- reverse pyromania
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- Infinite Grift
This is nothing next to a $400 million airplane, but still:
More than a dozen high-ranking executive branch officials and congressional aides have made well-timed trades since Trump took office in January, most of them selling stock before the market plunged amid fears that Trump’s tariffs would set off a global trade war, according to a ProPublica review of disclosures across the government.
No appointee, Member of Congress or staff should be allowed to trade individual stocks. They can own index funds like the rest of us. The STOCK Act needs to be extended to the Executive Branch with stiffer penalties for violating it.
Similarly, this crypto shit:
STERLING, Virginia, May 22 (Reuters) - Buyers of President Donald Trump’s meme coin converged from around the globe on Thursday for an exclusive dinner at his private country club, overlooking the Potomac River, just outside the nation’s capital. […]
In total, investors spent an estimated $148 million on the $TRUMP meme coin to secure their seats at the dinner, with the top-25 holders spending more than $111 million, according to crypto intelligence firm Inca Digital.
These top holders will enjoy a private VIP reception with Trump, and the four largest investors will also receive a limited edition Trump Tourbillon watch that sells for $100,000.
A company controlled by the Trump family and a second firm together hold 80% of the remaining supply of $TRUMP coins, and have so far earned $320.19 million in fees, including at least $1.35 million after the dinner announcement, according to blockchain analytics firm Chainalysis.
More than half of the 220 holders at the black-tie event are likely based outside the United States, according to blockchain analysis.
As discussed in the comments earlier, Trump isn’t the only politician endorsing crypto grift — 16 Democrats voted for the “GENIUS Act” which supposedly regulates crypto, but will instead be used to justify a crypto bailout when all these fools are parted with their money.
Instead of Democrats voting for stupid crypto bills, we should be promising to tighten up on corruption when we get back into office. I have no confidence that we will, but, hey, I guess the alternative is to stop writing about this shit, and I’m not ready to do that.
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