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TRUMP'S GRIFT
I wrote this up for some MAGA guys and I believe it tells a shocking story in just five graphs. I don't want it to go to waste.
Trump has some more complicated grift but you don't need to work too hard to see obvious problems with the memecoins. Trump has possibly doubled his (plus his family and cronies) wealth in less than a year with these pump & dump/rug-pull schemes. They have a fun effect of doubling as thinly veiled vehicles to bribe a president. And Trump openly sold access to POTUS to the highest bidders of the $TRUMP coin. The highest bidder was a shady Chinese guy. He has also written EOs and scuttled oversight that makes it easier to run such schemes.
$TRUMP
$MELANIA
FIGHT FIGHT FIGHT
Trump Media Corp. doesn't look any better. (look at Max). A company with about $4 million in annual revenue and hundreds of millions in losses and has a market cap of over $3 billion. That should make you wonder.
DJT
Trump's not new to this kind of grift. He was famously very close to losing everything in the '90s when he offered Trump Resorts for IPO. It was already, basically, bankrupt but he covered that up and sold it to investors. It went bankrupt soon after the IPO. Without that grift, you may never have heard from him again.
That rounds out all of Trump's publicly traded offerings. Every one a failure - for most investors, anyway. Trump, of course, made millions and billions.
