Tag: scam

Politics

Scam Your Minions, Betray Your Allies – Check!

directactionnovel

A first-month checklist:

(1) Scam American people – mainly your own minions – out of $2 billion – Check!

(2) Betray Ukraine while kissing Putin’s ring – (have we forgotten that around 2017 it was widely rumored that Putin had dirt on Trump – this continues to pay dividends) – Check!

(3) Impose punitive tariffs on the US’s major trading partners (Canada, Mexico, Europe, China) that can only be inflationary – Check!

(4) Disrupt any and all enforcement of financial laws, including de-staffing the SEC – Check!

I find myself wondering – what exactly will be the tipping point – the little thing Trump does that finally pushes things over the edge.

For Nixon, it was Watergate – a pointless, petty burglary of a down-and-out opponent. All the horrid crimes Nixon committed – and it was a third-rate burglary that took him down.

What stupid little thing will Trump do that brings the whole circus tent crashing down?

Culture

A Golden Age of Grift

directactionnovel

Quick update – Trump and Milei meet to compare crypto-scam notes.

Is this a golden age of grift, or what? A con man for President, and the richest con man in the world as his chief advisor.

Quick thoughts on a few cons that Trump & Co are pulling in their first month back in office:

Crypto – 100% scam. Crypto is a useless faux-currency whose only “value” is that some other sucker might pay more for it. If Bitcoin or some other crypto-currency somehow took hold, the most it can do is supplement existing currency – in other words, increase the money supply and cause inflation.

Governments having a “strategic bitcoin reserve” – this is nothing but a funnel from taxpayers’ bank accounts into the pockets of the techno elite. There is absolutely no need for such a “reserve” – it’s just a way to pump the price of Bitcoin etc by creating more buyers.

Memecoins – these are always scams. How could they have any enduring “value”? It’s the nature of a meme to be transitory. Crypto is going to have to show the public more than “what’s trending on yahoo” as a basis of a new currency.

Trump & Melania memecoins – considering that most of the buyers are Trumpies (many of them “onboarding” to crypto for the first time) this is quite the karmic scam. At this writing, Trump’s coin is sitting at about 25% of the price most people paid, and Melania’s is at 10%. The First Family and Friends have pocketed at least $2 billion. Crypto brokers have made $100 million in fees. Ka-ching!

Image: Motley Fool