Who made millions from the attack on Israel?

In the days before the October 7th attack short selling of Israeli stocks spiked in New York, making someone a lot of money. How likely is it that a Hamas insider was behind it?
00:00 - Pre-war stock market changes
00:33 - What happened to the stocks?
01:03 - Who was behind it?
Sign up to The Economist’s daily newsletter: econ.st/3QAawvI
Read our coverage on Israel and Hamas: econ.st/46Ka8Cy
Did Hamas make millions trading the October 7th attacks?: econ.st/4822Zyd
Inside Hamas’s sprawling financial empire: econ.st/483x94b

[@multatuli1]

The old saying "see where the money goes" are timeless.

[@arjunkutty7]

Egypt literally warned Israel about the imminent attacks and Netanyahu ignored it on purpose. It's a matter of recorded fact

[@teenahweenah2608]

Israel has not provided any credible evidence that Hamas breached the Iron Wall. The International Court of Justice is considering Israel's right to exist in PALESTINE. Why would Hamas jeopardize this victory. Israel is oppose to the International Court of Justice challenging Israels right to exist. ISRAEL is guilty of masterminding this attack on themselves.

[@Dacapoelcodaa]

Not just Egypt even official in israels intelligence and military

[@stevesmith756]

The US military weapons manufactures. With Ukraine and Israel they are making billions of dollars!!!!!!

[@moamelnawfal]

Plus I've read somewhere that footages of surveillance cameras were removed from that day. It is so sad that an attack that costed the lives of thousands of innocents could have been easily avoided.

[@manuelaguirre1062]

Just like Pearl Harbor.

[@EnnAye]

They keep asking was it someone in Hamas, yet could just as easily be an Israeli. Egypt warned Israel, something was going to go down. Also Israeli intelligence also knew about it, apparently a year ago. I have friends who have been to Israel, they said that place is SO heavily guarded, that they would even shoot a dog if it got too close. Miraculously that day the IDF were sent somewhere else and took them 6 hours to get to the scene. Israel also refused to let independent organisations in to observe, clarify and report what they had seen. Now why would they do that?

[@mastourahmed9152]

Every1 knows they are liera and a bunch of greedy mf. They think this world will last 4ever

[@dudepubgm]

I think Israel wanted to have fun. Just saying

[@faceofdead]

The Stock Market of coarse... I was working in the UK some time ago and we had around 5K pounds savings with my roommate. We wanted to try multiplying the money with binary options (short term market betting), so we had a call with the site's market specialist (a psychology master working in a call center in Bulgaria). His first lead was - "there is going to be a conflict in Gaza in 2 days, put all your money in the oil price"... And of coarse, 2 days later there was the conflict and our 5K turned into 9K... He made us put the money again and we lost them all (we bet on something else, not oil, but cannot remember)and this is how they operate... Pump and Dump. We had to call Bank and chargeback before it's too late... I bet many individuals make a lot of money from betting on human suffering, and of coarse Israelis don't want Arabs around, so it's win win for them.

[@troywest1724]

Sounds like Pearl Harbor

[@diamondfb]

Why not Israel and USA? Stranger things have happened in history.

[@barking_mad6649]

It's simply not true that Hamas's actions weren't known about. Israel were told by their own security services what was planned (right down to the use paragliders), and that Hamas had done a practice run, which again was ignored. Egypt knew also and warned Israel days before the attack. It would be surprising if others (US) didn't also know.

[@magnuscarlsson9969]

According to a article in New York Times, they even had pretty much the whole operation mapped out even a year in advance.

[@ixinor]

Ah yes, those same plans five years ago. Or eight. This excuse is the dumbest take ever. Because intelligence is difficult to take seriously if youre constantly getting threatened. There were peacetalks and Hamas ruined that with that attack. Stop lying and diverting the topic, filthy Hamas supporters.

[@galg4590]

Except Hamas has learned all of Israel's plans for ground operations, forcing the IDF to revise all of their plans.​@@magnuscarlsson9969

[@galg4590]

Our entire system is corrupt and needs to be investigated and reformed.

[@ethanomihombre]

@@magnuscarlsson9969Can you link the article? From what I read all the warnings were kinda vague and didn't talk about the scale at all, but I'd be happy to learn more.

