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[-] rainpizza@lemmygrad.ml 33 points 1 month ago

From Sony Thang:

The oil market is a mechanism for transferring wealth.

This is not controversial.
Every financial market is, among other things, a mechanism for transferring wealth between those with better information and those with worse information.
Between those who can shape events and those who can only react to them.
When a sitting president can move oil futures by 3 percent with a social media post, when that post's content is fabricated, when there are no actual negotiations, when the deadline has no operational backing, when the whole structure is a performance, the wealth transfer is not incidental.
It is the point.
Three percent of the daily oil futures market is an enormous number.
The positions that benefit from that movement are not held by retired teachers and working families with index funds.
They are held by funds, by institutional investors, by people with enough capital to take a significant position before the statement and exit it after the move.
Every time Trump runs this play, money moves from the less informed to the more informed.
Every time.
And the mechanism that is supposed to prevent this, securities regulation, market manipulation law, the institutional oversight that applies to every other participant in financial markets, has not been applied to the sitting POTUS doing it openly, repeatedly, on a weekly cycle.
If a hedge fund manager published fabricated news about Iranian negotiations to move oil futures, they would be in federal court.
When Trump does it, it's called foreign policy.
The law has a name for what this is.
The question is whether anyone with authority will ever say the name out loud.

Source -> https://xcancel.com/nxt888/status/2036166142520336447#m

this post was submitted on 23 Mar 2026
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