Looks like the Dems will have a central issue for the voters in 2028. Unfortunately corruption on this scale is hard to focus because the general public is still mystified ( cryptic) about the real market impact of the crypto ( lots of coins) get rich hype.
As long as Main Street thinks that "crypto" means some foreign billionaires ripping each other off at some fancy golf club, few will be alarmed. Economists need to keep explaining how these schemes will destabilize the public economy and grow the underground criminal market.
What to say about this? I am imagining Trump, the Movie. It begins with a sad, angry little rich kid in Queens, trailing his father on his rounds to lie, cheat, swindle and persecute various people in the community, follows him as he grows into a dunce at school and bully on the playground, through his banishment to a military school for incorrigibles, into Wharton where he was admitted on false, paid-for-by-Dad, premises, and continues roughly through his early days in Manhattan, where under the tutelage of Roy Cohn he became a full-fledged sleaze and slick willy in real estate, through six bankruptcies he initiated to avoid paying his creditors and eventually into the embrace of those in the billionaire class who wanted a perfect stooge to run for office, down the golden escalator and into the White House where he proceeded to cash in on the presidency by bilking the entire nation, and eventually, in his second term, the world. Kind of like a panoramic look at what Al Capone would look like at the dawn of the AI age. And if anyone thinks Capone was a murderer and Trump is not, just take a good hard look at the deaths Trump has been and will be responsible for in any number of places and ways, worldwide. Cue to: "Gosh, honey, let's take the kids to see this at the AMC!"
Great investigation and analysis, as ever, thank you.
What puzzles/doesn't puzzle me about the craving for such massive additional wealth is the purpose to which Trump the Elder thinks that he will live long enough to put it. This factors into his delusional thinking that on some level he is an immortal, god-like, and omnipotent figure. Fascinating from a clinical perspective but chillingly riveting from the viewpoint of a denizen of the world over which he wields such a whack! In many respects Trump does epitomize the end point of the American dream: America Ad Absurdem.
I know 'zilch' about crypto - but my gut is - the lower your standards on monetary safeguards, the farther you fall (down). I suspect a crash will occur since this is about 'smoke & mirrors'. Kind of like a 'fad' if you will. Dangerous for those buy into quick rich hoopla lingo.
Crypto cant be blamed on Trump but it can be blamed on the mortgaging of our grandchildren and their children in order to fund the current global socialist order.
People dont have faith in a system that rewards so many that have nothing but idle hands.
People will have faith in those who endeavor to return us to the classic western values that have afforded our modernity - i.e. work hard during the work week and party harder on the weekend.
Somewhere along the way, we have lost the first part of the formula to success.
I was first offered bitcoin back in 2016. I thought it was a Ponzi scheme back then and despite the increase in current value, I still do. As an aside I have no stake in bitcoins and no regrets.
Trump’s whole life has been about corruption and schemes to make himself richer, so I do not know why everybody is so surprised now. Being President just gives him more options to create wealth for himself and as a side benefit, his family. Why anybody would think that being President would act a restraint on Trump’s more vulgar tendencies is beyond comprehension.
The establishment of the $TRUMP/$MELANIA meme coins, World Liberty Financial ($WLFI stable coin), the affiliation with criminals associated with crypto currencies, the acceptance of the Jumbo jet from Qatar, the potential (graft) for sites (golf clubs and hotels) around the world (ie Saudi Arabia, UAE, Vietnam), deregulation of the crypto industry, proposed takeover of Gaza to establish the “Riviera” of the Middle East, TACO and Trump’s incoherent ramblings on the world stage are all signs that Trump has no consideration for anyone but himself.
Yes welcome to a world of Kleptocracy never mind Crypocracy. This would be unnoticed or acceptable to most, if Trump wasn't President; while widely benefitting from his Public Status.
And why Mark Carney will get away with similar personal grandiose asset building, while Prime Minister of Canada. Just as he did while Governor of the Bank of England, as what is done within the European Union. Its one big social clique, Trump's family and Carney are very well acquainted (yet few say it out loud).
Become a third world corrupt country run by gangsters for gangsters. Now 3 judges have ruled Trump has no authority to impose tariffs. So what is GOP doing. Zilch
You got it right!! In simple terms the Trump family has already BANKED over $2.5 BILLION USD in “distributing” their “fraud” coins (I know, a BILLION isn’t what it used to be). The overriding functionality of Crypto is nothing more than its use as a vehicle enabling criminality by the immediate anonymous transfer of funds. Is it shocking that the President is associated with something closely linked to criminality?? To have the President of the USA doing anything that might even slightly undermine the supremacy of the US dollar should be detested by each and every citizen of the U.S. and much of what used to be the civilized world.
I was surprised that Trump failed to have a laurel wreath gracing his profile on the Bitcoin. He seems to think of himself as imperial in his power and ambitions and is working hard to surround himself with the trappings. He needs a staffer (the Romans used a slave) to accompany him on his ceremonial visits while whispering "Respice post te! Hominem te memento!" (Look behind you. Remember you are a man.)
Since Trump attended a Jesuit University for two years, I assume he knows some Latin :-).
