| ▲ | CFTC Staff Were Told to Retract Analysis of Suspicious Oil Trades(bloomberg.com) |
| 209 points by helsinkiandrew 4 hours ago | 73 comments |
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| ▲ | ergonaught 2 hours ago | parent | next [-] |
| This regime, as others like it, poses the constant question, “What are you going to do about it?” And the answer is, largely, nothing. It’s a shame, really. |
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| ▲ | shevy-java 6 minutes ago | parent | next [-] | | The interesting thing is how easily a democracy can be abused. In some ways, though in a more limited manner, it reminds us of Germany in 1933 or 1930s. Now the orange mafia in charge is, of course, not 1:1 comparable; ICE kills citizens willy-nilly style but they are not as systematic in their overthrow of the US democracy as the N people were in the 1930s. But many elements are very much comparable, such as the orange mafia trying to stifle critical journalism. That's a transition to a more authoritarian system. | |
| ▲ | Braxton1980 an hour ago | parent | prev [-] | | Blame the people who put them in charge, voters | | |
| ▲ | cowlevel an hour ago | parent | next [-] | | Why stop there? Why did voters vote the way they did? | | |
| ▲ | WarmWash 43 minutes ago | parent | next [-] | | Populism is historically both popular and destructive. | |
| ▲ | Buttons840 22 minutes ago | parent | prev [-] | | Because people were (and still are) struggling and wanted something to change. Trump was the change candidate. Harris straight up said she wouldn't change anything. The election was a rejection of stability. At least, that's how people in the middle, who decide election results, saw things. We rolled the dice and lost. But things still aren't working very well in society, so we'll roll the dice again. |
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| ▲ | spacephysics 26 minutes ago | parent | prev | next [-] | | In a democracy where everyone has the right to vote, I think the “downside” that must be accepted is there will exist a spectrum of voters. Voters who only listen to sound bites, voters who mindlessly vote tribally, to voters who research, voters who understand second and third order effects. We also can’t assume we have total information of how the elected official will act throughout their term. Even something as simple as, attractiveness mattering more in presidential candidates since the advent of television in homes. At the same time, we had a system whose establishment largely looked down on middle class Americans who didn't go to college. Early to mid 2000’s through the great recession saw the middle class tighten, with no real improvement to healthcare or affordability (attempts were made but ultimately medical costs are still rising). Many middle class people rely on things like cheap gas, child care, and affordable heating among others. Then you have a system whose leaders actively works to increase gas prices (regardless of EV incentives, you’re asking individuals to purchase new cars when a difference of 1 dollar in gas goes a long way), some states subsidizing green energy programs by additional taxes on oil and natural gas heating costs (just switch to heat pumps and take on a 0 interest loan for 10 years), and rising childcare costs partly due to regulations in childcare businesses. Then you have someone who claims to be an outsider (he wasn’t), who clowns on the existing elites in debates, and makes vast promises. The other party doesn’t say anything about positive change they’ll bring, just that they aren’t Him. Why not try something different than the status quo over the last 2 decades? With gas prices up, the Epstein scandal still unresolved, and another ME war, i think if many of middle America were told these would be the outcomes they would not have voted him in again. We should have more empathy for our fellow Americans, and try to understand each other instead of assuming they want the worst for your side. | | |
| ▲ | andrewflnr 2 minutes ago | parent | next [-] | | Jan 6 alone was enough to make voting for Trump morally unacceptable. Voting for fear and money over the preservation of freedom is a classic moral failure and every one of the people who voted for Trump not only knows it, but pretends to make it a cornerstone of their political beliefs. If they use Epstein and gas prices as excuses, fuck them. | |
| ▲ | cucumber3732842 23 minutes ago | parent | prev [-] | | "The populism will continue until morale improves" | | |
