“15 minutes before Trump announced that the U.S. would postpone strikes against Iran’s energy infrastructure, the volume of stock market trades mysteriously spiked and the price of oil just as mysteriously plunged."

~ Robert Reich

#Trump #Iran #war #PredictionMarkets #StockMarket #InsiderTrading #profiteering
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https://robertreich.substack.com/p/trading-on-trump

Trump’s Graft, Insider’s Grift

There’s a word for this, and it’s not pretty

Robert Reich

Yet at that time — 15 minutes before Trump’s announcement — there were no public indications that any serious talks had been taking place between the U.S. and Iran.

So this huge spike in stock market trades and drop in oil futures must have been made by someone, or some people, who had prior knowledge of Trump’s announcement.”

#Trump #Iran #war #PredictionMarkets #StockMarket #InsiderTrading #profiteering
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"This morning, economist Paul Krugman came right out and said it: 'People close to Trump are trading based on national secrets.' Another word for that, he said, is 'treason.'”

~ Heather Cox Richardson

#Trump #Iran #war #PredictionMarkets #StockMarket #InsiderTrading #profiteering
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https://heathercoxrichardson.substack.com/p/march-24-2026

March 24, 2026

This morning, economist Paul Krugman came right out and said it: “People close to Trump are trading based on national secrets.” Another word for that, he said, is “treason.” The evidence for such a claim is the sudden and isolated jump in trading volume in S&P 500 and oil futures about 15 minutes before Trump suddenly announced that the U.S.

Letters from an American
@wdlindsy
Lawrence O’Donnell frequently points out (esp when Trump calls it) that “treason” has a specific legal meaning. That meaning does not include “trading based on national secrets”. I’d think that “insider trading” would apply, though.

@Red_Shirt_no2 @wdlindsy treason does have a specific meaning

but I bet good prosecutors could make a very strong case that a president—tasked with upholding the laws of the land and protecting its citizens from all kinds of harm—who decides to risk the lives of those citizens and the sovereignty of their country in order to make his family and donors very rich, is in fact treasonous.

@grammasaurus @Red_Shirt_no2 @wdlindsy

I'm obviously not a lawyer, but aiding or providing comfort to an enemy during wartime sounds like treason. Trump lifted US sanctions on Iranian oil.

@bruce @grammasaurus @wdlindsy

Yeah, that’s pretty much the definition. Lawyers could quibble over whether Iran is an ‘enemy’ when Congress has not declared that we are at war with them; but that’s about the only breathing room I see.

But that wasn’t the behavior cited in the post to which I responded.