[@Quarky_]

I clicked thinking they would talk about how much the weapons manufacturers made enabling this carnage, but no lo-and-behold, they are talking about short selling conspiracy theories. If they really wanted to do this report honestly, they would also discuss how common this kind of short sells are in stock markets.

[@alexkhorne7733]

Make the next video "Who made millions from war in Ukraine" please.

[@teslawatshipi1329]

Ukraine we are talking billions

[@KarlMarxBR700]

The United States of course, what is the country that is present in all wars and benefit from them?

[@sailbroker6244]

Same people ..

[@jxsjoker3472]

Joe biden did

[@multipl3]

The US taxpayer chump

[@rousseaubhatra7070]

It is also possible that people with close ties with Israeli intelligence did it. They knew about the Hamas attack and ignored it.

[@RandomUser25122]

Precisely because they wanted the land

[@PrimesFajitas]

Possible is an understatement

[@detox4325]

Or Iran/ Hamas backers

[@osuave7811]

@@RandomUser25122 The effect of digesting propaganda.

[@milobarkymcbarkface6846]

thanks for the tip. Going to short my companies stock from here on out whenever my bosses don't listen to me.

[@JFDA5458]

This is the same speculation that appeared after 9/11 when it was shown that someone had massively shorted UA and AA stock just prior to the attack, There was some academic support for that eventuality, see a paper by Alan Poteshman who analysed trades going back over 30 years prior to the attacks courtesy of the CBOE.

[@kamranhashmi1575]

That is what I was going to say😅

[@nwaiser9287]

You’re great man It is indeed what happened prior to September 11th I still remember

[@JFDA5458]

@@nwaiser9287 We all should, whether you're American or not.

[@Gaze73]

Yeah and Lucky Larry Silverstein insured his WTC buildings against terrorism right before the attacks.

[@osuave7811]

@@kamranhashmi1575 Most never learn the value of a well performed DD research. The effect of digesting propaganda.

[@Capeau]

are they really acting as if there is no records that show who did that tade?! Hard to believe...

[@alishanboyadjian2266]

right... they can probably see the exact coordinates of the machine that made the trade at that exact moment, but of course they're just gonna tease us with a "who knows?"

[@torquemaddertorquemadder2080]

Experts are baffled.

[@crystal2484]

U have traded, have u?

[@cologist]

Maybe because it will show something disturbing >_^

[@sammiller6631]

@@alishanboyadjian2266 They can probably see? That's not how OTC works, bruh.

[@Ameer-dj5gj]

this is extremely unprofessional. if u don't know then don't upload anything yet til you figure it out.

[@MrSupernova111]

US propaganda and narrative as usual. Nothing new.

[@ffvgaming3735]

They have been posting disinformation and soecualtive pro Israel content for 2 months now

[@haveaseatplease]

There is a difference between not knowing and not willing to say.

[@jaybartgis5148]

You must think we were born yesterday to seriously pitch to us it was hamas making these trades. You have to be joking.

[@Reptiloid5g]

Who else then? Hamas or someone who is connected to them. If someone in Israel had exactly information, he preferred to become a national hero for decades. If you think differently, maybe your country intelligence should put an eye on you 😅

[@paolazo-l4790]

why not? what's your point? I must have been born yesterday then

[@Reptiloid5g]

@paolazo-l4790 Those people are just spreading tons of conspiracy theories against Western countries. This is the best weapon that failure dictatorship countries use.

[@sdub300]

right on...we know who, american congress members made that money.

[@Reptiloid5g]

@@sdub300 Well, of course, it is more likely that this was done by respectable politicians of the democratic country who are being monitored by tax inspectors, than by a terrorist organization that carried out a terrible massacre, then hid underground using its own population as a human shield.

[@Abz_3]

Also Egypt warned Isreal 3 days before that there will be some attack happening

[@user-hu7ix5xc8q]

Israeli government's malfunctioning doesn't mean they are cheating with stock market in America. They simply failed to judge the situation properly.

[@Reptiloid5g]

There are thousands of warnings on a daily basis. Read the story "Wolf-wolf".

[@pcgaming7680]

​@@Reptiloid5gthey're not in the thousands or anything but i know the story

[@tnasr3254]

How many of those warnings entail the director of Egyptian intelligence (Kamel Abbas) personally calling Netanyahu 10 days prior to the attack w/ a warning that something unusual is going to happen soon? Democide at its finest@@Reptiloid5g

[@abz2000123]

Some warnings are credible and specific.

