The Nightgaunt

May I present the best apple:

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2026/06/12/compelled-speech/#quishing

Long before "agentic AI," we had the idea that software would act as your agent on the internet. That's why the old-fashioned technical term for a browser is a "user agent." Your browser acts on your behalf to retrieve information and then show it to you, in the format you choose. It's your agent:

https://pluralistic.net/2024/05/07/treacherous-computing/#rewilding-the-internet

This is a powerful and profound idea. It is because browsers are our "agents" that we expect them to accept our directives, say, by blocking pop-ups, or by turning off autoplay sound, or by blocking commercial surveillance trackers:

https://privacybadger.org/

Your browser does all that because your browser works for you. The reason your browser can work for you is that the web is an open, standardized technology. In theory, anyone who follows the standards published by the World Wide Web Consortium (W3C) can make a browser, and that web browser can connect to any web server. Browsers and servers are interoperable. It's the same force that means you can put anyone's gas in your gas-tank, or anyone's shoelaces in your shoes, or anyone's milk on your cereal.

But what if manufacturers could dictate those choices to you? What if your light socket refused to use a lightbulb unless it was officially blessed by the socket's manufacturer? What if your dishwasher refused to wash your dishes unless you bought them from one of the manufacturer's "dish partners"? What if your toaster refused to toast "unauthorized bread"?

https://arstechnica.com/gaming/2020/01/unauthorized-bread-a-near-future-tale-of-refugees-and-sinister-iot-appliances/

It's hard to see how a company could win its market with this strategy. After all, if the dishes are really better than the competition's, you'd buy them voluntarily, without any need for law or technology to force the matter. The only reason to make a dishwasher that refuses a rival's dishes is if the manufacturer's own dishes are ugly, expensive, and/or badly made.

But once a company owns the market – once they've achieved dominance by buying out their rivals; by bribing potential competitors to stay out of their lane; and by engaging in deceptive conduct to trap key suppliers and customers – they could cement their dominance by blocking interoperability, keeping out rival dishes, milk, gas, lightbulbs, shoelaces and bread, capturing their whole market and squeezing it.

That's what Google has done, and that's what Google wants to do more of. Google's commercial behavior has been so unethical, deceptive and abusive that the company just lost three federal antitrust cases:

https://www.bigtechontrial.com/p/google-loses-the-adtech-monopolization

This thrice-convicted monopolist bribed Apple – more than $20b/year – to stay out of the search market:

https://www.eff.org/deeplinks/2025/02/how-do-you-solve-problem-google-search-courts-must-enable-competition-while

They cheated app vendors, ripping them off with sky-high junk fees and onerous conditions that raised prices while lowering the share of your spending that went to the companies whose products you were paying for:

https://www.thebignewsletter.com/p/boom-google-loses-antitrust-case

They cheated advertisers, rigging the ad market to gouge businesses on ad prices and underinvesting to fight rampant ad-fraud, sucking hundreds of billions out of the productive economy for overpriced ads that no one saw:

https://www.justice.gov/opa/pr/department-justice-prevails-landmark-antitrust-case-against-google

Google wasn't always this way. The "don't be evil" company owes its very existence to the open web ecosystem. When the company started to index the web in 1998, it was playing on an open field, where any web server could talk to any "user agent," even one whose user was a startup like Google, that was making a copy of every page on the server.

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.

We created a system where people are afraid of prosecuting politicians because "it would look bad". And that has led us to an era where the most corrupt politicians have risen to the top via corruption/bribery/fraud.

Trump should have gone to prison for Jan 6th.

As in, do any of your memories take place during the 90s (yes, a single memory from 1999 counts).

back then i made a bunch of these but by now i lost the pic and dont know how to find the original post anymore

so anyway here is the diagram for anyone else who is interested!!

this requires pretty big carboard pieces, if you have a really big box or something you can make it from one piece, but if you don't, you can also just make each of the pieces individually and then tape them together

and then in the end you put it together like this!!

and then when you make a bunch you can put them all next to each other and stack your books like crazy