The Never-ending Grift
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MAGAcoin: https://www.magacoin.io/
“The digital currency for the MAGA community”Over 1000 people signed up, most accounts have only the 100 coins offered as initial sign-up gift. Some conservative media personalities got around a thousand free coins ad incentives to help promote the new cryptocurrency. But …
”The data also reveals that the lion’s share of the cryptocurrency so far produced has been allocated to the self-described creator of magacoin, a pro-Trump consultant who owns an LLC associated with the cryptocurrency, and a Super Pac associated with the same consultant.”
@Axtremus said in The Never-ending Grift:
MAGAcoin: https://www.magacoin.io/
“The digital currency for the MAGA community”Over 1000 people signed up, most accounts have only the 100 coins offered as initial sign-up gift. Some conservative media personalities got around a thousand free coins ad incentives to help promote the new cryptocurrency. But …
”The data also reveals that the lion’s share of the cryptocurrency so far produced has been allocated to the self-described creator of magacoin, a pro-Trump consultant who owns an LLC associated with the cryptocurrency, and a Super Pac associated with the same consultant.”
I wll have to see if I can find the article, but somebody came up with a crypto currency called "Lets Go Brandon" (or something like that), and gifted President Trump with 500 billion of them. I believe that they are "worth" $4500 USD at the moment. LOL
Each one is worth = $0.0000003514
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https://www.washingtonpost.com/politics/2022/08/15/trump-voter-fraud-2020-election/
A pretty comprehensive chronology of how “True the Vote,” an organization that claims to have data that show massive voter fraud kept promising to release the data, repeatedly over time, yet never do. Every time they use the promise to release the data to get the believers to show up at their events, they end up promoting other things to those attendees. “True the Vote” thus deserves an entry in this thread about “The Never-Ending Grift.”
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This one involves Hershel Walker -- various GOP politicians and related committees have been raising funds in Hershel Walker's name, but default to giving Hershel Walker's campaign only 10% of what's donated.
Perpetrators included J.D. Vance's campaign who continued to do this even after Vance has won his election in Ohio, and, of course, Donald Trump's Save America PAC.
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Is that a 4 D chess board on the shelf behind him?
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A Axtremus referenced this topic on
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https://www.nytimes.com/2023/06/25/us/politics/trump-donations-legal-fees.html
... Trump has quietly begun diverting more of the money he is raising away from his 2024 presidential campaign and into a political action committee that he has used to pay his personal legal fees.
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https://apnews.com/article/trump-campaign-fundraising-rnc-c0e8f1e7b59f70c5237e13a3462e5790
Donald Trump’s new joint fundraising agreement with the Republican National Committee directs donations to his campaign and a political action committee that pays the former president’s legal bills before the RNC gets a cut, ...
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A Axtremus referenced this topic on
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h/t @wtg :
The crypto lobby has been pouring boatloads of cash into the latest presidential campaign of former president Donald Trump, who has entirely abandoned his once-hardline stance against digital currencies as the campaign money has rolled in.
Now, on the back of recent promises to make America the "crypto capital of the world," Trump is prepping to publicly roll out a wildly dubious and ethically fraught new crypto project started by none other than his sons Eric and Donald Trump, Jr.
The project is called World Liberty Financial (WLFI), and it centers on "stablecoins," or coins that creators claim are pegged to stable commodities or government currencies. In an X-formerly-Twitter thread posted last week, the WLFI team claimed their stablecoin would be pegged to the US dollar.
"For too long, the average American has been squeezed by the big banks and financial elites," Trump, a financial elite whose penthouse is caked in gold, said in a Thursday X-formerly-Twitter video promoting the forthcoming crypto venture. "It's time we take a stand — together."
But while stablecoins sound like they should be stable, they've historically been disastrous for investors and economies.
https://futurism.com/trump-crypto-crime-terrorism
And the WSJ:
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h/t @wtg :
The crypto lobby has been pouring boatloads of cash into the latest presidential campaign of former president Donald Trump, who has entirely abandoned his once-hardline stance against digital currencies as the campaign money has rolled in.
Now, on the back of recent promises to make America the "crypto capital of the world," Trump is prepping to publicly roll out a wildly dubious and ethically fraught new crypto project started by none other than his sons Eric and Donald Trump, Jr.
The project is called World Liberty Financial (WLFI), and it centers on "stablecoins," or coins that creators claim are pegged to stable commodities or government currencies. In an X-formerly-Twitter thread posted last week, the WLFI team claimed their stablecoin would be pegged to the US dollar.
"For too long, the average American has been squeezed by the big banks and financial elites," Trump, a financial elite whose penthouse is caked in gold, said in a Thursday X-formerly-Twitter video promoting the forthcoming crypto venture. "It's time we take a stand — together."
But while stablecoins sound like they should be stable, they've historically been disastrous for investors and economies.
https://futurism.com/trump-crypto-crime-terrorism
And the WSJ:
@Axtremus said in The Never-ending Grift:
and it centers on "stablecoins," or coins that creators claim are pegged to stable commodities or government currencies. In an X-formerly-Twitter thread posted last week, the WLFI team claimed their stablecoin would be pegged to the US dollar.
Not understanding why this would be different or better than a US dollar or other currency?
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Well worth the USD$100. I think I will buy 5!!!
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I wonder how his advisors convince him that stuff like this is a good idea?
