Here’s how it works.
He sets the policy. His accounts trade the policy. His company sells early access to the policy. Then he posts a meme bragging about the money and says it’s for the country. The people that make money are him, his friends, his family, and his Truth Social API subscribers who get access to insider information. And the people that lose money are the ones that don’t (us) who are on the other side of those trades holding the bag.
That’s it. That’s the whole thing.
Here are the details: 21,000 trades since last year. Bought Nvidia a week before his administration approved chip exports to China. Traded Palantir before and after the Iran deal. Posted “great time to buy” the morning he paused the tariffs, and a wave of buy orders hit minutes before the announcement. Pumped stocks on Truth Social days after his accounts bought them. His government took a 10% stake in Intel, his accounts bought Intel, and last night he posted a meme of himself watching Intel go up with the caption that he’s made “Hundreds of Billions of Dollars on Stocks.”
Then there’s Truth API. $100,000 a month for early access to his announcements. A paid subscription for insider trading, sold by the President. He owns the company selling it. Read that as many times as you need to. The President is charging money for advance notice of what the President is going to do.
Every one of those trades has someone on the other side of it. When he buys before the news, someone sold to him at the old price. When buy orders hit before the announcement, someone else was selling. Inside information doesn’t make money. It takes money from the people who didn’t know and gives it to the people who did. The people who didn’t know is you.
Crypto is the same scheme with fewer rules. TRUMP coin launched two days before the inauguration and went to $73. It’s $1.50 now. Down 97%. Almost a million people lost a combined $3.8 billion. His companies own 80% of the supply and take a cut of every trade, so they made $636 million last year while everyone who bought it lost. The only wallets that made money got in the first few hours. Then he sold dinner seats at Mar-a-Lago to the biggest holders and most of them dumped right after. World Liberty, his other one, is down over 80%. His family pulled out $799 million.
He told people to buy. They bought. He and his people got out. They’re holding it. If a hedge fund did this the word for it is fraud. If a pastor did it it’s fraud. If you or I did it it’s fraud. Anyone else would go to prison for decades for doing what he’s doing. He does it from the Oval Office and it’s a meme. And half the country ignores it and laughs because he said he “does it for America.”
And now it’s legal, because the conflict of interest law exempts the President and Congress passed an insider trading bill in July and wrote him out of it. So much for our elected officials representing us.
Think about what that means. Congress looked at this and decided the one person who can move every market in the world with a post is the one person who doesn’t have to follow the rules and has permission to rig the markets against us because we don’t have the same insider information he, his donors, family, and paid subscribers have.
The US government owns stakes in companies the President is trading. The SEC that’s supposed to investigate him reports to him. Nine out of ten Americans already think the government is corrupt. No shit. Foreign money and pension funds are watching the President sell advance notice of his own decisions and asking why they’d put a dollar into that market. Democrats said they’ll subpoena everything if they take the House and every one of these deals ends up in court with taxpayers paying the bill.
The White House says outside managers do the trades and he doesn’t touch it. He still owns the accounts. He still owns Truth Social. He still posted the meme. The two reasons this guy is President is to stay out of prison (for his felonies, very suspect ties to Epstein, etc.) and to profit. What has he ever done to help any of us?
If this isn’t a scheme to defraud the country, somebody tell me what one looks like. The fact that our elected officials are okay with this and didn’t remove him a long time ago and put him in jail is fucking insane. The POTUS is openly rigging the entire stock market. Congress and the Supreme Court are basically co-conspiring with him. And the “small government party” is cheering him on. How sad.