Photo by Sergei Tokmakov, Pixabay
Photo by Sergei Tokmakov, Pixabay
For the modest fee of $100,000 per month, select banks and traders can have advanced notification of Trump's market moving posts. Yes, you too can be a successful insider trader for the right price.
Just when you thought it wasn’t possible for the Trump corruption operation to be more blatant, it just became even more so.
Donald Trump has long been suspected of intentionally making market-moving pronouncements on his social media platform, Truth Social. Ever since his “Liberation Day” tariffs proved to be a massive windfall for those shorting stocks last year, the pattern of people somehow “in the know” profiting from his posts has become more and more obvious.
The market immediately tanked after Liberation Day. But various large short trades were entered just before the announcement. For those who are not aware, a “short” trade is where one sells securities at a certain price hoping later to buy them at a much lower price and net a profit. Huge profits were made on these shorts.
It can be safely assumed that Trump and some of his select cronies have made piles of money on these market moves. According to ABC News, Trump made more than 21,000 securities trades in his first year back in office.
Similar volatile swings happened in the markets when Trump started his war with Iran, when Iran closed the Strait of Hormuz, when the “cease fire” went into place and each time there has been a restart of shooting.
Whatever else Trump is doing and sees himself it may now be useful to view him as the Day-Trader President.
But now back to where we started on this piece. Trump’s Truth Social is actually validating his market manipulation by monetizing it. For the modest fee of $100,000 per month, select banks and traders can have advanced notification of Trump’s market moving posts. Yes, you too can be a successful insider trader for the right price.
This makes a nice tidy revenue stream for Truth Social, because truth be told, they really don’t make much money at all. Check their quarterly and annual results and you’ll see steady rivers of losses. So if traders take up their invitation to insider heaven it will improve their bottom line. We also have to remember that Trump owns 41 percent of the stock in this media operation. So he gets to benefit more on his insider tips too!
As ABC News commented:
Just which firms are signing up for the feed is unclear. Asked for comment, none of the half dozen most well known high-speed traders such as Citadel Securities and XTX Markets replied. If just three sign up for the $100,000 a month fee, that would double revenue at Trump Media, which reported taking in $3.7 million last year.
So this is a double Golden Grift. Somehow blatant corruption seems like such an understatement. This deserves a Golden Grift Award, don’t you think?
Marty Kassowitz is co-founder of Factkeepers. As founder of Interest Factory and View360, he brings more than 30 years experience in effective online communications, social media management, and platform development to the site. He is a writer, designer, editor and long time observer of the ill-logic demonstrated by too many members of the species known as Mankind. After a long history of somewhat private commentary on a subject he totally hates: politics, Marty was encouraged to build this site and put up his own analyses as well as curate relevant content from other sources.
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