On Tuesday, President Donald Trump released his 927-page financial disclosure. The filing, which reveals the sources of his income, shows that Trump made at least $2.2 billion in his first year in office.
I'm sorry, I am incapable of sympathy or empathy or anything but schadenfreude for anyone STUPID or GULLIBLE enough to invest in anything Trump is selling. He is and always has been a con man who knows that there is, in fact, a sucker born every minute.
Thank you for accurately covering this as the pump and dump scam that all these memecoins are.
My head erupted in flames when NYTimes reported this as "Crypto Brought Trump a Huge Windfall, Even as Many Investors Lost Big" - like there isn't a direct connection between the two that is THE story.
Trump has been reaping the benefits and leaving others holding the bag long before getting into public office. This scheme is simply an extension of who he is at his core.
Theses are low information people who operate on trust and loyalty. They had confidence in Trump (which, of course, Trump being a confidence man -- a "con man" has spent his entire life inspiring in other people). They are low information people who wouldn't have done any research because they liked Trump too much to want to know the truth.
So, no, they ignored who it was they were buying from. They didn't want to know. Trump met too many of their psychological needs for them to look "behind the curtain" and discover it was all flim flam.
These are also the kind of people who have been taught never to look in the mirror for the source of their own troubles. When their lives get totally screwed up, they don't try to figure out how they went wrong, and learn lessons so that they can be wiser in the future and avoid such problems, they search for a scapegoat - someone to blame for their problems, and someone to save them from the mess their lives have become. They thought they had found a "savior" in Trump so they never looked any deeper. He has, of course, turned out to be their destroyer.
Disgusting as it is, Trump’s enriching himself by using a crypto scheme to “cover” the bribes that his supporters have given him……..follow the money……..this crime is small in relation to his treasons and international crimes he has committed.
Understanding why he is so focused on fleecing people to enlarge his bank account, when it is obvious that he is not going to live to enjoy it is beside the point. His every action is a massive middle finger to a Country that has rejected him, made fun of him, and
enjoyed his humiliations.
Trump is the reason that new laws should be enacted that require any presidential candidate to undergo psychological testing to insure at least a modicum of intelligence and integrity.
When banks had a bad reputation the popularity of past criminals like the Jesse James gang, of the middle 19th century, or the Dillinger gang, of the depression era, was high among too many citizens . The phrase "the enemy of my enemy is my friend" was applicable. The trump supporters have applied the phrase with the democrats being the enemy and as long as trump hates democrats they will adore him and he uses that admiration to rob them.
It’s a never ending source of amazement and amusement as to what many people consider to be “investing”. Meme coins are simply collectibles - no different from Beanie Babies. You are simply hoping to sell to someone who values them more than you. The same applies to many stocks. Unless the company is making $ AND giving you some of those earnings as dividends, you are just speculating that someone sometime in the future will value those shares more than you.
This seems criminal on its face, but I'm not a lawyer. Would presidential immunity apply if it is? It's unseemly at best, using the status and visibility of the presidency for personal gain while family and friends gain from presidential decisions in their financial business. Reporter's research reveals its scale, but the operation is plain to see. He sells it, brags about it, and profits from it. He has turned the White House, no the entire executive branch, into an arm of $rump Inc. He isn't doing this alone. He is the kingpin, but his organization is behind the how-tos and daily operation. It is rather brilliant. For now, he is getting away with it. Have his experts found a way to exploit the system without censure, accountability, and punishment?
One memecoin made Trump $635 million. 58 wallets pulled out more than a billion dollars. 764000 wallets lost money. A tiny circle at the top won. Everyone else held the bag. https://www.youtube.com/watch?v=uff7qmNnqco
Only 10% (at best) of the 🤡 voters will ever hear this news…. These are the same people that show up every Sunday at the mega churches and dump hard earned cash into the collection plate of the religious scammers. They just can’t help themselves and are easy targets/suckers.
I'm sorry, I am incapable of sympathy or empathy or anything but schadenfreude for anyone STUPID or GULLIBLE enough to invest in anything Trump is selling. He is and always has been a con man who knows that there is, in fact, a sucker born every minute.
If this doesn't convince Trump supporters that Trump's a con who doesn't care. nothing will.
It should
But it won't
Thank you for accurately covering this as the pump and dump scam that all these memecoins are.
My head erupted in flames when NYTimes reported this as "Crypto Brought Trump a Huge Windfall, Even as Many Investors Lost Big" - like there isn't a direct connection between the two that is THE story.
