Posts Tagged ‘Markets’

Another War? You Can Bet on It!

Thursday, April 2nd, 2026

“Football, beer, and above all, gambling filled up the horizon of their minds. To keep them in control was not difficult.” George Orwell, 1984 

By Bob Gaydos

C617061E-9B2E-4022-93A2-AB489BEA8B80  If I were a wagering man, and having missed out on the Pam Bondi firing, I would lay a few sheckles on the likelihood that Trump will flush Pete Hegseth next and label him an ineffective Secretary of War.

   You can do that legally. I just found out. Somehow, the presence of so-called Prediction Markets escaped my attention as I struggled to maintain my sanity in a world going mad by design. Ironically, these markets are prime evidence of that phenomenon.

     And it has been happening for some time, starting with legalized sports betting. In my opinion, the emergence of legalized sports betting, not only on game outcomes, but specific moments within the game, has seriously eroded the simple enjoyment, never mind the credibility, of sports. The lure of big gambling money has made sports more profitable and players understandably want and deserve a share of the added money. Bigger contracts then mean higher costs at the stadium. Betting on a field goal or strikeout holds the lure of quick money to pay for the beer and hot dogs.

    It’s all about the money.

    But apparently it’s no longer energizing enough for people looking for an escape and maybe some easy money to just place a bet on whether some college or pro player will make or miss a foul shot. Now apparently you can bet on whether the coach will be fired and arrested at a DWI Checkpoint on the way home. Maybe he’ll run over someone.

   What are the odds? Who cares? What have you got to lose? If he makes it home safely, you can always bet on when Trump is going to lower tariffs again. That’s a surer bet.

    It’s also one of the things wrong with prediction markets. Never mind manipulating the stock market, people in positions of power can affect world events. People in power, if they choose to, can manipulate world events. And people in power, if they are of a mind to do so, might let someone know when to expect some unexpected event.

   Like the United States attacking Iran. While Trump was killing 168 Iranian school girls by giving the order to attack, someone betting on the prediction market was making a killing by predicting the attack would happen on the day it would happen. You may recall that Trump had just previously said talks between the U.S. and Iran were moving along on the nuclear weapons issue and no military action appeared to be imminent. No hints. No warning. Just bombs and a financial bonanza for someone.

   Some governors have sued to ban prediction markets as a form of legalized sports gambling, which their states do not allow. Democrats in Congress have introduced legislation to simply ban prediction markets in this country, but the White House, of course, has no problem with them.

  With Trump, a former casino owner in charge, the house can literally fix the game. Like kidnaping the Venezuelan president, also apparently a coincidental lucky big payoff for some anonymous bettor. And it’s probably not a coincidence that Trump’s sons, Eric and Don Junior, have a major stake in a prediction market and Don is an advisor to another one, Kalshi. No likelihood of collusion here.

    But really, forget the fact that America is losing jobs, prices on everything, not just gasoline, are rising daily, young men are struggling to find work and hoping the draft isn’t reinstituted, farmers are being bailed out by the government that killed their markets and millions can’t afford healthcare. That’s just the day-to-day reality in Trump’s America. Prediction markets drag everything down to a lower level of humanity.

   Betting on war, assassinations, or some other form of others’ misfortune for personal financial gain is a dehumanizing activity. It’s immoral. A perverted version of no pain, no gain. As Orwell foresaw, it’s surrender disguised as entertainment. It’s like saying, as long as the world is so screwed up, I might as well try to make some money off it. 

    Forget it, pal. That game is rigged for the House, too.

 

Silence of the Republican Lambs

Thursday, October 23rd, 2025

By Bob Gaydos

Wrecking ball demolishing the East Wing of the White House.

Wrecking ball demolishing the East Wing of the White House.

— He is tearing down the East Wing of the White House, after saying he would not, to build a garish ballroom. Republicans say nothing.

— He is using our military to murder people on the high seas, in the name of fighting drugs, with no evidence offered of any wrongdoing. Republicans say nothing.

— He is using ICE as a  violent private army to kidnap people off the streets of American cities in the guise of fighting illegal immigration, locking them up in private prisons with no charges filed or sending them to other countries. Republicans say nothing.

