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Tesla showroom on the lawn of the White House. $5 million in one-on-one meeting with the president. Illegal fire inspectors. Special tariff exemptions for friendly businesses. The first 100 days of the Trump administration are filled with brave corruption, bribery and non-stop acts of favor against President Donald Trump's billionaire friends.
When you think of corrupt politicians, you might imagine a smoke-filled room where secret transactions are mediated and bribery exchanged. But what makes Trump's corruption unique is that he doesn't try to hide what he's doing. He boasts about it. After he posted a true social, he said, “This is the best time to buy!!!” and suspending his full tariffs, he brought Charles Schwab – yes, the same Charles Schwab ($12.9 billion) into the bank Charles Schwab – on April 9th, announced that Schwab had made $2.5 billion that day.
Why is Trump making all this public? It's not because he believes in transparency. No, that's because I think if Trump is publicly engaged in corruption and glyft, it starts to feel normal to people. Most of it flies under the radar as the media can't keep up with the enormous pace and volume of corruption. He tries to convince us that this is normal. But that's not the case.
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Let's take one example. This could be the most corrupt of them. Playing meme coin. For most people, the crypto industry is a mystery. That's why it's the perfect vehicle for corruption.
Just before taking office, Trump launched a meme coin called $Trump. It has no real value – that value simply relates to how much demand exists, and as the president of the world's most powerful country, Trump uses his enormous official power to generate demand for coins, thus generating profits for himself and his family.
Trump meme coins will skyrocket as the president serves dinner to top holders
Last week, the crypto coin scandal went to the core. Trump posted on the Coin website: “Get dinner with President Trump. The world's most exclusive invitation. The price of the coin jumped over 50%. Its market value surged to $2.7 billion. To juice the price even further, they announced that the top 25 coin holders will be invited to an “exclusive reception” before dinner with a “special VIP tour” at the White House.
Just two days after the dinner announcement, Trump and his allies made almost $900,000 on trading fees alone. Incredibly brave – the president sells access to the White House as a mechanism that personally enriches himself.
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The Get Rich-Quick scheme isn't the worst either. The biggest scam is that you don't know who exactly buys Trump coins and puts cash directly into his pocket. It's as if Trump posted his venmo or Cashapp online for all the business interests and foreign governments to concentrate money directly on his bank account. High-tech billionaires, Russian oligarchs, Saudi princes, oil companies CEOs, or executives looking for a tariff exemption – they can all buy Trump meme coins and curry by enriching the president even more. There is even leaderboard tracking where you buy the most coins, but the username is completely anonymous.
Trump's memecoin is just one of dozens of examples that prove that Trump is not interested in keeping the promises he made to Americans about cutting costs.
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It's no wonder he didn't do anything to tackle prices. He spends every day trying to find ways to use the power of the president to enrich himself and his friends. In fact, Trump did more in the first 100 days of this presidency to enrich himself and his super-rich friends than he did over the entire last semester.
America doesn't have to accept this level of corruption. It's up to us to allow him to make all this feel normal.
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