Mastodawn

Paul Krugman:

"When officers of a company or people close to them exploit confidential information for personal financial gain, that’s (illegal) insider trading. But we have another word for situations in which people with access to confidential info regarding national security exploit that info for profit. That word is “treason.”

There’s a broader lesson here: You can’t trust a corrupt govt to protect national security. And our govt is now utterly corrupt."

https://paulkrugman.substack.com/p/treason-in-the-futures-markets?r=4bv4c
#UsPol

Treason in the Futures Markets

People close to Trump are trading based on national secrets

Paul Krugman

AkaSci 🛰️19h ago

RE: https://mastodon.social/@dangillmor/116287194346451211

"Volume in stock and oil futures surged minutes before Trump’s market-turning post."
🤔
https://fosstodon.org/@dangillmor@mastodon.social/116287194419481333

Bruce Mirken 15h ago

@AkaSci It's all so transparent, and they don't even care.

tanavit 14h ago

Why should they care ? Couldn't they expect a presidential's pardon ?

Bill Zaumen 18h ago

@AkaSci Such behavior may be treason figuratively, but it is not legally: according to the U.S Consitution, "Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort. No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court."

FinchHaven sfba 16h ago

@[email protected]

Bye, Mr Reply Guy

@bzdev @AkaSci The state against the people........

Violet Madder 15h ago

Well, who exactly are our Enemies, anway?

Ralf Mohr 14h ago

@violetmadder @bzdev @AkaSci
Your enemies every day appear on TV, talking gibberish.

Violet Madder 13h ago

@RalfMohr1 @bzdev @AkaSci

To wild applause...

@bzdev Indeed, and by doing it in such a way as to lend aid and comfort to an enemy waging war against the US also falls under that umbrella. Like manipulating markets to give an enemy an economic advantage is part of levying actual war against Americans.

but yes, it cant just be for profit. it has to involve a war waged against Americans, either directly by the traitor or by those they give material support to, and the party charged has to have sworn the oath.

marines/NG in CA count.

Bill Zaumen 6h ago

@bweller @AkaSci

For those who might want a much more detailed explanation, please check out the following link (the text in it was written by two law professors):

https://constitutioncenter.org/the-constitution/articles/article-iii/clauses/39#does-the-treason-clause-still-matter

@AkaSci K-shaped zero-sum game (losers not depicted)

Ruled by a bunch of mafia thugs. For Trump the presidency is just another business opportunity…

Sascha Wycisk 14h ago

https://youtu.be/cNcEQGrEva0?is=ACxP-KuTJHfTxGVP

Did someone know what Trump was going to say? | Ed Conway analysis

YouTube

Robert Berger 13h ago

@AkaSci
Trumps government seems to be by far the most corrupt regime in USAmerican history.
And still the MAGAs vote for them.

What the fuck is wrong with them?

EaterOfSnacks 45m ago

@Robbe_Duesseldorf @AkaSci What isn't wrong with them?

Robert Berger 2m ago

@eaterofsnacks @AkaSci
👍🤷

Frank Frank 10h ago

It's not like tRUMPy's exploiting National Guard members whom have signed up to serve their nation.

Harry J. Bodifée 9h ago

@AkaSci if not kleptocracy

Nicklas Johnson 🏳️‍🌈7h ago

@AkaSci And the same 'liberal' news media who couldn't get enough of the Whitewater investigation or Martha Stewart's insider trading will just blow this off like it's nothing. In two weeks it'll be like it never happened.