Trump accused of ‘market manipulation’ with tariff pause
https://www.independent.co.uk/news/world/americas/us-politics/trump-market-manipulation-tariffs-b2730542.htmlOpen linkView original on lemmy.nz1432
Comments188https://www.independent.co.uk/news/world/americas/us-politics/trump-market-manipulation-tariffs-b2730542.htmlOpen linkView original on lemmy.nz
anyone else buy the dip? because you know all his criminal friends did.
I don't, but yes this is very blatant
If the FTC/SEC were staffed, they'd be very upset.
The acting chair of both, SpoogeCannon, of DOGE, has released a statement voicing his concern about this. He said he’ll get to the bottom of where this picture came from and put a stop to it.
DJI with source.
https://finance.yahoo.com/chart/
Just search for DJI and go to 1pm on the 9th.
But OP was on SPY.
must be the biggest insider trading event in history
The biggest most beautiful insider trading, you've never seen bigger insider trading. String him up!
"I get it, people are upset. It's a big deal, a great deal, it might even be the biggest deal in the history of deals. The Democrats are mad about it, very mad. 'He can't do that,' they say. They're poor losers. They tried to make good deals like this. Tried many times. They failed, and they're mad because I didn't. I make the biggest, best deals. But their deals, those are no big deal. I get it, they're mad. Mad that I did what they couldn't. The Democrats lie, they say 'President Trump, you can't do that.' But I could do it. I did do it, and I proved them wrong. Just like when I beat Biden in 2024. They said I couldn't do it. I did it. Just like when I beat Hillary in 2020. I couldn't do it, I did it. Just like with Obama, I did it. They keep saying I can't do this or I can't do that. They say it's impossible to do these things. They say many things, most of them wrong. They don't want to look bad, weak. The Democrats, Antifa, they're weak, so they lie. They think everyone is weak, just like them. That's fine, that's fine. You see, they're copying me now. They see a strong leader, very successful businessman, and they want to be one too. They copy me. They say what I say, do what I do, and they try to stop me. They want to be me, but they don't want me to be me, so they lie and cheat. They rigged the economy, set it to collapse with forced 'vaccines' and wasteful D-E-I. I come here with my tremendous plan, going to make America great again. Bring all the business and jobs back. The Democrats cheat again, they go on CNN. They go on CNN, sell their stocks, rig the market. They didn't think. Stocks are going to go up, way up. Numbers like you've never seen before. And they sold. The tariffs, I paused them. They thought they could cheat, and I turned it around. They lost big. Really big. Real Americans, we're fine. Better than fine. The Democrats, they're not fine. They lost, they're mad. Only the Democrats are upset, it's fine. Nobody should be upset about that. They played their hand and lost, and they're mad. Don't listen to them, they'll get over it. They lie and they cheat, and they lose every time. We're winning, winning big. So big. We're going to win even bigger next week. 300% tariffs on Democrat businesses. No more foreign workers. More jobs for America."
I can't even tell if this is real or satire anymore
Also all those who traded based on the information.
This is the only appropriate response, but Americans would prefer their symbolic cinematic marches with idols giving speeches as opposed to any real solutions.
Do you want to fight the Secret Service?
I want the secret service to uphold their sworn oath to the constitution.
I want lots of things that aren't gonna happen.
There must be a way to surface this info? Surely there are known "insider" accounts one can track?
I wouldn't think it would be public.
There’s a chat we can get added to I’m sure of it
Just install Signal, say you're a journalist, and wait to be added.
It’s SPY with volume. Very standard chart for probably the biggest ETF tracking the S&P.
If you plan to use it, you should know that there was a separate "good news"-event at that point in time. It would not surprise me if insider trading happened, but that spike could also be from the bond auction. As much as I want the US to lose their influence in the world, it's important to not jump to conclusions for political reasons. The spike should be investigated properly, but at this point the US might be too corrupt for that to happen or have consequences.
I was just talking to my coworker at lunch that I’ll create an account and buy the dip. By the time we got back to our desks, I saw the news of the pause and everything shot up.
By the time it hits the mainstream media, it's too late for you or me.
You'd have to be watching the speech, ready to react within a minute it two and you could have caught most of it.
I bought the dip once, years ago. Made like, I donno. Couple hundred bucks. Sold all my crypto at the same time. That was cumulative with the other thing. Made a couple hundred bucks.
That's the great thing about capitalism: anyone can make a ton of money, so long as they have a few tons of money.
Nope because that only works if you have money to buy with
I got a little lucky in that I filed my taxes on Sunday and made my 2024 IRA contributions then. Only some of the funds were available Monday but I was able to buy. I would've bought regardless of the price (I don't really time things) but it worked out nicely.
