this post was submitted on 01 May 2025
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How is Trump personally benefiting from tariffs? Like I know congress does insider trading all day but I don't see anyone importing golf courses.
https://apnews.com/article/trump-truth-social-djt-tesla-musk-tariffs-pause-fccfa6b06c8f1ec0cd7844641ca52669
crickets
Lashing out or Folding like one of trumps cheap blue suits when presented with proof.
It's the MAGA way
Feeling > facts
They should learn how to make "I feel" statements.
At least their username is accurate.
Well damn, @fartgiver has a lot to reconsider now!
Berlusconi walked so Trump could run
You don't need to personally own companies in those industries. The secret of insider trading is knowing what announcements will effect stock prices. If the government says that they're going to ban cigarettes, the value of tobacco companies will fall. If I know that the government isn't serious, and will never implement the ban, I can buy stock at a reduced rate safe in the knowledge that it's real value hasn't fallen.
If i run the government there's countless ways to profit from that insider knowledge. Gold prices go up when the stock markets are uncertain and people are worried about financial choas. So, I could buy lots of gold ($2300 an oz in Jun 2024), then make some wild decisions and statements so that the markets start panicking, and watch the gold price rise (peaked at around $3400 last month) . So I sell my gold for a substantial profit, and dial back a bunch of the most wild policies and stuff goes mostly back to normal, but I'm a lot richer.
Trump: TARIFFS ON EVERYTHING
Market: * crashes *
Trump: * acquires crashed stock at bargain prices *
Trump: LOL JUST KIDDING. TARIFFS PAUSED!
Market: * rallies, because full of gambling addicts *
Trump: * realizes massive gains on acquired stock *
Is that clearer, or are you choosing to continue to participating in your own destruction?
My sibling in Talos, are you really naive enough to think trump isn't playing the stock market too?
You think the orange one isn't making sure he is getting his cut?