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[–] 119 points 5 months ago

His friends must've finished selling off their oil stocks.

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  • [–] 96 points 5 months ago (6 children)

    Always happens when the market’s closed. Drag up the war then say it’ll end by the end of the week. Hope no one notices the Epstein files. Repeat.

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  • [–] 39 points 5 months ago (5 children)

    Because of the holiday, we might actually get a taco Wednesday

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  • [–] 72 points 5 months ago (8 children)
  • [–] 10 points 5 months ago (4 children)
  • [–] 16 points 5 months ago (3 children)

    sorry, The Red Right Hand, as in Nick Cave’s song

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  • [–] 8 points 5 months ago (2 children)

    “Red Right Hand" is a song by the Australian rock band Nick Cave and the Bad Seeds. It was released as a single from their eighth studio album Let Love In (1994) on 24 October 1994 by Mute Records. An edited version was included on the single, while the longer version was included on the album. The title comes from John Milton's epic poem Paradise Lost (1667), in which it refers to the vengeful hand of God.

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  • [–] 66 points 5 months ago (5 children)

    Friday: Trump close to a deal with Iran

    Monday: Trump doubles down on attack of Iran

    Friday: Trump close to a deal with Iran

    Monday: Trump doubles down on attack of Iran

    Rinse and repeat.....

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  • [–] 42 points 5 months ago (4 children)

    Your missing the Trump and pals buy/sell shares steps

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  • [+] 42 points 5 months ago (3 children)
  • [+] 10 points 5 months ago (2 children)
  • [–] 57 points 5 months ago (2 children)

    What's most fucked up about this is it is strictly 100% about manipulating the markets and making money, that's it.

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  • [–] 54 points 5 months ago (4 children)

    You mean the deal that only Trump and his henchmen said was going swimmingly but nobody else saw or heard any detail about fell through? Gee, color me surprised...

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  • [–] 23 points 5 months ago (3 children)

    He's like a school kid that didn't finish an essay. He keeps saying he'll turn it in tomorrow. Then tries to lie and say he did turn it in but the teacher hasn't graded it yet. Then when that doesn't pan out somehow the teacher lost it. It can't possibly be his fault.

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  • [–] 11 points 5 months ago

    A lot of rich people act exactly like that, they know their lawyers will get them out of any trouble they really get into. A lot of times other folks just stop arguing with them and they get their way because they just kept the lie up in such a delusional way, it's easier to walk away.

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  • [–] 50 points 5 months ago (9 children)

    He never knew how to make a deal, did he?

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  • [–] 28 points 5 months ago (8 children)

    Fart of the squeal.

    Bakrupts casino

    Decides that's not big enough

    Bankrupts the US and plunges the world into a depression

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  • [+] 8 points 5 months ago* (5 children)
  • [+] 9 points 5 months ago* (4 children)
  • [–] 1 point 5 months ago

    Intentionally.

    Hey guys, invest money in my new casino! It's a license to print money!

    Cool, now I'll just pay myself from the casino funds for my contribution to marketing, interior design, management, consulting, and it's gone. It's all gone. Oops, bankrupt. It happens, business is risky.

    Hey guys, invest money in my new casino!

    And suppose that the investors were using dirty money for the investments, and trump was giving it back to them after the fact with just a little skimmed off the top for himself, also getting in their good graces and accumulating favors for laundering that money. It sure would explain all the ties between him and the Russian mob, huh?

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  • [–] 34 points 5 months ago (6 children)

    Isn’t pretending to have peace talks while bombing them a war crime or something

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  • [–] 9 points 5 months ago (4 children)

    Didn't Japan do the same thing with the US as they were bombing Pearl Harbor?

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  • [–] 12 points 5 months ago* (last edited 5 months ago)

    Not exactly. Roosevelt scheduled talks with Japan, and then had the diplomats to Japan skip the meetings. He did this multiple times. IIRC that was either the 12th or 13th meeting that the US delegation didn't attend. At that point Japan decided that the US wasn't actually interested in peace talks and attacked.

    So in that case, as an American, I am inclined to believe that Japan was genuinely interested in the peace talks. We weren't, or more specifically our president wasn't interested in peace talks.

    Wilson also didn't help matters by setting the stage for WWII.

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  • [–] 24 points 5 months ago (6 children)

    Every week is like groundhog day. Trump declares victory, claims that peace talks are underway, and then they drop more bombs, without any deal being reached.