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| ▲ | estearum an hour ago | parent | prev [-] | | > Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate. Such ingratitude. - Elon Musk, June 5 2025 (https://x.com/elonmusk/status/1930667528696828120) Voters obviously bear ultimate responsibility, but there's a lot more going on than just "voters are responsible." If that were true, corporations and wealthy individuals would have no interest in injecting money into politics, but alas... they do. | | |
| ▲ | jgeada 16 minutes ago | parent | next [-] | | You're supposed to regurgitate the Brandies "“If there be time to expose through discussion, the falsehoods and fallacies, to avert the evil by the processes of education, the remedy to be applied is more speech, not enforced silence.” statement. You can never blame anything on propaganda and deliberate misinformation and manipulation of the public. And you have to assume all speakers have the same power and reach. Unrestricted free speech in practice falls under what Anatole characterized : "The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread." Elon can lie and propagandize at scale with impunity. But let's blame voters. | |
| ▲ | esseph 24 minutes ago | parent | prev [-] | | He also said after last time he was done putting so much money into politics, and then recently just dropped around another $300 million promoting republican candidates. |
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| ▲ | helsinkiandrew 4 hours ago | parent | prev | next [-] |
| https://wallhop.io/https://www.bloomberg.com/news/features/2... |
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| ▲ | master_crab 3 hours ago | parent | prev | next [-] |
| Forget the IRS. America can balance its budget going after and fining these illegal trades and traders. MAGA! (edit: /s but not about making the government some money off this corruption) |
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| ▲ | lesuorac 2 hours ago | parent [-] | | Insider traded is expected not illegal in commodity trading. The market is intended to support consumers and producers of the commodity and there’s no requirement for either of them to inform the market of their intentions or information prior to a trade. If a coffee growers knows a blight is killing their crops they can buy millions of futures before informing the market. | | |
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| ▲ | mhh__ 2 hours ago | parent | prev | next [-] |
| These guys are all going to end up in prison at this rate. Dems are currently predicted to win next election no? |
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| ▲ | baggachipz an hour ago | parent | next [-] | | Maybe a mid-level scapegoat or two will go to prison. Definitely not the ones at the top. God bless America | |
| ▲ | pm90 2 hours ago | parent | prev | next [-] | | Depends on who actually gets elected. A centrist candidate like Buttigeg/Ossoff/Harris/Newsom would almost certainly lead to no prosecutions. Someone with actual convictions like AOC or Ro Khanna might. | | |
| ▲ | estearum an hour ago | parent [-] | | Ossoff does not really seem like a centrist on this point. He's pretty vicious about the whole Trump criminal organization. | | |
| ▲ | pm90 26 minutes ago | parent [-] | | Fair. Although he seems to mostly target Trump, rather than the conditions that gave rise to Trumpism. Unless someone addresses that we’re stuck in a vicious cycle… |
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| ▲ | baq 2 hours ago | parent | prev | next [-] | | Oh absolutely not. They’re going to end up very rich! | |
| ▲ | Buttons840 19 minutes ago | parent | prev | next [-] | | We might get someone like Obama again who "looks forward and not backwards"... a logic that would result in all crimes being ignored if consistently applied. | |
| ▲ | dboreham 19 minutes ago | parent | prev | next [-] | | I wondered about this so checked what happened to Joseph McCarthy. He was subject to a vote of censure in the senate, and became unpopular, but that was it. Of course he died shortly after of alcohol related conditions, so there's that.. | |
| ▲ | specproc 2 hours ago | parent | prev | next [-] | | So the election will be meaningless. Expect bad things in November. | |
| ▲ | shrubble 2 hours ago | parent | prev | next [-] | | The CFTC’s refusal to do anything useful serves both parties. | |
| ▲ | pjc50 an hour ago | parent | prev | next [-] | | You might want to have a look at what happened to Iran-Contra. Or indeed, the current President's conviction in a New York court: https://en.wikipedia.org/wiki/Criminal_trial_of_Donald_Trump... They're simply in the oligarch level now. Everyone understands that they're above the law. Nowhere near enough Democrats are talking about the level of corruption clearout that would be required to bring accountability. Law enforcement are heavily compromised in the opposite direction. See the raid on Ilhan Omar, for example. | | |
