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Trump is cashing in - Bigly [1]
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Date: 2025-02-13
S.V. Date at Huffington Post has an important story, among all the other atrocities currently going down. Trump has legalized bribery, is firing watchdogs, and is openly running a crypto scam to enrich himself.
WASHINGTON — President Donald Trump has spent his first three weeks in office making corruption easier, for him and anyone else with any degree of power. In a single 24-hour period on Monday, Trump fired the head of the Office of Government Ethics, whose job it is to watch for conflicts of interest. He pardoned a former Illinois governor convicted of trying to sell a U.S. Senate seat. He is stopping the enforcement of an anti-bribery law. His Justice Department ordered prosecutors to drop charges against Eric Adams, who has been indicted on bribery and fraud counts, even as they conceded the decision had little to do with the strength of the evidence against the New York City mayor, who has cozied up to Trump.
It’s no secret Trump found all kinds of ways to enrich himself in his first term, like overcharging the government for stays at his resorts, running a hotel in D.C. so foreign countries could book overpriced rooms at outrageous prices to earn his favor. Date relates how this time around he’s going above and beyond the tactics of his first term. Since discovering Cypto currency, he is really taking in the simoleans.
In the meantime, Trump has cooked up a far more lucrative money-maker: a virtual “coin” that does not involve a building or wait staff or maids or any of the costs associated with a hotel. Instead, people the world over, including foreign nations seeking his favor, have the ability to buy millions of dollars, tens of millions, or more of his “$TRUMP” digital coins. Since Trump and his partners own most of the unsold coins, an increase in market value inures to Trump’s benefit, while the act of buying them generates immediate cash. A recent New York Times analysis found that the Trump family and its partners have already made nearly $100 million from trading fees, regardless of what happens to the value of the digital coin.
emphasis added
Anyone can buy these crypto coins, putting money in Trump’s pocket — and there is no way for the public to know about any of this. If you wanted to make bribery effortless, this is the way to go.
Read the whole thing. Date has put together a picture that shows just how sprawling the corruption is this time around — and it’s not slowing down or exclusive to Trump.
BONUS — See Paul Krugman on Crypto Is For Criming.
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