What keeps this con-man from pretending to impose tariffs only to abort mission at the last moment and thereby manipulating the market while insider-trading based off of that?
(dear trumplawyers all of the above is allegedly and hearsay I make no accusation of wrongdoing myself merely repeating rumors i have heard and getting input on them.)
If you think you understand the con double check if that’s not part of the con. Getting rich while having this kind of power doesn’t require market manipulation, ask defence contractors.
Defense contractors have started entire wars to manipulate the market. It’s all market manipulation.
My point was that insider trading is a way to make money for lawmakers and executives because they’re high enough to know real consequences of things being decided but they are not ones deciding. Those who decide have more efficient ways to extract power and money from the system.
Defence contractors are at that table and they got there by being recognised as important to the national security. That’s why „AI” is critical to national security. That’s why Democrat and Republican establishment has been courted by tech bros so much all these years - they want in.
Honestly this is an age old tradition. Elite, from the founder’s associates to the Clintons, Bushes, Obamas and such probably profited off some insider information, to some extent. But I dunno. SEC regulation for political billionaires is not my area of expertise, though it seems like his family is carrying on a lot of business.
Trump’s memecoin is already a ridiculously flagrant manipulation though: https://www.reuters.com/markets/currencies/trumps-meme-coin-made-nearly-100-million-trading-fees-small-traders-lost-money-2025-02-03/
Small insider trades or charity shenanigans pale in comparison.
If I were him… Well, why mess with insider trading when he can just blatantly profit in the open?
the acounced Tarrifs
In case people are wondering, this was an 80s Moroccan rock band. I’m a fan.
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Stock trades of US politicians are public information it seems.
Go do the same trades and make some money for yourself if you have any spare money. If you’re really sure take out a loan and buy stocks, what could go wrong?
They have 45 days to report trades. So by the time that you get the information it’s already too late.
