Mega-Thread: Trump Focused Discussion

[PhaelixWW]

Hmm, that'd be nice. Hopefully when he sells all his stock in a few days, this is immediately brought up.

Well, reading up on Rule 10b-5 makes me somewhat doubt my own supposition, but I think there still would be a case to be made.

Hopefully the bottom drops out of the stock value soon and it becomes a somewhat moot point.

[Breccia]

Hopefully the bottom drops out of the stock value soon and it becomes a somewhat moot point.

Agreed. The boost was people buying a stock in a Trump property, based only on Trump's spoken word about his faith in his own property. People that stupid shouldn't be trusted with their own finances.

[PhaelixWW]

People that stupid shouldn't be trusted with their own finances.

For better or worse, that is a problem that tends to solve itself.

[Breccia]

Speaking of right-wing nutjobs missing the target, Mike Lindell tried to commit election fraud directly this time, instead of merely questioning the results.

Yeah, turns out, he sent out emails to local election officials, asking for their personal information (such as their home address and phone numbers) and what security measures they were taking.

The Election Crime Bureau has been investigating what steps have been taken in all 3,143 counties across America to ensure the security of the upcoming 2024 election. In support of this investigation we have enclosed a very short survey for your response.

-- Lindell's email

Yep. He said he was the Election Crime Bureau.

Lindell has already responded, saying basically "I don't know who the Election Crime Bureau is, but they seem like really good guys that just want to protect America and must have huge penises!"

Incidentally, the email in question was to Georgia officials, but there may be others we don't know about yet.

[ati87]

I'm not sure it works like that, either. He made his statement, and made it public. It had an effect on the stock price.

Even if he "changed his mind", I don't think he's allowed to profit off his own statement like that. At that point, his only option would still be not to sell, even if he wanted to, simply because he's the one who directly manipulated the stock price.

This is like asking for a lawsuit unless Trump waits a month or two before he starts selling his shares.

Musk got a lot of shit with his funding secured tweet and rightfully so, but at the very least Musk didn't start offloading his Tesla shares as far as I'm aware.

[Edge-]

https://lawandcrime.com/lawsuit/no-e...y-for-damages/

As Jack White and the estate of Isaac Hayes continue their music-related lawsuits against the Trump campaign, British singer Eddy Grant of “Electric Avenue” fame now has a path forward for collecting copyright infringement damages.

U.S. District Judge John G. Koeltl sided Friday in the Southern District of New York in favor of Grant’s motion for partial summary judgment, handing the musician a pretrial win by finding Trump and the Trump campaign liable for posting a 55-second animated clip on Trump’s then Twitter account mocking Joe Biden on Aug. 12, 2020, months before Biden was elected president. Here’s how the Trump post appears currently:

When Grant sued in September 2020, the complaint described the video as containing a “visual depiction of a red train” moving swiftly through a snowy townscape and “bearing the words ‘Trump Pence KAG 2020’ and a handcar bearing the words ‘Biden President: Your Hair Smells Terrific’ being powered by an animated likeness of Former Vice President Biden.”

After the train roared through the town, “Electric Avenue” played alongside an assortment of embarrassing Biden audio clips as the cartoon rendering of him manually pumped the handcar.

Donald is getting sued by all the great musicians whose music he steals to use without authorization.

[Paranoid Android]

Trump announces he will host a Space on X to launch his DeFi token, World Liberty Financial, next Monday.

Keep grifting Donald, keep grifting. I wonder if Elmo is moderating. A great use of Twitter.

[Zaydin]

Trump announces he will host a Space on X to launch his DeFi token, World Liberty Financial, next Monday.

Keep grifting Donald, keep grifting. I wonder if Elmo is moderating. A great use of Twitter.

How many glitches do you think it will have this time around?

[Breccia]

Keep grifting Donald, keep grifting.

What a coincidence. He made this announcement after his "I'm not selling" stock inflation failed to hold.

Trump keeps slapping his name on "give me large piles of money for nothing" schemes. And they keep working. I'd wonder what kind of person keeps falling for that, but then, I wonder why Trump supporters keep posting here without facts or evidence and get their virtual shit pushed back in by thirty people within seconds.

[PhaelixWW]

Trump keeps slapping his name on "give me large piles of money for nothing" schemes. And they keep working. I'd wonder what kind of person keeps falling for that, but then, I wonder why Trump supporters keep posting here without facts or evidence and get their virtual shit pushed back in by thirty people within seconds.

I see the "defund the political base" plan is going swimmingly.

[Breccia]

Manhattan DA sued for records of Trump prosecution.

"Aha! So they were caught in the act doing biased illegal things!"

