I wonder how the ethics here work. If I enter the pump phase, leave before the dump, I’m effectively stealing money from the MAGA cult. Is that a good deed?
But if you lose money you’ve effectively funded the maga cult!
Looking at Truth Social, there’s not even much of a pump phase before the whole thing self dumps.
https://www.tipranks.com/stocks/djt looks a bit pumpy
GriftCoin
It seems they’re missing out on a memorable marketing campaign: Deploracoin! 100 Deploracoins = 1 Deplorabill.
It is a significant departure from Trump’s previous stance on cryptocurrencies during his stint in the White House when he called bitcoin a scam.
Is it a departure? Trump running a scam seems perfectly in line with his previous stance.
People are presuming he used the word “scam” as most people do - with negative connotations - when, Trump being Trump it’s likely that the only negative thing he sees in a “scam” is him not making money from it.
He got paid by crypto bros, now he is pro crypto.
He was anti-EV until Elon paid him to care.
If he gets elected Putin will pay him to pull US support from Ukraine.
That’s how he works
ikr as if scamming isn’t his favorite pastime
Now this is just comedy-level grifting. This can’t be real life, this has got to be a simulator to find the stupid ones
After Trump’s NFT and silly sneakers, this just seems par for the course.
Goddamn it would be so fucking easy to scam maga shitheads if I didn’t have morals
Hell, I think my biggest problem is I can’t think of anything dumb enough before they’ve already got it
I used to think I was a pessimist. But now after multiple “There’s no way people are that dumb” and being wrong I must be an absolute optimist.
Right? I’d just sell them N-Word Passes and claim “Naw bro, Trump signed them and everything, these are real.”
New grift same grifter
That’ll do as well as a coin called truthsocial.
I can use my degree from Trump University and make a boatload of money
“I think there has been a lot of inequality in that only certain people can get financing […] so this notion of decentralized finance is obviously very appealing to guys like me who have been debanked,” Donald Trump Jr. said in the interview on Locals.
Ha. “I’m toxic to banks so we are going to try and grift our idiot followers” is fun.
So is he trying to say that he wants to build a crowd source lending institution that uses crypto? Or is this a Mt. Gox situation where they get people to buy their fake coins (a really good look for a son of a former President) and then are “hacked” and think nobody will be able to trace the coins back to them? And you know the whole reason they want to go crypto is so they can do money laundering/bribes and be “untraceable”.
“… guys like me who have been debanked,” Donald Trump Jr. said
I had to look up “debanked”. Admitting to it has to be the financial equivalent of telling people you are a registered sex offender.
No no no, he didn’t say “debanked” he said “Deutsch Banked.” As in, “I’m such a liability that the only financial institution that will work with me is shady Russian money laundering Deutsch Bank.”
What he means is he’s trying to funnel his wealth into assets that aren’t regulated and may be difficult to seize.
You know, to hide his money from the victims that he owes hundreds of millions to for his criminal behavior.
The president should not have their own clothing line and currency.
What’s wrong with owning a clothing line as president? As long as they’re not using their office to impact their business in any meaningful way, I have no issues at all with it. So before taking the oath of President, you should be required to demonstrate that you have removed yourself from any obligations or loyalties you may have (so appoint someone to take care of your company(s) and whatnot).
As long as decisions made by the company have zero relationship to the actions of the President, I’m fine with it. And Congress and the Supreme Court should have some checks against that (i.e. Congress should be able to set rules for the President through legislation, and the Supreme Court should be able to review executive actions and force divestment if there’s evidence of bias).
I despise Trump, but let’s not be hasty.
A politician should not be allowed to own something they have the explicit power to artificially inflate the value of. For the president, that’s all businesses.
As for currency, again, the president has the ability to crash the value of the American currency and drive people to his currency in order to artificially inflate it. Sacrificing an entire global economy for personal gain should not be possible.