And nothing will happen. But i bet a new trans athlete will win 5th place in an event somewhere to divert magas attention.
Didn't that already happen? I thought they were all butthurt about some pool competition, like it fucking matters.
My favorite is people complaining about trans competitors in chess
Well you are that's cause they developed a cunning male brain at birth, and now with hormones they also have a crafty female brain. Having two brains is an unfair advantage over the poor cis men and women who only have one brain.
Yes but there hasn't been a new trans athlete winning 5th place
Sorry you got distracted, but you need to go
Distraction is a primary job of capitalist media. Even better if it's attacking a marginalized group. Always has been.
The American legal system will be unable and/or unwilling to deal with it. Best chance is to send HIM to El Salvador if he ever relinquishes the office.
Absolutely not. Crimes committed within the u.s. such as treason get adjudicated in the u.s.
See my first sentence.
The American legal system, fucked as it already was, absolutely can handle this, or could. Was. Even I have fond memories of the U.S. Marshals banging at my door, wearing obviously baggy shirts. That shit was handled by the court.
The reason why it isn’t working is someone is actively breaking it
which is what @[email protected] is saying
Yes!
We were fucked already. I was on a plane overseas when 9/11. Oops you are dangerous
why not to the antartic islands and have the penguins deal with him.
The penguins don't deserve that.
Penguins have gone through enough already.
With the Guano Act the US "acquired" lots of islands all over the world. Choose one of those bird shit covered rocks and put him on there
He’ll flee himself.
Fight fascism with fascism. It's the liberal way.
Seriously tho, the "legal system" is the problem.
https://en.wikipedia.org/wiki/Civil_religion
This should be considered an act of war by...everyone, really. Everyone should pull their stuff out of the US market, be they ordinary Americans, Norweigian oil bonds, or German gold.
Trump will pull this shit again, he has a pattern of pulling the rug, and will keep doing so long after there is no more rug.
The fake leak about pausing tariffs earlier the past few days was the test to see how much money can be moved with one announcement
there's 90 days window he can do however he wants and tank the market
I mean China still has a 125% tariff and the market is somehow doing great.
Propped up by billionaires who don't want to see their investments drop.
Just keep the retaliatory tariffs and say that the world governments don't have time and resources to deal with a child playing with tariff sliders like it's a fucking 20 year old Paradox game. Until he's out of office, or preferably in jail.
100%, its incredibly obvious.
Hard to believe these are US Presidential quotes. Sounds more like some teenage barista smoking pot.
Don't shit on teenagers smoking pot by comparing them to Trump lol
Even the people smoking pot know he's an idiot who doesn't know what he's doing.
Source - I smoke pot.
As a pothead myself can confirm Trump is a fucking moron
Haha you got a good point :)
Yeah, it's insane. Usually I don't follow what Trump says 1:1, but read about it in some news article, social media, etc. That is bad enough, but when I actually hear him speak sometimes, I need to cringe so bad... And then I remember a majority of Americans either decided "yep, that guy seems the best option" or "can't see a difference between the candidates" and I lose all hope in humanity.
Honestly i think its just the endgame now for America. Trump gave tons of money to build up a massive secret police (ICE) and while they may come "only" for foreign criminals right now, they will be used against Americans in the future. It simular to Hitler and how he went after jews in the beginning.
Also the entire thing with Trump about bringing as much of production within their own borders, feels like he plans for the country to become more and more isolated from other countries in the future.
I think its a good time to look at options to get out of the United States if you can.
I'm not in the US and not planning to go there any time soon, so I'm good. I agree with the sentiment in general though😅
The only reason he reversed course is because the bond market was shitting the bed. If no one was buying our shitty bonds, then they couldn't issue the debt to pay for the massive tax cuts for the rich they're about to pass. The insider trading wasn't supposed to start until the market bottomed, they will absolutely try this same play again in three months.
It seems like bonds are favourable when issued by a country with a stable government. Won’t investors consider this a sign of an unstable government and possibly continue to dump bonds?
If they have any sense, yes. Perceived trustworthiness is important. Mr. "Art of the Deal" of course can't understand this and couldn't deliver on it even if he did.
They can' literally print money. They don't even have to print it.
Ironically, it would weaken the dollar enough that the rich would lose money on their tax cuts. So in that sense you're right. I just don't want anyone thinking that the government actually needs to find all the money it spends.
Multiple treasons, and all the people who would punish him for his market manipulation just benefitted from it so they're only going to thank him
Sometimes “The Untouchables” are best brought down by financial crimes
He has like 30 something felonies and openly admitted to rigging the voting computers. The man could commit murder on stage and still somehow continue being president.
