Crypto & Financial Grift - Donald Trump Jr's fortune increased sixfold, reaching $300 million from $50 million in the past year, attributed to crypto investments [1] - Crypto is described as "finance without regulation," lacking SEC oversight and facing no prosecution even if crimes are committed [3] - The Trump family profited from crypto by essentially conducting a public offering, selling shares in "Trump" through various entities [4] - Holding Trump coin was a requirement to attend a reception at Mara Lago, explicitly linking investment with access and favors [5] - The untraceability and fluidity of crypto are exploited, enabling money to be poured into administrations without accountability [6][8] - There are concerns about the potential for funneling hundreds of millions of dollars to Donald Trump through crypto with no traceability [15] - Crypto gambling casinos are causing teenagers to become gambling addicts [17][18] - Crypto is reinventing past financial crises, necessitating regulation and oversight similar to measures taken in 1932 and 1837 [20][21] Sovereign Wealth Funds & Middle East Influence - The UAE invested $4 billion (1.4%) into World Liberty Financial and subsequently received permission to obtain high-tech chips [7] - Jared Kushner is involved with Middle Eastern entities, potentially influencing regulatory decisions, such as preventing the Netflix deal [12] - Middle Eastern entities are investing $24 billion in Ellison, expecting something in return [12] - Sovereign wealth funds, particularly the Saudi fund, are used to provide discretionary funds to individuals like Trump or MBS, unlike more regulated funds like Norway's [22][23]
Trump Junior's amazing multiplying crypto fortune - how'd that happen?
MSNBC·2025-12-11 05:01