| ▲ | euroderf 5 minutes ago | parent | next [-] | | Techno-feudalism has many practical applications that benefit techno-royals. | |
| ▲ | gadders 20 minutes ago | parent | prev [-] | | >>See the raid on Ilhan Omar, for example. I don't think congresspeople should be above the law. If she committed immigration fraud she should be convicted and deported. | | |
| ▲ | BoggleOhYeah 6 minutes ago | parent [-] | | I agree. But it’s pretty apparent that this is a case of political targeting. Elon and Melania Trump likely committed some level of immigration fraud as well. |
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| ▲ | deadbabe 17 minutes ago | parent | prev | next [-] | | Democrats are corrupt as fuck too, don’t be fooled. | |
| ▲ | cowlevel 2 hours ago | parent | prev [-] | | Even if they win, you're being extremely optimistic about what they'll do. Most of them are only slightly less corrupt than this, and definitely not enough to actively punish corruption. Most times they just say "let's move on" and grant some type of pardon. | | |
| ▲ | benregenspan an hour ago | parent | next [-] | | Articles like this make a pretty good case against "only slightly less corrupt than this", the difference in scale really is extreme: https://reason.com/2026/07/09/the-most-corrupt-presidency-in... | |
| ▲ | dash2 2 hours ago | parent | prev | next [-] | | I never saw anything remotely close to the Trump 2 level of corruption in any previous administration, Democrat or Republican. | |
| ▲ | ourmandave an hour ago | parent | prev | next [-] | | It really is mind boggling to watch a months long committee investigation of Jan 6th and then Merrick Garland just nopes out. | | |
| ▲ | estearum an hour ago | parent [-] | | I think (hope) that the next generation of Dem leadership saw the error in that and will come out guns blazing. If the remaining MAGA cultists want to take to the street and die for their godking then so be it. The criminals must be punished. |
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| ▲ | sandworm101 an hour ago | parent | prev | next [-] | | >> only slightly less corrupt than this The values do not bare comparison. Lookup the whitewater controversy (Clintons, 1990s). The loans in that fiasco were in the low hundreds of thousands of dollars. Trump just earned over 2,400,000,000$ in one year as president. One man. One year. And only the money he felt the need to report. There is simply no meaningful comparison to any previous corruption scandals. Nothing touches the numbers 10-digit gain numbers spiraling around the current administration. I am not sure the old pardon system will function here. The second half of that system involved the pardoned people slipping into a quiet retirement. The Trumps are not going to go quietly. | |
| ▲ | llm_nerd 2 hours ago | parent | prev | next [-] | | > Most of them are only slightly less corrupt than this, and definitely not enough to actively punish corruption. This feels like one of those "and that's why I blame the Democrats for everything Trump does, so I guess I have to vote for Trump's enablers" bit of horseshit, fwiw. Both parties are completely in the pocket of special interests (billionaires, Israel, among others), however on the corruption file the GOP has an absolute monopoly. The corruption in the modern Republican party is simply off the charts. And this presidency has turned the corruption to the max, in the open. Every criminal knows that if you think you're going to get caught, the first thing to do is profess your love of Trump and declare yourself a Republican, and in a moment your crimes will be exonerated and it will all be called "lawfare". > Most times they just say "let's move on" and grant a pardon. The Democrats have constantly tried to be the "high road" party. The law and order, let the process run out party. The "let's make bridges and not walls" party. The Republicans have completely taken advantage of it. If they take power -- which I think there is going to be a "Surprise" by this criminal fascist -- they need to go absolutely scorched Earth. And screw slow walking with some Merrick Garland type of snail, speed-run sending every Trump and enabler to jail. Hegseth needs to spend his remaining days rotting in a dungeon. I mean, Trump still sincerely calls Democrats "divisive". From the guy who gets his chuckling audience of halfwits to cheer on blowing up American cities, and who constantly attacks and disparages "blue states" and their residents. I cannot for the life of me understand how Americans in the better states aren't talking about secession. You simply must send some of the ignorant, garbage states packing. And seriously, the "both parties are the same" trope is so transparent now. It's a coping mechanism that terrible people use to try to justify why they're how they are. | | |
