[–] 1 point 5 months ago (1 child)

Actually exchanging currency for a product is so old school. Now they just need a stock price, make an announcement, and the price goes up, and those in the know make a fortune. Nothing was sold, nothing changed, there was just an announcement, and those who know the announcement is coming, or are actually making the announcement, get to cash in. It was worth one thing yesterday, and it's worth more today, and that increase is very real money.

There are lots of smoke and mirrors tricks to manipulate stock prices and make money going up or down, and people thinking of new ones every day. Now they're just creating their own money out of thin air.

And none of it requires any products to be sold.

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

    That's just the Free Market working like it's supposed to. That company's policies were so egregious that they eventually spawned a customer angry enough to do something about it. As a result, health insurance companies eased up on their restrictions for a time. That's a perfect example of the Free market working the way it's supposed to, and applying self-regulation

    The only problem was that it wore off, and the companies went back to their same egregious policies. That just confirms that we need to Luigi CEOs on a regular basis, until they decide that the extra bit of profit isn't worth it.

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  • [–] 2 points 5 months ago

    Trump has a war that hurts everybody except Russia, who gets their oil sanctions lifted during the oil crisis, so they can get rich.

    I'm sure Trump will be looking for that favor to be returned in 2028.

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  • [–] 9 points 5 months ago

    He's got his eye on the Gaza Riviera that he and Kushner want to build. It would be much easier if he were the Big Boss. He's got to get rid of Netanyahu first, he can't count on outliving him.

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