[@Bubbastonks]

It’s interesting that you made an entire piece about oct 7 trades but not oct 8-dec 8 trades. Hmmm 🤔 why?

[@ahmedshaharyarejaz9886]

All trades are recorded, just look it up.

[@johnkay4701]

Just simply "Follow the Money" !!!

[@orhanent]

Must be Netanyahu who was expecting this attack. May be a similar financial game that has been performed centuries ago at the time of Waterloo war between England and France.

[@abcdLeeXY]

I’m an American and I am ashamed what our politicians are doing in the UN and support for this genocide

[@jessy1982]

Get out of the two party system next year. That's the best thing the US can do for both itself and the world.

[@502opz346]

Hey u are not American, that's for sure...

[@khadijah5488]

​@@502opz346but i am sure that yiu are Indian

[@sps6]

Where are the hostages hamas??

[@502opz346]

@@khadijah5488 Wrong shot, im so much more western than u are.... At least im from Europe ! What a blow, huh?

[@antonjunior9189]

Expecting the answer of "Who made millions from the attack on Israel?" in the video. No answer found.

[@abigailfoster2467]

I know one thing, Putin was very happy to have people’s attention diverted away from Ukraine.

[@thebeautifulanimal]

So do USA and Israel

[@skp8748]

No one cares about Ukraine

[@thedownunderverse]

@@thebeautifulanimal🙄

[@lolasdm6959]

Putins got nothing in this, you think he likes Brown people over Israel? You believe this yourself?

[@khadijah5488]

What bulshit the izraêl has been doing this for 75 + years so shut up

[@SkellyGamingCreates]

This fund did have a volume spike on 2nd October = 230K shares traded however ended up being a green day (not red) BUT if you take a look at the chart, volume spikes are NOT unusual for this ETF at all. Other recent volume spikes are 22nd Aug = 341K volume, 25th July = 333K volume, 5th July = 340K volume and 13th June = 465K. Look over the history of this ETF going back years and volume spikes are completely normal for this ticker. Lastly just reading technicals, going short this ETF in late September early October would have been a high probability short trade if it broke the range from 18th August, which it did. I call complete coincidence and much ado about nothing. Any other traders care to take a look at this symbol and comment?

[@Sa_m-sam]

“Complete coincidence” 😂😂😂

[@alinoorani5311]

Where can I watch the chart brother, I don't have much knowledge

[@SkellyGamingCreates]

@@alinoorani5311 Tradingview charts with symbol EIS

[@JFDA5458]

Those other spikes over the summer may have coincided with Netanyahu's court reforms which were extremely controversial.

[@fc1759]

Were they all betting against Israeli assets though? Spikes in trading volumes are to be expected due to world events yes but betting large amounts by few specific individuals against a particular nation’s assets just before an unprecedented attack on that nation? We already know that certain people had prior knowledge of the attacks and suspected them to happen, combined with that with these trades and it’s very suspicious.

[@davianoinglesias5030]

I didn't know about the attack but I have a tendency of leaving Buy Stops and Sell Stops over the weekend. I made a tidy amount from the rising oil prices then made even more when things cooled down and oil prices tumbled.

[@Anti_Izlamizt]

It could be Israel itself since they knew this was coming over a year ago.

[@prezkrk]

Bingo

[@A.Warner]

Mossad.. probably! They spy on you even when you are in the toilet.

[@rosymylene1878]

On October 2, the percentage of short selling trades shot up by 10,000%. In the Israeli Stock Exchange. Do your due diligence, The Economist. It was Israeli investors and the Jewish NY Investors who knew beforehand of the October 7 events.

[@Reptiloid5g]

Main evidence: believe me bro.

[@onezerooneo]

Of course the Israelis knew. The right wing ultranationalist government are happy to sacrifice a few of their own in order to justify a massacre of innocent civilians in Gaza. They were warned by Egypt anyway before the attack.

[@arsenal_84]

Cool story. Sounds more like money laundering to me. Terrorism funding could also work the same way.

[@ilovecamels4889]

Exactly right!

