Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 4,379
Who can be surprised that one of the greatest financial criminals of all time has assembled a greedy posse around him...
morality in the finance industry has completely collapsed
"..Reports of precisely timed bets on oil futures and war policies in predictive markets have exposed new depths of criminality by the financial elite and corruption of the US political system under the presidency of Donald Trump.
Media reports have documented cases in which war policy and presidential messaging have been transformed into private enrichment opportunities for those with direct access to inside information about US military operations and Trump’s media announcements.
In the early hours of March 22, the Financial Times reported that traders placed a huge, one‑way bet on falling oil prices just minutes before Donald Trump announced that he was pausing planned strikes on Iranian power plants and claimed there had been “productive conversations” with Tehran.
According to the FT, roughly 6,200 Brent and West Texas Intermediate contracts changed hands between 6:49 and 6:50 a.m. in New York—about 15 minutes before Trump’s Truth Social post signaling a potential deescalation, a message that immediately sent oil sharply lower and lifted stock index futures.
The notional value of this position was approximately $580 million, meaning the trader or traders stood to reap tens or hundreds of millions in profit from a predictable collapse in prices that could only be known in advance by those with access to the content and timing of the president’s announcement.
CNN has noted how oil prices had been whipsawed by Trump’s alternating threats and promises of a quick end to the war, with Brent crude surging above $100 per barrel and at one point nearing $120 before tumbling on his assertion that the war would be over “very soon.”
This pattern is now clear: Trump’s televised remarks and social media posts, ostensibly about the fate of millions of people in the Middle East, functioned as signals to markets that certain traders anticipated by minutes—an interval that, in electronic futures markets, is an eternity and a hallmark of inside information.
of course the useless "mass media" loves all this - the more outrageous the better
comrade stalin
moscow
morality in the finance industry has completely collapsed
"..Reports of precisely timed bets on oil futures and war policies in predictive markets have exposed new depths of criminality by the financial elite and corruption of the US political system under the presidency of Donald Trump.
Media reports have documented cases in which war policy and presidential messaging have been transformed into private enrichment opportunities for those with direct access to inside information about US military operations and Trump’s media announcements.
In the early hours of March 22, the Financial Times reported that traders placed a huge, one‑way bet on falling oil prices just minutes before Donald Trump announced that he was pausing planned strikes on Iranian power plants and claimed there had been “productive conversations” with Tehran.
According to the FT, roughly 6,200 Brent and West Texas Intermediate contracts changed hands between 6:49 and 6:50 a.m. in New York—about 15 minutes before Trump’s Truth Social post signaling a potential deescalation, a message that immediately sent oil sharply lower and lifted stock index futures.
The notional value of this position was approximately $580 million, meaning the trader or traders stood to reap tens or hundreds of millions in profit from a predictable collapse in prices that could only be known in advance by those with access to the content and timing of the president’s announcement.
CNN has noted how oil prices had been whipsawed by Trump’s alternating threats and promises of a quick end to the war, with Brent crude surging above $100 per barrel and at one point nearing $120 before tumbling on his assertion that the war would be over “very soon.”
This pattern is now clear: Trump’s televised remarks and social media posts, ostensibly about the fate of millions of people in the Middle East, functioned as signals to markets that certain traders anticipated by minutes—an interval that, in electronic futures markets, is an eternity and a hallmark of inside information.
Lucrative oil futures and predictive market bets on Iran war expose White House insider trading scheme
Media reports show a direct connection between the timing of lucrative investment bets and the pronouncements of President Trump on military decisions about the war against Iran.
www.wsws.org
of course the useless "mass media" loves all this - the more outrageous the better
comrade stalin
moscow
