Trump's 'buy' tip on social media before his tariffs pause made money for investors who listened
Trump offers 'buy' tip on social media hours before tariff pause that made stocks soar
And to think, Martha Stewart went to prison for something far milder.
That was back when they would weaponize celebrity prosecutions to keep everyone else in line - Martha Stewart for insider trading, Willie Nelson for tax evasion, etc. When the rubes see an occasional celebrity get punished, they get back into line like good little serfs.
Martha Stewart for insider trading, Willie Nelson for tax evasion
Tommy Chong for bongs.
Martha Stewart wasn’t actually convicted for insider trading, the judge threw that charge (securities fraud) out saying that no competent juror could find her guilty of it.
I can’t remember if the true basis for dismissing the charge was lack of evidence or a judicial determination, but if it was the latter that’s pretty damning (that investigators didn’t have a case); as a determination of innocence presumes all evidence is factual, to a reasonable extent, and a determination of no crime having taken place does the same in concluding that the evidence describes no crime relating to the dismissed charge having taken place. A kind of legal non-sequitor.
Prosecuted by none other than Comey, whose actions we can directly blame for giving us this dipshit in office, years later.
He cooked up charges to take down the first woman billionaire, then did almost the same thing to stop the first woman president.
Isn't this one big case of insider trading?
Well, yes. This is going to be one grift after another, with nazi stuff thrown in.
This is exactly it.
I believe so, but they're going to use the public tweet to argue that the tip was public. "It's not insider trading if it's all out in the open."
Mafioso shit.
“It’s not insider trading if it’s all out in the open.”
It's market manipulation. Still a crime, though we all know nothing will be done about it.
Insider trading is not illegal per se. It comes with various restrictions depending on who you are but they don't apply to everybody.
This is just corrupt as shit, which is seemingly perfectly allowable.
Insider trading is where the one doing the trade has insider information. This "tweet" ("Truth"?) cannot be insider information by definition.
Could Trump administration figures do insider trading on the basis of more explicit insider information? Absolutely. Does this message prove any of that? No.
Correct, not insider trading, just an egregious abuse of power justifying his removal from office.
Plausible deniability - there was a public recommendation by a stable genius. Maybe people read his media site and follow his recommendations. Stranger things are happening every day
And orangeboi made himself above the law
It's almost like the whole thing is a con, designed to siphon all money from the rest of us into the bank accounts of the 1%.
The best part is that when they manage to fuck up on an industrial scale and crash their insider trading money printer, the taxpayers end up bailing them out.
The whole world suffers, and they use the people’s money to buy the dip and profit even more when the fixed game comes back online shortly.
Twice. Spit roasted.
Tariffs feed paycheque to paycheque money from the 99% to the government, which is openly funneling it to the 1%.
Meanwhile they’re manipulating the market on a global scale with the backing of the 0.01% and the wealth of the 99.99% as hostage, allowing them to effectively transfer the savings of the 99% to the 1%.
And it’s just being allowed. These are the fucking bad guys in the movie building a spaceship ark for the elite instead of stopping the SharkWeekCano from destroying the galaxy and I guess everyone missed the messages in the movies to put it mildly.
Reagan only said “trickle down economics “ because pee jokes offend.
Edit: oh shit, I forgot that they’re also taking everyone’s public services with some kinda double-dong by gutting the IRS and firing the civil service. Also moving money upwards to those the IRS can’t even fight for the meager tax the elite won’t pay while taxes will rise at a local level for those that don’t want their towns to burn down or have schools. I guess it keeps the spit stable.
Hey I'm sorta new to lemmy. How are you posting gifs/images? It won't let me do any such thing.
In iOS on my instance sh.itjust.works in the Voyager app, I can hold my finger down on a gif, then I can either copy it and paste it into my comment, or I can add it to the photos app which then makes it available down the road anytime I want because they are all organized into the ‘animated’ category in photos. On MacOS in safari I actually have to right click the gif and save the file to the folder. At this point wherever I am if I am in voyager I then click the ‘picture’ button in the voyager comment toolbar and either browse for my animated photo or browse my folders for the GIF file.
I'm not the savviest, but I think it's kinda like turning a description into a url ---> [description into a url](https://example.com/)
I think you just need an exclamation(!) in front of the brackets[] and no description needed between brackets
Now if someone could explain to me what the exclamation(!) does, or why it's needed, I would appreciate it
It's so obvious that this was deliberate market manipulation from the beginning. People seem to forget that he's done this monthly since his innauguration. Its like its his menstrual cycle or something.
Only a corrupt president could do this type of market manipulation, so of course he would exploit that opportumity ruthlessly.
And this isn't the last time, he will do it again. He announced a 90 day pause, so maybe he's going to slow it down, since this one got so hot it threatened to boil over.
How is that mysogynistic? Men know about female biology, too, you know, and we're allowed to refer to it. Nothing I said was disparaging toward women, it was simply an observation that his cyclical market manipulation is as inexorable as another human cycle. It was a metaphor, not a judgement on women.
If I could have thought of a male biological cycle that would have fit the metaphor, I might have, but I dont know of one that would work as well.
So, now you are stalking me, so you can call me out everytime I recognize that females roam the Earth? Grow the fuck up.
Sounds like it's somebody's time of the month
Crazy that it's so transparent
I am not sure about this, but that first spike might correspond with his tweet of 'buy now' before he tweeted about pausing the tariffs. If that's true this is a whole less about secret information for his best buddies and much more about people blindly following his stock market 'advice'. Immoral either way though.
"It was a prescient call by the president. Maybe too prescient"
It's not "prescience" when it's deliberate.
Scam president.
Blatant global stock manipulation. Jail. Jail jail.
“It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering,” wrote White House spokesman Kush Desai.
It's just nonstop.
EDIT: Also, it doesn't sound like Trump is saying "buy stock in general", but "buy stock in my overpriced social media company (DJT)" which isn't even going to be a particularly good example of a company especially impacted by tariffs.
"investors" 🙄😆
The same justification we give other scams like crypto: greed. Some of us made money at the expense of more people who lost even more, so it's okay.
only green mario can save us now.
Stock market manipulator-in-chief
The Art of the Steal
Are we fonna circle around to the "it's not illegal because he did it in the open" line again or are they gonna try something new
Nothing he does while president is illegal. They took care of that already. Not a damn thing we can do. I mean, there’s one.
This foreigner ain't buying any dollar-denominated stocks. The long term prognosis doesn't look great.
Oh.my.god he posted "buy"????