[@Reptiloid5g]

@ilovecamels4889 Don't judge others based on yourself. Every normal person would prefer to become a national hero for decades, instead "win" millions using inside information that could prevent big war.

[@savagepro9060]

Arms manufacturers and arms dealers

[@___alessandro.337]

US military-industrial complex*

[@zlonewolf]

​@@___alessandro.337Iran and China buys alot of oil from Russia. Russia buys weapons from China, Iran and North Korea. OPEC buys alot of arms from Russia. Ukraine has become test bed for Russian tanks that become flying turrets and Russian boats that become underwater submarines. 😂😂😂

[@ai.simplified..]

Did anybody find out what this clip was about or they named someone and we missed it?

[@danyboy1fr]

OTC markets are much bigger exchange-traded markets and they are not traceable the way the latter are.

[@Locustandhoney]

Are you serious? Tell that to the IRS, Homeland Security, FTC and Federal Reserve. Not to mention the US Navy. It’s digital man.

[@skymedia3681]

Gaza in Palestine is under attack, there is typo in your title!

[@shaffanshahwer]

How about someone in U.S Congress did this?

[@michelandresbeck934]

You can tell you guys have never worked at a hedge fund or at Wallstreet. Shorting is part of a wider strategy to hedge your position. The more you buy the more you hedge to ensure quality and balance within your portfolio. As long as these shorts are not running in the billions it’s nothing out of ordinary and just part of a healthy and balanced stock market. To suggest that this is sort of a full fledged conspiracy theory is ridiculous and lacks any proof.

[@theReformer2210]

The question is: Who made money out of the invasion of Gaza post October 7?

[@Expatnema]

The disinformation that western media do to cover up their baby izreel😂 its unfathomable. Real proof that we will have a Judgment Day where the less privileged will finally have a say.

[@edenalmakias817]

That should be the real point of the video but the economist wouldn't talk about money and war

[@KristopherNoronha]

what's the legal definition of insider trading in this scenario? it's quite easy to define who's an insider for a single stock ticker, but when it comes to a country based etf?

[@Ashleycorrie8494]

In today's changing economic scene, it's wise to diversify your investments. Consider a mix of traditional assets like savings accounts, stocks, and bonds, along with dynamic options like cryptocurrencies. This strategy helps guard against inflation and economic uncertainty. Staying informed and blending traditional and innovative investments is key for financial resilience. Samuel Peter Descovich played a vital role in making my portfolio a success.

[@Jimpard]

Your insights on diversifying the investment portfolio are on point. Combining traditional assets with dynamic options like cryptocurrencies makes strategic sense in today's economic landscape.

[@Seanmirrer]

Thank you for sharing, Your coach was simple to discover online. I unwillingly copied and pasted his complete name into my browser, and now his page is at the top! And I wrote to him. He appears knowledgeable based on his online resume,incredibly great and helpful, far above expectations

[@AnnaKrueger809]

In navigating the economic landscape, a diversified portfolio blending traditional and dynamic assets proves to be a strategic choice. The successful portfolio managed under the guidance of Samuel Peter Descovich exemplifies the impact of well-informed decisions, underscoring the significance of expert advice in today's financial landscape.

[@Bradleyschaeffer376]

Exactly! Which is why I appreciate giving a financial advisor the power of decision-making. Giving their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risks for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it's practically impossible for them to underperform. I have made over $1million working with Samuel Peter Descovich, for more than five years.

[@toukka4]

😂😂 thank you sherlock

[@mariemac5347]

It certainly seems that way! Thank you for sharing this information and making us aware!

[@davidfromamerica1871]

This happened with our 9-11 attack. Wall Street Short Sellers. Airlines short sellers in particular. The FBI did an investigation all these short sellers after 9-11.

[@Xe_Xe]

never trust a J.

[@ulietatari-sk8hl]

O Allah, help and protect the people of Palestine. O Allah, ease their pain and suffering. O Allah, bestower of Mercy, bestow your mercy on them. O Allah, open people’s hearts to give in this time of crisis. O Allah, help those who are in need, wherever they may be.

[@byme846]

Is allah really exist?

[@jsbsjbsndbbxnx6617]

@@byme846 yes Spend an hour of your precious time on YT on why he does and you’ll find out.

