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.
100%, its incredibly obvious.
No, I was watching the bond market. The bond market is very tricky. I was watching it, but if you look at it now, it’s — it’s beautiful. The bond market right now is beautiful. But, yeah, I saw last night where people were getting a little queasy.”
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.
Haha you got a good point :)
I don’t see how any of this matters.
He is literally and figuratively above the law. He will face zero consequences.
He made the announcement at 1:18, but there was a high volume spike in SPY at 1:02. He then introduced some friends, like Charles Schwab, in the white house later and said they had made billions. This crash was also the first time MTG bought stocks.
Should be an SEC investigstion with actual consequences for once. Probably won’t be, but there should.
Hasn’t Elon fired most of the SEC staff, to make sure they don’t get in their way…
Hahaha an SEC investigation? I haven’t seen a single working class win at the federal level for about 16 years now
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!
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.
It’s not even clever. Him and Elon are made for the same hell.
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.
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
String him up!
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.
Also all those who traded based on the information.
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.
What is the source of this chart? I’d like to use the image on other sites, but I can’t without knowing what the source is.
It’s SPY with volume. Very standard chart for probably the biggest ETF tracking the S&P.
Thank you.
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.
Thank you. That is good to know.
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
Distraction is a primary job of capitalist media. Even better if it’s attacking a marginalized group. Always has been.
Sorry you got distracted, but you need to go
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.
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
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.
We can still end this democratically, but the window is rapidly retreating.
Won in 2012
Won in 2018
Won in 2020
Won in 2022
And this is where it got us.
Point to me the trade wars and civil rights rollbacks that happened during those times. We just had to keep doing the thing and keep pushing the needle towards progressive ideas and socialist policies that help people. That’s ALL we had to do together, it was working for a while.
But nope. Everyone lost their attention spans because social media and russian bots amplifying the worst of all sides of every issue until everyone said “fuck it, I don’t care, I rather see drama than boring, slow, incremental progress.”
edit: I am fully aware of how absolutely wicked Obama was, I don’t care in this context, we were making PROGRESS, even if small amounts, your knee-jerk desire to educate me about how bad the system is on both sides just makes me think you’re not reading and feel entitled to something and you will be blocked. You’re a huge reason we’re in this mess. I’m fully convinced that most of you don’t actually want good outcomes and you just want to feel validated and recognized.
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.
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.
Point me to the better alternative and who’s leading it. Otherwise we’re stuck with the systems we have and nobody is going to be perfect, or even “good” in most regards. But I don’t see a choice unless we find a way to destroy capitalism entirely.
We destroy capitalism or capitalism (finishes) destroying us. Appear to be the only two options available.
They’re pumping and dumping like mad so when the major crash happens they can buy buy buy. You think corporations are consolidated now…just wait. The same that happened 100 years ago is happening now. Just people are too fucking stupid to see it.
I mean, dude literally commited treason. “Market manipulation” is quite tame in comparison.
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
Russians and everyone else out there who ever wanted a slice of the pie have been attacking our social discourse for decades, amplifying the worst voices on both sides of every single issue so that people tune out and stop caring. This is the known doctrine for undermining democracies.
Most people right now STILL don’t care, at least not enough to have an opinion or be bothered to do anything. This is the result of deliberate sabotage against our nation and the number of people who really understand this is so small that it doesn’t matter, it won’t be enough. Even if this wave of corruption is ended tomorrow, there are thousands more oligarchs and grifters waiting in the halls to move right in.
Sometimes “The Untouchables” are best brought down by financial crimes
Impeach. 3 times at least before it will work.
LoL - who could impeach him?!
you.
actually… edit…
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.
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
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?
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?
Should have stuck to simple, safe insider trading like the other guys do. Always with the flashy showing off.
