American investigative journalist and author Whitney Webb, who appeared as a guest on Jimmy Dore’s YouTube platform, maintained that the Trump Administration has “turned the White House into a trading desk.” This refers both to crypto pumping for the holdings of the Trump family, and now, with the President’s constant shifts in war pronouncements which manipulate stock, bond and “prediction” markets, to the advantage of bettors who have even brief advance notice of his pronouncements.
In one excerpt from her interview, which was posted by the X user “sensereceptor,” Webb said that beyond “endless wars, it will be the downstream economic devastation that the destabilizing effect of this war will have on oil markets, that will cause a lot of problems for the rest of us. But not like Trump, not for Trump and his billionaire friends or for the people that are insider-trading the information on Polymarket, where insider trading is now legal. Or on Kalshi, where Don—you know, which is also a prediction market where people can bet on world events, and Don [Trump] Jr. is on the board of that, I believe. So, you know, it’s basically plutocracy.”
