My new strategy for eliminating the national deficit is doing insider trading, but with the profits going to the government.
I don’t know if you realize how smart that idea is but I’m going to steal it
It’s called currency manipulation and it makes other countries very mad at you.
I wonder if this is part of their strategy to collapse the Lula government because AmeriKKKa needs a fascist in every Latin American country
The direct currency manipulation stuff is one thing, I’m more talking about stocks and weirdo derivative assets. The government should be snapping up rents so that capitalists actually have to produce or die.
i’m going further. imagine as the state becomes increasingly impotent, dependent on “AI”, with nobody understanding a single function anymore
until a group of leftists (who are still maintaining deep technical knowledge through the power of knee socks and cat ears) basically just finds an exploit in the entire U.S. market economy and interwoven remnant government structures
just take control of the military and police’s paychecks. nobody in power knows even how to effectively “reboot” the decrepit systems or stop this because everything is intangible now
Thinking about that dumb lib we had here the other day saying no to Trump being the most american president ever. What’s more american than being the prez and pumping and dumping the stock market to make you and your white collar criminal friends multi-billionaires?
When I was a kid, this is what I told all my friends I would do if I were president. (albeit in a less sophisticated way)
I won my middle school election by saying I’d turn all the water fountains to soda fountains.
Then I did nothing the rest of the year but still got a medal for it
Kids gotta learn to :vote: harder sometime or another.
You say this like politicians taking office and then doing fuck all isn’t a win condition in the current climate. You were a pioneer is all.
I really struggle to understand how people are supposed to invest in the stock market without insider trading. If you work without advantageous information respect to the general public, aren’t you just playing roulette?!
Or you can just get an index fund that is pegged to the overall performance of the market and you will do better than the vast majority of hedge funds or individual traders trying to beat the market.
Not if you have insider knowledge though…especially with triple leverage
SQQQ
Let’s all bet our savings on how well the economy is going, I’m sure that will surely generate no bubbles or inflationary tendencies whatsoever!
looks at the american pension system
yeah
The Invisible
Reaching around the isle
We all have to assume the game isn’t fixed. So people can trust the market. Howver the game is fixed and the market is untrustworthy
Yes, the official story is that you’re supposed to venerate and respect the people who can make money on stocks because they won at gambling.
That’s exactly how I think about it. Wish I could make enough to be comfortable and retire just from a day worth of stock shit, but we all know the people doing that are already very wealthy and connected.
Working class people aren’t invited to the party. I don’t even see the point of trying or would know how to start.
most openly corrupt
Yet again libs are most upset that Trump is doing what everyone does but loudly
so somebody brought alot of USD and exchanged it for brazil money after the tariff geting a bunch of money? slightly confused
$1 is worth BRL 10.
You buy $ 100 with BRL 1000. You tell your broker, you’ll pay him back later the BRL, for a fee. That’s a “short”.
You package it in a bet that says “whatever the difference is in BRL when I pay you back, we will do it 10x”. That’s “leverage”, alternatively also “insane stock market gambling nonsense”.
The tariffs get announced. You can now get BRL 10.2 for $1, because that’s how the stock market thinks it’s should be. You pay back your debt in BRL with $98. The difference of $2 gets increased 10x because of that bet. Congratulations, You made $20 with insider trading.
Usually you try to hide these things among the general stock market noise and not trade so much money, that it makes a visible dent in the evaluation of an entire fucking currency. It’s common place, but as usual with Trump, just more on the nose, more blatant and just more fuck you.
Forgive my ignorance, but in this scenario doesn’t the broker then lose this $20 in the “returned” lower value BRL?
Why would a broker make trades like this? Why is a broker even lending money? It just seems like sanitised gambling with extra steps.
It is. It’s a gamble and the broker knows the odds are in his favor. Unless ofc you know the odds today won’t be because, you know, cheating.
thank you for explaining, my familiarity with this topic is low!
