In 'The Road to Serfdom', Hayek claimed that price discovery communicates dispersed, localised knowledge of what people need and want, which no planner could possess. It relies on perfect free-market competition.
I'm convinced that Hayek and his close followers knew fine well that in reality market competition is riddled with violence and corruption. Prices are not 'discovered' but, enabled by such violence and corruption, administered in ways that create monopolistic winners - 'market power'. I learned this very early in life, when a friend of mine was beaten senseless after he tried to set up a rival stall on Consett's Saturday market.
Winners buy political power, abolish competition and crush democracy. Hayek et al. were not naive idealists dreaming of democracy but manipulative and quite malevolent ideologues working on behalf of powerful financial capitalists.
Market competition is an inherently evil, tragic, self-destructive system that empowers entirely the wrong people and leads to oligarchy, political capture, widening inequality and moral decay. Once more, we have arrived at that destination. We need to move on to a democratic socialist system of controlled markets. Nothing short of that will do.
A profoundly important investigation that the mainstream press has ignored. People should go to jail for this—a massive heist of British democracy in broad daylight, the consequences of which are the narrow remaking of Parliament by a tiny corrupt faction.
Al acabar el cine mudo, la construcción de imágenes tenía plena madurez : en "Zemlya" (1930) la cadencia del plano es mágica, con un montaje sin cortes súbitos que Dovzhenko enplea para mostrar encuadres donde el elemento natural (el viento) prefigura la serenidad de un rostro.
I have three monitors on my desk. The left one shows the order book. The middle one shows Truth Social. The right one shows the investigation queue.
On April 21st, the left screen moved first.
I am a Senior Surveillance Analyst at a commodities exchange. I have held this position for nineteen years. My job is to monitor trading activity for suspicious patterns and generate compliance reports. I am employee of the quarter. I have a mug.
At 19:54 GMT on April 21st, someone placed 4,260 sell orders on Brent crude futures. They did this during post-settlement. The window after the market closes when daily volume is typically in the dozens. Sometimes single digits. Sometimes I watch the screen and nothing happens for forty minutes and I think about whether my daughter is happy.
On April 21st, someone placed $430 million in directional bets in 120 seconds during that window. One hundred and twenty seconds. I timed it on my watch because the system clock rounds to the nearest minute and I have found, in nineteen years, that precision matters to no one but me.
At 20:10 GMT, the President posted on Truth Social that he was extending the Iran ceasefire.
Brent dropped from $100.91 to $96.83.
I flagged the trade. I flag a lot of trades. I want to tell you what happens to my flags.
My flags go into a system called TRACE. Trade Review and Compliance Evaluation. I did not name it. The system generates a report. The report goes to a committee. The committee has a name I am not allowed to share but I can tell you it meets quarterly and the conference room has a credenza with bottled water that is sparkling because someone once put still water in the room and a managing director sent an email about it that was longer than most of my surveillance reports.
The committee reviews my flags. The committee has reviewed all of my flags. Here is the complete record of actions taken on my flags in 2026:
Reviewed.
That's it. "Reviewed" is a status. In compliance, a status is the absence of an action that has been given a name so it looks like one.
Let me show you my flags.
March 9th. Someone bet millions on oil falling at 18:29 GMT. Forty-seven minutes later, a CBS reporter posted that the President said the Iran war was "very complete, pretty much." Oil dropped 25%. Forty-seven minutes. I flagged it.
March 23rd. Someone sold 5,100 lots of Brent and WTI crude futures between 10:49 and 10:50 GMT. Fourteen minutes later, the President posted on Truth Social about a "COMPLETE AND TOTAL RESOLUTION" to hostilities. Oil dropped 11%. Over 13,000 contracts traded in sixty seconds after the post. Fourteen minutes. I flagged it.
April 7th. Someone established a $950 million short position in oil futures at 19:45 GMT. Three hours later, the President declared a two-week ceasefire. Nine hundred and fifty million dollars. I flagged it.
April 17th. Someone placed $760 million in bearish bets twenty minutes before Iran's foreign minister confirmed the Strait of Hormuz would reopen. Seven hundred and sixty million. I flagged it.
April 21st. The $430 million. Fifteen minutes. I flagged it.
That is $2.1 billion in directional oil bets in April alone. Every one of them landed on the correct side of a presidential announcement. Every one of them was placed in a window so narrow you could measure it in bathroom breaks. I flagged every single one.
The CFTC chair told a Congressional committee that his organization has "zero tolerance" for fraud and insider trading. I wrote that quote on a Post-it note and stuck it to my right monitor. The one that shows the investigation queue. The investigation queue has not moved since March.
Zero tolerance. Zero staff. Zero budget. Zero prosecutions under the STOCK Act since it was signed in 2012.
Fourteen years. The law has existed for fourteen years and has been enforced zero times. In compliance, we call that a compliance rate of one hundred percent. No cases filed means no cases lost. You cannot fail an audit you never conduct. We call that excellence.