Got a source? I remember him saying Elon was great at the voting computers but that's not exactly the same thing.
Parent commenter may be recalling this story but not sure
https://www.snopes.com/fact-check/trump-musk-vote-counting-computers/
Lib qanon.
He did? We have him on tape trying to get votes that didn't exist, but haven't heard much about voting computers being rigged.
He vaguely implied Elon was rigging them, saying he had a "little secret" that was going to win them the election
Vaguely implied is very different to openly admitted lol
Just telling you what I know I'm not the one who said he openly admitted it
I'm not implying you do, just acknowledging what you say is very different than what someone else says. Also not saying I don't believe you, I do.
Political ideologues don't care about reality.
100% he is making bank off this. So are his buddies. What DOGE was all about, setting up the US Gov't to be fleeced as a cash cow for the crime family. We need these criminals removed and full security audit on our entire gov't computer system. Every US citizen is currently at risk due to negligence but these fools. That doesn't even cover the extensive list of civil rights violations and oh...you know, constitution violations. But it matters not unless the are actual consequences. But money makes those go away.
Yeah, no shit. His first term was 100% him playing golf and using the treasury as his personal piggy bank, why the fuck would we expect anything different this time around? Wake me up when someone actually does something about it.
You'll have eternal sleep
When I'm in a doormat competition but my competition is the US people:
Sounds like you’ll get to meet Bender and Fry
Hey! I resemble that statement!
I've been saying this all along. Not just about this time, but he has pulled off a similar trade scare every month since he took office, with the same result - he announces tariffs, the market tanks, he rattles his sabre a bit, then pauses the tariffs, and the market rises again.
This has been the third, and biggest one, probably because he needed to make it a big one as he cried wolf for a third time. Which means the next time he does it, it will have to be even bigger.
Its clearly market manipulation, of a type that only president could do, but only if he were corrupt enough.
Unfortunately, if it were only the president who's corrupt, he would have already been impeached and removed. Even if there were a question about whether he does or does not want to become an authoritarian dictator, ignoring everything that is hinting at it, he is digging himself in the sort of hole that he can only survive in as long as he retains power and I'm sure he knows it.
Won in 2012
Won in 2018
Won in 2020
Won in 2022
And this is where it got us.
US gained the rights to legally murder its own citizens without due process under Obama.
Also loads of giving corporations and capital rights, and rolling back protective anti-investment gambling under Democrat administrations, which ate up the rights of non-capital.
Murdering our own citizens without due process is massive civil rights rollback.
Oh, I figured they counted as a huge loss of civil liberties.
Boring, slow incremental progress is great. Not ideal, but great.
However, a two-party system where one party is ALWAYS a single lost election from the advent or fascism is a democracy too brittle to survive.
We destroy capitalism or capitalism (finishes) destroying us. Appear to be the only two options available.
A lot of them are arguing in bad faith or have been brainwashed by the people that do. It is clear people can not only still protest, but protest far better with fewer worries and more effect under the lesser evil. These clowns would be complaining about the US winner-takes-all system of democratic governance if they truly cared, and there was only basically one option where protesting for that didn't make you a potential deportee to El Salvador prisons.
And that's not even in the top 10 most heinous crimes he's committed
This week even.
This grifter needs to be jailed now
You misspelled hanged until dead.
Americans wouldn't. China does.
I heard the French have a solution for this
Hahaha an SEC investigation? I haven't seen a single working class win at the federal level for about 16 years now
Hasn't Elon fired most of the SEC staff, to make sure they don't get in their way...
There was definitely a rumor that caused a market spike two days ago until the white house immediately called it "fake news" which the media took at Trump's word as they always so gullibly do. Well as it turns, out, this "fake news" got the duration of the pause right to the exact number of days.
Now everyone seems to be pretending they don't remember that this happened just two days ago and I just don't get it. Shouldn't somebody be asking why some random people on Twitter seemed to know Trump's plans in advance?
Maybe Trump got the idea from that rumor. Self-fulfilling prophecy. /s
You don't even need the "/s" on that statement.
Just in case anybody would think that I thought that that was a the truth.
Edit: Funny grammar
I mean it's not like he went on Truth Social shortly before he announced the pause and told people it was a good time to buy stocks or anything... right?
According to my mom, this is a good thing because he's helping regular people make money in the stock market.
The MAGAs are actually cheering this because they think they're being invited into the club, when he's just brushing some crumbs off the table for them to fight over in the alley.
And? Who’s going to do anything about it? The stupidest people in this country gave a con man unilateral power to do anything he wants, what did they expect?
Impeach. 3 times at least before it will work.