[@ulietatari-sk8hl]

Allah's Messenger (ﷺ) said, "Satan comes to one of you and says, 'Who created so-and-so? 'till he says, 'Who has created your Lord?' So, when he inspires such a question, one should seek refuge with Allah and give up such thoughts."

[@A.Warner]

@@byme846yes brother.. Jews knows him as well and Christians know one of his prophet very well.

[@fospersonalis]

Question: Who made millions of dollars from the attack on Israel? Evidences: 1. The chart shows a significant rise in bets against Israeli stocks on the New York Stock Market a few days before the attack on October 7th. 2. Unusually large trades in a fund of Israeli shares on the New York Stock Exchange occurred on October 2nd, involving around 227,000 shares mainly from just two trades. 3. The timing of the trades suggests possible knowledge of the forthcoming attack. Conclusion: It is proposed that someone may have been betting on a decline in the value of Israeli stocks and could have made millions of dollars through just two trades. The possibility of someone in Hamas being behind these trades is considered, but due to the relatively small sum in comparison to the financial empire of Hamas (which brings in over a billion dollars a year), it is deemed unlikely. Other potential explanations include innocent motives or leaked information, with the acknowledgement that explaining every move in financial markets is challenging. The conclusion suggests that it is at least plausible that whoever made the trades had some knowledge of the upcoming events.

[@ernarc23]

There was insider trading on American Airlines, as well, just before 9/11. Old story. Whoever made these trades either 'disappear' or fail to show up to claim their winnings, because they're afraid of being identified.

[@markfromnj]

If done on an exchange, it has to be traceable. Pls find out

[@satyabratachatterjee1938]

Was the venue of the concert changed ?

[@A.Warner]

Yes and extended for one day as well

[@humayungul2120]

Isn’t that that intelligence about attack was ignored by Israeli government . Maybe, someone didn’t ignore it, since the earlier attack timing was also known. This aggression is not only to test more weapons to sell but to use any allied opportunity to make money.

[@Reptiloid5g]

That may be what you would do if you knew about an attack before. Let's see... what a simple person like me would do. Maybe going to the highest level of security and informing them with evidence I have or went to border military bases, and then become a great hero of the nation for decades.

[@lolasdm6959]

They found oil under Gaza

[@adeirmasopiahbunga6126]

blackrock company indeed

[@FreedomLovingCanadianEH]

It was never about the hostages, it was always about land grab.

[@drewbuckley2483]

It's not hard to track who the broker was for those trades and go from there.

[@omarperezrodriguez1827]

Markets have faster communication than any agency

[@vb4567]

Why can't you find out who bought the shorts?

[@abbiejoyguabna5320]

You had me there

[@komatozalonawsky]

maybe the reason behind the attack taking place right after the first trading day of the new quarter was because they wanted to use this exact excuse, that it may have been just a lucky individual and that it was a pure coincidence

[@mohamedismail8416]

What is the price of 1 life??

[@TheEd0206]

Well, it might be someone who got wind of Egyptian intelligence briefings.

[@somisworldviews]

Isn't it the job of news organizations & journalists to find out who's behind this trade? 😅

[@icraftcrafts8685]

answer to the title question: definitely not starbucks lol

[@esgardohernandez5841]

Not Starbucks thats for sure!

[@nipunkothare]

Had heard of blood diamonds, the first time I heard of blood stocks

[@heisenbergkierkegaard3982]

The primary issue is not whether Egypt warned Israel before Oct 7. HAMAS SHOULDN'T ATTACK IN THE FIRST PLACE.

[@earlpayne9857]

Hence why stock exchanges are a joke there could be much more productive ways to help society and people versus gambling inside trading and clowns

[@Aubury]

War is the most profitable business on earth.” - Kenneth Eade

[@gcgfchjkjlklkcxfxdzs]

It is Israeli gov, for sure! Israeli gov insider! Perhaps, Netanyahu!

[@jont2576]

A million?wow...... That is almost a peanut in the world of finance.

[@sps6]

Making money on someone's sorrow will not stick around long

[@josephriley3244]

The only officials to check put options (Stratesec Inc) before September Eleventh 2001 was U.S. Congress. Congress went cold for the families of victims during that attack on U.S. soil

[@seanburton5298]

I, too, find this suspicious 🤔

[@rida3922]

From false subject to inadequate response…

[@PVL14]

Coincidences take a lot of planning…

[@peterlarsen1000]

The mind boggles. Rosa Larsen

[@rahulsoren]

It's always the money 💰

[@user-yp9fb1jb6m]

Always follow the money.