No. America First Legal, guess who they are, is suing for all their communications with the Biden-Harris campaign.

Naturally, these records don't exist. No such communication exists. Yep, that's FOX News *ding* grasping at straws. America First Legal has nothing but guesswork.

"You don't know that."

At this point, eight years in, I kinda do. Tell you what, bookmark this post, we'll come back to it if literally anything is found.

Oh, AFL is also asking for all records of fundraising off the prosecution. Again, no attempt was ever made to prosecute Trump just to fundraise on it. Those records don't exist, either. FOX News is desperate for anything to change the narrative, which seems really strange, because they just caught an attempted assassin. Why not run wild with that?

I'll burn my CNN point earned from this immediately. Speaking of court cases filed on nothing and doomed to fail, Mark Meadows tried to move his case to federal court and was rejected.

I have the judge's response here:

No.

"Har har. What did it really say?"

The State’s charged conduct is unrelated to Mr. Meadows’s official duties. Although the Court credits Mr. Meadows’s theory that the Chief of Staff is responsible for acting as the President’s gatekeeper, that conclusion does not create a causal nexus between Mr. Meadows’s official authority and the charged conduct.

"So, in--"

Contrary to Mr. Meadows’s assertions, the State has not indicted Mr. Meadows for merely facilitating communication to and from the President or for simply staying abreast of campaign goings-on. Instead, the State has indicted Mr. Meadows for allegedly orchestrating and participating in an illegal electioneering scheme. Few, if any, of the State’s factual allegations even resemble the secretarial duties that Mr. Meadows maintains are the subject of the indictment.

"I guess--"

None of the factual allegations at issue here mention management of the President’s time or facilitation of communication to and from the President, much less that any such time management or communication facilitation constitutes the charged conduct in this case. Similarly, contrary to Mr. Meadows’s reframing of the indictment, he is not being prosecuted for receiving text messages intended to simply keep him ‘apprised of what was happening’ with the Trump campaign.

"Okay, fine. 'No' it is."

[Edge-]

Trump announces he will host a Space on X to launch his DeFi token, World Liberty Financial, next Monday.

Keep grifting Donald, keep grifting. I wonder if Elmo is moderating. A great use of Twitter.

Well his love affair with bitcoin sure didn't last very long. But I'm unsure why I see crypto folks being upset/triggered in response to this. Isn't this like...the whole space? Just pump and dumps with everyone hoping that this time they're not left holding the bag?

- - - Updated - - -

Well his love affair with bitcoin sure didn't last very long. But I'm unsure why I see crypto folks being upset/triggered in response to this. Isn't this like...the whole space? Just pump and dumps with everyone hoping that this time they're not left holding the bag?

More on this - https://www.cnbc.com/2024/09/16/trum...financial.html

Around sixteen minutes into Republican former President Donald Trump’s “state of crypto” address on X, cryptocurrencies got their first mention.

For over a month, the former president and his family have been pumping up a secretive Trump Organization crypto project, promising that it will do many things at once.

State...of crypto? Oh lawd.

Early descriptions suggest that “World Liberty Financial” will be a sort of crypto banking platform, with 70% of the equity held by a small group of Trump famiy members and insiders. Users would be able to borrow and lend crypto on the platform, and the original investors would be paid via fees.

Ah yes, centralized control is right up the alley of anti-establishment, decentralized crypto folks! Surely nothing risk about getting in bed, financially or not, with the Trump family, right?

The GOP presidential nominee began the conversation around crypto by talking about how much his three sons know about the industry and how “they’ve shown great judgment”

“Barron knows so much about this,” Trump said of his youngest son. “He talks about his wallet. He’s got four wallets or something, but he knows this stuff.”

This is...so fuckin on brand I don't know where to begin. Yes please, get all your financial advice from an 18 year old or however old the young lad is now. Too bad he didn't get a job running "the cyber" in Donald's White House!

CNBC sent detailed questions to a World Liberty Financial press email address on Monday. A short time later, CNBC received an email reply sent from an anonymous gmail account, which did not answer CNBC’s questions or list a name for the sender.

This is how you know this is a real, serious business endeavor. Anonymous gmail accounts respond to your official press inquiries.

Along with Trump, Witkoff is one of at least a half dozen members of the project’s “leadership team.” This means he will also reportedly share in the 70% stake in the crypto bank that will be issued to its founding members at the launch.

Seventy percent is an unusually large equity share for the founders of a crypto platform to retain, according to several industry experts including crypto-specific venture capitalists. The typical founders stake is closer to 20%.

Alongside Trump and Witkoff, founders include Donald Trump Jr., Eric Trump and Barron Trump, as well as Witkoff’s son, Zach Witkoff, according to a person briefed by a member of the group’s founding team.