But not only is it possible, now with the recent Supreme Court ruling, he’d be immune to prosecution for doing it, so why wouldn’t he do it?
artificially inflate the value of
That’s where there should be a requirement to demonstrate that you have removed yourself from any conflicts of interest. Trump didn’t do that (at least not in a way that’s satisfactory to me), and I think there should be a change to the qualifications for President that includes some level of divestiture.
the president has the ability to crash the value of the American currency
But the President doesn’t really have the power to do that. The Federal Reserve does (and there’s a lot of legal barriers between the President and the Fed) and Congress does, but the President can’t directly crash the value of the dollar. Look at Trump’s campaign, he says he should have direct control over the Fed, not that he does. Making that change would be a big deal that would piss a lot of people off.
The Supreme Court immunity ruling is absolutely dangerous and Congress should fix that ASAP, but that doesn’t mean the President can go devalue the currency on their own. That’s just not how things work. The closest they can do is attempt to fire board members of the Federal Reserve and appoint new ones that would hopefully listen to them, and that would be challenged by the Supreme Court. According to the ruling, they’d be immune from making the attempt, but that doesn’t mean the attempt can just go through w/o review.
But Trump believes that all executive branch employees are directly reportable to him and he forced out and refused to replace many employees. Also, there is Schedule F. Trump didn’t have enough time to fully implement it the first time. This removed employees are n “confidential, policy-determining, policy-making or policy-advocating” positions from the General Schedule. Meaning they were political appointees going forward. Biden rescinded it immediately so it never got used, but it will be reimplemented.
With that, he has the power to implement almost anything without oversight. When he implements his tariffs for example, and other countries retaliate with their own, the value of American goods will plummet since they’ll be way more expensive. This will reduce trade and thus the value of the currency. And no amount of tweaks to interest rates will stop that.
Sure he can’t print money, but the reliability ratings of US debt are already declining due to the fights over the debt ceiling, and Trump supports that fight and doesn’t believe that the US should have to pay those debts because of the investments we’ve made. Simply blocking those payments could tank the currency. There are tons of ways if there’s no legal consequences and most employees are replaced with his loyalists.
Ok and the currency? That undermines the currency of the country he is serving. What if Biden came out with Biden Bucks you think he wouldn’t be attacked from every angle?
He’d be attacked, but not by me. Likewise for Harris or anyone else running for President. I’d call it stupid and probably scammy, but I wouldn’t suggest that it somehow undermines the US.
If Trump’s crypto platform or “Biden Bucks” or whatever takes off enough that it threatens the national currency, then perhaps we should be using it instead of the national currency. Competition is good, and we shouldn’t be using a currency just because the government wants control, we should be using it because it provides value. In the case of the dollar, that value is stability and ubiquity, and if Trump, Harris, or anyone else can do it better than the Federal Reserve, perhaps we should all be using that instead of the dollar. I highly doubt that’s the case, but it certainly doesn’t affect someone’s eligibility to run for President.
That said, they should divest themselves of any controlling interest in anything that could impact their role as President. That means handing off control to someone else, and ensuring that someone else doesn’t have any way to impact your decisions.
They could have some fucking dignity for one thing. Respect the office.
But what if the clothing line was selling custom versions of high quality labels like Hugo Boss?
Your shirt can be any color as long as it’s black. Something-something honor and loyalty.
What about black, red, and white? Maybe the black part is a catchy symbol? We can turn it a bit so it’s not copyright infringement.
Can just replace it with an S rune, it’s not copyrighted. With another rune, so it will be “US” and “undefeatable” shortened at the same time. In white circle, on red background.
What could go wrong…
Committing all the crimes now, one last hurrah
That guy has been milking every cow on the planet, you gotta appreciate the efforts. I’m just surprised there’s no NFT collection out there, that’d be befitting of a supreme con artist.
They’re just as ridiculous and overpriced as you’d think.
Wow those are terrible
Probably because he already did an nft collection apparently, according to the article.