Trump has been reaping the benefits and leaving others holding the bag long before getting into public office. This scheme is simply an extension of who he is at his core.
Did these people not know who they were buying from? A simple search of his financial mismanagement and outright fraudulent dealings are legendary.
Theses are low information people who operate on trust and loyalty. They had confidence in Trump (which, of course, Trump being a confidence man -- a "con man" has spent his entire life inspiring in other people). They are low information people who wouldn't have done any research because they liked Trump too much to want to know the truth.
So, no, they ignored who it was they were buying from. They didn't want to know. Trump met too many of their psychological needs for them to look "behind the curtain" and discover it was all flim flam.
These are also the kind of people who have been taught never to look in the mirror for the source of their own troubles. When their lives get totally screwed up, they don't try to figure out how they went wrong, and learn lessons so that they can be wiser in the future and avoid such problems, they search for a scapegoat - someone to blame for their problems, and someone to save them from the mess their lives have become. They thought they had found a "savior" in Trump so they never looked any deeper. He has, of course, turned out to be their destroyer.
Promoting the coin as president is using his position to enrich himself and is impeachable.
Disgusting as it is, Trump’s enriching himself by using a crypto scheme to “cover” the bribes that his supporters have given him……..follow the money……..this crime is small in relation to his treasons and international crimes he has committed.
Understanding why he is so focused on fleecing people to enlarge his bank account, when it is obvious that he is not going to live to enjoy it is beside the point. His every action is a massive middle finger to a Country that has rejected him, made fun of him, and
enjoyed his humiliations.
Trump is the reason that new laws should be enacted that require any presidential candidate to undergo psychological testing to insure at least a modicum of intelligence and integrity.
Not a bad idea for SCOTUS candidates as well.
I can only hope the fall elections give Democrats and independents the means to hold him accountable (it would be the first time in his life).
When banks had a bad reputation the popularity of past criminals like the Jesse James gang, of the middle 19th century, or the Dillinger gang, of the depression era, was high among too many citizens . The phrase "the enemy of my enemy is my friend" was applicable. The trump supporters have applied the phrase with the democrats being the enemy and as long as trump hates democrats they will adore him and he uses that admiration to rob them.
It’s a never ending source of amazement and amusement as to what many people consider to be “investing”. Meme coins are simply collectibles - no different from Beanie Babies. You are simply hoping to sell to someone who values them more than you. The same applies to many stocks. Unless the company is making $ AND giving you some of those earnings as dividends, you are just speculating that someone sometime in the future will value those shares more than you.
That statement should be required reading in middle school for all students, along with: "If you can't afford to lose it, don't invest it."
Pogs
YIKES. We sort of knew this - thanks for rounding up this info.
This seems criminal on its face, but I'm not a lawyer. Would presidential immunity apply if it is? It's unseemly at best, using the status and visibility of the presidency for personal gain while family and friends gain from presidential decisions in their financial business. Reporter's research reveals its scale, but the operation is plain to see. He sells it, brags about it, and profits from it. He has turned the White House, no the entire executive branch, into an arm of $rump Inc. He isn't doing this alone. He is the kingpin, but his organization is behind the how-tos and daily operation. It is rather brilliant. For now, he is getting away with it. Have his experts found a way to exploit the system without censure, accountability, and punishment?
Check out this handy Trump family grift tracker:
https://oversightdemocrats.house.gov/trump-family-corruption-tracker
The $Trump echoes a number of classic memes…like a “a fool & his money” and the above “a sucker born every minute”. The tokens are pure fool’s gold.
Trump & Co corruption & criminality on an epic scale: In 12 Months Trump Made $1.4 Billion. https://mitchthelawyer.substack.com/p/in-12-months-your-president-made?r=aexlz&utm_campaign=post-expanded-share&utm_medium=web
One memecoin made Trump $635 million. 58 wallets pulled out more than a billion dollars. 764000 wallets lost money. A tiny circle at the top won. Everyone else held the bag. https://www.youtube.com/watch?v=uff7qmNnqco
= ponzi scheme
#ETTD
Only 10% (at best) of the 🤡 voters will ever hear this news…. These are the same people that show up every Sunday at the mega churches and dump hard earned cash into the collection plate of the religious scammers. They just can’t help themselves and are easy targets/suckers.
Mr. Pwesident:
My loneliness is killin' me (And I)
I must confess, I still believe (Still believe)
When I'm not with you, I lose my mind
Give me a sign
Hit me, baby, one more time