[@Abz_3]

Same happened before 9/11. It could also be someone from the Isreali side

[@tomergem]

Aaaaaand there is the conspiracy theorist. What’s next? Bush planned 9/11?

[@WheelerRickTHETIEGUY]

The media and social media.

[@Kozad9]

Who control the company that supplying weapon to military? S&p500

[@earllsimmins9373]

Maybe . Nutinyahoo that's why he pulled back defenses after being warned of an imminent attack.

[@erdem--]

I just bought gold while clown traders pushing gold down to 1800 USD. a week later, 2k. Never gonna sell it, i know the real value of silver, Platinum and gold.

[@user-yp3us7xc3p]

OK genius

[@billpetrak]

From the war in Ukraine who made Billions?

[@ssa089]

I think the one who bought that stock is Connor McGregor..hahaha

[@kierand9410]

Great work on this.

[@advancetotabletop5328]

Tom Nash covered this earlier.

[@harshithaj9291]

Social media owners, tv industry

[@fayzullohdushanbe8558]

Weapons manufacturers of USA and Blackrock

[@sssutube1]

Hope The Economist makes such probing videos about financial thugs as well

[@___alessandro.337]

Response to video title: American arms indu$try :D

[@starviptv6544]

I don't think They was able to turn off Iron Dome. But something went wrong with Israeli Security.

[@barismok2271]

It's obviously the military lobby and industry

[@alexblue6991]

Follow the money

[@aeh77]

Stop the war in Gaza.... 🇵🇸

[@user-mz3eb9te6l]

Israel tried that. Hamas launched rockets on Israel and refused to bring the kidnapped as they promised as part of the deal.

[@ponzitizen]

What a waste of time for someone looking for answers... Just say they are part of the big club... Argument for cashless society is out the window when you cant reveal such electronic transactions of those who profit off civilian deaths...

[@riseupyourself...]

US Defense industry? 🤔

[@happykitten5695]

🙏🕊❤‍🔥 Peace and LOVE

[@mohairmohammad8095]

Before this video was played, there was a pro-israel ads, which is disgusting

[@Herodotus__]

The stake holders of MIT!

[@nizarsana]

Its also better to analyze the stocks of weapon manufacturers who supply arms to IDF and possibly also to hamas …

[@rolex3560]

Answer: The Industrial Congressional Military Complex

[@owenlong2501]

It all makes perfect sense, expressed in dollars and cents, pounds shillings and pence. Roger Waters

[@user-uj3wk8gb8h]

Plausible, possible & probable...the triple P. One has to be very very somber & hard-nosed when venturing into this realm.

[@scottdecarrillo3082]

If anyone can enlighten me as to how Hamas pulls in a billion a year (beyond my own thoughts), I would greatly appreciate it. Tks in advance.

[@paulattaboyatreides6414]

Donations and funding from proxy allies like Iran/Qatar. Also taxes.

[@scottdecarrillo3082]

Thanks, Paul....! And I thought our taxes were wasted!

[@gappsanon4869]

Also many millions of dollars comes from the West every year to help aid palestinians, but much of that never gets to the people, as the Hamas leaders take it for themselves

[@scottdecarrillo3082]

And thanks to you, Gapp. The Western nations seem to be cutting their own collective throats with this policy.

[@lktan224]

The military complexes made billions.

[@benedictmichael2720]

The economic data seems to suggest that October 7th was what is called black ops operation allowed by... we know who.

[@raydanielz9408]

A lot is behind this and it includes a lot of people in governments🇮🇱🇲🇵🇺🇸🇬🇧🇪🇺

[@cadabrardabac]

War is a racket as per General Butler

[@user-xv3rh9sd2z]

World is money everything is about money

[@waleedal-kahef3555]

I have a better question for you. who made billions from it? they are american weapon manufacturing companies.

[@bloodlove93]

nobody told me....not like i own stock.

[@sommmeguy]

Wasn't October 7 the anniversary of another event in Palestine?

[@aldimahmuda]

Ask Netanyahu he knows 😊