— He is three weeks into a government shutdown, with federal employees going unpaid and services curtailed, having made no attempt to reach a budget compromise with Democrats. Republicans say nothing.

— He has scared House Speaker Mike Johnson into keeping the House out of session to work on a budget that will not cause millions of Americans to lose their health insurance because that would also require Johnson to swear in a new Democratic representative, who would be a deciding vote to require release of the Jeffrey Epstein files, which are believed to contain the names of prominent figures (including his) involved in a worldwide sex-trafficking scandal involving teenaged girls. Three Republicans complained.

— He has ordered federal prosecution of persons who he feels have disrespected him in word, in print or in court, offering none or flimsy excuses for evidence of wrongdoing. An enemies list. Republicans say nothing.

— He is ordering the National Guard into American cities governed by Democrats, over the opposition of governors,  while claiming crime is rampant when it is not and ignoring judicial rulings to cease. The Guardsmen are used as stage props. Republicans say nothing.

— He is suing the news media for daring to report the truth and seeking exorbitant sums to settle the suits as a way of silencing the press. Republicans say nothing.

— He is demanding payments from colleges for admission policies and courses which recognize the wide spectrum of people living in this country, as well as its history. Republicans say nothing.

— He is asking the Justice Department, which he has seeded with sycophants and lackeys and inexperienced lawyers, to pay him $230 million restitution for being the subject of several investigations and indictments, which ceased when he became president. Republicans say nothing.

— He has made enemies of America’s traditional allies, such as NATO, Canada and Mexico, through insults and accusations, while cozying up to Vladimir Putin of Russia and other authoritarian leaders. Republicans say nothing.

— He has filled his cabinet with the worst collection of incompetent, publicity seeking misfits in the history of the country. Planes are colliding; people are getting measles again. Republicans say nothing.

— He has played games with tariffs, imposing and threatening huge ones against various countries, disrupting trade, raising the price on imported goods, increasing supermarket shopping costs and causing hardship to farmers already hurting because of the kidnapping of their workers and undoubtedly resulting in profits to family and close associates who know ahead of time when he’s going to change his mind on a tariff and cause some stock to soar or sink because of his illegal market manipulation. Republicans say nothing.

— He pardoned the January 6 rioters, who lay waste to the nation’s Capitol over his false claim that the 2020 election was stolen from him. Republicans say nothing.

— He has hawked watches, sneakers, bitcoin and coins with his name on it, held invitation-only dinners for ultra-wealthy influence seekers and accepted a jet from Qatar, which will cost a fortune to refurbish to use as president and as his personal aircraft in civilian life, all in violation of the law forbidding the office holder from profiting off the presidency. Republicans say nothing.

— He is talking about having a coin minted with his image on it (illegal) and maybe building a triumphal arch honoring him in Washington, D.C. Republicans say nothing.

— He acknowledged the No Kings Day demonstrations, as more than 7 million Americans took to the streets for peaceful protest against all of the above, with a social media post using an AI-generated video showing him as a royal ruler flying over the demonstrators and defecating on them. I repeat: Defecating on them. American citizens. Mikey Johnson called it “satire.” Other Republicans say nothing.

— He plays golf virtually every weekend, displays no working knowledge of math, science, history or how government works, lacks empathy, can’t remember who’s the leader of which country, is unable to give a speech without descending into disconnected sentences of self-glorification and lies about virtually everything, including being shot. Republicans say nothing.

   OK, that’s it. I’m exhausted and that’s only off the top of my head without doing any research.

   Here’s the point: There are elections coming up very soon for state, county, town  and city officials across the country. I have been an independent voter my entire adult life. I voted for whomever I thought was the best candidate for the job. The last few years, my decisions have been simplified. I simply vote for the Democrat. Or, put another way, I never vote for the Republican.

      They have sat by, mostly silently, while this man has laid a wrecking ball to our nation. To our ideals. To our reputation. To our heritage. To our sense of community. To our self-respect.

   Whether it be out of fear or pure complicity, at this point it doesn’t matter anymore. Their silence defines them. They are him.

   I will vote for and/or publicly commend the first local Republican official whom I am aware of speaking critically of him publicly. But it’s been 10 years and I’m still waiting. And I’m not holding my breath.

    Republicans need not say anything.