Classic fascist regime (USA) ignoring material reality and thinking their imaginary numbers (US dollars) can fix a problem caused by a real supply shock. I don't even understand the implications of the USA selling a kajillionn dollars worth oil futures to temporarily stabilize gas prices - does that mean the US government will have to buy oil at ANY price and sell it for the agreed upon price when the futures mature?

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[–] WatDabney@lemmy.dbzer0.com 15 points 19 hours ago (1 children)

Or more precisely, a point at which the scale of the malfeasance of the wealthy and politically influential few so far outpaces the slow and steady ongoing transfer of wealth to them from everyone else that it's replaced by an immediate and significant transfer of wealth to them from everyone else.

[–] infuziSporg@hexbear.net 9 points 18 hours ago

Set weapons to full auto! Don't stop firing until you see the whites of their truce flags!

[–] oliveoil@hexbear.net 11 points 18 hours ago

How much money did they dump to fuck with the global oil market?

[–] plinky@hexbear.net 7 points 17 hours ago* (last edited 10 hours ago)

if they haven't closed they can get blown out, i don’t think they are that dumb but i'm ready for a happy surprise.

(oil was trading between 85-95 for 5 days after either direct intervention or markets believing in trump's war is finished thingy, you have to have unbelievable arrogance to not close after shorting at 110)