    It amazes me that there are still people gullible enough to believe that this isn't another forever war for us and that gas isn't going back down any time soon.

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  • [–] 7 points 5 months ago (4 children)

    It dropped 5% for the holiday weekend. Never seen that happen before. The art of the deal

    There's a sucker born every minute and 30+% of the population still think he's a good president

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  • [–] 3 points 5 months ago (3 children)

    It dropped 5% for the holiday weekend.

    Off an 80% spike since the year started.

    30+% of the population still think he’s a good president

    As a person in the O&G industry, I regret to say he's good for me. My salary/bonus is fully outrunning inflation. Nevermind the compound stock gains juicing my 401k.

    Trump's still shit in my book. But if I started out a Republican, why would I object to any of this shit?

    A Global Crusade Against The Wretched Islam, ballooning profits, violent police actions against all those horrible minorities we don't like, that cool new ballroom, kidnapping the president of Venezuela, our SCOTUS is rigging the next election, what's not to love?

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  • [–] 5 points 5 months ago (2 children)

    O&G was booming under Biden as well though? Like the endless expansion in the Permian Basin was going full throttle, just with a least some oversight. The companies weren't even drilling all their leases because they didn't want to drop the price of oil.

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  • [–] 1 point 5 months ago

    O&G was booming under Biden as well though?

    It was actively competing with Alt Energy that the federal government sought to subsidize and promote.

    Nobody in the Biden administration was paying TotalEnergies a billion dollars to abandon plans to build offshore wind farms off the coasts of New York and North Carolina

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  • [–] 5 points 5 months ago

    It's only a forever war is we don't remove the motherfuckers who refuse to stop him.

    November may be our last chance. I know not everyone here loves the Dems, but they really are our only hope at this point, and we need to support them in the general election.

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  • [–] 24 points 5 months ago (1 child)
  • [+] 22 points 5 months ago (2 children)
  • [–] 3 points 5 months ago

    I would settle with them giving the full quote completely in context. The only reason Trump has gotten so far is the media sane washing everything he says and adding whatever spin the talking heads want to it.

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  • [–] 19 points 5 months ago (13 children)

    Manipulating the markets again.

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  • [–] 8 points 5 months ago (12 children)

    Weirdly the markets no longer seem to care. Strait is closed? Meh, new all time high.

    No clue what is going on.

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  • [–] 4 points 5 months ago (8 children)

    There is just no where else to park money in the amounts the markets currently service. That is it, simply that there is so much capital just sitting around in the market that it becomes a self fulfilling cycle.

    Market prices are based off of amount of money put in the market --> There is not another place to get returns on investment as good as the market --> More money is put into the market (stock buy backs instead of hiring for example) --> Markets rise to "new all time highs" --> Those with assets in the market gain as prices are based off the amount of money put in the market --> Those gains have to be used in some investment (otherwise they erode due to inflation) --> There is not another place to get returns on investment as good as the market.... And loop over and over.

    The markets are now de laminated from the real economic reality, and as they grow they become more so. Investments in real things (and not wild schemes like crypto and LLMs) becomes less and less desirable compared to just putting the money back into the market. Bonds and other securities used to compete with the stock market and worked as a grounding force to the market, but not anymore. So now all the capital is off in la la land and since the market can't crash if there is more money always being put into the market, the market will see "all time highs" as long as there is money to be put into the market. How does this cycle end? No idea really, you could have something else show up that gives better returns making the markets finally crash or you could have this continue until functionally money will not exist outside of the market (both situations are so wildly outlandish that it seems nothing will change).

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  • [–] 1 point 5 months ago (5 children)

    But where the "gains" come from? Somebody is losing in order for other to win

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  • [–] 1 point 5 months ago* (last edited 5 months ago) (4 children)

    The money entering the markets. Its not the same amount in the pool but an ever growing amount, not sustainable but at a scale that makes it seem like it is. There are losers and winners in the system but overall the market goes up as long as more investment goes in then out. The real losers will become apparent when capital starts being removed from the markets, but at this time there is not a valid place other then the market to put that money so here we are in an endless seemingly stable ponzi scheme.

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  • [–] 1 point 5 months ago (3 children)

    Sorry, I am too ignorant on the matter for this to make sense to me. Would you please eli5/12 me this?