Ok so this is like...a legacy grift? You know, for their kids?

A copy of the internal report, known as a white paper and obtained by CoinDesk, lists Barron as “Chief DeFi Visionary,” Eric and Donald Jr. as “Web3 Ambassadors,” and Trump Sr. as “Chief Crypto Advocate.”

Even amongst the endlessly made-up titles in corporateland, these are hilariously stupid.

The anonymous gmail account that replied to CNBC claimed the project had not yet produced a white paper, raising additional questions about whether it was prepared to launch on Monday.

Oh, so there's not even a whitepaper? That's like, what every low-effort crypto grift does a bare minimum.

CNBC reached out to Eric Trump and Witkoff to ask about their leadership roles within World Liberty, and didn’t immediately receive a reply.

According to a person familiar with the project, Witkoff has shown little interest in learning the mechanics of how the platform works.

Well of course...one does not care how one repairs a car if one is not actually running a business repairing cars and is instead running a front.

Much of what the public knows of World Liberty is based on interviews Trump’s sons have given to the press over the past month, as well as the leaked white paper that serves as a sort of crypto project manifesto, and conversations with people familiar with the project.

Anyone who wants material details of the platform, including the white paper, is being asked to sign a non-disclosure agreement, according to a person familiar with the project

This sounds like it could likely run afoul of more than a few rules.

[Breccia]

"a sort of crypto banking platform, with 70% of the equity held by a small group of Trump family members and insiders"

"A sort of crypto". Hmm.

I don't really want Trump to get more money for nothing, but right now, I really want him to take as many suckers for all their worth as possible. He'll keep it for himself, of course, it won't get into his campaign or any RNC campaigns, and every single idiot who buys it will get what they deserve. Ripped all the way off.

Mostly because this fraud is so blatantly obvious that I want idiot investors to lose everything more than I want Trump to fail.

And the rest because it's possible there's some kind of contract involved that Team Trump will violate and end up in a lawsuit with his own cultists, or better yet, break the law.

There isn't a bad result that could come out of this. Everyone involved is either a lying loser criminal, or a fool. I'm rooting for both sides to lose, but push comes to shove, this time, I'll be okay with just the investors losing.

[Paranoid Android]

So reading @Edge summary makes this sound sooo great. The world we are in when a candidate just runs scam after scam.

So Barron was in the chat. I can see where his arc is going.

I listened to about 15 minutes and host was such a dipshit crypto bro. Gawd help us in the future if these are the people that will be running the scams in the future.

[Drutt]

Trump announces he will host a Space on X to launch his DeFi token, World Liberty Financial, next Monday.

Keep grifting Donald, keep grifting. I wonder if Elmo is moderating. A great use of Twitter.

This is going to be hilarious, because the only reason most of the crypto scammers don't get arrested is because no one knows who they are, not because what they are doong is legal.

If the Trumps operate this like most crypto projects, they are going to get fucked.

[Edge-]

This is going to be hilarious, because the only reason most of the crypto scammers don't get arrested is because no one knows who they are, not because what they are doong is legal.

If the Trumps operate this like most crypto projects, they are going to get fucked.

Donald is gonna find a way to lose money running a crypto scheme, just you watch. The dude bankrupted a fucking casino already, and this is more than just some lazy NFT bullshit that he can simply use his likeness for and make money off of nothing, from.

[Huehuecoyotl]

There isn't a bad result that could come out of this. Everyone involved is either a lying loser criminal, or a fool. I'm rooting for both sides to lose, but push comes to shove, this time, I'll be okay with just the investors losing.

Best result surely is that Trump himself gets scammed by one of the crypto "experts" his son brings in, who runs off with all the money?

[postman1782]

Best result surely is that Trump himself gets scammed by one of the crypto "experts" his son brings in, who runs off with all the money?

Guarantee it will be Peter Thiel.

[Breccia]

Best result surely is that Trump himself gets scammed by one of the crypto "experts" his son brings in, who runs off with all the money?

That'd be great, but seems unlikely. I'm not at all ruling out that one of the "experts" they bring in adds some careful words to the contract, but once money gets into the hands of Trump, it's nearly impossible to get it back. The Trump Org is a black hole for money, fueled by his inability to consider anyone who isn't himself, greed, poor business decisions, and the actual physical gravity of Trump's enormous bulk.

[Edge-]

https://www.reddit.com/r/CryptoCurre...s_confused_in/

/r/cryptocurrency was not impressed by Donald's further foray into crypto. Even these bag-holders see the obvious grift from a guy who thinks having four crypto wallets is some great technical achievement.