK is a great analogue in that regard. Look at Brexit, for example. Or Black Wednesday, from which the US’s esteemed Treasury Secretary profited handsomely. The UK’s decline has taken centuries, though, and there are many events that one can point to. I th…
> I think the whole “empire collapsing” is a bit of a dramatized phrasing, though historians can correct me. I think it’s much more death by a thousand cuts, and the UK is a great analogue in that regard. Didn't the UK's empire notably collapse quite rapidly?
Yes, and the Hormuz crisis looks to be for the US what the Suez crisis was for the British. I agree with the earlier comment - the US isn't coming back from this. We've all seen it now. The emperor has no clothes.
Turns out the US has just been a bully all along with no real ability to project power sufficiently to actually wage a war where it matters. China and Russia have both had front row seats to this embarrassment and have surely come to their own conclusions.
After all that post cold war hubris and 'end of history' nonsense. To think that the West's the old communist foes might come out on top. I have a strong feeling that we aren't just witnessing the decline of US imperialism, but liberal democracy itself (or at least the neoliberal flavour of it). This is the decline of the Western empire - led by the US. And self-inflicted to boot.
Yes, this is just my opinion.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#315Earlier quoted context omitted.
If everyone has the same conclusion, how is it an argument? Nobody thinks the US won in Iran except the morons that started it. Maybe bigOil feels like its a win as their profits are soaring???
No, I mean - the US has arguably already lost . It (almost unanimously) has no sign of winning . But it could, maybe, still win in the future. In short the argument is: can the US still win in any sense?
If it leads to the US staying away from future wars then it in one sense it could be a win - for regular Americans. But I doubt that very much. The US state is a machine geared to war and exploitation in too many ways. More of the good people in the US need to be aware of this - it's painfully obvious to the recipients of US foreign policy.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#316Earlier quoted context omitted.
> nobody should have been taking the US seriously maybe since Reagan. Finance, science and war were the only areas you could count on the US That was plenty of reasons to take the country seriously! Also, the US has been the most powerful cultural exporter for a very long time. It’s still the case, whenever anything becomes huge in the US we get our local version in each European countries. Our far right parties are…
Have you seen the state of AAA gaming and blockbusters lately? Even music is being utterly destroyed by the streaming platforms and record labels greed, so yeah it might have been in the 80s up until the 2010s, but enshitification got the best of the US I'm afraid so not even culture anymore. It's just decacence. It's not all US, but as you said things start in the US and trickles down across the rest of the world, s…
I don't think they're merely referring to media/arts as culture.
Enshittification is culture too, and it's certainly spreading.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#317Earlier quoted context omitted.
Sorry, as an outsider, I think it has been a clown show for much longer. The whole Hunter corruption scandal in Ukraine + the laptop made it quite clear to me back then. And I can go on.
yep, they have a hard time grasping the fact that its been the same for the past 40-60 years the only exception now is not the corrupt administration, but the one being the most inept and blatant at being corrupt as opposed to its predecessors
There's a Trump hate raging, but, as you also have seen: it's nothing new.
Just the crazy partisanism that's going on in the states blinds people to the fact that they are not ruled by one part of the other, but that the parties are the smoke and mirrors of the non-democratic, unelected, unaccountable, unseen actual govt.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#318Earlier quoted context omitted.
Insider trading requires breach of duty, if you don't have fiduciary duty with who you're trading against it's not insider trading. The required chain in the link is someone inside a contractual agreement providing information. It's right in your own link, the filing-agent employee was convicted because he stole information he was contractually obligated to protect. Remove that obligation and there's no case. Truth S…
That is absolutely not true. Your brother in law gives you insider information and you use it, you go to prison. You have no fiduciary duty, but you still had insider information. I have seen this happen in real life.
it is true, look it up — the brother in law works because there's breach of duty in the chain ... in the truth social case there's no breach of duty if the president is the one shifting the market without a direct link in the chain.
Companies aren't saying "hey we want you to manipulate the market for us" — the president is just outright manipulating it, telling people he knows ahead of time, and reaping the profits that way. There's no fiduciary duty involved at all, so it won't be considered insider trading... you don't even have to believe me, this is literally how it's playing out...
This situation is completely untested by the courts.
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#319Earlier quoted context omitted.
yep, they have a hard time grasping the fact that its been the same for the past 40-60 years the only exception now is not the corrupt administration, but the one being the most inept and blatant at being corrupt as opposed to its predecessors
There's a Trump hate raging, but, as you also have seen: it's nothing new. Just the crazy partisanism that's going on in the states blinds people to the fact that they are not ruled by one part of the other, but that the parties are the smoke and mirrors of the non-democratic, unelected, unaccountable, unseen actual govt.
exactly, yep
Re: More than 10 firms pay up to $100k a month for access to Truth Social posts
#320Earlier quoted context omitted.
That is absolutely not true. Your brother in law gives you insider information and you use it, you go to prison. You have no fiduciary duty, but you still had insider information. I have seen this happen in real life.
it is true, look it up — the brother in law works because there's breach of duty in the chain ... in the truth social case there's no breach of duty if the president is the one shifting the market without a direct link in the chain. Companies aren't saying "hey we want you to manipulate the market for us" — the president is just outright manipulating it, telling people he knows ahead of time, and reaping the profits…
“The chain” and “fiduciary duty”, which I feel you’re putting too much weight on, are not really relevant, IMO, because (and to my surprise, I’ll admit, “insider trading” is still not really defined in law:
https://www.congress.gov/crs-product/IF11966
> Despite the attention insider trading attracts, legislators have not enacted a statutory definition for the offense.
But in any event; the sitting US president certainly has a “fiduciary duty” and responsibility to all Americans; whatever he’s doing now is not that.