| ▲ | Sharlin an hour ago | parent [-] | | "Guess what, we don’t want you back in the Union after all, good riddance" |
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| ▲ | chii an hour ago | parent | prev [-] | | > Most of them are only slightly less corrupt than this not slightly. Just less openly. And given how there's no punishment for the current regime, they might start thinking they could also get away. Americans need to take a page out of france. Look at how they protest! | | |
| ▲ | cowlevel an hour ago | parent | next [-] | | I think the democrats are definitely less corrupt but still extremely corrupt. It's just that the current administration is so vastly, mindbogglingly corrupt it blows all previous meanings of "extremely corrupt" out of the water. It's like comparing the memory safety of C++ to the memory safety of hexadecimal machine code: Yeah C++ isn't particularly safe but when you compare it to flipping bits with tweezers and a steady hand, it's miraculous. | |
| ▲ | el_blargos an hour ago | parent | prev [-] | | Yeah but its unpay strike we're taking. Not sure a US worker can afford that. And... Its popular. When I go to a protest in the US I'm coming home sad. | | |
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| ▲ | xbar 24 minutes ago | parent | prev | next [-] |
| Corruption? |
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| ▲ | pards 3 hours ago | parent | prev | next [-] |
| https://archive.is/njzLB |
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| ▲ | arn3n 2 hours ago | parent | prev | next [-] |
| The CFTC, since Trump, has become entirely corrupt. Note that the proliferation of sports gambling in prediction markets, which is explicitly illegal, largely exists because the CFTC refuses to enforce their own legal mandate against Kalshi and Polymarket. It’s actually worse; when states try to shut down sports betting in prediction markets, the CFTC fights on behalf of Kalshi with the reasoning that only the federal government has the mandate to regular futures and prediction markets. And then they refuse to regulate! The CFTC is supposed to have 5 chairs, with no more than 3 in the same party. The administration has gotten around this rule by simply removing 4 of the commissioners and then refusing to appoint replacements. In effect, the CFTC has only 1 republican chair and no opposite party representation. The level of corruption is staggering. |
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| ▲ | namdnay an hour ago | parent | next [-] | | > sports gambling in prediction markets, which is explicitly illegal It’s a bit more complicated than that. The CFTC argues that under Dodd-Frank any bet on a future event that can have economic consequences is regulated by the CFTC. It’s a bit silly because this obviously wasn’t the intention of the legislation, and it would also mean anyone betting outside a CFTC regulated exchange is in illegality. But it’s valid enough that The case will probably go to the Supreme Court. | | |
| ▲ | miltonlost 2 minutes ago | parent | next [-] | | It's only a valid argument to this invalid Supreme Court filled with bribed judges, rapists, and racists. | |
| ▲ | xbar 21 minutes ago | parent | prev [-] | | It is an argument that is baldly non-nonsensical, but the Justice Department is not going to complain. |
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| ▲ | BoggleOhYeah 2 hours ago | parent | prev [-] | | Not to mention that Trump Jr is an advisor to both Kalshi (YC19) and Polymarket. |
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| ▲ | shevy-java 8 minutes ago | parent | prev | next [-] |
| Total corruption by the orange clown-thief and those around him benefitting from their heist here. The only partially redeeming thing we will soon witness is that he will lose the upcoming elections, no matter how much he plans to cheat. The TechBros pissed off too many people and stole too much money in addition to that. All that money should be given back, directly to the people. The superrich should not be allowed to control and manipulate democracies in general, even though they are currently prepping up the eyeliner-boy as successor to the orange insanity clown. |
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| ▲ | jdw64 3 hours ago | parent | prev [-] |
| The reason America is great is that even after electing such a corrupt president twice, the country still keeps running.