LoL - who could impeach him?!
you.
actually.. edit..
I‘d love to… - but I‘m not even American.
Neither is Elon and he's running the entire government.
Wont stop them from trying
Only the house of representatives has the power to impeach. This isn't a thing "everyone" gets to do.
Can everyone petition, encourage the members of the house of representatives to impeach, assuming there are solid reasons to.
Clearly impeaching him again will work this time guys. Just one more time guys, that'll get him! /s
Yup 3rd time the charm as the ancient saying goes.
happy germany noises
Soo you are saying. This time we can make it to vladivostok?
You know he'll never face charges tho, right? I mean SCOTUS essentially gave him carte blanche to do anything he wants, whenever he wants to whomever he wants, no questions asked.
Not market manipulation, he tweeted in the morning that it's a good time to buy, we should've just trusted the orange man /s
If you’re some twitch character, you already cashed in. I am not sure how to explain to some cartoon: pull all your money now you absolute troll
"/s" means they're being sarcastic. Relax.
Insert George Carlin quote number 18647
Shit piss fuck cunt cocksucker motherfucker and tits.
Isn't that quote no 12653?
Ringo did it better
#notmymrconductor
And since we are now in episode two of this shit show there are three more words: fart, turd, and twat.
Is it 125% for China and 10% for everyone else currently?... for 90 days?
Or is it 10℅ across the board for 90 days?
I'll wait for his next tweet to make all my speculation pointless. Fuck this guy.
This is why countries need to make export tariffs in retaliation and leave them on during the chaos. Let the prices of everything in the US soar but allow them to collect none of it.
The former. 125% for China, 10% for "everyone who didn't retaliate"
Except the EU who did but apparently Trump didn’t know about it until a reporter asked him. Only the best people.
im so tired.
I know that’s the point but please just let me go
I feel no one looks at truth social cause screw it but shortly before the announcement of the pause on tariffs trump did post to buy now.
The volume spike was an hour after that post
And what will happen? Fuck all. And that’s why America is a fucking joke. If any of you on here did this it would be punishable. But you have someone as president who actually made himself go above the law..
He's been accused of a lot of things. Doesn't mean anything until he gets punished
It is kind of amazing how selective the justice system is. There is a man who spent 30+ years in prison for stealing a loaf of bread. Apparently he had a criminal record prior and that meant he had to be thrown in prison for that long for any subsequent crime... but I find that utter bullshit.
It's kind of amazing how "justice" doesn't exist at all.
https://en.wikipedia.org/wiki/Civil_religion
Yeah I am aware of that. Civil religions, political religions, and economic religions.
I remember the first half of the 2000s, back when I went on many atheist sites of the era that scoffed at organized religion and Christianity, Islam, and whatever... but the true bit of depression dawned on me when I realized that not only was the world not being liberated from religion, but other religions were being seamlessly integrated into them, even if those religions held highly contradictory beliefs to the originals...
Then there's the 34 felony convictions of Mafia Don...
I'm waiting for the market to either stop responding or crash and never recover since you can't trust this fucking asshole.
Right, but this happens enough. They're going to just be selling and buying back from themselves eventually.
Right
Arrest his corporate benefactors for insider trading. They’ll find out loyalty is only one way, or worst case scenario pardoning clear criminal behavior goes on record
If the conman-in-chief somehow made himself above every law, above Constitutional checks and balances, we have to start by removing the criminals that enable and support that, or worst case scenario take every opportunity to highlight it to low information voters
He can only flout the law because he has supporters that enable criminal behavior. Remove them and this all comes tumbling down
so when the fuck do we stop accusing and start charging and arresting? I'm so sick of these headlines saying that "people are saying Trump bad! no way :3" like...what are we DOING about it though??
Who's going to charge and arrest him? The best we can hope for is massive nationwide protests or him failing to rig the election in 2028 and the next administration charging him if he doesn't flee the Russia first
Optimistic take: economic damage could lead to the Republicans losing the house and senate, followed by Trump's impeachment.
That's my hope but if they rig the election or refuse to vacate their seats after losing, it'll require the police/military (where many officials have already been replaced by magat loyalists) to step in.
I am aware that it's wishful thinking. I feel the same way you do, but even an arrest is better than nothing. it will take protests, it will take oversight and everything that comes along with it to fix this, absolutely
Lock him up! Lock him up!
Jail Trump! Jail Trump!
.....and he pardoned himself.
Hold on, is he raping two old ladies on main street while also shooting a dog, stealing 10 cars, developing an illegal DNA chemical and polluting the environment?
.....and he pardoned himself.