Looks like the Dems will have a central issue for the voters in 2028. Unfortunately corruption on this scale is hard to focus because the general public is still mystified ( cryptic) about the real market impact of the crypto ( lots of coins) get rich hype.
As long as Main Street thinks that "crypto" means some foreign billionaires ripping each other off at some fancy golf club, few will be alarmed. Economists need to keep explaining how these schemes will destabilize the public economy and grow the underground criminal market.
Keep on exposing the rot at the top.
Thanks for saying it out loud. I am among the mystified. To me, Crypto's like thin air coalescing into a semi-solid.
What to say about this? I am imagining Trump, the Movie. It begins with a sad, angry little rich kid in Queens, trailing his father on his rounds to lie, cheat, swindle and persecute various people in the community, follows him as he grows into a dunce at school and bully on the playground, through his banishment to a military school for incorrigibles, into Wharton where he was admitted on false, paid-for-by-Dad, premises, and continues roughly through his early days in Manhattan, where under the tutelage of Roy Cohn he became a full-fledged sleaze and slick willy in real estate, through six bankruptcies he initiated to avoid paying his creditors and eventually into the embrace of those in the billionaire class who wanted a perfect stooge to run for office, down the golden escalator and into the White House where he proceeded to cash in on the presidency by bilking the entire nation, and eventually, in his second term, the world. Kind of like a panoramic look at what Al Capone would look like at the dawn of the AI age. And if anyone thinks Capone was a murderer and Trump is not, just take a good hard look at the deaths Trump has been and will be responsible for in any number of places and ways, worldwide. Cue to: "Gosh, honey, let's take the kids to see this at the AMC!"
Great investigation and analysis, as ever, thank you.
What puzzles/doesn't puzzle me about the craving for such massive additional wealth is the purpose to which Trump the Elder thinks that he will live long enough to put it. This factors into his delusional thinking that on some level he is an immortal, god-like, and omnipotent figure. Fascinating from a clinical perspective but chillingly riveting from the viewpoint of a denizen of the world over which he wields such a whack! In many respects Trump does epitomize the end point of the American dream: America Ad Absurdem.
I know 'zilch' about crypto - but my gut is - the lower your standards on monetary safeguards, the farther you fall (down). I suspect a crash will occur since this is about 'smoke & mirrors'. Kind of like a 'fad' if you will. Dangerous for those buy into quick rich hoopla lingo.
Crypto cant be blamed on Trump but it can be blamed on the mortgaging of our grandchildren and their children in order to fund the current global socialist order.
People dont have faith in a system that rewards so many that have nothing but idle hands.
People will have faith in those who endeavor to return us to the classic western values that have afforded our modernity - i.e. work hard during the work week and party harder on the weekend.
Somewhere along the way, we have lost the first part of the formula to success.
Excellent, as always thank you.
I was first offered bitcoin back in 2016. I thought it was a Ponzi scheme back then and despite the increase in current value, I still do. As an aside I have no stake in bitcoins and no regrets.
Trump’s whole life has been about corruption and schemes to make himself richer, so I do not know why everybody is so surprised now. Being President just gives him more options to create wealth for himself and as a side benefit, his family. Why anybody would think that being President would act a restraint on Trump’s more vulgar tendencies is beyond comprehension.
The establishment of the $TRUMP/$MELANIA meme coins, World Liberty Financial ($WLFI stable coin), the affiliation with criminals associated with crypto currencies, the acceptance of the Jumbo jet from Qatar, the potential (graft) for sites (golf clubs and hotels) around the world (ie Saudi Arabia, UAE, Vietnam), deregulation of the crypto industry, proposed takeover of Gaza to establish the “Riviera” of the Middle East, TACO and Trump’s incoherent ramblings on the world stage are all signs that Trump has no consideration for anyone but himself.
Yes welcome to a world of Kleptocracy never mind Crypocracy. This would be unnoticed or acceptable to most, if Trump wasn't President; while widely benefitting from his Public Status.
And why Mark Carney will get away with similar personal grandiose asset building, while Prime Minister of Canada. Just as he did while Governor of the Bank of England, as what is done within the European Union. Its one big social clique, Trump's family and Carney are very well acquainted (yet few say it out loud).
Become a third world corrupt country run by gangsters for gangsters. Now 3 judges have ruled Trump has no authority to impose tariffs. So what is GOP doing. Zilch
You got it right!! In simple terms the Trump family has already BANKED over $2.5 BILLION USD in “distributing” their “fraud” coins (I know, a BILLION isn’t what it used to be). The overriding functionality of Crypto is nothing more than its use as a vehicle enabling criminality by the immediate anonymous transfer of funds. Is it shocking that the President is associated with something closely linked to criminality?? To have the President of the USA doing anything that might even slightly undermine the supremacy of the US dollar should be detested by each and every citizen of the U.S. and much of what used to be the civilized world.
I was surprised that Trump failed to have a laurel wreath gracing his profile on the Bitcoin. He seems to think of himself as imperial in his power and ambitions and is working hard to surround himself with the trappings. He needs a staffer (the Romans used a slave) to accompany him on his ceremonial visits while whispering "Respice post te! Hominem te memento!" (Look behind you. Remember you are a man.)
Since Trump attended a Jesuit University for two years, I assume he knows some Latin :-).