I feel the greatness of the American political system. |
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| ▲ | usui 3 hours ago | parent | next [-] | | The counterfactual doesn't make sense. Which country would stop or grind to a halt after electing a corrupt president? I think almost all countries would keep running at a basically normal capacity until failure, yet that doesn't prove those countries have great systems. This will need a lot more time and hindsight to make general statements in terms of the wider picture. | | |
| ▲ | diydsp 2 hours ago | parent | next [-] | | It'a not abt whether it keeps running. It's whether its citizens are able to maintain their rights. | | |
| ▲ | estearum 44 minutes ago | parent | next [-] | | Many citizens are not able to maintain their rights. Citizens are getting shot and killed by masked federal agents marauding through their neighborhoods. Americans who speak with particular accents or have specific skintones or frequent certain restaurants are getting harassed by police non-stop. | |
| ▲ | cowlevel 2 hours ago | parent | prev [-] | | the comment specifically said whether it keeps running |
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| ▲ | mxkopy 2 hours ago | parent | prev [-] | | I think it’s sarcasm. In other counties such corruption would trigger revolution, and the political system would grind to a halt |
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| ▲ | mlfreeman 18 minutes ago | parent | prev | next [-] | | We're still running in the same sense that Wile E. Coyote is still running when he goes off the cliff. Eventually we'll collectively look down. | |
| ▲ | LeBit 2 hours ago | parent | prev | next [-] | | The billions diverted from the government (tariffs, Venezuelian oil, etc) to enrich his own family and friends probably won’t make a dent in the American economy. America is so great , it can sustain the appetite of corrupt presidencies. | | |
| ▲ | boesboes 2 hours ago | parent [-] | | Just don't look at how the bottom half is doing! | | |
| ▲ | cowlevel an hour ago | parent [-] | | I heard there's now an epidemic of people dumping their spare change jars on the gas station counter to get the last drops of gas they can. This is what a collapsed country is like. This is what the USSR was like just before it officially disintegrated. The relatively wealthy tech bubble this website inhabits is shielded from it to a large extent. |
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| ▲ | Steve16384 an hour ago | parent | prev | next [-] | | What would be your definition of not running? It's like when someone says "We survived Covid!". Yes, you might have but thousands of others died. | | |
| ▲ | serf 35 minutes ago | parent | next [-] | | >What would be your definition of not running? inflation combined with little to no wage increase leading to total economic stall outside of the scope of any safety mechanisms, which precipitates an extreme cliff-face degradation of everyday life and commerce for citizens at every level. or, another way : conditions that would lead to public rebellion en masse, which further stalls things past the economic strife. the type of thing 1780s France saw. | |
| ▲ | dgellow 34 minutes ago | parent | prev [-] | | It’s way worse, the accumulated covid deaths in the US was above 1.1M in 2023 |
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| ▲ | mschuster91 3 hours ago | parent | prev | next [-] | | Eventually though, the built in resiliency will be destroyed. Public services got gutted by DOGE and a bunch more called it quits. And in the end, that is the game they are playing. Starve the beast (aka, the US government) until not much more than the military remains. | | |
| ▲ | actionfromafar an hour ago | parent [-] | | And weaken the brass, Russia style, until the military is just the personal Army of the King. |
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| ▲ | phs318u 2 hours ago | parent | prev | next [-] | | Please tell me there's an implied /s there somewhere. | |
| ▲ | alienbaby 2 hours ago | parent | prev | next [-] | | have you looked closely at the state of your institutions lately. 'The country keeps running' .. a large thing has quite a lot of momentum, it will travel quite far from that alone even if you do remove it's kneecaps. unless you dropped the '/s' ? | | |
| ▲ | actionfromafar 2 hours ago | parent [-] | | Russia also "keeps running". The floor is a long way down, doesn't mean it's a good idea to go in that direction. |
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| ▲ | timnetworks an hour ago | parent | prev [-] | | pro-western speech is not accepted on this forum. you'll be downvoted and flagged for saying the obvious. |
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