Last month the White House sent an internal email to staff. I was not on the distribution list but I have read reporting on it and I need you to sit with what I am about to say. The email instructed White House staff not to use insider information to place bets on prediction markets.
The White House had to send a memo telling its own employees not to insider-trade.
I want you to read that sentence again. Not because the instruction was unclear. Because the instruction was necessary. Because someone in the building looked at the same pattern I have been flagging for months on my three monitors and decided the appropriate response was an email.
The President's son sits on the advisory board of Kalshi. He is an investor in Polymarket. Both are prediction markets. Both saw accounts created days before U.S. military action.
One account. I cannot stop thinking about this account. It was called "Burdensome-Mix." It was created in December. On January 2nd, it placed $32,500 on Venezuela's president being removed from power. On January 3rd, Maduro was seized by U.S. special forces. Burdensome-Mix collected $436,000. Then it changed its username. Then it disappeared.
One account is a coincidence. But there were six.
Six accounts were created on Polymarket in February. All bet on U.S. strikes on Iran by the 28th. When the President confirmed the strikes, the six accounts collected $1.2 million between them. Five of the six never placed another bet. The sixth went on to correctly predict the ceasefire date and made another $163,000.
My surveillance system logged all of this. My system logs everything. My system does not have opinions and neither do I. I generate reports. The reports go to committees. The committees meet quarterly. Between meetings, the windows get shorter and the bets get larger.
March 9th: 47 minutes. March 23rd: 14 minutes. April 17th: 20 minutes. April 21st: 15 minutes.
The window is compressing. In March, you had time to make coffee between the trade and the announcement. By April, you had time to send a text. By summer, at this rate, the trade and the announcement will be the same event.
The spokesman said any implication that administration officials are engaged in insider trading is "baseless and irresponsible reporting."
Then the White House sent the email again.
I have been in compliance for nineteen years. I have seen insider trading run out of strip mall offices by men who could not spell "derivative." I have seen pump-and-dump schemes coordinated over WhatsApp by people who used their real names. I have seen a man try to manipulate soybean futures from a Panera Bread.
I have never seen $2.1 billion in perfectly timed trades across five presidential announcements in a single month go uninvestigated.
But I have also never seen a compliance system work this beautifully. Every trade flagged. Every report filed. Every committee briefed. Every quarterly meeting attended. Bottled water: sparkling. Minutes: distributed.
Zero prosecutions.
As long as the flags go up and the cases don't, my performance review says I am meeting expectations.
I am meeting expectations. The system is meeting expectations. The $2.1 billion is meeting expectations. The fourteen-year-old law with zero prosecutions is meeting expectations.
The left screen moves. The middle screen moves. The right screen stays perfectly, immaculately still.
In my field, we call this price discovery.
Bank of London fined puny £2m for filing fake documents with regulator to conceal its financial position.
Fine reduced from £12m because that "would cause serious financial hardship."
Peter Mandelson was a director until 2024.
No exec fined/prosecuted.
https://t.co/rbMWpLJlmi
A disaster for the US from a strategic communications point of view - having a Christian Zionist zealot in charge of the US embassy in Jerusalem is one thing, but giving him a platform to justify his extremist views undermines the administration's standing in the region
Hugh Mooney, ex-Irish Times, smeared an array of targets for MI5 and MI6. They included the victims of Bloody Sunday and McGurks bar bombing, Harold Wilson, Ted Kennedy, Jack Lynch, Charles Haughey, John Hume, Ian Paisley and Cardinal Conway. Read this👇
https://t.co/Q0B28XNg4C
Yesterday at Woolwich Crown Court, the prosecution were forced to submit revised site plans — plans that suddenly included CCTV cameras missing from earlier versions. Footage from those cameras may hold crucial evidence of security guards assaulting activists.
Earlier in the trial, defence barristers presented the jury with footage absent from the prosecution’s own evidence bundle. What was shown appeared to seriously undermine parts of several security officers’ testimonies.
We also learned that, during this same trial, a safe inside Elbit Systems was found to contain Metropolitan Police evidence bags — including USB sticks holding security footage.
And in an email disclosed in court, an investigating police officer warned a senior Elbit Systems security manager (whose identity is being withheld from the defence) that gaps in the footage might be used to the defence’s advantage.
Why are UK police discussing defence strategy with Israel’s largest arms manufacturer?
If you’re relying on corporate or mainstream coverage of the Palestine Action #Filton trial, you’re far from the full picture.
Real Media is covering this significant trial day after day and will continue to expose collusion and lies as they emerge.
The Filton Trial Week 3: https://t.co/4kylEDFZe8
@Andrew_Iler@jimmydie1963 This file (p. 8-9) has Dulles suggesting the Gehlen organisation could be used in Operation Mongoose—is there evidence of this?
https://t.co/MQFeQPSZWw