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
THIS looks like a scam, doesn't float so there's some doubt, it sounds like a scam, yep, it's a scam.
25th Amendment
I - as my personal opinion - think he is more a case for the 2nd amendment...
Seems like the second is more appropriate.
no shit sherlock. its a fucking tariff. its gonna effect the market and pricing. these assholes are shorting the fuck out of whatever is profitable to do so. and controlling that ourtcome on several fronts.
isnt there a video of him talking about how much him and his friends made from it? its not really an accusation at this point, he manipulated the market.
Of course it is.
Trump manipulating the stock market???!!!! Say it ain't so!
Well I am shocked, I tell ya, absolutely shocked! 😧😣
I don't see how any of this matters.
He is literally and figuratively above the law. He will face zero consequences.
On a side note, I am absolutely fascinated by the size of the man's head directly over Shit for Brains right shoulder.
That fawkin 'ed is HUGE! It's like an orange on a tooth pick.
Should have stuck to simple, safe insider trading like the other guys do. Always with the flashy showing off.
If it quacks like a duck and walks like a quack I mean duck... well obviously that couldn't just be a duck right? It HAS to be a dog right? Like... I know it looks 100% like a duck and everything but we aren't the kind of place that just lets ducks run things. Trust me I have some friends who know a lot about dogs and they are sure that is a dog!
Nah it is definitely a dog.
With all of the absolutely blatant market manipulation he's done just since he took office, one more charge isn't going to mean shit when there haven't been any consequences yet, and probably won't be any time soon if ever. Anyone else breaking the law this openly and this often would in the very least be in jail without bail awaiting trial, if not already firmly in prison.
‘Got em’
That sounds like market is a shitty invention if it is so easy to manipulate it /s
He doesn't care. He has immunity.
Look, no one will ever care
I honestly don't believe that trump is doing some intentional stock market grift. That would require foresight, planning, and self control despite ego.maybe someone gave hime some. Instructions or something but he sure as shit doesn't care about those.
Next up Republicans are gonna try to paint him as a loose "Pitt bull" when really he is just a loose cannon they can't control.
Their faces aren't worth the cost of eggs
Just like every single politician. Ever heard of chuck and nancy?
These people are all trash.
Who cares? Nothing will happen, there will be no punishment. None of his supporters care, why should I?
Oh, you rather not hear how you're getting fucked over just so that later you can be all outraged nobody told you?
Get that "who cares" attitude out of here.
We all care.
Anyone who says it does not matter is a Russian bot for all I care.
Ignorance is bliss friend. At this point there isn't much I can do but to protect mine and myself. We're in a limbo period where folks aren't mad enough to revolt, but are mad enough to be pissed off. We need to get a whole lot angrier before real action can happen. Holding up signs and being annoying isn't going to affect real change with these people. So until the populace is at the angrier stage of things I don't care to hear about all the illegal things the Trump admin does, I can't possibly hate this guy more than I already do. All this info does is piss me off and ruin my day.
Five million Americans protested on April 5th.
Maybe if people like you actually showed instead of burying your head in the sand we'd have the results you are craving.
If you are on the side of Justice, your stance is the wrong one to take.
Solidarity is the right way forward. Take a break when it gets to be too much, but you cannot tune out just because you are upset.
What has holding signs accomplished? These protests are doing nothing. Trump is more emboldened than ever. Keep holding your pretty little signs and affecting no change. This isn't the civil rights movement. I sit until we have the ability to change any of this. Boycotting is the best I can offer next to bullets.
Cool story. Then what happened?
I can only assume you are all bots meant to discourage people from protesting, and others would be wise to report and call out these accounts.
What does protesting even do?
That's five million Americans standing in solidarity.
That's five million Americans connecting, organizing, and sharing resources.
That's five million Americans not shopping or working that day.
That's five million Americans being inspired to run for office and support others who are.
These protests are only going to get bigger and bigger as the word spreads.
Join them, or STFU about how nobody is doing anything.
That's the problem with people like you. You just assume someone that doesn't agree with your ineffective BS isn't a real person. Keep protesting if you want IDC, but don't be deluded into believing that will amount to real change against people that want those like us dead. Fascists don't respond to peaceful protesting. Boycotting is much more effective than hitting the streets with signs. These cretins only respond to monetary loss.
Guess what?
Boycotting instructions and lists of MAGA businesses to avoid are spread at the protests.
Maybe you would know that if you actually attended one instead of being lambasted on the internet over your idiocy.
They went online to post pictures of themselves at protests and pat themselves on the back for Doing Something.
Imagine the memes! So much joy for libs! It's THE RESISTANCE!!!!! \s
If you're saving for retirement, it means you should not invest in American companies.