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  • [–] 2 points 5 months ago (2 children)

    The market used to represent how well the business on it where doing. Earnings and fundamentals would dictate market value and or dividends for shareholders. Businesses do good, shareholders get rewarded.

    Now businesses market value is (generally) wildly over inflated, not really tied to real world results. The market is demand driven however so if shares are still being bought more then sold the value goes up. Although individual companies on the market will go up and down the overall market always goes up (and faster then inflation mostly) as long as more money goes into the market overall then comes out (more "buys" then "sells"). There is no competition really for investment outside the market more money is always being put into that market.

    Basicly, line goes up now only due to the expectation that line goes up. Not company does well, but that more money goes in then out and therefore more demand then supply of shares. Most know this is how it works but since there is no where as good to invest there is no reason not to put all into the market and they know as long as everyone does the same; line go up.

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  • [–] 1 point 5 months ago (1 child)

    Doesn't this inevitably ends with money itself losing its value?

    It seems that people is paying and receiving money for purely speculative reasons, no?

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  • [–] 1 point 5 months ago

    Could be, no one knows how this ends. The effects so far are not good (less capital being invested in real things so more can go into the market) and will likely continue this way for a while. Although this is the case worldwide the real leader is the american stock market, so there is always the chance that with the us becoming the new world pariah state real losses could be seen. The issue though is (at least as I see it) unless there is something with a better return or lower risk any losses will just be temporary as seen every time trump has tanked the market.

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  • [–] 18 points 5 months ago

    Expecting any other behavior at this point is light-years beyond foolish. The word of the president has been proven useless time and time again. He has made it now impossible to deal with the US, as any deals are subject to be altered at his petty whims. We saw this with the tariffs and we will continue to see it.

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  • [–] 16 points 5 months ago

    This is it, the reckoning we have all suspected was on the way. The inevitable backlash of all America’s sins consolidated under one presidency. One violent, insular ignoramus to rule them all. A completely dysfunctional government laid bare for all to see. Decades of “full spectrum dominance” brought to its inevitable end. No nation has ever existed solely by the power of it’s military dominance. Every nation that has attempted to do so has fallen.

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  • [–] 16 points 5 months ago* (1 child)

    Great Depression later this year.

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  • [–] 14 points 5 months ago (2 children)

    "Deal"

    There was never a deal.

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    [–] 26 points 5 months ago (6 children)

    I'm seeing in the billionaire-owned media that they were "self-defense" strikes. SMH.

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  • [+] -10 points 5 months ago (5 children)

    So they are accurately quoting the CENTCOM spokesman ... how dare they!

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  • [–] 11 points 5 months ago

    jesus fuck what an incompetent malignant freak

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  • [–] 10 points 5 months ago

    Did the Pumpkinhead even have any deal?

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  • [–] 17 points 5 months ago (4 children)

    It's Tuesday tomorrow, he'll chicken out.

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  • [–] 7 points 5 months ago (3 children)

    He does not wait for Tuesdays to taco.

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  • [–] 9 points 5 months ago (2 children)

    UK bank holiday yesterday. Still a pretty important financial hub. Might explain why the snip snap is a day late.

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  • [–] 8 points 5 months ago

    The thing that amazes me is that media even bothers to report what Trump says about anything. The chances he's lying is only exceeded by the chance that he has absolutely no fucking clue what he's talking about.

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  • [–] 7 points 5 months ago

    The man has had a stroke, his face sags on one side unmistakably. Maybe it's time to stop pretending that everything is okay? Swear Vance in and be done with the charade. It's humiliating

    Maybe we can take a break from 80-year-olds for a time. Is that communism?

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  • [–] 7 points 5 months ago

    Wonder how much I could have made betting against this deal happening, cause it was obviously not going to happen. I don't even know what it'll take to end this war/skirmish/military operation/whatever, but I know Trump ain't voluntarily ending it if it makes him look bad.

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  • [–] 6 points 5 months ago (1 child)

    And this moron was just bragging about how they reached an agreement with Iran to dispose of their uranium in the deal and this master negotiator just literally blew it up.

    Moron and the morons that voted for the moron...

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  • [–] 5 points 5 months ago

    Yea, he finally recognized that the words "Terms of Surrender" at the top of each page were about his end of the deal...

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  • [–] 5 points 5 months ago

    "Ongoing" ceasefire...

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