Episode 88
The Billion-Dollar Laugh: Insider Trading in Trump's America
Summary:
Uncover the potential manipulation of stock prices under Trump's administration and its impact on everyday citizens. The episode examines significant stock market swings linked to Trump's tariff decisions. Discover how key figures, including individuals from Charles Schwab, reportedly profited using insider information, while regular citizens faced setbacks in their retirement savings. This narrative questions the allegiance to Trump amid a backdrop of alleged financial exploitation, encouraging listeners to reflect on the implications of political and financial power dynamics.
Chapters:
| 0:00 | Insider Gains in Stock Market |
| 0:38 | Tariff Policy and Market Impact |
| 1:08 | Impact on Everyday Citizens |
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Music Credit: Good_B_Music
Mentioned in this episode:
Left in Exile Intro
Left in Exile Intro
Transcript
Donald Trump: Charles Schwab. It's not just a company, it's actually an individual he made. He made two and million today and he made 9 million.
Dr. Jim: What you just heard and saw is Donald Trump in the Oval Office yucking it up with a couple of people from Charles Schwab who made a killing in the stock market. After he had manipulated stock prices through his tariff and trade policy, what you saw over the last handful of days was massive swings in the stock market and those swings.
It ended with almost a:and it wasn't a complete elimination of tariffs. It was just a pause on the highest tariffs for the next 90 days. And there he is in the Oval Office talking about how one of his backers made over a billion [00:01:00] dollars and another one made close to a billion dollars in playing the market.
Thanks to insider information. That's what's happening.
Meanwhile, everyday citizens who've been saving what they can for their retirement and their 4 0 1 Ks saw utter devastation ever since that he's taken office. Let's make sure we're using the right terminology.
You did not lose money in your 401k
Donald Trump. And his billionaire buddies stole it from you, and they're laughing at you from the Oval Office. So for those of you who still think that it makes sense to support this guy, how much more is he going to need to rob from you until you get it?
