General Discussion
In reply to the discussion: Fox melt down happening now [View all]Mersky
(4,979 posts)This fiat by tweet smells like stock manipulation and a shakedown for campaign contributions. Extortion to bring political opponents to heel and confederates to payout.
By now, he and his advisors should darn well know the consequences of his Twitter fingers on the markets. He and all of his market guys, billionaire buddies, know he can dump stocks on a whim. Sooo, I'd like to know who in his circle owns/shorted those stocks or associated plays. Good grief, he tanked the market, after Powell sort of smoothed things over. When does willful idiocy become premeditated manipulation?
Trade wars are easy he said. Tell that one again to the retired teacher trying to transfer funds and chose the wrong day to sell some of their modest portfolio. Tell that lie again to the farmers losing their shirts.
And he signalled that he wants companies to dragnet deliveries for fentanyl, as if there aren't limitations and screens for the stuff already in place. Seems this is the sort of thing that needs to be searched at the ports...amirite, Cocaine Mule Moscow Mitch? But no, that wouldn't have the same effect as his chilling chaos-making upon corporate free speech money.
Our capitalist system has become so corrupt that it's wrapped itself around, and is eating its tail, and turning into corporate/nationalist socialism. The free hand of the market? Ha. Yeah right, increasingly it's more like the little orange fingers in the market jerking everyone around. The mess of it didn't start with him, or the Citizens United decision, but have been accelerants for the economic cynicism and corruption that lead to payola over real value creation.
(Please note, I've used some hyperbole and taken liberties with terms like payola instead of using 'rent seeking' because I believe it has greater, more immediate artful meaning to more people. I'm not entirely comfortable describing the current state of our capitalistic system as corporate nationalist socialist, but I'd argue it has features of such. Mostly, that paragraph echoes in-person conversations I've had with family members who've been trained to view Democrats as mooching socialists. I made at least one of them blush, and maybe think twice about their certainty on the matter.)